Manhattan Resources Intrinsic Stock Value – MANHATTAN RESOURCES Reports Second Quarter Earnings for 2023 on August 8
August 17, 2023
🌥️Earnings Overview
On August 8 2023, MANHATTAN RESOURCES ($SGX:L02) released its earnings results for the second quarter of 2023, showing total revenue of SGD 6.7 million, a 44.1% year-over-year increase, and net income of SGD 0.61 million, a 95.1% year-over-year decrease.
Market Price
On Tuesday, the stock opened at SG$0.1 and closed at SG$0.1, with a 7.0% increase compared to the previous closing price of 0.1. The earnings report showed a substantial increase in revenue and profit, which was welcomed by investors. The report also revealed an expansion of investments across various sectors, including technology and finance.
This indicates that MANHATTAN RESOURCES is confident in its growth prospects and is taking the initiative to diversify its portfolio. Investors have responded positively to the report and the stock is expected to remain buoyant in the coming weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Manhattan Resources. More…
| Total Revenues | Net Income | Net Margin |
| 13.86 | -7.29 | -11.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Manhattan Resources. More…
| Operations | Investing | Financing |
| -7.12 | 29.86 | 18.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Manhattan Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 138.75 | 41.61 | 0.03 |
Key Ratios Snapshot
Some of the financial key ratios for Manhattan Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.6% | 196.4% | -49.1% |
| FCF Margin | ROE | ROA |
| -213.2% | -4.6% | -3.1% |
Analysis – Manhattan Resources Intrinsic Stock Value
GoodWhale has taken a closer look at the fundamentals of MANHATTAN RESOURCES, and our analysis has revealed that the company’s intrinsic value is around SG$0.1. This evaluation has been arrived at through the use of GoodWhale’s proprietary Valuation Line. Currently, the share price of MANHATTAN RESOURCES is SG$0.1, meaning it is overvalued by 47.8%. Taken together, this means that investors should be cautious in considering an investment in MANHATTAN RESOURCES, as it may not represent good value for money. More…
Peers
It is up against a number of rivals, including KSK Power Venture PLC, Central Hydropower JSC, Alsons Consolidated Resources Inc, and others. All of these companies are in the business of providing energy solutions to their clients, and strive to remain competitive in the industry.
– KSK Power Ventur PLC ($LSE:KSK)
KSK Power Ventur PLC is a public limited company based in India that specializes in the production of power and energy products. The company’s market cap as of 2023 is 3.94 million, which reflects the value of its assets, liabilities, and other financial obligations. KSK Power Ventur PLC has also demonstrated impressive financial performance, with an impressive Return on Equity of 194.9%, which shows how efficiently the company is utilizing its capital to generate profits. With its strong financials, KSK Power Ventur PLC is well-positioned to continue its success and growth in the energy sector.
– Central Hydropower JSC ($HOSE:CHP)
Central Hydropower JSC is a power generating company that operates throughout the Central Asian region. With a market cap of 3.46 trillion as of 2023, the company is a major player in the energy markets of the region. Its Return on Equity of 17.03% is also a testament to its financial performance and stability. Central Hydropower JSC operates a range of hydroelectric facilities across the country, providing reliable energy to millions of households. The high market cap and ROE indicate investor confidence in the company’s long-term growth prospects and ability to generate sustainable returns.
– Alsons Consolidated Resources Inc ($PSE:ACR)
Alsons Consolidated Resources Inc is a publicly listed holding company engaged in power generation, agro-industrial operations, real estate, and tourism-related activities. As of 2023, the company has a market capitalization of 4.47 billion dollars. The company’s return on equity (ROE) stands at 20.1% which indicates the company’s strong financial performance. This return on equity is considered to be good, as it indicates that the company is able to generate good returns for investors using the capital that it has obtained from investors. Alsons Consolidated Resources Inc is focused on delivering sustainable growth for its shareholders and will continue to strive for profitability in the years to come.
Summary
MANHATTAN RESOURCES reported positive financial results for the second quarter of 2023, with total revenue increasing by 44.1% year-over-year to SGD 6.7 million. However, net income fell significantly by 95.1% year-over-year to SGD 0.61 million. Despite the decline in net income, the stock price of the company moved up on the same day, indicating investor confidence in the company’s future prospects. Investors should take time to analyze the company’s financials and the industry trends before making any investment decision.
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