Azz Inc Stock Intrinsic Value – AZZ INC Reports Record Revenue and Profits for First Quarter of FY2024!

☀️Earnings Overview

For the first quarter of FY2024 ending on May 31 2023, AZZ INC ($NYSE:AZZ) reported total revenue of USD 390.9 million and net income of USD 28.5 million, representing year-over-year increases of 24.3% and 18.4% respectively.

Market Price

On Friday, AZZ INC stock opened at $41.5 and closed at $41.9, a 0.8% increase from its prior closing price of 41.6. This marks the highest stock price AZZ INC has seen in the past year, reflecting the success of their first quarter financial results. Analysts attribute this success to AZZ INC’s efforts to expand its product lines and introduce new technologies that are gaining traction in the market.

Overall, the first quarter results demonstrate AZZ INC’s strength and resilience as a global leader in industrial services, products, and solutions. The strong performance of their stock prices reflects investor confidence in the company’s financial prospects for the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Azz Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Azz Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Azz Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Azz Inc are shown below. More…

Analysis – Azz Inc Stock Intrinsic Value

GoodWhale has conducted an in-depth analysis of AZZ INC‘s fundamentals. After thorough review, our proprietary Valuation Line computed the fair value of AZZ INC share at around $67.2. Remarkably, AZZ INC stock is currently traded at $41.9, which is undervalued by 37.6%. This presents a great opportunity for investors to buy into the company at a comparatively low rate. More…

Peers

Their main competitors in the field are Manaksia Coated Metals & Industries Ltd, KFM Kingdom Holdings Ltd, and Vinacomin – Minerals Holding Corp. All four companies provide unique services that offer solutions to their customers’ needs. By delivering quality products and services, they strive to meet the ever-changing demands of the global market.

– Manaksia Coated Metals & Industries Ltd ($BSE:539046)

Manaksia Coated Metals & Industries Ltd is an Indian industrial goods manufacturer and distributor. Founded in 1975, the company produces a range of products including packaging materials, insulation boards, and other industrial goods. With a market cap of 1.24B as of 2022, Manaksia Coated Metals & Industries Ltd is one of the leading industrial goods companies in India. The company has also achieved a Return on Equity (ROE) of 15.03%, which is a testament to the company’s financial strength and performance. The company’s strong performance has enabled it to consistently create value for its shareholders.

– KFM Kingdom Holdings Ltd ($SEHK:03816)

KFM Kingdom Holdings Ltd is a Hong Kong-based investment holding company established in 2006. The company specializes in property and infrastructure development, construction, property management, hotel operations and property investments. As of 2022, KFM Kingdom Holdings Ltd has a market cap of 114.6M, which indicates that the company is well-positioned to generate returns for its shareholders. Furthermore, the company boasts a Return on Equity of 6.87%, indicating a strong financial performance and healthy profitability.

Summary

AZZ Inc. is enjoying a significant surge in both revenue and net income year-over-year. In the first quarter of FY2024, the company reported a total revenue of USD 390.9 million and a net income of USD 28.5 million as of May 31 2023. This represented an impressive 24.3% year-over-year increase in revenue and an even more impressive 18.4% year-over-year increase in net income. For investors, this is an extremely positive indicator of financial health for AZZ Inc., making it an attractive investment option at the moment.