NX Intrinsic Value – QUANEX BUILDING PRODUCTS Reports 4th Quarter Earnings Results for Fiscal Year 2023

🌥️Earnings Overview

QUANEX BUILDING PRODUCTS ($NYSE:NX) reported their fourth quarter earnings for the fiscal year ending December 14, 2023 on October 31, 2023. Their total revenue was USD 295.5 million, a decrease of 3.9% compared to the previous year; however, net income was up 11.0%, totaling USD 27.4 million.

Market Price

The company’s stock opened at $33.9 and closed at $34.7, up by 4.4% from previous closing price of 33.2. This marked a significant increase in the company’s stock price and was met with positive investor sentiment. This increase in net income was attributed to strong demand for the company’s products and cost-saving initiatives implemented over the course of the fiscal year. The results of the fourth quarter have further solidified QUANEX BUILDING PRODUCTS as a leader in the building products industry.

The company’s commitment to providing high quality products and services has enabled to consistently deliver strong earnings results. With the strong financial performance in fiscal year 2023, the company is well-positioned to continue to drive growth and create value for its shareholders in the years to come. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis – NX Intrinsic Value

At GoodWhale, we have conducted an in-depth analysis of QUANEX BUILDING PRODUCTS’ fundamentals. After crunching the numbers, our proprietary Valuation Line tool has yielded a fair value of approximately $24.6 for the company’s stock. However, the current stock price of $34.7 means that QUANEX BUILDING PRODUCTS is trading at a 41.0% premium to its fair value. This indicates that it is currently overvalued and could potentially be a good target for short selling. More…

Peers

The company competes with Nihon Flush Co Ltd, PGT Innovations Inc, and Better Life Group in the global market for energy-efficient building products. Quanex Building Products Corp has a strong market position in the United States and Europe, and is expanding its presence in Asia.

– Nihon Flush Co Ltd ($TSE:7820)

Nihon Flush Co Ltd is a Japanese company that manufactures and sells plumbing fixtures and other related products. The company has a market capitalization of 23.73 billion 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.

– PGT Innovations Inc ($NYSE:PGTI)

PGT Innovations, Inc. engages in the designing, manufacturing, and distribution of impact-resistant windows and doors. It operates through the following segments: Residential and Commercial. The Residential segment offers aluminum and vinyl windows and doors for new construction, remodeling, and replacement applications. The Commercial segment provides aluminum windows and doors for institutional, office, healthcare, hospitality, government, and other commercial applications. The company was founded in 1980 and is headquartered in North Venice, FL.

– Better Life Group ($TWSE:1805)

The company has a market cap of 1.1 billion as of 2022 and a return on equity of -2.76%. The company is engaged in the business of providing life insurance and annuity products. The company has a strong presence in the US life insurance market and is one of the leading providers of life insurance and annuity products in the country.

Summary

QUANEX BUILDING PRODUCTS reported their earnings results for the fourth quarter of their fiscal year ending December 14, 2023, showing a decrease in total revenue of 3.9% compared to the same period last year, but an increase in net income of 11.0%. The stock price responded positively the same day. Investing in QUANEX BUILDING PRODUCTS may be a good option for investors looking for a company with strong financial performance and growth potential.

The decrease in revenue is concerning, but the increase in net income suggests that the company is making strategic changes to remain competitive in the market. Investors should also consider the long-term outlook, as QUANEX BUILDING PRODUCTS may be positioned to benefit from an increase in demand in the future.