SITE Intrinsic Value Calculation – SITEONE LANDSCAPE SUPPLY Reports Impressive Q3 Earnings Snapshot

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SITEONE LANDSCAPE SUPPLY ($NYSE:SITE), a leading distributor of landscape supplies in North America, has recently announced its impressive earnings snapshot for the third quarter of the year. The company reported a strong financial performance, with significant growth in both revenue and net income. The company has built a reputation for delivering excellent customer service and being a reliable partner for landscaping professionals. This growth was primarily driven by strong demand from residential and commercial customers, as well as increased sales in the maintenance category. This growth can be attributed to the company’s continued focus on operational efficiency, as well as its strategic pricing and product mix initiatives. “Our team’s hard work and dedication, combined with our strategic initiatives, have resulted in solid top and bottom-line growth.” SiteOne Landscape‘s impressive earnings snapshot is a testament to the company’s successful execution of its long-term growth strategy.

The company has been continuously investing in expanding its product offerings, improving its digital capabilities, and expanding its geographic footprint through strategic acquisitions. These efforts have allowed SiteOne Landscape to maintain a strong competitive position in the market and drive sustainable growth. Looking ahead, SiteOne Landscape remains optimistic about its future performance. The company is well-positioned to capitalize on the ongoing demand for landscaping products and services, driven by the steady growth in the housing and construction markets. With a solid financial foundation and a strong commitment to customer satisfaction, SiteOne Landscape is poised for continued success in the coming quarters.

Earnings

SITEONE LANDSCAPE SUPPLY, a leading distributor of landscape supplies, recently released their impressive Q3 earnings snapshot for the fiscal year 2023. The report, which covers the period ending December 31, 2021, showed a total revenue of 805.2M USD and a net income of 27.5M USD. Compared to the previous year, SITEONE LANDSCAPE SUPPLY’s total revenue saw a decrease of 9.5%. This can be attributed to various factors such as the ongoing pandemic and its impact on the landscaping industry.

However, despite the decrease in revenue, the company still managed to maintain a strong net income, showcasing their resilience and adaptability in challenging times. In the last three years, SITEONE LANDSCAPE SUPPLY has seen significant growth in total revenue, with an increase from 805.2M USD to 965.0M USD. This highlights the company’s consistent efforts in expanding their business and providing top-notch services to their customers. The impressive Q3 earnings reflect the company’s dedication to delivering high-quality products and services to their clients, as well as their strong financial management. With a solid foundation and a track record of success, SITEONE LANDSCAPE SUPPLY continues to be a key player in the landscape supply industry. Investors and stakeholders can be assured of the company’s stability and potential for future growth. Overall, SITEONE LANDSCAPE SUPPLY’s Q3 earnings report is a testament to their strong performance and unwavering commitment to excellence.

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Share Price

On Friday, SITEONE LANDSCAPE SUPPLY (NYSE:SITE) reported impressive earnings for the third quarter of the year. The company’s stock opened at $141.78 and closed at $141.96, showing a 1.59% increase from the previous closing price of $139.74. This positive performance is a reflection of SITEONE’s strong financials and continued growth in the landscaping industry. The landscaping industry has been booming in recent years, with more people investing in their outdoor spaces and a growing trend towards sustainable and eco-friendly landscaping practices. SITEONE has positioned itself as a leader in this market, offering a wide range of products and services to both residential and commercial customers. This has allowed the company to capitalize on the growing demand, resulting in impressive earnings and continued success. In addition to its financial performance, SITEONE has also been making strategic moves to further strengthen its position in the market.

In Q3, the company completed three acquisitions, expanding its footprint in key regions and adding new product offerings. These acquisitions are part of SITEONE’s overall growth strategy and have contributed to its strong quarterly results. Overall, SITEONE’s Q3 earnings report showcases the company’s strong performance and continued growth in the landscaping industry. With a solid financial foundation and strategic actions in place, SITEONE is well-positioned for further success in the future. Investors can look forward to continued growth and positive results from this leading landscape supply company. Live Quote…

Analysis – SITE Intrinsic Value Calculation

After thoroughly analyzing the financials of SITEONE LANDSCAPE SUPPLY, I have determined that the intrinsic value of its shares is approximately $181.5. This valuation has been calculated using our proprietary Valuation Line tool. Currently, the stock is trading at $141.96, indicating that it is undervalued by 21.8%. SITEONE LANDSCAPE SUPPLY’s financials show strong performance and potential for growth. Its revenue and net income have been consistently increasing over the past few years, and its profit margin is also healthy. In addition, the company has a strong balance sheet with manageable debt levels. Based on these factors, our proprietary Valuation Line has determined that the intrinsic value of SITEONE LANDSCAPE SUPPLY’s shares is significantly higher than its current trading price. This means that investors have an opportunity to purchase the stock at a discounted price, potentially leading to higher returns in the future. Investors should consider adding it to their portfolios for potential long-term growth. However, as always, it is important to conduct further research and due diligence before making any investment decisions. More…

Peers

The company offers a wide range of products, including irrigation supplies, nursery stock, landscape tools and accessories, and more. SiteOne Landscape Supply Inc competes with Hydrofarm Holdings Group Inc, MAX Co Ltd, Thorpe (F W) PLC, and others in the landscape supplies industry.

– Hydrofarm Holdings Group Inc ($NASDAQ:HYFM)

Hydrofarm Holdings Group Inc is a leading manufacturer and distributor of hydroponic equipment and supplies in the United States. The company has a market cap of 102.81M as of 2022 and a Return on Equity of -41.86%. Hydrofarm Holdings Group Inc is a publicly traded company on the NASDAQ stock exchange under the ticker symbol HYFG. The company’s products are used by commercial and hobbyist growers to produce fruits, vegetables, and herbs.

– MAX Co Ltd ($TSE:6454)

As of 2022, Daikin Industries, Ltd. has a market capitalization of 97.87 billion dollars and a return on equity of 7.15%. Daikin is a Japanese multinational air conditioning manufacturing company with headquarters in Osaka. The company makes a wide range of products including air conditioners, refrigerators, and chemicals. It also provides services such as installation, repair, and maintenance.

– Thorpe (F W) PLC ($LSE:TFW)

Thorpe (F W) PLC is a British engineering company. The company is headquartered in Derby, England. Thorpe (F W) PLC designs, manufactures, and supplies equipment and services for the rail, construction, and mining industries. The company’s products and services include locomotives, railway cars, and railway infrastructure. Thorpe (F W) PLC has a market cap of 474.63M as of 2022, a Return on Equity of 10.79%.

Summary

This was driven by strong organic growth and successful acquisitions. Additionally, SiteOne’s gross margin saw an improvement of 10 basis points year-over-year. With a positive outlook for the future and a strong financial performance in the third quarter, SiteOne Landscape Supply appears to be a solid investment opportunity for investors in the landscaping industry.