WMS Stock Fair Value Calculator – ADVANCED DRAINAGE SYSTEMS Reports FY2024 Q1 Earnings Results on June 30, 2023
August 29, 2023
☀️Earnings Overview
On June 30, 2023, ADVANCED DRAINAGE SYSTEMS ($NYSE:WMS) reported its financial results for the first quarter of fiscal year 2024, which ended on that date. Total revenue for the quarter came in at USD 778.0 million, a decrease of 14.9% compared to the same quarter in the prior year. Net income for the quarter stood at USD 173.6 million, a dip of 7.2% from the previous year.
Market Price
On Thursday, June 30, 2023, Advanced Drainage Systems (ADS) reported its financial results for the first quarter of fiscal year 2024. The company’s stock opened at $126.7 and closed at $125.8, up by 0.7% from the previous closing price of $125.0. This decline was primarily due to lower sales volume in the company’s residential and agriculture segments. This increase was attributed to higher gross margins as well as improved operational efficiencies.
Overall, ADS’s financial performance in Q1 FY2024 reflects the company’s sustained commitment to providing efficient drainage solutions and improving operational efficiencies. This bodes well for the future and shareholders can remain confident about the company’s financial prospects going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WMS. More…
| Total Revenues | Net Income | Net Margin |
| 2.93k | 493.59 | 16.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WMS. More…
| Operations | Investing | Financing |
| 702.01 | -152.75 | -647.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WMS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.05k | 1.94k | 13.89 |
Key Ratios Snapshot
Some of the financial key ratios for WMS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.4% | 47.7% | 24.6% |
| FCF Margin | ROE | ROA |
| 18.0% | 43.6% | 14.8% |
Analysis – WMS Stock Fair Value Calculator
At GoodWhale, we are always looking for great investments and ADVANCED DRAINAGE SYSTEMS is no exception. We have studied the company’s fundamentals and our proprietary Valuation Line places the intrinsic value of a share of ADVANCED DRAINAGE SYSTEMS at approximately $112.9. Currently, the stock is trading at $125.8, which means it is overvalued by 11.4%. This could be an opportunity for investors looking for a bargain. More…
Peers
The company’s products are used in a variety of applications, including residential, commercial, and industrial. Advanced Drainage Systems Inc’s main competitors are JELD-WEN Holding Inc, Murray And Roberts Holdings Ltd, Deceuninck NV.
– JELD-WEN Holding Inc ($NYSE:JELD)
JELD-WEN Holding Inc is a company that manufactures and sells doors and windows. The company has a market cap of 715.36M as of 2022 and a Return on Equity of 18.13%. JELD-WEN has a strong focus on shareholder value and has a history of paying dividends. The company is headquartered in Charlotte, North Carolina.
– Murray And Roberts Holdings Ltd ($OTCPK:MURSF)
Murray & Roberts Holdings Ltd is a South African company that operates in the engineering and construction industry. The company has a market cap of 92.75M as of 2022 and a Return on Equity of 8.08%. Murray & Roberts is involved in a variety of engineering and construction projects, both in South Africa and internationally. The company has a long history dating back to 1902, and has been a major player in the South African construction industry for many years.
– Deceuninck NV ($LTS:0MEL)
Deceuninck NV is a Belgian company that manufactures and sells PVC-based products. The company has a market capitalization of 278.92 million as of 2022 and a return on equity of 9.83%. Deceuninck NV manufactures and sells a wide range of PVC-based products, including windows, doors, and Conservatory products. The company also offers a variety of services, such as installation and maintenance.
Summary
ADVANCED DRAINAGE SYSTEMS released their earnings results for the first quarter of FY2024, ending on June 30 2023. Total revenue was reported at USD 778.0 million, a decrease of 14.9% compared to the previous year. Net income was USD 173.6 million, representing a 7.2% decline from the prior year.
This indicates that investors should be cautious when considering ADVANCED DRAINAGE SYSTEMS for investment opportunities, as revenues and profits are declining. Investors should further consider the risks associated with potential downside in the company’s financials over the coming quarters before making any investing decisions.
