Mge Energy Stock Fair Value Calculation – MGE ENERGY Announces Second Quarter Earnings Results for FY2023
August 8, 2023
☀️Earnings Overview
MGE ENERGY ($NASDAQ:MGEE) announced their financial figures for the second quarter of FY2023, which concluded on June 30 2023, on August 3 2023. Total revenue for the quarter totaled USD 148.0 million, a dip of 2.9% from the same period in FY2022. Net income rose to USD 28.7 million, a 31.8% increase year-over-year.
Stock Price
On Thursday, MGE ENERGY announced their second quarter earnings results for FY2023. The stock opened at $79.7 and closed at $78.9, down by 1.2% from prior closing price of 79.8. Furthermore, MGE ENERGY’s operating margin increased, reflecting improved efficiency in their operations. The company’s CEO stated that they were pleased with the results and were confident about their long-term prospects.
He further added that they would continue to focus on operational efficiencies in order to drive further growth in the future. The company also announced that it would look to invest more in renewable energy sources in order to reduce its overall carbon emissions and be more environmentally friendly. Shareholders will be hoping for further improvement in the coming quarters in order to see a higher return on investment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mge Energy. More…
| Total Revenues | Net Income | Net Margin |
| 718.48 | 114.53 | 15.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mge Energy. More…
| Operations | Investing | Financing |
| 169.45 | -222.84 | 50.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mge Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.56k | 1.45k | 30.77 |
Key Ratios Snapshot
Some of the financial key ratios for Mge Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | 9.2% | 23.7% |
| FCF Margin | ROE | ROA |
| -6.6% | 9.6% | 4.2% |
Analysis – Mge Energy Stock Fair Value Calculation
At GoodWhale, we recently performed an analysis of MGE ENERGY‘s wellbeing and determined its intrinsic value is around $84.4. This valuation was calculated with our proprietary Valuation Line. This presents a potential opportunity to purchase the stock at a discount. More…
Peers
The company has a long history dating back to 1855, when the city of Madison, Wisconsin, was founded. Today, MGE Energy Inc is a publicly traded company on the New York Stock Exchange and has a market capitalization of over $2 billion. The company’s main competitors are NorthWestern Corp, South Jersey Industries Inc, and ALLETE Inc.
– NorthWestern Corp ($NASDAQ:NWE)
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers in Montana, South Dakota, and Nebraska, the United States. It generates, transmits, and distributes electricity from coal, hydro, solar, wind, and biomass resources. The company also generates, stores, transmits, and distributes natural gas. In addition, it engages in the energy marketing activities. As of December 31, 2020, the company owned or leased approximately 3,300 megawatts of generating capacity; and operated and maintained approximately 16,200 miles of transmission and distribution lines. NorthWestern Corporation was founded in 1923 and is headquartered in Sioux Falls, South Dakota.
– South Jersey Industries Inc ($NYSE:SJI)
South Jersey Industries Inc is a company that provides energy services to its customers. The company has a market cap of 4.21B as of 2022 and a return on equity of 9.62%. South Jersey Industries Inc is a provider of energy services to its customers and has a strong focus on customer satisfaction. The company has a long history of providing energy services to its customers and has a strong reputation in the industry.
– ALLETE Inc ($NYSE:ALE)
The company is a leading provider of advanced security, video surveillance and facility access control solutions. The company’s products are used in a variety of applications, including government, commercial, industrial, transportation and residential. The company’s products are designed to provide a high level of security and safety for people and property.
Summary
MGE ENERGY recently reported their earnings for the Q2 FY2023, with total revenue of USD 148.0 million, a decrease of 2.9% year-on-year. However, net income increased 31.8% year-on-year to USD 28.7 million, showing that the company is still seeing growth despite a decrease in revenue. Investors should be encouraged by the strong net income figures and keep an eye on future quarters to gauge how the company is performing. Given the positive outlook and its rising net income, MGE ENERGY may be an attractive investment option for those looking for returns.
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