Texas Permanent School Fund Cuts Investments in Monro,
January 19, 2023
Trending News 🌧️
Monro Intrinsic Value – Monro ($NASDAQ:MNRO), Inc. is an automotive aftermarket company that provides maintenance and repair services, as well as products for vehicles. Monro’s services include brakes, exhausts, tires, oil changes and other preventive maintenance, wheel alignments, and other automotive services. Recently, the Texas Permanent School Fund has announced that it has reduced its investments in Monro, Inc. The fund has invested millions of dollars in Monro, Inc., and its stock was once one of the most heavily traded stocks on the Nasdaq.
However, the fund has decided to reduce its investment due to the company’s recent financial struggles and declining stock prices. The Texas Permanent School Fund is a trust fund established to support public education in the state of Texas. It is funded by mineral royalties from state-owned land and invests in stocks and bonds to generate income for the state’s schools. Monro, Inc. was once one of the fund’s largest investments; however, due to the company’s recent financial difficulties, the fund has decided to reduce its exposure to the stock. The decision to reduce investments in Monro, Inc. is a sign of the company’s current financial struggles. Although the company has been able to maintain its market share and continue to expand in recent years, its stock price has declined significantly. This has caused investors to lose faith in the company’s future prospects, leading to a decrease in its stock price. The decision by the Texas Permanent School Fund to reduce its investments in Monro, Inc. could have a significant impact on the company’s stock price. It is unclear how much of an effect this decision will have on the company’s future prospects; however, it is clear that investors are becoming increasingly wary of the stock due to its recent financial difficulties.
Share Price
The Texas Permanent School Fund announced on Tuesday that it has cut its investments in Monro, Inc. This decision comes despite the fact that media exposure of the company had mostly been positive. Following the news, the stock of Monro opened at $48.5 on Tuesday and closed at $47.4, down by 2.0% from its prior closing price of 48.4. The Texas Permanent School Fund is a public trust fund that is managed by the State of Texas and was established to provide financial support to public schools in the state. The fund has made significant investments in Monro, Inc., but it has decided to cut its investments after careful consideration. It is unclear why the fund chose to cut its investments, but it may be due to potential changes in the company’s operations or a decrease in its stock value.
This decision by the Texas Permanent School Fund could have a significant impact on Monro, Inc. The company has seen positive growth over the past few years, and this decision could lead to decreased investments from other investors as well. It is yet to be seen what effect this will have on Monro’s stock price and overall performance in the future. It is important for investors to monitor the situation closely and make decisions based on their own analysis and research. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Monro. More…
| Total Revenues | Net Income | Net Margin |
| 1.35k | 50.27 | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Monro. More…
| Operations | Investing | Financing |
| 188.25 | -109.8 | -85.97 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Monro. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.79k | 1.07k | 23.29 |
Key Ratios Snapshot
Some of the financial key ratios for Monro are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.9% | -11.7% | 6.6% |
| FCF Margin | ROE | ROA |
| 11.7% | 7.2% | 3.1% |
VI Analysis – Monro Intrinsic Value Calculator
The company’s stock is currently trading at $47.4, but the intrinsic value of the stock is calculated to be around $59.0 using the VI Line. This implies that the stock is undervalued by 20%, meaning investors can get a good deal on MONRO shares at the moment. The company has a strong balance sheet and healthy cash flows, which should help it weather any economic downturns. The company also has a solid customer base and a proven track record of success, making it an attractive option for investors. MONRO’s management team has also put in place plans to increase efficiency and improve profits, which should further increase the value of the stock in the future. The company is also investing in research and development, which could lead to new products and services that could further drive the stock price up. Overall, MONRO is a solid company with great fundamentals and a bright future. With its current stock price undervalued by 20%, now is an ideal time to invest in MONRO and benefit from its long term potential. More…
VI Peers
Monro Inc is in a fiercely competitive market, with HyUnion Holding Co Ltd, Strattec Security Corp, and Odyne Corp all vying for the top spot. Monro Inc has been striving to stay ahead by providing high-quality products and services, and by continuously innovating to meet the ever-changing demands of the market.
– HyUnion Holding Co Ltd ($SZSE:002537)
HyUnion Holding Co Ltd is a Chinese multinational conglomerate that specializes in the engineering, manufacturing, and sales of industrial equipment and services. The company has a market capitalization of 9 billion dollars as of 2023, and a return on equity of 3.11%. This indicates that the company has a strong financial position and is able to generate a reasonable return on its shareholders’ investments. The company’s strong financial performance likely stems from its diversified portfolio of products and services which includes engineering, manufacturing, and sales of industrial equipment and services. This diversification has allowed HyUnion to remain competitive in the global market and remain profitable despite a challenging economy.
– Strattec Security Corp ($NASDAQ:STRT)
Strattec Security Corp is a Milwaukee, Wisconsin-based automotive, commercial and consumer lock manufacturer. The company has an impressive market capitalization of 82.51 million dollars as of 2023, which is indicative of its strong financial standing and success in the industry. Additionally, its return on equity of 3.05% demonstrates that the company is able to efficiently utilize its resources to generate a healthy return on its investments. Strattec specializes in producing a wide range of automotive locks and keys, including the popular V.A.T.S., P.A.T.S., and Ignition Lock Cylinder systems. The company also provides aftermarket products such as locks, key blanks, and other related accessories.
– Odyne Corp ($OTCPK:ODYC)
Odyne Corp is a leading provider of advanced hybrid systems for medium and heavy-duty vehicles. With a market cap of 70.14k as of 2023, Odyne Corp is a relatively small company in terms of capitalization. Its Return on Equity (ROE) of -323.07% is an indication of the company’s financial challenges and a lack of profitability. The company has been making efforts to improve its financial performance by focusing on cost-saving measures and expanding its customer base. In addition, the company has been investing heavily in research and development to develop innovative solutions that can help reduce emissions and fuel consumption in commercial vehicles.
Summary
Monro, Inc. is an automotive service and tire retailer based in Rochester, New York. Recently, the Texas Permanent School Fund has made the decision to cut its investments in the company. Despite this, media coverage of Monro has been largely positive. Analysts have noted that the company has a strong balance sheet, a diversified customer base and a wide network of service centers.
Monro’s stock is currently trading at near all-time highs and its dividend yield is above average. It is well-positioned to capitalize on the current industry trends and presents an attractive investment opportunity for those looking for an automotive-related stock.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
