Haverty Furniture Companies Inc.
Find Ratings ReportsHAVERTY FURNITURE's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Sales and net income have dropped, however the growth has outpaced the average competitor within the subsector.
During the same period, stockholders' equity ("net worth") has increased by 6.55% from the same quarter last year.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.
Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 210.74 | 280.56 |
EBITDA ($mil) | 21.49 | 35.64 |
EBIT ($mil) | 16.71 | 31.45 |
Net Income ($mil) | 15.0 | 23.74 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 127.78 | 129.93 |
Total Assets ($mil) | 654.13 | 649.05 |
Total Debt ($mil) | 217.75 | 221.29 |
Equity ($mil) | 308.37 | 289.4 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 64.62 | 58.5 |
EBITDA Margin | 10.19 | 12.7 |
Operating Margin | 7.93 | 11.21 |
Sales Turnover | 1.32 | 1.61 |
Return on Assets | 8.6 | 13.76 |
Return on Equity | 18.26 | 30.88 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.82 | 1.79 |
Debt/Capital | 0.41 | 0.43 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 16.27 | 16.15 |
Div / share | 1.3 | 1.28 |
EPS | 0.9 | 1.42 |
Book value / share | 18.95 | 17.92 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 105747.0 | 85886.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 9.44 for the Furniture and Home Furnishings Stores subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 1.64 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 1.68. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. The valuation analysis reveals that, HAVERTY FURNITURE appears to be valued on par with the investment alternatives.
Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
HVT 9.23 | Peers 9.44 | HVT 5.19 | Peers 5.31 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. HVT is trading at a valuation on par with its peers. |
Average. 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. HVT is trading at a valuation on par to its peers. |
|||||||||||||||||||||||
Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
HVT 8.80 | Peers 9.00 | HVT NM | Peers 0.00 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. HVT is trading at a significant premium to 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. HVT's negative PEG ratio makes this valuation measure meaningless. |
|||||||||||||||||||||||
Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
HVT 1.64 | Peers 1.68 | HVT -36.13 | Peers -36.13 | |||||||||||||||||||||
Average. 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. HVT is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, HVT is expected to significantly trail its peers on the basis of its earnings growth rate. |
|||||||||||||||||||||||
Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
HVT 0.59 | Peers 0.60 | HVT -17.68 | Peers -17.68 | |||||||||||||||||||||
Average. 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. HVT is trading at a valuation on par with its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. HVT significantly trails its peers on the basis of sales growth. |
|||||||||||||||||||||||