SITE Stock Fair Value Calculation – Contravisory Investment Management Invests $6.69 Million in SiteOne Landscape Supply,
December 20, 2023
🌥️Trending News
SITEONE ($NYSE:SITE): Contravisory Investment Management Inc. recently announced its investment of $6.69 million in SiteOne Landscape Supply, Inc. SiteOne is a leading distributor of landscape supplies in the United States and Canada, offering products such as irrigation supplies, fertilizers, grass seed, mulch, and other materials used in landscaping projects. The company works to provide cutting edge solutions for their clients, and its website boasts a large selection of tools and resources to help with a variety of landscaping projects.
Additionally, SiteOne’s expert staff members are available to provide advice and assistance for anyone looking for landscape supplies or services. SiteOne has also been praised for its commitment to sustainability, with their dedication to reducing water waste and their efforts to protect the environment. With Contravisory Investment Management Inc.’s investment, SiteOne now has the financial resources to further their commitment to sustainability and continue providing quality products and services to its customers. This is an exciting development for professionals in the landscaping industry and those looking for reliable and sustainable landscape solutions.
Market Price
On Monday, SITEONE LANDSCAPE SUPPLY experienced a small decline in its stock price. The stock opened at $167.6 and closed the day at $163.2, down 2.1% from its previous closing price of 166.7. Despite the small drop in stock price, Contravisory Investment Management Inc. has recently invested $6.69 million in the company. This shows that Contravisory is confident in the future of SiteOne Landscape Supply, Inc. and its potential for growth in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SITE. More…
| Total Revenues | Net Income | Net Margin |
| 4.23k | 175.9 | 4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SITE. More…
| Operations | Investing | Financing |
| 294.6 | -282.6 | 0 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SITE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.99k | 1.49k | 33.14 |
Key Ratios Snapshot
Some of the financial key ratios for SITE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.1% | 15.9% | 6.0% |
| FCF Margin | ROE | ROA |
| 6.0% | 10.8% | 5.3% |
Analysis – SITE Stock Fair Value Calculation
At GoodWhale, we conducted an analysis of the financials of SITEONE LANDSCAPE SUPPLY and determined an intrinsic value for their stock. Our proprietary Valuation Line calculated that SITEONE LANDSCAPE SUPPLY share is worth around $183.5. Currently, SITEONE LANDSCAPE SUPPLY stock is being traded at $163.2, a fair price that is undervalued by 11.0%. By investing in this stock, investors are able to take advantage of this margin of safety and benefit from a strong potential upside. More…
Peers
The company offers a wide range of products, including irrigation supplies, nursery stock, landscape tools and accessories, and more. SiteOne Landscape Supply Inc competes with Hydrofarm Holdings Group Inc, MAX Co Ltd, Thorpe (F W) PLC, and others in the landscape supplies industry.
– Hydrofarm Holdings Group Inc ($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
Contravisory Investment Management Inc. recently invested 6.69 million USD in SiteOne Landscape Supply, Inc. This shows confidence in the company’s long-term prospects and potential. Analysts have noted strong performance in the landscaping sector, driven by high demand and favorable market conditions. SiteOne’s financials are also impressive, with revenue growth and profitability increasing over the past few years.
The company is well-positioned to capitalize on the current market trends and is likely to continue to benefit significantly. Investors should keep in mind the company’s long-term prospects, as well as its competitive advantages, when making an investment decision.
