Lakeland Industries Inc.
Find Ratings ReportsLAKELAND INDUSTRIES INC's gross profit margin for the third quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. LAKELAND INDUSTRIES INC is extremely liquid. Currently, the Quick Ratio is 2.88 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 4.05% 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 |
---|---|---|
Net Sales ($mil) | 31.68 | 28.39 |
EBITDA ($mil) | 2.69 | 2.81 |
EBIT ($mil) | 2.21 | 2.22 |
Net Income ($mil) | 2.62 | 1.43 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 26.43 | 34.95 |
Total Assets ($mil) | 148.32 | 136.42 |
Total Debt ($mil) | 10.74 | 4.12 |
Equity ($mil) | 123.59 | 118.77 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 43.71 | 45.43 |
EBITDA Margin | 8.5 | 9.9 |
Operating Margin | 6.96 | 7.83 |
Sales Turnover | 0.83 | 0.81 |
Return on Assets | 4.43 | 1.61 |
Return on Equity | 5.33 | 1.85 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 6.71 | 8.97 |
Debt/Capital | 0.08 | 0.03 |
Interest Expense | 0.01 | 0.0 |
Interest Coverage | 169.69 | 740.67 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 7.37 | 7.32 |
Div / share | 0.03 | 0.0 |
EPS | 0.34 | 0.19 |
Book value / share | 16.78 | 16.23 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 22773.0 | 24006.0 |
BUY. The current P/E ratio indicates a significant discount compared to an average of 49.88 for the Miscellaneous Manufacturing subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.92 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.96. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, LAKELAND INDUSTRIES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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LAKE 18.03 | Peers 49.88 | LAKE 15.20 | Peers 33.16 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. LAKE is trading at a significant discount to its peers. |
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. LAKE 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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LAKE 12.31 | Peers 24.07 | LAKE 0.05 | Peers 0.91 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. LAKE is trading at a significant discount to its peers. |
Discount. 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. LAKE trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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LAKE 0.92 | Peers 4.96 | LAKE 207.14 | Peers 126.83 | |||||||||||||||||||||
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. LAKE is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. LAKE is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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LAKE 0.93 | Peers 6.41 | LAKE 10.66 | Peers 8.91 | |||||||||||||||||||||
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. LAKE is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. LAKE has a sales growth rate that exceeds its peers. |
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