Franklin Electric Intrinsic Value – FRANKLIN ELECTRIC Reports Financial Results for Second Quarter of FY2023

🌥️Earnings Overview

FRANKLIN ELECTRIC ($NASDAQ:FELE) announced their financial results for the second quarter of FY2023, ending on June 30 2023, with total revenue amounting to USD 569.2 million, a growth of 3.3% compared to the year prior. Net income rose by 0.4% year over year, amounting to USD 59.6 million.

Stock Price

The stock opened the day at $100.4 and closed at $101.5, representing a 4.6% decrease from its previous closing price of 106.4. This was mainly attributed to decreased sales due to the global economic downturn. This reduction in operating costs was mainly attributed to cost cutting measures implemented by the company in response to the pandemic. The company will need to take further measures going forward to ensure that it can remain profitable amidst the current economic conditions. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis – Franklin Electric Intrinsic Value

At GoodWhale, we have conducted an analysis of FRANKLIN ELECTRIC‘s financials and found that the fair value of FRANKLIN ELECTRIC share is around $101.2, which we have calculated using our proprietary Valuation Line. We are pleased to note that the current price of FRANKLIN ELECTRIC stock is $101.5, making it a fair price. More…

Peers

Franklin Electric Co. Inc. is an American manufacturer of submersible motors, pumps, and control systems. The company operates in three segments: Water Systems, Fueling Systems, and Industrial Systems. The Water Systems segment provides submersible motors, pumps, and control systems for residential, farm, commercial, and industrial water applications. The Fueling Systems segment offers submersible pumps and motors for fueling applications, such as petrol stations and aviation refueling. The Industrial Systems segment provides submersible motors and pumps for a variety of industries, including chemical, oil and gas, mining, and water and wastewater treatment. The company’s competitors include JE Cleantech Holdings Ltd, KenMec Mechanical Engineering Co Ltd, and Siasun Robot & Automation Co Ltd.

– JE Cleantech Holdings Ltd ($NASDAQ:JCSE)

JE Cleantech Holdings Ltd is a solar energy company that designs, develops, manufactures, and sells solar photovoltaic modules and systems. The company has a market cap of 12.09M as of 2022 and a return on equity of -2.6%. JE Cleantech Holdings Ltd is headquartered in Hong Kong.

– KenMec Mechanical Engineering Co Ltd ($TPEX:6125)

KenMec Mechanical Engineering Co Ltd has a market cap of 5.89B as of 2022. Its Return on Equity is -5.05%. The company is engaged in the manufacturing of mechanical and electrical products. Its products include electric motors, generators, pumps, compressors, fans, and other mechanical products.

– Siasun Robot & Automation Co Ltd ($SZSE:300024)

Siasun Robot & Automation Co Ltd is a Chinese company that manufactures robots and automation equipment. The company has a market cap of 14.22B as of 2022 and a return on equity of -7.76%. The company’s products are used in a variety of industries, including automotive, electronics, food and beverage, and pharmaceuticals.

Summary

FRANKLIN ELECTRIC reported strong financial results for the second quarter of FY2023, with total revenue of USD 569.2 million and net income of USD 59.6 million, both up year over year. Despite this positive news, the stock price moved down on the same day. Investors may be concerned about the slow growth rate in net income or the current market environment. Those looking to invest in FRANKLIN ELECTRIC should conduct further research and analysis before making any decisions.