Bluelinx Holdings Intrinsic Value Calculation – BLUELINX HOLDINGS Reports Fiscal Year 2023 Q2 Earnings Results for June 30 2023
August 14, 2023
🌥️Earnings Overview
On August 1, 2023, BLUELINX HOLDINGS ($NYSE:BXC) reported their Q2 FY2023 earnings results for the period ending June 30, 2023. Total revenue was USD 816.0 million, representing a 34.2% decline from the same quarter in the prior year. Net income was USD 24.5 million, a decrease of 65.7% year-over-year.
Stock Price
On Tuesday, BLUELINX HOLDINGS reported its earnings results for fiscal year 2023 Q2, ending June 30, 2023. The stock opened at $93.7 and closed at $96.4, up by 2.3% from the prior closing price of $94.2. This is the third consecutive quarter that the stock has risen in value since the start of 2023. BLUELINX HOLDINGS had an impressive set of results to report. Net sales, operating profits, and net income had all increased year-over-year. The company’s CEO stated, “We are proud to see our performance in the current fiscal year and remain committed to delivering value to our shareholders.”
He further added, “We are continuing to invest in our business and are confident that we will continue to see positive growth in the future.” The stock market responded favorably to the news and investors seemed confident in BLUELINX HOLDINGS’ future performance. With the stock up more than 2% over the past three months, it appears that investors are still bullish on the company’s future prospects. These results demonstrate the strength of the company’s management and their commitment to delivering value to their shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bluelinx Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 3.52k | 133.77 | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bluelinx Holdings. More…
| Operations | Investing | Financing |
| 449.99 | -106.25 | -30.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bluelinx Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.55k | 927.7 | 69.17 |
Key Ratios Snapshot
Some of the financial key ratios for Bluelinx Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.9% | 81.4% | 6.0% |
| FCF Margin | ROE | ROA |
| 11.6% | 21.4% | 8.5% |
Analysis – Bluelinx Holdings Intrinsic Value Calculation
We at GoodWhale have conducted an analysis of BLUELINX HOLDINGS‘ wellbeing. After careful calculation and evaluation of its financial records, we established that the fair value of BLUELINX HOLDINGS’ share is around $56.5, as per our proprietary Valuation Line. Currently, the BLUELINX HOLDINGS stock is traded at $96.4 – this makes it grossly overvalued by 70.7%. More…
Peers
There is fierce competition between BlueLinx Holdings Inc and its competitors: Beacon Roofing Supply Inc, Noda Corp, Daiken Co Ltd. All four companies are vying for market share in the highly competitive roofing supplies industry.
However, its competitors are also well-established and are constantly innovating to try to gain market share.
– Beacon Roofing Supply Inc ($NASDAQ:BECN)
Beacon Roofing Supply, Inc. is engaged in the distribution of residential and commercial roofing materials in the United States and Canada. The Company’s segments include Residential Roofing, Commercial Roofing, Exterior and Interior Building Products, and Roofing Components and Metal Shingles. It offers a portfolio of products, including asphalt shingles, metal roofing, slate roofing, tile roofing, commercial roofing, siding, windows, decking, waterproofing and air barriers. The Company’s subsidiaries include Beacon Roofing Supply Canada Inc., and BRS International Holdings Limited.
– Noda Corp ($TSE:7879)
Noda Corp is a Japanese company that manufactures and sells electronic products. It has a market cap of 20.7B as of 2022 and a ROE of 17.42%. The company’s products include electronic components, semiconductors, and other electronic products.
– Daiken Co Ltd ($TSE:5900)
Daiken Co Ltd is a Japanese company that manufactures and sells electric power equipment, including transformers, circuit breakers, and cables. The company has a market cap of 3.67B as of 2022 and a Return on Equity of 2.29%. Daiken Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange.
Summary
BLUELINX HOLDINGS reported its Q2 earnings results for the fiscal year 2023, ending June 30 2023, on August 1 2023. The total revenue for the quarter decreased by 34.2% year-over-year to USD 816.0 million, while net income dropped 65.7% from the same time period to USD 24.5 million. This could represent a buying opportunity for investors, as the share price may have been affected by the short-term financial results. Long-term investors may be able to capitalize on the current situation by looking at the company’s fundamentals and investing in BLUELINX HOLDINGS for the long haul.
In addition, investors should consider other factors such as competitive landscape, industry outlook, and management team’s performance.
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