Lakeland Industries Intrinsic Stock Value – LAKELAND INDUSTRIES Reports Second Quarter Earnings Results for FY2024
September 8, 2023
🌥️Earnings Overview
On September 6 2023, LAKELAND INDUSTRIES ($NASDAQ:LAKE) released its financial results for the second quarter of FY2024, for the period ending July 31 2023. Total revenue increased significantly to USD 33.1 million, a 17.4% uptick from the prior year. Net income was also up, reported at USD 2.5 million compared to the prior year’s -0.9 million.
Price History
The company’s stock opened at $14.5 and closed at $13.9, a decrease of 3.7% from its prior closing price of 14.4. In addition, LAKELAND INDUSTRIES saw a decrease in revenue of 14% for the quarter compared to the prior year period, due to lower demand across their product portfolio. Despite this, the company was able to achieve operating margin improvements due to cost cutting initiatives implemented earlier in the year. Looking forward, LAKELAND INDUSTRIES remains cautiously optimistic that their investments in new product lines and digital capabilities will help them weather the current downturn and return to profitability in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lakeland Industries. More…
| Total Revenues | Net Income | Net Margin |
| 119.16 | 5.4 | 4.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lakeland Industries. More…
| Operations | Investing | Financing |
| 3.03 | -14.14 | -3.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lakeland Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 147.44 | 26.05 | 16.51 |
Key Ratios Snapshot
Some of the financial key ratios for Lakeland Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.4% | -32.3% | 6.6% |
| FCF Margin | ROE | ROA |
| 0.3% | 4.1% | 3.3% |
Analysis – Lakeland Industries Intrinsic Stock Value
At GoodWhale, we’ve conducted a comprehensive analysis of the wellbeing of LAKELAND INDUSTRIES. After our evaluation, we’ve determined that this company has an intrinsic value of around $24.1. This figure was calculated using our proprietary Valuation Line. As of writing, LAKELAND INDUSTRIES stock is traded at $13.9, which is an undervaluation of 42.4%. This presents an attractive investment opportunity for those looking to benefit from the company’s performance. More…
Peers
It is a publicly traded company on the Nasdaq stock exchange and has been in business since 1982. It competes in a highly competitive market which includes major players such as Calida Holding AG, Columbia Sportswear Co, and Win Hanverky Holdings Ltd. All of these competitors have a wide variety of products and services that are aimed at providing superior quality and protection in the protective apparel sector.
– Calida Holding AG ($LTS:0QP3)
Calida Holding AG is a Swiss-based firm that specializes in the design and production of innerwear and leisurewear. As of 2022, the company has a market capitalization of 395.42M and a Return on Equity (ROE) of 9.02%. This market capitalization indicates the company’s value in the stock market, while the ROE represents the profitability of the company as it relates to its equity. Calida Holding AG has been successful in creating innovative products for its customers and has established itself as a leader in the industry.
– Columbia Sportswear Co ($NASDAQ:COLM)
Columbia Sportswear Co is a global apparel, footwear, and accessories company. The company designs, sources, markets, and distributes a wide variety of products to a variety of retailers around the world. As of 2022, the company has a market cap of 5.46B, which indicates a strong financial standing. Additionally, its Return on Equity (ROE) is 16.21%, which is indicative of the company’s strong profitability. Columbia Sportswear Co has a long history of success in the industry and continues to be a leader in the global apparel market.
– Win Hanverky Holdings Ltd ($SEHK:03322)
Hanverky Holdings Ltd is a leading manufacturer of integrated industrial automation solutions, providing high-end industrial products and services to customers throughout the world. The company has a market capitalization of 294.13M as of 2022, which ranks it as one of the largest publicly traded companies on the market. Additionally, the company’s return on equity was -2.15%, indicating that it has been underperforming in terms of generating returns for its shareholders. Hanverky Holdings Ltd is committed to delivering superior products and services that meet or exceed customer expectations, and is constantly looking for ways to improve the efficiency and effectiveness of its operations.
Summary
Investors in Lakeland Industries are likely encouraged by the company’s second quarter earnings results for FY2024. Total revenue increased by 17.4% compared to the same period a year ago and net income rose to USD 2.5 million from -0.9 million in the prior year. Despite these positive results, the stock price of the company moved down on the same day of the announcement, suggesting that investors may be concerned about future performance or have other reservations. As such, it is important to consider the long-term outlook of the company before investing.
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