IVECO GROUP Reports 10.6% Increase in Total Revenue and 135.3% Increase in Net Income for Q1 2023
May 27, 2023
Earnings Overview
On May 11 2023, the IVECO GROUP ($BER:R3D) reported total revenue of EUR 3328.0 million for the first quarter ending March 31 2023, showing a year-on-year increase of 10.6%. Net income for the same period also increased to EUR 6.0 million, a 135.3% increase compared to the same quarter of the previous year.
Analysis
GoodWhale has conducted an analysis of IVECO GROUP‘s fundamentals and the findings are presented in a Star Chart. The Star Chart reveals that IVECO GROUP has an intermediate health score of 6/10 when considering its cashflows and debt, suggesting that IVECO GROUP might be able to sustain operations even in times of crisis. When considering the individual categories, IVECO GROUP is strong in asset, medium in growth, profitability and weak in dividend. From our analysis, IVECO GROUP is classified as a ‘cheetah’, a type of company which has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be of interest to investors who are looking for short-term gains, such as growth investors or momentum investors, who focus on stocks that have had recent strong performance. However, these types of investors should be aware of the instability of the company. For those looking for more long-term investments, it might be prudent to consider other options with more stability, such as blue chip stocks or those with higher dividend yields. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Iveco Group. More…
| Total Revenues | Net Income | Net Margin |
| 14.48k | 170 | 1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Iveco Group. More…
| Operations | Investing | Financing |
| 1k | -1.5k | 710 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Iveco Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.05k | 13.67k | 6.74 |
Key Ratios Snapshot
Some of the financial key ratios for Iveco Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.8% | -5.2% | 3.4% |
| FCF Margin | ROE | ROA |
| 1.2% | 13.2% | 1.9% |
Peers
With a long and proud history of innovation, Iveco Group NV produces high-quality vehicles that are tailored to meet the needs of their customers. Despite this, their competitors continue to challenge them with their own advancements in technology and design. As such, the competition between these companies is intense and unrelenting, and is bound to continue into the future.
– CIMC Vehicles (Group) Co Ltd ($SEHK:01839)
CIMC Vehicles (Group) Co Ltd is a Chinese automotive manufacturer, specializing in commercial vehicles. The company has a market cap of 23.17B as of 2023 and a Return on Equity (ROE) of 7.83%. The market cap shows the value of the company and its size in the market – 23.17 billion dollars is indicative of a company that is performing well. The ROE indicates how well the company is using its retained earnings to generate profits – 7.83% is a relatively good score.
– Traton SE ($BER:8TRA)
Traton SE is an international commercial vehicle manufacturer headquartered in Munich, Germany. It is a subsidiary of Volkswagen AG and the world’s largest producer of commercial vehicles and buses. Traton SE has a market cap of 9.7B as of 2023, making it one of the largest publicly traded companies in the world. Its Return on Equity (ROE) of 9.61% indicates that Traton SE has been able to generate significant returns on its shareholders’ investments. Traton SE manufactures a wide range of commercial vehicles and buses for distribution in Europe, Asia, North America, and South America. The company develops and produces vans, light trucks, special vehicles, buses, and construction machinery. Traton SE is committed to developing reliable, efficient, and environmentally friendly commercial vehicles and buses.
– Qingling Motors Co Ltd ($SEHK:01122)
Qingling Motors Co Ltd is a Chinese automotive manufacturer which specializes in the production of light passenger and commercial vehicles. As of 2023, the company has a market cap of 2.01B, indicating a strong presence in the automotive industry. Its Return on Equity (ROE) is -0.29%, meaning that for every dollar of shareholder’s equity, the company is generating a loss of $0.29. Qingling Motors Co Ltd operates several joint ventures with global automobile makers, and has been producing vehicles since 1997. The company has a wide variety of vehicle models available, ranging from luxury SUVs to small commercial vans.
Summary
IVECO GROUP reported strong financial results for the first quarter ending March 31, 2023: total revenue increased 10.6% year-over-year to EUR 3328.0 million, while net income jumped 135.3% to EUR 6.0 million. Despite these positive indicators, the company’s stock price moved down on May 11th. This could be indicative of investors expecting a higher rate of growth, or a sign that the market is adjusting its expectations for the company. Consequently, investors should consider monitoring IVECO GROUP’s performance in the coming quarters to gain more clarity on its future outlook.
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