Baker Technology Stock Fair Value Calculation – BAKER TECHNOLOGY Reports 16.5% Decrease in Total Revenue for Q2 2023
August 8, 2023
🌥️Earnings Overview
For the quarter ending June 30 2023, BAKER TECHNOLOGY ($SGX:BTP) reported total revenue of SGD 39.4 million, a decrease of 16.5% compared to the same quarter in the prior year. Net income also showed a year-over-year decrease of 54.3%, amounting to SGD 4.1 million for the same period.
Analysis – Baker Technology Stock Fair Value Calculation
GoodWhale conducted a fundamental analysis of BAKER TECHNOLOGY and arrived at an intrinsic value of SG$0.5. This value was calculated using our proprietary Valuation Line which takes into account a range of factors, including the company’s financials, future growth prospects, and market conditions. However, at the moment BAKER TECHNOLOGY is trading at SG$0.6, which is an overvaluation of 26.2%. This suggests that investors may be pricing in some sort of premium for the stock, or that there is overall market sentiment for BAKER TECHNOLOGY that is driving up the price. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Baker Technology. More…
| Total Revenues | Net Income | Net Margin |
| 90.75 | 8.49 | 9.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Baker Technology. More…
| Operations | Investing | Financing |
| 29 | -6.01 | -5.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Baker Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 278.53 | 36.28 | 1.06 |
Key Ratios Snapshot
Some of the financial key ratios for Baker Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.5% | -61.7% | 4.6% |
| FCF Margin | ROE | ROA |
| 29.1% | 1.2% | 0.9% |
Peers
It is one of the main players in the market, alongside Bumi Armada Bhd, Tidewater Inc, and 9R Ltd. All four companies specialize in providing engineering services and solutions to their customers, utilizing advanced technology and research to deliver the highest quality results.
– Bumi Armada Bhd ($KLSE:5210)
Bumi Armada Bhd is a leading Malaysian-based offshore oilfield services provider specializing in floating production solutions, transportation and installation services for the oil and gas industry. As of 2023, the company has a market capitalization of 3.02 billion and a Return on Equity of 13.05%. This indicates that investors have confidence in the company’s ability to generate returns, given its current equity base. As one of the largest providers of offshore services in Malaysia, Bumi Armada has established a strong presence in the oil and gas industry, providing innovative solutions and services to customers worldwide.
– Tidewater Inc ($NYSE:TDW)
Tidewater Inc is a leading international offshore services provider for the oil and gas industry. The company has a market cap of 3.26 billion US dollars as of 2023, which indicates the size and strength of the company. The company’s return on equity (ROE) is 3.22%, which means that the company is generating returns from its investments and is a strong indicator of the overall health of the business.
– 9R Ltd ($SGX:1Y1)
R9R Ltd is a company that focuses on providing customer experience solutions to businesses. The company has a market capitalization of 50.32M as of 2023, making it a mid-sized player in the industry. The company’s Return on Equity of -12.09% shows that the company has seen weak operating performances in recent years, which may have contributed to its low level of market capitalization. This could indicate that the company may need to focus on improving its operating performance and efficiency in order to increase its market capitalization.
Summary
BAKER TECHNOLOGY has seen a decrease in their total revenue and net income in the quarter ending June 30 2023, when compared to the same period in the prior year. Total revenue decreased by 16.5% to SGD 39.4 million and net income decreased by 54.3% to SGD 4.1 million. Investors should keep a close eye on BAKER TECHNOLOGY’s financial performance for the coming quarters and stay updated on any changes that may affect their investments. Additionally, investors should review the company’s financial statements to gain better insight into its financial position and risk profile.
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