Mueller Industries Intrinsic Value Calculator – MUELLER INDUSTRIES Reports Earnings Results for FY2023 Q2
August 26, 2023
🌥️Earnings Overview
On July 25 2023, MUELLER INDUSTRIES ($NYSE:MLI) reported their earnings results for Q2 of FY2023, which had concluded on June 30. The total revenue for the quarter was USD 897.0 million, a 22.0% decrease compared to the same quarter in the prior year. Net income for the quarter was USD 177.7 million, which represented a 14.0% decrease year over year.
Price History
MUELLER INDUSTRIES, a leading global manufacturer of copper, brass, plastic and aluminum products, recently reported its earnings results for the second quarter of FY2023. On Tuesday, MUELLER INDUSTRIES stock opened at $89.1 and closed at $82.7, resulting in a 9.9% drop from the previous closing price of 91.8. This marked the lowest closing price for MUELLER INDUSTRIES shares in the past three months, as investors reacted to the company’s earnings report. Despite these impressive figures, investors were disappointed by the company’s failure to meet market expectations and responded by selling off their shares. MUELLER INDUSTRIES is now focusing on increasing its operational efficiency and expanding its product portfolio in order to remain competitive and capitalize on growth opportunities.
The company recently announced a new initiative to revitalize its product lines and is also looking to expand into new markets through strategic partnerships and acquisitions. Overall, MUELLER INDUSTRIES is taking steps to ensure that it remains a dominant presence in the global manufacturing industry and continues to realize sustainable growth in the long-term. Investors will be looking to the company’s next quarterly report to assess whether their efforts are paying off. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mueller Industries. More…
| Total Revenues | Net Income | Net Margin |
| 3.69k | 644.4 | 16.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mueller Industries. More…
| Operations | Investing | Financing |
| 770.24 | -119.93 | -96.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mueller Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.58k | 433.48 | 37.27 |
Key Ratios Snapshot
Some of the financial key ratios for Mueller Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.8% | 65.2% | 23.6% |
| FCF Margin | ROE | ROA |
| 19.7% | 26.7% | 21.1% |
Analysis – Mueller Industries Intrinsic Value Calculator
At GoodWhale, we have been taking a deep dive into the financials of MUELLER INDUSTRIES. After conducting an in-depth analysis, we have found that the fair value of MUELLER INDUSTRIES share is around $57.0. This figure was calculated by our proprietary Valuation Line which takes into consideration various factors such as current market conditions as well as the company’s performance and financials. However, at present, MUELLER INDUSTRIES stock is trading at $82.7, which is an overvaluation of 45.2%. Investors should take this into account when making their decisions and understand the risks involved in investing in this stock at such a high valuation. More…
Peers
Its competitors include Franklin Electric Co Inc, Furukawa Electric Co Ltd, PT Tembaga Mulia Semanan Tbk.
– Franklin Electric Co Inc ($NASDAQ:FELE)
Franklin Electric Co Inc is a manufacturer of submersible motors, pumps, and related parts and equipment. The company has a market capitalization of $3.95 billion as of 2022 and a return on equity of 18.79%. The company’s products are used in a variety of applications including residential, agricultural, commercial, and industrial water pumping.
– Furukawa Electric Co Ltd ($TSE:5801)
Furukawa Electric Co., Ltd. engages in the manufacture and sale of electric and electronic materials, products, and systems. It operates through the following segments: Electronic Devices, Optics, and Communication; Materials; Automotive; and Energy. The Electronic Devices, Optics, and Communication segment offers copper clad laminates, printed wiring boards, lead frames, optical fibers, optical fiber cables, and optical connectors. The Materials segment provides aluminum wire rods, aluminum alloys, aluminum foils, rare metals, and chemical products. The Automotive segment supplies automotive parts such as electric wires and cables, connectors, and battery terminals. The Energy segment offers power cables and power distribution equipment. The company was founded by Masaru Furukawa on June 8, 1949 and is headquartered in Tokyo, Japan.
– PT Tembaga Mulia Semanan Tbk ($IDX:TBMS)
PT Tembaga Mulia Semanan Tbk is one of the largest mining companies in Indonesia with a market cap of 593.25B as of 2022. The company is engaged in the exploration, mining, and smelting of copper and gold.
Summary
Mueller Industries reported their earnings results for the second quarter of 2023 (ending June 30th), recording total revenues of USD 897.0 million, a 22.0% decrease from the prior year, and net income of USD 177.7 million, a 14.0% year-over-year decrease. Following the announcement, the stock price of Mueller Industries dropped accordingly. For investors looking to assess the current status of the company, it is important to note that the decreased revenue and net income indicate that the company may be struggling in terms of performance and profitability. However, investors should also consider other factors when making their decision on whether or not to invest in Mueller Industries.
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