RWAY Intrinsic Value Calculator – RUNWAY GROWTH FINANCE Reports Record Earnings for Q2 of FY2023
August 12, 2023
☀️Earnings Overview
RUNWAY GROWTH FINANCE ($NASDAQ:RWAY) reported their second quarter FY2023 earnings results on August 8 2023 for the period ending June 30 2023, revealing a substantial revenue increase to USD 23.9 million from 1.8 million in the same quarter of the previous year. Additionally, their net income grew significantly to USD 22.3 million compared to a negative figure of -0.8 million in the preceding quarter.
Price History
The company’s stock opened at $12.8 and closed at $13.0, representing a 1.6% increase from its previous closing price of $12.8. This marks the fourth consecutive quarter of positive earnings growth for RUNWAY GROWTH FINANCE, a trend that is sure to please investors. These impressive financial results demonstrate that RUNWAY GROWTH FINANCE has taken full advantage of the opportunities presented by the current market conditions, and has a bright future ahead. As such, investors should feel confident investing in the company and its stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RWAY. More…
| Total Revenues | Net Income | Net Margin |
| 74.61 | 64.52 | 86.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RWAY. More…
| Operations | Investing | Financing |
| -215.24 | – | 246.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RWAY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.14k | 567.74 | 14.17 |
Key Ratios Snapshot
Some of the financial key ratios for RWAY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.0% | – | – |
| FCF Margin | ROE | ROA |
| -288.5% | 7.1% | 3.5% |
Analysis – RWAY Intrinsic Value Calculator
At GoodWhale, we conducted a thorough analysis of RUNWAY GROWTH FINANCE’s fundamentals and our proprietary Valuation Line. The results of our analysis show that the intrinsic value of RUNWAY GROWTH FINANCE share is around $19.5. However, the current market price for the stock is $13.0, meaning that it is undervalued by 33.2%. We believe that this presents a great opportunity for investors to buy RUNWAY GROWTH FINANCE stock at a discounted rate. More…
Peers
Its competitors include Sundaram Finance Ltd, PT Magna Finance Tbk, and PT Clipan Finance Indonesia Tbk.
– Sundaram Finance Ltd ($BSE:590071)
Sundaram Finance Ltd is an Indian non-banking financial company headquartered in Chennai, Tamil Nadu. Sundaram Finance is one of the largest non-banking financial services companies in India with over Rs 1 lakh crore in assets under management. The company offers a range of financial services including two wheeler and four wheeler loans, personal loans, home loans, commercial vehicle loans, SME loans, and agricultural loans.
– PT Magna Finance Tbk ($IDX:MGNA)
Magna Finance Tbk is a leading provider of finance and leasing services in Indonesia. The company offers a wide range of products and services, including consumer and corporate loans, financing for the purchase of motor vehicles, and leasing services. Magna Finance Tbk has a strong focus on providing quality customer service and has a well-established reputation in the Indonesian market. The company has a market cap of 50.15B as of 2022 and a Return on Equity of -21.02%.
– PT Clipan Finance Indonesia Tbk ($IDX:CFIN)
Clipan Finance Indonesia Tbk is one of the largest financial services companies in Indonesia with a market capitalization of 1.4 trillion as of 2022. The company offers a wide range of financial services including banking, insurance, asset management, and investment banking. Clipan Finance Indonesia Tbk has a strong focus on providing services to the retail and small and medium enterprise (SME) segments. The company has a return on equity of 9.09%.
Summary
RUNWAY GROWTH FINANCE reported impressive earnings results for the second quarter of FY2023, with total revenue increasing to USD 23.9 million and net income up to USD 22.3 million. This was a significant increase on the 1.8 million in revenue and -0.8 million in net income reported for the same quarter last year. The results indicate strong growth and demonstrate the potential for investors to capitalize on Runway Growth Finance’s expanding business. With an increase in both revenue and net income, along with a strong balance sheet, the company appears to be well positioned for future growth and profitability.
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