National Vision Stock Intrinsic Value – NATIONAL VISION Reports 6.6% Year-Over-Year Revenue Increase of USD 532.4 Million in FY2023 Q3
December 10, 2023
☀️Earnings Overview
On November 9 2023, NATIONAL VISION ($NASDAQ:EYE) reported that their Q3 FY2023 earnings resulted in USD 532.4 million in total revenue, which was a 6.6% year-over-year increase. However, the company’s net income for the quarter was USD -73.8 million, a significant drop from the USD 11.5 million recorded in the same period of the prior year.
Analysis – National Vision Stock Intrinsic Value
GoodWhale conducted an analysis of NATIONAL VISION‘s financials, and through the use of their proprietary Valuation Line, found that the intrinsic value of one NATIONAL VISION share is approximately $40.3. At present, NATIONAL VISION stock is trading at only $17.3, which represents an undervaluation of 57.0%. As such, GoodWhale recommends that investors consider buying NATIONAL VISION stock, as it currently provides a great opportunity to invest in the company at a discounted price. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for National Vision. More…
| Total Revenues | Net Income | Net Margin |
| 2.09k | -59.17 | 0.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for National Vision. More…
| Operations | Investing | Financing |
| 151.13 | -107.41 | -34.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for National Vision. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.27k | 1.43k | 10.74 |
Key Ratios Snapshot
Some of the financial key ratios for National Vision are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.9% | -15.5% | 1.6% |
| FCF Margin | ROE | ROA |
| 2.0% | 2.4% | 0.9% |
Peers
The company operates retail locations under the America’s Best Contacts & Eyeglasses, Eyeglass World, Vision Center, and Vision Works brands. National Vision also provides optical products and services to over 3,000 ophthalmology and optometry practices. The company’s primary competitors are Movado Group, Inc., Bed Bath & Beyond, Inc., and Signet Jewelers Ltd.
– Movado Group Inc ($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
Investing in NATIONAL VISION appears to have its ups and downs. The company recently reported their FY2023 Q3 earnings results, which showed total revenue of USD 532.4 million, up 6.6% from the same period of the prior year.
However, their net income was recorded at USD -73.8 million, a decrease from the USD 11.5 million reported in the prior year. Despite this, the stock price moved up the same day, suggesting that investors may still be optimistic about NATIONAL VISION’s future performance. It is important for potential investors to carefully analyze the company, evaluate their current situation, and decide if NATIONAL VISION is a good investment for them.
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