Movado Group Stock Fair Value Calculation – Movado Group Reports Q3 Results, Updates FY24 Outlook
December 1, 2023
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Movado Group ($NYSE:MOV), Inc. is a leading manufacturer of luxury watches and jewelry. They own the Movado, Concord, Ebel, and ESQ by Movado brands, as well as the Coach, Hugo Boss, Lacoste, and Tommy Hilfiger watch brands. The company has recently released its third quarter results for FY24 and updated its outlook for the year.
Additionally, Movado reported an increase in total jewelry sales for the quarter as well. The company has also revised its outlook for FY24. Movado Group’s third quarter results showed that the company has been able to maintain its position in the luxury watch and jewelry market despite the difficult economic environment. The company’s revised outlook for FY24 is also encouraging for investors, as it suggests that the company is on track to achieve its objectives for the fiscal year.
Share Price
The stock opened at $25.7 and closed at $26.2, dropping by 9.8% from its previous closing price of $29.0. The company also provided an update on its FY24 outlook, forecasting a challenging environment for the remainder of the year. Despite these challenges, the company is confident in its ability to grow over the long term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Movado Group. More…
| Total Revenues | Net Income | Net Margin |
| 710.97 | 69.19 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Movado Group. More…
| Operations | Investing | Financing |
| 88.96 | -11.3 | -65.66 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Movado Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 749.7 | 245.8 | 22.62 |
Key Ratios Snapshot
Some of the financial key ratios for Movado Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.6% | 40.9% | 12.6% |
| FCF Margin | ROE | ROA |
| 11.3% | 11.2% | 7.4% |
Analysis – Movado Group Stock Fair Value Calculation
At GoodWhale, we recently conducted an analysis of MOVADO GROUP‘s financials to determine the intrinsic value of its shares. Our proprietary Valuation Line led us to the conclusion that the intrinsic value of MOVADO GROUP share is around $41.5. Currently, MOVADO GROUP stock is traded at $26.2, which is 36.9% undervalued. Therefore, we believe this presents a compelling opportunity for investors to buy at a significant discount to the intrinsic value of the stock. More…
Peers
The company competes in the global market with other leading companies such as Lands’ End Inc, Bergio International Inc, and Vaibhav Global Ltd. Movado Group has a strong portfolio of brands that cater to different segments of the market. The company’s products are known for their unique design and superior quality. Movado Group has a wide distribution network and a strong marketing and advertising capability. The company’s focus on innovation and customer satisfaction has helped it to maintain its leading position in the market.
– Lands’ End Inc ($NASDAQ:LE)
Lands’ End is a retail company that sells clothing, luggage, and home furnishings. The company was founded in 1963 and is headquartered in Dodgeville, Wisconsin. Lands’ End operates through two segments: Direct and Retail. The Direct segment offers products through catalogs, website, and corporate sales. The Retail segment operates Lands’ End Shops at Sears locations and standalone Lands’ End Inlet stores. As of 2022, Lands’ End had a market cap of 314.92 million and a return on equity of 7.35%.
– Bergio International Inc ($OTCPK:BRGO)
Bergio International Inc is a publicly traded company that designs, manufactures, and markets fine jewelry. The company was founded in 1984 and is headquartered in New York, New York. As of 2022, Bergio International Inc had a market capitalization of $675,620.00 and a return on equity of -4.34%. The company’s products are sold through its own website and through independent retailers.
– Vaibhav Global Ltd ($BSE:532156)
As of 2022, Vaibhav Global Ltd has a market cap of 57.39B and a ROE of 10.1%. The company is engaged in the design, manufacture and export of fashion jewelry, watches and accessories. It has a strong presence in the US, Europe and Asia Pacific markets. The company has a wide range of products that are affordable and stylish.
Summary
Going forward, investors should watch for further news from the company as it navigates the current economic environment, while also keeping an eye on Movado’s efforts to expand and innovate its product lines and offerings. Overall, Movado Group remains a solid long-term investment for those looking to diversify their portfolio with a brand that has proven its resilience in challenging times.
