Traeger Intrinsic Value Calculation – Traeger Sizzles After Bull Rating From B. Riley
December 13, 2023
🌥️Trending News
Traeger ($NYSE:COOK) has been sizzling since receiving a very positive rating from B. Riley. The investment firm’s analyst, Scott Van Winkle, upgraded the stock to “Buy” from “Neutral”, citing Traeger’s leading position in the outdoor cooking market. In addition to its strong ratings from B. Riley, Traeger is also benefiting from a number of positive company initiatives. The company has recently released a range of new products, including grills, smokers, and wood pellet fuel, and is expanding its reach into the international market.
It is also continuing to invest in technology that will make its products easier to use and more reliable. Its products are among the most popular on the market, and its lines of grills, smokers, and wood pellet fuel have received widespread praise from both professional chefs and amateur chefs alike. With the recent bullish rating from B. Riley and other positive company initiatives, Traeger looks set to continue its success in the coming months and years.
Price History
On Tuesday, TRAEGER received exciting news when B. Riley, a full-service investment bank and institutional brokerage, upgraded its rating of the company’s stock from Neutral to Buy. This bullish news caused TRAEGER’s stock to open at $2.4 and close at the same price, rising by 5.3% from its last closing price of $2.2. The improved rating from B. Riley has left many investors optimistic and eager to see how Traeger will fare in the upcoming weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Traeger. More…
| Total Revenues | Net Income | Net Margin |
| 580.54 | -89.26 | -14.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Traeger. More…
| Operations | Investing | Financing |
| 55.45 | -16.5 | -36.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Traeger. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 836.72 | 524.95 | 2.48 |
Key Ratios Snapshot
Some of the financial key ratios for Traeger are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.8% | – | -9.6% |
| FCF Margin | ROE | ROA |
| 6.2% | -10.9% | -4.2% |
Analysis – Traeger Intrinsic Value Calculation
GoodWhale has conducted an assessment of TRAEGER‘s health and our proprietary Valuation Line has determined that the intrinsic value of TRAEGER shares is around $5.2. This indicates that the current market price of $2.4 for TRAEGER stock is significantly undervalued by a whopping 53.8%. More…
Peers
Its main competitors are Whirlpool Corp, Electrolux AB, and Viskase Companies Inc.
– Whirlpool Corp ($NYSE:WHR)
Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances, headquartered in Benton Harbor, Michigan. The company has annual revenue of $21 billion, 92,000 employees, and more than 70 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Gladiator GarageWorks, Inglis, Estate, Brastemp, Bauknecht, Ignis, Indesit, and Hotpoint brands.
– Electrolux AB ($LTS:0MDT)
As of 2022, Electrolux AB has a market capitalization of 34.53 billion, and a return on equity of 14.67%. The company is a Swedish multinational appliance manufacturer and is headquartered in Stockholm. Its North American headquarters is in Charlotte, North Carolina. The company produces a wide range of appliances, including refrigerators, dishwashers, washing machines, cookers, and vacuum cleaners.
– Viskase Companies Inc ($OTCPK:VKSC)
Viskase Companies Inc is a publicly traded company that produces and sells cellulose casing products for the food industry. The company has a market cap of 54.79M as of 2022 and a Return on Equity of -2.35%. Viskase is a leading provider of cellulose casings for the food industry, supplying products to major sausage and hot dog manufacturers in the United States and around the world.
Summary
Investors in Traeger have seen positive returns in recent days as the company has received a bull rating from B. Riley. On the same day, the stock price moved up significantly, suggesting that investors have confidence in the company. Analysts expect Traeger to continue to outperform its peers in the grilling and outdoor cooking space.
The company has a wide selection of products and strong competitive advantages in design and innovation that should help it remain ahead of the competition. Investors should continue to monitor Traeger’s performance to assess future potential.
