Flowserve Corporation Intrinsic Value – FLOWSERVE CORPORATION Reports Record Earnings for Fiscal Year 2023 Second Quarter
August 9, 2023
🌥️Earnings Overview
On August 1, 2023, FLOWSERVE CORPORATION ($NYSE:FLS) reported their earnings for the fiscal year 2023 second quarter (ending June 30, 2023). Revenue for the quarter was USD 1080.4 million, a 22.5% increase from the same period last year. Additionally, net income grew 14.3% to USD 51.2 million, compared with the same period in the prior year.
Share Price
Its stock opened at $37.4 and closed at $37.9, representing a 0.4% increase from the prior closing price of $37.8. The positive news sent the stock price higher, as investors were pleased with the company’s financial performance. This marked a record high for the company, and it was attributed to strong performance in its core markets, as well as cost-cutting initiatives.
Overall, investors were pleased with FLOWSERVE CORPORATION‘s strong financial performance, and its stock price reflected their optimism. As the company continues to focus on cost management and expanding its core markets, it is likely that its stock price will remain buoyant in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Flowserve Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 3.97k | 237.7 | 6.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Flowserve Corporation. More…
| Operations | Investing | Financing |
| 81.74 | -9.92 | -104.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Flowserve Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.92k | 3k | 14.4 |
Key Ratios Snapshot
Some of the financial key ratios for Flowserve Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.8% | -1.1% | 6.9% |
| FCF Margin | ROE | ROA |
| 0.1% | 9.2% | 3.5% |
Analysis – Flowserve Corporation Intrinsic Value
At GoodWhale, we have conducted an in-depth analysis of FLOWSERVE CORPORATION‘s wellbeing. After assessing the current market condition and the company’s performance, our proprietary Valuation Line has determined that the fair value of FLOWSERVE CORPORATION share is around $36.8. Currently, FLOWSERVE CORPORATION stock is traded at $37.9, which is a fair price yet overvalued by 3.0%. As such, investors should be aware that, while the current price may offer an opportunity for steady returns, it is important to be conscious of the potential risks associated with this stock. More…
Peers
Its competitors include ITT Inc, Shanghai Zhenhua Heavy Industries Co Ltd, Sintokogio Ltd.
– ITT Inc ($NYSE:ITT)
3M’s market cap as of 2022 is 5.86B. The company has a return on equity of 12.81%. 3M is a diversified technology company that operates in a variety of industries, including healthcare, industrial, and consumer markets. The company’s products include adhesives, abrasives, laminates, and electro- and optical materials.
– Shanghai Zhenhua Heavy Industries Co Ltd ($SHSE:600320)
Shanghai Zhenhua Heavy Industries Co Ltd is a heavy industries company with a market cap of 14.22B as of 2022. The company has a return on equity of 7.11%. The company manufactures a range of products including cranes, construction machinery, and railway equipment. Shanghai Zhenhua Heavy Industries Co Ltd is a publicly traded company listed on the Shanghai Stock Exchange.
– Sintokogio Ltd ($TSE:6339)
Sintokogio Ltd is a Japanese company that manufactures automotive parts. As of 2022, the company has a market capitalization of 35.83 billion dollars and a return on equity of 2.76%. The company’s products include engine parts, suspension parts, and body parts.
Summary
Investors in Flowserve Corporation are likely optimistic about the company’s performance in the second quarter of 2023, as it reported total revenue of USD 1080.4 million and net income of USD 51.2 million, representing increases of 22.5% and 14.3%, respectively, from the same period last year. The strong growth in revenue and income bodes well for the company’s prospects going forward. Additionally, Flowserve Corporation has a long history of financial stability and a diversified portfolio, making it an attractive target for investors.
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