Hni Corporation Stock Intrinsic Value – HNI CORPORATION Reports Q2 Earnings Results for FY2023, Ending June 30 2023
August 27, 2023
🌥️Earnings Overview
On August 8th, 2023, HNI CORPORATION ($NYSE:HNI) published their financial results for the second quarter of FY2023, ending on June 30th, 2023. These results showed that their total revenue had decreased by 9.4% year-on-year, to USD 563.5 million. Net income also saw a decrease, from USD 30.3 million to USD -12.8 million.
Stock Price
HNI CORPORATION reported its quarterly earnings results for the fiscal year 2023, which ended June 30, 2023 on Tuesday. On Tuesday, HNI CORPORATION stock opened at $29.5 and closed at $29.1, up by 1.9% from previous closing price of 28.5. The company also announced plans to expand its operations to new markets and explore potential acquisitions in the near future. Overall, the company’s strong earnings report is evidence of its resilience in the challenging economic environment and its dedication to creating value for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hni Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 2.21k | 68.1 | 1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hni Corporation. More…
| Operations | Investing | Financing |
| 146.2 | -378.7 | 230.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hni Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.08k | 1.36k | 15.36 |
Key Ratios Snapshot
Some of the financial key ratios for Hni Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.3% | -22.0% | 4.9% |
| FCF Margin | ROE | ROA |
| 3.2% | 10.1% | 3.2% |
Analysis – Hni Corporation Stock Intrinsic Value
At GoodWhale, we recently conducted a comprehensive analysis of HNI CORPORATION‘s financial fundamentals. We concluded that the intrinsic value of HNI CORPORATION’s share is around $34.9, which we arrived at by utilizing our proprietary Valuation Line. Interestingly, the market price of HNI CORPORATION stock is currently trading at $29.1, representing a 16.5% discount from its intrinsic value. Thus, HNI CORPORATION’s stock is currently undervalued and may be an intriguing investment opportunity. More…
Peers
The company’s competition includes Okamura Corp, Aurora Corp, and Steelcase Inc.
– Okamura Corp ($TSE:7994)
Okamura Corporation is a publicly traded company with a market capitalization of 144.55 billion as of 2022. The company has a return on equity of 10.02%, which is considered to be good. Okamura Corporation is a Japanese company that manufactures and sells office furniture. The company is headquartered in Tokyo, Japan.
– Aurora Corp ($TWSE:2373)
Aurora Corp is a leading provider of integrated software solutions that enable organizations to manage their finances and operations. The company’s market cap is $17.47B as of 2022 and its ROE is 16.94%. Aurora’s software solutions are used by organizations of all sizes, from small businesses to large enterprises. The company’s products are designed to help organizations streamline their financial and operational processes, improve their decision-making, and optimize their performance. Aurora’s products are used by organizations in a variety of industries, including healthcare, government, manufacturing, retail, and financial services.
– Steelcase Inc ($NYSE:SCS)
Casey Inc is an American company that manufactures and sells office furniture, architectural and technology products. It is headquartered in Grand Rapids, Michigan. The company has a market cap of 951.9 million as of 2022 and a return on equity of 3.73%. The company’s products include office chairs, desks, files, and storage cabinets.
Summary
HNI Corporation reported a 9.4% decrease in revenue for the second quarter of FY2023, totaling USD 563.5 million. Investors may be concerned with the weakening financial performance of the company and should closely monitor HNI Corporation’s future earnings and cash flow. They should assess the company’s ability to adapt to market changes, its competitive advantage, and the management team’s execution of strategies. Deciding whether to invest in HNI should be based on a thorough analysis of its overall fundamentals.
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