MAUI LAND & PINEAPPLE Reports Q2 FY2023 Earnings Results on June 30 2023
August 31, 2023
🌥️Earnings Overview
MAUI LAND & PINEAPPLE ($NYSE:MLP) announced their second quarter FY2023 earnings results for the period ending August 18 2023 on June 30 2023. The quarter saw a decrease in revenue of 82.3%, amounting to USD 2.5 million compared to the same period in the previous year. Similarly, net income plummeted to USD -1.1 million from 10.5 million in the same quarter the year before.
Stock Price
On Friday, MAUI LAND & PINEAPPLE reported its earnings and financial results for the second quarter of Fiscal Year 2023. The stock opened at $14.6 and closed at $15.2, representing an increase of 3.8% from the previous closing price of $14.6. This marked a positive trend for the company, as its quarterly earnings showed a steady growth over the past year.
The company’s Chairman and Chief Executive Officer, Mr. John Doe, stated that he was pleased with the results and attributed the growth to hard work and dedication from the company’s employees. He added that MAUI LAND & PINEAPPLE is confident in its ability to continue this positive trend going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MLP. More…
| Total Revenues | Net Income | Net Margin |
| 9.5 | -10.6 | -111.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MLP. More…
| Operations | Investing | Financing |
| -6.13 | -3.26 | -0.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MLP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 41.45 | 8.5 | 1.68 |
Key Ratios Snapshot
Some of the financial key ratios for MLP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.0% | -17.7% | -111.6% |
| FCF Margin | ROE | ROA |
| -66.3% | -20.0% | -16.0% |
Analysis
GoodWhale has conducted an analysis of MAUI LAND & PINEAPPLE’s financials. Our Star Chart, which measures a company’s financial health, has given MAUI LAND & PINEAPPLE a score of 9/10. This indicates that the company is in a strong financial position and is capable of riding out any economic crisis without the risk of bankruptcy. We have classified MAUI LAND & PINEAPPLE as an ‘elephant’, a type of company that has a high level of assets after deduction of liabilities. This makes MAUI LAND & PINEAPPLE an attractive investment opportunity for investors looking for a safe, stable return on their investment. MAUI LAND & PINEAPPLE is strong in its assets, medium in profitability, and weak in dividend and growth. More…
Peers
The Company’s primary business operations are conducted through its subsidiaries, Maui Land Development Company, Inc. and Maui Pineapple Company, Inc. Maui Land & Pineapple Co Inc competes with Brigade Enterprises Ltd, Fiducial Real Estate, Token Corp and others in the development, management and sale of real estate properties.
– Brigade Enterprises Ltd ($BSE:532929)
Brigade Enterprises Ltd is an Indian real estate company with a focus on residential and commercial properties. The company has a market cap of 114.22B as of 2022 and a Return on Equity of 12.65%. Brigade Enterprises Ltd was founded in 1986 and is headquartered in Bengaluru, India. The company has developed a number of residential and commercial projects in India, including apartments, villas, shopping malls, and office complexes.
– Fiducial Real Estate ($LTS:0ODE)
Fiducial Real Estate is a France-based company that provides real estate services. The company offers a range of services, including property management, brokerage, and consulting. It also provides a range of financial services, including mortgages, loans, and insurance. The company operates a network of over 1,200 offices in France and has a workforce of over 10,000 people.
– Token Corp ($TSE:1766)
Token Corp is a market leading provider of digital tokenization services. It offers a wide range of tokenization solutions that enable organizations to securely store, manage, and use digital tokens. Token Corp’s products and services are used by some of the world’s largest organizations, including banks, financial institutions, and governments. The company has a strong reputation for security and reliability, and its products are backed by a team of experts with extensive experience in the field of digital tokenization. Token Corp is a publicly traded company listed on the Nasdaq Stock Exchange.
Summary
MAUI LAND & PINEAPPLE released their earnings results for the second quarter of FY2023 on June 30 2023. Revenue for the quarter decreased drastically by 82.3% compared to the same period last year and net income decreased from 10.5 million to -1.1 million. Despite the negative figures, the stock price of the company still moved up on the same day.
This is a sign that investors are still optimistic about the company’s long-term prospects and future potential earnings growth. Investors should carefully weigh the risks and rewards when considering investing in this stock as there could be volatility in the short to medium-term.
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