FND Stock Intrinsic Value – FLOOR & DECOR Reports Second Quarter FY2023 Earnings Results on June 30, 2023

August 7, 2023

🌥️Earnings Overview

On June 30, 2023, FLOOR & DECOR ($NYSE:FND) announced their earnings report for the second quarter of FY2023. Total revenue was USD 1135.9 million – a 4.2% increase compared to the same period last year – but net income fell by 12.7%, amounting to USD 71.4 million.

Stock Price

The company‚Äôs stock opened at $110.3 and closed at $111.0, down by 0.4% from its last closing price of $111.5. The company attributed these financial results to their robust inventory control strategy and their efficient cost management system. Overall, the second quarter of FY2023 has been a success for FLOOR & DECOR, as they have achieved strong financial results while continuing to provide high-quality products and services to their customers. They have also implemented various initiatives to streamline their operations and drive further efficiencies in order to ensure that they remain competitive in the marketplace. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for FND. More…

    Total Revenues Net Income Net Margin
    4.4k 288.39 6.5%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for FND. More…

    Operations Investing Financing
    581.24 -541.34 -41.91
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for FND. More…

    Total Assets Total Liabilities Book Value Per Share
    4.48k 2.67k 17.01
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for FND are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    28.7% 39.9% 8.8%
    FCF Margin ROE ROA
    1.4% 13.7% 5.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – FND Stock Intrinsic Value

    At GoodWhale, we have conducted an analysis of FLOOR & DECOR’s fundamentals and calculated the intrinsic value of its shares to be around $120.6 using our proprietary Valuation Line. We have found that the current stock price of $111.0 is a fair price that is undervalued by 8.0%. This could represent a good opportunity for investors who are looking for a good value buy. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    Floor & Decor Holdings Inc. is one of the leading flooring retailers in the United States. The company offers a wide variety of flooring products and services, including ceramic tile, hardwood, laminate, and stone. Floor & Decor also provides installation services and financing options. The company’s competitors include Victorian Plumbing Group PLC, Lowe’s Companies Inc, and Marks Electrical Group PLC.

    – Victorian Plumbing Group PLC ($LSE:VIC)

    Victorian Plumbing Group PLC is a United Kingdom-based company, which is engaged in the retail of plumbing and bathroom products. The Company offers a range of over 10,000 products, including baths, toilets, basins, taps, showers, furniture, heating, lighting, and accessories. It offers its products through its website and showroom. The Company operates through two segments: United Kingdom and Europe.

    – Lowe’s Companies Inc ($NYSE:LOW)

    Lowe’s Companies Inc. is a publicly traded company with a market capitalization of 111.61 billion as of March 2022. The company operates in the home improvement and retail sectors and has a return on equity of -99.39%. Lowe’s Companies Inc. was founded in 1946 and is headquartered in Mooresville, North Carolina. The company operates over 2,200 stores in the United States, Canada, and Mexico. Lowe’s Companies Inc. offers a variety of home improvement products and services, including appliances, tools, hardware, and more.

    – Marks Electrical Group PLC ($LSE:MRK)

    Marks Electrical Group PLC is a leading provider of electrical products and services in the United Kingdom. The company has a market capitalization of 71.37 million as of 2022 and a return on equity of 27.33%. Marks Electrical Group PLC is a publicly traded company listed on the London Stock Exchange. The company offers a wide range of electrical products and services, including electrical installation, repair, and maintenance services.

    Summary

    FLOOR & DECOR reported their earnings results for Q2 FY2023, showing total revenue growth of 4.2% year-on-year to USD 1135.9 million, although net income decreased by 12.7% to 71.4 million. This suggests that despite the increase in revenue, FLOOR & DECOR is facing challenges in cost management. Investors should watch for further developments, such as changes in the business model and cost structures, to determine whether the company is improving its profitability. In addition, they should also monitor the company’s performance across all its segments to identify potential opportunities for growth.

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