BVN Intrinsic Value – COMPAÑÍA DE MINAS BUENAVENTURA S.A.A Reports FY2023 Q2 Earnings Results as of June 30, 2023
August 7, 2023
🌥️Earnings Overview
On July 27 2023, COMPAÑÍA DE MINAS BUENAVENTURA S.A.A ($NYSE:BVN) reported their FY2023 Q2 earnings results for the period ending June 30 2023. The company achieved total revenue of USD 173.2 million, representing a year-on-year growth of 15.4%. Net income for the quarter amounted to USD -6.7 million, showing an improvement from the -39.9 million posted in the same quarter last year.
Market Price
The company’s stock opened at $7.7 and closed at $7.5, down 4.0% from the prior closing price of $7.8. The decline in the stock price highlights investor concerns about the company’s financial performance this quarter. Overall, COMPAÑÍA DE MINAS BUENAVENTURA S.A.A reported lower than expected earnings results for the fiscal year 2023 second quarter, causing the stock price to decline significantly on the day of the announcement. The company now needs to focus on improving its financial performance in order to recover investor confidence in the stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BVN. More…
| Total Revenues | Net Income | Net Margin |
| 800.53 | 91.97 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BVN. More…
| Operations | Investing | Financing |
| 110.01 | -180.93 | -53.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BVN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.49k | 1.28k | 11.99 |
Key Ratios Snapshot
Some of the financial key ratios for BVN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.7% | 31.6% | 20.5% |
| FCF Margin | ROE | ROA |
| -9.8% | 3.4% | 2.3% |
Analysis – BVN Intrinsic Value
At GoodWhale, we analyzed COMPAÑÍA DE MINAS BUENAVENTURA S.A.A’s financials and determined that its intrinsic value is approximately $8.8. This was calculated using our proprietary Valuation Line to understand the company’s true worth. Right now, COMPAÑÍA DE MINAS BUENAVENTURA S.A.A’s stock is trading at $7.5, which is a fair price that is undervalued by 14.7%. This makes it a good opportunity for potential investors to get in on the stock at a discounted rate. More…
Peers
It faces competition from Buscar Co, Apex Mining Co Inc and Orvana Minerals Corp, all of which are major players in the sector. Each of these companies has its own strengths and weaknesses, but the competition between them is fierce as the industry continues to evolve.
– Buscar Co ($OTCPK:CGLD)
Buscar Co is a technology company that specializes in providing digital solutions to businesses. The company has a market cap of 112.09k as of 2023, making it a small-cap company. Its Return on Equity (ROE) is -139.51%, which indicates that the company has been generating losses over the last year. This is likely due to the fact that the company has been investing heavily in research and development in order to stay ahead of the competition. Despite its negative ROE, Buscar Co remains a strong player in the technology sector, with its suite of digital solutions being in high demand from businesses of all sizes.
– Apex Mining Co Inc ($PSE:APX)
Apex Mining Co. Inc is a Philippine-based mining company that specializes in large-scale exploration, development, and utilization of mineral resources. As of 2023, the company has a market capitalization of 10.78 billion dollars, making it one of the largest firms in its industry. Additionally, the company has an impressive Return on Equity (ROE) of 18.72%, demonstrating its ability to generate profits from its investments. Apex Mining Co. Inc continues to contribute to the Philippine economy through its operations and investments in the mining sector.
– Orvana Minerals Corp ($TSX:ORV)
Orvana Minerals Corp is a Canadian gold and copper producer with operations in Spain and Chile. The company has a market capitalization of 25.28 million as of 2023, reflecting the value of its outstanding shares. The company’s Return on Equity (ROE) is -16.64%, which is lower than the industry average and indicates that Orvana Minerals Corp is underperforming its peers. The company has been struggling with declining production and increasing costs, which have put pressure on its financial performance. However, Orvana Minerals Corp is taking steps to improve its operations in order to increase profitability and enhance shareholder value.
Summary
COMPAÑÍA DE MINAS BUENAVENTURA S.A.A reported their fiscal year 2023 Q2 results on July 27th, showing a 15.4% year-on-year increase in total revenue. Net income for the quarter was -6.7 million, a significant improvement from the -39.9 million reported in the same period last year. Although the stock price dropped the same day, investors may be encouraged by the strong revenue growth and encouraged by the progress in reducing losses. The company’s outlook for the future is uncertain, however, and investors should keep an eye on the company’s earnings releases to get an up-to-date understanding of their performance.
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