FNF Intrinsic Value Calculator – FIDELITY NATIONAL FINANCIAL Reports Q2 FY2023 Earnings Results on August 8 2023
October 21, 2023
🌥️Earnings Overview
FIDELITY NATIONAL FINANCIAL ($NYSE:FNF) released its financial report for the second quarter of FY2023, which concluded on June 30 2023, on August 8 2023. The company experienced a 16.6% rise in total revenue, reaching USD 3068.0 million. However, its net income shrank by 42.7% compared to the corresponding period the year before, yielding a figure of USD 219.0 million.
Stock Price
On Tuesday, August 8, 2023, FIDELITY NATIONAL FINANCIAL released its earnings report for the second quarter of fiscal year 2023. Shares of FIDELITY NATIONAL FINANCIAL opened at $39.4 and closed at $39.6, down by 0.6% from their previous closing price of $39.9. Analysts were generally positive about the financial report, with some predicting continued growth for the company in the future. FIDELITY NATIONAL FINANCIAL has a strong presence in the global financial sector and its strong financial performance reflects this.
Despite the slight dip in share price, investors remain optimistic about the company’s long-term prospects. Investors will be closely monitoring FIDELITY NATIONAL FINANCIAL’s performance in the coming quarters to see if their earnings reports can continue to outpace their competitors and keep shareholders’ pockets full. With many economic and political uncertainties currently in play, FIDELITY NATIONAL FINANCIAL’s strong financial position provides investors with reassurance that their investments are secure. 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 |
| 11.36k | 517 | 4.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FNF. More…
| Operations | Investing | Financing |
| 5.11k | -10.52k | 4.09k |
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 |
| 73.02k | 66.34k | 22.75 |
Key Ratios Snapshot
Some of the financial key ratios for FNF are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | – | 7.4% |
| FCF Margin | ROE | ROA |
| 43.8% | 8.5% | 0.7% |
Analysis – FNF Intrinsic Value Calculator
GoodWhale provides an analysis of FIDELITY NATIONAL FINANCIAL’s financials. Our proprietary Valuation Line estimates the fair value of FIDELITY NATIONAL FINANCIAL’s share to be around $43.8. Currently, FIDELITY NATIONAL FINANCIAL stock is traded at $39.6, which is a 9.6% discount on the fair value. This suggests that the stock is undervalued and investors can gain a margin of safety by investing in it. More…
Peers
The competition among Fidelity National Financial Inc and its competitors is fierce. Each company is looking to gain market share and increase profits. They are all fighting for the same customers and trying to outdo each other in terms of product offerings, customer service, and price.
– First Acceptance Corp ($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
Investors analyzing Fidelity National Financial should note that the company reported USD 3068.0 million in total revenue for Q2 of FY2023, a 16.6% increase from the same period the previous year. However, net income was USD 219.0 million, a decrease of 42.7% year-over-year. FNF’s stock performance has been mixed over the past six months, though the company has seen some positive momentum in recent weeks, as investors weigh the good growth in revenue with the decline in net income. In order to make a more informed investment decision, investors should continue to monitor FNF’s financial performance in upcoming quarters to fully assess the company’s financial health.
