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David Nierenberg's Strategic Moves in Q3 2024: A Closer Look at Mr. Cooper Group Inc's Impact
Wed 13 Nov 24, 08:02 PM| Breakdown | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 |
| Income before tax | -6.14900M | 15.11M | -14.56800M | 21.93M | 51.59M |
| Minority interest | - | - | - | - | - |
| Net income | -4.31200M | 11.72M | -10.42600M | 17.08M | 39.87M |
| Selling general administrative | 95.81M | 84.47M | 80.41M | 88.87M | 91.93M |
| Selling and marketing expenses | - | - | 80.41M | 88.87M | 91.93M |
| Gross profit | 93.29M | 101.70M | 112.75M | 113.96M | 146.99M |
| Reconciled depreciation | 8.83M | 7.81M | 6.78M | 7.10M | 7.44M |
| Ebit | -5.61700M | 14.84M | 30.29M | 22.71M | 53.04M |
| Ebitda | 3.21M | 23.03M | 37.07M | 30.27M | 60.49M |
| Depreciation and amortization | 8.83M | 8.19M | 6.78M | 7.56M | 7.44M |
| Non operating income net other | 0.42M | 0.37M | 0.34M | 0.46M | 0.37M |
| Operating income | -5.61700M | 14.84M | 30.29M | 22.71M | 52.67M |
| Other operating expenses | 589.13M | 578.77M | 510.13M | 588.12M | 630.83M |
| Interest expense | 0.52M | 0.11M | 0.54M | 1.24M | 1.45M |
| Tax provision | -1.83700M | 3.39M | -4.14200M | 4.84M | 11.72M |
| Interest income | - | - | - | - | - |
| Net interest income | -0.51900M | -0.11000M | -0.54000M | -1.23800M | -1.45400M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | 0.01M | - | 44.32M | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | -1.83700M | 3.39M | -4.14200M | 4.84M | 11.72M |
| Total revenue | 583.10M | 593.61M | 540.08M | 610.82M | 683.50M |
| Total operating expenses | 99.33M | 86.86M | 82.79M | 91.25M | 94.31M |
| Cost of revenue | 489.81M | 491.91M | 427.33M | 496.87M | 536.51M |
| Total other income expense net | -0.53200M | 0.26M | -44.85800M | -0.78000M | 0.37M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | -4.31200M | 11.72M | -10.42600M | 17.08M | 39.87M |
| Net income applicable to common shares | -4.31200M | 11.72M | -10.42600M | 17.08M | 39.87M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Total assets | 343.59M | 381.72M | 374.56M | 352.27M | 393.71M |
| Intangible assets | 28.62M | 31.78M | 23.85M | 26.24M | 33.37M |
| Earning assets | - | - | - | - | - |
| Other current assets | 5.53M | 6.42M | 5.24M | 4.43M | 4.72M |
| Total liab | 117.61M | 145.69M | 113.43M | 94.77M | 119.59M |
| Total stockholder equity | 225.97M | 236.02M | 261.13M | 257.50M | 274.12M |
| Deferred long term liab | - | 8.18M | 9.92M | 11.22M | 11.38M |
| Other current liab | 10.66M | 16.73M | 11.40M | 10.99M | 9.14M |
| Common stock | 49.52M | 50.77M | 53.30M | 53.32M | 51.58M |
| Capital stock | 49.52M | 50.77M | 53.30M | 53.32M | 51.58M |
| Retained earnings | 175.72M | 184.39M | 207.88M | 204.99M | 223.25M |
| Other liab | - | 9.02M | 9.92M | 11.22M | 11.38M |
| Good will | 15.04M | 14.95M | 0.49M | 0.49M | 40.06M |
| Other assets | - | 51.72M | 42.59M | 40.43M | 28.89M |
| Cash | 43.16M | 19.00M | 69.37M | 65.84M | 36.03M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 41.41M | 50.04M | 56.94M | 54.11M | 50.13M |
| Current deferred revenue | 5.92M | 8.51M | 7.14M | 4.26M | 3.35M |
| Net debt | 33.09M | 76.34M | -15.32600M | -29.75000M | 34.19M |
| Short term debt | 8.36M | 8.71M | 7.47M | 6.65M | 12.14M |
| Short long term debt | 1.39M | 1.39M | - | - | 5.83M |
| Short long term debt total | 76.25M | 95.34M | 54.04M | 36.09M | 70.22M |
| Other stockholder equity | - | 50.77M | 53.85M | -0.80800M | 0.29M |
| Property plant equipment | - | 27.01M | 28.06M | 26.78M | 29.91M |
| Total current assets | 164.80M | 187.30M | 227.71M | 223.72M | 221.97M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | 189.29M | 236.78M | 230.78M | 200.69M |
| Short term investments | - | - | - | - | - |
| Net receivables | 54.29M | 65.21M | 78.09M | 83.29M | 88.40M |
| Long term debt | 21.48M | 22.87M | - | - | 24.28M |
| Inventory | 61.81M | 96.67M | 75.02M | 70.16M | 92.81M |
| Accounts payable | 16.47M | 16.09M | 30.92M | 32.21M | 25.49M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 0.73M | 0.86M | -0.05100M | -0.80800M | -0.71300M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | 50.77M | 53.30M | 53.32M | 51.58M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | 184.39M | 207.88M | 204.99M | 223.25M |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 43.18M | 37.24M | 30.98M | 0.89M | 1.12M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 178.79M | 194.41M | 146.84M | 128.55M | 171.74M |
| Capital lease obligations | 53.38M | 71.08M | 54.04M | 36.09M | 40.10M |
| Long term debt total | - | - | - | - | 24.28M |
| Breakdown | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 |
| Investments | -29.96500M | -6.86200M | -0.47600M | 1.45M | 0.12M |
| Change to liabilities | -10.43600M | -0.12100M | 9.42M | -20.63400M | 6.56M |
| Total cashflows from investing activities | -29.96500M | -6.86200M | -0.47600M | -4.25400M | -4.51100M |
| Net borrowings | 24.26M | 24.30M | -30.13900M | -5.36800M | -17.91700M |
| Total cash from financing activities | 1.32M | -8.82200M | -37.97700M | -12.57900M | -24.63100M |
| Change to operating activities | -0.90800M | -3.00800M | 2.46M | -2.73200M | -3.38800M |
| Net income | -4.31200M | 11.72M | -10.42600M | 17.08M | 39.87M |
| Change in cash | -50.36400M | 3.52M | 29.81M | 24.60M | -19.48000M |
| Begin period cash flow | 69.37M | 65.84M | 36.03M | 11.44M | 30.91M |
| End period cash flow | 19.00M | 69.37M | 65.84M | 36.03M | 11.44M |
| Total cash from operating activities | -21.71800M | 19.21M | 68.26M | 41.43M | 9.66M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 8.83M | 7.81M | 6.78M | 7.10M | 7.44M |
| Other cashflows from investing activities | -25.76600M | -0.17000M | 0.73M | -0.57400M | 0.58M |
| Dividends paid | -9.60200M | -8.82200M | -7.83800M | -7.21100M | 6.71M |
| Change to inventory | -47.82700M | -4.86300M | 22.65M | 12.39M | -21.32300M |
| Change to account receivables | 16.83M | 9.52M | -0.32300M | 25.34M | -17.98200M |
| Sale purchase of stock | -13.34200M | - | - | - | - |
| Other cashflows from financing activities | 61.15M | -6.86200M | -0.47600M | -4.25400M | -4.51100M |
| Change to netincome | 25.88M | -0.30100M | 50.46M | 0.02M | -2.34500M |
| Capital expenditures | 4.20M | 6.69M | 1.21M | 5.13M | 5.21M |
| Change receivables | 16.83M | 9.52M | -0.32300M | 25.34M | -17.98200M |
| Cash flows other operating | -10.67800M | -4.55600M | -10.29900M | 0.13M | -2.56300M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | -50.36400M | 3.52M | 29.81M | 24.60M | -19.48000M |
| Change in working capital | -48.31300M | -1.63800M | 33.63M | 16.07M | -36.50500M |
| Stock based compensation | 1.24M | -0.02700M | 1.74M | 1.30M | 1.28M |
| Other non cash items | 23.99M | -0.98100M | 47.80M | -2.05700M | -1.21100M |
| Free cash flow | -25.91700M | 12.52M | 67.05M | 36.30M | 4.45M |
Sector: Consumer Cyclical Industry: Furnishings, Fixtures & Appliances
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| HOFT Hooker Furniture Corporation |
-0.165 1.27% | 12.84 | 18.02 | 12.69 | 0.45 | 0.86 | 0.51 | -137.3312 |
| HRSHF Haier Smart Home Co. Ltd |
- -% | 3.26 | 10.36 | 8.90 | 0.10 | 1.68 | 0.08 | 1.00 |
| HSHCY Haier Smart Home Co. Ltd |
-0.01 0.08% | 12.82 | 10.92 | 9.25 | 0.10 | 1.74 | 0.09 | 1.04 |
| QIHCF Haier Smart Home Co. Ltd |
- -% | 2.50 | 3.77 | 3.10 | 0.10 | 0.58 | 0.02 | 0.27 |
| NCLTY Nitori Holdings Co. Ltd |
- -% | 8.85 | 23.73 | 19.38 | 0.02 | 2.36 | 0.02 | 0.11 |
Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand. The Home Meridian segment provides home furnishings under the Accentrics Home brand; a range of bedroom, dining room, accent, display cabinet, home office, and youth furnishings under the Pulaski Furniture and Samuel Lawrence Furniture brands; and imported leather motion upholstery under the Prime Resources International brand. This segment also designs and supplies hotel furnishings for four and five-star hotels under the Samuel Lawrence Hospitality brand name. The Domestic Upholstery segment offers motion and stationary leather furniture under the Bradington-Young brand; chairs, sofas, sectionals, recliners, and a variety of accent upholstery pieces under the HF Custom brand; and upholstered furniture, such as private label sectionals, modulars, sofas, chairs, ottomans, benches, beds, and dining chairs for lifestyle specialty retailers under the Shenandoah Furniture brand. This segment also designs and manufactures outdoor furniture under the Sunset West brand. The company supplies upholstered seating and casegoods to upscale senior living and assisted living facilities through designers, design firms, industry dealers, and distributors under the H Contract brand; and interior designer products under the Lifestyle Brands name; and lighting, accessories, and home décor products under the BOBO Intriguing Objects brand. It sells home furnishing products through retailers, such as independent furniture stores, department stores, mass merchants, national chains, catalog merchants, interior designers, and e-commerce retailers primarily in North America. Hooker Furni
440 East Commonwealth Boulevard, Martinsville, VA, United States, 24112
| Name | Title | Year Born |
|---|---|---|
| Mr. Jeremy R. Hoff | CEO & Director | 1973 |
| Mr. Paul A. Huckfeldt | CFO and Sr. VP of Fin. & Accounting | 1958 |
| Mr. Tod R. Phelps | Sr. VP of Operations & Chief Information Officer | 1969 |
| Ms. Anne M. Jacobsen Smith | Chief Admin. Officer & Pres of Domestic Upholstery | 1962 |
| Mr. Johne Albanese | Chief Marketing Officer | NA |
| Mr. Michael H. Harris | Pres of Hooker Casegoods & Upholstery | 1965 |
| Mr. C. Earl Armstrong III | Corp. Controller & Sec. | NA |
| Mr. Paul A. Huckfeldt | CFO and Senior VP of Finance & Accounting | 1958 |
| Mr. Tod R. Phelps | Senior VP of Operations & Chief Information Officer | 1969 |
| Ms. Anne M. Jacobsen Smith | Chief Administration Officer & President of Domestic Upholstery | 1962 |
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