Enviva Partners Intrinsic Value Calculation – ENVIVA PARTNERS Reports Earnings for FY2023 Q2, as of June 30 2023
August 5, 2023
🌥️Earnings Overview
ENVIVA PARTNERS ($NYSE:EVA) announced their results for Q2 of the fiscal year 2023, which was recorded up to June 30th 2023, on August 3rd 2023. The reported total revenue for the period was recorded to be USD 301.9 million, representing a 1.9% growth in comparison to the corresponding quarter from the previous year.
Stock Price
On Thursday, ENVIVA PARTNERS reported it’s second quarter earnings for FY2023, as of June 30 2023. This report is significant for the company as it is the first earnings report for 2023 and provides insight into the performance of the company over the past few months. The report showed that ENVIVA PARTNERS stock opened at $13.1 and closed at $13.1, up by 1.7% from previous closing price of 12.9. This is a positive sign for the company and indicates that the stock has increased in value since the last quarter.
Investors will be pleased to see this increase and will be looking forward to more positive reports in the future. The increase in stock price is a good sign for the company’s overall performance and will hopefully continue in the coming quarters. Investors should stay tuned for future reports to see if the company can maintain its current momentum. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enviva Partners. More…
| Total Revenues | Net Income | Net Margin |
| 1.14k | -271.88 | -22.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enviva Partners. More…
| Operations | Investing | Financing |
| 9.9 | -257.31 | 354.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enviva Partners. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.55k | 2.21k | 5.19 |
Key Ratios Snapshot
Some of the financial key ratios for Enviva Partners are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.9% | 8.3% | -11.1% |
| FCF Margin | ROE | ROA |
| -21.8% | -27.9% | -3.1% |
Analysis – Enviva Partners Intrinsic Value Calculation
At GoodWhale, we recently conducted a thorough analysis of the fundamentals of ENVIVA PARTNERS. Our proprietary Valuation Line estimated the intrinsic value of the stock to be around $43.1. However, the stock is currently trading at $13.1, which means it is significantly undervalued by 69.6%. This could be an attractive buying opportunity for investors looking to capitalize on an undervalued stock. More…
Peers
Its competitors are West Fraser Timber Co. Ltd, Charbone Hydrogen Corp, and National Plywood Industries Ltd.
– West Fraser Timber Co.Ltd ($TSX:WFG)
With a market cap of 9.1B as of 2022, West Fraser Timber Co.Ltd is a large company with a lot of capital. Its return on equity of 25.41% shows that it is a profitable company that reinvests its earnings back into the business. The company is a leading forest products company that produces lumber, wood chips, and other forest products.
– Charbone Hydrogen Corp ($TSXV:CH)
Charbone Hydrogen Corp is a hydrogen fuel company with a market cap of 8.98M as of 2022. The company has a Return on Equity of 84.65%. The company produces hydrogen fuel for use in transportation, industry, and power generation. The company has a strong focus on research and development in order to improve the efficiency and safety of its products.
– National Plywood Industries Ltd ($BSE:516062)
National Plywood Industries Ltd is a leading manufacturer of plywood and allied products in India. The company has a market cap of 246.18M as of 2022. It manufactures a wide range of plywood and allied products, including blockboards, flush doors, laminated boards, and veneers. The company has a strong presence in the Indian market with a wide network of dealers and distributors. It exports its products to more than 50 countries across the globe.
Summary
Enviva Partners reported strong revenue growth of 1.9% year-over-year for the second quarter of FY2023, with total revenue of USD 301.9 million. Unfortunately, net income for the period was USD -55.8 million, compared to a loss of -27.3 million in the same period of the prior year. Investors who are considering Enviva Partners should note that revenue growth is encouraging, but the company continues to post losses. In addition, investors should weigh the potential return against the risk associated with investing in the company.
