Cno Financial Intrinsic Value – CNO FINANCIAL Reports Positive Earnings Results for FY2023 Q2
August 27, 2023
☀️Earnings Overview
CNO ($NYSE:CNO): The total revenue was USD 1022.8 million, a 19.6% increase from the previous year’s same period. Unfortunately, net income decreased by 45.8%, equalling USD 73.7 million.
Share Price
On Monday, CNO FINANCIAL reported positive earnings results for their second quarter of fiscal year 2023. The company’s stock opened at $25.5 and closed at $25.7, representing a 0.7% increase from its previous closing price of 25.5. This increase in earnings was attributed to the company’s strategic focus on marketing and customer acquisition, which has led to greater customer engagement and increased sales.
Additionally, the company has been focusing on cost savings initiatives, such as reducing certain overhead costs and increasing efficiency, which has helped to offset any potential profit loss. The company also noted that its balance sheet remains strong with boosted liquidity and manageable debt levels. Overall, this positive earnings report reflects CNO FINANCIAL’s commitment to financial stability and growth, and signals positive developments for the company in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cno Financial. More…
| Total Revenues | Net Income | Net Margin |
| 3.91k | 221.3 | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cno Financial. More…
| Operations | Investing | Financing |
| 520.9 | -1.78k | 1.2k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cno Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 34.05k | 32.06k | 17.56 |
Key Ratios Snapshot
Some of the financial key ratios for Cno Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.4% | – | 12.4% |
| FCF Margin | ROE | ROA |
| 13.3% | 15.1% | 0.9% |
Analysis – Cno Financial Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of CNO FINANCIAL‘s fundamentals. Our proprietary Valuation Line has come to the conclusion that the fair value of a CNO FINANCIAL share is around $24.3. Currently, the stock is trading at $25.7, a price which is 5.6% overvalued. As such, CNO FINANCIAL stock might not be the best option in its sector for investors looking to make a quick profit. More…
Peers
Its competitors are National Western Life Group Inc, Wustenrot & Wurttembergische AG, and iA Financial Corp Inc.
– National Western Life Group Inc ($NASDAQ:NWLI)
National Western Life Group Inc is a holding company that operates through its subsidiaries engaged in the life insurance business. Its products include whole life, term life, universal life, and annuities. The company was founded in 1906 and is headquartered in Austin, Texas.
– Wustenrot & Wurttembergische AG ($LTS:0GJN)
Wustenrot & Wurttembergische AG is a German mutual insurance company headquartered in Stuttgart. As of 2022, it had a market capitalization of €1.44 billion and a return on equity of 14.21%. The company provides a range of insurance products, including life, health, property and casualty, and pension products, as well as banking and investment products.
– iA Financial Corp Inc ($TSX:IAG)
AmeriA Financial Corp Inc has a market cap of 7.68B as of 2022. The company has a Return on Equity of 9.41%. AmeriA Financial Corp Inc is a provider of insurance and financial services. The company offers a range of products and services, including life insurance, annuities, and investments.
Summary
CNO FINANCIAL recently reported their Q2 FY2023 earnings on July 31 2023, which showed an impressive 19.6% growth in total revenue, coming in at USD 1022.8 million. Unfortunately, the company saw a significant decrease in net income of 45.8%, resulting in only USD 73.7 million. Investors should be cautious of this financial performance and monitor the company’s future performance closely to assess its risk profile. CNO FINANCIAL may be a risky investment at this time.
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