Albemarle Corporation Stock Intrinsic Value – ALBEMARLE CORPORATION Reports Second Quarter FY2023 Earnings Results on August 2, 2023
August 28, 2023
🌥️Earnings Overview
For the second quarter of Fiscal Year 2023, ALBEMARLE CORPORATION ($NYSE:ALB) reported USD 2370.2 million in total revenue, representing a 60.2% year-over-year increase. Net income for the same period was also up 59.8% to USD 650.0 million. The results were released on August 2 2023.
Stock Price
ALBEMARLE CORPORATION reported its second quarter FY2023 earnings results on Wednesday, August 2, 2023. The company’s stock opened the day’s trading at $205.5 and closed the day at $202.9, a decrease of 2.5% from its prior closing price of 208.0. Overall, ALBEMARLE CORPORATION’s Q2 FY2023 earnings have shown an overall decrease in revenue and profits as compared to the same period in the previous year. Despite this, the company’s stock price decreased by 2.5% due to investors being concerned about the company’s weaker earnings results and outlook for the remainder of the year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Albemarle Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 9.66k | 3.92k | 40.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Albemarle Corporation. More…
| Operations | Investing | Financing |
| 2.64k | -1.98k | -237.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Albemarle Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.11k | 9.02k | 83.65 |
Key Ratios Snapshot
Some of the financial key ratios for Albemarle Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 42.0% | 74.2% | 32.7% |
| FCF Margin | ROE | ROA |
| 10.0% | 20.8% | 10.3% |
Analysis – Albemarle Corporation Stock Intrinsic Value
At GoodWhale, we have performed an in-depth analysis of ALBEMARLE CORPORATION‘s financials. Our proprietary Valuation Line has revealed that the fair value of ALBEMARLE CORPORATION’s stock is around $429.4. Despite this, the stock is currently being traded at $202.9, which represents a 52.8% discount! This presents an excellent opportunity for investors to benefit from the potential returns of ALBEMARLE CORPORATION shares. More…
Peers
Its competitors are Livent Corp, Tianqi Lithium Industries Inc, Youngy Co Ltd.
– Livent Corp ($NYSE:LTHM)
Livent Corporation is a publicly traded battery and technology company. The Company is engaged in the business of developing, manufacturing and commercializing lithium-ion batteries and battery systems. Livent’s products are used in a variety of applications, including electric vehicles, grid storage, consumer electronics, military and aerospace. The Company’s lithium-ion batteries and battery systems are based on its proprietary technology, which it believes provides a number of advantages over competing technologies, including higher energy density, longer life, higher power density and safer operation.
– Tianqi Lithium Industries Inc ($SZSE:002466)
Tianqi Lithium Industries Inc is a Chinese company that produces lithium chemicals. It is the world’s largest producer of lithium chemicals. The company has a market cap of 147.98B as of 2022 and a return on equity of 57.08%. Tianqi Lithium Industries Inc is a leading company in the development, production, and sales of lithium chemicals.
– Youngy Co Ltd ($SZSE:002192)
Youngy Co Ltd is a Chinese conglomerate with a market cap of 30.29B as of 2022. The company has a Return on Equity of 58.81%. Youngy Co Ltd is involved in a wide range of businesses, including construction, real estate, mining, and finance.
Summary
ALBEMARLE CORPORATION‘s second quarter of FY2023 was a success, with total revenue increasing by 60.2% compared to the same period last year and net income rising by 59.8%. This is a great sign for investors, as it is an indication that the company is performing well and on an upward trajectory. With strong growth in both revenue and net income, ALBEMARLE CORPORATION is an attractive investment opportunity for investors looking to capitalize on a successful company. Further data are necessary to determine the long-term potential of investing in ALBEMARLE CORPORATION, but this quarter’s financials are a great start and could prove to be a profitable move in the near future.
Related Posts
Recent Posts
