ZGN Intrinsic Stock Value – ERMENEGILDO ZEGNA N.V Reports Second Quarter Earnings for Fiscal Year 2023
September 21, 2023
🌥️Earnings Overview
On September 13, 2023, ERMENEGILDO ZEGNA N.V ($NYSE:ZGN) declared its earnings for the second quarter of the 2023 fiscal year. This quarter showcased a total revenue of EUR 903.1 million, a 23.9% increase from the same quarter in the prior year. Net income for the second quarter was EUR 46.0 million, compared to EUR 14.0 million of the previous year.
Price History
The stock opened at $15.0 on Wednesday and closed at $14.1, down by 2.8% from the previous closing price of $14.5. This decline in the share price may be attributed to the weak financial results reported by the company during the quarter. In addition to the second quarter earnings report, ERMENEGILDO ZEGNA N.V also announced their plans to open stores in India and Europe in the coming year.
This strategy is expected to drive further growth for the brand and contribute towards increasing their global market share. Overall, investors were disappointed with the company’s performance during the second quarter and indicated that they will be closely monitoring the company’s progress in order to decide whether to invest in the company in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ZGN. More…
| Total Revenues | Net Income | Net Margin |
| 1.67k | 83.41 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ZGN. More…
| Operations | Investing | Financing |
| 225.61 | 18.28 | -327.44 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ZGN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.67k | 1.86k | 3.05 |
Key Ratios Snapshot
Some of the financial key ratios for ZGN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.2% | 13.6% | 9.3% |
| FCF Margin | ROE | ROA |
| 8.8% | 13.4% | 3.6% |
Analysis – ZGN Intrinsic Stock Value
At GoodWhale, we’ve conducted an analysis on ERMENEGILDO ZEGNA N.V’s financials. Our proprietary Valuation Line calculates the fair value of ERMENEGILDO ZEGNA N.V’s share to be around $12.5. Currently, the stock of ERMENEGILDO ZEGNA N.V is traded at $14.1, which is a 13.0% premium over the fair value. We believe that this price is slightly overvalued and suggest investors to watch the stock closely for any further changes in price. More…
Peers
Ermenegildo Zegna NV is one of the most well-known and respected fashion brands in the world. The company has been in business for over 100 years and has built a reputation for quality and luxury. Zegna is headquartered in Italy and has a strong presence in Europe and the United States. The company’s main competitors are Dazzle Fashion Co Ltd, Adolfo Dominguez SA, BIEM.L.FDLKK Garment Co Ltd.
– Dazzle Fashion Co Ltd ($SHSE:603587)
Dazzle Fashion Co Ltd is a publicly traded company with a market capitalization of 6.76 billion as of 2022. The company has a return on equity of 11.66%. Dazzle Fashion Co Ltd is a leading fashion retailer in China with over 1,500 stores across the country. The company offers a wide range of products including apparel, accessories, and home furnishings.
– Adolfo Dominguez SA ($LTS:0DGZ)
Adolfo Dominguez SA is a Spanish fashion retailer. The company operates in Spain, Portugal, the United States, Mexico, Colombia, and Peru. It offers a range of products for men, women, and children, including clothing, footwear, and accessories. Adolfo Dominguez SA was founded in 1976 and is headquartered in A Coruña, Spain.
The company’s market cap is 34.96M as of 2022. The company has a Return on Equity of -54.6%.
Adolfo Dominguez SA is a fashion retailer that offers a range of products for men, women, and children. The company operates in Spain, Portugal, the United States, Mexico, Colombia, and Peru. Adolfo Dominguez SA was founded in 1976 and is headquartered in A Coruña, Spain.
– BIEM.L.FDLKK Garment Co Ltd ($SZSE:002832)
Garment Co Ltd is a market leader in the garment industry, with a market cap of 13.09B as of 2022. The company has a strong focus on customer satisfaction and quality control, with a return on equity of 14.94%. Garment Co Ltd manufactures and sells a wide range of garments, including shirts, pants, dresses, and outerwear. The company also operates a number of retail stores across the country.
Summary
ERMENEGILDO ZEGNA N.V reported strong results for the second quarter of 2023, with total revenue increasing by 23.9% year-on-year to EUR 903.1 million. Net income also rose significantly, from EUR 14.0 million in the same quarter of the previous year to EUR 46.0 million this quarter. This suggests that the company is performing well and is well positioned to continue growing. Investors should take a closer look at ERMENEGILDO ZEGNA N.V to assess whether it is a good investment opportunity.
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