Enviri Corp Stock Intrinsic Value – ENVIRI CORP Reports FY2023 Q2 Earnings Results After June 30 Deadline
August 29, 2023
🌥️Earnings Overview
On August 2 2023, ENVIRI CORP ($NYSE:NVRI) reported their earnings results for the second quarter of FY2023, which ended June 30 2023. Revenue had increased by 8.1%, totaling USD 520.2 million, compared to the same period of the previous year. Additionally, the company achieved net income of USD -11.4 million in the quarter, versus -105.6 million in the same quarter of the previous year.
Market Price
On Wednesday, ENVIRI CORP reported its FY2023 Q2 earnings results after the June 30 deadline. The stock opened at $9.1 on the day but closed at $8.5, a plunge of 11.2% from its previous closing price of 9.6. This marks a sharp downturn in the company’s stock performance since the beginning of the quarter, indicating investor uncertainty about the future of the company’s financials. The reported results showed an overall decrease in revenue for the quarter compared to the same period last year.
Net income was also down, largely attributed to the increasing costs associated with ENVIRI CORP’s operations. Moreover, the company’s debt load has been steadily increasing since the beginning of the year, further raising investor concerns. Overall, the reported results were not encouraging for ENVIRI CORP’s shareholders, and it remains to be seen if the company will be able to make up for the losses reported in FY2023 Q2 when its next quarterly earnings report is released. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enviri Corp. More…
| Total Revenues | Net Income | Net Margin |
| 1.97k | -55.6 | -1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enviri Corp. More…
| Operations | Investing | Financing |
| 60.98 | -111.81 | 46.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enviri Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.85k | 2.23k | 7.24 |
Key Ratios Snapshot
Some of the financial key ratios for Enviri Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.7% | 10.1% | 3.8% |
| FCF Margin | ROE | ROA |
| -4.1% | 8.1% | 1.6% |
Analysis – Enviri Corp Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of the fundamentals of ENVIRI CORP. Using our proprietary Valuation Line, we have calculated the intrinsic value of ENVIRI CORP stock to be around $12.5. Currently, the stock is trading at $8.5, which is a 32.2% discount to the intrinsic value. This indicates that ENVIRI CORP is currently undervalued and may be a good investment opportunity. More…
Summary
Investors should take note of ENVIRI CORP‘s recently reported Q2 FY2023 earnings. Total revenue had grown 8.1% to USD 520.2 million, while net income jumped from a loss of -105.6 million in the prior year to -11.4 million this quarter. Despite this strong improvement in the company’s financials, the stock price of ENVIRI CORP went down on the same day.
This could be due to the fact that the company’s net income was still negative or could indicate a lack of confidence in the company’s future prospects. Investors should therefore be cautious when considering an investment in ENVIRI CORP.
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