WallStSmart

Patrick Industries Inc (PATK)vsWinnebago Industries Inc (WGO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Patrick Industries Inc generates 37% more annual revenue ($3.95B vs $2.88B). PATK leads profitability with a 3.4% profit margin vs 1.3%. WGO appears more attractively valued with a PEG of 0.24. WGO earns a higher WallStSmart Score of 56/100 (C).

PATK

Buy

55

out of 100

Grade: C

Growth: 6.0Profit: 5.5Value: 6.7Quality: 7.3
Piotroski: 4/9

WGO

Buy

56

out of 100

Grade: C

Growth: 3.3Profit: 4.0Value: 7.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

PATKUndervalued (+20.1%)

Margin of Safety

+20.1%

Fair Value

$182.52

Current Price

$112.00

$70.52 discount

UndervaluedFair: $182.52Overvalued
WGOSignificantly Overvalued (-444.3%)

Margin of Safety

-444.3%

Fair Value

$8.70

Current Price

$32.67

$23.97 premium

UndervaluedFair: $8.70Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PATK1 strengths · Avg: 10.0/10
EPS GrowthGrowth
92.3%10/10

Earnings expanding 92.3% YoY

WGO2 strengths · Avg: 10.0/10
PEG RatioValuation
0.2410/10

Growing faster than its price suggests

Price/BookValuation
0.7x10/10

Reasonable price relative to book value

Areas to Watch

PATK4 concerns · Avg: 3.0/10
P/E RatioValuation
28.7x4/10

Moderate valuation

Profit MarginProfitability
3.4%3/10

3.4% margin — thin

Debt/EquityHealth
1.393/10

Elevated debt levels

PEG RatioValuation
3.462/10

Expensive relative to growth rate

WGO4 concerns · Avg: 3.3/10
P/E RatioValuation
26.1x4/10

Moderate valuation

Market CapQuality
$942.85M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
2.9%3/10

ROE of 2.9% — below average capital efficiency

Profit MarginProfitability
1.3%3/10

1.3% margin — thin

Comparative Analysis Report

WallStSmart Research

Bull Case : PATK

The strongest argument for PATK centers on EPS Growth.

Bull Case : WGO

The strongest argument for WGO centers on PEG Ratio, Price/Book. Revenue growth of 12.3% demonstrates continued momentum. PEG of 0.24 suggests the stock is reasonably priced for its growth.

Bear Case : PATK

The primary concerns for PATK are P/E Ratio, Profit Margin, Debt/Equity. Thin 3.4% margins leave little buffer for downturns.

Bear Case : WGO

The primary concerns for WGO are P/E Ratio, Market Cap, Return on Equity. Thin 1.3% margins leave little buffer for downturns.

Key Dynamics to Monitor

PATK carries more volatility with a beta of 1.32 — expect wider price swings.

WGO is growing revenue faster at 12.3% — sustainability is the question.

PATK generates stronger free cash flow (113M), providing more financial flexibility.

Monitor RECREATIONAL VEHICLES industry trends, competitive dynamics, and regulatory changes.

Bottom Line

WGO scores higher overall (56/100 vs 55/100) and 12.3% revenue growth. PATK offers better value entry with a 20.1% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Patrick Industries Inc

CONSUMER CYCLICAL · RECREATIONAL VEHICLES · USA

Patrick Industries Inc. (PATK), headquartered in Elkhart, Indiana, is a leading manufacturer and distributor of component products tailored for the recreational vehicle, marine, manufactured housing, and industrial sectors. With a robust and diverse product portfolio that includes cabinetry, decorative surfaces, and building materials, the company capitalizes on its extensive industry experience to foster innovation and enhance operational efficiency. Patrick Industries is dedicated to sustainable practice and has a strategic focus on acquisitions, positioning the company to capture growing consumer demand in the recreational vehicle market, thus ensuring long-term growth and value creation for its shareholders.

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Winnebago Industries Inc

CONSUMER CYCLICAL · RECREATIONAL VEHICLES · USA

Winnebago Industries, Inc. manufactures and sells recreational vehicles and marine products primarily for use in leisure travel and outdoor recreational activities. The company is headquartered in Forest City, Iowa.

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