ETD Intrinsic Value Calculation – ETHAN ALLEN INTERIORS Reports Fourth Quarter Earnings for FY2023 on June 30
August 25, 2023
🌥️Earnings Overview
Ethan Allen Interiors ($NYSE:ETD) revealed its earnings results for the fourth quarter of fiscal 2023 on June 30, 2023. Total revenue for the quarter was USD 187.4 million, a decrease of 18.4% compared to the same period in the prior year. Net income also declined 19.4%, to USD 25.4 million.
Stock Price
The stock opened at $31.0 and closed at $30.6, representing a 2.0% decline from its prior closing price of 31.3. This caused a slight dent in the company’s share price and overall market capitalisation. The company had previously been expecting higher growth in this quarter due to various initiatives put in place to improve the customer experience and increase revenue.
However, due to the unexpected costs incurred during the quarter, many investors felt that the overall numbers did not meet their expectations, causing the share price to suffer. Despite this minor decline in stock value, ETHAN ALLEN INTERIORS remains a well-respected company in the home furnishing industry and continues to generate substantial profits from its various retail outlets. Furthermore, the company has implemented several cost-cutting measures which will help to improve profitability in the future. As such, ETHAN ALLEN INTERIORS is still expected to be a major player in the industry for many years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ETD. More…
| Total Revenues | Net Income | Net Margin |
| 791.38 | 105.81 | 13.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ETD. More…
| Operations | Investing | Financing |
| 103.71 | -13.97 | -49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ETD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 745.45 | 274.45 | 18.58 |
Key Ratios Snapshot
Some of the financial key ratios for ETD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | 125.6% | 16.9% |
| FCF Margin | ROE | ROA |
| 11.2% | 18.1% | 11.2% |
Analysis – ETD Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of ETHAN ALLEN INTERIORS’ wellbeing. Our proprietary Valuation Line has shown that the fair value of ETHAN ALLEN INTERIORS’ share is around $26.6. However, ETHAN ALLEN INTERIORS’ stock is currently traded at $30.6, which means that it is slightly overvalued by 15.2%. We believe that this could be a great opportunity for investors to benefit from ETHAN ALLEN INTERIORS’ potential growth. More…
Peers
The company offers a wide range of furniture products, including bedroom, dining room, and living room furniture, as well as office, outdoor, and home accents. Ethan Allen Interiors Inc operates through a network of company-owned stores and licensed dealers. Traeger Inc, Whirlpool Corp, and Tempur Sealy International Inc are all major competitors of Ethan Allen Interiors Inc.
– Traeger Inc ($NYSE:COOK)
Traeger Inc has a market cap of 438.66M as of 2022, a Return on Equity of -26.37%. The company manufactures and sells wood pellet grills and related products.
– Whirlpool Corp ($NYSE:WHR)
Whirlpool Corporation is an American multinational manufacturing and marketing company of home appliances, headquartered in Benton Harbor, Michigan. The company has annual revenue of approximately $21 billion, 92,000 employees, and more than 70 manufacturing and technology research centers around the world.
– Tempur Sealy International Inc ($NYSE:TPX)
Tempur Sealy International Inc is a leading manufacturer, marketer and distributor of bedding products. The company’s products include mattresses, pillows, cushions, and other sleep-related accessories. Tempur Sealy International Inc has a market cap of 5.09B as of 2022, a Return on Equity of -287.04%. The company’s products are sold through a network of retailers, including department stores, mass merchandisers, specialty bedding retailers, and its own direct-to-consumer website. Tempur Sealy International Inc is headquartered in Lexington, Kentucky.
Summary
ETHAN ALLEN INTERIORS’ fourth quarter of FY2023 was disappointing, with revenues down 18.4% and net income down 19.4%. These results indicate a challenging environment for investors, and should be taken into consideration when evaluating the company’s potential. Despite this decline, ETHAN ALLEN INTERIORS remains a strong competitor in the furniture and home furnishings industry, and investors should consider its expansive product portfolio and loyal customer base when making their decision.
Related Posts
Recent Posts
