Montrose Environmental Intrinsic Value – MONTROSE ENVIRONMENTAL Reports Q2 FY2023 Earnings Results on August 8, 2023
August 21, 2023
🌥️Earnings Overview
MONTROSE ENVIRONMENTAL ($NYSE:MEG) announced its earnings results for the second quarter of FY2023 (ending June 30 2023) on August 8 2023. Total revenue for the quarter resulted in an increase of 13.7% year-on-year, reaching USD 159.1 million. Net income was also reported at USD -7.2 million, an improvement from the prior year figure of -7.8 million.
Price History
On Tuesday, August 8, 2023, MONTROSE ENVIRONMENTAL reported its financial results for the second quarter of fiscal year 2023. The stock opened at $37.4 and closed at a price of $38.1, representing a 1.2% increase from the previous day’s closing price of $37.6. These results are a continuation of the strong performance that MONTROSE ENVIRONMENTAL has seen over the last several quarters, supported by the company’s strong focus on environmental sustainability and corporate responsibility. The company also announced a number of strategic initiatives for the coming fiscal year, including continued investment in research and development to develop new products and services to serve the growing environmental services market.
Additionally, MONTROSE ENVIRONMENTAL has committed to increasing its focus on social responsibility and corporate citizenship in order to create a more sustainable and equitable future for all stakeholders. Overall, investors seemed upbeat about MONTROSE ENVIRONMENTAL’s Q2 FY2023 results, driving the stock price up over 1%. Going forward, investors will be keeping an eye on the company’s strategic initiatives and progress towards its long-term goals in order to determine whether the stock will continue to perform well in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Montrose Environmental. More…
| Total Revenues | Net Income | Net Margin |
| 560.36 | -54.83 | -6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Montrose Environmental. More…
| Operations | Investing | Financing |
| 48.1 | -107.34 | -15.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Montrose Environmental. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 825.66 | 359.73 | 15.49 |
Key Ratios Snapshot
Some of the financial key ratios for Montrose Environmental are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.1% | – | -5.5% |
| FCF Margin | ROE | ROA |
| 3.3% | -4.1% | -2.3% |
Analysis – Montrose Environmental Intrinsic Value
At GoodWhale, we believe that it’s important to analyze the fundamentals of a company before investing in it. That’s why we have taken the time to analyze MONTROSE ENVIRONMENTAL‘s fundamentals using our GoodWhale platform. Our proprietary Valuation Line analysis shows that the intrinsic value of MONTROSE ENVIRONMENTAL shares is approximately $46.2. Currently, MONTROSE ENVIRONMENTAL shares are trading at $38.1, making it a fair price that is undervalued by 17.5%. This means that investors may be able to purchase the shares at a discounted rate and potentially realize a return on their investment if the intrinsic value of the stock increases over time. More…
Peers
Montrose Environmental Group Inc is an American environmental services company that is headquartered in Irvine, California. The company went public in April 2018. Montrose operates in over 30 states and provinces across the United States and Canada. The company has over 1,200 employees. Montrose’s main competitors are Environmental Control Center Co Ltd, Yonker Environmental Protection Co Ltd, and Amita Holdings Co Ltd. All three of these companies are based in China.
– Environmental Control Center Co Ltd ($TSE:4657)
ECC is a Japanese company that manufactures and sells products related to air quality control and energy conservation. Its products include air purifiers, dehumidifiers, and air conditioners. ECC also provides consulting services on air quality and energy conservation. The company has a market cap of 1.96B as of 2022 and a ROE of 3.58%.
– Yonker Environmental Protection Co Ltd ($SZSE:300187)
With a market cap of 4.02B as of 2022, Yonker Environmental Protection Co Ltd has a return on equity of 6.13%. The company provides environmental protection services, including water and wastewater treatment, solid waste management, and air pollution control. It also offers environmental consulting services.
– Amita Holdings Co Ltd ($TSE:2195)
Amita Holdings Co Ltd is a Japanese holding company that operates in the food and beverage industry. The company has a market cap of 19.22B as of 2022 and a Return on Equity of 24.19%. The company’s main businesses include the production and distribution of alcoholic beverages, the operation of restaurants, and the provision of food services. The company also has a minority stake in a number of other companies, including a joint venture with PepsiCo.
Summary
MONTROSE ENVIRONMENTAL reported positive financial results for its second quarter of FY2023, with total revenue increasing 13.7% year-on-year and reaching USD 159.1 million. Net income was reported at USD -7.2 million, which is a slight improvement on the prior year’s figure. For investors, this data provides evidence that the company is growing and on a positive growth trajectory.
While the net income figure may not be ideal, the revenue figures suggest that MONTROSE ENVIRONMENTAL has potential for further growth in the future. Therefore, investors may want to consider buying shares in this company.
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