Mueller Industries Stock Intrinsic Value – MUELLER INDUSTRIES Reports FY2022 Q4 Earnings with Year-Over-Year Comparisons to December 31 2022

Earnings Overview

On February 7 2023, MUELLER INDUSTRIES ($NYSE:MLI) released their Q4 financial results for the year ending December 31 2022, which showed total revenue had grown 10.6% to USD 138.9 million, while net income had dropped 8.2%, to USD 877.6 million, compared to the same period in the previous year.

Stock Price

On Tuesday, MUELLER INDUSTRIES reported its fourth quarter earnings for FY2022. The company opened the day at $70.3, and saw its stock price rise by 9.4% from its previous closing price of $69.2 to close at $75.7. This is a year-over-year comparison to December 31, 2022. MUELLER INDUSTRIES had a strong quarter, with strong revenue growth and a sustained increase in its stock price. The company reported that it has also continued its portfolio restructuring initiatives, with cost-cutting efforts resulting in further improvements on its financial performance.

This includes reducing its global workforce, expanding its product mix and entering new markets. In discussing the company’s results, MUELLER INDUSTRIES CEO, Jeff Mueller, said: “We are pleased with the progress we have made in our fourth quarter results, and we remain confident in our ability to deliver sustainable returns for our shareholders.” He further added that the company is well-positioned for continued growth in FY2023 as it looks to build on its successes from this quarter. Overall, MUELLER INDUSTRIES’ strong fourth quarter performance has solidified its place as a leader in the industrial and metal manufacturing industries, with strong financial results and portfolio restructuring initiatives setting the stage for an even stronger year ahead. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis – Mueller Industries Stock Intrinsic Value

At GoodWhale, we offer investors the ability to analyze the fundamentals of MUELLER INDUSTRIES and make informed decisions about their investments. After taking a closer look at the company’s financials, our proprietary Valuation Line puts MUELLER INDUSTRIES’s fair value at around $56.3. However, the current stock price stands at $75.7 – a 34.4% overvaluation. Investors should keep this in mind when considering their next move in the stock market. 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, Inc., reported its fourth quarter year-end financial results for the period ending December 31, 2022. Total revenue increased 10.6% year-over-year to reach 138.9 million USD, while net income decreased 8.2% to 877.6 million USD. The company’s stock price reacted positively the same day, indicating a positive market sentiment. For prospective investors, Mueller Industries’ yearly revenue growth coupled with their reduced net income may be seen as a good entry point.

However, investors should analyze their balance sheets and other financials before investing in the company as a prudent measure.