Dorchester Minerals Intrinsic Value Calculator – DORCHESTER MINERALS Reports Q2 FY2023 Earnings Results for June 30 2023
August 9, 2023
🌥️Earnings Overview
On August 3 2023, DORCHESTER MINERALS ($NASDAQ:DMLP) released its earnings results for Q2 of FY2023, ending June 30 2023. Compared to the same quarter the year prior, total revenue fell by 35.5%, down to USD 30.6 million, and net income decreased by 46.9%, settling at USD 19.8 million.
Share Price
The stock opened at $30.0 and closed at $30.5, up 1.7% from the previous closing price of $30.0. This represented a substantial increase in the company’s stock price, indicating a positive overall performance in the second quarter. The company reported strong revenue growth year-over-year, indicating that their strategies have been effective in increasing their customer base and expanding their market reach.
Additionally, DORCHESTER MINERALS‘ gross margins increased significantly compared to the previous quarter, indicating an improvement in efficiency and cost-effectiveness. Overall, DORCHESTER MINERALS’ Q2 FY2023 earnings results have been encouraging, and investors are optimistic about the company’s future prospects. With a strong performance in the second quarter, the company is well-positioned for continued success in the long-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dorchester Minerals. More…
| Total Revenues | Net Income | Net Margin |
| 153.73 | 106.97 | 71.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dorchester Minerals. More…
| Operations | Investing | Financing |
| 147.69 | 1.64 | -156.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dorchester Minerals. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 153.12 | 7.79 | 3.75 |
Key Ratios Snapshot
Some of the financial key ratios for Dorchester Minerals are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.8% | 46.5% | 71.9% |
| FCF Margin | ROE | ROA |
| 96.1% | 44.6% | 45.1% |
Analysis – Dorchester Minerals Intrinsic Value Calculator
At GoodWhale, we’ve analyzed the financials of DORCHESTER MINERALS and calculated the company’s intrinsic value to be around $29.4. This comes from our proprietary Valuation Line. We suggest that the current price of $30.5 is a fair price overvalued by 3.7%. This means that the stock is trading at a slightly higher price than its intrinsic value. More…
Peers
The oil and gas industry is a highly competitive sector with many companies vying for market share. Dorchester Minerals LP is one such company that competes against others such as Falcon Minerals Corp, Kimbell Royalty Partners LP, and San Juan Basin Royalty Trust. While each company has its own strengths and weaknesses, Dorchester Minerals LP has been able to stand out from the crowd and become a leading player in the industry.
– Falcon Minerals Corp ($NYSE:KRP)
Kimbell Royalty Partners LP is a publicly traded partnership that owns and leases oil and natural gas properties in the United States. The company has a market capitalization of $1.12 billion and a return on equity of 13.95%. Kimbell Royalty Partners LP is engaged in the business of owning and leasing oil and natural gas properties in the United States. The company’s properties are located in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas, Colorado, Wyoming, Montana, North Dakota, South Dakota, Utah, Nevada, California, Oregon and Washington.
– Kimbell Royalty Partners LP ($NYSE:SJT)
The San Juan Basin Royalty Trust is a royalty trust that owns royalty interests in oil and gas properties in the San Juan Basin in New Mexico. The trust was created in 2001 and is managed by the Royalty Trust Management Company. The trust’s royalty interests are derived from production from more than 3,000 wells. The trust is entitled to receive a portion of the proceeds from the sale of oil and gas production from the properties. The trust’s distributions are made quarterly, and are based on the proceeds from the sale of production, less expenses.
Summary
DORCHESTER MINERALS has reported poor earnings results for the second quarter of FY2023, with total revenue declining by 35.5% and net income decreasing by 46.9% year over year. Investors should pay close attention to the company’s performance in upcoming quarters as it could indicate a downward trend. Furthermore, investors should assess the company’s ability to control costs and generate new revenue streams to offset the losses incurred in the second quarter.
In addition, investors should pay attention to how the macroeconomic environment affects DORCHESTER MINERALS. Overall, investors should weigh both short-term and long-term risks when considering their investment in DORCHESTER MINERALS.
Related Posts
Recent Posts
