Alkane Resources Intrinsic Value Calculator – ALKANE RESOURCES Reports Second Quarter FY2023 Earnings Results for December 31, 2022.
March 29, 2023
Earnings Overview
ALKANE RESOURCES ($ASX:ALK) released their financial results for the second quarter of FY2023, which ended on December 31, 2022. Total revenue was AUD 24.7 million, a decrease of 57.6% compared to the preceding year. Net income was AUD 93.5 million, increasing by 21.5% compared to the corresponding quarter of the previous year.
Stock Price
According to the report, the company’s stock opened at AU$0.7 and closed at AU$0.6, representing a 1.6% increase from their last closing price of 0.6. The company’s commitment to responsible mining, sustainable operations, and environmental stewardship practices have enabled them to remain profitable and competitive in the current market. Overall, ALKANE RESOURCES’ second quarter earnings results demonstrate the company’s commitment to delivering positive financial performance while also prioritizing environmental and social sustainability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alkane Resources. More…
| Total Revenues | Net Income | Net Margin |
| 181.56 | 36.71 | 20.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alkane Resources. More…
| Operations | Investing | Financing |
| 92.36 | -38.74 | -5.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alkane Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 380.99 | 95.46 | 0.48 |
Key Ratios Snapshot
Some of the financial key ratios for Alkane Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 34.7% | 47.2% | 29.0% |
| FCF Margin | ROE | ROA |
| 10.0% | 11.9% | 8.6% |
Analysis – Alkane Resources Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of ALKANE RESOURCES‘s fundamentals, and our proprietary Valuation Line has calculated the fair value of ALKANE RESOURCES share to be around AU$1.2. Currently, the stock is trading at AU$0.6, which is 51.9% undervalued compared to its fair value. This indicates that now might be a good opportunity to enter the market and purchase ALKANE RESOURCES stock. More…
Peers
They have several competitors including Harmony Gold Mining Co Ltd, 3D Resources Ltd, Tanami Gold NL, and more.
– Harmony Gold Mining Co Ltd ($NYSE:HMY)
Harmony Gold Mining Co Ltd is a gold mining and exploration company with operations in South Africa, Ghana, and Australia. The company has a market cap of 2.03B as of 2022 and a return on equity of -0.68%. Harmony Gold is one of the largest gold producers in the world, with a portfolio of operations and projects in South Africa, Ghana, and Australia.
– 3D Resources Ltd ($ASX:DDD)
Tanami Gold NL is a Australia-based gold mining company. The Company’s principal activity is gold production. It has two operating mines, the Coyote and the Newmont Tanami mine, located in the Northern Territory of Australia. The Company also has an exploration portfolio in the Northern Territory, Western Australia and Queensland.
Summary
ALKANE RESOURCES reported their Q2 FY2023 results with total revenue of AUD 24.7 million, a decrease of 57.6% year over year. Net income, however, increased to AUD 93.5 million, representing a 21.5% year over year growth. This could indicate that the company is successfully controlling operational costs and increasing margins. Investors may want to monitor the company’s future revenue and cost trends to determine if ALKANE RESOURCES is a good long-term investment.
