Albany International Stock Fair Value – ALBANY INTERNATIONAL Reports Fourth Quarter Earnings for Fiscal Year 2022
March 14, 2023
Earnings Overview
On February 13th, 2023, ALBANY INTERNATIONAL ($NYSE:AIN) reported its earnings results for the fourth quarter of fiscal year 2022, ending December 31st, 2022. Total revenue was USD 18.1 million, a decrease of 36.7% from the same period in 2021. Nevertheless, net income rose 12.0% year-over-year to USD 268.8 million.
Transcripts Simplified
Albany International reported net sales of $268.8 million in the fourth quarter, a 12% increase compared to the same period last year. After adjusting for currency translation effects, net sales increased by 15.5%. Machine Clothing net sales were flat year-over-year, while Engineered Composites’ net sales grew by 44.7%. Fourth quarter gross profit for the company was $97.1 million, with gross margin declining from 40.0% to 36.1%.
Selling, technical, general and research expenses increased from $53.2 million in the prior year quarter to $59.3 million and were essentially flat at about 22% of net sales. Total operating income for the company was $37.9 million, down from $41.7 million in the prior year quarter.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Albany International. More…
| Total Revenues | Net Income | Net Margin |
| 1.03k | 95.76 | 9.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Albany International. More…
| Operations | Investing | Financing |
| 128.21 | -96.35 | -23.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Albany International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.64k | 774.71 | 26.23 |
Key Ratios Snapshot
Some of the financial key ratios for Albany International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.6% | -2.6% | 14.1% |
| FCF Margin | ROE | ROA |
| 3.1% | 10.9% | 5.6% |
Stock Price
The stock opened at $108.9 and closed at $109.8, up by 1.0% from its last closing price of 108.7. This marks a positive result for the company, who has been working hard to increase their profits and expand their operations. The company has made significant investments in research and development during this period, resulting in the successful launch of new products and services. This has allowed them to gain more market share and increase their bottom line.
In addition, they have been able to lower costs through better use of technology and more efficient processes. The positive results in the fourth quarter have given investors more confidence in the company’s future prospects. Furthermore, the company has been able to generate more revenue through marketing and increased sales. Live Quote…
Analysis – Albany International Stock Fair Value
At GoodWhale, we have conducted an analysis of ALBANY INTERNATIONAL‘s financials and arrived at an intrinsic value of around $86.5 per share through our proprietary Valuation Line. This means that ALBANY INTERNATIONAL’s stock is currently traded at $109.8, which is overvalued by 26.9%. We recommend investors to be cautious and take a look at other stocks instead. More…
Peers
Their competitors include Trident Ltd, Jasch Industries Ltd, and Ruentex Industries Ltd, all of whom are dedicated to providing innovative solutions to meet the dynamic needs of their customers.
– Trident Ltd ($BSE:521064)
Trident Ltd is an Indian yarn and fabric manufacturer, producing a wide range of products for the home textiles, apparel, and industrial markets. As of 2023, the company has a market capitalization of 171.99B, indicating a strong financial performance. Additionally, the company has a Return on Equity of 13.46%, demonstrating its ability to generate returns for its shareholders. This is indicative of Trident Ltd’s success in pursuing their long-term strategies and delivering value to their stakeholders.
– Jasch Industries Ltd ($BSE:500220)
Jasch Industries Ltd is a multinational conglomerate headquartered in Hong Kong. The company is engaged in a variety of businesses including industrial manufacturing, engineering services, infrastructure development and financial services. As of 2023, the company has a market capitalization of 1.92 billion and a Return on Equity of 20.32%. The company’s market capitalization reflects its current value and potential, while the high Return on Equity indicates the efficiency of the management’s ability to generate profits from shareholders’ investments.
– Ruentex Industries Ltd ($TWSE:2915)
Ruentex Industries Ltd is a Taiwanese conglomerate with a market cap of 68.33B as of 2023. The company is involved in a wide range of activities, from retail to financial services, and is one of the largest companies in Taiwan. The company has a remarkable Return on Equity of 105.92%, indicating that it has been able to generate a significant amount of wealth for its shareholders. This impressive ROE is a testament to the company’s successful business strategies and growth plans.
Summary
Investors analyzing Albany International should note the company’s fourth quarter of fiscal year 2022 results, which showed a 36.7% decline in total revenue compared to the same period the year before. However, net income was up 12.0% compared to the same period in 2021. This could indicate that despite a decrease in total revenues, Albany International is managing costs efficiently and producing higher profits. Investors should continue to keep a close eye on the company’s performance and further analyze the trends in both net income and total revenue.
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