Yeti Holdings Stock Intrinsic Value – YETI HOLDINGS Reports Second Quarter Earnings Results for FY2023
August 28, 2023
🌥️Earnings Overview
On August 10 2023, YETI HOLDINGS ($NYSE:YETI) announced their earnings results for the second quarter of FY2023, ending on June 30 2023. Total revenue for the quarter was USD 402.6 million, a 4.2% decrease from the same period in FY2022. Net income reported amounted to USD 38.1 million, down 17.7% from the preceding year.
Stock Price
YETI HOLDINGS, a leading manufacturer of outdoor lifestyle products, reported its second quarter earnings results on Thursday. The company’s stock opened at $45.5 and closed at $46.4, soar by 17.3% from prior closing price of 39.6. The strong results were driven by robust growth in sales across its consumer categories such as beverage and food products as well as its direct-to-consumer business. This marked the second consecutive quarter of double-digit percentage growth in the company’s sales.
The impressive financial performance for YETI HOLDINGS for the second quarter has solidified its position as a leader in the outdoor lifestyle product market. Investors are optimistic that the company’s performance will continue to show strength and will continue to drive strong returns in the upcoming quarters. 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, our team conducted an analysis of YETI HOLDINGS‘ financials. Our proprietary Valuation Line has calculated the intrinsic value of YETI HOLDINGS’ share to be around $70.1. Interestingly, the company’s stock is currently trading at $46.4, which means that YETI HOLDINGS stock is undervalued by 33.8%. This presents an opportunity to invest in the company at a discount and could bring potential returns to investors. 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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Summary
Investors may be interested in YETI HOLDINGS following its second quarter earnings report for FY2023. Revenue for the quarter came in at USD 402.6 million, a 4.2% decrease from the same quarter the previous year. Net income was reported at USD 38.1 million, a 17.7% decrease from the corresponding period the prior year.
The stock price rose the same day, potentially indicating some investors’ optimism about the company’s future prospects. Looking ahead, potential investors should look closely at the company’s financial results going forward to assess if the stock is a good investment opportunity.
