This one looks interesting. $3.8b annual sales with a 8% operating margin.
So that's about $300m operating profit, tax it at 25%, net income about $225m.
Market cap is only $850m. So the PE is about 3x to 4x.
Am I doing that correctly? Gave it a real quick look.
Why don't these guys pay a dividend?
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Yeah, here's fiscal 2024 results
- Consolidated net sales of $3.72 billion, a decrease of 0.3% compared to the prior year;
- Consolidated comparable sales increase of 0.3%;
- Global e-commerce sales of $364 million, representing 9.8% of net sales;
- GAAP gross margin of 50.9%, flat to the prior year, and Adjusted Gross Margin increased to 50.9% compared to 50.8% in the prior year;
- GAAP operating earnings of $283 million and GAAP operating margin of 7.6%, Adjusted Operating Earnings of $315 million and Adjusted Operating Margin of 8.5%;
- GAAP diluted net earnings per share of $1.43 and Adjusted Diluted Net Earnings Per Share of $1.69; and
- Cash flow from operations of $247 million and Operating Free Cash Flow of $145 million.
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Never mind, I ignored interest expense. It's about $75m per year, so income before taxes is about $200m, tax that at 25%, and you've got $150m net income.
Still, not bad for a $850m market cap company. PE is about 5x to 6x. |
