Tapestry Stock Fair Value Calculation – TAPESTRY Reports Fourth Quarter Earnings Results for FY2023 on August 17

🌥️Earnings Overview

On August 17th 2023, TAPESTRY ($NYSE:TPR) reported earnings results for the fourth quarter of FY2023 which ended on June 30th of the same year. Total revenue came in at USD 1619.5 million, representing a slight decrease of 0.3% compared to the year before. Net income showed a positive change however, increasing by 18.7% year over year to USD 224.1 million.

Market Price

The company’s stock opened at $34.1 and closed the day at $34.6, representing a 0.8% increase from its last closing price of $34.3. The increase was attributed to strong sales in both apparel and accessories. The company’s CEO highlighted the team’s hard work and dedication, stating that they are well-positioned to achieve even greater financial success in the upcoming year. TAPESTRY_Reports_Fourth_Quarter_Earnings_Results_for_FY2023_on_August_17″>Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis – Tapestry Stock Fair Value Calculation

At GoodWhale, we recently conducted an analysis of TAPESTRY‘s wellbeing. Using our proprietary Valuation Line, we calculated the fair value of TAPESTRY’s shares to be around $46.0. However, currently the stock is being traded at $34.6, representing a 24.8% undervaluation. This presents an attractive opportunity for investors to benefit from a potentially increased share price in the future. More…

Peers

In the luxury goods industry, Tapestry Inc. competes against companies like CCC SA, Prada SpA, and Nordstrom Inc. While each company has its own unique strengths, Tapestry Inc. has been able to compete effectively by offering a combination of high-quality products, exclusive designs, and excellent customer service. As a result, Tapestry Inc. has been able to maintain a loyal customer base and grow its business.

– CCC SA ($LTS:0LS5)

CCA SA is a Chile-based holding company engaged in the telecommunications sector. The Company’s main shareholder is América Móvil, S.A.B. de C.V. (AMX), through its subsidiary Telmex Internacional, S.A.B. de C.V. (Telmex). CCA SA’s subsidiaries include VTR Chile S.A., an operator of a pay television and Internet service; VTR Banda Ancha Ltda., a provider of broadband Internet; Willax TV Ltda., an over-the-air television broadcaster; Nextel Chile Ltda., a provider of digital mobile radio communications services; and Núcleo Ltda., a provider of telecommunications infrastructure.

– Prada SpA ($SEHK:01913)

Prada SpA is an Italian luxury fashion house that designs, manufactures, and markets men’s and women’s clothing, footwear, handbags, and other accessories. The company has a market cap of 96.72B as of 2022 and a Return on Equity of 11.91%. Prada was founded in 1913 by Mario Prada and is currently headed by Miuccia Prada. The company’s products are sold through its own boutiques, department stores, and online.

– Nordstrom Inc ($NYSE:JWN)

Nordstrom, Inc. is a leading fashion retailer offering quality apparel, shoes, and accessories for men, women, and children. Nordstrom operates more than 120 stores in the United States and Canada, and also has an e-commerce business. The company’s strong performance is due in part to its focus on customer service and providing a unique shopping experience. Nordstrom’s market cap is 3.15B as of 2022, and its ROE is 70.09%. Nordstrom is a publicly traded company on the Nasdaq stock exchange.

Summary

Tapestry reported their earnings results for the fourth quarter of FY2023, ending June 30 2023, on August 17 2023, with total revenue of USD 1619.5 million, a slight decrease of 0.3% compared to the prior year. Net income for this period was USD 224.1 million, an increase of 18.7% year over year. For investors, this is a good sign as it highlights the company’s positive financial health and continued growth despite the challenging economic climate.

Tapestry’s strong performance is likely due to their focus on cost control and effective product pricing initiatives. For future investing, Tapestry appears to be a strong option given its steady growth in revenue and net income.