Loews Corporation Intrinsic Value Calculation – LOEWS CORPORATION Reports Second Quarter Earnings Results for FY2023
August 4, 2023
🌥️Earnings Overview
The second quarter of fiscal year 2023 saw LOEWS CORPORATION ($NYSE:L) report total revenue of USD 3833.0 million, representing a year-on-year increase of 13.4%. This brought their net income to USD 360.0 million, up by an impressive 100.0% from the same period in the prior year.
Share Price
On Monday, LOEWS CORPORATION released their second quarter earnings report for FY2023. The stock opened at $63.2 and closed at $62.6, closing up by 0.7% from its previous closing price of 62.2. The report showed overall growth with several key metrics showing improvement compared to the first quarter of FY2023. This increase was driven primarily by higher sales of LOEWS’ homebuilding, energy and hospitality businesses.
Overall, the second quarter earnings report for FY2023 paints a positive picture with growth across several key metrics. Investors should continue to keep an eye on LOEWS CORPORATION as the company continues to deliver solid results. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Loews Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 14.88k | 1.26k | 8.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Loews Corporation. More…
| Operations | Investing | Financing |
| 4.02k | -3.03k | -1.48k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Loews Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 77.35k | 61.88k | 64.58 |
Key Ratios Snapshot
Some of the financial key ratios for Loews Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.6% | – | 14.2% |
| FCF Margin | ROE | ROA |
| 22.7% | 9.1% | 1.7% |
Analysis – Loews Corporation Intrinsic Value Calculation
At GoodWhale, we’ve conducted an analysis of LOEWS CORPORATION’s fundamentals. According to our proprietary Valuation Line, the fair value of LOEWS CORPORATION share is around $64.1. Right now, LOEWS CORPORATION stock is traded at $62.6, making it a fair price which is currently undervalued by 2.4%. More…
Peers
The company was founded in 1919 and is headquartered in New York, New York. Loews operates through four segments: CNA Financial, Diamond Offshore Drilling, Boardwalk Pipeline Partners, and HighMount Exploration & Production. Some of Loews’ competitors include ACP Energy plc, E Split Corp., and Manzo Pharmaceuticals Inc.
– ACP Energy PLC ($LSE:ACPE)
BP Chargemaster PLC is a United Kingdom-based company, which is engaged in providing electric vehicle (EV) charging solutions. The Company offers a range of services for businesses, including the design, installation and maintenance of EV charge points, as well as the management of charging infrastructure. It also provides residential customers with a range of products and services for the home, including home chargers, subscription-based products and pay-as-you-go services. The Company’s segments include UK home, UK workplace, UK fleet and rest of world.
– E Split Corp. ($TSX:ENS)
First Quantum Minerals Ltd. is a Canadian mining company with operations in Zambia, Panama, and Australia. The company has a market cap of 264.59M as of 2022. First Quantum Minerals is primarily a copper producer, with operations in Zambia, Panama, and Australia. The company also produces nickel, gold, and silver.
– Manzo Pharmaceuticals Inc ($OTCPK:MNZO)
Manzo Pharmaceuticals Inc is a pharmaceutical company with a market cap of 262.27k as of 2022 and a return on equity of -81.22%. The company specializes in the development and commercialization of innovative drugs for the treatment of various diseases and disorders.
Summary
Investors should take note of Loews Corporation‘s impressive Q2 FY2023 results, with total revenue increasing by 13.4% year-on-year and net income soaring 100.0% from the previous year. This is a clear indication of Loews Corporation’s strong financial performance, indicating increased profitability and a positive outlook for the future. The company’s success is likely driven by its investments in a variety of industries, including energy, hospitality, and insurance. Overall, the company’s results demonstrate a positive outlook and investors should consider this when evaluating potential investments.
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