Equifax Inc Intrinsic Value – EQUIFAX INC Reports Q2 FY2023 Earnings of USD 1317.6 Million and Net Income of USD 138.3 Million
July 26, 2023
🌥️Earnings Overview
On July 19 2023, EQUIFAX INC ($NYSE:EFX) released its financial results for the second quarter of FY2023, which ended on June 30 2023. The company reported total revenue of USD 1317.6 million and net income of USD 138.3 million. In comparison to the same period in the previous fiscal year, total revenue was 0.1% higher but net income dropped by 31.1%.
Price History
EQUIFAX INC reported its Q2 FY2023 earnings on Wednesday, with total revenue of USD 1317.6 million and net income of USD 138.3 million. The stock opened at $237.7 and closed at $237.5, down slightly by 0.1% from its prior closing price of $237.8. The stock has been relatively stable, demonstrating investors’ confidence in the company’s ability to continue to deliver strong financial results in the coming quarters. The company’s strong financial performance is driven by its core operations, including its consumer credit services, enterprise solutions, and identity solutions.
Its consumer credit business continues to be the most profitable segment, generating significant profits even in a challenging economic environment. The company also capitalized on the increase in online shopping activity due to the pandemic, with its identity solutions business growing significantly year over year. EQUIFAX INC’s solid financial performance and its strong market position makes it a key player in the industry and will continue to ensure its success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Equifax Inc. More…
| Total Revenues | Net Income | Net Margin |
| 5.06k | 524.5 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Equifax Inc. More…
| Operations | Investing | Financing |
| 1.09k | -949.5 | -208.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Equifax Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.54k | 7.33k | 34.16 |
Key Ratios Snapshot
Some of the financial key ratios for Equifax Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 22.3% | 18.3% |
| FCF Margin | ROE | ROA |
| 9.1% | 14.0% | 5.0% |
Analysis – Equifax Inc Intrinsic Value
At GoodWhale, we have conducted an extensive analysis of EQUIFAX INC‘s financials. Based on our proprietary Valuation Line, the fair value of EQUIFAX INC is estimated to be around $219.8. However, the stock is currently trading at a fair price overvalued by 8.0%, which is $237.5. We advise investors to be mindful of the discrepancy and consider their investment options before making a decision. More…
Peers
Equifax Inc. is a credit reporting agency. Its main competitors are TransUnion, Mills Music Trust, and Experian PLC. All three companies compete for credit report customers and business from creditors.
– TransUnion ($NYSE:TRU)
TransUnion is a credit reporting company. It compiles credit information on consumers and businesses, which is used by lenders to make credit decisions. The company also provides other services such as fraud detection, identity theft protection, and credit counseling. TransUnion has a market cap of 10.77B as of 2022, and a Return on Equity of 8.48%.
– Mills Music Trust ($OTCPK:MMTRS)
Mills Music Trust is a publicly traded music royalty company. The company owns the rights to a large catalog of music, which it licenses to businesses and individuals for use in their products and services. Mills Music Trust has a market cap of 10.14M as of 2022. The company generates revenue by licensing its music to businesses and individuals for use in their products and services.
– Experian PLC ($LSE:EXPN)
As of 2022, Experian PLC has a market cap of 24.89B and a Return on Equity of 34.45%. The company is a global information services company that provides data and analytical tools to its clients. Experian helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making.
Summary
EQUIFAX INC has reported its earnings results for FY2023 Q2, showing total revenue of USD 1317.6 million and net income of USD 138.3 million as of June 30 2023. Although total revenue amounted to an increase of 0.1% year-on-year, net income was down 31.1%. Investors should note that EQUIFAX INC has been increasing its revenue base but has experienced a decrease in profits, which may indicate that the company may not be managing its expenses as effectively as it should. However, longer term growth potential should still remain strong given the company’s financial position and strong market presence.
