Builders’ providers firms ‘good value’

SOME of the country’s well-known builders’ providers companies offer good value to investors based on current values, a new analysis concludes.

The companies covered are CRH, Kingspan and Grafton and the report by Bloxham Stockbrokers’ Paraic Quinn says “from a bottom up valuation perspective, all three companies offer attractive entry points to long-term value investors”.

In the current climate when earnings profiles have been distorted by extreme volatility, Mr Quinn argues that asset values and balance street strength offer a better guide to future earnings prospects given the uncertain nature of the sector.