Last Updated: 19 Sep 2024
Executive Summary
Scotts Miracle-Gro Company (SMG) is a leading manufacturer and marketer of lawn and garden products, with a strong market position in the United States and international markets. The company has a diverse portfolio of brands, including Scotts, Miracle-Gro, and Ortho, and generates revenue through the sale of fertilizers, herbicides, pesticides, and other lawn and garden products.
Company Overview
Scotts Miracle-Gro was founded in 1868 and is headquartered in Marysville, Ohio. The company has a global presence with operations in over 50 countries. SMG's products are sold through a variety of channels, including retail stores, home centers, and online retailers.
Fundamental Analysis
Financial Performance:
Revenue: $3.51 billion (TTM)
Gross Profit: $843 million (TTM)
Diluted EPS: -$4.72 (TTM)
EBITDA: $430.6 million
Key Metrics:
Dividend Yield: 0.0368%
Price-to-Sales Ratio: 1.177
Price-to-Book Ratio: 18.98
Beta: 1.732
Valuation:
Analyst Target Price: $77.4
Forward PE Ratio: 17.79
Technical Analysis
52-Week High: $81.34
52-Week Low: $41.84
50-Day Moving Average: $69.54
200-Day Moving Average: $65.91
Short Term Outlook
The technical analysis suggests that SMG's stock is currently in a bullish trend, with the price above both the 50-day and 200-day moving averages. The analyst target price of $77.4 provides a potential upside of approximately 6.5%.
Long Term Outlook
The long-term outlook for SMG is positive. The company has a strong brand portfolio, a global presence, and a growing e-commerce business. The increasing demand for lawn and garden products, particularly in emerging markets, is expected to drive future growth.
Analyst Recommendations
Analysts have a mixed view on SMG's stock. Out of 10 analysts, 1 has a Strong Buy rating, 3 have a Buy rating, 5 have a Hold rating, and 0 have a Sell or Strong Sell rating. The average analyst target price is $77.4.
