Hooker Furnishings Corporation
Find Ratings ReportsHOOKER FURNISHINGS CORP's gross profit margin for the third quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. HOOKER FURNISHINGS CORP is extremely liquid. Currently, the Quick Ratio is 2.19 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 12.25% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 116.83 | 151.58 |
EBITDA ($mil) | 11.02 | 8.59 |
EBIT ($mil) | 8.77 | 6.42 |
Net Income ($mil) | 7.04 | 4.84 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 39.8 | 6.51 |
Total Assets ($mil) | 354.5 | 400.25 |
Total Debt ($mil) | 79.92 | 79.04 |
Equity ($mil) | 227.79 | 259.59 |
Profitability | Q3 FY23 | Q3 FY22 |
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Gross Profit Margin | 29.99 | 21.97 |
EBITDA Margin | 9.43 | 5.66 |
Operating Margin | 7.51 | 4.24 |
Sales Turnover | 1.32 | 1.47 |
Return on Assets | -2.42 | 2.39 |
Return on Equity | -3.78 | 3.7 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 3.71 | 3.8 |
Debt/Capital | 0.26 | 0.23 |
Interest Expense | 0.43 | 0.0 |
Interest Coverage | 20.44 | 0.0 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 10.67 | 11.42 |
Div / share | 0.22 | 0.2 |
EPS | 0.65 | 0.42 |
Book value / share | 21.34 | 22.73 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 41683.0 | 30484.0 |
HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 1.09 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 12.21. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, HOOKER FURNISHINGS CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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HOFT NM | Peers 24.98 | HOFT 3.74 | Peers 10.17 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. HOFT's P/E is negative making this valuation measure meaningless. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. HOFT is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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HOFT 11.10 | Peers 14.29 | HOFT NA | Peers 0.92 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. HOFT is trading at a valuation on par with its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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HOFT 1.09 | Peers 12.21 | HOFT -192.59 | Peers 81.60 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. HOFT is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, HOFT is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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HOFT 0.53 | Peers 1.14 | HOFT -20.27 | Peers 18.35 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. HOFT is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. HOFT significantly trails its peers on the basis of sales growth. |
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