Nufarm Limited Stock Fair Value Calculation – NUFARM LIMITED Reports Second Quarter FY2023 Earnings Results on May 18 2023.
May 30, 2023
Earnings Overview
On May 18 2023, NUFARM LIMITED ($ASX:NUF) released their earnings report for the second quarter of their fiscal year 2023, which ended on March 31 2023. Their total revenue for the quarter totaled AUD 1954.6 million, a decrease of 9.7% from the same period in the prior year. Net income increased 51.0%, amounting to AUD 149.0 million compared to the second quarter of FY2022.
Share Price
By the end of the trading day, NUFARM LIMITED’s stock had opened at AU$5.8 and closed at AU$6.0. The results were largely driven by NUFARM LIMITED’s focus on developing innovative agricultural solutions and expanding their global presence, with the company increasing their revenue by 6% from the same period last year. Furthermore, cost reductions and increased efficiency across the business also contributed to the positive results.
Overall, investors were pleased with NUFARM LIMITED’s strong performance and the stock is expected to remain steady in the near future. As the company continues to focus on expanding their global presence and developing innovative agricultural solutions, investors remain optimistic that the company will continue to deliver positive results in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nufarm Limited. More…
| Total Revenues | Net Income | Net Margin |
| 3.56k | 157.76 | 4.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nufarm Limited. More…
| Operations | Investing | Financing |
| -133.93 | -283.23 | 264.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nufarm Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.31k | 2.97k | 6.15 |
Key Ratios Snapshot
Some of the financial key ratios for Nufarm Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | -41.3% | 7.1% |
| FCF Margin | ROE | ROA |
| -9.1% | 7.0% | 3.0% |
Analysis – Nufarm Limited Stock Fair Value Calculation
At GoodWhale, we have conducted a thorough analysis of the fundamentals of NUFARM LIMITED. Based on our proprietary Valuation Line, our fair value assessment for the company’s share is around AU$5.2. In the market, the stock is currently traded at AU$6.0, which is a fair price, albeit slightly overvalued by 15.4%. More…
Peers
Nufarm Ltd is an Australian agricultural chemicals company. It is a leading supplier of crop protection products and services in Australia and New Zealand. The company has a strong presence in Asia, Latin America, and Africa. Nufarm Ltd’s main competitors are Kiwa Bio-Tech Products Group Corp, BioNitrogen Holdings Corp, and Equippp Social Impact Technologies Ltd.
– Kiwa Bio-Tech Products Group Corp ($OTCPK:KWBT)
Kiwa Bio-Tech Products Group Corp is a Chinese company that produces and sells organic fertilizer products. The company has a market capitalization of $56.48 million and a negative return on equity of 5.54%. Kiwa Bio-Tech Products Group Corp’s products are designed to improve the quality of soil and promote plant growth. The company’s products are used by farmers and gardeners in China and around the world.
– BioNitrogen Holdings Corp ($OTCPK:BIONQ)
Equippp Social Impact Technologies Ltd is a technology company that provides solutions for social impact. The company offers a range of services, including social media management, website design, and data analysis. It has a market cap of 4.02B as of 2022 and a return on equity of -23.29%. The company’s products and services are used by a variety of organizations, including nonprofits, government agencies, and businesses.
Summary
Nufarm Limited reported strong second quarter earnings results for FY2023, ending on March 31 2023 on May 18 2023. Total revenue for the quarter was AUD 1954.6 million, a decrease of 9.7% compared to the same period last year.
However, net income reported was AUD 149.0 million, an increase of 51.0% from the same quarter in the previous year. This positive performance sent the company’s stock price up the same day, indicating investor confidence in the company’s future prospects. Investors should consider the company’s financial performance and outlook going forward when making investments decisions.
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