As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners.
One of the cheapest stocks in our Stock Screeners is Lakeland Industries, Inc. (NASDAQ: LAKE).
Lakeland Industries Inc manufactures and sells safety garments and accessories for industrial protective clothing market. It offers limited use / disposable protective clothing, chemical protective suits, and firefighting and heat protective apparel. Its customers include integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries, as well as scientific and medical laboratories. The company made its sales to more than 40 foreign countries but primarily in China, European Economic Community, Canada, Chile, Argentina, Russia, Colombia, Mexico, Ecuador, Australia and Southeast Asia. It derives the sales primarily from the sale of limited use/disposable protective clothing.
A quick look at the share price history for Lakeland Industries (below) over the past twelve months shows that the price is up 153%. Here’s why the company is undervalued.
Market Cap: $217 Million
Enterprise Value: $179 Million
Operating Earnings: $36 Million
Acquirer’s Multiple: 4.93
Free Cash Flow (TTM)
Free Cash Flow: $33 Million
FCF/EV Yield: 18%
Piotroski F-Score: 8
Altman Z-Score: 10.44
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