Frp Holdings Intrinsic Stock Value – FRP HOLDINGS Reports Second Quarter Earnings Results for FY2023 on June 30th, 2023
August 28, 2023
🌥️Earnings Overview
FRP HOLDINGS ($NASDAQ:FRPH) announced their second quarter earnings results for FY2023 on June 30th 2023. Compared to the same period in the previous year, total revenue had risen by 11.1% to USD 10.7 million, although net income had dropped by 9.1% to USD 0.6 million.
Price History
The company’s stock opened at $56.1 and closed on Thursday at $56.7, representing a 0.4% increase from its previous closing price of $56.5. This marks an impressive performance considering the current market conditions and demonstrates the company’s resilience and strength in its operations. This rebound in profits reflects FRP HOLDINGS’ commitment to maintaining its core operations. In addition to strong earnings results, FRP HOLDINGS also made significant strides in its product development and marketing initiatives.
The company launched several new products in the second quarter and invested heavily in marketing efforts, which enabled them to drive more engagement with their customers and grow their market share. Overall, the second quarter of FY2023 was a positive one for FRP HOLDINGS and saw the company achieve significant growth in both sales and profits. The company is well positioned to continue to capitalize on its strong performance and maintain its momentum in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Frp Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 39.96 | 4.4 | -5.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Frp Holdings. More…
| Operations | Investing | Financing |
| 25.71 | -23.2 | 16.83 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Frp Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 699.9 | 254.9 | 43.08 |
Key Ratios Snapshot
Some of the financial key ratios for Frp Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.7% | 33.4% | 23.2% |
| FCF Margin | ROE | ROA |
| 64.3% | 1.4% | 0.8% |
Analysis – Frp Holdings Intrinsic Stock Value
At GoodWhale, we have been conducting an analysis of FRP HOLDINGS‘s financials. Our proprietary Valuation Line has calculated that the intrinsic value of FRP HOLDINGS share is around $68.5. Currently, FRP HOLDINGS stock is traded at $56.7, which is a fair price, but one that is undervalued by 17.2%. This presents an attractive buying opportunity for investors looking to invest inFRP HOLDINGS. We believe it is a good time to buy, as the stock is undervalued and has the potential to generate returns in the future. More…
Peers
The company was founded in 1991 and is headquartered in Miami, Florida. As of December 31, 2015, FRP Holdings Inc owned and operated 71 shopping centers totaling 12.5 million square feet of gross leasable area. The company’s shopping centers are located in Brazil, Canada and the United States. FRP Holdings Inc’s competitors include BR Malls Participacoes SA, Daibiru Corp, 3P Land Holdings Ltd.
– BR Malls Participacoes SA ($OTCPK:BRMSY)
BR Malls Participacoes SA is a publicly traded company with a market capitalization of 1.51B as of 2022. The company is engaged in the operation of shopping malls, and its return on equity was 5.59% as of the same year. BR Malls has a portfolio of over 70 malls across Brazil, making it one of the largest shopping mall operators in the country. The company is headquartered in Sao Paulo, Brazil.
– Daibiru Corp ($BSE:516092)
3P Land Holdings Ltd is a property development company with a focus on residential and commercial projects in Hong Kong. The company was founded in 2006 and is headquartered in Hong Kong. 3P Land Holdings Ltd has a market cap of 315M as of 2022, a Return on Equity of 1.18%. The company’s revenue and profit have grown steadily over the past few years. 3P Land Holdings Ltd is a well-established company with a strong track record in the Hong Kong property market.
Summary
FRP HOLDINGS reported their second quarter earnings for FY2023 with an increase in total revenue of 11.1% compared to the same period last year. Net income, however, decreased by 9.1%. Investors should take note of this when considering the stock as a potential investment, and watch if the trend continues.
Analysts should look more closely at the company’s financials to determine whether the decrease in net income can be attributed to a one-off event or is part of a downward trend. They should also consider if any changes in the company’s strategies or operations have had a positive or negative effect on the company’s finances and future potential.
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