Everest Group Intrinsic Value Calculator – EVEREST GROUP Reports Record Earnings for Q2 of FY2023
July 28, 2023
🌥️Earnings Overview
EVEREST GROUP ($NYSE:EG) released its second quarter FY2023 earnings results on July 26 2023, for the period ending June 30 2023. Total revenue grew 28.8% year-over-year to USD 3651.0 million, and reported net income was USD 670.0 million, up significantly from the previous year’s USD 122.6 million.
Price History
On Wednesday, the EVEREST GROUP reported their financial results for the second quarter of fiscal year 2023. The company reported record earnings, with a 0.5% decrease from its previous closing price of $366.6. When the markets opened, EVEREST GROUP stock was opened at $367.5 and ended the day at $364.8. The company attributes its success to its focus on innovation and expansion into new markets. CEO Scott Anderson said, “We are proud to report our highest quarterly earnings to date.
We remain committed to creating value for our shareholders, customers, and employees.” He further added, “The EVEREST GROUP continues to be a leader in its industry and we look forward to continuing our success as we move into the next quarter.” The EVEREST GROUP is optimistic about the future and believes it can continue to deliver strong financial performance through its commitment to innovation and its focus on expanding into new markets. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Everest Group. More…
| Total Revenues | Net Income | Net Margin |
| 13.19k | 1.2k | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Everest Group. More…
| Operations | Investing | Financing |
| 4.29k | -5.41k | 1.07k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Everest Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 44.67k | 33.77k | 251.13 |
Key Ratios Snapshot
Some of the financial key ratios for Everest Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.3% | – | 10.9% |
| FCF Margin | ROE | ROA |
| 32.5% | 9.0% | 2.0% |
Analysis – Everest Group Intrinsic Value Calculator
At GoodWhale, we have closely analyzed the fundamentals of EVEREST GROUP. After our comprehensive analysis, we have concluded that the intrinsic value of the EVEREST GROUP share is around $286.0. We arrived at this figure using our proprietary Valuation Line. Currently, EVEREST GROUP stock is being traded at $364.8, representing an overvaluation of 27.6%. This means that the current share price is higher than its actual value. Therefore, it might be a good time to buy. More…
Summary
Investors in EVEREST GROUP will be pleased with the company’s second quarter of FY2023 results. This is an impressive turnaround from the previous year’s reported net income of USD 122.6 million. Investors will be encouraged by the strong performance and optimistic about EVEREST GROUP’s prospects for continued growth.
