Berry Global Intrinsic Value Calculation – BERRY GLOBAL Reports Impressive Earnings Results for FY2023 Q3
August 22, 2023
☀️Earnings Overview
On August 9th, 2023, BERRY GLOBAL ($NYSE:BERY) released their earnings results for the third financial quarter of 2023 (ending June 30th, 2023). The company’s total revenue was recorded at USD 3229.0 million, representing a decline of 13.3% compared to the same period in 2022, with net income standing at USD 143.0 million – a decrease of 30.9% year-over-year.
Price History
On Wednesday, BERRY GLOBAL reported impressive earnings results for the third quarter of financial year 2023. The stock opened at $61.0 and closed at $63.2, a 2.7% increase from its prior closing price of 61.5. The impressive earnings results can be attributed to the company’s strategic decisions and investments in new technologies, which has enabled BERRY GLOBAL to gain competitive advantages and expand its market presence globally. Analysts attribute the increase in stock price to the company’s solid financial performance and positive outlook.
Furthermore, the company also announced that it has signed a new agreement with a major consumer goods provider in South Korea. This new agreement is expected to contribute significantly to BERRY GLOBAL’s future earnings given the size and scope of the deal. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Berry Global. More…
| Total Revenues | Net Income | Net Margin |
| 13k | 656 | 5.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Berry Global. More…
| Operations | Investing | Financing |
| 1.71k | -706 | -911 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Berry Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.55k | 13.16k | 28.68 |
Key Ratios Snapshot
Some of the financial key ratios for Berry Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.5% | 2.2% | 8.4% |
| FCF Margin | ROE | ROA |
| 7.8% | 20.4% | 4.1% |
Analysis – Berry Global Intrinsic Value Calculation
At GoodWhale, we recently conducted an analysis of BERRY GLOBAL‘s wellbeing. Our proprietary Valuation Line showed that the fair value of BERRY GLOBAL share is around $112.4. This presents a great opportunity for investors to purchase BERRY GLOBAL shares at a significant discount. More…
Peers
Berry Global Group Inc is one of the world’s largest plastic packaging providers and competes with leading international companies such as Huhtamäki Oyj, Southern Packaging Group Ltd, and Xiamen Jihong Technology Co Ltd. These companies produce a range of plastic packaging solutions for various markets around the world, offering a variety of products, services, and technologies.
– Huhtamäki Oyj ($LTS:0K9W)
Huhtamäki Oyj is a Finnish manufacturer of packaging solutions and services. It is a global leader in packaging, with operations in 35 countries and sales in more than 70 countries. With a market cap of 3.51B in 2022, the company is well-positioned to capitalize on the increasing demand for sustainable and innovative packaging solutions. Furthermore, Huhtamäki Oyj has an impressive Return on Equity of 14.22%, illustrating the company’s strong financial performance and returns for shareholders.
– Southern Packaging Group Ltd ($SGX:BQP)
Southern Packaging Group Ltd is a leading packaging solutions provider based in the United Kingdom. The company specializes in providing innovative and cost-effective packaging solutions to a wide range of industries, including food, beverage, pharmaceutical and medical device manufacturing. As of 2022, Southern Packaging Group Ltd has a market cap of 29.89M and a Return on Equity of 1.31%. The company’s market cap reflects its strong position in the industry and its ability to provide high quality, competitively priced products and services. Its return on equity indicates the company’s success in generating profits from its investments.
– Xiamen Jihong Technology Co Ltd ($SZSE:002803)
Xiamen Jihong Technology Co Ltd is a leading Chinese technology company that specializes in the development and sale of smart home, communications, and network products. With a market cap of 5.72B as of 2022, the company has exhibited strong financial performance and has become one of the largest firms in the technology sector. Xiamen Jihong Technology Co Ltd also boasts an impressive Return on Equity of 6.53%, indicating that the company is successfully generating profits for its investors. The company’s success is driven by its commitment to developing innovative products and services that solve customers’ needs.
Summary
BERRY GLOBAL has seen a decrease in revenues and net income in their FY2023 Q3, compared to the same period last year. This is concerning for investors as it may indicate a less-than-promising future outlook for the company. However, investors should still consider BERRY GLOBAL as the company has a strong balance sheet and a diverse product portfolio that could offer potential opportunities in different markets. To make an informed decision, it is important for investors to take a closer look at the performance of BERRY GLOBAL, analyze its competitors, and understand its strategy for the future before making an investment.
