Carter’s Stock Intrinsic Value – CARTER’S Reports Impressive Earnings Results for Fiscal Year 2023 Second Quarter
August 12, 2023
☀️Earnings Overview
On July 28 2023, CARTER’S ($NYSE:CRI) reported their second quarter fiscal year 2023 earnings results (ending June 30 2023), showing a decrease in total revenue of 14.3% year over year to USD 600.2 million and a 35.4% decrease in net income to USD 23.9 million.
Share Price
The company’s stock opened at $74.5 and closed at $75.5, up by 1.1% from previous closing price of 74.7. Overall, CARTER’S impressive results for the quarter demonstrate the company’s solid financial footing and ability to sustain growth in a challenging business climate. With the right strategy in place and its strong balance sheet, the company is poised to capitalize on its success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carter’s. More…
| Total Revenues | Net Income | Net Margin |
| 3.03k | 201.75 | 7.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carter’s. More…
| Operations | Investing | Financing |
| 391.2 | -50.41 | -399.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carter’s. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.29k | 1.51k | 20.8 |
Key Ratios Snapshot
Some of the financial key ratios for Carter’s are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.0% | 4.8% | 9.8% |
| FCF Margin | ROE | ROA |
| 11.3% | 23.6% | 8.1% |
Analysis – Carter’s Stock Intrinsic Value
At GoodWhale, we provide analysis of the state of CARTER’S wellbeing. We have used our proprietary Valuation Line to calculate that the intrinsic value of CARTER’S share is around $119.2. Currently, CARTER’S stock is being traded at $75.5, which is below the intrinsic value by 36.7%. This could indicate that the stock is undervalued and presents an opportunity for potential investors. More…
Peers
The company’s competitors include Children’s Place Inc, Apranga APB, and Boot Barn Holdings Inc.
– Children’s Place Inc ($NASDAQ:PLCE)
Children’s Place Inc is a publicly traded company with a market capitalization of 506.93M as of 2022. The company’s return on equity is 55.72%. Children’s Place Inc is a specialty retailer of children’s apparel and accessories. The company operates through two segments: North America and Europe. Children’s Place Inc offers a variety of merchandise, including clothing, footwear, accessories, and gifts. The company was founded in 1969 and is headquartered in Secaucus, New Jersey.
– Apranga APB ($LTS:0KJF)
As of 2022, Apranga APB has a market cap of 103.12M. The company’s return on equity is 19.95%. Apranga APB is a Lithuanian clothing retail chain. The company was founded in 1989 and is headquartered in Vilnius, Lithuania. Apranga APB operates in Lithuania, Latvia, and Estonia. The company operates a chain of stores under the Apranga and APB brands. Apranga APB offers a range of clothing, footwear, and accessories for men, women, and children.
– Boot Barn Holdings Inc ($NYSE:BOOT)
As of 2022, Boot Barn Holdings Inc has a market cap of 1.71B and a Return on Equity of 23.87%. The company is a retailer of western and work-related footwear, apparel, and accessories for men, women, and children.
Summary
CARTER’S reported second quarter fiscal year 2023 earnings results on July 28, 2023, with total revenue of USD 600.2 million and net income of USD 23.9 million. Compared to the same period a year ago, revenue was down 14.3% and net income decreased by 35.4%. This performance has implications for investors, as it shows a decrease in both short-term and longer-term performance. CARTER’S will need to continue to seek ways to improve their bottom-line in order to attract investors.
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