MMC Intrinsic Value – MARSH & MCLENNAN COMPANIES Reports Q2 FY2023 Earnings Results for June 30 2023

🌥️Earnings Overview

On July 20 2023, MARSH & MCLENNAN COMPANIES ($NYSE:MMC) released their earnings report for the second quarter of FY2023, which ended on June 30 2023. Their total revenue for the quarter was USD 5876.0 million, representing a 9.2% increase year-over-year. Net income for the quarter was USD 1035.0 million, a 7.0% growth relative to the same period in FY2022.

Market Price

The stock opened at $186.3 and closed at $189.2, which was an increase of 1.0% from the previous closing price of 187.4. This showed a positive sign for the company, indicating a strong financial performance in the quarter. They offer services in various sectors including consulting, technology, and outsourcing. The company serves corporations, governments and financial institutions with their wide range of services.

The company has been able to maintain a consistent and strong financial performance over the years, which has enabled them to stay ahead of the competition in their respective markets. With their second quarter earnings results for FY2023, MARSH & MCLENNAN COMPANIES have once again demonstrated their ability to maintain strong financial performance and deliver impressive results. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for MMC. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for MMC. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for MMC. More…

Key Ratios Snapshot

Some of the financial key ratios for MMC are shown below. More…

Analysis – MMC Intrinsic Value

At GoodWhale, we recently conducted an analysis of MARSH & MCLENNAN COMPANIES wellbeing. Based on our proprietary Valuation Line, we have determined that the intrinsic value of the MARSH & MCLENNAN COMPANIES share is around $167.3. Currently, MARSH & MCLENNAN COMPANIES stock is traded at $189.2, making it a fair price – although overvalued by 13.1%. Our analysis has shown that MARSH & MCLENNAN COMPANIES is doing well, and the stock is worth investing in. More…

Peers

Marsh & McLennan Companies Inc is one of the world’s leading professional services firms, with more than 54,000 employees serving clients in over 130 countries. The company provides risk management, insurance broking, and consulting services. Its competitors include Argentum 47 Inc, Kaopu Group Inc, and TQM Corp PCL.

– Argentum 47 Inc ($OTCPK:ARGQ)

Argentum 47 Inc is a company that provides software development services. Its market cap is 327.11k as of 2022 and its ROE is 33.4%. The company’s main products are web development and mobile app development. It also offers other services such as digital marketing, e-commerce development, and web design.

– Kaopu Group Inc ($OTCPK:LNGB)

Kaopu Group Inc is a publicly traded company with a market capitalization of $68.62 million as of 2022. The company has a negative return on equity of 37.73%. Kaopu Group Inc is engaged in the business of providing online marketing and advertising services. The company operates in the United States, Canada, and Europe.

– TQM Corp PCL ($SET:TQM)

TQM Corporation Public Company Limited is a Thailand-based company engaged in the provision of management services. The Company operates through two business segments: management services and investment businesses. The Company’s management services include management consulting, human resources management, organization and system development, and business process re-engineering. The Company’s investment businesses comprise property development and hotel businesses. As of December 31, 2011, the Company had a network of 12 branch offices located in Bangkok and its vicinities, as well as in other provinces in Thailand.

Summary

MARSH & MCLENNAN COMPANIES has reported strong earnings for the second quarter of FY2023 with a total revenue of USD 5876.0 million, representing a 9.2% year-over-year increase. Net income for the quarter was also up 7.0% to USD 1035.0 million. These figures suggest a positive outlook for the company and provide investors with a good opportunity for investment.

The company’s strong financial performance suggests that MARSH & MCLENNAN COMPANIES is well-positioned to continue its growth trajectory in the coming quarters. As such, investors should take a close look at the company and consider investing in it.