Wd-40 Company Intrinsic Value Calculation – WD-40 Company Announces Q3 Earnings Results for FY2023

🌥️Earnings Overview

The WD-40 ($NASDAQ:WDFC) Company reported their earnings results for the quarter ended May 31, 2023 on July 10, 2023. Total revenue for this period saw an impressive growth of 14.6%, equating to USD 141.7 million, with reported net income increasing 30.5% year over year to USD 18.9 million.

Price History

At the end of trading, the stock opened at $189.4 and closed at $193.8, a gain of 2.1% from its previous closing price of $189.9. The company attributed its strong performance mainly to the increased consumer demand for its products due to the ongoing pandemic. The WD-40 Company has seen a surge in sales as people are using their products to keep their homes clean and lubricated during these unique times. In light of the strong performance of the Q3 earnings report, investors remain optimistic about the company’s future prospects.

Moreover, the company remains committed to its strategy of expanding its product range and ramping up marketing efforts to gain more customer awareness. With such strong numbers for Q3, investors are optimistic that WD-40 Company will continue to deliver value and grow its business for years to come. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Wd-40 Company. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Wd-40 Company. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Wd-40 Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Wd-40 Company are shown below. More…

Analysis – Wd-40 Company Intrinsic Value Calculation

At GoodWhale, we have been analyzing the financials of WD-40 COMPANY and our proprietary Valuation Line has determined that the intrinsic value of their share is around $233.1. Currently, their stock is traded at $193.8, which is a fair price, but still undervalued by 16.8%. Therefore, now may be a good time for investors to take advantage of this price discrepancy. More…

Peers

WD-40 Co is a leading global provider of lubricants, cleaners and rust-prevention products. The company’s products are sold in more than 160 countries and its brands are found in more than 30,000 stores. WD-40 Co’s competitors include Hartalega Holdings Bhd, OCI NV, Fuchs Petrolub SE and other leading providers of lubricants, cleaners and rust-prevention products.

– Hartalega Holdings Bhd ($KLSE:5168)

Hartalega Holdings Bhd is a Malaysia-based company that manufactures and supplies nitrile gloves. The company has a market capitalization of 6.29 billion as of 2022 and a return on equity of 23.22%. Hartalega Holdings is the world’s largest nitrile glove manufacturer with a capacity of 36 billion gloves per year. The company’s products are used in a variety of industries, including healthcare, food and beverage, and industrial.

– OCI NV ($LTS:0QGH)

Alibaba Group Holding Limited is a Chinese multinational conglomerate holding company specializing in e-commerce, retail, Internet, and technology. Founded in 1999 by Jack Ma, Alibaba is one of the world’s largest online and mobile commerce companies. The company operates in over 200 countries and regions, and handles more than US$1 trillion in gross merchandise volume annually.

– Fuchs Petrolub SE ($OTCPK:FUPBY)

Fuchs Petrolub SE is a German oil and lubricant company with a market cap of 3.54B as of 2022. The company has a return on equity of 11.99%. Fuchs Petrolub SE is a leading manufacturer of lubricants and related specialties. The company’s products are used in a wide range of industries, including automotive, aerospace, chemical, energy, food and beverage, metalworking, mining, and more. Fuchs Petrolub SE’s products are sold in over 150 countries around the world.

Summary

Investors may find WD-40 COMPANY to be a promising opportunity due to its strong FY2023 Q3 earnings results. Total revenue increased 14.6% year over year to USD 141.7 million and reported net income was up 30.5% to USD 18.9 million compared to the same period in the prior year. Given this performance, investors may be interested in WD-40 COMPANY as a potential long-term investment. The company has demonstrated strong growth, both in terms of revenue and profit, and may continue to do so in the future.