Yeti Holdings Stock Intrinsic Value – YETI HOLDINGS Reports Q2 FY2023 Earnings Results on August 10, 2023
August 19, 2023
🌥️Earnings Overview
On August 10th 2023, YETI HOLDINGS ($NYSE:YETI) released their financial statement for Q2 of FY2023, which ended on June 30th 2023. The company saw a total revenue of USD 402.6 million, a decrease of 4.2% in comparison to the same period in the prior year. Net income declined by 17.7%, coming in at USD 38.1 million.
Stock Price
YETI HOLDINGS reported its earnings results for the second quarter of FY2023 on August 10, 2023. The company opened its stock at $45.5 and closed at $46.4, which is a soar of 17.3% from the prior closing price of 39.6. Investors have reacted positively to this news, with the shares of YETI HOLDINGS increasing significantly. This result exceeded market expectations and is a testament to the company’s strong performance in the second quarter of FY2023.
Investors are optimistic about YETI HOLDINGS’ future prospects, as the company has consistently delivered positive results and is expected to continue growing in the coming quarters. With a strong performance in the second quarter of FY2023, YETI HOLDINGS is well-positioned to take advantage of the opportunities that lie ahead and deliver positive returns for its shareholders. 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 | 66.42 | 4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Yeti Holdings. More…
| Operations | Investing | Financing |
| 204.24 | -57 | -18.8 |
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 |
| 1.09k | 498.23 | 6.77 |
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 |
| 18.7% | -6.0% | 5.7% |
| FCF Margin | ROE | ROA |
| 9.3% | 10.0% | 5.2% |
Analysis – Yeti Holdings Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of YETI HOLDINGS‘s wellbeing to determine their intrinsic value. After taking a close look at the company’s financials and operations, we determined that the intrinsic value of YETI HOLDINGS share is around $70.3. This figure was calculated using our proprietary Valuation Line, which looks at various metrics to determine the true worth of a stock. Currently, YETI HOLDINGS stock is being traded for $46.4, which means it is undervalued by 34.0%. This presents an attractive buying opportunity, as investors have the potential to make a great return on their investment when the stock price rises closer to its intrinsic value. More…
Peers
In recent years, the competition between YETI Holdings Inc and its competitors has intensified, as each company strives to gain market share in the highly competitive cooler and drinkware industry. While YETI has long been the market leader, its competitors are quickly catching up, offering products that are comparable in quality and price. As the competition heats up, it will be interesting to see which company comes out on top.
– Tandem Group PLC ($LSE:TND)
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 has released its second quarter FY2023 earnings report for the period ending June 30 2023. Revenue totalled USD 402.6 million, representing a 4.2% year-over-year decrease. Net income was USD 38.1 million, 17.7% lower than the prior year. Despite these disappointing results, the stock price responded positively indicating investor optimism.
Long-term investors may want to look closer at the company’s financials before investing in the stock, while those looking for short-term gains may be more interested in the stock’s current performance. Overall, YETI HOLDINGS is a company to watch for investors of all types.
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