Chico’s Fas Stock Intrinsic Value – CHICO’S FAS Reports Earnings Results for Second Quarter of FY2024
September 2, 2023
🌥️Earnings Overview
CHICO’S FAS ($NYSE:CHS) reported their earnings results for the second quarter of FY2024, with a comparison to the same period from FY2023. Total revenues decreased by 2.4%, coming in at USD 545.1 million, however net income increased by 41.4% to USD 59.3 million.
Market Price
The company’s stock opened at $5.3 and closed at $5.2; this was a 1.2% increase from the previous closing price of $5.1. This increase was attributed to strong sales, higher margins, and better-than-expected earnings from the company’s clothing and accessories business. The company reported total revenue of $1.2 billion for the quarter, a 5% increase over the prior year period. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Chico’s Fas. More…
| Total Revenues | Net Income | Net Margin |
| 2.12k | 131.2 | 6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Chico’s Fas. More…
| Operations | Investing | Financing |
| 128.22 | -54.65 | -101.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Chico’s Fas. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.24k | 820.69 | 3.36 |
Key Ratios Snapshot
Some of the financial key ratios for Chico’s Fas are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.9% | 15.1% | 6.5% |
| FCF Margin | ROE | ROA |
| 3.6% | 22.5% | 7.0% |
Analysis – Chico’s Fas Stock Intrinsic Value
At GoodWhale, we conducted a fundamental analysis of CHICO’S FAS and the results are quite interesting. According to our proprietary Valuation Line, the intrinsic value of a CHICO’S FAS share is around $5.2. So, we believe that the current market price of CHICO’S FAS stock, which is also around $5.2, is fair and there is no need to make any additional changes to its price. More…
Peers
The company’s stores are located in 47 states, the District of Columbia, and Puerto Rico. Chico’s FAS Inc. also operates two brands under license – White House | Black Market and Soma Intimates. Chico’s FAS Inc’s main competitors are Tilly’s Inc, C’sMEN Co Ltd, and Cache Inc.
– Tilly’s Inc ($NYSE:TLYS)
With a market cap of $280.33 million as of 2022, Tilly’s Inc has a return on equity of 19.35%. Tilly’s Inc is a specialty retailer of casual apparel, footwear and accessories for young adults and kids. The company operates over 200 stores across the United States.
– C’sMEN Co Ltd ($TSE:3083)
As of 2022, C’sMEN Co Ltd has a market cap of 1.44B and a Return on Equity of -12.39%. The company is engaged in the business of manufacturing and selling men’s clothing.
– Cache Inc ($OTCPK:CACH)
As of 2022, Cache Inc has a market cap of 198.64k. The company has a Return on Equity of -256.38%. The company operates in the retail industry and focuses on selling apparel and accessories.
Summary
Investors may be encouraged by CHICO’S FAS’ second quarter results for FY2024. Despite a slight decrease in total revenue, net income increased significantly by 41.4%. This increased profitability in the face of challenging market conditions indicates that the company is in a strong financial position and has been able to weather the economic downturn. Such strong performance suggests that investors may be able to find attractive opportunities in the company for long-term returns.
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