Avery Dennison Intrinsic Stock Value – AVERY DENNISON Reports Second Quarter FY2023 Earnings Results
August 1, 2023
🌥️Earnings Overview
AVERY DENNISON ($NYSE:AVY) reported earnings results for the second quarter of FY2023, which ended on June 30 2023. Total revenue for this period was USD 2090.5 million, a drop of 10.9% from the same quarter of the previous year. Net income for the quarter fell 53.2% to USD 100.4 million.
Stock Price
The company’s stock opened at $167.7 and closed at $174.7, down 1.7% from the previous day close of $177.6. These results demonstrate the company’s continued commitment to providing their customers with high quality products and services, as well as their success in adapting to the changing needs and demands of their customers. Despite the slight decrease in stock price, these results indicate that AVERY DENNISON is on track to achieve its goals for FY2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avery Dennison. More…
| Total Revenues | Net Income | Net Margin |
| 8.5k | 566 | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avery Dennison. More…
| Operations | Investing | Financing |
| 758.1 | -505 | -194.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Avery Dennison. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.27k | 6.25k | 24.96 |
Key Ratios Snapshot
Some of the financial key ratios for Avery Dennison are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | 5.3% | 10.0% |
| FCF Margin | ROE | ROA |
| 5.3% | 26.2% | 6.4% |
Analysis – Avery Dennison Intrinsic Stock Value
GoodWhale has conducted an analysis of Avery Dennison‘s fundamentals, and our proprietary Valuation Line indicates that the intrinsic value of AVERY DENNISON share is around $198.3. Currently, AVERY DENNISON stock is traded at $174.7, meaning that it is being offered at a fair price that is undervalued by 11.9%. This presents a great opportunity for investors to purchase AVERY DENNISON stock at a discounted rate and potentially gain value when the stock reaches its intrinsic value. More…
Peers
Its main competitors are Seco/Warwick SA, Omni-Lite Industries Canada Inc, and Curtiss-Wright Corp.
– Seco/Warwick SA ($LTS:0LYW)
Seco/Warwick SA is a thermal-processing equipment manufacturer based in Poland. The company has a market cap of 146.14M as of 2022 and a Return on Equity of 9.69%. Seco/Warwick SA designs, manufactures, and sells furnaces and ovens for a variety of industries including aerospace, automotive, and medical device. The company’s products are used in a variety of applications including heat treating, brazing, soldering, and annealing.
– Omni-Lite Industries Canada Inc ($TSXV:OML)
Omni-Lite Industries Canada Inc is engaged in the development and production of metal alloys and composite products. The company operates through two segments: Metal Injection Molding and Castings, and Composite Products. The Metal Injection Molding and Castings segment offers metal injection molded and cast products for aerospace, military, automotive, and commercial applications. The Composite Products segment provides composite materials, products, and services for the aerospace, military, and commercial markets.
– Curtiss-Wright Corp ($NYSE:CW)
Curtiss-Wright Corporation is a diversified company that provides engineered products and services to the aerospace, defense, and energy markets. The company has a market capitalization of $6.17 billion and a return on equity of 12.64%. The company’s products and services include aircraft brakes, control systems, and engines; defense electronics and software; and power generation and distribution equipment. Curtiss-Wright has a long history of innovation and has been involved in some of the most important technological advances of the 20th century. The company was founded in 1929 by Wright Aeronautical Corporation and Curtiss Aeroplane and Motor Company.
Summary
AVERY DENNISON reported its second quarter results for fiscal year 2023, showing a 10.9% decrease in total revenue to USD 2090.5 million and a 53.2% decrease in net income to USD 100.4 million compared to the same quarter of the previous year. Investors should take note of the declines and pay attention to the company’s ability to regain momentum in their upcoming quarters. It is important to consider AVERY DENNISON’s performance compared to industry peers and the overall market climate, as well as their recent strategic investments, financial strengths, and competitive advantages.
