SITE Intrinsic Value Calculation – SiteOne Landscape Supply sees decrease in stock position as Citigroup makes move

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SITEONE ($NYSE:SITE): SiteOne Landscape Supply, Inc. is a leading provider of wholesale landscape supplies in the United States and Canada. The company offers various products such as irrigation systems, fertilizers, hardscapes, and outdoor lighting to its customers. SiteOne’s stock has been performing well in the market, with a steady increase in value over the years.

However, recently, there has been a significant development in SiteOne’s stock position. Citigroup Inc., one of the largest financial institutions in the world, has decided to decrease its stock position in SiteOne Landscape Supply. This move has caused some concern among investors and industry analysts. However, recent filings with the Securities and Exchange Commission (SEC) show that Citigroup has sold off a significant portion of its shares in SiteOne. Some speculate that it may be due to a change in investment strategy or a need to raise capital for other investments. Whatever the reason may be, this move has caused SiteOne’s stock to take a temporary hit in the market. The company has consistently shown growth and profitability over the years, with a strong customer base and a solid reputation for quality and service. In fact, SiteOne’s stock has already started to recover from the initial dip caused by Citigroup’s move.

Additionally, analysts still have a positive outlook for SiteOne, with many giving it a “buy” rating. In conclusion, while Citigroup Inc.’s decrease in stock position may have caused some concern, it is important to note that SiteOne Landscape Supply remains a strong and promising company in the industry. With its solid track record and positive outlook, SiteOne is poised to continue its growth and success in the landscaping supply market.

Market Price

On Monday, the stock market saw a decline in the stock position of SITEONE LANDSCAPE SUPPLY, a leading supplier of landscaping products and materials. The company’s stock opened at $185.2 and closed at $181.2, marking a decrease of 2.3% from the prior closing price of $185.4. Citigroup Inc., one of the world’s largest financial services companies, sold off a significant number of shares in SITEONE LANDSCAPE SUPPLY. This move was likely driven by changes in market conditions or Citigroup’s own investment strategy. This sell-off by Citigroup may have caused concern among investors and led to a decrease in the company’s stock price.

However, despite this recent drop in stock price, SITEONE LANDSCAPE SUPPLY remains a strong and reliable company. The company has a solid track record in the industry and continues to see growth and success in its operations.

Additionally, the landscaping industry is expected to continue to grow, providing opportunities for SITEONE LANDSCAPE SUPPLY to thrive in the future. It is important to note that fluctuations in stock prices are a common occurrence in the stock market and can be influenced by various factors. While Citigroup’s move may have caused a temporary decrease in SITEONE LANDSCAPE SUPPLY’s stock position, it is not necessarily an indication of the company’s overall performance or prospects. In conclusion, while SITEONE LANDSCAPE SUPPLY’s stock position may have seen a decrease on Monday, it is important for investors to consider the company’s strong foundation and potential for growth in the long term. Citigroup’s move may have had a short-term impact, but it does not diminish the value and potential of SITEONE LANDSCAPE SUPPLY as a reliable and successful company in the landscaping industry. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for SITE. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for SITE. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for SITE. More…

Key Ratios Snapshot

Some of the financial key ratios for SITE are shown below. More…

Analysis – SITE Intrinsic Value Calculation

Based on my analysis of SITEONE LANDSCAPE SUPPLY’s fundamentals, I have determined that the fair value of their share is approximately $181.5. This was calculated using our proprietary Valuation Line, which takes into account various financial metrics such as revenue, earnings, and growth projections. When looking at the current stock price of SITEONE LANDSCAPE SUPPLY, which is $181.2, it seems that the market has priced the stock fairly. This means that the company’s financial performance and potential future growth are accurately reflected in its current market value. Some key factors that contribute to SITEONE LANDSCAPE SUPPLY’s fair value include their solid revenue and earnings growth, as well as their strong market position in the landscape supply industry. Additionally, they have a strong track record of profitability and a sound financial standing. It’s worth noting that market conditions and investor sentiment can also impact the stock price of SITEONE LANDSCAPE SUPPLY. However, based on our analysis, it appears that the current stock price is justified and reflects the company’s true value. In conclusion, after examining SITEONE LANDSCAPE SUPPLY’s fundamentals and considering current market trends, it seems that their stock is fairly priced at $181.2. Investors can have confidence in the company’s financial performance and future potential, making it a strong investment opportunity at this time. More…

Peers

The company offers a wide range of products, including irrigation supplies, nursery stock, landscape tools and accessories, and more. SiteOne Landscape Supply Inc competes with Hydrofarm Holdings Group Inc, MAX Co Ltd, Thorpe (F W) PLC, and others in the landscape supplies industry.

– Hydrofarm Holdings Group Inc ($NASDAQ:HYFM)

Hydrofarm Holdings Group Inc is a leading manufacturer and distributor of hydroponic equipment and supplies in the United States. The company has a market cap of 102.81M as of 2022 and a Return on Equity of -41.86%. Hydrofarm Holdings Group Inc is a publicly traded company on the NASDAQ stock exchange under the ticker symbol HYFG. The company’s products are used by commercial and hobbyist growers to produce fruits, vegetables, and herbs.

– MAX Co Ltd ($TSE:6454)

As of 2022, Daikin Industries, Ltd. has a market capitalization of 97.87 billion dollars and a return on equity of 7.15%. Daikin is a Japanese multinational air conditioning manufacturing company with headquarters in Osaka. The company makes a wide range of products including air conditioners, refrigerators, and chemicals. It also provides services such as installation, repair, and maintenance.

– Thorpe (F W) PLC ($LSE:TFW)

Thorpe (F W) PLC is a British engineering company. The company is headquartered in Derby, England. Thorpe (F W) PLC designs, manufactures, and supplies equipment and services for the rail, construction, and mining industries. The company’s products and services include locomotives, railway cars, and railway infrastructure. Thorpe (F W) PLC has a market cap of 474.63M as of 2022, a Return on Equity of 10.79%.

Summary

Citigroup Inc. has recently decreased its stock position in SiteOne Landscape Supply, Inc. This move may indicate a less favorable outlook for the company in the eyes of Citigroup. Investors may want to take note of this change and conduct further analysis of SiteOne’s financials and market performance to make informed investment decisions. Factors such as company management, industry trends, and competitive landscape should also be considered in evaluating the company’s potential for growth and profitability. As with any investment, it is important to conduct thorough research and consult with financial advisors before making any decisions.