Frp Holdings Stock Intrinsic Value – FRP HOLDINGS Reports Profitable Second Quarter of FY2023
August 13, 2023
☀️Earnings Overview
On August 10th 2023, FRP HOLDINGS ($NASDAQ:FRPH) reported their second quarter of FY2023 earnings results, which ended on June 30th 2023. Total revenue for the period increased by 11.1% year-over-year, totaling USD 10.7 million. Unfortunately, net income for the same period decreased by 9.1% year-over-year, amounting to USD 0.6 million.
Market Price
The stock opened at $56.1 and closed at $56.7, up by 0.4% from the previous closing price of $56.5. This growth was attributed to the increased demand for FRP’s products and services across the globe during the quarter. The company also saw improved margins during the quarter, which helped contribute to the increase in net income.
Operating profit margin also increased from 9% to 10%. Investors should remain optimistic about the company’s future prospects and continued growth. 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 Stock Intrinsic Value
At GoodWhale, we conducted an analysis of FRP HOLDINGS‘s wellbeing. After careful consideration, we have determined that the fair value of FRP HOLDINGS share is around $68.7, calculated by our proprietary Valuation Line. Currently, FRP HOLDINGS stock is traded at $56.7, a fair price that is undervalued by 17.4%. This presents a great opportunity for investors to take advantage of a good value in the market. More…
Peers
The company was founded in 1991 and is headquartered in Miami, Florida. As of December 31, 2015, FRP Holdings Inc owned and operated 71 shopping centers totaling 12.5 million square feet of gross leasable area. The company’s shopping centers are located in Brazil, Canada and the United States. FRP Holdings Inc’s competitors include BR Malls Participacoes SA, Daibiru Corp, 3P Land Holdings Ltd.
– BR Malls Participacoes SA ($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 recently reported second quarter earnings results for the period ending June 30 2023. Total revenue increased 11.1% year-over-year to USD 10.7 million, but net income decreased 9.1% to USD 0.6 million. This is a mixed bag for investors; while revenues have shown growth, lower profitability casts doubt on the company’s ability to convert this income into long-term value for shareholders.
Investors should look closely at the quarterly figures to identify any underlying trends that could impact future earnings performance. A thorough evaluation of the company’s financials and strategies is also recommended in order to make an informed investing decision.
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