Epam Systems Intrinsic Value – EPAM SYSTEMS Reports Positive Earnings Results for Q2 of FY2023
August 7, 2023
☀️Earnings Overview
EPAM SYSTEMS ($NYSE:EPAM) revealed their financial results for the second quarter of 2023, which ended on June 30, and reported a total revenue of USD 1170.2 million, a 2.1% decline from the same quarter in the previous year. Their net income for the quarter stood at USD 120.0 million, compared to 18.6 million in the previous year.
Price History
EPAM SYSTEMS reported strong financial results in the second quarter of fiscal year 2023, with its stock opening at $242.0 and closing at $245.0, a 3.4% increase from the previous day’s closing price of $236.9. EPAM SYSTEMS managed to reach these results despite facing the challenges brought on by the pandemic, indicating that the company has been able to rebound strongly from the global economic downturn. EPAM SYSTEMS attributed its success to a more efficient pricing strategy, improved operational efficiencies, and an emphasis on customer satisfaction.
In addition, EPAM SYSTEMS has invested heavily in research and development, and new products and services, leading to higher revenue growth. Investors are optimistic about the company’s future prospects and expect it to continue delivering strong returns in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Epam Systems. More…
| Total Revenues | Net Income | Net Margin |
| 4.84k | 533.42 | 10.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Epam Systems. More…
| Operations | Investing | Financing |
| 614.82 | -95.35 | -54.22 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Epam Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.09k | 830.36 | 56.3 |
Key Ratios Snapshot
Some of the financial key ratios for Epam Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.6% | 22.3% | 12.7% |
| FCF Margin | ROE | ROA |
| 11.6% | 12.0% | 9.4% |
Analysis – Epam Systems Intrinsic Value
At GoodWhale, we recently conducted an analysis of EPAM SYSTEMS‘ wellbeing. Using our proprietary Valuation Line, we estimated the intrinsic value of EPAM SYSTEMS’ share to be around $506.7. What is more, we found that EPAM SYSTEMS’ stock is currently being traded at a price of $245.0, which is a significant 51.6% undervaluation of the stock. This provides an interesting opportunity for investors looking to take advantage of the current market conditions. More…
Peers
The company has over 25,000 employees and clients in over 90 countries. EPAM Systems Inc. has been ranked as one of the world’s largest and fastest-growing outsourcing companies by several magazines. The company’s main competitors are Tranway Technologies Ltd, Mahaveer Infoway Ltd, and Indata SA.
– Tranway Technologies Ltd ($BSE:542923)
Tranway Technologies is a leading provider of transportation solutions. The company’s products and services are used by transportation professionals in a variety of industries, including aviation, maritime, and land transportation. Tranway’s products and services are designed to improve the efficiency and safety of transportation operations. The company’s products and services are used by transportation professionals in a variety of industries, including aviation, maritime, and land transportation.
– Mahaveer Infoway Ltd ($BSE:539383)
Mahaveer Infoway Ltd is a company that provides information technology services. It has a market cap of 35.64M as of 2022 and a return on equity of 5.35%. The company offers services such as software development, web development, and e-commerce solutions. It also provides IT consulting and support services. The company has its headquarters in Bangalore, India.
Summary
Investors in EPAM SYSTEMS responded positively to the company’s earnings report for the second quarter of FY2023, which ended on June 30 2023. Total revenue for the quarter was USD 1170.2 million, a decrease of 2.1% compared to the same quarter last year. Net income for the quarter was USD 120.0 million, significantly up from the previous year’s figure of 18.6 million.
The stock price rose on the day of the announcement, suggesting that investors expect the company to continue its success and achieve higher revenue and net income in the future. As such, EPAM SYSTEMS appears to be a strong investment option in the near future.
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