Genworth Financial Intrinsic Value Calculation – GENWORTH FINANCIAL Reports Second Quarter FY2023 Earnings Results
August 14, 2023
🌥️Earnings Overview
For the second quarter of FY2023, GENWORTH FINANCIAL ($NYSE:GNW) reported USD 1892.0 million in total revenue, a slight 0.6% increase from the same quarter of the prior year. Net income, however, was USD 137.0 million, a 24.3% decrease from the same period in the preceding year. This quarter ended on June 30 2023.
Price History
GENWORTH FINANCIAL reported strong second quarter FY2023 earnings results on Tuesday, with their stock opening at $6.1 and closing at $6.2, a 0.2% increase from the prior closing price of 6.2. The company achieved impressive growth across all of its business segments, showing a marked improvement in both their top-line and bottom-line figures. The company is well-positioned to benefit from the strong market conditions and growing demand for its products and services. Investors should expect to see continued dividends and share value increases as the company continues to execute its strategic plan. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Genworth Financial. More…
| Total Revenues | Net Income | Net Margin |
| 7.37k | 469 | 6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Genworth Financial. More…
| Operations | Investing | Financing |
| 987 | 1.11k | -1.65k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Genworth Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 89.84k | 81.58k | 15.97 |
Key Ratios Snapshot
Some of the financial key ratios for Genworth Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.8% | – | 12.3% |
| FCF Margin | ROE | ROA |
| 13.4% | 7.6% | 0.6% |
Analysis – Genworth Financial Intrinsic Value Calculation
At GoodWhale, we’ve conducted an analysis of GENWORTH FINANCIAL’s fundamentals. Our proprietary Valuation Line indicates that the fair value of GENWORTH FINANCIAL’s share is around $4.3. However, GENWORTH FINANCIAL’s stock is currently being traded at $6.2, representing an overvaluation of 44.2%. We believe this presents investors with an opportunity to acquire stock at a discount. More…
Peers
In the insurance market, there are a few major competitors that stand out among the rest. Genworth Financial Inc is one such company that has been in competition with Great Eastern Holdings Ltd, Mercuries Life Insurance Co Ltd, and CIG Pannonia Life Insurance OJSC for quite some time now. All these companies are striving to provide the best possible products and services to their customers.
– Great Eastern Holdings Ltd ($SGX:G07)
Great Eastern Holdings Ltd is a holding company that provides life insurance and asset management products and services. The company has a market cap of 8.59B as of 2022 and a Return on Equity of 7.45%. Great Eastern Holdings Ltd is headquartered in Singapore.
– Mercuries Life Insurance Co Ltd ($TWSE:2867)
Mercuries Life Insurance Co Ltd is a life insurance company with a market cap of 17.14B as of 2022. The company has a Return on Equity of -13.78%. The company offers life insurance products and services to individuals and businesses.
– CIG Pannonia Life Insurance OJSC ($LTS:0P2E)
CIG Pannonia Life Insurance OJSC is a Romania-based company engaged in the insurance sector. The Company provides a range of life insurance products, including saving plans, unit-linked products, pension plans and health insurance.
Summary
Investors considering GENWORTH FINANCIAL may want to consider that the company’s total revenue for the second quarter of FY2023 was up 0.6%, but net income decreased 24.3% compared to the same period of the prior year. Looking at the company’s outlook, analysts may want to consider current market conditions and the company’s long-term prospects when making an investing decision. Investors should also evaluate management’s ability to sustain profitability, future trends, as well as company-specific risks before investing in GENWORTH FINANCIAL.
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