Kosmos Energy Intrinsic Value Calculator – KOSMOS ENERGY Reports Third Quarter Fiscal Year 2023 Earnings Results on November 6
November 21, 2023
☀️Earnings Overview
On November 6 2023, KOSMOS ENERGY ($NYSE:KOS) announced their earnings results for the third quarter of fiscal year 2023, which ended on September 30 of that same year. Total revenue rose by 15.4% from the same quarter in the previous fiscal year, reaching USD 526.4 million. Unfortunately, net income declined by 61.7%, settling at USD 85.2 million.
Price History
At the start of the day, KOSMOS ENERGY stock opened at $7.6, but by the end of the day it had dropped to $7.1, a decrease of 6.6% from its previous closing price of $7.6. This is a significant decline considering that the company reported higher than expected earnings for the quarter. The company attributed this to higher oil production and increased sales volumes. KOSMOS ENERGY also reported that its operating expenses were up 7.6% year-over-year due to higher costs associated with drilling and seismic activity.
Despite these higher expenses, the company was still able to report higher net income than in the previous quarter as a result of its increased production and sales volumes. Overall, KOSMOS ENERGY reported strong earnings results for the third quarter, but their stock price dropped 6.6% on Monday after the announcement, likely due to market forces and investor sentiment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kosmos Energy. More…
| Total Revenues | Net Income | Net Margin |
| 1.7k | 77.56 | 25.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kosmos Energy. More…
| Operations | Investing | Financing |
| 738.63 | -888.36 | 59.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kosmos Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.97k | 3.97k | 2.17 |
Key Ratios Snapshot
Some of the financial key ratios for Kosmos Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.3% | 66.0% | 14.0% |
| FCF Margin | ROE | ROA |
| -6.9% | 15.7% | 3.0% |
Analysis – Kosmos Energy Intrinsic Value Calculator
GoodWhale has conducted an extensive analysis of the wellbeing of KOSMOS ENERGY. Our proprietary Valuation Line indicates that the intrinsic value of KOSMOS ENERGY share is around $5.3. Presently, KOSMOS ENERGY stock is traded at $7.1, overvalued by a significant 33.6%. We believe that investors should consider this overvaluation when making their investment decisions. More…
Peers
Kosmos Energy Ltd is an international oil and gas exploration and production company with a focus on West Africa. The company’s competitors include Madagascar Oil Ltd, Longboat Energy PLC, and Action Energy Inc.
– Madagascar Oil Ltd ($LSE:LBE)
Longboat Energy PLC is an oil and gas exploration and production company with operations in the UK, Norway, and the Netherlands. The company has a market capitalization of 26.92 million as of 2022 and a return on equity of -20.65%. Longboat Energy is engaged in the exploration, development, and production of oil and gas properties. The company’s primary focus is on the development of the Greater Dunnagore Area in the UK North Sea.
Summary
KOSMOS ENERGY reported their third quarter of FY2023 earnings on November 6, showing a 15.4% year-over-year increase in revenue to USD 526.4 million, while net income decreased 61.7% to USD 85.2 million. In response, the stock price dropped the same day. Investors should take into account the current financial performance of the company when considering investing in KOSMOS ENERGY, specifically the decrease in net income and the corresponding fall in stock price. Going forward, it will be important to monitor any future developments in terms of revenue and profit, to ensure that investing in KOSMOS ENERGY remains a viable option.
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