DYNA-MAC HOLDINGS Reports Second Quarter FY2023 Earnings Results
August 11, 2023
🌥️Earnings Overview
DYNA-MAC HOLDINGS ($SGX:NO4) revealed total revenue of SGD 182.3 million for the quarter ending June 30 2023, a year-over-year increase of 46.9%. This led to a net income of SGD 10.1 million, a substantial jump from the SGD 3.1 million reported in the same quarter of FY2022.
Stock Price
DYNA-MAC HOLDINGS reported its second quarter earnings results on Tuesday. The company’s stock opened at SG$0.4 and closed at the same price, down by 1.2% from the previous closing price of 0.4. This was a sign of negative market reaction to the company’s performance. The second quarter performance of DYNA-MAC HOLDINGS was affected by various factors such as the global economic slowdown, increasing cost of raw materials, and competition from other industries. Despite these challenging conditions, the company managed to maintain its market presence and report a profit for the quarter.
Going forward, DYNA-MAC HOLDINGS is optimistic about its performance in the upcoming quarters as it is taking steps to increase efficiency and reduce costs. The company is also focusing on expanding its customer base and developing new products to meet changing customer needs. With the right strategies in place, DYNA-MAC HOLDINGS is confident that it will be able to continue its growth and profitability in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dyna-mac Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 349.69 | 20.06 | 5.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dyna-mac Holdings. More…
| Operations | Investing | Financing |
| -8.73 | -1.25 | -6.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dyna-mac Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 263.3 | 211.18 | 0.05 |
Key Ratios Snapshot
Some of the financial key ratios for Dyna-mac Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 44.2% | -74.7% | 5.4% |
| FCF Margin | ROE | ROA |
| -2.9% | 24.9% | 4.5% |
Analysis
GoodWhale has conducted an extensive analysis of DYNA-MAC HOLDINGS‘ wellbeing. Based on our Risk Rating assessment, we have determined that DYNA-MAC HOLDINGS is a high risk investment in terms of financial and business aspects. In particular, our assessment has identified three risk warnings in the company’s income sheet, balance sheet, and financial journal. If you’re interested in learning more about this assessment, we encourage you to become a registered GoodWhale user. As a registered user, you will be able to gain access to more detailed information on DYNA-MAC HOLDINGS and our analysis of their financial and business wellbeing. We believe that arming yourself with this information can help you make an informed decision about whether or not investing in DYNA-MAC HOLDINGS is right for you. More…
Peers
It has been in operation for over 35 years and has completed projects in over 30 countries. The company has a strong reputation in the industry and is known for its quality workmanship and safety standards. Dyna-Mac Holdings Ltd competes with Matrix Service Co, Tecnicas Reunidas SA, and Muhibbah Engineering (M) Bhd for engineering, construction, and fabrication contracts. These companies are all large, international firms with a strong presence in the oil and gas industry. Dyna-Mac Holdings Ltd has a competitive advantage over its competitors due to its experience, reputation, and safety record.
– Matrix Service Co ($NASDAQ:MTRX)
The company has a market cap of 145.41M as of 2022 and a return on equity of -11.32%. The company is involved in the provision of oil and gas services.
– Tecnicas Reunidas SA ($OTCPK:TNISY)
Tecnicas Reunidas SA is a Spanish engineering and construction company. It is headquartered in Madrid and has offices in more than 40 countries. The company specializes in the design and construction of oil and gas facilities, power plants, and petrochemical plants. It is one of the largest engineering and construction companies in Spain and one of the largest in the world. The company was founded in 1954.
– Muhibbah Engineering (M) Bhd ($KLSE:5703)
Muhibbah Engineering (M) Bhd is a Malaysia-based company that provides engineering, procurement and construction services. The Company operates in two segments: Marine and Process; and Fabrication and Heavy Engineering. The Marine and Process segment includes activities related to the design, engineering, procurement, construction, installation and commissioning of offshore and onshore oil & gas facilities. The Fabrication and Heavy Engineering segment includes activities related to the design, engineering, procurement, construction, installation and commissioning of power plants, steel plants and other heavy engineering and fabrication works. The Company has a network of branches and offices located in Malaysia, Indonesia, Singapore, Thailand, Vietnam, Australia and the Middle East.
Summary
DYNA-MAC HOLDINGS has seen impressive growth in the second quarter of FY2023, with total revenues increasing by 46.9% from the same period last year. Net income jumped significantly year-over-year, growing from SGD 3.1 million to SGD 10.1 million. This impressive performance makes DYNA-MAC HOLDINGS a compelling investment opportunity for those looking for strong returns. Investors can benefit from the company’s financial stability and strong growth prospects, and should consider adding this stock to their portfolio.
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