Associated Capital Intrinsic Value Calculator – ASSOCIATED CAPITAL Reports Q2 Earnings for FY2023 on August 10th
August 28, 2023
🌥️Earnings Overview
Associated Capital ($NYSE:AC) announced their second quarter FY2023 earnings results on August 10 2023, which ended on June 30 2023. The company earned a total revenue of USD 11.5 million, a 111.3% year-over-year increase from 2.5 million in the same period of the previous year. Net income also grew to USD 3.4 million in comparison to the year before.
Price History
On Thursday, August 10th, ASSOCIATED CAPITAL released its second quarter earnings report for the fiscal year 2023. At the opening of trading on the same day, the company’s stock opened at $36.7 and closed at $36.6. This was primarily attributed to cost containment initiatives and expense management.
Overall, the report was a positive one for ASSOCIATED CAPITAL shareholders, as the company continued to demonstrate solid returns despite challenging market conditions. The company’s management has expressed optimism about the future, citing their belief that current strategies will lead to improved performance and long-term success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Associated Capital. More…
| Total Revenues | Net Income | Net Margin |
| 49.66 | 18.29 | 50.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Associated Capital. More…
| Operations | Investing | Financing |
| 84.48 | 0.4 | -37.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Associated Capital. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 933.51 | 33.95 | 41.1 |
Key Ratios Snapshot
Some of the financial key ratios for Associated Capital are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.2% | – | 44.8% |
| FCF Margin | ROE | ROA |
| 170.1% | 1.5% | 1.5% |
Analysis – Associated Capital Intrinsic Value Calculator
GoodWhale’s analysis of ASSOCIATED CAPITAL‘s wellbeing has led us to determine that the fair value of its stocks is around $37.8, which we arrived at through our proprietary Valuation Line. Currently, ASSOCIATED CAPITAL stocks are being traded at $36.6, which is a fair price but undervalued by 3.1%. This is an excellent opportunity for investors to gain returns on their investments. More…
Peers
It faces competition from a host of rival firms such as Inani Securities Ltd, Instant Group AG, and FinnCap Group PLC. All of these companies are striving to capture market share and provide the best services to their customers. While the competition between Associated Capital Group Inc and its rivals is fierce, they all ultimately strive to provide the best services to their customers.
– Inani Securities Ltd ($BSE:531672)
Inani Securities Ltd is a leading independent Indian securities brokerage firm, providing a comprehensive suite of services to their clients. As of 2023, the company has a market capitalization of 93.2M, indicating that the company is well-positioned in the market. In addition, Inani Securities Ltd has a Return on Equity of 5.39%, indicating that the company is able to generate returns from the funds invested by shareholders. The company provides a wide range of services to its clients, including securities trading, research, investment banking and wealth management.
– Instant Group AG ($BER:CCB)
FinnCap Group PLC is a UK-based investment banking and corporate finance firm founded in 2007. The company specialises in providing advice and capital raising solutions to growth companies across the UK and Europe. As of 2023, FinnCap Group PLC had a market capitalisation of 23.77M and a Return on Equity of -0.53%. The market capitalisation is an indicator of the current value of the company, while the Return on Equity measures the company’s profitability relative to shareholders’ equity. Despite the negative return on equity, FinnCap Group PLC has continued to deliver successful results for its customers, demonstrating the strength of its expertise and capabilities.
Summary
ASSOCIATED CAPITAL reported strong financial results for Q2 FY2023, with revenue increasing 111.3% year-over-year to USD 11.5 million and net income increasing to USD 3.4 million. This is a positive signal for investors, as the company has demonstrated a steady growth in its financial performance. Investors should consider the company’s long-term outlook when evaluating its potential as an investment opportunity. Analysts will be closely watching ASSOCIATED CAPITAL’s progress over the coming quarters to determine whether or not it is a strong investment choice.
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