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Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Wednesday, December 20, 2023

Clorox Valuation

 


Clorox, the American manufacturer of consumer and professional products is undervalued according to Wolfteam Ltd.

Clorox with revenue of 7.39 billion USD, growing at 3.97 %, net profit margin of 2.02 % for 2022 has an intrinsic value of 22 billion USD, compared to Clorox's market capitalization of 17.50 billion USD.

In short, the market is extrapolating the recent quarters' average net profit margin of around 4 %, one quarter with negative profitability into the future.

It has to be noted that the trailing annual dividend yield of Clorox is 3.4 %, which also makes Clorox undervalued.

In its first fiscal quarter of 2024 Clorox reported revenue of 1.386 billion USD:

Clorox Reports Q1 Fiscal Year 2024 Results, Updates Outlook

November 1, 2023
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OAKLAND, Calif., Nov. 1, 2023 /PRNewswire/ -- The Clorox Company (NYSE: CLX) today reported results for the first quarter of fiscal year 2024, which ended Sept. 30, 2023.

First-Quarter Fiscal Year 2024 Summary

Following is a summary of key results for the first quarter, which was marked by the impact of the previously announced cyberattack. All comparisons are with the first quarter of fiscal year 2023 unless otherwise stated.

  • Net sales decreased 20% to $1.4 billion compared to a 4% net sales decrease in the year-ago quarter. The decrease was driven largely by lower volume resulting from the cyberattack, partially offset by favorable price mix. Organic sales1 were down 18%.
  • Gross margin increased 240 basis points to 38.4% from 36.0% in the year-ago quarter, due to the benefits of pricing and cost-savings initiatives, partially offset by the impact of lower volume.
  • Diluted net earnings per share (diluted EPS) decreased 75% to 17 cents from 68 cents in the year-ago quarter. This decrease includes current-period investments in the company's long-term strategic digital capabilities and productivity enhancements (17 cents) and incremental expenses resulting from the cyberattack (15 cents).
  • Adjusted EPS1 decreased 47% to 49 cents from 93 cents in the year-ago quarter, due to lower volume partially offset by the benefits of pricing and ongoing cost-savings initiatives.
  • Year-to-date net cash provided by operations was $20 million compared to $178 million in the year-ago period, representing an 89% decrease.

 

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