Brunswick Corporation Stock Fair Value – BRUNSWICK CORPORATION Reports Q2 FY2023 Earnings Results on July 27, 2023
July 29, 2023
🌥️Earnings Overview
On July 27 2023, BRUNSWICK CORPORATION ($NYSE:BC) announced their second quarter earnings results for FY2023, for the period ending June 30 2023. Total revenue for the quarter totaled USD 1702.3 million, a decrease of 7.3% compared to the same period in FY2022. Net income for the quarter decreased by 31.7%, down to USD 134.7 million year over year.
Stock Price
On Thursday, July 27th, 2023, BRUNSWICK CORPORATION reported its Q2 FY2023 earnings results before the market opened. The stock opened at $88.4 and closed at $85.6, a decrease of 3.5% from its previous closing price of $88.6. Investors seemed to be unconvinced by the results and chose to take their profits. Despite the positive growth, investors were disappointed with the company’s profit margins, which continued to decline due to increasing labor costs and raw material prices.
The company also provided guidance for the upcoming quarter, forecasting higher sales and EPS growth than the previous quarter. In response to the earnings report, BRUNSWICK CORPORATION’s stock price dropped by 3.5%. Some analysts believe that the stock is still undervalued and could have further upside potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brunswick Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 6.73k | 552.5 | 8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brunswick Corporation. More…
| Operations | Investing | Financing |
| 691.3 | -300.2 | -482.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brunswick Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.29k | 4.19k | 29.17 |
Key Ratios Snapshot
Some of the financial key ratios for Brunswick Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.5% | 29.6% | 13.0% |
| FCF Margin | ROE | ROA |
| 4.8% | 26.4% | 8.7% |
Analysis – Brunswick Corporation Stock Fair Value
At GoodWhale, we have conducted an analysis of BRUNSWICK CORPORATION‘s financials. Our proprietary Valuation Line was able to calculate the fair value of BRUNSWICK CORPORATION share to be around $107.5. Currently, BRUNSWICK CORPORATION stock is traded at $85.6, which is undervalued by 20.4%. This represents a great opportunity for potential investors. More…
Peers
Brunswick Corp and its competitors, Leatt Corp, Trigano SA, and LCI Industries Inc, are all vying for a share of the market. Brunswick Corp has a strong presence in the market and is a well-known brand. Leatt Corp is a relative newcomer to the market, but has quickly gained a reputation for quality products. Trigano SA is a large company with a wide range of products. LCI Industries Inc is a smaller company, but has a loyal following.
– Leatt Corp ($OTCPK:LEAT)
Leatt Corp is a publicly traded company that designs, develops, and markets personal protective equipment for use in extreme sports. The company has a market capitalization of $114.38 million as of 2022 and a return on equity of 36.43%. Founded in 2003, Leatt is headquartered in Johannesburg, South Africa. The company’s products are sold in over 50 countries worldwide.
– Trigano SA ($LTS:0NX0)
Trigano is a French company that manufactures and sells recreational vehicles. The company has a market cap of 1.9B as of 2022 and a return on equity of 20.39%. Trigano’s products include motorhomes, caravans, and camping trailers. The company has a strong presence in Europe and is expanding its operations into Asia and South America. Trigano is a well-respected company in the recreational vehicle industry and is known for its quality products and customer service.
– LCI Industries Inc ($NYSE:LCII)
LCI Industries Inc is a manufacturer and distributor of recreational vehicles, marine products and building products. The company has a market cap of 2.6B as of 2022 and a Return on Equity of 32.57%. LCI Industries is a leading provider of recreational vehicle products and services, including awnings, exterior appliances, furniture, interiors, windows and doors. The company also manufactures and distributes marine products, such as boat covers, bimini tops, canvas products and upholstery. In addition, LCI Industries provides building products, including windows, doors, hardware and trim.
Summary
On July 27 2023, Brunswick Corporation reported a 7.3% decrease in total revenue for the second quarter of FY2023, compared to the same period of the prior year. This resulted in a year-over-year decline of 31.7% in net income, amounting to USD 134.7 million. Consequently, the company’s stock price dropped on the same day.
From an investment standpoint, these results indicate a weak performance and suggest that investors should take caution when considering investing in Brunswick Corporation. Furthermore, analysts should closely watch the company’s progress in the near future to determine if its financial performance is likely to improve.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
