Scotts Miracle-gro Stock Fair Value – Alaska Department of Revenue Increases Investment in Scotts Miracle-Gro, Boosting Company’s Position

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The Scotts ($NYSE:SMG) Miracle-Gro Company, also known as simply Scotts, is a multinational corporation that specializes in gardening and lawn care products. Recently, Scotts received a significant boost in its position from the State of Alaska Department of Revenue. According to an article by Defense World, the department has increased its investment in the company, leading to a positive impact on Scotts’ overall position in the market. This news has been welcomed by investors and analysts alike, with many seeing it as a positive sign for the company’s future growth and success. This move also speaks to the department’s confidence in Scotts’ business model and its ability to deliver consistent returns on investment. With this increased investment, Scotts now has even more resources at its disposal to continue developing innovative products and expanding its reach in the gardening and lawn care market.

Furthermore, this boost in position could also have a ripple effect on Scotts’ stock price, potentially attracting more investors and driving up demand for the company’s shares. This, in turn, could lead to further growth and stability for Scotts in the long term. Overall, the State of Alaska Department of Revenue’s increased investment in Scotts Miracle-Gro is a positive development for the company and its stakeholders. It not only showcases the company’s strong performance but also provides a vote of confidence in its future prospects.

Earnings

This decision has significantly boosted the company’s position and has caught the attention of investors and analysts alike. According to the latest earnings report for FY2024 Q1, which covers the period of December 31, 2023, SCOTTS MIRACLE-GRO recorded a total revenue of 410.4 million USD.

However, the company reported a net loss of 80.5 million USD during this period. While this may seem like a concerning figure, it is important to note that this is a 0.0% decrease in total revenue compared to the previous year. This indicates that the company has been able to maintain its revenue despite facing challenges. Interestingly, over the last three years, SCOTTS MIRACLE-GRO’s total revenue has remained constant at 410.4 million USD. This consistency in revenue demonstrates the stability and resilience of the company, even during times of economic uncertainty. This move not only provides financial support to the company but also reflects the department’s belief in the company’s long-term success. With this increased investment, SCOTTS MIRACLE-GRO will be able to strengthen its position in the industry and continue to innovate and expand its product offerings. This will not only benefit the company but also its customers and stakeholders. Overall, the announcement of the Alaska Department of Revenue’s increased investment in SCOTTS MIRACLE-GRO is great news for the company and its investors. It showcases the company’s stability and potential for growth, which bodes well for its future performance.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Scotts Miracle-gro. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Scotts Miracle-gro. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Scotts Miracle-gro. More…

Key Ratios Snapshot

Some of the financial key ratios for Scotts Miracle-gro are shown below. More…

Market Price

This move has caused a stir in the investment world, with many speculating on the potential impact it may have on the company’s stock performance. On Friday, Scotts Miracle-Gro‘s stock opened at $73.47 and closed at $72.6, experiencing a slight dip of 0.53% from the previous day’s closing price of $72.99. While this decrease may raise some concerns for investors, it should be noted that the overall trend for the company’s stock has been positive in recent years. Firstly, it shows a strong vote of confidence in the company’s potential for growth and success. With the backing of a government agency, investors may feel more secure in their own investments in the company. Furthermore, this increased investment is expected to boost Scotts Miracle-Gro’s position in the market. As one of the leading lawn and garden companies, the company already has a strong foothold in the industry.

With additional financial support from the Alaska Department of Revenue, it is likely that Scotts Miracle-Gro will be able to further expand its reach and offerings, solidifying its position as a top player in the market. This news also bodes well for the company’s future prospects. With the current uncertainties in the economy and market, having a government agency invest in Scotts Miracle-Gro is a testament to the company’s stability and potential for long-term success. In conclusion, the Alaska Department of Revenue’s decision to increase its investment in Scotts Miracle-Gro is a positive development for both the company and its investors. With a strong vote of confidence from a government agency and the potential for further growth and expansion, Scotts Miracle-Gro’s position in the market is set to be boosted significantly. Investors should keep a close eye on the company’s stock performance in the coming weeks as the effects of this increased investment may become more apparent. Live Quote…

Analysis – Scotts Miracle-gro Stock Fair Value

At GoodWhale, we pride ourselves on conducting thorough and comprehensive analyses of companies to provide accurate assessments of their well-being. Recently, we took a closer look at SCOTTS MIRACLE-GRO and evaluated its overall financial health. One of the key findings of our analysis is that the fair value of SCOTTS MIRACLE-GRO’s share is estimated to be around $80.3. This value was calculated using our proprietary Valuation Line, which takes into account various financial factors and market trends to determine a fair price for a company’s stock. Currently, SCOTTS MIRACLE-GRO’s stock is trading at $72.6, which means it is undervalued by approximately 9.5% based on our calculations. This suggests that the stock has potential for growth and could be a good investment opportunity for those looking to add it to their portfolio. In conclusion, our analysis shows that SCOTTS MIRACLE-GRO is in a strong financial position and has room for growth. Investors may want to consider taking advantage of the current undervaluation of its stock and potentially see positive returns in the future. More…

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

The State of Alaska Department of Revenue has recently increased its position in The Scotts Miracle-Gro Company, a well-known company in the defense industry. This move indicates the state’s confidence in the company and its potential for growth. The company has seen positive financial performance in recent years, with a steady increase in revenue and net income.

Additionally, Scotts Miracle-Gro has a strong presence in the market and a solid reputation among consumers. This suggests that it could be a profitable investment option for individuals or institutions looking to diversify their portfolio. Overall, the State of Alaska’s investment in the company reflects its positive outlook on the future of Scotts Miracle-Gro.