Cato Corporation Intrinsic Value Calculator – CATO CORPORATION Reports Second Quarter FY2024 Earnings Results for July 31 2023

August 26, 2023

🌥️Earnings Overview

CATO CORPORATION ($NYSE:CATO) announced its financial results for the second quarter of FY2024, which ended on July 31 2023, on August 23 2023. Total revenue for the quarter fell by 7.1%, to USD 182.9 million, when compared to the same period in the previous year. Nevertheless, net income surged 149.8%, totaling USD 1.1 million, compared to the prior year.

Stock Price

On Wednesday, the stock opened at $7.7 and closed at $7.8, a 1.4% increase from the last closing price of 7.7. This marks a positive trend for CATO CORPORATION stock and suggests that investors are confident in the company’s performance. This is a 7% increase in revenue from the same period last year.

Overall, these results demonstrate that CATO CORPORATION is committed to driving growth and achieving sustained profitability for its investors. The company’s second quarter earnings report further reinforces investor confidence in CATO CORPORATION’s future prospects. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Cato Corporation. More…

    Total Revenues Net Income Net Margin
    730.6 -1.77 -0.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Cato Corporation. More…

    Operations Investing Financing
    17.97 29.68 -21.89
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Cato Corporation. More…

    Total Assets Total Liabilities Book Value Per Share
    507.67 282.13 10.95
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Cato Corporation are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    3.9% 9.4% -0.6%
    FCF Margin ROE ROA
    0.1% -1.2% -0.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Cato Corporation Intrinsic Value Calculator

    At GoodWhale, we have conducted an in-depth analysis of CATO CORPORATION‘s fundamentals. We have determined that, according to our proprietary Valuation Line, the fair value of the CATO CORPORATION share is approximately $13.6. Currently, CATO CORPORATION stock is being traded at $7.8, indicating that it is currently undervalued by a sizeable 42.7%. We believe that this presents an attractive opportunity for investors. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The competition between The Cato Corp and its competitors, Bauhaus International (Holdings) Ltd, Rent the Runway Inc, and Urban Outfitters Inc, is fierce in the fashion and apparel industry. With each company striving to stay at the top of their game in terms of product quality, customer service, and competitive prices, the competition has become a race to offer the best value for consumers.

    – Bauhaus International (Holdings) Ltd ($SEHK:00483)

    Bauhaus International (Holdings) Ltd is an international company that specializes in providing innovative design solutions for architecture, interior design, and product design. The company has a market cap of 198.39M as of 2022, making it one of the largest companies in its sector. The company has also achieved a very impressive Return on Equity (ROE) of 45.16%, which is higher than the industry average and indicates that the company is making good use of its shareholders’ investments. The strong market cap and ROE of Bauhaus International (Holdings) Ltd demonstrate the company’s financial health and its ability to generate returns for its shareholders.

    – Rent the Runway Inc ($NASDAQ:RENT)

    Rent the Runway Inc is an online service that allows customers to rent designer apparel and accessories, primarily for special occasions. The company is currently valued at 194.42M and has an impressive 897.88% Return on Equity. This indicates that the company is well-managed and able to generate a large amount of revenue from its investments. This is likely due to their focus on customer experience and innovation, as well as their business model which allows customers to rent high-end clothing for a fraction of the retail price. The company’s market cap and ROE demonstrate their success in the fashion rental industry.

    – Urban Outfitters Inc ($NASDAQ:URBN)

    Urban Outfitters Inc is a lifestyle retail company that specializes in apparel, accessories, and home d├ęcor. As of 2022, the company has a market cap of 2.22 billion dollars and a Return on Equity (ROE) of 8.7%. The market cap is an indication of how much the company is worth in the stock market. The ROE is an important metric that measures how well a company is able to generate profits from its shareholders’ investments. Urban Outfitters Inc has shown strong performance in both of these areas, which is a testament to the company’s overall success.

    Summary

    CATO Corporation reported their second quarter earnings for FY2024, showing total revenue of USD 182.9 million, down 7.1% from the prior year.

    However, net income was up 149.8% year-on-year, totaling USD 1.1 million. Investors should consider the decrease in revenue but be confident in the increase in net income, particularly in light of the difficult economic climate of the past year. CATO Corporation appears to have successfully managed their costs and steered their business to profitability. Some additional research into CATO Corporation’s strategy and performance may be warranted in order to make a more informed investment decision.

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