Home Depot Intrinsic Value Calculator – Home Depot Reports Positive Earnings Results for Q2 of FY2024
August 17, 2023
☀️Earnings Overview
On August 15 2023, HOME DEPOT ($NYSE:HD) reported their fiscal year 2024, second quarter results (ending July 31 2023), showing a total revenue of USD 42.9 billion, a 2.0% decrease from the same period a year prior. Net income was reported as USD 4.7 billion, a 9.9% decrease year over year.
Price History
On Tuesday, Home Depot reported positive earnings results for Q2 of FY2024, as the company’s stock opened at $331.8 and closed at $332.1, up by 0.7% from its last closing price of 330.0. This marks an incremental increase in the company’s share price from the previous quarter, further demonstrating the strength of the Home Depot brand. Home Depot’s commitment to growing market share and increasing profits resulted in favorable stock movement and solid financial results for investors.
Overall, Home Depot’s Q2 earnings suggest that the company remains well-positioned to continue its successful trajectory moving forward. With a strong focus on customer satisfaction and operational efficiency, Home Depot is in a great position to continue providing customers with the products and services they need. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Home Depot. More…
| Total Revenues | Net Income | Net Margin |
| 154.88k | 16.23k | 10.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Home Depot. More…
| Operations | Investing | Financing |
| 19.64k | -3.58k | -14.46k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Home Depot. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 76.39k | 75.05k | 0.36 |
Key Ratios Snapshot
Some of the financial key ratios for Home Depot are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.1% | 11.3% | 15.0% |
| FCF Margin | ROE | ROA |
| 10.5% | 3999.3% | 19.0% |
Analysis – Home Depot Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of HOME DEPOT‘s financials. Our proprietary Valuation Line has determined the fair value of HOME DEPOT’s share to be around $338.5. Currently, the stock is trading for $332.1, which is a fair price that is slightly undervalued by 1.9%. More…
Peers
The Home Depot Inc is one of the leading home improvement retailers in the United States. The company operates more than 2,200 stores across the country. Lowe’s Companies Inc is another leading home improvement retailer in the United States. The company operates more than 1,700 stores across the country. Floor & Decor Holdings Inc is a leading specialty retailer of hard surface flooring in the United States. The company operates more than 100 stores across the country. Wayfair Inc is a leading online retailer of home furnishings and home décor products.
– Lowe’s Companies Inc ($NYSE:LOW)
Lowe’s Companies, Inc. is a home improvement company that operates stores in the United States, Canada, and Mexico. The company offers a wide variety of home improvement products, including appliances, tools, hardware, flooring, and more. Lowe’s is also involved in home improvement services, such as installation, repair, and remodeling. The company has a market cap of $114.17B and a return on equity of -99.39%.
– Floor & Decor Holdings Inc ($NYSE:FND)
Floor & Decor Holdings Inc is a specialty retailer of hard surface flooring and related accessories, with 97 stores across 27 states in the United States. The company offers a wide selection of ceramic tile, porcelain tile, natural stone, wood flooring, laminate, and vinyl flooring products. It also provides installation services for customers who purchase their products. Floor & Decor Holdings Inc has a market cap of 7.06B as of 2022, a Return on Equity of 14.88%.
– Wayfair Inc ($NYSE:W)
As of 2022, Wayfair Inc has a market cap of 3.37B and a Return on Equity of 29.2%. The company provides an online platform for home goods and furniture retailers. It operates through two segments, Direct and Marketplace. The Direct segment offers products through its own website. The Marketplace segment offers products through third-party websites.
Summary
Home Depot‘s second quarter financials for FY2024 showed an overall decrease in revenue and net income year over year. Revenue totaled $42.9 billion, a 2.0% decrease while net income decreased 9.9%, totaling $4.7 billion. Despite this, analysts remain confident in Home Depot’s ability to weather the current economic climate, citing their strong market presence and commitment to increasing efficiency. Investors should continue to monitor Home Depot’s progress in order to determine the best course of action for their investments.
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