ETD Stock Intrinsic Value – ETHAN ALLEN INTERIORS Reports 18.4% Decrease in Q4 FY2023 Revenue
August 21, 2023
🌥️Earnings Overview
On June 30 2023, ETHAN ALLEN INTERIORS ($NYSE:ETD) reported a total revenue of USD 187.4 million for the fourth quarter of FY2023; a decrease of 18.4% compared to the same quarter of the previous year. Net income for the quarter was also down 19.4%, amounting to USD 25.4 million.
Analysis – ETD Stock Intrinsic Value
GoodWhale’s analysis of ETHAN ALLEN INTERIORS’s financial data shows that the fair value of the company’s share is around $26.5. This calculation was done using GoodWhale’s proprietary Valuation Line tool. Currently, ETHAN ALLEN INTERIORS stock is traded at $30.6, which is a fair price but is overvalued by 15.4%. This means that there could be an opportunity to purchase the stock at a discounted price in the near future. In assessing the fair value of ETHAN ALLEN INTERIORS, GoodWhale takes into account a variety of factors, such as the company’s financial performance, future prospects, industry dynamics, and macroeconomic trends. Ultimately, GoodWhale’s Valuation Line provides investors with a reliable estimate of the fair value of ETHAN ALLEN INTERIORS stock so that they can make informed investment decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ETD. More…
| Total Revenues | Net Income | Net Margin |
| 791.38 | 105.81 | 13.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ETD. More…
| Operations | Investing | Financing |
| 103.71 | -13.97 | -49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ETD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 745.45 | 274.45 | 18.58 |
Key Ratios Snapshot
Some of the financial key ratios for ETD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | 125.6% | 16.9% |
| FCF Margin | ROE | ROA |
| 11.2% | 18.1% | 11.2% |
Peers
The company offers a wide range of furniture products, including bedroom, dining room, and living room furniture, as well as office, outdoor, and home accents. Ethan Allen Interiors Inc operates through a network of company-owned stores and licensed dealers. Traeger Inc, Whirlpool Corp, and Tempur Sealy International Inc are all major competitors of Ethan Allen Interiors Inc.
– Traeger Inc ($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
Investors should take notice of ETHAN ALLEN INTERIORS’ fourth quarter earnings results, as total revenue for the quarter dropped by 18.4% compared to the same quarter of the previous year. Net income also decreased by 19.4%, amounting to USD 25.4 million. Although the company is currently facing some financial difficulty, it is important to note that the company still has potential for long-term growth and profitability. Investors should consider the company’s financial, operational, and strategic performance when considering whether to invest in ETHAN ALLEN INTERIORS.
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