Genie Energy Stock Fair Value Calculation – GENIE ENERGY Reports Second Quarter FY2023 Earnings Results
August 26, 2023
☀️Earnings Overview
For the second quarter of FY2023, GENIE ENERGY ($NYSE:GNE) reported total revenue of USD 93.5 million, a 24.6% increase from the same quarter of the prior year. Despite this, net income decreased 56.0% year over year to USD 15.2 million.
Price History
On Monday, GENIE ENERGY reported their second quarter FY2023 earnings results. The company’s stock opened at $14.1 and closed at $14.6, a rise of 6.7% from its last closing price of 13.7. Investors reacted positively to the news, with the market showing confidence in the company’s performance and future prospects. This was in line with analyst expectations, and was driven by cost-cutting measures across the board. On top of this, GENIE ENERGY reported that they are making progress on their long-term strategies, such as broadening their product range and expanding their customer base.
This was supported by strong cash flow and improved operational efficiency, which contributed to the positive results in the second quarter of FY2023. Overall, GENIE ENERGY’s second quarter earnings report was a success, with the company showing strong growth and progress towards their long-term strategies. This news has boosted investor confidence in the company, and the market is now anticipating even better results for the rest of the fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Genie Energy. More…
| Total Revenues | Net Income | Net Margin |
| 340.72 | 63.74 | 8.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Genie Energy. More…
| Operations | Investing | Financing |
| 73.37 | 0.79 | -23.97 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Genie Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 285.96 | 89.97 | 7.62 |
Key Ratios Snapshot
Some of the financial key ratios for Genie Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.7% | 13.7% | 11.1% |
| FCF Margin | ROE | ROA |
| 21.1% | 11.6% | 8.3% |
Analysis – Genie Energy Stock Fair Value Calculation
At GoodWhale, we have done an extensive analysis of the fundamentals of GENIE ENERGY. Our proprietary Valuation Line has determined the intrinsic value of GENIE ENERGY share to be around $12.0. Currently, the stock is trading at $14.6, meaning it is overvalued by 22.0%. We recommend investors to take this into account before making any investment decisions. More…
Peers
The company operates in three segments: Retail Energy, Distribution, and Resources. Genie Energy‘s competitors include Just Energy Group Inc, CMS Energy Corp, and American Energy Partners Inc.
– Just Energy Group Inc ($TSXV:JE)
CMS Energy Corporation is an American utility company that provides electric and gas service in the state of Michigan. The company operates through three segments: electric utility, gas utility, and enterprises. The electric utility segment engages in the generation, transmission, and distribution of electricity. The gas utility segment engages in the purchase, storage, transportation, and distribution of natural gas. The enterprises segment engages in the development and operation of independent power production facilities, and the provision of energy marketing and trading services.
The company has a market capitalization of 16.81 billion as of 2022 and a return on equity of 12.15%. CMS Energy Corporation is headquartered in Jackson, Michigan.
– CMS Energy Corp ($NYSE:CMS)
American Energy Partners, Inc. focuses on the acquisition and development of unconventional oil and natural gas resources in the United States. The company was formerly known as American Energy – Appalachia, LLC and changed its name to American Energy Partners, Inc. in July 2014. American Energy Partners, Inc. was founded in 2013 and is headquartered in Oklahoma City, Oklahoma.
Summary
GENIE ENERGY has reported its second quarter earnings for FY2023, showing a 24.6% increase in total revenue compared to the same period the previous year.
However, net income has decreased by 56.0%, falling to USD 15.2 million. The market reacted positively to the results, with the stock price increasing on the day of the announcement. Investors should consider the overall financial performance when considering investment in GENIE ENERGY, with a focus on longer-term trends in revenue and net income. Analyzing the company’s performance relative to competitors may also provide a better understanding of their current value and potential future growth.
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