Texas Industries, Inc'

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Texas Industries, Inc.
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TXIs future, like its past, will be built by
the dedicated men and women of TXI Robert D.
Rogers, former president of TXI
Cement
Aggregate
Concrete
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Stock Overview

• Current Price
• 52 Week
• High
• Low
• Per Share
• Earnings (ttm)
• Sales (ttm)
• Book Value (mrq)
• Cash Flow (ttm)
• Cash (mrq)
• Volume
• Avg. Daily (in millions)

50.63 74.75 42.00 .95 67.24 40.81 8.55
11.48 9.125
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Stock Performance
NPV - 10,000 invested in 2000, worth 26,869
TXI has outperformed both construction
manufacturing and the SP 1500 in 4 of the
last 5 years. The Sub-Industry (Steel Iron)
which TXI is a member of has outperformed the
SP 1500 and its Sector (Basic Materials) for
each of the last five years
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Company Revenue / Growth
TXI, as the largest cement producer in the state
of Texas is slated to be a major player in the
rebuilding of the Gulf Coast
Orange Line Linear Trend based upon past ten
years revenue has been extrapolated two periods
beyond current data - TXI has experienced 101
revenue growth in ten years
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Direct Competition
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Comparison

• Texas Industries vs. Vulcan Materials and SP
  500

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CAC Industry
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Locations
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Pros/Cons (TXINYSE)

• United States cement industry is favorably
  structured
• Texas and California are attractive cement
  markets
• TXI is the largest cement supplier in Texas, and
  a low cost producer
• TXIs management team has decades of industry
  experience
• Most of the reconstructing performed by TXI in
  the Gulf Coast region

• Beta of 1.25 which is flirting with our
  portfolios standard
• Inconsistent growth over the past five years
• Fair value cost at 39.90, so the stock is way
  overvalued

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Recommendation

• HOLD
• Questions?