1) What is FMI Source?
FMI Source is an informational tool for operating managers and investors. FMI Source covers market and financial data on the infrastructure, improvements, and maintenance sectors, more generally referred to as the construction industry. The worldwide construction industry has a put-in-place value of approximately $3.5 trillion annually (in US dollars).
Put-in-place and product-value data are provided on this site. This information will be updated quarterly and is based on the proprietary work of the FMI Market Research Group.
Equity coverage is provided on all construction-related U.S. public companies. Business profiles are available for manufacturers, distributors, contractors, homebuilders and professional service firms. Equity pricing, financial performance, news, business profiles and like matters are available on these companies. Content for public equity coverage is provided by CNET Networks, Inc.
Debt and leverage information is based on proprietary data published by Gold Sheets.
Industry news is culled from a variety of public news feeds by FMI.
2) What is unique about FMI Source?
FMI Source is unique in its integrated view of the construction industry. All constituents in the construction channel are covered. As an example, someone interested in the HVAC sector, could perform a value chain analysis about this market on FMI Source from the specifier, to manufacturer, to distributor, to installer.
Public peer groups have been carefully chosen. We believe these peer groups best reflect comparable business profiles, thus risk.
Historical and forecast demand is based on put-in-place value, not permits. Unlike market data provided by other research groups, FMI is estimating the revenue generation in the industry on an annual basis; thus correlating with the financial performance of companies in the industry. We believe this data is the best performance benchmarking data available to industry participants.
3) How are the stock indices created, how do they work?
FMI Residential Index and FMI Non-Residential Index reflect equity pricing and pricing trends for public companies whose fortunes are primarily tied to residential or non-residential construction. Index companies cross business profile categories, are notable for their influence on the industry, have market capitalization of mid-cap size or larger, meet minimum stock price criteria, and are otherwise suitable for long-term inclusion in the index.
FMI Peer Indices are public equities' comparable company data sets. These data sets are used for performance and capital pricing analysis. Published indices include four manufacturing categories, two contracting categories, as well as homebuilders, distributors, and professional service firms.
FMI maintains a large proprietary database of public and private infrastructure-related companies. Coverage is maintained on all public companies that are influential in the industry. However, certain of these companies derive much of their revenue from non-construction related markets. For stock indexing purposes, only those companies with equity pricing primarily driven by construction risk are included.
Individual indexes are calculated using the "Paasche Method," by totaling the individual stock price of index companies and dividing this value by the number of companies in the index. The index is automatically adjusted for stock splits, dividends and the addition or removal of index companies used in calculating the index.
4) How is the data on FMI Source organized?
Market and company databases are organized into "trees." FMI's market tree includes residential building, non-residential building, and non-building construction. These groups are further divided into application-specific sub sectors. FMI's product tree begins with major product classes for vertical and non-vertical construction and maintenance applications. These major classifications are further broken into more refined product classes and by type of material.
5) Is more detailed information available?
Yes. FMI routinely provides primary and secondary research. Example queries include:
- Put-in-Place data by region, state, MSA or city (i.e. new healthcare construction in the Midwest)
- Product demand by region, state, MSA or city
- Market share by industry (i.e. window) and sub-sector (i.e. wood, aluminum and vinyl)
- Value chain analysis
- Industry studies (demand, trends, companies, outlook, etc.)
- Valuation (enterprise, equity, debt and goodwill/intangibles)
6) I want more details!
Please call or email any of the contacts below:
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