Cion Invt Intrinsic Stock Value – CION INVT Reports FY2023 Q2 Earnings Results for June 30, 2023
August 20, 2023
🌥️Earnings Overview
CION ($NYSE:CION): This year, the company saw an impressive jump in their total revenue, rising from USD 1.2 million to USD 31.0 million. Correspondingly, their net income increased from -1.3 million to a staggering USD 27.9 million.
Price History
On Wednesday, CION INVT reported its financial results for the second quarter of the fiscal year 2023, ending June 30, 2023. The stock opened at $11.2 and closed at $11.4, a 3.0% increase from the previous closing price of $11.1. The quarterly report showed positive growth in net income, revenue, and gross margin from the previous quarter.
In addition, the report highlighted an increase in cash flow from operations and an increase in customer base as well as improved customer loyalty. Overall, CION INVT had a successful second quarter, showing positive growth in key financial metrics. The stock price increase reflects investor confidence in the company’s financial performance and potential for future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cion Invt. More…
| Total Revenues | Net Income | Net Margin |
| 51.82 | 40.37 | 77.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cion Invt. More…
| Operations | Investing | Financing |
| 44.7 | – | -75.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cion Invt. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.83k | 998.42 | 15.31 |
Key Ratios Snapshot
Some of the financial key ratios for Cion Invt are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.9% | – | – |
| FCF Margin | ROE | ROA |
| 86.3% | 3.1% | 1.4% |
Analysis – Cion Invt Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of CION INVT’s wellbeing. Our proprietary Valuation Line has provided us with a fair value of CION INVT’s share at around $14.1. Currently, CION INVT stock is traded at $11.4, which is a fair price that is undervalued by 19.0%. This provides investors a great opportunity to purchase the stock at a discounted rate. We recommend investors to take advantage of this discount and purchase CION INVT stock while it is at a favorable price. More…
Peers
It is one of several alternative investment companies operating in the market, including Pennant Park Investment Corp, Carlyle Secured Lending Inc, and Global Dividend Growth Split Corp. All of these companies offer different services and products designed to meet the needs of their individual investors. CION Invt Corp has been in business since 1999, and is highly regarded for its commitment to providing investors with innovative and customized investment solutions.
– Pennant Park Investment Corp ($NYSE:PNNT)
Pennant Park Investment Corporation is a publicly traded business development company that provides capital to middle-market companies in the United States and Canada. The company has a market capitalization of 368.52 million dollars as of 2022. Return on Equity (ROE) is a measure of the company’s profitability and is calculated by dividing the net income by the shareholders’ equity. Pennant Park Investment Corporation has a negative ROE of -1.73%, which indicates that the company is not generating enough profit to cover its equity investments. This suggests that the company is not effectively utilizing its capital, and may benefit from further investment in its operations.
– Carlyle Secured Lending Inc ($NASDAQ:CGBD)
Carlyle Secured Lending Inc is a specialty finance company that provides secured loans to businesses and individuals. The company has a market capitalization of 757.62M as of 2022 and a Return on Equity of 7.28%. The market cap is a measure of the company’s size, and reflects the value of the company’s business operations. The ROE indicates how well the company has been able to generate profits from its equity. Carlyle Secured Lending Inc is committed to providing secure and efficient loan services to its customers. Additionally, the company is focused on creating value for shareholders by generating consistent returns.
– Global Dividend Growth Split Corp ($TSX:GDV)
Global Dividend Growth Split Corp is a publicly-traded corporation which invests in a portfolio of high-quality dividend-paying stocks. Its market cap as of 2022 is 141.49M. The company provides an opportunity for investors to benefit from the potential of dividend-paying stocks while reducing their risk through diversification. As such, the company invests in a portfolio of quality stocks which are expected to provide long-term dividend income, capital growth and a higher yield than what is available in the market. The company also provides investors with access to the potential of a rising dividend stream over time as well as the potential for capital appreciation.
Summary
CION INVT‘s impressive second quarter earnings report for FY2023 generated a positive response from investors, as the company reported a total revenue of USD 31.0 million and a net income of USD 27.9 million. This is a significant increase from the USD 1.2 million and -1.3 million reported in the same quarter last year, respectively. The stock price responded positively to the news and rose on the same day, indicating investor confidence in the company’s performance. As the company continues to show strong earnings growth, investors should keep an eye on CION INVT for further opportunities.
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