Suro Capital Stock Intrinsic Value – SURO CAPITAL Reports Q2 FY2023 Earnings Results on June 30 2023
August 14, 2023
🌥️Earnings Overview
SURO CAPITAL ($NASDAQ:SSSS) announced its earnings results for the second quarter of FY2023 on June 30 2023; total revenue increased by 87.2%, reaching USD -11.7 million. Net income for the same period was -15.6 million; a noteworthy improvement compared to the previous year’s net income of -94.3 million.
Price History
The stock opened at $3.8 and ended the day closing at the same price, down by 2.8% from its prior closing price of $4.0. This was attributed to higher operating costs as well as a decrease in revenue from the previous quarter. Despite the disappointing earnings report, SURO CAPITAL managed to beat analysts’ estimates across all key performance indicators.
Overall, investors were disappointed with SURO CAPITAL’s Q2 FY2023 earnings results, especially after the promising first quarter results that had been reported earlier in the year. With the current market conditions and increasing competition, SURO CAPITAL will have to find ways to remain competitive and improve profitability if it wants to remain successful. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Suro Capital. More…
| Total Revenues | Net Income | Net Margin |
| -54.79 | -69.3 | 126.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Suro Capital. More…
| Operations | Investing | Financing |
| -101.58 | – | -26.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Suro Capital. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 262.96 | 76.26 | 7.35 |
Key Ratios Snapshot
Some of the financial key ratios for Suro Capital are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 67.5% | – | – |
| FCF Margin | ROE | ROA |
| 185.4% | -21.6% | -16.5% |
Analysis – Suro Capital Stock Intrinsic Value
At GoodWhale, we have conducted an in-depth analysis of SURO CAPITAL‘s wellbeing. Through our proprietary Valuation Line, we have calculated the intrinsic value of a SURO CAPITAL share to be around $5.4. At present, the stock is trading at $3.8, undervalued by 29.9%. This presents a great opportunity to investors, as the stock is trading lower than its intrinsic value. More…
Peers
The Company’s investment activities are managed by its wholly-owned subsidiary, Suros Management Company, LLC. As of September 30, 2019, SuRo Capital Corp had $490.1 million of total assets, $363.6 million of total investment portfolio and $11.5 million of total net assets. The Company’s investment portfolio consists of mezzanine debt, senior secured loans and equity securities.
– Rand Capital Corp ($NASDAQ:RAND)
Rand Capital is a publicly traded venture capital firm based in Buffalo, New York. The Firm provides seed and early stage venture capital to companies in the United States. Rand Capital is traded on the NASDAQ under the ticker symbol RAND. As of 2022, Rand Capital had a market cap of $37.97 million and a return on equity of 0.83%.
Rand Capital was founded in 1968 and is one of the oldest venture capital firms in the United States. The Firm has a long history of investing in early stage companies, particularly in the Buffalo area. Rand Capital’s portfolio includes companies in a variety of industries, including healthcare, technology, and manufacturing.
– Crescent Capital BDC Inc ($NASDAQ:CCAP)
Crescent Capital BDC Inc. is a business development company specializing in investments in middle market companies. It focuses on leveraged buyouts, recapitalizations, growth financings, middle market companies, and mezzanine investments. The firm also invests in public companies. It seeks to invest between $10 million to $75 million. The firm prefers to take a minority stake in its portfolio companies. Crescent Capital BDC was founded in 2008 and is based in Los Angeles, California.
– Pennant Park Investment Corp ($NYSE:PNNT)
Pennant Park Investment Corporation is a business development company specializing in investments in middle market companies. The firm focuses on leveraged buyouts, recapitalizations, growth equity, middle market, and mezzanine investments. It seeks to invest in companies operating in the healthcare, media, communications, business services, consumer, and industrial sectors. Pennant Park Investment Corporation was founded in 2007 and is based in New York, New York.
Summary
SURO CAPITAL reported strong second quarter earnings results for FY2023, with total revenue increasing 87.2% on year to USD -11.7 million. Net income also improved significantly to USD -15.6 million from -94.3 million in the previous year. This is a positive sign for investors who have been looking for signs of recovery from the company’s financial struggles. With such strong performance, investors should consider investing in SURO CAPITAL, as they may be able to capitalize on potential long-term gains.
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