MasterBrand Inc (MBC)
NYSE:MBC
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MasterBrand Inc
(NYSE:MBC)
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Rating:42Neutral
Price Target:
$6.50
▼(-41.65% Downside)
Action:Reiterated
Date:05/09/26
The score is held down primarily by deteriorating financial performance (margin compression, slightly negative TTM earnings, and weakened free cash flow) and bearish technicals (price below key moving averages with negative MACD). Earnings-call guidance provides some offset via expected sequential improvement and cost/tariff mitigation progress, but elevated leverage and weak end-market demand keep the outlook challenged. Valuation offers limited support given the negative P/E and no dividend data.
Positive Factors
Cost reduction execution
Management completed a $30M cost-savings program in Q1, showing disciplined execution of structural efficiency actions. These permanent run-rate reductions support margin recovery potential, free cash flow improvement and provide durable operating leverage as volumes normalize over the next 2–6 months.
Negative Factors
Weak end-market demand
Sales are structurally pressured by mid-single-digit declines in new construction and R&R, reducing volume-driven fixed-cost absorption. Sustained lower housing completions and consumer weakness will constrain revenue mix and recovery timing, keeping top-line growth muted for multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Cost reduction execution
Management completed a $30M cost-savings program in Q1, showing disciplined execution of structural efficiency actions. These permanent run-rate reductions support margin recovery potential, free cash flow improvement and provide durable operating leverage as volumes normalize over the next 2–6 months.
Read all positive factors
MasterBrand Inc Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks revenue into regional buckets to show where the company is strongest and where it is most exposed to local market cycles. Geographic trends highlight dependence on particular housing markets or economies, currency and supply-chain risks, and opportunities for expansion if certain regions grow faster than others.
Breaks revenue into regional buckets to show where the company is strongest and where it is most exposed to local market cycles. Geographic trends highlight dependence on particular housing markets or economies, currency and supply-chain risks, and opportunities for expansion if certain regions grow faster than others.
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The Fly
The FlyMasterBrand Inc (MBC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$986.76M
Dividend YieldN/A
Average Volume (3M)1.74M
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue Growth-1.11%
EPS Growth-101.88%
CountryUS
Employees13,000
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-0.02
Shares Outstanding127,984,590
10 Day Avg. Volume1,478,456
30 Day Avg. Volume1,743,670
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)1.06
Price to Sales (P/S)0.52
P/FCF Ratio12.07
Enterprise Value/Market Cap2.16
Enterprise Value/Revenue0.79
Enterprise Value/Gross Profit2.85
Enterprise Value/Ebitda12.89
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.33
Revenue Forecast (FY)$2.62B
MasterBrand Inc Business Overview & Revenue Model
Company Description
MasterBrand Inc. (MBC) is a leading manufacturer and distributor of high-quality cabinetry and related products, serving the residential and commercial markets. With a diverse portfolio that includes kitchen cabinets, bathroom vanities, and storag...
How the Company Makes Money
MasterBrand makes money primarily by selling residential cabinetry and related storage/accessory products to customers in the homebuilding and home improvement ecosystem. Its core revenue stream is product sales of kitchen and bath cabinets (and a...
MasterBrand Inc Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Negative
The call presented a mixed but challenged picture: management executed well on cost actions, tariff mitigation and integration planning (positive operational execution and preserved liquidity), but financial results showed material declines in revenue, margins, adjusted EBITDA and GAAP profitability alongside large operating cash outflows and elevated leverage. Near-term market demand remains weak and the trade environment volatile, though management expects sequential improvement in Q2 and longer-term recovery by 2027.Positive Updates
Disciplined execution of cost and mitigation plans
Completed previously announced $30 million cost savings initiative in Q1 and executed tariff mitigation actions ahead of schedule; on track for $28 million Supreme integration run-rate synergies by year three and expecting approximately $90 million in annual run-rate synergies from the pending American Woodmark merger by year three post-close.
Negative Updates
Decline in net sales
Net sales were $618.0 million in Q1, down 6.4% year over year (from $660.3 million), reflecting mid-single-digit market declines and a slower pace of housing completions.
Read all updates
Q1-2026 Updates
Positive
Negative
Disciplined execution of cost and mitigation plans
Completed previously announced $30 million cost savings initiative in Q1 and executed tariff mitigation actions ahead of schedule; on track for $28 million Supreme integration run-rate synergies by year three and expecting approximately $90 million in annual run-rate synergies from the pending American Woodmark merger by year three post-close.
Read all positive updates
Company Guidance
The company guided that second-quarter 2026 end markets and net sales are expected to be down mid- to high-single digits year over year with a meaningful sequential improvement versus Q1, and provided specific Q2 financial targets of adjusted EBITDA of $51 million to $61 million (adjusted EBITDA margin of 7.8%–8.8%) and adjusted diluted EPS of $0.03 to $0.13; the outlook incorporates tariffs currently in effect but excludes any anticipated financial benefits or transaction/integration costs from the pending American Woodmark merger and does not reflect potential future trade policy changes. For the full year, MasterBrand expects its addressable market down mid-single digits, elevated decremental margins that should improve in the second half as tariff mitigation and $30 million of cost savings (fully executed in Q1 and phasing in through the year) take effect, interest expense flat to down, an elevated and variable effective tax rate due to deal-related items, and free cash flow to exceed net income. Management reiterated an estimated unmitigated gross tariff exposure of ~5%–6% of 2026 net sales and said it expects to offset 100% of tariff dollar costs on a run-rate basis exiting 2026; they also noted pro forma leverage remains elevated (net debt $946.5M, net debt/adjusted EBITDA ~3.7x) with cash of $138.4M and $332.3M of revolver liquidity, and continue to target $28M (Supreme) and ~ $90M (American Woodmark) of run-rate annual cost synergies by year three post-close.MasterBrand Inc Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
52
Neutral
Cash Flow
36
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.69B | 2.73B | 2.70B | 2.73B | 3.28B | 2.86B |
| Gross Profit | 747.60M | 827.60M | 859.70M | 875.90M | 918.80M | 763.20M |
| EBITDA | 165.00M | 213.90M | 319.60M | 368.20M | 277.90M | 300.50M |
| Net Income | -2.00M | 26.70M | 125.90M | 182.00M | 155.40M | 182.60M |
Balance Sheet | ||||||
| Total Assets | 3.12B | 3.10B | 2.93B | 2.38B | 2.53B | 3.00B |
| Cash, Cash Equivalents and Short-Term Investments | 138.40M | 183.30M | 120.60M | 148.70M | 101.10M | 141.40M |
| Total Debt | 1.28B | 1.35B | 1.08B | 770.20M | 1.03B | 113.20M |
| Total Liabilities | 1.80B | 1.76B | 1.64B | 1.19B | 1.52B | 551.10M |
| Stockholders Equity | 1.32B | 1.34B | 1.29B | 1.19B | 1.01B | 2.45B |
Cash Flow | ||||||
| Free Cash Flow | 12.50M | 117.50M | 211.10M | 348.30M | 179.70M | 96.60M |
| Operating Cash Flow | 94.10M | 195.70M | 292.00M | 405.60M | 235.60M | 148.20M |
| Investing Cash Flow | -77.60M | -74.40M | -580.80M | -56.90M | -55.90M | -51.50M |
| Financing Cash Flow | 2.40M | -65.70M | 269.60M | -299.90M | -215.30M | -109.70M |
MasterBrand Inc Technical Analysis
Negative
11.14
Price Trends
8.24
Negative
9.87
Negative
11.03
Negative
Market Momentum
-0.40
Negative
46.86
Neutral
78.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MBC, the sentiment is Negative. The current price of 11.14 is above the 20-day moving average (MA) of 7.88, above the 50-day MA of 8.24, and above the 200-day MA of 11.03, indicating a bearish trend. The MACD of -0.40 indicates Negative momentum. The RSI at 46.86 is Neutral, neither overbought nor oversold. The STOCH value of 78.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MBC.
MasterBrand Inc Risk Analysis
MasterBrand Inc disclosed 41 risk factors in its most recent earnings report. MasterBrand Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
MasterBrand Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $1.67B | 15.39 | 16.69% | 0.21% | 7.34% | 48.24% | |
65 Neutral | $1.50B | 18.08 | 8.12% | 2.39% | 1.69% | -31.16% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $566.76M | -7.53 | 1.91% | ― | -13.62% | -81.98% | |
54 Neutral | $1.36B | 17.20 | 23.12% | 1.84% | -8.33% | ― | |
50 Neutral | $1.06B | 14.70 | 0.83% | 4.16% | 5.62% | -65.76% | |
42 Neutral | $986.76M | -16.99 | -0.15% | ― | -1.11% | -101.88% |
* Consumer Cyclical Sector Average
MBC
MasterBrand Inc
7.71
-2.43
-23.96%
AMWD
American Woodmark
38.90
-17.84
-31.44%
MLKN
MillerKnoll
15.45
-0.19
-1.21%
TILE
Interface
28.81
9.25
47.31%
LZB
La-Z-Boy Incorporated
36.65
-4.32
-10.53%
LEG
Leggett & Platt
9.99
1.45
16.98%
MasterBrand Inc Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
MasterBrand Posts Q1 Loss, Launches Cost-Cutting Measures
Negative
May 5, 2026
MasterBrand reported first-quarter 2026 results on May 5, 2026, with net sales falling 6.4% year over year to $618 million amid a mid-single-digit market decline and slower housing completions. Gross margin compressed to 25.3% on lower volume, unf...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsRegulatory Filings and Compliance
MasterBrand Expands Board Ahead of American Woodmark Merger
Positive
Apr 22, 2026
On August 5, 2025, MasterBrand, Inc. entered into a merger agreement with American Woodmark Corporation, under which American Woodmark will merge with a wholly owned MasterBrand subsidiary, with closing expected in the second quarter of 2026 subje...
Financial DisclosuresRegulatory Filings and Compliance
MasterBrand Files Disclosure on Amended Financial Obligation Agreement
Neutral
Mar 26, 2026
MasterBrand Inc. filed a brief disclosure indicating that the descriptions of a Second Amendment to a previously referenced agreement are incorporated into another reporting item by reference. The release offers no additional operational details, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.