UNFI Stock Intrinsic Value – UNITED NATURAL FOODS Reports First Quarter Earnings Results for Fiscal 2024
December 15, 2023
☀️Earnings Overview
United Natural Foods ($NYSE:UNFI) Inc. reported their first quarter of fiscal 2024 earnings results on October 31, 2023 with total revenue at USD 7552.0 million, a modest 0.3% increase from the same period in the prior year. Net income was USD -39.0 million in comparison to USD 66.0 million in the same quarter of the previous year.
Market Price
The stock opened at $16.4 and closed at $15.2, a drop of 6.9% from the previous closing price of $16.3. This decline suggests investors are feeling uncertain about the company’s future performance. UNITED NATURAL FOODS also faced increasing competition from other natural food retailers. Going forward, UNITED NATURAL FOODS will be focused on improving profitability by optimizing operational efficiencies and expanding its customer base.
The company also plans to launch several new products and services to remain competitive in the natural food industry. With these strategies in place, UNITED NATURAL FOODS is hopeful that it can turn its fortunes around and see increased earnings in the future quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for UNFI. More…
| Total Revenues | Net Income | Net Margin |
| 30.29k | -81 | -0.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for UNFI. More…
| Operations | Investing | Financing |
| 632 | -350 | -285 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for UNFI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.85k | 6.15k | 28.6 |
Key Ratios Snapshot
Some of the financial key ratios for UNFI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.1% | -39.3% | 0.1% |
| FCF Margin | ROE | ROA |
| 1.0% | 0.8% | 0.2% |
Analysis – UNFI Stock Intrinsic Value
GoodWhale has conducted an analysis of UNITED NATURAL FOODS’s financials and have determined that its intrinsic value is around $34.2. This figure was calculated using our proprietary Valuation Line method, which uses a range of financial metrics to estimate the fair market value of a company’s stock. Currently, UNITED NATURAL FOODS’ stock is trading at $15.2, indicating that it is significantly undervalued by 55.5%. We believe that investors who purchase UNITED NATURAL FOODS shares now have a great opportunity to benefit from potential upside in the future. More…
Peers
This company faces stiff competition from other industry players such as SpartanNash Co, Globrands Group Ltd, and Healthier Choices Management Corp. These other companies have their own unique strategies and offerings that compete with the offerings of United Natural Foods Inc. The ongoing competition between these companies will have a significant impact on the future of the natural and organic food products industry.
– SpartanNash Co ($NASDAQ:SPTN)
SpartanNash Co is a food distributor and retailer located in the United States. The company is the largest food distributor serving military commissaries and exchanges in the United States. As of 2022, SpartanNash Co has a market cap of 1.09B, reflecting an increase of 53% over the previous year. Additionally, the company has a Return on Equity (ROE) of 7.43%, indicating that the company is performing well. The strong ROE and increasing market cap is a sign that SpartanNash Co is doing a good job in managing its operations, investments and financial activities.
– Globrands Group Ltd ($OTCPK:GLBGF)
Healthier Choices Management Corp is a health and wellness company that brings healthy, affordable products to consumers. The company has a market cap of 50.96M as of 2022, which is indicative of a mid-size company. Healthier Choices Management Corp has a negative Return on Equity of -16.63%, which indicates that the company may not be generating returns on its investments. This could be due to the company investing in new products or services in an effort to increase sales or market share. Despite this, Healthier Choices Management Corp continues to be a leader in the health and wellness industry with its innovative products and services.
Summary
United Natural Foods reported their first quarter of fiscal 2024 earnings results on October 31 2023. Total revenue was up 0.3% year-on-year to USD 7552.0 million, while net income was USD -39.0 million, a decrease from USD 66.0 million the year prior. The stock price dropped on the same day, suggesting that investors were not impressed with the results.
Long-term investors should consider carefully how these results may impact the company’s stock performance in the future. Analysts may want to examine current financial trends in order to make informed decisions about their investment in this company.
