Steel Partners Intrinsic Stock Value – STEEL PARTNERS Reports Fourth Quarter Earnings Results for FY2022 on March 8, 2023
March 10, 2023
Earnings Overview
Steel Partners ($NYSE:SPLP) reported their financial results for the fourth quarter of FY2022 (ending December 31, 2022) on March 8, 2023. Total revenue was USD 73.0 million, representing a 152.5% year-over-year increase. Net income for the quarter was USD 422.6 million, a decrease of 2.1% compared to the same period in the previous year.
Share Price
The stock opened Wednesday at $42.4 and closed at $44.0, representing an increase of 0.5% from the previous day’s closing price of 43.8. The company has seen a steady increase in its market share and sales over the last few years, and these latest earnings results are yet another confirmation of its success. The quarterly report showed that STEEL PARTNERS has achieved significant growth in both revenue and profits in the fourth quarter, despite the ongoing uncertainties that have affected the global economy. The company attributed this growth to its robust portfolio of products, the successful implementation of its strategies, and the dedication of its people.
Going forward, STEEL PARTNERS is looking to capitalize on its strong performance and continues to invest in new initiatives and opportunities. With the continued commitment from investors, employees, and customers, STEEL PARTNERS is confident that it can continue to grow and succeed. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Steel Partners. More…
| Total Revenues | Net Income | Net Margin |
| 1.7k | 205.97 | 7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Steel Partners. More…
| Operations | Investing | Financing |
| -210.23 | -176.56 | 297.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Steel Partners. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.24k | 2.43k | 34.42 |
Key Ratios Snapshot
Some of the financial key ratios for Steel Partners are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.8% | 23.4% | 17.5% |
| FCF Margin | ROE | ROA |
| -15.2% | 23.9% | 5.7% |
Analysis – Steel Partners Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of STEEL PARTNERS‘s wellbeing. Our proprietary Valuation Line suggests that the intrinsic value of STEEL PARTNERS share is around $29.4. However, the current market value of STEEL PARTNERS stock is traded at $44.0. This indicates that the stock is currently overvalued by 49.9%. More…
Peers
It faces fierce competition from Nichias Corp, BayWa AG, and Iwatani Corp, all of which are well-established companies in their respective fields. The competition between Steel Partners Holdings LP and its competitors is intense, as each company strives to come out on top and gain the most market share.
– Nichias Corp ($TSE:5393)
Nichias Corp is a global company based in Japan that produces a variety of products ranging from construction materials to engineering services. As of 2023, the company has a market cap of 163.18B and a return on equity of 12.76%. This indicates that the company is performing well financially, and is able to generate a strong return on their investments. The large market cap also shows that the company is highly trusted and valued by investors. Nichias Corp is an established leader in its field and continues to be a major player in the global market.
– BayWa AG ($BER:BYW)
BayWa AG is a German-based multinational corporation that specializes in the trading and distribution of food, agricultural products, and building materials. The company has a market capitalization of 1.53 billion euros as of 2023 and boasts a robust return on equity of 26.16%. This is indicative of the company’s ability to generate profits from its operations and grow its shareholder value. The company’s fiscal performance reflects its ability to operate efficiently and capitalize on global trends in agriculture and construction.
– Iwatani Corp ($TSE:8088)
Iwatani Corporation is a Japanese energy and chemical company providing solutions for both commercial and residential customers around the world. As of 2023, the company has a market capitalization of 318.64 billion dollars, making it one of the largest companies in Japan. Iwatani Corporation has also achieved an impressive Return on Equity of 10.91%, which indicates that the company is efficiently utilizing its capital to generate returns. The company has a diverse portfolio of products and services including liquified petroleum gas, natural gas, electricity, chemicals, renewable energy, and other related services.
Summary
Investors should take note of STEEL PARTNERS‘ fourth quarter FY2022 earnings results, with total revenue increasing by 152.5% compared to the previous year. However, reported net income decreased by 2.1%. Going forward, investors should be mindful of the company’s competitive landscape, overall financial health, and any risks associated with investing in the company. Careful analysis of the company’s financials, including liquidity, debt levels, and operating performance, is essential for making an informed investment decision.
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