Golar Lng Stock Intrinsic Value – GOLAR LNG Announces Record-Breaking Earnings Results for FY2023 Q3
November 29, 2023
🌥️Earnings Overview
GOLAR LNG ($NASDAQ:GLNG) announced their earnings results for the third quarter of FY2023 which ended on 30th September 2023. Total revenue for the quarter was USD 67.2 million, representing a decrease of 2.0% compared to the same period in the previous year. Net income for the quarter was USD 92.5 million, a decrease of 34.5% compared to the year before.
Share Price
The stock opened at $21.9 and closed at $20.8, a drop of 5.6% from its previous closing price of 22.0. This marks the first time in the company’s history that they have achieved record-breaking earnings results in the third quarter of the fiscal year. GOLAR LNG’s CEO stated that despite the current market volatility, they have managed to maintain their position as a leader in the LNG market and are confident in their ability to continue creating value for shareholders in the long term. The company aims to build on these results and continue to expand their presence in the LNG markets in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Golar Lng. More…
| Total Revenues | Net Income | Net Margin |
| 277.89 | 57.49 | 23.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Golar Lng. More…
| Operations | Investing | Financing |
| 241.99 | 401.23 | -412.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Golar Lng. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.03k | 1.37k | 20.33 |
Key Ratios Snapshot
Some of the financial key ratios for Golar Lng are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -15.4% | -32.6% | 33.2% |
| FCF Margin | ROE | ROA |
| -0.4% | 2.7% | 1.4% |
Analysis – Golar Lng Stock Intrinsic Value
At GoodWhale, we are proud to provide analysis on Golar LNG’s fundamentals and to offer our proprietary Valuation Line for the company. Our analysis has revealed that the fair value of Golar LNG’s share is around $27.6, yet currently the stock is traded at $20.8. This indicates that Golar LNG is currently undervalued by 24.7%, creating a great opportunity for investors. All in all, this could be an attractive option for those looking to add a strong business to their investments. More…
Peers
The competition between Golar LNG Ltd and its competitors is fierce. Each company is vying for a share of the market and customers. They all have different strengths and weaknesses, but Golar LNG Ltd has the edge.
– Fluxys Belgium SA ($LTS:0Q7U)
Fluxys Belgium SA is a leading gas infrastructure company in Belgium. The company has a market capitalization of 2.23 billion as of 2022 and a return on equity of 14.4%. Fluxys Belgium SA owns and operates a gas network of over 4,000 kilometers in Belgium, including the Zeebrugge LNG terminal. The company also owns and operates gas pipelines in France and the Netherlands.
– Genesis Energy LP ($NYSE:GEL)
Genesis Energy LP is a publicly traded limited partnership that engages in the midstream energy business in the United States. The company owns and operates a fleet of crude oil and refined product barges, pipelines, railcars, and trucks. It also owns and operates terminal facilities and a refinery. The company was founded in 1985 and is headquartered in Houston, Texas.
– EnLink Midstream LLC ($NYSE:ENLC)
EnLink Midstream LLC is a company that owns, operates, and develops midstream energy infrastructure in the United States. The company has a market cap of $5.72 billion as of 2022 and a return on equity of 26.4%. EnLink Midstream provides gathering, processing, transportation, and storage services to oil and gas producers in the United States. The company was founded in 2014 and is headquartered in Dallas, Texas.
Summary
Golar LNG reported their earnings results for Q3 ending September 30th, 2023, with total revenue of USD 67.2 million and net income of USD 92.5 million. This represents a decrease of 2.0% in revenue and 34.5% in net income compared to the same period the year before. Investors should note that the stock price decreased the same day, which could indicate weak performance in the short-term.
However, investors should look beyond earnings to see if Golar LNG has the potential for future growth. Analyzing factors such as share price to earnings ratio, dividend yield, and debt to equity ratio can give a more complete picture of the company’s financial health. Investors should also take time to study trends and news related to Golar LNG to assess its future prospects.
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