Utz Brands Intrinsic Value – UTZ BRANDS Reports Q2 FY2023 Earnings on June 30, 2023
August 22, 2023
🌥️Earnings Overview
UTZ BRANDS ($NYSE:UTZ) reported total revenue of USD 362.9 million for the second quarter of fiscal year 2023, an increase of 3.6% from the same quarter of the previous year. Net income was reported as USD -4.1 million, compared to a net income of USD 3.2 million the year before on June 30 2023.
Stock Price
On Thursday, June 30, 2023, UTZ BRANDS reported their earnings for the second quarter of FY2023. During this quarter, UTZ BRANDS stock opened at $16.0 and closed at $16.3, representing an increase of 3.2% from the prior closing price of 15.8. This marks a positive return for shareholders investing in the company during this period. Analysts have taken note of the company’s successful quarter, forecasting a continued upwards trend in UTZ BRANDS shares in the near future.
The details of UTZ BRANDS Q2 FY2023 earnings report will be released in the coming days, offering further insight into the company’s performance during the quarter. Analysts will be closely monitoring the report to determine the company’s growth trajectory over the next few quarters. Investors are hopeful that UTZ BRANDS will continue to report positive returns, with a strong potential for long-term growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Utz Brands. More…
| Total Revenues | Net Income | Net Margin |
| 1.43k | 0.75 | 0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Utz Brands. More…
| Operations | Investing | Financing |
| 70.15 | -59.6 | 42.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Utz Brands. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.84k | 1.42k | 8.49 |
Key Ratios Snapshot
Some of the financial key ratios for Utz Brands are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.2% | -17.2% | 1.2% |
| FCF Margin | ROE | ROA |
| 0.9% | 1.6% | 0.4% |
Analysis – Utz Brands Intrinsic Value
We at GoodWhale have conducted an analysis of UTZ BRANDS‘ wellbeing. Our proprietary Valuation Line has determined that the intrinsic value of UTZ BRANDS’ share is around $18.7. Currently, UTZ BRANDS stock is trading at $16.3, which is undervalued by 13.0%. This gives buyers an opportunity to purchase a fair price stock and make a good return on their investment. We believe that UTZ BRANDS is a great buy for those looking for long-term investments. More…
Peers
The competition between Utz Brands Inc and its competitors is fierce. Each company is vying for market share and customer loyalty. Utz Brands Inc has a strong brand and loyal following, but its competitors are not to be underestimated. Sanderson Farms Inc, Cal-Maine Foods Inc, and The Simply Good Foods Co are all major players in the packaged food industry. They each have their own strengths and weaknesses, but they all pose a serious threat to Utz Brands Inc.
– Sanderson Farms Inc ($NASDAQ:CALM)
Cal-Maine Foods Inc is an American egg producer. The company was founded in 1969 and is headquartered in Jackson, Mississippi. Cal-Maine Foods is the largest producer of fresh eggs in the United States, with approximately 32 million laying hens and a 15% share of the US egg market. The company sells its eggs under the brands Eggland’s Best, Farmhouse, and David’s.
Cal-Maine Foods has a market cap of 2.81B as of 2022 and a Return on Equity of 20.18%. The company is the largest producer of fresh eggs in the United States, with approximately 32 million laying hens and a 15% share of the US egg market. The company sells its eggs under the brands Eggland’s Best, Farmhouse, and David’s.
– Cal-Maine Foods Inc ($NASDAQ:SMPL)
The Simply Good Foods Co has a market cap of 3.74B as of 2022, a Return on Equity of 7.5%. The company produces and sells low-carbohydrate, high-protein food products under the Atkins, Simply Good Foods, and Scharffen Berger brands. It has a wide variety of products, including bars, shakes, meals, and snacks. The company’s products are designed to help people lose weight and manage their blood sugar levels.
Summary
UTZ Brands reported its earnings results for the second quarter of 2023, showing a 3.6% increase in total revenue from the same period the year before, totaling USD 362.9 million. Net income however decreased to USD -4.1 million, compared to a net income of 3.2 million the previous year. The stock price moved up the same day, indicating that investors remain confident in the company despite the dip in profits. With future growth strategies in place, UTZ Brands may be a good option for potential investors looking for a long-term investment.
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