Equitable Holdings Intrinsic Value – EQUITABLE HOLDINGS Reports Q2 Earnings Results for FY2023
August 6, 2023
🌥️Earnings Overview
On August 2 2023, EQUITABLE HOLDINGS ($NYSE:EQH) released their financial results for Q2 of their fiscal year 2023, ending June 30 2023. Total revenue for the quarter was recorded at USD 2.4 billion, a decrease of 54.0% year-on-year. Net income for this quarter dropped by 56.1%, amounting to USD 0.76 billion, compared to the same quarter in the previous year.
Share Price
At the opening of the day, EQUITABLE HOLDINGS stock opened at $28.6, however it eventually closed at $28.5, down by 1.7% from its last closing price of 29.0. This downswing in the company’s stock value could be attributed to a decrease in customer demand or other macroeconomic factors. The company’s CEO stated that they are encouraged by their performance in the second quarter and are confident that they can build on it in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Equitable Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 9.64k | 340 | 4.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Equitable Holdings. More…
| Operations | Investing | Financing |
| -830 | -7.49k | 7.65k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Equitable Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 269.01k | 263.21k | 10.15 |
Key Ratios Snapshot
Some of the financial key ratios for Equitable Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -13.3% | – | -2.1% |
| FCF Margin | ROE | ROA |
| -10.5% | -3.5% | -0.0% |
Analysis – Equitable Holdings Intrinsic Value
At GoodWhale, we have thoroughly analyzed EQUITABLE HOLDINGS‘s financials to determine its intrinsic value. Our proprietary Valuation Line showed that the intrinsic value of EQUITABLE HOLDINGS share is around $32.6. However, EQUITABLE HOLDINGS stock is currently traded at $28.5, a fair price that’s undervalued by 12.6%. This represents a good opportunity for investors interested in EQUITABLE HOLDINGS as the stock has potential to grow in value. More…
Peers
Competition between Equitable Holdings Inc and its competitors, Momentum Metropolitan Holdings Ltd, KWI PCL, and iA Financial Corp Inc, is intense. All of these companies strive to offer the best services to their customers in order to remain competitive in the market. Each company has its own unique set of strengths and weaknesses, and they are constantly working to improve their offerings and stay ahead of the competition.
– Momentum Metropolitan Holdings Ltd ($BER:M1A)
Momentum Metropolitan Holdings Ltd is an insurance and financial services company based in South Africa. The company operates in two main segments: Life Insurance and Short-term Insurance. As of 2022, the company has a market cap of 1.41 billion dollars and a Return on Equity of 26.28%. This indicates that the company is doing well financially and has strong financial performance relative to its peers. The company’s strong financial performance is likely due to its focus on providing quality services to its customers and its ability to control costs. Momentum Metropolitan Holdings Ltd is well-positioned to continue its growth in the future.
– KWI PCL ($SET:KWI)
KWI PCL is a Thailand-based company that specializes in the production and sale of energy, petrochemical, and other industrial products. The company has a market capitalization of 5.52 billion USD as of 2022, which is an indication of the size and value of the company. KWI PCL also has a Return on Equity (ROE) of -1.33%, which suggests that the company is not generating a return on the equity that has been invested into it. This could be due to a variety of factors such as poor management decisions or an excessively competitive industry. Despite this, KWI PCL continues to remain a prominent player in the industry and is dedicated to providing its customers with quality products and services.
– iA Financial Corp Inc ($TSX:IAG)
Merrill Lynch & Co. Inc., commonly referred to as Merrill Lynch, is a leading global financial services firm with a market cap of 8.08B as of 2022. The company provides a range of products and services to corporate, institutional, government and individual clients, including investments, wealth management, capital markets, and advisory solutions. Merrill Lynch is renowned for its strong Return on Equity of 9.41%, reflecting the company’s proficient capital deployment and management. The company is well-positioned to capitalize on the growth opportunities in the financial services industry.
Summary
EQUITABLE HOLDINGS reported their FY2023 Q2 earnings results on August 2 2023. Total revenue for the quarter was USD 2.4 billion, a decrease of 54.0% compared to the same quarter last year. Net income for the quarter was USD 0.76 billion, a decrease of 56.1%.
Investors should take this into consideration before investing in EQUITABLE HOLDINGS, as it may be an indication of the company’s financial performance going forward. Analysts should analyze a variety of factors including the company’s business strategy, current market conditions, and industry trends to determine if they should invest in EQUITABLE HOLDINGS in the future.
