Snap-on Incorporated Intrinsic Value – Snap-On Incorporated Soars 8% After Impressive First Quarter Results
April 21, 2023
Trending News ☀️
SNAP-ON ($NYSE:SNA): Snap-On Incorporated, a power tool and equipment manufacturer, saw its stock rise 8% to one of the top percentage gainers on the S&P 500 index after they reported impressive first quarter results. The market reacted positively to these results, driving the share price up significantly. The market responded positively to these impressive results with Snap-On stock rising 8% on Monday and Tuesday. This was one of the biggest increases in the S&P 500, indicating investor confidence in the company’s future prospects.
Overall, Snap-On Incorporated’s impressive first quarter results have provided a much-needed boost to the company’s stock price and investor sentiment. With continued focus on increasing sales of their industrial and automotive tools, this could be the start of an extended period of growth for the company.
Market Price
On Thursday, Snap-On Incorporated, a leading global innovator, manufacturer, and marketer of tools, equipment, diagnostics, and repair information and services, experienced a significant 8.0% stock increase to close at $258.9. This was a major jump from its prior closing price of $239.8. The company’s stock saw a considerable spike after its impressive first quarter results were released.
The impressive first quarter performance was met with positive reactions from analysts, with many noting the strength of the company’s core customer base, its product innovation, and its strong balance sheet as major contributors to their growth. With continued positive results in the upcoming quarters, the future looks bright for Snap-On Incorporated. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Snap-on Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 4.58k | 943 | 20.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Snap-on Incorporated. More…
| Operations | Investing | Financing |
| 782.9 | -272.5 | -530.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Snap-on Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.13k | 2.49k | 84.55 |
Key Ratios Snapshot
Some of the financial key ratios for Snap-on Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.7% | 10.9% | 28.2% |
| FCF Margin | ROE | ROA |
| 15.2% | 17.7% | 11.3% |
Analysis – Snap-on Incorporated Intrinsic Value
At GoodWhale, we have conducted a comprehensive analysis of SNAP-ON INCORPORATED‘s wellbeing. Our proprietary Valuation Line was used to calculate the intrinsic value of SNAP-ON INCORPORATED’s share and it came out to be around $224.7. This means that investors should take caution when investing in SNAP-ON INCORPORATED right now as the stock may not live up to its current valuation in the future. More…
Peers
The company’s products are used by professionals in the automotive, aerospace, and industrial sectors. Snap-on’s products are also used by hobbyists and do-it-yourselfers. The company has a wide range of products that compete with those of its competitors.
– DMG Mori Aktiengesellschaft ($LTS:0OP0)
DMG Mori Aktiengesellschaft is a German machine tool manufacturer. The company is headquartered in Bielefeld, Germany. DMG Mori Aktiengesellschaft is the parent company of DMG Mori Seiki Co., Ltd., a Japanese machine tool manufacturer. The company is listed on the Frankfurt Stock Exchange and Tokyo Stock Exchange.
DMG Mori Aktiengesellschaft has a market cap of 3.24B as of 2022 and a Return on Equity of 8.55%. The company is a leading manufacturer of machine tools and has a strong presence in both the German and Japanese markets.
– Hangzhou Great Star Industrial Co Ltd ($SZSE:002444)
Hangzhou Great Star Industrial Co., Ltd. is engaged in the manufacture and sale of tools and hardware products. The Company’s products include hand tools, power tools, air tools, garden tools, automobile maintenance tools, and others. It sells its products under the brand names of Greatstar, GPS, and others. The Company operates its business in China and internationally.
– Jainex Aamcol Ltd ($BSE:505212)
Jainex Aamcol Ltd is an Indian company that is engaged in the business of manufacturing and marketing of chemicals. The company has a market capitalization of 184.87 million as of 2022 and a return on equity of 33.37%. The company’s products include dyes, pigments, and other chemicals. The company has a strong presence in the Indian market and is one of the leading manufacturers of chemicals in the country.
Summary
Snap-On Incorporated, a leading global innovator of hand and power tools, diagnostics, repair information and systems solutions, recently posted strong first quarter results. Its stock price surged 8% on the S&P 500, making it one of the top performers for the day. Analysts attribute the surge in large part to the company’s strong revenue performance, which was driven by robust demand from its automotive aftermarket customer base.
Additionally, Snap-On’s focus on new product innovation and sales initiatives have been attributed to the strong quarter. Going forward, investors are optimistic that Snap-On’s core business will continue to show strong growth, and will be assisted by the numerous international expansion efforts currently underway. With a wide range of products and solutions, Snap-On looks poised to continue its impressive performance in the near term.
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