FIRSTFARMS A/S Reports First Quarter FY2023 Earnings on May 17
May 31, 2023
🌥️Earnings Overview
On May 17 2023, FIRSTFARMS A/S ($LTS:0EG1) announced their earnings for the first quarter of FY2023 ending March 31 2023. Total revenue for the quarter was DKK 110.7 million, a 58.3% increase from the same quarter last year. Net income rose to DKK 15.8 million, a 16.0% increase from the same period a year ago.
Market Price
The stock opened at €47.3 and closed the same day at the same price. Overall, the company’s earnings beat expectations that were set for the quarter. The growth in revenue came from increased sales of the company’s main products, pork and poultry. Both products saw a 4% increase in sales compared to the previous year.
Additionally, FIRSTFARMS A/S launched new products in the quarter, which contributed to a 2% increase in total sales. They also implemented new cost management strategies that helped reduce the cost of goods sold by 4%. The company also invested in new technology during the quarter, which helped reduce labor costs and increase efficiency. Overall, FIRSTFARMS A/S’s first quarter results were solid and exceeded expectations. The company expects to continue its strong performance for the rest of the fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Firstfarms A/s. More…
| Total Revenues | Net Income | Net Margin |
| 462.1 | 67.64 | 14.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Firstfarms A/s. More…
| Operations | Investing | Financing |
| 125.45 | -282.47 | 147.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Firstfarms A/s. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.44k | 727.08 | 75 |
Key Ratios Snapshot
Some of the financial key ratios for Firstfarms A/s are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.2% | 28.7% | 21.6% |
| FCF Margin | ROE | ROA |
| -19.9% | 9.0% | 4.3% |
Analysis
At GoodWhale, we conducted an analysis of FIRSTFARMS A/S‘s wellbeing using our Star Chart. The results revealed that FIRSTFARMS A/S is strong in growth and medium in asset, dividend, and profitability. Based on these results, we classify FIRSTFARMS A/S as a “cheetah”, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given this, investors who are looking for a high return with an acceptable level of risk may be interested in this type of company. We also gave FIRSTFARMS A/S an intermediate health score of 6/10 with regard to its cashflows and debt. This indicates that FIRSTFARMS A/S is likely to be able to pay off its debt and fund future operations. More…
Peers
To remain competitive in the market, FirstFarms has established itself alongside Don Agro International Ltd, Lanzhou Zhuangyuan Pasture Co Ltd, and KSG Agro SA as one of the most prominent players in the international agriculture industry.
– Don Agro International Ltd ($SGX:GRQ)
Don Agro International Ltd is an agricultural production and marketing company based in the United Kingdom. The company specializes in the production and distribution of a variety of crops, grains, fruits, and animal feed. As of 2023, Don Agro International Ltd has a market cap of 28.55M. The company’s Return on Equity (ROE) stands at 0.04%, indicating a low level of profitability. The company’s aim is to provide quality products at competitive prices and their success can be seen in their steady growth over recent years.
– Lanzhou Zhuangyuan Pasture Co Ltd ($SZSE:002910)
The Lanzhou Zhuangyuan Pasture Co. Ltd is a Chinese livestock and animal feed producer, specialising in the production of sheep and cattle feed. As of 2023, the company has a market capitalisation of 2.17 billion dollars, indicating that it is a large and well-established business. Furthermore, it has a Return on Equity (ROE) of 4.41%, suggesting that the company is successful in generating profit from its investments. This is encouraging for investors, and shows that the company is well managed and is making great use of its resources.
– KSG Agro SA ($LTS:0Q3Q)
KSG Agro SA is a Polish agricultural company specialized in the production, sale, and distribution of grains, oilseeds, cereals, and other food products. With a current market cap of 6.7M as of 2023, KSG Agro SA has a firm footing and plenty of room for growth. Additionally, their ROE of 21.95% shows that investors are confident in the company’s performance and direction. These two factors together suggest that KSG Agro SA is a viable and profitable business that is well worth considering as an investment.
Summary
FIRSTFARMS A/S reported strong financial performance for the first quarter of FY 2023, with total revenue increasing 58.3% year-over-year and net income increasing 16.0%. This demonstrates the company’s continued ability to drive high-quality growth and profitability. Investors should evaluate FIRSTFARMS A/S for its potential to generate long-term value, with a focus on the company’s financial metrics and strategic initiatives. Additionally, investors should consider FIRSTFARMS A/S’ competitive positioning within the industry and evaluate the company’s performance relative to other market participants.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
