CENT Intrinsic Value – CENTRAL GARDEN & PET Reports Third Quarter FY2023 Earnings Results on August 2 2023
August 26, 2023
🌥️Earnings Overview
On August 2, 2023, CENTRAL GARDEN & PET ($NASDAQ:CENT) reported their earnings results for the third quarter of FY2023 which was ended on June 30 2023. Total revenue for the period was USD 1023.3 million, an increase of 0.8% from the same quarter of the previous year. Net income grew by 10.2% to USD 83.1 million year-over-year.
Share Price
The stock opened at $39.7 and closed at $40.2, up by 0.3% from the last closing price of $40.1. This marked a positive result for the company, which had previously seen losses in the same quarter of the previous fiscal year due to the pandemic. The company’s third quarter earnings report showed a strong performance despite the difficult economic environment.
In addition, CENTRAL GARDEN & PET’s balance sheet has been significantly strengthened since the start of the fiscal year. This indicates that the company is in a strong position to weather any future economic uncertainty or shifts in consumer demand. Overall, CENTRAL GARDEN & PET had a positive third quarter and appears well-positioned for the remainder of the fiscal year. The company’s strong financial performance and balance sheet demonstrate its ability to navigate through turbulent times. With a continued focus on innovation and customer service, CENTRAL GARDEN & PET should continue to be successful in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CENT. More…
| Total Revenues | Net Income | Net Margin |
| 3.27k | 120.82 | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CENT. More…
| Operations | Investing | Financing |
| 275.93 | -83.6 | -54.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CENT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.42k | 1.97k | 26.92 |
Key Ratios Snapshot
Some of the financial key ratios for CENT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.5% | 5.3% | 6.7% |
| FCF Margin | ROE | ROA |
| 6.7% | 9.7% | 4.0% |
Analysis – CENT Intrinsic Value
At GoodWhale, we have conducted an analysis of CENTRAL GARDEN & PET’s wellbeing. According to our proprietary Valuation Line, the intrinsic value of CENTRAL GARDEN & PET share is around $51.8. Currently, the stock is trading at $40.2, which indicates that it is undervalued by 22.4%. We suggest investors to keep an eye on CENTRAL GARDEN & PET as it may be a good opportunity to buy the stock at a discounted price. More…
Peers
It competes with The Kraft Heinz Co, Thai Union Group PCL, and Mondelez International Inc.
– The Kraft Heinz Co ($NASDAQ:KHC)
The Kraft Heinz Co is a food and beverage company with a market cap of 46.24B as of 2022. The company has a Return on Equity of 3.49%. The company produces and markets food and beverage products, including condiments, sauces, salad dressings, spreads, cheese, and other dairy products.
– Thai Union Group PCL ($SET:TU)
Thai Union Group PCL is one of the world’s leading seafood producers. The company has a market cap of 80.06B as of 2022 and a return on equity of 9.53%. Thai Union is dedicated to bringing sustainable seafood to consumers around the globe. The company is committed to responsible fishing and aquaculture practices, and to protecting the oceans and the creatures that live within them. Thai Union’s products are sold in over 150 countries and enjoyed by millions of people every day.
– Mondelez International Inc ($NASDAQ:MDLZ)
Mondelez International Inc is one of the world’s largest snacks companies, with a market cap of 88.01B as of 2022. The company has a wide range of popular brands, including Oreo, Cadbury, and Nabisco. Mondelez International has a strong focus on innovation and has a strong track record of delivering shareholder value. The company has a Return on Equity of 9.19%.
Summary
CENTRAL GARDEN & PET reported positive earnings results for the third quarter of FY2023, with total revenue increasing by 0.8% and net income growing 10.2%. These figures indicate the company is performing well and may present an attractive opportunity for investors. Analysts should closely review the company’s financials, including its balance sheet and cash flow statement, to evaluate the potential for a successful investment. Other factors to consider include the competitive landscape, management team, and the company’s strategic outlook.
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