Lifetime Brands Intrinsic Stock Value – LIFETIME BRANDS Reports Q2 Earnings Results for FY2023 Ending August 3 2023
August 9, 2023
🌥️Earnings Overview
LIFETIME BRANDS ($NASDAQ:LCUT) announced their FY2023 Q2 earnings results for the period ending August 3 2023 on June 30 2023. Total revenue was USD 146.4 million, a decrease of 3.2% year-on-year. Net income was reported at USD -6.5 million, a decrease of 3.0 million compared to the same period last year.
Share Price
The stock opened at $5.6 and closed at $5.5, a 0.2% decrease from its previous closing price of 5.5. The market responded negatively to the earnings results which showed a decline in net income and revenue compared to the previous year. These results come at a time when the company is investing heavily in technological advancements to stay competitive in the market and maintain its leadership position. In a statement following the release of results, CEO Kenneth Boer stated, “We are proud of the progress we have made this quarter, and while we expected our financial results to be lower than previous periods, our investments in technology and innovation are ensuring that we remain competitive in our industry.”
He also noted that the company plans to continue investing in technological advancements, customer service, and product innovation going forward. Overall, the results from LIFETIME BRANDS‘ second quarter of FY2023 were a mixed bag that left investors with more questions than answers. The company’s focus on technological advancements and innovation going forward should help them improve their results and remain competitive in their industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lifetime Brands. More…
| Total Revenues | Net Income | Net Margin |
| 685.5 | -18.41 | -2.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lifetime Brands. More…
| Operations | Investing | Financing |
| 62.17 | -2.49 | -51.83 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lifetime Brands. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 665.24 | 442.19 | 10.23 |
Key Ratios Snapshot
Some of the financial key ratios for Lifetime Brands are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.4% | -9.9% | 3.7% |
| FCF Margin | ROE | ROA |
| 8.7% | 6.9% | 2.4% |
Analysis – Lifetime Brands Intrinsic Stock Value
At GoodWhale, we have conducted a comprehensive analysis of the fundamentals of LIFETIME BRANDS. Through our proprietary Valuation Line, we have determined that the fair value of LIFETIME BRANDS shares is currently around $9.8. This means that the stock is currently trading at $5.5, representing an undervaluation of 43.8%. We believe that investing in LIFETIME BRANDS stock at this price could provide an attractive return to investors. More…
Peers
In the highly competitive world of home improvement and furnishings, Lifetime Brands Inc has been pitted against some tough competition. Westwing Group SE, Howden Joinery Group PLC, and Bloom Dekor Ltd are all companies that offer similar products and services. Each company has its own unique selling points, which it uses to attract customers. In order to stay ahead of the competition, Lifetime Brands Inc has to continuously come up with new and innovative products and services that appeal to its target market. It is only through continuous innovation and excellent customer service that Lifetime Brands Inc will be able to maintain its position as a leading player in this industry.
– Westwing Group SE ($OTCPK:WTWGF)
Westwing Group SE is a German home and living e-commerce company headquartered in Munich. It offers a curated selection of home décor and furnishing products. The company operates in 11 countries: Austria, Belgium, Czech Republic, France, Germany, Italy, Netherlands, Poland, Portugal, Spain, and Switzerland. As of December 31, 2020, Westwing Group SE had 2,958 employees.
– Howden Joinery Group PLC ($LSE:HWDN)
Howden Joinery Group PLC is a British company that manufactures and sells kitchens, joinery and timber products. It has a market capitalization of £2.9 billion as of March 2021 and a return on equity of 28.49%. The company operates through two segments: Joinery and Timber. The Joinery segment manufactures and sells kitchens, joinery and related products through its Howdens brand in the United Kingdom, France, Belgium, the Netherlands and Ireland. The Timber segment manufactures and sells timber products, including flooring, decking, fencing and cladding, through its Timberland brand in the United Kingdom.
– Bloom Dekor Ltd ($BSE:526225)
Bekor Ltd is a publicly traded company with a market capitalization of 123.64M as of 2022. The company has a return on equity of -27.74%. Bekor Ltd is engaged in the business of manufacturing and selling decorative products. The company’s products include wallpapers, fabrics, and other home decor items.
Summary
Investors in LIFETIME BRANDS should take note of the company’s FY2023 Q2 earnings results for the period ending August 3 2023. Total revenue decreased by 3.2%, while reported net income decreased by -3.0 million compared to the same time last year. This may be concerning to investors looking for long-term growth in the company, and suggest that further research should be done to assess future potential returns. Investors should consider analyzing the company’s performance in the broader industry context, as well as its individual competitive advantages and financial health, before making any decisions.
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