Construction Partners, Inc. (ROAD)
NEUTRALFundamental
70
Price
$108.98
Market Cap
$6.26B
Part 1 · What the company is worth
Overview
Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 2007 and is headquartered in Dothan, Alabama.
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Direct competitors
Who this company fights with for the same customers
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Balance Sheet & Liquidity
Revenue
$3.48B
Trailing 12 months (through 6/30/2026)
Net Income
$143M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$153M
Total Equity
$912M
Total Liabilities
$2.33B
Current Ratio
1.57
Interest Coverage
2.74
Debt/EBITDA
5.13
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$160.07
Current Price
$108.98
Margin of Safety
+31.9%
Fair Value Range
$104.05 - $216.10
Estimation Methods
Valuation Metrics
P/E Ratio
42.38
ROE
11.2%
P/B Ratio
2.30
P/FCF
13.66
Gross Margin
15.8%
ROIC
7.8%
Profitability Radar
Value Creation (Economic Moat)
ROIC
7.8%
WACC
8.4%
ROIC − WACC
-0.5 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamental Analysis Criteria
Passed (20)
- EPS shows upward trend
- EPS CAGR 14.34%
- Price CAGR 37.40%
- ROIC 7.9%
- P/FCF 13.66
- P/B Ratio 2.30
- Debt/Equity ratio
- Operating Margin 8.6%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 14.6%
- Revenue Growth 5Y 29.1%
- Analyst Consensus 77% Buy
- Earnings Surprise avg 194.7%
- Earnings Quality (OCF/NI) 2.48
- Net Margin Trend 4.1% vs 3.0%
- Piotroski F-Score 5/9
Failed (7)
- Gross Margin 15.8%
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- PEG Ratio 2.54
- Share Dilution 5.1%
Unavailable (1)
- Dividend Payout NaN%
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Ned N. Fleming III | Executive Chairman of the Board | 65 |
| Mr. Fred J. Smith III | President, CEO & Director | 55 |
| Mr. Gregory A. Hoffman | Senior VP & CFO | 59 |
| Mr. Robert G. Baugnon | Senior Vice President of Personnel & Administration | 58 |
| Mr. Judson Ryan Brooks J.D. | Senior VP & General Counsel | 36 |
| Mr. N. Nelson Fleming IV | Senior Vice President of Strategy and Business Development | 36 |
Audit Risk
8
Board Risk
10
Compensation Risk
5
Shareholder Rights Risk
10
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for ROAD, sourced from Markets Gazette.