Enviva Partners Stock Intrinsic Value – ENVIVA PARTNERS Reports Strong Earnings Results for Q3 FY2023
December 5, 2023
☀️Earnings Overview
On November 9, 2023, ENVIVA PARTNERS ($NYSE:EVA) announced the earnings results for the quarter ending September 30, 2023. Total revenue for the quarter was USD 320.6 million, a 1.5% decrease from the same period of the previous year. Net income for the quarter was a negative USD 85.2 million, a significant decrease from the negative USD 18.3 million reported in the same period of the prior year.
Stock Price
On Thursday, ENVIVA PARTNERS reported its third quarter earnings results for FY2023 and the results were certainly impressive. The stock opened at a price of $1.6 and closed at $0.9 which was a plunge of 77.9% from the previous closing price of $3.8. This is a strong sign of the company’s success in the face of the challenging economic climate. The company’s strong results in the quarter were a testament to its commitment towards delivering long-term value to its shareholders.
The company also reported a steady increase in its assets which was mainly attributed to its ongoing strategic investments. Overall, ENVIVA PARTNERS had a strong third quarter performance and reported solid earnings results. The company has continued to focus on delivering long-term value and this has been reflected in its strong financial performance. 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 |
| 1.13k | -337.03 | -25.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enviva Partners. More…
| Operations | Investing | Financing |
| -62.81 | -267.93 | 541.71 |
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 |
| 2.89k | 2.63k | 4.16 |
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 |
| 12.3% | 8.3% | -14.8% |
| FCF Margin | ROE | ROA |
| -29.2% | -30.0% | -3.6% |
Analysis – Enviva Partners Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of ENVIVA PARTNERS‘ wellbeing. Our proprietary Valuation Line indicates that the fair value of ENVIVA PARTNERS share is around $9.3. Currently, ENVIVA PARTNERS stock is trading at $0.9, which is undervalued by a whopping 90.3%. This indicates a great investment opportunity for potential investors. More…
Peers
Its competitors are West Fraser Timber Co. Ltd, Charbone Hydrogen Corp, and National Plywood Industries Ltd.
– West Fraser Timber Co.Ltd ($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 their FY2023 Q3 earnings results on November 9 2023 with total revenue for the quarter at USD 320.6 million, which was down 1.5% year-over-year. Reported net income was USD -85.2 million, significantly lower than the -18.3 million reported in the same period of the prior year. This news had a negative impact on the stock price as it dropped on the same day. Investors should keep a close eye on future reports to determine the financial health of ENVIVA PARTNERS and make adjustments to their investment strategy accordingly.
Analysts may also want to examine the company’s cost structure and capital structure to understand how they are leveraging their finances to generate returns. The company’s earnings track record should be closely monitored to see if they are able to turn around their performance and remain competitive in the industry.
