Loews Corporation Stock Intrinsic Value – LOEWS CORPORATION Reports Second Quarter FY2023 Earnings Results on July 31 2023
August 9, 2023
🌥️Earnings Overview
On July 31 2023, LOEWS CORPORATION ($NYSE:L) announced their earnings report for the quarter ending June 30 2023. The total revenue for this period was USD 3833.0 million, showing a rise of 13.4% from the same quarter of the previous fiscal year. Furthermore, their net income for the quarter was USD 360.0 million, which was an increase of 100.0% compared to the same quarter of the prior year.
Share Price
On Monday, July 31 2023, LOEWS CORPORATION reported second quarter FY2023 earnings results. The stock opened at $63.2 and closed at $62.6, up by 0.7% from last closing price of 62.2. The strong performance was attributed to increased sales from the company’s hotel business and higher consumer demand for its products.
Overall, LOEWS CORPORATION delivered strong second quarter earnings results and the stock price reacted positively to the news. Investors were pleased with the company’s performance and optimistic about the future prospects of the company. 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 Stock Intrinsic Value
At GoodWhale, we’ve been taking a close look at LOEWS CORPORATION and analyzing its financials. Our proprietary Valuation Line has determined that the intrinsic value of the company’s share is around $64.2. Currently, LOEWS CORPORATION stock is trading at $62.6 – a fair price that is slightly undervalued by 2.5%. This represents an opportunity to secure long-term value for investors. More…
Peers
The company was founded in 1919 and is headquartered in New York, New York. Loews operates through four segments: CNA Financial, Diamond Offshore Drilling, Boardwalk Pipeline Partners, and HighMount Exploration & Production. Some of Loews’ competitors include ACP Energy plc, E Split Corp., and Manzo Pharmaceuticals Inc.
– ACP Energy PLC ($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 in Loews Corporation should be pleased with the company’s second quarter of FY 2023 results. Total revenue increased 13.4% year-over-year to $3833.0 million, while net income rose 100.0% to $360.0 million. This indicates that the company is executing well on its growth strategies while also improving profitability, resulting in a substantial increase in shareholder value. Going forward, investors should focus on the company’s ability to maintain its impressive financial performance as it continues to grow.
