Scotts Miracle-gro Stock Fair Value Calculator – SCOTTS MIRACLE-GRO Reports Strong Q3 Earnings for FY2023
August 14, 2023
☀️Earnings Overview
On August 2 2023, SCOTTS MIRACLE-GRO ($NYSE:SMG) reported its earnings results for the third quarter of FY2023, which ended June 30 2023. The company witnessed total revenue of USD 1118.7 million, a 5.7% drop compared to the same period in the previous year. Nevertheless, net income rose by 109.8% year-on-year, resulting in USD 43.7 million.
Price History
On Wednesday, Scotts Miracle-Gro, the leading manufacturer of lawn and garden products, reported strong third quarter earnings for their fiscal year 2023. This impressive quarter has led the company to an impressive year thus far. Despite this impressive news, the stock price for Scotts Miracle-Gro opened at $60.0 and closed at $57.9, plunging by 19.0% from the last closing price of 71.4. This was likely caused by investors taking profits, as well as concerns about future earnings prospects due to the current economic climate. Still, analysts are optimistic that the company will continue to produce impressive results in the fourth quarter and beyond.
Overall, Scotts Miracle-Gro has had a strong third quarter in terms of earnings and revenue growth. Despite the recent decline in stock price, analysts remain confident that the company’s future looks bright. Investors should keep an eye on the company’s performance and adjust their portfolios accordingly. Live Quote…
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% |
Analysis – Scotts Miracle-gro Stock Fair Value Calculator
At GoodWhale, we believe in the power of thorough analysis of a company’s fundamentals. That is why we use our proprietary Valuation Line to calculate the fair value of each stock. When it comes to SCOTTS MIRACLE-GRO, our Valuation Line indicates that its fair value per share is around $100.1. However, at the current market rate, SCOTTS MIRACLE-GRO is trading at $57.9, which means it is undervalued by 42.1%. This presents investors with an attractive opportunity to purchase the stock at a discounted rate. More…
Peers
The Scotts Miracle Gro Co. is a leading manufacturer and marketer of consumer products for do-it-yourself lawn and garden care. The company’s products are sold under the brand names Scotts, Miracle-Gro and Ortho. Nutrien Ltd., Potash America Inc., and CF Industries Holdings Inc. are all major competitors in the lawn and garden care industry.
– Nutrien Ltd ($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
SCOTTS MIRACLE-GRO reported its earnings results for the third quarter ending June 30, 2023 on August 2, 2023. Total revenue was USD 1118.7 million, a decrease of 5.7% year-on-year.
However, net income saw an increase of 109.8%, amounting to USD 43.7 million. Despite the positive earnings results, SCOTTS MIRACLE-GRO’s stock price fell the same day. This could be due to investors expecting higher revenue growth or being disappointed with the decreased revenue. As such, investors must pay close attention to the company’s performance in the upcoming quarters and assess their investment accordingly.
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