Alphamin Resources Intrinsic Value – ALPHAMIN RESOURCES Reports Record-Breaking Earnings for Q1 2023
May 26, 2023
Earnings Overview
On May 16th, 2023, ALPHAMIN RESOURCES ($TSXV:AFM) released their earnings results for the first quarter of FY 2023. Total revenue for the quarter was USD 83.0 million, a 43.3% decrease compared to the same period in the previous year. Net income for the quarter also decreased 61.2% year over year to USD 16.4 million.
Market Price
On Tuesday of this week, ALPHAMIN RESOURCES reported record-breaking earnings for Q1 2023. This news was well received by investors as the stock opened at CA$0.9, up from the previous closing price of CA$0.8.
However, by the end of the day, the stock had fallen by 4.5%. Despite this decline, ALPHAMIN RESOURCES still reported a strong Q1 with increased earnings compared to the same period last year. Investors were also pleased with the company’s outlook for the rest of 2023 which was more optimistic than analysts had predicted. ALPHAMIN RESOURCES expects further growth over the coming quarters and is confident that its investments will pay off in the long run. The impressive performance of ALPHAMIN RESOURCES in Q1 has generated renewed optimism amongst investors and analysts alike. It is clear that the company is on a strong footing and is well-positioned to continue its success throughout 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alphamin Resources. More…
| Total Revenues | Net Income | Net Margin |
| 327.79 | 75.02 | 23.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alphamin Resources. More…
| Operations | Investing | Financing |
| 113.8 | -83.11 | -73.22 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alphamin Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 490.25 | 130.35 | 0.24 |
Key Ratios Snapshot
Some of the financial key ratios for Alphamin Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 55.5% | 724.2% | 39.9% |
| FCF Margin | ROE | ROA |
| 13.8% | 25.9% | 16.7% |
Analysis – Alphamin Resources Intrinsic Value
At GoodWhale, we have done an analysis of ALPHAMIN RESOURCES‘s wellbeing. Our proprietary Valuation Line calculated the fair value of ALPHAMIN RESOURCES share to be around CA$0.7. More…
Peers
The company has two operating mines, one in the Democratic Republic of Congo and one in South Africa. Alphamin Resources Corp is a publicly traded company with a market capitalization of CAD$290 million as of July 2018. The company’s competitors include New Provenance Everlasting Holdings Ltd, Bergs Timber AB, and Goldhills Holding Ltd.
– New Provenance Everlasting Holdings Ltd ($SEHK:02326)
New Provenance Everlasting Holdings Ltd is a holding company that focuses on investments in the life insurance industry. The company’s market cap is 210.84M as of 2022 and its ROE is -0.9%. The company’s primary focus is on making investments in the life insurance industry that will provide long-term benefits for shareholders.
– Bergs Timber AB ($LTS:0H2W)
Bergs Timber is one of the leading suppliers of construction timber products in Sweden. The company has a market capitalization of 1.94 billion as of 2022 and a return on equity of 18.33%. Berg Timber’s product range includes everything from construction lumber to engineered wood products and wooden floors. The company also offers a wide range of services, such as sawmilling, drying, and treatment.
– Goldhills Holding Ltd ($TSXV:GHL)
Goldhills Holding Ltd is a holding company that operates in the gold mining industry. The company has a market cap of 3.92M as of 2022 and a Return on Equity of -34.69%. The company’s main business activities include gold exploration, development, and production. The company’s flagship asset is the San Juan gold mine in Argentina.
Summary
Alphamin Resources reported their first quarter of fiscal 2023 earnings on May 16th, with total revenue at USD 83.0 million and net income at USD 16.4 million. This marks a 43.3% and 61.2% decrease respectively from the same period last year. As a result, the stock price dropped on the same day. For investors looking to invest in Alphamin Resources, it is important to consider the current weak financials and decreased profits, as well as analyzing the company’s plan of action for future growth and success.
Additionally, investors should keep an eye on how the market responds in the coming quarters to determine if the results are a sign of long-term underperformance or an indicator of potential future growth.
