Steel Partners Intrinsic Value Calculator – Steel Partners Reports Record Earnings for Third Quarter of FY2023
December 4, 2023
🌥️Earnings Overview
On November 9 2023, STEEL PARTNERS ($NYSE:SPLP) reported their financial results for the third quarter of FY2023, which ended on September 30 2023. Year over year, total revenue rose 15.6% to USD 492.2 million, whereas net income fell 29.6% to USD 25.6 million.
Price History
On Thursday, Steel Partners (STEEL PARTNERS) reported record earnings for the third quarter of FY2023. The company’s stock opened at $37.5 and closed at $38.0 on the same day, indicating a 1.1% increase from its previous closing price of 37.6. This marks a significant milestone for the company as it continues to demonstrate strong financial performance and growth in its business operations. The company attributed its record earnings to a combination of strong sales, cost savings initiatives, and successful investments. In particular, Steel Partners’ investments in cutting edge technology and efficient production processes have enabled them to produce high-quality products at lower costs.
Furthermore, their commitment to customer service has enabled them to win new contracts and expand their customer base. Overall, Steel Partners’ financial performance for the third quarter of FY2023 is a clear indication of the company’s continuing success. With strong sales, cost savings initiatives, and successful investments in technology and production processes, Steel Partners is well-positioned to maintain its record earnings in the future quarters. 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 |
| 1.86k | 182.58 | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Steel Partners. More…
| Operations | Investing | Financing |
| -140.03 | -259.6 | 601.67 |
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 |
| 3.95k | 3.02k | 41.56 |
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 |
| 9.4% | 29.0% | 15.7% |
| FCF Margin | ROE | ROA |
| -10.4% | 20.8% | 4.6% |
Analysis – Steel Partners Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of STEEL PARTNERS‘ fundamentals and have determined an intrinsic value of around $41.6 per share. This value has been calculated using our proprietary Valuation Line. Currently, STEEL PARTNERS stock is trading at $38.0, representing a fair price that is undervalued by 8.7%. Our analysis indicates that there is an opportunity to potentially purchase STEEL PARTNERS at a favorable price, given its current market position. As such, we believe that STEEL PARTNERS may be a good option for investors looking to purchase undervalued stocks. More…
Peers
It faces fierce competition from Nichias Corp, BayWa AG, and Iwatani Corp, all of which are well-established companies in their respective fields. The competition between Steel Partners Holdings LP and its competitors is intense, as each company strives to come out on top and gain the most market share.
– Nichias Corp ($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 have closely examined the third quarter earnings results reported by STEEL PARTNERS on November 9 2023, ending September 30 2023. Total revenue increased year over year by a noteworthy 15.6%, reaching USD 492.2 million, while net income decreased by 29.6% to USD 25.6 million. This has caused some concern for investors, who may now be rethinking their decision to invest in the company’s stock.
Despite the decrease in profits, its revenue growth is still encouraging and may provide a sign of potential future success. As investors continue to analyze the company’s performance, they will need to consider both the positives and negatives of its financials in order to make an informed investment decision.
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