BSET Stock Intrinsic Value – Bassett Furniture Industries Reports Impressive Q4 Earnings, Stocks React Positively
January 31, 2023
Trending News ☀️
BSET Stock Intrinsic Value – Bassett Furniture Industries ($NASDAQ:BSET) is a leading manufacturer and marketer of home furnishings, based in Bassett, Virginia. It has retail stores across the United States and Canada, as well as a network of independent retailers. The company reported GAAP earnings per share of $0.55, exceeding expectations by $0.17. Revenue of $121.02M also exceeded estimates by $9.42M. The stock responded positively in after-hours trading, up 4.91%.
The company attributed the strong results to its focus on growth initiatives and cost management. CEO Robert Spilman Jr. said “We delivered strong results in a challenging environment, including year-over-year revenue growth, significant margin expansion and a return to profitability for the quarter and full year.” Going forward, Bassett Furniture Industries is confident it can continue to generate strong results as the home furnishings market recovers from the pandemic. The company will continue to focus on launching new products and expanding its retail network to drive future growth. Investors have responded positively to the news, sending the stock up 4.91% in after-hours trading.
Market Price
On Tuesday, Bassett Furniture Industries reported their impressive fourth-quarter earnings, and the stock market reacted positively. The stock opened at $18.9 and closed at $18.9, an increase of 4.5% from the prior closing price of 18.1. This was a significant jump for the furniture manufacturer, and it reflects a strong quarter of business. Analysts are attributing the strong quarter to the company’s focus on improving operational efficiencies and reducing costs. The company has been able to generate more cash flow from its existing resources and operations, which has enabled them to increase their margin of profitability.
Moreover, Bassett Furniture Industries has been able to capitalize on the growth of e-commerce, which has allowed them to reach a larger customer base. The company has also invested in marketing and advertising campaigns to further increase its visibility online. The stock market reacted positively to the news, with investors seeing the potential for further growth in the company’s stock price. Bassett Furniture Industries has been able to produce solid quarterly results for the past few quarters, and investors are hopeful that this trend will continue. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BSET. More…
| Total Revenues | Net Income | Net Margin |
| 485.6 | 65.34 | 4.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BSET. More…
| Operations | Investing | Financing |
| -2.97 | 65.84 | -35.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BSET. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 406.27 | 210.66 | 21.85 |
Key Ratios Snapshot
Some of the financial key ratios for BSET are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.4% | 66.1% | 6.2% |
| FCF Margin | ROE | ROA |
| -5.0% | 9.7% | 4.7% |
VI Analysis – BSET Stock Intrinsic Value
The VI app helps to simplify the analysis of the company’s financials and provides a fair value estimate of its stock. According to the app, the fair value of BASSETT FURNITURE INDUSTRIES share is around $19.7. Currently, the stock is trading at $18.9, which is a 4% undervaluation of the company’s fair value. Investors need to take into account the company’s fundamentals such as revenue growth, profitability, cash flow, debt, and dividend yield when evaluating potential investments. Additionally, investors should assess the company’s competitive position in its industry and its overall financial health. BASSETT FURNITURE INDUSTRIES has been able to consistently grow its revenue over the past few years. The company’s profitability has also been increasing steadily, indicating that it is well-positioned to capitalize on future growth opportunities. Furthermore, it has a manageable debt load and a solid dividend yield, which makes it attractive for income investors. In conclusion, BASSETT FURNITURE INDUSTRIES appears to be undervalued at its current price and investors may want to consider adding it to their portfolios. However, investors should always conduct their own research before making any investment decisions. More…
VI Peers
Bassett Furniture Industries Inc is a leading furniture manufacturer that competes with other leading companies such as Dorel Industries Inc, The Lovesac Co, and DFS Furniture PLC. The company has been in business for over 100 years and has a reputation for quality products. Bassett Furniture Industries Inc is a publicly traded company on the New York Stock Exchange. The company’s headquarters is located in Bassett, Virginia.
– Dorel Industries Inc ($TSX:DII.B)
Dorel Industries Inc is a Canadian company that designs, manufactures, and markets juvenile and adult consumer products. The company has a market cap of 166.2M as of 2022 and a Return on Equity of -9.02%.
Dorel Industries is a diversified company with operations in three main business segments: Juvenile, Home Furnishings, and Recreation/Leisure. The Juvenile segment designs, manufactures, and markets juvenile products, such as strollers, car seats, high chairs, and playards, under the brands Maxi-Cosi, Quinny, Baby Art, and Tiny Love. The Home Furnishings segment designs, manufactures, and markets home furnishings products, such as sofas, chairs, and mattresses, under the brands Dorel Home Products and Simmons. The Recreation/Leisure segment designs, manufactures, and markets recreation and leisure products, such as bicycles, scooters, and trampolines, under the brands Cannondale, Schwinn, GT, Mongoose, IronHorse, and Dorel Sports.
Dorel Industries has a long history dating back to 1962 when it was founded as a manufacturer of children’s furniture. Since then, the company has grown through a series of acquisitions and has established itself as a leading player in the juvenile, home furnishings, and recreation/leisure market segments.
– The Lovesac Co ($NASDAQ:LOVE)
The Lovesac Company is a furniture company that designs, manufactures, and sells bean bag chairs and related accessories. The company has a market cap of $343.47 million and a return on equity of 15.26%. The company’s products are sold through a network of company-owned stores and e-commerce website. Lovesac was founded in 1995 and is headquartered in Stamford, Connecticut.
– DFS Furniture PLC ($LSE:DFS)
DFS Furniture PLC is a UK-based company that manufactures and sells furniture. The company has a market cap of 271.97M as of 2022 and a Return on Equity of 19.51%. DFS Furniture PLC is a publicly traded company listed on the London Stock Exchange. The company was founded in 1969 and has its headquarters in Derbyshire, England.
Summary
Bassett Furniture Industries reported impressive fourth quarter earnings, with stocks reacting positively to the news. The company saw an increase in net sales and improved gross profit margins year-over-year. Investment analysts praised the company’s strong performance and are optimistic about future growth potential. Bassett Furniture Industries is a good stock to consider for investors looking for a solid return on their investments.
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