Ufp Industries Stock Fair Value – UFP INDUSTRIES Reports Second Quarter Earnings for FY 2023 on August 9
August 24, 2023
🌥️Earnings Overview
On August 9 2023, UFP INDUSTRIES ($NASDAQ:UFPI) released its financial statement of the second quarter of the fiscal year 2023, which concluded on June 30 2023. With a revenue of USD 2043.9 million, there was no change compared to the same quarter last year. Net income was also consistent, staying at USD 150.8 million.
Stock Price
On August 9, UFP INDUSTRIES reported its second quarter earnings for the financial year 2023. On the same day, the company’s stock opened at $102.0 and closed at $101.4, a decrease of 0.6% from its previous closing price of $102.0. The earnings reflect the performance of the company in the past quarter and come as a surprise to investors, as it was expected to exceed market expectations. This investment is expected to support the company’s long-term growth strategy and further enhance its competitive advantage in the industry.
UFP INDUSTRIES has been gaining popularity among investors due to its steadfast performance and sound investments in research and development. With its impressive second quarter earnings report, it looks set to continue its upward trajectory and expand its reach in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ufp Industries. More…
| Total Revenues | Net Income | Net Margin |
| 8.1k | 564.22 | 7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ufp Industries. More…
| Operations | Investing | Financing |
| 1.06k | -320.48 | -182.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ufp Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.84k | 1k | 45.93 |
Key Ratios Snapshot
Some of the financial key ratios for Ufp Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.2% | 40.3% | 9.4% |
| FCF Margin | ROE | ROA |
| 10.8% | 17.1% | 12.4% |
Analysis – Ufp Industries Stock Fair Value
At GoodWhale, we’ve analyzed UFP INDUSTRIES‘s financials and compiled the following results. According to our proprietary Valuation Line, the fair value of UFP INDUSTRIES’s share is around $77.7. However, the stock is currently being traded at $101.4, which is an overvaluation of 30.6%. This suggests that the stock may be a good point of entry for investors who can buy in at a discount due to the overvaluation. More…
Peers
UFP Industries Inc is one of the largest producers of wood products in North America. The company’s competitors include Blue Star Opportunities Corp, Interfor Corp, and West Fraser Timber Co. Ltd.
– Blue Star Opportunities Corp ($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 has reported its second quarter of fiscal year 2023 earnings results, ending on June 30 2023, and the results are largely in line with expectations. Total revenue for the quarter was unchanged at USD 2043.9 million, and net income remained unchanged at USD 150.8 million. For investors, this quarter indicates that UFP Industries is a stable entity, with consistent performance across revenue and net income. With its current financials, UFP Industries is seen as a reliable and secure stock to invest in, as the company is unlikely to experience dramatic fluctuations.
It is also worth noting that the company has a relatively low debt-to-equity ratio, which is an attractive factor for potential investors. Overall, UFP Industries is an attractive option for long-term investors who seek consistent returns and stability.
