Hooker Furniture operates as a home furnishings marketing, design, and logistics company primarily in North America. It designs, imports, manufactures, and markets residential household furniture products. The company was founded in 1924 and is based in Martinsville, Virginia.
HOFT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Hooker Furniture Corp. To summarize, we found that Hooker Furniture Corp ranked in the 78th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 347.83%. As for the metrics that stood out in our discounted cash flow analysis of Hooker Furniture Corp, consider:
The company's debt burden, as measured by earnings divided by interest payments, is 18.71 -- which is good for besting 85.04% of its peer stocks (US stocks in the Consumer Cyclical sector with positive cash flow).
Hooker Furniture Corp's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 16.21% of tickers in our DCF set.
HOFT's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than merely 16.21% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Hooker Furniture Corp? See AMCX, WGO, BERY, CRI, and IPG.
Hooker Furniture (HOFT) announced that due to the COVID-19 pandemic and related recommendations, protocols and orders issued by public health authorities and federal, state and local governments, it will provide remote telephonic access (listen only) to its annual meeting of shareholders on June 11, 2020 at 1 p.m. Due to the COVID-19 pandemic, the Company strongly discourages in-person shareholder attendance for shareholders wishing only to listen to the meeting and strongly encourages shareholders who wish to listen to the meeting to utilize the remote, telephonic option. At the annual meeting, the Company will comply with all federal, state and local guidelines and orders from governmental officials and providing this remote listen-only option will help it in that effort.