Ufp Industries Stock Intrinsic Value – UFP INDUSTRIES Reports Earnings Results for FY2023 Q2
August 21, 2023
🌥️Earnings Overview
UFP INDUSTRIES ($NASDAQ:UFPI) reported their financial results for the second quarter of FY2023, which concluded on June 30 2023, on August 9 2023. Total revenue for Q2 remained consistent with that of the prior year at USD 2043.9 million, while net income was also unchanged at USD 150.8 million.
Stock Price
UFP INDUSTRIES, a leading provider of industrial products and solutions, recently announced their financial results for the second quarter of fiscal year 2023. On Wednesday, the company’s stock opened at $102.0 and closed at $101.4, down by 0.6% from last closing price of 102.0. The company attributed the strong performance to an increased focus on product innovation and customer service initiatives. Overall, UFP Industries reported strong results for Q2 of FY2023.
The company’s focus on growth and innovation has clearly paid off, resulting in improved profitability and increased market share. With a strong outlook going forward, UFP Industries is well-positioned to achieve further success in the coming quarters. 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 Intrinsic Value
At GoodWhale, we have conducted an analysis of UFP INDUSTRIES‘ fundamentals and have concluded that the fair value of their share is around $77.8. This figure was determined using our proprietary Valuation Line tool. The stock is currently being traded at $101.4, which is overvalued by 30.3%. We would advise investors to take caution when considering investing in UFP INDUSTRIES stock at this time. More…
Peers
UFP Industries Inc is one of the largest producers of wood products in North America. The company’s competitors include Blue Star Opportunities Corp, Interfor Corp, and West Fraser Timber Co. Ltd.
– Blue Star Opportunities Corp ($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
Investors should take note of UFP Industries‘ financial results for the second quarter of 2023. Total revenue remained flat year-over-year at USD 2043.9 million, while net income held steady at USD 150.8 million. This stagnation likely indicates that the company’s core business has leveled off and may be in need of new growth strategies to compete in the market.
Furthermore, UFP Industries may need to diversify its portfolio or look for acquisitions to drive future growth. Despite the lack of growth in the quarter, investors could find value in the stock if management is able to turn things around.
