BGFV Stock Intrinsic Value – BIG 5 SPORTING GOODS Reports Profitable Q2 Earnings for FY2023
August 9, 2023
☀️Earnings Overview
BIG 5 SPORTING GOODS ($NASDAQ:BGFV) reported their Q2 FY2023 earnings results on August 1 2023 for the period ending June 30 2023. Total revenue for the quarter was USD 223.6 million, a decrease of 11.9% year-over-year. Net income for the period was USD -0.28 million, down from 8.93 million in the same quarter the previous year.
Stock Price
The stock opened at $9.5 and closed at $9.4, a 2.2% drop from its prior closing price of 9.6. The company’s chief executive officer attributed this success to a comprehensive strategy of diversifying its product lines to include both traditional and modern sporting goods, as well as focusing on customer satisfaction. BIG 5 SPORTING GOODS has worked hard to ensure that customers have access to a wide variety of equipment, apparel, and accessories available both online and in-store, providing a convenient shopping experience with competitive prices. The company has also made great strides in promoting a healthy lifestyle through various partnerships with local fitness centers and classes.
In addition, BIG 5 SPORTING GOODS has developed strong relationships with athletes and teams in order to provide athletes with the highest quality equipment and apparel available. The company remains committed to providing customers with the best products and services, while promoting an active and healthy lifestyle for all. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BGFV. More…
| Total Revenues | Net Income | Net Margin |
| 948.26 | 8.01 | 0.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BGFV. More…
| Operations | Investing | Financing |
| 7.38 | -12.4 | -25.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BGFV. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 705.55 | 447.13 | 11.54 |
Key Ratios Snapshot
Some of the financial key ratios for BGFV are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.3% | -20.4% | 1.1% |
| FCF Margin | ROE | ROA |
| -0.5% | 2.4% | 0.9% |
Analysis – BGFV Stock Intrinsic Value
GoodWhale has conducted an analysis of BIG 5 SPORTING GOODS’s financials. Our proprietary Valuation Line has calculated the intrinsic value of BIG 5 SPORTING GOODS share to be around $13.8. Currently BIG 5 SPORTING GOODS stock is traded at $9.4, indicating a 31.8% undervaluation. This presents an opportunity to investors to purchase the stock at a discount. More…
Peers
In the world of sporting goods, there is intense competition among the big players. Big 5 Sporting Goods Corp competes against Dick’s Sporting Goods Inc, Hibbett Inc, and Academy Sports and Outdoors Inc, to name a few. Each company is fighting for market share, and each has its own strengths and weaknesses.
– Dick’s Sporting Goods Inc ($NYSE:DKS)
Dicks Sporting Goods Inc is an American sporting goods retailer headquartered in Coraopolis, Pennsylvania. The company was founded in 1948 by Richard “Dick” Stack. The company operates more than 850 stores in 47 states and employs over 27,000 people.
The company’s market cap is 8.73B as of 2022 and its ROE is 48.91%. The company is a leading retailer of sporting goods and related apparel and equipment. The company’s product categories include team sports, fitness, hunting, fishing, golf, and more. The company also operates e-commerce businesses under the Dick’s Sporting Goods and Field & Stream brands.
– Hibbett Inc ($NASDAQ:HIBB)
Hibbett Sports, Inc. is a publicly traded company with a market capitalization of $750.08 million as of March 2022. The company operates Hibbett Sports and City Gear retail stores in small to mid-sized markets across the United States. Hibbett Sports offers a wide range of sporting goods products, including footwear, apparel, equipment, and accessories. The company’s City Gear stores offer an urban streetwear lifestyle products and services. Hibbett Sports reported a return on equity of 27.86% for the fiscal year ended January 31, 2022.
Hibbett Sports is a leading provider of sporting goods products and services in small to mid-sized markets across the United States. The company operates Hibbett Sports and City Gear retail stores. Hibbett Sports offers a wide range of sporting goods products, including footwear, apparel, equipment, and accessories. The company’s City Gear stores offer an urban streetwear lifestyle products and services. Hibbett Sports reported a return on equity of 27.86% for the fiscal year ended January 31, 2022.
– Academy Sports and Outdoors Inc ($NASDAQ:ASO)
Academy Sports and Outdoors Inc is an American sporting goods retailer with over 250 stores across the United States. The company offers a wide variety of sporting goods and outdoor products, making it a one-stop shop for athletes and enthusiasts alike. Academy Sports and Outdoors Inc has a market cap of 3.56B as of 2022, a Return on Equity of 36.08%. The company’s strong financials and commitment to customer satisfaction have made it a force to be reckoned with in the sporting goods industry.
Summary
BIG 5 SPORTING GOODS reported their fiscal year 2023 second-quarter earnings results on August 1 2023, with total revenue of USD 223.6 million, a decrease of 11.9% year-on-year. Net income for the period was USD -0.28 million, down from 8.93 million the prior year. This signifies a challenging period for investors in BIG 5 SPORTING GOODS, with decreased earnings and revenue, and a net loss for the second quarter. While analysts may expect to see some improvement in the company’s financial performance over the coming quarters, investors should exercise caution when considering an investment in BIG 5 SPORTING GOODS in the near future.
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