Pgt Innovations Intrinsic Stock Value – PGT INNOVATIONS Reports Record Second Quarter Earnings for FY2023

🌥️Earnings Overview

On August 3, 2023, PGT INNOVATIONS ($NYSE:PGTI) reported their earnings results for the second quarter of FY2023, ending June 30 2023. Total revenue for the quarter was USD 384.9 million, representing a 5.3% decrease from the same period last year. Net income was USD 31.5 million, which was a decrease of 12.9% year-over-year.

Price History

Interestingly, despite the positive news, the stock price opened at $27.5 and closed at $26.1, representing a drop of 10.0% from the previous closing price of 29.0. The company’s CEO attributed the decline in the share price to the current market sentiment, which is heavily influenced by global economic uncertainties. Despite the market corrections, PGT INNOVATIONS is confident in its ability to deliver strong results in the coming quarters and is focused on using its innovative products and services to drive growth. Analysts remain bullish on PGT INNOVATIONS’ performance in FY2023, citing the company’s impressive financials and product pipeline as indicators of future success.

They also remain confident in its ability to capitalize on market opportunities and continue to deliver high-quality products and services. Overall, despite a somewhat volatile share price, PGT INNOVATIONS continues to report record earnings, indicating a bright financial outlook for FY2023. With a strong product lineup and a focus on innovation, the company is well-positioned for long-term growth and profitability. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis – Pgt Innovations Intrinsic Stock Value

At GoodWhale, we have taken a deep dive into the financials of PGT INNOVATIONS and believe that the intrinsic value of its share is estimated to be around $27.4, as calculated by our proprietary Valuation Line tool. Currently, the stock is being traded at $26.1 which is 4.8% lower than the intrinsic value. This suggests that PGT INNOVATIONS is currently undervalued in the market and provides an opportunity to buy the stock at a fair price. More…

Peers

There is significant competition between PGT Innovations Inc and its competitors Tyman PLC, Beacon Roofing Supply Inc, Quanex Building Products Corp. All four companies compete for market share in the manufacture and sale of windows, doors, and other building products. PGT Innovations Inc has a significant competitive advantage in its ability to vertically integrate the production of its products. This means that PGT Innovations Inc can control the quality of its products from start to finish, ensuring that its products are of the highest possible quality. Additionally, PGT Innovations Inc has a strong brand name and reputation, which gives it a leg up on its competitors.

– Tyman PLC ($LSE:TYMN)

Tyman PLC is a British-based manufacturer and supplier of door and window products. The company has a market cap of 382.79M as of 2022 and a Return on Equity of 9.35%. Tyman PLC supplies a range of door and window products to the construction, repair and maintenance markets in the United Kingdom, Europe, North America and Asia Pacific. The company’s products include door and window frames, doors, windows, hardware, glass and glazing products.

– Beacon Roofing Supply Inc ($NASDAQ:BECN)

Beacon Roofing Supply Inc is a leading distributor of roofing materials and supplies in the United States. The company has a market cap of 3.54 billion and a return on equity of 13.72%. Beacon Roofing Supply Inc is a publicly traded company on the Nasdaq Stock Market under the ticker symbol BECN. The company was founded in 1928 and is headquartered in Herndon, Virginia. Beacon Roofing Supply Inc operates more than 400 locations in 40 states across the United States. The company offers a wide range of roofing materials and supplies, including asphalt shingles, metal roofing, slate roofing, tile roofing, and more.

– Quanex Building Products Corp ($NYSE:NX)

Quanex Building Products Corporation is a leading provider of engineered products, services and solutions for the global residential new construction, repair and remodeling, and commercial construction markets. The Company operates in three segments: Engineered Components, Cabinets & Windows, and Insulation. Quanex Building Products Corporation is headquartered in Houston, Texas.

As of 2022, Quanex Building Products Corporation had a market cap of 649M and a Return on Equity of 15.63%. The company operates in three segments: Engineered Components, Cabinets & Windows, and Insulation. Quanex Building Products Corporation is headquartered in Houston, Texas.

Summary

PGT INNOVATIONS recently reported their earnings results for the second quarter of FY2023, showing total revenue of USD 384.9 million, a 5.3% decrease from the same quarter last year, and net income of USD 31.5 million, a 12.9% decrease from the same quarter last year. This caused the stock price to move downward the same day. Investing in PGT INNOVATIONS could be risky in the short-term, however their strong fundamentals and low stock price could make it an attractive stock for long-term investors. Analysts are closely watching the company’s performance to see if it will be able to recover in the upcoming quarters.