Latham Group Intrinsic Value Calculation – LATHAM GROUP Reports 14.3% Decrease in Total Revenue for Quarter Ended June 30 2023
August 27, 2023
🌥️Earnings Overview
For the quarter ended June 30 2023, LATHAM GROUP ($NASDAQ:SWIM) reported a total revenue of USD 177.1 million, a decrease of 14.3% from the same quarter the previous year. Net income for the same quarter was USD 5.7 million, a 33.0% increase year-on-year.
Analysis – Latham Group Intrinsic Value Calculation
GoodWhale conducted an analysis of LATHAM GROUP‘s wellbeing, and found a fair value of their stock to be around $12.1. Our proprietary Valuation Line was used to make this calculation. Currently, LATHAM GROUP stock is traded at $4.4, meaning it is significantly undervalued by 63.7%. This presents a great buying opportunity for potential investors looking to take advantage of a discounted stock price. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Latham Group. More…
| Total Revenues | Net Income | Net Margin |
| 612.17 | -15.81 | -2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Latham Group. More…
| Operations | Investing | Financing |
| 83.68 | -51.27 | -11.55 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Latham Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 871.14 | 484.94 | 3.37 |
Key Ratios Snapshot
Some of the financial key ratios for Latham Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.8% | 6.1% | 2.5% |
| FCF Margin | ROE | ROA |
| 6.1% | 2.5% | 1.1% |
Peers
It has a strong competition with GMS Inc, Volution Group PLC, Armstrong Flooring Inc. Latham Group Inc has been able to maintain its position as the top company in the industry by offering a wide range of products, innovative designs, and excellent customer service.
– GMS Inc ($NYSE:GMS)
GMS Inc is a leading global provider of integrated facility solutions. It has a market cap of 1.97B as of 2022 and a return on equity of 26.33%. The company provides a comprehensive range of services to customers in the commercial, industrial, institutional and governmental sectors. Services include janitorial, security, landscaping, maintenance, engineering, construction and project management.
– Volution Group PLC ($LSE:FAN)
Evoqua Water Technologies PLC provides water treatment solutions and services in the United States, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company operates through Americas, Europe, and International segments. It offers a suite of product solutions to support its customers’ full water lifecycle needs, including water intake, desalination, wastewater treatment, water reuse, and industrial water treatment. The company also provides operations, maintenance, and service support for its customers through a global network of service technicians and mobile service assets. In addition, it offers mobile water and wastewater solutions for temporary or emergency needs. The company serves municipal, commercial, and industrial customers. Evoqua Water Technologies PLC was founded in 2008 and is headquartered in Warrendale, Pennsylvania.
Summary
LATHAM GROUP reported total revenue of USD 177.1 million for the quarter ended June 30 2023, a 14.3% decrease from the same period in the prior year. Despite this decrease in revenue, the company saw a 33.0% increase in net income, totaling USD 5.7 million. This news sent the stock price up on the same day, indicating that investors have faith in the company’s ability to perform well in this difficult economy. With strong profits and a positive outlook for future earnings, LATHAM GROUP is a good investment opportunity for those looking to invest in a robust company.
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