MEDALLION FINANCIAL Reports 3.3% YOY Increase in Revenue for Q2 FY2023 at USD 44.7 Million
August 8, 2023
☀️Earnings Overview
For the second quarter of FY2023, MEDALLION FINANCIAL ($NASDAQ:MFIN) reported total revenue of USD 44.7 million, representing a 3.3% year-over-year increase. Net income also grew 6.5% year-over-year to USD 14.2 million, as of June 30 2023.
Analysis
After analyzing MEDALLION FINANCIAL‘s financials, GoodWhale has identified that the company is strong in growth, medium in dividend and weak in asset and profitability. Based on this analysis, GoodWhale has categorized MEDALLION FINANCIAL as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to its lower profitability. As a result of its classification, we conclude that MEDALLION FINANCIAL may be of interest to investors who are looking for a high-growth potential company with some degree of risk. Further analysis of MEDALLION FINANCIAL’s financials indicate that the company has an intermediate health score of 6/10 considering its cashflows and debt. This indicates that the company has the potential to sustain future operations in times of crisis. In conclusion, MEDALLION FINANCIAL may be an interesting investment option for risk tolerant investors who are looking for high-growth potential. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Medallion Financial. More…
| Total Revenues | Net Income | Net Margin |
| 166 | 50.23 | 30.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Medallion Financial. More…
| Operations | Investing | Financing |
| 113.21 | -449 | 321.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Medallion Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.52k | 2.13k | 13.66 |
Key Ratios Snapshot
Some of the financial key ratios for Medallion Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.3% | – | – |
| FCF Margin | ROE | ROA |
| 68.2% | 15.3% | 1.9% |
Peers
In the world of financial lending, there are many companies that compete for market share. Among them are Medallion Financial Corp and its competitors: CreditAccess Grameen Ltd, Liberty Financial Group Ltd, ECN Capital Corp. Each company has its own strengths and weaknesses, but all are vying for a piece of the pie.
– CreditAccess Grameen Ltd ($BSE:541770)
Based in India, Grameen Credit Access Ltd is a small finance bank that provides a range of banking products and services to its customers. It has a market capitalization of 155.04 billion as of 2022 and a return on equity of 11.71%. The company offers a variety of banking products and services such as savings accounts, personal loans, credit cards, and investment products. It also provides financial services to small and medium enterprises.
– Liberty Financial Group Ltd ($ASX:LFG)
Liberty Financial Group Ltd is a financial services company with a market cap of 3.19B as of 2022. The company has a return on equity of 40.21%. Liberty Financial Group Ltd provides a range of financial services including banking, insurance, and investment management. The company has a strong focus on customer service and providing a comprehensive range of financial services to its clients.
– ECN Capital Corp ($TSX:ECN)
ECN Capital Corp is a leading provider of financing solutions in North America. The company has a market capitalization of 782.3 million as of December 31, 2022 and a return on equity of 9.74%. ECN Capital Corp offers a wide range of financing products and services to meet the needs of its customers. The company’s products and services include term loans, lines of credit, equipment financing, and merchant cash advances. ECN Capital Corp has a strong reputation for providing quality customer service and offering competitive rates and terms.
Summary
MEDALLION FINANCIAL‘s second quarter of FY2023 saw a 3.3% year-over-year increase in total revenue, reaching USD 44.7 million. Net income also increased by 6.5%, amounting to USD 14.2 million. This indicates a positive financial performance for the company, suggesting potential for investors.
Although past performance is no guarantee of future success, MEDALLION FINANCIAL’s consistent growth over the past few quarters provides a good indication of its continuing financial health. With a strong balance sheet and experienced management team, investors should take advantage of the opportunity to consider MEDALLION FINANCIAL as an attractive long-term investment.
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