Pgt Innovations Stock Intrinsic Value – PGT INNOVATIONS Reports Q2 Earnings for Fiscal Year 2023, Reveals 5.3% Decrease in Total Revenue and 12.9% Drop in Net Income
August 29, 2023
🌧️Earnings Overview
For the second quarter of Fiscal Year 2023, PGT INNOVATIONS ($NYSE:PGTI) reported total revenue of USD 384.9 million, a 5.3% decrease from the same period in the previous fiscal year. Net income was USD 31.5 million, representing a 12.9% decrease year-over-year.
Analysis – Pgt Innovations Stock Intrinsic Value
GoodWhale provides an analysis of the financials of PGT INNOVATIONS. According to our proprietary Valuation Line, the intrinsic value of PGT INNOVATIONS share is around $27.4. Currently, PGT INNOVATIONS stock is traded at $26.1, indicating that it is fairly priced and slightly undervalued by 4.6%. This marks a great buying opportunity for potential investors looking to acquire PGT INNOVATIONS shares. From our analysis, the company looks to have strong financials and should continue to grow in the future. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pgt Innovations. More…
| Total Revenues | Net Income | Net Margin |
| 1.49k | 104.78 | 7.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pgt Innovations. More…
| Operations | Investing | Financing |
| 171.75 | -240.76 | -50.85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pgt Innovations. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.61k | 963.61 | 11.1 |
Key Ratios Snapshot
Some of the financial key ratios for Pgt Innovations are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.2% | 28.4% | 11.4% |
| FCF Margin | ROE | ROA |
| 8.0% | 16.5% | 6.6% |
Peers
There is significant competition between PGT Innovations Inc and its competitors Tyman PLC, Beacon Roofing Supply Inc, Quanex Building Products Corp. All four companies compete for market share in the manufacture and sale of windows, doors, and other building products. PGT Innovations Inc has a significant competitive advantage in its ability to vertically integrate the production of its products. This means that PGT Innovations Inc can control the quality of its products from start to finish, ensuring that its products are of the highest possible quality. Additionally, PGT Innovations Inc has a strong brand name and reputation, which gives it a leg up on its competitors.
– Tyman PLC ($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 reported lower-than-expected financial results for the second quarter of Fiscal Year 2023. Total revenue was USD 384.9 million, a 5.3% decrease year-over-year, and net income was USD 31.5 million, a 12.9% drop from the same period in the prior year. In response to these results, stock prices for the company declined on the same day.
Despite the downturn in performance, investors may still find PGT Innovations to be an attractive option due to its strong track record of consistent earnings growth and potential for attractive returns in the long-term. Thus, investors should consider PGT Innovations as one of their potential investments in order to capitalize on their current market opportunity.
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