Redwire Corporation Stock Fair Value – REDWIRE CORPORATION Reports Positive Earnings Results for Q2 FY2023
August 13, 2023
☀️Earnings Overview
REDWIRE CORPORATION ($NYSE:RDW) announced their financial results for the second quarter of FY2023 (ending June 30, 2023) on August 7, 2023. Revenue for the quarter was USD 60.1 million, a significant increase of 63.6% compared to the same quarter in the prior year. Net income for the period was -5.5 million, a drastic improvement from -77.0 million in the previous year.
Share Price
On Monday, REDWIRE CORPORATION, a leading technology and engineering solutions provider, reported their positive earnings results for the second quarter of FY2023. The company’s stock opened at $3.6 and closed at $3.4, up by 1.2% from its last closing price of $3.4. While the majority of the revenue was generated through the company’s technology and engineering solutions, a considerable portion of the upsurge was attributed to the increasing demand for the company’s medical equipment and services.
The financial performance of REDWIRE CORPORATION in Q2 FY2023 has been met with widespread approval and optimism from analysts and investors alike. With the company’s strong performance in the second quarter, market experts anticipate that REDWIRE CORPORATION will continue to post positive results for the remainder of FY2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Redwire Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 208.66 | -58.19 | -14.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Redwire Corporation. More…
| Operations | Investing | Financing |
| -27.28 | -37.86 | 65.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Redwire Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 251.4 | 189.81 | -0.37 |
Key Ratios Snapshot
Some of the financial key ratios for Redwire Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -20.1% |
| FCF Margin | ROE | ROA |
| -15.3% | 147.0% | -10.4% |
Analysis – Redwire Corporation Stock Fair Value
At GoodWhale, we’ve done an in-depth analysis of REDWIRE CORPORATION‘s financials. After thorough examination, we’ve calculated the fair value of REDWIRE CORPORATION share to be around $6.3, through our proprietary Valuation Line. This is a significant increase from its current price of $3.4, representing an undervaluation of 46.5%. Therefore, we believe that investors should take advantage of this opportunity and invest in REDWIRE CORPORATION before the stock price rises to its true value. More…
Peers
In the global market for aviation parts and services, Redwire Corp competes against Jiangsu Maixinlin Aviation Science and Technology Corp, Chengdu ALD Aviation Manufacturing Corp, and Turbomecanica SA. These companies are all leaders in their respective fields, and each has its own strengths and weaknesses. In order to stay ahead of the competition, Redwire Corp must continually innovate and find ways to improve its products and services.
– Jiangsu Maixinlin Aviation Science and Technology Corp ($SHSE:688685)
Jiangsu Maixinlin Aviation Science and Technology Corp is a Chinese aviation company with a market cap of 2.31B as of 2022. The company has a Return on Equity of 5.67%. Jiangsu Maixinlin Aviation Science and Technology Corp is involved in the research, development, production, and sale of aviation products. The company’s products include aircraft engines, aircraft parts, and aviation equipment.
– Chengdu ALD Aviation Manufacturing Corp ($SZSE:300696)
The company’s market cap is 8.75B as of 2022 and its ROE is 11.29%. The company manufactures aircraft and provides aircraft maintenance and other services.
– Turbomecanica SA ($LTS:0I5X)
Turbomecanica SA is a Romanian engineering company that specializes in the design and manufacture of turbojet engines for aircraft. The company has a market cap of 69.82M as of 2022 and a Return on Equity of 7.8%. Turbomecanica was founded in 1948 and is headquartered in Bucharest, Romania.
Summary
Investors interested in REDWIRE CORPORATION should take note of the company’s second quarter of FY2023 (ending June 30, 2023) financial results. Total revenue for the quarter increased significantly by 63.6% year-over-year to USD 60.1 million. Despite this impressive growth, net income for the quarter was still a loss of -5.5 million, although this was a marked improvement from the -77.0 million loss in the same period last year.
However, this may be cause for concern as it suggests the company may have difficulty achieving long-term profitability. Investors should carefully consider these results before making an investment in REDWIRE CORPORATION.
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