FNF Intrinsic Stock Value – FIDELITY NATIONAL FINANCIAL Reports Q3 Earnings Results for FY2023
December 6, 2023
🌥️Earnings Overview
On November 7, 2023, FIDELITY NATIONAL FINANCIAL ($NYSE:FNF) reported their fiscal year 2023 third quarter earnings, with the end date of September 30, 2023. The company saw a 13.4% decrease in total revenue to USD 2778.0 million, yet their net income increased by 47.4%, amounting to USD 426.0 million.
Price History
FIDELITY NATIONAL FINANCIAL (FNF) reported its third-quarter earnings results for fiscal year 2023 on Tuesday. The company’s stock opened at $41.4 and closed at $42.0, representing a 0.4% increase from the previous day’s closing price of $41.8. This is the second consecutive quarter that FNF has seen a rise in its stock prices.
This is reflective of FNF’s successful financial performance during the quarter. Investors are likely to continue to see positive returns from FNF’s stock in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FNF. More…
| Total Revenues | Net Income | Net Margin |
| 10.7k | 423 | 4.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FNF. More…
| Operations | Investing | Financing |
| 5.59k | -8.39k | 3.54k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FNF. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 74k | 67.42k | 22.63 |
Key Ratios Snapshot
Some of the financial key ratios for FNF are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | – | 7.1% |
| FCF Margin | ROE | ROA |
| 51.0% | 7.7% | 0.6% |
Analysis – FNF Intrinsic Stock Value
At GoodWhale, we have conducted a comprehensive analysis on FIDELITY NATIONAL FINANCIAL’s fundamentals. After careful consideration, we have determined that the intrinsic value of FIDELITY NATIONAL FINANCIAL share is around $43.9, determined by our proprietary Valuation Line. Interestingly, FIDELITY NATIONAL FINANCIAL stock is currently being traded at $42.0, meaning it is undervalued by 4.3%. This suggests that now could be an ideal time to invest in this company. More…
Peers
The competition among Fidelity National Financial Inc and its competitors is fierce. Each company is looking to gain market share and increase profits. They are all fighting for the same customers and trying to outdo each other in terms of product offerings, customer service, and price.
– First Acceptance Corp ($OTCPK:FACO)
First Acceptance Corporation is a provider of personal and commercial insurance products, including auto, homeowner’s, life, health, and commercial insurance. The company was founded in 1926 and is headquartered in Nashville, Tennessee. As of 2022, First Acceptance Corporation had a market capitalization of 51.52 million and a return on equity of -12.16%. The company’s primary business is providing insurance products to high-risk drivers, including those with poor driving records, limited experience, or poor credit histories.
– First American Financial Corp ($NYSE:FAF)
First American Financial Corp is a provider of title insurance, settlement services and risk solutions for real estate transactions in the United States. The company has a market cap of 4.63B as of 2022 and a return on equity of 15.64%. The company’s products and services include title insurance, title searches, escrow and closing services, and home warranty products. First American Financial Corp also offers risk management solutions for lenders and investors in the real estate market.
– Tiptree Inc ($NASDAQ:TIPT)
Tiptree Inc. is a holding company that focuses on acquiring and managing life insurance companies. The company was founded in 2006 and is headquartered in New York, New York. As of 2022, Tiptree had a market capitalization of 429.89 million and a return on equity of 9.05%. The company’s primary subsidiaries are Tiptree Financial Partners, L.P. and Tiptree Insurance Holding Company, LLC. Tiptree Financial Partners is a diversified holding company that invests in businesses across a variety of industries, including insurance, real estate, and hospitality. Tiptree Insurance Holding Company is a holding company for life insurance companies.
Summary
Fidelity National Financial (FNF) released its third quarter earnings results for the fiscal year 2023, with a total revenue of USD 2778.0 million. This is a decrease of 13.4% year over year. Net income saw a significant improvement of 47.4%, to USD 426.0 million, which is a sign of increased investor confidence in the company.
There appears to be great potential for investors looking to invest in FNF as the company has seen improved performance in its key metrics. With prospects for further expansion, FNF is expected to be an attractive stock for investors in the coming quarters.
