Everest Group Stock Fair Value Calculation – EVEREST GROUP Reports Second Quarter FY2023 Earnings Results on July 26, 2023
August 1, 2023
🌥️Earnings Overview
On July 26, 2023, EVEREST GROUP ($NYSE:EG) released its financial results for the second quarter of FY2023 (ending June 30, 2023), showing total revenue of USD 3651.0 million, a 28.8% increase from the same period the previous year. Net income for the quarter was USD 670.0 million, compared to the 122.6 million recorded in the same quarter in the prior year.
Stock Price
The stock opened at $367.5 and closed at $364.8, down by 0.5% from the previous day’s closing price of 366.6. The firm also announced the expansion of its e-commerce platform and investments in digital marketing to drive more traffic and increase customer engagement. Investors responded positively to the results, as shares of EVEREST GROUP rose following the news. With continued growth in digital initiatives and investments in customer engagement, EVEREST GROUP is well-positioned for long-term success. 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 Stock Fair Value Calculation
At GoodWhale, we recently completed an analysis of EVEREST GROUP‘s financials. After carefully examining the data, we derived a fair value for EVEREST GROUP’s stock of around $286.6 using our proprietary Valuation Line. However, the current market value for EVEREST GROUP’s stock is $364.8, indicating that it is currently overvalued by 27.3%. More…
Summary
Investors in Everest Group are looking at a positive outlook for the company in FY2023. This is a strong indication of the company’s financial health and growth potential. Analysts are encouraged by the results, suggesting that Everest Group is well-positioned to continue its successful trajectory. The company’s future growth prospects and opportunities are worth considering for investors seeking to add to their portfolio.
