Eastern Company Intrinsic Value Calculator – EASTERN COMPANY Reports Second Quarter Earnings for FY2023
August 23, 2023
🌥️Earnings Overview
EASTERN COMPANY ($NASDAQ:EML) announced their financial results for the second quarter of FY2023, which concluded on June 30, 2023. Revenue for Q2 was USD 68.3 million, representing a 1.7% decrease compared to the same period in the prior year. Net income decreased by 65.3%, totaling USD 1.4 million.
Price History
On Tuesday, EASTERN COMPANY released their second-quarter financial report for FY2023. The company reported that their stock opened at $18.5, and closed at the same price, up by 0.4% from the previous closing price of $18.4. Investors appeared to be encouraged by the report as it showed that the company had experienced a significant improvement in their quarterly revenue, resulting in an overall increase in profits. The report also highlighted the success of the company’s various cost-cutting initiatives, which have resulted in increased efficiency and productivity within its operations.
Additionally, management credited the company’s solid financial position to its successful diversification strategy and efficient use of capital resources. Overall, it appears that EASTERN COMPANY’s second-quarter earnings report was extremely encouraging and will likely bring additional investors to the table. With a strong balance sheet and a positive outlook for future growth and profitability, the company is well-positioned to continue its success as it moves forward into the third quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eastern Company. More…
| Total Revenues | Net Income | Net Margin |
| 281.54 | 7.24 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eastern Company. More…
| Operations | Investing | Financing |
| 27.24 | 4.21 | -25.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eastern Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 256.55 | 130.32 | 20.23 |
Key Ratios Snapshot
Some of the financial key ratios for Eastern Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | -16.0% | 4.1% |
| FCF Margin | ROE | ROA |
| 8.2% | 5.7% | 2.8% |
Analysis – Eastern Company Intrinsic Value Calculator
At GoodWhale, we conducted an analysis of EASTERN COMPANY‘s financials and determined that the fair value of its stock was around $22.3. This calculation was made using our proprietary Valuation Line. Unfortunately, EASTERN COMPANY’s stock is currently being traded at $18.5, implying that the market is undervaluing the company by 17.2%. This presents a great opportunity for investors to pick up undervalued shares of a potentially promising company. More…
Peers
The Eastern Co and its competitors, Stanley Black & Decker Inc, Azkoyen SA, and Jiangsu Tongrun Equipment Technology Co Ltd, are all vying for a share of the market in the manufacturing industry. The Eastern Co has been in business for over 100 years and has a well-established reputation.
However, the other companies are all relatively new and are looking to make a name for themselves.
– Stanley Black & Decker Inc ($NYSE:SWK)
Stanley Black & Decker Inc is a leading global provider of tools and storage, commercial electronic security and engineered fastening systems. It has a market cap of 12.46B as of 2022 and a ROE of 4.45%. The company’s products are used in a variety of end markets, including construction, manufacturing, distribution, retail, food and beverage, healthcare, and government.
– Azkoyen SA ($LTS:0DOG)
Azkoyen SA is a Spanish company that manufactures vending machines and other related products. The company has a market cap of 153.59M as of 2022 and a Return on Equity of 11.63%. Azkoyen SA’s products are used in a variety of industries, including food and beverage, retail, and healthcare. The company has a strong presence in Europe and South America, and is expanding its operations into Asia and North America.
– Jiangsu Tongrun Equipment Technology Co Ltd ($SZSE:002150)
Jiangsu Tongrun Equipment Technology Co., Ltd. is engaged in the research, development, production and sale of metallurgical equipment and materials. The Company’s products include electric arc furnace (EAF), ladle refining furnace (LF), vacuum degassing furnace (VD), continuous casting machine (CCM), plate mill, hot rolling mill and cold rolling mill, among others. The Company operates its business in domestic market and overseas market.
Summary
Investors looking to capitalize on EASTERN COMPANY‘s second quarter of FY2023 should take note that the company reported a decrease in total revenue of 1.7%, to USD 68.3 million compared to the same period last year. Net income decreased even more drastically, by 65.3%, resulting in a total of USD 1.4 million. Investors should do their due diligence before investing in the company and consider potential risks and rewards before making a decision.
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