Masco Corporation Stock Fair Value Calculation – State of Alaska Department of Revenue Reduces Stake in Masco Corporation by 0.5%
July 9, 2023
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Masco Corporation ($NYSE:MAS) is a major American manufacturer of home improvement and building products. This diversified company produces a variety of products, such as cabinetry, plumbing products, decorative products, and building materials. Recently, the State of Alaska Department of Revenue reported that it had reduced its ownership in Masco Corporation shares by 0.5% during the first three months of the year. This marks a subtle decline in the support that Alaska has for the company. Despite the decrease in ownership, it is important to note that Alaska still holds a significant amount of Masco Corporation shares.
Analysts generally agree that the reduction of ownership is not indicative of a lack of confidence in the company. The long-term outlook for Masco Corporation remains strong due to its diversified portfolio of products and its stable customer base. With a strong balance sheet and experienced management team, Masco Corporation looks to remain a leader in the home improvement and building products industry.
Earnings
In the earning report of FY2023 Q1 ending March 31 2021, MASCO CORPORATION reported a total revenue of 1970.0M USD and a net income of 88.0M USD. Compared to the same period the previous year, this represents a decrease of 10.5% in total revenue, and a decrease of 62.4% in net income. This decision has been based on the company’s recent earnings report, which showed a decreased growth compared to previous years. The department will continue to monitor the company’s financial performance before deciding to further reduce or increase its stake in the company.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Masco Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 8.46k | 813 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Masco Corporation. More…
| Operations | Investing | Financing |
| 1.1k | -263 | -801 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Masco Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.43k | 5.55k | -0.62 |
Key Ratios Snapshot
Some of the financial key ratios for Masco Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.7% | 4.8% | 14.9% |
| FCF Margin | ROE | ROA |
| 10.0% | -254.4% | 14.5% |
Analysis – Masco Corporation Stock Fair Value Calculation
At GoodWhale, we have been looking into the financials of MASCO CORPORATION. After careful examination, we have concluded that the intrinsic value of the company’s share is around $62.6, as calculated by our proprietary Valuation Line. Currently, MASCO CORPORATION shares are trading at $56.8 – a fair price but one that could be considered undervalued by 9.2%. This discrepancy could present an opportunity for investors willing to take a chance on MASCO CORPORATION. More…
Peers
Masco Corp is one of the world’s leading manufacturers of building products, including windows, doors, cabinets, plumbing, and architectural hardware. The company has a wide array of competitors, including Builders FirstSource Inc, Eurocell PLC, and Nihon Flush Co Ltd.
– Builders FirstSource Inc ($NYSE:BLDR)
Builders FirstSource Inc is a leading supplier of building products, services and solutions in the United States. The company has a market cap of 8.79B as of 2022 and a return on equity of 44.89%. The company’s products and services include lumber, millwork, doors, windows, engineered wood products, trusses, wall panels, roofing, siding, decking, stairs and more. The company operates through its network of over 400 locations across 40 states.
– Eurocell PLC ($LSE:ECEL)
Eurocell PLC is a market leader in the design, manufacture, and distribution of PVC-U products for the construction industry in the United Kingdom. The company has a market cap of 151.89M as of 2022 and a Return on Equity of 17.32%. Eurocell PLC’s products are used in a variety of applications, including windows, doors, conservatories, roofline products, and fascias. The company’s products are manufactured to the highest standards and are backed by a comprehensive warranty.
– Nihon Flush Co Ltd ($TSE:7820)
Nihon Flush Co Ltd is a Japanese company that manufactures and sells toilets and other bathroom fixtures. The company has a market cap of 24.48B as of 2022 and a Return on Equity of 10.59%. Nihon Flush Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange.
Summary
Masco Corporation is a US-based company that manufactures, distributes, and installs home improvement and building products. Recently, the State of Alaska Department of Revenue decreased its stake in Masco Corporation’s shares by 0.5% during the first quarter of the year. This indicates that investors may be uncertain about the company’s future prospects, making it an ideal opportunity to carry out a thorough analysis of the company’s financial health and performance. Investors should consider studying Masco’s income statements, balance sheets, cash flow statements, competitive landscape, and other related information to make an informed decision before investing in the company.
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