Mp Materials Intrinsic Value Calculator – MP MATERIALS Reports Strong Q2 Earnings for FY2023 on June 30 2023
August 22, 2023
☀️Earnings Overview
On June 30, 2023, MP MATERIALS ($NYSE:MP) reported their Q2 FY2023 earnings results, showing a total revenue of USD 64.0 million. This was a decline of 55.4% from the same period in the previous year. Their net income also fell to USD 7.4 million, a decrease of 89.9% compared to the same period last year.
Stock Price
On Thursday, June 30th, 2023, MP MATERIALS reported strong second quarter earnings for the fiscal year 2023, causing their stock to open at $22.2 and closing at $22.1, a decrease of 0.2% from the last closing price of $22.2. Despite the slight dip in stock price, many investors were positive about the news, expecting the stock price to rise. The quarterly reports showed improvements in sales and growth in revenue, particularly in the manufacturing and industrial sectors. The reports also highlighted the company’s focus on efficiency and cost-reduction initiatives across their operations, which have been successful in increasing their bottom line and improving overall profitability. MP MATERIALS has implemented several new strategies to drive growth and sustain their competitive advantage.
These include launching new products that meet customer needs, expanding distribution channels, and investing in technology-driven innovation and research and development. Analysts are optimistic about the strong performance of the company in the second quarter of 2023 and believe the stock market will continue to show positive returns in the coming months. MP MATERIALS is on track with its strategic objectives and remains committed to delivering strong earnings reports for the remainder of the year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mp Materials. More…
| Total Revenues | Net Income | Net Margin |
| 377.41 | 175.03 | 47.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mp Materials. More…
| Operations | Investing | Financing |
| 278.03 | -1.36k | -24.19 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mp Materials. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.28k | 929.3 | 7.61 |
Key Ratios Snapshot
Some of the financial key ratios for Mp Materials are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 93.0% | – | 51.6% |
| FCF Margin | ROE | ROA |
| -18.0% | 9.0% | 5.3% |
Analysis – Mp Materials Intrinsic Value Calculator
At GoodWhale, we are excited to analyze the fundamentals of MP MATERIALS. After our rigorous analysis, we believe that the fair value of its share is around $35.6. Our proprietary Valuation Line gives us the confidence to make this prediction. However, right now the stock is trading at $22.1, which is a 37.9% undervaluation of the company. We believe that this presents a great investment opportunity for any potential investors. More…
Peers
In recent years, the manganese industry has seen increased competition between MP Materials Corp and its major competitors South Manganese Investment Ltd, Chongyi Zhangyuan Tungsten Co Ltd, and Esrey Resources Ltd. While each company has its own unique strengths and weaknesses, MP Materials Corp has emerged as the leading player in the industry due to its large scale operations and efficient production processes.
– South Manganese Investment Ltd ($SEHK:01091)
South Manganese Investment Ltd is engaged in the business of manganese ore mining and beneficiation in the Guangxi Zhuang Autonomous Region of China. The company has a market capitalization of 1.89 billion as of 2022 and a return on equity of 23.93%. South Manganese Investment Ltd is involved in the production of high-quality manganese products used in the steel industry. The company’s products are used in a variety of applications including welding, casting, and steelmaking.
– Chongyi Zhangyuan Tungsten Co Ltd ($SZSE:002378)
Chongyi Zhangyuan Tungsten Co Ltd is a Chinese company that mines, processes, and sells tungsten products. It is one of the largest tungsten companies in the world, with a market cap of $6.55 billion as of 2022. The company has a return on equity of 12.18%. Zhangyuan Tungsten is headquartered in Jiangxi Province, China.
– Esrey Resources Ltd ($OTCPK:LNGYF)
The company’s market cap is 80.14k as of 2022. The company’s ROE is -0.36%. The company deals in oil and gas.
Summary
Investors should be aware that MP Materials has experienced significant declines in both total revenue and net income in Q2 of FY2023. Total revenue for the quarter was USD 64.0 million, down 55.4% compared to the same period last year, while net income fell to USD 7.4 million, a decrease of 89.9%.
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