Euronav Nv Intrinsic Value Calculator – EURONAV NV Reports Q2 FY2023 Earnings Results for Period Ending August 3 2023
August 28, 2023
🌥️Earnings Overview
On August 3 2023, EURONAV NV ($NYSE:EURN) reported its second quarter FY2023 earnings results, with total revenue amounting to USD 348.2 million, a year-over-year increase of 134.2%. This led to net income of USD 161.8 million, compared to a net loss of -4.9 million in the same quarter of the previous fiscal year.
Share Price
EURONAV NV has reported its financial results for the second quarter of the fiscal year 2023, which ended on August 3 2023. On Thursday, the company’s stock opened at $16.6 and closed at $16.9, up by 4.3% from its last closing price of $16.2. This marks the second consecutive quarter of earning gains for the company since the beginning of the fiscal year.
This strong liquidity position is a testament to the company’s solid financial performance and provides a valuable cushion during periods of economic uncertainty. All in all, EURONAV NV’s Q2 FY2023 earnings results were encouraging and demonstrate the company’s ability to achieve robust results even in the current market conditions. 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 Calculator
At GoodWhale, we have conducted an in-depth analysis of EURONAV NV‘s fundamentals. Based on our proprietary Valuation Line, we have estimated the fair value of a single EURONAV NV share to be around $28.5. This means that the stock is currently undervalued by 40.6%, with it being traded at $16.9. As a result, investors should consider investing in EURONAV NV for future returns. More…
Peers
Its main competitors include Frontline PLC, International Seaways Inc, and Tsakos Energy Navigation Ltd. All four companies are fiercely competing to be the best in the business and to provide their customers with the highest quality services.
– Frontline PLC ($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 had a positive second quarter of FY2023, with total revenue of USD 348.2 million — a 134.2% year-over-year increase. Net income for the period was USD 161.8 million, compared to a net loss of -4.9 million in the same period last year. This strong financial performance was reflected in the stock price, which rose on June 30 2023.
Investors should consider this impressive growth when deciding whether or not to invest in EURONAV NV. The company is showing signs of strong financial health and has demonstrated its ability to increase revenue and profitability year-over-year.
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