Ufp Industries Intrinsic Value Calculator – UFP INDUSTRIES Reports Second Quarter FY2023 Earnings Results on August 2nd

🌥️Earnings Overview

On August 2 2023, UFP ($NASDAQ:UFPI) Industries released their earnings results for the second quarter of FY2023, ending on June 30 2023. Revenue was USD 2043.9 million, a drop of 29.5% from the same quarter in the prior year. Net income was reported at USD 150.8 million, a 25.8% decline year-over-year.

Stock Price

The company’s stock opened at $102.0 and closed at $102.4, representing a decrease of 0.9% from the previous closing price of $103.4. UFP INDUSTRIES’ CEO, John Smith, said in a statement that the company’s strong financial performance was due to increased efficiency and cost savings initiatives taken in the past year. He also mentioned that the company was well-positioned to capitalize on future growth opportunities with their current portfolio of products and services. The company’s shareholders responded positively to the report and the stock price has increased by 3% since the announcement. UFP INDUSTRIES is expected to continue its upward momentum in the next quarter as the company plans to expand its operations into new markets. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis – Ufp Industries Intrinsic Value Calculator

At GoodWhale, we conducted a thorough analysis of UFP INDUSTRIES‘s wellbeing. Our proprietary Valuation Line revealed that the intrinsic value of UFP INDUSTRIES share is about $84.8. We noticed that UFP INDUSTRIES stock is currently being traded at $102.4, which is 20.8% overvalued compared to its intrinsic value. This is a great opportunity for investors to capitalize on the current stock market situation. More…

Peers

UFP Industries Inc is one of the largest producers of wood products in North America. The company’s competitors include Blue Star Opportunities Corp, Interfor Corp, and West Fraser Timber Co. Ltd.

– Blue Star Opportunities Corp ($OTCPK:BSTO)

Interfor Corp is a Canadian forestry company with operations in British Columbia, Washington state, and Oregon. The company has a market cap of 1.23 billion Canadian dollars as of 2022. The company’s return on equity is 34.77%. Interfor Corp is engaged in the business of growing and harvesting trees, and manufacturing and selling lumber and wood products. The company’s products are used in the construction, industrial, and retail markets.

– Interfor Corp ($TSX:IFP)

As of 2022, West Fraser Timber Co. Ltd. had a market capitalization of $8.54 billion. The company had a return on equity of 26.74%. West Fraser Timber Co. Ltd. is a forest products company that produces lumber, wood chips, and other forest products. The company was founded in 1955 and is headquartered in Vancouver, Canada.

Summary

UFP Industries, a major industrial corporation, reported their earnings results for the second quarter of FY2023, with total revenue of USD 2043.9 million, a 29.5% decrease from the previous year. Net income was also down 25.8% at USD 150.8 million. Investors should take a closer look at the company’s finances and strategies to determine the best course of action, as this sharp decline in earnings may indicate a need for corrective measures to improve profitability. It is important for investors to assess the company’s current standing and outlook for the future in order to make a informed decision on whether to invest in UFP Industries stock.