Pilgrim’s Pride Stock Fair Value Calculator – PILGRIM’S PRIDE Reports Q2 FY2023 Earnings Results for June 30 2023
August 21, 2023
☀️Earnings Overview
PILGRIM’S PRIDE ($NASDAQ:PPC) reported revenue of USD 4308.1 million for the second quarter of FY2023, which ended on June 30 2023. This represented a 7.0% decrease from the same period in the prior year. Net income during this quarter came to USD 60.5 million, a decrease of 83.3% year over year.
Stock Price
On Thursday, PILGRIM’S PRIDE, a leading poultry producer and processor, released their Q2 FY2023 earnings results for June 30 2023. The company reported a positive outcome, as their stock opened at $24.8 and closed at $24.6, up by 1.7% from the last closing price of 24.2. This strong performance underlines the company’s success in adapting to changes in the market conditions, and the resilience of its business in the current economic environment. The company also saw an improvement in their gross margin, as the result of a decrease in operational expenses.
In the wake of these promising results, PILGRIM’S PRIDE reaffirmed its commitment to further strengthen its financial position and enhance shareholder value. The company remains focused on investing in its infrastructure and product development to ensure continued growth in the long term. PILGRIM’S PRIDE is well-positioned to capitalize on opportunities that may arise in their industry, and they continue to demonstrate an impressive performance in the current market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pilgrim’s Pride. More…
| Total Revenues | Net Income | Net Margin |
| 17.07k | 169.02 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pilgrim’s Pride. More…
| Operations | Investing | Financing |
| 337.99 | -497.5 | 212.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pilgrim’s Pride. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.92k | 6.85k | 12.92 |
Key Ratios Snapshot
Some of the financial key ratios for Pilgrim’s Pride are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.3% | 6.2% | 2.4% |
| FCF Margin | ROE | ROA |
| -1.4% | 8.5% | 2.6% |
Analysis – Pilgrim’s Pride Stock Fair Value Calculator
At GoodWhale, we have analyzed PILGRIM’S PRIDE‘s financials to get an understanding of the company’s intrinsic value. Our proprietary Valuation Line has calculated that the intrinsic value of PILGRIM’S PRIDE share is around $28.0. Currently, PILGRIM’S PRIDE stock is traded at $24.6, indicating that it is undervalued by 12.3%. This presents an opportunity for investors who are looking for a good value buy. More…
Peers
The company has been in business for over 70 years and has a long history of success.
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Summary
Pilgrim’s Pride reported their fiscal second quarter earnings results for the period ending June 30 2023, and the results show a significant decrease in revenue and net income compared to the same period last year. Total revenue for the quarter amounted to USD 4308.1 million, a decrease of 7.0% compared to the previous year. Net income dropped even further to USD 60.5 million, representing an 83.3% decline year over year.
This indicates a difficult operating environment for the company which could make investing in Pilgrim’s Pride a risky venture. Investors should carefully weigh the potential rewards against potential risks before making any decision.
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