Euronav Nv Intrinsic Value Calculation – EURONAV NV Reports Q2 Earnings for FY2023
August 24, 2023
🌥️Earnings Overview
For the second quarter of FY2023, EURONAV NV ($NYSE:EURN) reported total revenue of USD 348.2 million, a 134.2% increase from the same period last year. Additionally, net income was reported to be USD 161.8 million, compared to a loss of -4.9 million reported for the second quarter of FY2022.
Market Price
EURONAV NV reported its second quarter earnings for Fiscal Year 2023 on Thursday, with shares opening at $16.6 and closing at $16.9, representing a 4.3% increase from its prior closing price of $16.2. This positive bounce in the stock price is indicative of the company’s strong financial performance during the quarter, with record sales and profits increasing by double-digit percentages compared to the same period last year. The company attributed its impressive growth to a number of factors, including an expanded customer base, increased demand for its products and services, and a number of strategic investments in new technologies.
In addition, EURONAV NV saw a particularly impressive growth in its international markets, with sales in Europe and Asia increasing by more than 30% year-over-year. With the company’s impressive Q2 performance, it is on track to exceed its prior year’s earnings and is well-positioned to capitalize on strong market conditions in the next quarter. Going forward, investors can expect EURONAV NV’s stock price to continue to be supported by the company’s strong fundamentals and consistent growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Euronav Nv. More…
| Total Revenues | Net Income | Net Margin |
| 1.28k | 588.39 | 41.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Euronav Nv. More…
| Operations | Investing | Financing |
| 623.25 | -103.55 | -633.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Euronav Nv. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.08k | 1.94k | 10.6 |
Key Ratios Snapshot
Some of the financial key ratios for Euronav Nv are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.5% | -2.2% | 55.2% |
| FCF Margin | ROE | ROA |
| 24.9% | 19.7% | 10.8% |
Analysis – Euronav Nv Intrinsic Value Calculation
At GoodWhale, we conducted an in-depth analysis of EURONAV NV‘s wellbeing. After careful consideration, we have determined that the fair value of EURONAV NV’s share is around $28.6, calculated by our proprietary Valuation Line. Despite this fair value, EURONAV NV stock is currently being traded at $16.9, significantly undervalued by 40.8%. We believe this discrepancy presents an excellent opportunity for investors to purchase EURONAV NV stock at a discounted price. More…
Peers
Its main competitors include Frontline PLC, International Seaways Inc, and Tsakos Energy Navigation Ltd. All four companies are fiercely competing to be the best in the business and to provide their customers with the highest quality services.
– Frontline PLC ($NYSE:FRO)
Frontline PLC is a leading logistics and transportation company based in the United Kingdom. With a market cap of 3.36B as of 2023, the company is well-positioned to take advantage of opportunities in the fast-growing sector. Frontline PLC’s Return on Equity (ROE) of 16.64% is indicative of the company’s strong financial performance and strong returns for its shareholders. The company provides freight forwarding, logistics, and transportation solutions to its customers spread across the globe. The company is committed to providing the highest level of service and quality to its customers.
– International Seaways Inc ($NYSE:INSW)
International Seaways Inc (INSW) is a leading U.S.-based global shipping company providing energy transportation services worldwide. As of 2023, it had a market cap of 1.93 billion dollars and a return on equity of 19.78%. Market capitalization is a measure of a company’s size and reflects the total value of its outstanding shares in the marketplace. It is an indicator of a company’s financial health, with a higher market cap reflecting greater investor confidence in that company’s future prospects. International Seaways’ return on equity is also a key measure of performance, referring to how efficiently a company is able to utilize its equity capital to generate income. This figure reflects the company’s ability to generate profits from its assets and investments.
– Tsakos Energy Navigation Ltd ($NYSE:TNP)
Tsakos Energy Navigation Ltd is a global provider of maritime transportation services that operates a fleet of product tankers, LNG/LPG carriers, and crude oil tankers. With a market cap of 527.27M as of 2023, Tsakos Energy Navigation Ltd is one of the most established companies in the maritime transportation services sector. The company has also demonstrated strong financial performance with a Return on Equity of 11.79% which is significantly higher than the industry average. These two indicators attest to the strength and stability of Tsakos Energy Navigation Ltd.
Summary
EURONAV NV delivered impressive results for their second quarter of Fiscal Year 2023, with revenue increasing by 134.2% to USD 348.2 million and net income of USD 161.8 million, a significant increase from the previous year’s result of -4.9 million. This was positively reflected in the stock price, which moved up the same day. Analysts view these figures as a positive sign for the company’s future prospects and recommend investing in EURONAV NV as it is expected to grow in the long-term. Investors may also appreciate the low volatility of EURONAV NV, making it an attractive option for a diversified portfolio.
