Mrc Global Intrinsic Value Calculator – MRC GLOBAL Reports Second Quarter Fiscal Year 2023 Earnings Results on August 7
August 14, 2023
🌥️Earnings Overview
On August 7, 2023, MRC GLOBAL ($NYSE:MRC) released its earnings report for the second quarter of the fiscal year 2023, ending June 30, 2023. The total revenue for this period was USD 871.0 million, a 2.7% increase from the previous year, and the net income was USD 24.0 million, representing a 71.4% year-over-year rise.
Price History
Overall, the company’s stock opened at $11.2 and closed at the same price, representing a 0.2% decrease from its prior closing price. Despite the minor setback, the company still reported a healthy set of results, highlighting its strong financial performance. The company has proved itself as a trusted name in providing high-quality products and services to its customers. With its impressive second quarter earnings report, MRC GLOBAL continues to demonstrate its commitment to providing the best products and services to its customers.
Overall, MRC GLOBAL reported strong quarterly earnings and continues to be a reliable source for quality products and services. With its focus on customer satisfaction, the company is well-positioned to capitalize on future opportunities and deliver long-term value to its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mrc Global. More…
| Total Revenues | Net Income | Net Margin |
| 3.53k | 79 | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mrc Global. More…
| Operations | Investing | Financing |
| 33 | -9 | -13 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mrc Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2k | 1.21k | 9.38 |
Key Ratios Snapshot
Some of the financial key ratios for Mrc Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.4% | 349.8% | 5.0% |
| FCF Margin | ROE | ROA |
| 0.6% | 14.3% | 5.6% |
Analysis – Mrc Global Intrinsic Value Calculator
At GoodWhale, we have conducted a thorough analysis of MRC GLOBAL‘s fundamentals. Our proprietary Valuation Line puts the intrinsic value of MRC GLOBAL shares at around $10.9. In contrast, the stock is currently traded at $11.2, meaning it is slightly overvalued by 2.3%. Therefore, we believe that the stock is fairly priced at the current level and investors may consider buying it. More…
Peers
It competes with SMG Industries Inc, Subsea 7 SA, and Victory Oilfield Tech Inc, all of which are leading suppliers in the same industry. Each company has its own unique strengths and capabilities in the field of energy distribution.
– SMG Industries Inc ($OTCPK:SMGI)
SMG Industries Inc is an industrial goods and services company based in the United States. The company provides a variety of products and services to customers in the manufacturing, energy, aerospace, and defense industries. As of 2022, SMG Industries Inc has a market cap of 6.97M, which indicates that the company is worth just under 7 million dollars. Additionally, the company has a Return on Equity (ROE) of 7.21%, meaning that for every dollar of equity, the company earns seven cents. This suggests that SMG Industries Inc is performing well financially, and is making efficient use of its capital.
– Subsea 7 SA ($OTCPK:SUBCY)
Subsea 7 SA is a leading global provider of integrated subsea engineering, construction, and services for the offshore energy industry. With a market cap of 3.32 billion, Subsea 7 SA is one of the leading companies in the subsea engineering and construction services industry. The company operates in various sectors including oil and gas, renewable energy, and defense. Subsea 7 SA has a strong Return on Equity (ROE) of 1.56%, indicating the company’s ability to generate profits from its shareholders’ investments. Subsea 7 SA has a long track record of delivering high-quality services to its customers and is well positioned to continue to do so in the future.
– Victory Oilfield Tech Inc ($OTCPK:VYEY)
Victory Oilfield Tech Inc is an oilfield technology company that develops and manufactures equipment and technologies related to the oil and gas industry. The company has a market cap of 5.83M as of 2022, which indicates the value of the company as determined by the market. It also has a Return on Equity (ROE) of 0.92%, which is an important measure of how well the company is performing relative to its equity base. This indicates that Victory Oilfield Tech Inc is achieving reasonable returns for its shareholders, making it an attractive investment option.
Summary
MRC Global reported impressive second quarter earnings for the fiscal year 2023, with total revenue of USD 871 million and net income of USD 24 million. This represents a 2.7% increase in revenue and a 71.4% increase in net income year-over-year. Investors should view these results as a positive sign of growth, particularly regarding the company’s ability to increase profits in a competitive market. Going forward, investors should keep an eye on MRC Global’s financial performance as it looks to continue its growth trajectory.
Related Posts
Recent Posts
