INCITEC PIVOT Reports Second Quarter Earnings Results for FY2023
May 25, 2023
Earnings Overview
On May 17, 2023, INCITEC PIVOT ($BER:I5P) reported total revenue for the second quarter of FY2023, ending March 31 of the same year, at AUD 2606.6 million – a 2.3% increase compared to the same period in the prior year. However, net income for the quarter was AUD 353.6 million – a 7.9% decrease year over year.
Stock Price
On Wednesday, INCITEC PIVOT reported their second-quarter earnings results for FY2023, which showed a decline in net profits. The stock opened at €1.8 and closed at the same price, a drop of 8.4% from the prior closing price of €1.9. INCITEC PIVOT attributed the decline in profits to an increase in costs, due to their expanding operations and the continued volatility of global commodity prices. The company’s CEO stated that despite the short-term setback, they remain confident in their long-term growth prospects and are taking steps to address the current challenges. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Incitec Pivot. More…
| Total Revenues | Net Income | Net Margin |
| 6.37k | 983.2 | 11.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Incitec Pivot. More…
| Operations | Investing | Financing |
| 1.32k | -625.7 | -578.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Incitec Pivot. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.33k | 4.05k | 3.23 |
Key Ratios Snapshot
Some of the financial key ratios for Incitec Pivot are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.6% | 54.9% | 17.8% |
| FCF Margin | ROE | ROA |
| 12.9% | 11.3% | 6.9% |
Analysis
At GoodWhale, we have conducted an analysis of INCITEC PIVOT‘s wellbeing. The Star Chart shows that the company is strong in terms of dividend and growth, and medium in terms of asset and profitability. As such, we have classified INCITEC PIVOT as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth, but is less stable due to lower profitability. This could be attractive to investors who are looking for potential short-term gains. In terms of health, INCITEC PIVOT has scored 9/10, which is indicative of its ability to pay off debt and fund future operations through positive cashflows and debt management. Therefore, we can confidently state that INCITEC PIVOT is a healthy company in terms of its financial performance. More…
Summary
INCITEC PIVOT reported their earnings results for the second quarter of FY2023, with total revenue increasing by 2.3% and net income decreasing by 7.9%. This resulted in the stock price moving down on the same day. The overall performance of INCITEC PIVOT has been mixed, suggesting potential investment risks. Investors should carefully consider market trends and company fundamentals before investing in INCITEC PIVOT as the stock may be volatile in the near future.
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