Masonite International Stock Fair Value – MASONITE INTERNATIONAL Reports Second Quarter Earnings Results for FY2023
August 27, 2023
🌥️Earnings Overview
Masonite International ($NYSE:DOOR) released its earnings results for the second quarter of the fiscal year 2023, which concluded on June 30, 2023. The total revenue came in at USD 741.9 million, representing a decrease of 2.6% when compared to the same period in the previous year. Net income reported was USD 48.2 million, a 17.6% decline compared to the same period in the prior year.
Market Price
The company saw a significant decrease in their stock prices, with the stock opening at $103.1 and closing at $101.8, a 2.6% decrease from the prior closing price of 104.5. Despite the overall decrease in stock prices, analysts are optimistic about MASONITE INTERNATIONAL’s long-term prospects. The company attributes this success to their strong focus on customer service and quality products, as well as their ability to attract new customers in emerging markets. The company is looking forward to continuing its positive momentum in the coming quarters.
They are investing heavily in new product development and increasing their marketing efforts to reach a wider consumer base. MASONITE INTERNATIONAL is confident that these efforts will help them to achieve even greater success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Masonite International. More…
| Total Revenues | Net Income | Net Margin |
| 2.87k | 174.87 | 6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Masonite International. More…
| Operations | Investing | Financing |
| 372.89 | -480.68 | 192.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Masonite International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.68k | 1.85k | 37.24 |
Key Ratios Snapshot
Some of the financial key ratios for Masonite International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | 13.0% | 9.8% |
| FCF Margin | ROE | ROA |
| 8.4% | 22.2% | 6.6% |
Analysis – Masonite International Stock Fair Value
At GoodWhale, we have performed an analysis of MASONITE INTERNATIONAL‘s financials. Our proprietary Valuation Line has calculated the fair value of MASONITE INTERNATIONAL share to be around $113.9. However, the stock is currently trading at $101.8, which is undervalued by 10.6%. We believe that investors should take advantage of the current market conditions and acquire the stock at a relatively low price. More…
Peers
Masonite International Corp is one of the world’s largest manufacturers of interior and exterior doors. The company operates in North America, Europe, Asia, and South America. Its competitors include Sanwa Holdings Corp, JELD-WEN Holding Inc, and Caesarstone Ltd.
– Sanwa Holdings Corp ($TSE:5929)
Sanwa Holdings Corporation is a Japanese financial services holding company headquartered in Osaka. The company provides a wide range of financial services including banking, securities, insurance, and leasing. Sanwa is one of the largest banks in Japan in terms of assets and deposits. It also has a strong presence in the securities industry. The company’s return on equity was 10.49% as of 2022.
– JELD-WEN Holding Inc ($NYSE:JELD)
JELD-WEN Holding Inc is a leading international manufacturer and marketer of doors and windows. The company operates in three segments: North America, Europe, and Asia Pacific. JELD-WEN Holding Inc has a market capitalization of 917.59M as of 2022 and a return on equity of 15.81%. The company has a diversified product portfolio that includes interior and exterior doors, windows, and millwork products. JELD-WEN Holding Inc is headquartered in Charlotte, North Carolina, USA.
– Caesarstone Ltd ($NASDAQ:CSTE)
Caesarstone Ltd is a manufacturer of quality engineered quartz surfaces. Its market cap as of 2022 is 245.66M. Its ROE is 1.93%. The company has a wide range of colors and styles to choose from and has a reputation for quality and durability.
Summary
Masonite International reported their second quarter FY2023 earnings with total revenue of USD 741.9 million, a 2.6% decrease year-on-year. Net income was USD 48.2 million, a 17.6% decrease compared to the same period last year. This indicates that the company is facing decreased demand and profitability in the current environment and investors should consider this when evaluating the potential for returns.
Masonite International’s balance sheet and cash flows should be closely monitored in order to gain a comprehensive understanding of its financial health. The stock market and analyst estimates should also be monitored to better gauge the company’s prospects.
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