Griffon Corporation Stock Fair Value Calculator – GRIFFON CORPORATION Reports 11.0% Decrease in Revenue for Q3 2023
August 27, 2023
🌥️Earnings Overview
GRIFFON CORPORATION ($NYSE:GFF) reported total revenue of USD 683.4 million for the quarter ending June 30 2023, a decrease of 11.0% year-over-year. This was accompanied by a 64.9% drop in net income, which amounted to USD 49.2 million for the same quarter of the previous fiscal year.
Analysis – Griffon Corporation Stock Fair Value Calculator
GoodWhale is an analytical tool used to assess the financial performance of GRIFFON CORPORATION. Our proprietary Valuation Line tool was applied to GRIFFON CORPORATION’s financials, and our analysis concluded that the fair value of GRIFFON CORPORATION shares is around $27.9. However, at the time of writing, GRIFFON CORPORATION stock is trading at $42.0, representing a 50.3% overvaluation of its true worth. This discrepancy could represent an opportunity for investors who are willing to take on a higher level of risk, but careful analysis and due diligence is necessary before making an investment decision. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Griffon Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 2.75k | -381.18 | 7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Griffon Corporation. More…
| Operations | Investing | Financing |
| 413.75 | -19.88 | -382.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Griffon Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.57k | 2.24k | 5.87 |
Key Ratios Snapshot
Some of the financial key ratios for Griffon Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.9% | 25.1% | -10.9% |
| FCF Margin | ROE | ROA |
| 14.0% | -46.5% | -7.3% |
Peers
The company operates through the following segments: Home and Building Products, Telephonics, and garage doors. The Home and Building Products segment manufactures and sells residential and commercial garage doors, residential wood doors, access systems, and related products. The Telephonics segment provides integrated information, electronics, and communication systems for the aerospace and defense industries worldwide. The Garage Door segment designs, manufactures, and sells garage doors and related products. Griffon Corporation was founded in 1959 and is headquartered in New York, New York. The company’s main competitors are 1847 Holdings LLC, Doshisha Co Ltd, and Louisiana-Pacific Corp.
– 1847 Holdings LLC ($OTCPK:EFSH)
Doshisha Co Ltd is a Japanese company with a market cap of 52.07B as of 2022. The company has a Return on Equity of 6.07%. The company is involved in the manufacturing and sale of electrical and electronic products.
– Doshisha Co Ltd ($TSE:7483)
Louisiana-Pacific Corp is a timber company that focuses on the production of engineered wood products. The company has a market cap of 3.82B as of 2022 and a return on equity of 63.05%. The company’s products are used in a variety of applications, including commercial construction, residential construction, and industrial packaging.
Summary
Investors should take caution when considering an investment in GRIFFON CORPORATION. The company reported a 11.0% decrease in total revenue for the third quarter ending June 30 2023 and a 64.9% plunge in net income compared to the same quarter of the previous year. These figures suggest that the company’s financial performance is declining, and may pose a risk to investors. It is important to conduct further research and analyze past financial statements before making an informed investment decision.
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