Ennis Intrinsic Value – ENNIS Reports Second Quarter Earnings Results for FY2024
September 27, 2023
🌥️Earnings Overview
On September 18, 2023, ENNIS ($NYSE:EBF) reported their second quarter FY2024 earnings results for the period ending August 31, 2023. Total revenue for the quarter decreased by 4.0% year-over-year to USD 106.8 million, while net income decreased by 10.5%, amounting to USD 10.9 million.
Stock Price
This was a positive sign for investors, as it showed a steady increase in stock value over the quarter. ENNIS‘ second quarter results were bolstered by strong performance in the company’s core sectors such as manufacturing, retail, and services. In addition, the company also reported strong returns from its investments in technology and research and development. The company’s stock has seen a significant increase in value as a result of their robust performance, a sign that investors remain confident in the company’s outlook. As ENNIS continues to execute on its strategic plans, investors can look forward to further growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ennis. More…
| Total Revenues | Net Income | Net Margin |
| 430.99 | 46.02 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ennis. More…
| Operations | Investing | Financing |
| 59.95 | -25.3 | -25.84 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ennis. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 398.87 | 55.72 | 13.06 |
Key Ratios Snapshot
Some of the financial key ratios for Ennis are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.8% | 13.2% | 14.5% |
| FCF Margin | ROE | ROA |
| 13.3% | 11.5% | 9.8% |
Analysis – Ennis Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of ENNIS‘s financials. Based on this analysis, we have calculated the fair value of ENNIS share to be around $21.6. Currently, ENNIS stock is being traded at $21.5, which we believe to be a fair price. This suggests that investors are valuing the stock accurately and is an indication of a well-performing company. More…
Peers
Headquartered in Fort Worth, Texas, Ennis employs approximately 4,200 people and operates 31 manufacturing facilities and 57 distribution centers in the United States, Canada, Mexico, Europe, Asia, and Australia. Ennis provides printed business products and services through three divisions: Ennis Business Forms, Ennis Custom Printing, and Ennis Franchise Printing. Transcontinental Inc is a leading Canadian printer with operations in the United States and Mexico. Koenig & Bauer AG is a leading German manufacturer of printing presses. Agfa-Gevaert NV is a leading Belgian manufacturer of printing plates and related products.
– Transcontinental Inc ($TSX:TCL.A)
Transcontinental Inc. is a Canadian printing and packaging company. The company has a market cap of 1.4B as of 2022 and a Return on Equity of 7.22%. Transcontinental Inc. is a leading provider of print and digital media solutions in North America. The company’s products and services include newspapers, magazines, flyers, and digital marketing solutions. Transcontinental Inc. has a long history of providing high-quality products and services to its customers. The company is headquartered in Montreal, Quebec, Canada.
– Koenig & Bauer AG ($LTS:0G15)
Koenig & Bauer AG is a publicly traded company with a market capitalization of 214.82M as of 2022. The company has a return on equity of 2.08%. Koenig & Bauer AG is a German printing press manufacturer. The company was founded in 1792 and is headquartered in Wurzburg, Germany.
– Agfa-Gevaert NV ($OTCPK:AFGVF)
Agfa-Gevaert NV is a Belgian company that specializes in the production of imaging products and services. The company has a market capitalization of 455.03 million as of 2022 and a return on equity of -2.01%. Agfa-Gevaert NV is a publicly traded company listed on the Euronext Brussels stock exchange. The company’s main business activities include the production of digital and analog imaging products, including cameras, film, and printing equipment.
Summary
Ennis Inc. reported their earnings results for the second quarter of FY2024, ending August 31 2023, on September 18 2023. Total revenue was USD 106.8 million, a 4.0% decrease from Q2 of FY2023. Net income decreased 10.5% year over year to USD 10.9 million. Investors should consider this revenue decrease as well as the decrease in net income when analyzing the company’s financials and future prospects.
Long-term investors should understand how the company is making up the lost revenue and improving profitability, as well as what potential catalysts could help drive performance in the future. Short-term investors should consider whether further declines are likely and how the stock may react to the news.
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