Yeti Holdings Intrinsic Value – YETI HOLDINGS Reports Third Quarter Earnings Results for 2023
November 20, 2023
🌥️Earnings Overview
YETI HOLDINGS ($NYSE:YETI) reported no change in total revenue for the third quarter of the 2023 financial year, with USD 433.6 million earned compared to the same period in the prior year. However, net income decreased by 6.3% to USD 42.7 million, when compared to the same period of the previous year. This was reported on September 30th 2023.
Price History
YETI HOLDINGS stock opened at $39.8 on Thursday and closed at $39.1, down by 0.7% from the last closing price of 39.4. The decline in stock price could be attributed to the overall market sentiment as well as lack of any significant positive news from the company’s earnings report. Nonetheless, the company’s long-term growth prospects remain intact and investors remain optimistic about its future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Yeti Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.59k | 63.55 | 4.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Yeti Holdings. More…
| Operations | Investing | Financing |
| 287.88 | -74.76 | -14.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Yeti Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.16k | 517.1 | 7.36 |
Key Ratios Snapshot
Some of the financial key ratios for Yeti Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.1% | -16.7% | 5.5% |
| FCF Margin | ROE | ROA |
| 13.4% | 8.9% | 4.7% |
Analysis – Yeti Holdings Intrinsic Value
At GoodWhale, we provide insights into the financials of YETI HOLDINGS. After a thorough analysis, we have determined that the intrinsic value of YETI HOLDINGS share is around $67.5. This was calculated using our proprietary Valuation Line, which is a combination of our extensive research and data-driven investment strategies. At the moment, YETI HOLDINGS stock is trading at $39.1, which means it is undervalued by 42.1%. This provides an excellent opportunity for investors to buy in at a discounted price, while still maintaining a high potential return on their investment. More…
Peers
In recent years, the competition between YETI Holdings Inc and its competitors has intensified, as each company strives to gain market share in the highly competitive cooler and drinkware industry. While YETI has long been the market leader, its competitors are quickly catching up, offering products that are comparable in quality and price. As the competition heats up, it will be interesting to see which company comes out on top.
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Tandem Group PLC is a holding company that engages in the design, manufacture, and distribution of bicycles and bicycle related products. The company operates through the following segments: Bicycles, Components, and Others. The Bicycles segment designs, manufactures, and sells complete bicycles, electric bicycles, and folding bicycles. The Components segment manufactures and sells bicycle components and wheels. The Others segment includes the group’s online retailing business. Tandem Group was founded by Frank Bowden in 1885 and is headquartered in Coventry, the United Kingdom.
– Bonny Worldwide Ltd ($TWSE:8467)
Bonny Worldwide Ltd is a publicly traded company with a market capitalization of 2.57 billion as of 2022. The company has a return on equity of 16.57%. Bonny Worldwide Ltd is engaged in the business of providing offshore oil and gas services. The company has a fleet of offshore support vessels that it uses to provide services to the oil and gas industry.
– Bollinger Industries Inc ($OTCPK:BOLL)
Bollinger Industries Inc is a publicly traded company with a market capitalization of 262.12k. The company manufactures and sells a variety of products, including electric vehicles, towing products, and other related accessories. Bollinger Industries was founded in 1984 and is headquartered in New York, New York.
Summary
YETI HOLDINGS reported a total revenue of USD 433.6 million for the third quarter of 2023, which was unchanged from the previous year. Net income however, decreased by 6.3% to USD 42.7 million. Investors should consider carefully the implications of these results when making decisions about investing in YETI HOLDINGS. Analysts should consider the financial performance of the company compared to its peers and its overall financial health in order to gain insight into the potential risk and rewards of investing in YETI HOLDINGS.
