PENGUIN INTERNATIONAL Reports Second Quarter Earnings for FY2023
August 11, 2023
🌥️Earnings Overview
PENGUIN INTERNATIONAL ($SGX:BTM) reported its earnings results for the second quarter of FY2023, ending on June 30 2023, on August 9 2023. Total revenue for the quarter was SGD 89.0 million, a 44.9% increase compared to the same period in the previous year. Unfortunately, the company’s net income for the quarter was SGD 2.4 million, a 64.6% decrease from the same quarter in the prior year.
Price History
The company’s stock opened at SG$0.8 and closed at the same price. This marked a continuation of the steady growth for PENGUIN INTERNATIONAL as their stock has steadily increased since their initial public offering. Despite the ongoing global economic uncertainty, PENGUIN INTERNATIONAL was able to increase its earnings due to significant investments in its product development and marketing initiatives. This was largely driven by an increase in international sales, as well as a decrease in operating costs.
Overall, investors appear to be pleased with PENGUIN INTERNATIONAL’s second quarter earnings. Shares of the company have generally been increasing since the beginning of the year, and the outlook for FY2023 looks positive. With further investments in product development and marketing initiatives, PENGUIN INTERNATIONAL expects to continue to grow and increase profits in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Penguin International. More…
| Total Revenues | Net Income | Net Margin |
| 162.78 | 6.13 | 2.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Penguin International. More…
| Operations | Investing | Financing |
| 24.15 | -44.87 | 23.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Penguin International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 369.09 | 169.87 | 0.9 |
Key Ratios Snapshot
Some of the financial key ratios for Penguin International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.2% | -9.5% | 7.5% |
| FCF Margin | ROE | ROA |
| -18.5% | 3.8% | 2.1% |
Analysis
At GoodWhale, we conducted an analysis of PENGUIN INTERNATIONAL‘s fundamentals. We found that PENGUIN INTERNATIONAL scored well in our Star Chart, showing they are strong in asset and dividend and mediocre in growth and profitability. Furthermore, we gave PENGUIN INTERNATIONAL an intermediate health score of 6/10 which suggests that they could safely ride out any financial crisis without the risk of bankruptcy. We also classified PENGUIN INTERNATIONAL as a ‘rhino’, meaning that they have achieved moderate revenue or earnings growth. Based on these results, different types of investors may find PENGUIN INTERNATIONAL attractive: those looking for a stable asset to add to their portfolio may be drawn to their strong asset and dividend scores, while those looking for the potential of long-term growth may be drawn to their moderate revenue and earnings growth. Furthermore, those looking for a company that is financially secure may be drawn to their intermediate health score. More…
Peers
It operates in competition with numerous other industry-leading companies, such as Cochin Shipyard Ltd, Nam Cheong Ltd, and Garware Marine Industries Ltd. All four of these companies have established reputations for providing reliable and cost-effective solutions to their customers. They each strive to provide the best products and services in the industry.
– Cochin Shipyard Ltd ($BSE:540678)
Cochin Shipyard Ltd is an engineering and shipbuilding company based in Kochi, India. It is the largest state-owned shipbuilding and maintenance facility in India and is part of the Cochin Port Trust. The company specializes in the construction and repair of ships, oil rigs, offshore structures, and floating restaurants. As of 2023, Cochin Shipyard Ltd has a market capitalization of 75.29 billion and a Return on Equity (ROE) of 6.35%. This indicates that for every dollar of shareholders’ equity in the company, 6.35 cents of net income is derived. This financial performance highlights the company’s effectiveness in deploying its resources to generate profits and enhance shareholder returns.
– Nam Cheong Ltd ($SGX:N4E)
Nam Cheong Ltd is a Malaysian-based engineering and offshore services provider. The company offers integrated offshore marine solutions, ranging from ship design and shipbuilding to offshore support services. As of 2023, Nam Cheong Ltd has a market cap of 29.09M and a Return on Equity of -10.3%. Market capitalization is a measure of the company’s value based on the current stock price and the total number of outstanding shares. Meanwhile, return on equity is a measure of how well the company is using its shareholders’ money to generate profits. Nam Cheong Ltd’s negative ROE indicates that the company is not effectively using its resources to generate a return for shareholders.
– Garware Marine Industries Ltd ($BSE:509563)
Garware Marine Industries Ltd is a leading global manufacturer of fishing nets, ropes, and plastic products. The company has a market cap of 44.75M as of 2023, with a Return on Equity (ROE) of 0.73%. This suggests that the company is generating returns relative to its shareholders’ investments. The company’s market cap reflects the perceived value of the company in the marketplace and indicates the potential for future growth. Additionally, the ROE suggests that the company is creating value for its shareholders.
Summary
PENGUIN INTERNATIONAL has reported their earnings results for the second quarter of FY2023, with total revenue increasing by 44.9% compared to the same period last year. Despite this, the company reported a 64.6% decrease in net income year over year. For investors, this presents a mixed outlook. While the significant increase in revenue suggests that the company is growing their operations, the drastic cut in income is cause for concern and further research should be done into this decrease before investing.
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