Chesapeake Utilities Intrinsic Value Calculation – CHESAPEAKE UTILITIES Reports Q2 Earnings Results for FY2023
August 9, 2023
🌥️Earnings Overview
Chesapeake Utilities ($NYSE:CPK) reported its Q2 fiscal year 2023 earnings results on June 30th, 2023. Total revenue for the quarter was USD 135.6 million, a decrease of 2.8% year over year, and net income was USD 16.1 million, a decrease of 5.4% from the same period in the preceding year.
Market Price
The stock opened at $117.3 and closed at $115.0, representing a 1.9% decrease from the previous closing price of 117.2. The decrease in stock prices could indicate that investors are not confident in the company’s performance.
However, further analysis of the earnings report is needed to evaluate exactly how CHESAPEAKE UTILITIES is faring. CHESAPEAKE UTILITIES has a long history of providing reliable energy and water services to customers across various regions. This dedication has enabled them to become a leader in the energy and water services industry. The company’s financial results will give investors more insight into the effectiveness of its strategies and performance in the current market environment. This information can help them make better-informed decisions and stay up-to-date with CHESAPEAKE UTILITIES’ progress. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Chesapeake Utilities. More…
| Total Revenues | Net Income | Net Margin |
| 672.08 | 88.29 | 13.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Chesapeake Utilities. More…
| Operations | Investing | Financing |
| 184.07 | -161.27 | -22.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Chesapeake Utilities. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.2k | 1.34k | 48.58 |
Key Ratios Snapshot
Some of the financial key ratios for Chesapeake Utilities are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.3% | 11.7% | 21.6% |
| FCF Margin | ROE | ROA |
| 4.6% | 10.5% | 4.1% |
Analysis – Chesapeake Utilities Intrinsic Value Calculation
At GoodWhale, we’ve been taking a close look at CHESAPEAKE UTILITIES and their overall wellbeing. After conducting a thorough analysis, we’ve found the fair value of their share to be around $134.7. This value was calculated using our proprietary Valuation Line. Currently, CHESAPEAKE UTILITIES’ stock is being traded at $115.0, which is a fair price undervalued by 14.6%. This might be an ideal opportunity to invest in a strong and reliable company. More…
Peers
The competition between Chesapeake Utilities Corp and its competitors is fierce. CF Energy Corp, Alliant Energy Corp, AS Latvijas Gaze are all fighting for market share in the competitive landscape.
– CF Energy Corp ($TSXV:CFY)
Calgary-based Cenovus Energy Inc. is a Canadian integrated oil and gas company. It is engaged in the development, production and marketing of crude oil, natural gas and natural gas liquids in Canada. Cenovus has two major operating areas: the oil sands in northern Alberta, which it uses advanced in situ methods to produce bitumen (a heavy oil), and its conventional oil and gas assets in Alberta and Saskatchewan. The company also has a 50% interest in two U.S. refineries.
– Alliant Energy Corp ($NASDAQ:LNT)
Alliant Energy Corporation is a public utility holding company that owns two electric and natural gas utilities, serving more than one million customers in Iowa and Wisconsin. Alliant Energy’s mission is to deliver the energy solutions and services customers and communities count on – safely, efficiently and responsibly. The company’s ROE is 10.06%.
– AS Latvijas Gaze ($LTS:0J4R)
Latvijas Gaze is a Latvian natural gas utility company. It is the largest Latvian gas supplier, with a market share of around 70%. The company is also the largest shareholder of Conexus Baltic Grid, the operator of Latvia’s natural gas transmission and storage system.
Latvijas Gaze has a market capitalization of 319.2 million as of 2022. The company’s return on equity was 12.15% as of the same year.
Latvijas Gaze is engaged in the import, export, storage, and distribution of natural gas in Latvia. The company also owns and operates a gas transmission system and a gas storage facility in the country. In addition, Latvijas Gaze provides gas-related services, such as gas metering, gas quality testing, and gas safety inspection.
Summary
Investors analyzing Chesapeake Utilities have noted a decline in total revenue and net income for Q2 of FY2023. Total revenue was $135.6 million, down 2.8%, while net income decreased 5.4% from the same period the previous year. The earnings results indicate a weakening performance, suggesting that investors should reevaluate their investments and consider strategies for improving returns in the future. Further research is necessary to understand any risks associated with this stock before making any decisions.
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