Slm Corporation Stock Fair Value Calculator – SLM CORPORATION Reports Q2 Earnings Results for 2023
August 2, 2023
🌥️Earnings Overview
On July 26, 2023, SLM CORPORATION ($NASDAQ:SLM) reported its financial results for the second quarter of 2023 ending June 30. Total revenue was recorded at USD 530.7 million, a decrease of 14.6% compared to the same quarter of the prior year. Net income was USD 265.1 million, a decline of 22.5% from the year-ago quarter.
Price History
The company’s stock initially opened at $16.4, yet closed at $16.3, down 1.3% from its previous closing price of 16.5. Overall, SLM Corporation’s results demonstrate a healthy growth in both revenues and profits in the second quarter of 2023. The company’s strong balance sheet has put it in a good position to continue growing in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Slm Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.76k | 367.38 | 21.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Slm Corporation. More…
| Operations | Investing | Financing |
| -55.65 | 479.43 | -194.19 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Slm Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 27.71k | 25.9k | 7.45 |
Key Ratios Snapshot
Some of the financial key ratios for Slm Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.4% | – | – |
| FCF Margin | ROE | ROA |
| -3.2% | 17.9% | 1.2% |
Analysis – Slm Corporation Stock Fair Value Calculator
At GoodWhale, we have performed an analysis of SLM CORPORATION‘s fundamentals to determine the fair value of the company’s shares. Our proprietary Valuation Line has calculated that the value should be around $24.6. However, at the moment, the stock is currently trading at $16.3, which represents a 33.7% undervaluation of the company. This presents a potential opportunity for investors to acquire shares at a discounted rate. More…
Peers
SLM Corp competes with Nelnet Inc, ZENKOKU HOSHO Co Ltd, and Harmoney Corp Ltd in the student loan industry. All four companies offer student loan products and services to customers in the United States and around the world. While each company has its own strengths and weaknesses, SLM Corp has been able to maintain a competitive edge through its focus on technology and innovation.
– Nelnet Inc ($NYSE:NNI)
Nelnet is a publicly traded student loan servicing company based in the United States. The company services student loans on behalf of the US Department of Education and private lenders. Nelnet also provides tuition payment processing and related services to educational institutions. As of December 31, 2020, Nelnet had $313 billion in student loan assets under management.
Nelnet’s market cap is $3.16 billion as of 2022. The company has a strong presence in the student loan servicing industry and is known for its efficient management of student loan assets. Nelnet is well-positioned to continue growing its market share in the student loan servicing industry.
– ZENKOKU HOSHO Co Ltd ($TSE:7164)
ZENKOKU HOSHO Co Ltd is a Japanese real estate company with a market cap of 329.14B as of 2022. The company’s ROE is 14.07%. The company is engaged in the business of leasing, managing, and developing office buildings, retail properties, and residential properties.
– Harmoney Corp Ltd ($NZSE:HMY)
Harmoney Corp Ltd is a financial services company that offers a range of products and services including loans, credit cards, and insurance. The company has a market cap of 77.78M as of 2022 and a return on equity of -0.71%. The company’s products and services are designed to meet the needs of consumers and businesses in the United Kingdom.
Summary
SLM CORPORATION reported its earnings results for the second quarter of 2023 on July 26, showing a 14.6% decrease in total revenue from the same quarter of the prior year, amounting to USD 530.7 million. Net income also dropped 22.5% to USD 265.1 million. Investors may be concerned by this financial performance as it indicates a decline in the company’s overall profitability.
However, SLM CORPORATION’s long-term prospects may be improved by leveraging its strong market position and focusing on cost-cutting measures and investment options. Investing in SLM CORPORATION carries some risk, yet may still offer potential rewards for savvy investors willing to take the chance.
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