Unifirst Corporation Intrinsic Value – UNIFIRST CORPORATION Reports FY2024 Q1 Earnings Results for November 30 2023
January 6, 2024
🌥️Earnings Overview
UNIFIRST CORPORATION ($NYSE:UNF) reported its earnings results for FY2024 Q1, ending November 30 2023, on January 3 2024. Total revenue for the quarter increased by 9.5% to USD 593.5 million year-over-year, while net income rose 24.6% to USD 42.3 million.
Price History
On Wednesday, UNIFIRST CORPORATION announced its financial results for the first quarter of the fiscal year 2024, which ended on November 30 2023. The results show a decrease in the share price of UNIFIRST CORPORATION, with the stock opening at $178.5 and closing at $167.9, representing a 6.9% drop from its last closing price of $180.4. This may have played a role in the decrease in share price. Despite this setback, UNIFIRST CORPORATION remains optimistic about its future prospects and believes that its strong financial performance will continue to benefit shareholders in the long run.
The company plans to continue investing in its operations to increase efficiency and reduce costs. Overall, UNIFIRST CORPORATION reported strong financial results for the first quarter of fiscal year 2024, but the drop in share price indicates that investors may be somewhat cautious about future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Unifirst Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 2.28k | 112.04 | 4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Unifirst Corporation. More…
| Operations | Investing | Financing |
| 233.73 | -374.91 | -26.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Unifirst Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.6k | 561.88 | 109 |
Key Ratios Snapshot
Some of the financial key ratios for Unifirst Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.6% | -5.3% | 6.3% |
| FCF Margin | ROE | ROA |
| 2.7% | 4.4% | 3.4% |
Analysis – Unifirst Corporation Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of UNIFIRST CORPORATION‘s wellbeing. According to our proprietary Valuation Line, the fair value of UNIFIRST CORPORATION’s share is currently estimated to be around $217.0. However, UNIFIRST CORPORATION stock is currently being traded at $167.9, which presents a 22.6% undervaluation of the company. We believe that investors should take advantage of this opportunity and buy UNIFIRST CORPORATION stock at its current price before the market corrects itself. More…
Peers
Its main competitors are Johnson Service Group PLC, Target Hospitality Corp, and Servizi Italia SpA.
– Johnson Service Group PLC ($LSE:JSG)
The company’s market cap is 421.43M as of 2022, a Return on Equity of 6.15%. The company provides engineering and technical services to customers in the UK, US, Canada, and Australia. It also provides support services to the UK Ministry of Defence.
– Target Hospitality Corp ($NASDAQ:TH)
Hospitality Corp is a leading provider of hospitality services. It has a market cap of 1.13B and a ROE of 43.39%. The company operates in the hotel, restaurant, and tourism industries. Hospitality Corp provides a wide range of services including hotel management, food and beverage management, event planning, and marketing. The company has a strong presence in the United States, Europe, Asia, and the Middle East.
– Servizi Italia SpA ($LTS:0NJ3)
Servizi Italia SpA is a holding company that provides services in the information and communication technology, environmental, and energy sectors in Italy and internationally. The company was founded in 2003 and is based in Rome, Italy. Servizi Italia SpA operates as a subsidiary of Telecom Italia S.p.A.
Summary
UNIFIRST CORPORATION‘s performance in FY2024 Q1, ending November 30 2023, showed strong revenue growth of 9.5%, and even more impressive net income growth of 24.6%. Despite this positive news, the stock price for UNIFIRST CORPORATION moved down when the earnings results were reported on January 3 2024. Investors may consider this a buying opportunity as the company has demonstrated strong fundamentals and potential for further growth. Nevertheless, they should weigh the current market conditions and future outlook before making any decisions.
