Scotts Miracle-gro Intrinsic Value Calculator – SCOTTS MIRACLE-GRO Reports 5.7% Drop in Revenue for FY2023 Q3
August 13, 2023
🌧️Earnings Overview
On August 2 2023, SCOTTS MIRACLE-GRO ($NYSE:SMG) released their earnings report for the third quarter of FY2023, showing a total revenue of USD 1118.7 million – a decrease of 5.7% from the previous year. Net income for this period was an impressive USD 43.7 million, representing an impressive growth of 109.8% compared to the same period last year.
Analysis – Scotts Miracle-gro Intrinsic Value Calculator
GoodWhale’s analysis of SCOTTS MIRACLE-GRO‘s fundamentals shows that the company is trading at a significant discount. Our proprietary Valuation Line estimates the fair value of SCOTTS MIRACLE-GRO shares to be around $100.7. Currently, the stock is trading at $57.9, which is 42.5% below the estimated fair value. This presents an opportunity for investors to buy shares of SCOTTS MIRACLE-GRO and potentially make a strong return in the future. SCOTTS MIRACLE-GRO is known for producing lawn and garden products, such as fertilizers and soil amendments, and is currently one of the leading brands in the industry. The company’s strong brand recognition coupled with its consistent revenue growth makes it a desirable investment opportunity. Moreover, SCOTTS MIRACLE-GRO has a proven track record of delivering returns and is sought after by investors due to its stable operations and reliable cash flow. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Scotts Miracle-gro. More…
| Total Revenues | Net Income | Net Margin |
| 3.67k | -131.7 | -2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Scotts Miracle-gro. More…
| Operations | Investing | Financing |
| 546.3 | 6.7 | -553.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Scotts Miracle-gro. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.45k | 4.32k | 2.4 |
Key Ratios Snapshot
Some of the financial key ratios for Scotts Miracle-gro are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.6% | -46.1% | 0.2% |
| FCF Margin | ROE | ROA |
| 12.5% | 4.0% | 0.1% |
Peers
The Scotts Miracle Gro Co. is a leading manufacturer and marketer of consumer products for do-it-yourself lawn and garden care. The company’s products are sold under the brand names Scotts, Miracle-Gro and Ortho. Nutrien Ltd., Potash America Inc., and CF Industries Holdings Inc. are all major competitors in the lawn and garden care industry.
– Nutrien Ltd ($TSX:NTR)
Nutrien Ltd. is a Canadian retail and wholesale fertilizer company with operations in North and South America, Australia, and Asia. The company is the largest provider of crop inputs and services in the world. Nutrien Ltd. has a market cap of 58.31B as of 2022, a Return on Equity of 23.76%. The company’s retail operations include more than 1,700 retail locations across North America, South America, and Australia. The company’s wholesale operations include a network of distribution facilities in North America, South America, Asia, and Australia. Nutrien Ltd. also has a joint venture with Sinochem Group, one of the largest chemical companies in China.
– Potash America Inc ($OTCPK:PTAM)
Potash America Inc is a fertilizer company that produces and sells potash, a key ingredient in many fertilizers. The company has a market cap of 297.25k as of 2022 and a return on equity of 144.09%. Potash America Inc is a publicly traded company on the OTC markets.
– CF Industries Holdings Inc ($NYSE:CF)
CF Industries Holdings, Inc., through its subsidiaries, engages in the manufacture and distribution of nitrogen fertilizers, and other nitrogen products in North America. It operates through Ammonia, Granular Urea, UAN, AN, Other, and Phosphates segments. The company offers ammonia, granular urea, urea ammonium nitrate, and nitric acid products. It also produces phosphate-based fertilizers, including diammonium phosphate, monoammonium phosphate, and nitrogen phosphates. The company sells its products directly to retailers, farmers, and cooperatives, as well as through dealers and distributors. CF Industries Holdings, Inc. was incorporated in 1946 and is headquartered in Deerfield, Illinois.
Summary
Investing in SCOTTS MIRACLE-GRO has been a challenging decision for many investors. The company recently reported their FY2023 Q3 earnings, which showed a 5.7% decrease in total revenue from the same period in the previous year. Despite the increase in net income, its stock price dropped on the same day of the announcement.
Investing in SCOTTS MIRACLE-GRO still requires careful consideration and research before making any decisions. Analysts must evaluate the company’s long-term plans, competitive landscape, and management’s ability to deliver on their objectives in order to make informed investment decisions.
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