- We see Hooker Furniture having a total return potential of 47% [in the past, Hooker Furniture has gone up 62% since we initiated coverage].
- This stock is relatively inexpensive trading at 7.3x ex-cash P/E.
- The company has ample net cash, representing 22% of the market cap.
- Their HMI division has record backlog and orders, which have been subdued in light of the ongoing and temporary supply chain disruptions.
- Housing market is strong with legs till FY23, with markets witnessing biddings war and demand outstripping supply.
For further details see:
Hooker Furniture: 13% FCF Yield, 7.3x P/E And 22% Net Cash