National Vision Stock Fair Value – NATIONAL VISION Reports Q2 FY2023 Earnings Results for June 30, 2023
August 16, 2023
☀️Earnings Overview
On August 10 2023, NATIONAL VISION ($NASDAQ:EYE) revealed their earnings figures for the second quarter of FY2023, ending June 30 2023. The total revenue for the period was reported to be USD 525.3 million, representing an increase of 3.1% compared to the same quarter from the previous year. Unfortunately, net income for the quarter was USD 5.6 million, showing a 42.3% decrease compared to the results from the same period in the prior year.
Price History
On Thursday, June 30, 2023, NATIONAL VISION reported its financial results for the fiscal second quarter of 2023. The stock opened at $21.5 and closed at $19.8, marking a drop of 5.5% from its previous closing price of $21.0. This decline was likely due to investors’ concerns over NATIONAL VISION’s future performance, especially in light of the challenging economic conditions. Despite this drop in its stock value, NATIONAL VISION reported strong numbers for the quarter.
In addition, the company saw a double-digit growth in both its retail and online sales channels, indicating that it is successfully adapting to changing consumer buying habits. While its stock may be down in the short term, NATIONAL VISION is well-positioned for long-term success. Its strong financials, combined with its focus on innovation and customer experience, should ensure that it remains a leader in the retail market for many years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for National Vision. More…
| Total Revenues | Net Income | Net Margin |
| 2.06k | 26.12 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for National Vision. More…
| Operations | Investing | Financing |
| 143.38 | -109.98 | -33.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for National Vision. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.33k | 1.43k | 11.62 |
Key Ratios Snapshot
Some of the financial key ratios for National Vision are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | 40.4% | 2.1% |
| FCF Margin | ROE | ROA |
| 1.5% | 3.0% | 1.2% |
Analysis – National Vision Stock Fair Value
At GoodWhale, we have conducted a thorough analysis of the fundamentals of NATIONAL VISION, and have come to the conclusion that the intrinsic value of a share of NATIONAL VISION is around $40.7. This value was calculated with our proprietary valuation line, which takes into account various factors including financials, market sentiment, competition, and industry conditions. Currently, NATIONAL VISION stock is being traded at $19.8 per share, which means that it is currently undervalued by 51.3%. This presents an opportunity for investors to purchase shares in NATIONAL VISION at a discounted price, assuming that they believe in the company’s long-term prospects. We believe that with the proper research and analysis, investors can make an informed decision on whether or not to invest in NATIONAL VISION. More…
Peers
The company operates retail locations under the America’s Best Contacts & Eyeglasses, Eyeglass World, Vision Center, and Vision Works brands. National Vision also provides optical products and services to over 3,000 ophthalmology and optometry practices. The company’s primary competitors are Movado Group, Inc., Bed Bath & Beyond, Inc., and Signet Jewelers Ltd.
– Movado Group Inc ($NYSE:MOV)
Movado Group Inc is a designer and manufacturer of watches and jewelry. The company’s products are sold through its own retail stores, department stores, and specialty retailers. Movado Group Inc has a market cap of 730.25M as of 2022, a Return on Equity of 18.27%. The company’s products are targeted at the high-end of the market and its customers are typically affluent individuals. Movado Group Inc has a strong brand and is well-positioned to continue growing its business.
– Bed Bath & Beyond Inc ($NASDAQ:BBBY)
Bath & Beyond Inc. is an American chain of domestic merchandise retail stores. It was founded in 1971 and is headquartered in New Jersey. The company operates more than 1,000 stores across the United States and Canada. Bath & Beyond offers a wide range of products for the home, including kitchen and dining items, bedding and bath items, furniture and home decor items. The company also operates a website and mobile app, which allow customers to purchase products online and in-store. Bath & Beyond has a market cap of 354.35M as of 2022 and a return on equity of 146.77%. The company is a publicly traded company listed on the NASDAQ stock exchange.
– Signet Jewelers Ltd ($NYSE:SIG)
Signet Jewelers Ltd is a specialty jewelry retailer. The company operates more than 3,600 stores in the United States, Canada, and the United Kingdom. It offers a variety of jewelry products, including diamonds, gemstones, gold, silver, and watches. The company also provides services, such as repair and maintenance, financing, and insurance.
Summary
NATIONAL VISION reported their earnings results for the second quarter of FY2023, with total revenue of USD 525.3 million, a 3.1% increase from the previous year.
However, net income showed a 42.3% decrease compared to last year at USD 5.6 million. Investors reacted negatively to the news, as the stock price moved down the same day. Analysts suggest that the company may be facing challenges in terms of profitability due to a relatively slower growth rate and lower net income figures, although total revenue remains positive. Investors should keep a close watch on NATIONAL VISION’s future performance as it could be a good entry point for potential buyers.
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