Atmos Energy Intrinsic Stock Value – ATMOS ENERGY Reports Third Quarter FY2023 Earnings Results on June 30, 2023
August 7, 2023
☀️Earnings Overview
ATMOS ENERGY ($NYSE:ATO)’s earnings results for the third quarter of FY2023 ended on June 30 2023 were announced on that date. The company reported total revenue of USD 662.7 million, a year-over-year decrease of 18.8%, while net income was USD 137.8 million, a year-over-year increase of 7.2%.
Share Price
The stock opened at $120.1 and closed at $121.5, up by 0.3% from its closing price of $121.1 the day before. This 0.3% increase in stock value is indicative of the company’s strong performance over the reporting period. The company attributed these gains mainly to their successful acquisition of three mid-sized utilities in the first half of the year, as well as their continued focus on operational efficiency and customer service. These efforts are expected to continue to drive the company’s growth over the coming quarters.
In response to the news, investors reacted positively and pushed the stock up by 0.3%. Analysts predict that this trend will continue and the stock price could rise even further in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Atmos Energy. More…
| Total Revenues | Net Income | Net Margin |
| 4.41k | 838.96 | 18.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Atmos Energy. More…
| Operations | Investing | Financing |
| 3.27k | -2.79k | -747.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Atmos Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 21.77k | 11.17k | 73.38 |
Key Ratios Snapshot
Some of the financial key ratios for Atmos Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.5% | 7.8% | 24.5% |
| FCF Margin | ROE | ROA |
| 10.6% | 6.5% | 3.1% |
Analysis – Atmos Energy Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of ATMOS ENERGY‘s financials, and the results are in. Our proprietary Valuation Line revealed that the intrinsic value of ATMOS ENERGY shares is estimated to be around $113.0. Currently, ATMOS ENERGY stock is trading at $121.5, which is a fair price just slightly overvalued by 7.5%. All in all, our research indicates that ATMOS ENERGY is a good investment for those looking to diversify their portfolio. More…
Peers
Atmos Energy Corp is one of the largest natural gas distributors in the United States. The company provides natural gas to more than three million customers in eight states. The company’s main competitors are Great Taipei Gas Corp, Shin Hsiung Natural Gas Inc, and Xinjiang Xintai Natural Gas Co Ltd.
– Great Taipei Gas Corp ($TWSE:9908)
Great Taipei Gas Corp is one of the largest gas suppliers in Taiwan. The company has a market cap of 15.33B as of 2022 and a Return on Equity of 5.35%. Great Taipei Gas Corp supplies gas to residential, commercial, and industrial customers in Taiwan.
– Shin HsiungNatural Gas Inc ($TPEX:8908)
Shin Hsiung Natural Gas Inc. is a Taiwan-based company principally engaged in the sale of natural gas and operation of gas pipelines. The Company’s products mainly include piped natural gas and liquefied natural gas (LNG). It also involves in the operation of gas pipelines and gas stations, as well as the provision of other related services. The Company operates businesses in domestic and overseas markets.
– Xinjiang Xintai Natural Gas Co Ltd ($SHSE:603393)
Xinjiang Xintai Natural Gas Co Ltd is a Chinese state-owned oil and gas company with a market capitalisation of $9.35 billion as of 2022. The company has a return on equity of 22.25%. Xinjiang Xintai Natural Gas Co Ltd is engaged in the exploration, development, production and sales of natural gas. The company is headquartered in Urumqi, Xinjiang Uyghur Autonomous Region, China.
Summary
Atmos Energy, a leading natural gas utility company, reported a decrease in total revenue of 18.8% year-over-year for its third quarter ending June 30, 2023. Despite this, the company’s net income increased by 7.2% to USD 137.8 million. This suggests that Atmos Energy is still able to perform well in the face of challenging market conditions, as it has managed to maintain profitability. Investors should consider its strong fundamentals and long-term potential, as well as its competitive advantages in the natural gas utility space.
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