GEO ENERGY RESOURCES Reports Second Quarter Earnings Results for FY2023
August 12, 2023
☀️Earnings Overview
On August 10 2023, GEO ENERGY RESOURCES ($SGX:RE4) released its earnings report for the second quarter of FY2023, ending June 30 2023. The company’s total revenue for the period stood at USD 107.9 million, a 50.1% drop compared to the same quarter in the prior year. Net income was USD 11.1 million, which was 82.7% lower than the same period last year.
Share Price
The stock opened at SG$0.2 and closed at SG$0.2, up by an impressive 2.3% from its previous closing price. This is a great indication that the company is continuing to make substantial progress in the industry. The company reported an increase in revenue and profits, indicating a successful quarter overall. This demonstrates that the company is seeing positive trends in their various business segments. Furthermore, GEO ENERGY RESOURCES’ cash flow remained strong throughout the quarter, providing a solid foundation to help fund future growth.
With a solid financial position, the company is well-positioned to capitalize on future opportunities and capitalize on their success in the energy sector. The company has a strong financial position and is well-positioned to continue to drive growth in the future. Shareholders are likely pleased with the outcome of this quarter, and can expect continued success from GEO ENERGY RESOURCES in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RE4. More…
| Total Revenues | Net Income | Net Margin |
| 604.91 | 83.72 | 13.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RE4. More…
| Operations | Investing | Financing |
| 72.81 | -6.12 | -88.68 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RE4. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 505.17 | 117.79 | 0.28 |
Key Ratios Snapshot
Some of the financial key ratios for RE4 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.5% | 63.3% | 21.8% |
| FCF Margin | ROE | ROA |
| 10.3% | 20.8% | 16.3% |
Analysis
GoodWhale has conducted an analysis of GEO ENERGY RESOURCES’s fundamentals and according to our Star Chart, GEO ENERGY RESOURCES has a high health score of 8/10 considering its cashflows and debt. This indicates that GEO ENERGY RESOURCES is capable of paying off debt and funding future operations. Furthermore, we rated GEO ENERGY RESOURCES as strong in assets and growth, medium in profitability, and weak in dividend. Based on these results, we classify GEO ENERGY RESOURCES as ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. We believe that investors who are looking for moderate or steady growth companies would be interested in GEO ENERGY RESOURCES. It has a strong balance sheet with good cash flow and is capable of funding future operations. Moreover, investors looking for companies that have recently undergone significant asset growth would also be attracted to GEO ENERGY RESOURCES. More…
Peers
Geo Energy Resources Ltd is an established energy company that provides a variety of services related to coal mining, production, and exploration. It competes with other large energy companies such as Golden Energy and Resources Ltd, PT Dwi Guna Laksana Tbk, and PT Golden Energy Mines Tbk. These organisations are all significant players in the energy market, providing services related to energy production, mining, and exploration.
– Golden Energy and Resources Ltd ($SGX:AUE)
Golden Energy and Resources Ltd is a Singapore-based coal mining company that operates in Indonesia. With a market capitalization of 2.07B as of 2023, it is one of the largest coal miners in the region. The company’s return on equity (ROE) stands at 101.67%, showing a strong performance in terms of profitability and financial management. It is well-positioned to capitalize on the growing demand for energy and resources in the region.
– PT Dwi Guna Laksana Tbk ($IDX:DWGL)
PT Dwi Guna Laksana Tbk is a leading Indonesian company and one of the largest publicly traded companies on the Jakarta Stock Exchange. The company is engaged in the exploration and production of oil and gas, as well as downstream activities such as refining and marketing of products. As of 2023, the company had a market cap of 1.72T and a Return on Equity (ROE) of 45.14%. This indicates that the company is able to generate higher returns for investors as compared to its peers. Investors have confidence in the company’s ability to generate returns, as evidenced by its market cap and ROE.
– PT Golden Energy Mines Tbk ($IDX:GEMS)
PT Golden Energy Mines Tbk is a leading coal mining company with a market capitalization of 40.15T as of 2023. The company’s return on equity (ROE) stands at 108.83%. PT Golden Energy Mines Tbk is an integrated energy company and one of the largest coal mining companies in Indonesia. It produces thermal coal from its mining sites which are located in Jambi, South Sumatra, Central Kalimantan, West Kalimantan and South Kalimantan. The company has a strong portfolio of coal concessions which provides a stable and reliable supply of coal to its customers in Indonesia and other countries.
Summary
GEO ENERGY RESOURCES reported a decreased financial performance compared to the same quarter of the previous year. Total revenue for the second quarter of FY2023 was USD 107.9 million, a 50.1% decrease from the previous year, while net income was USD 11.1 million, a 82.7% decrease in the same period. As such, investors should consider GEO ENERGY RESOURCES’ financial performance and outlook carefully before deciding whether or not it is a suitable investment option. Additionally, investors should also consider the potential risks associated with investing in GEO ENERGY RESOURCES, such as market volatility, competition, and changing regulatory and economic conditions.
