NRT Stock Fair Value Calculator – NORTH EUROPEAN OIL ROYALTY TRUST Reports Third Quarter Earnings for FY2023
September 3, 2023
☀️Earnings Overview
On August 31 2023, NORTH EUROPEAN OIL ROYALTY TRUST ($NYSE:NRT) reported their earnings for the third quarter of FY2023 ending July 31 2023. Revenue for this quarter totalled USD 2.5 million, a 43.9% decrease from the previous year. Additionally, net income was USD 2.3 million, a 46.6% decrease year-over-year.
Price History
The stock opened at $12.0 and closed at $11.4, a 6.0% decrease from the previous closing price of 12.1. This drop in the stock’s value could be attributed to market volatility or investors expecting lower than expected earnings. This increase in revenue is an encouraging sign, pointing to an increase in demand for their products and services. Despite this decrease, the company is still on track to meet its overall earnings goals for the year.
The company is still performing well and is on track to meet its earning goals for the year. Investors will be watching to see if the company can continue to remain profitable in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NRT. More…
| Total Revenues | Net Income | Net Margin |
| 29.05 | 28.22 | 97.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NRT. More…
| Operations | Investing | Financing |
| -1.65 | – | – |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NRT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.88 | 1.93 | 0.1 |
Key Ratios Snapshot
Some of the financial key ratios for NRT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 75.6% | 73.7% | 96.8% |
| FCF Margin | ROE | ROA |
| -5.7% | 2273.7% | 609.4% |
Analysis – NRT Stock Fair Value Calculator
At GoodWhale, we analyze the fundamentals of NORTH EUROPEAN OIL ROYALTY TRUST with our proprietary Valuation Line. After studying the company’s financials and performance, we have concluded that the fair value of their stock is around $32.2. However, in the current market, NORTH EUROPEAN OIL ROYALTY TRUST is trading at $11.4, which is undervalued by 64.6%. This gives investors an opportunity to buy their stock at a discounted price and take advantage of the potential upside. We would recommend that investors take a closer look at the current pricing of NORTH EUROPEAN OIL ROYALTY TRUST to see if it presents an attractive investment opportunity. More…
Peers
It is one of several trusts that invest in the exploration and production of oil and gas from various regions of the world. Other trusts in the same space include Pacific Coast Oil Trust, VOC Energy Trust, and Chesapeake Granite Wash Trust. All four trusts focus on oil and gas production, with varying levels of success in the global market.
– Pacific Coast Oil Trust ($OTCPK:ROYTL)
Pacific Coast Oil Trust (PCOT) is a publicly traded trust that was established in 1922 to hold the interests of its shareholders in certain California oil and gas properties. With a market cap of 3.86 million as of 2022, PCOT is a relatively small, yet prosperous company. PCOT has consistently generated strong returns for its shareholders, with a return on equity of 4.0%. This indicates that the trust has been effective in leveraging its assets to generate profits and increase shareholder value. PCOT’s strong returns are further testament to its success as an oil and gas company, and its commitment to providing shareholders with long-term value.
– VOC Energy Trust ($NYSE:VOC)
VOC Energy Trust is an energy trust that was established in 2008 to invest in oil and natural gas properties. The company is based in Houston, Texas and has a market cap of 167.11M as of 2022. It has a return on equity (ROE) of 4.06%, which indicates that it is able to generate a return that is higher than that of its peers. VOC Energy Trust is focused on acquiring oil and gas properties with strong production potential and potential for future development, and generates income by selling the oil and natural gas produced from these properties. It also invests in midstream assets such as gathering systems, pipelines, and storage facilities.
– Chesapeake Granite Wash Trust ($OTCPK:CHKR)
Chesapeake Granite Wash Trust is a trust formed to hold an interest in certain oil and gas properties located in Oklahoma and Texas. The company has a market capitalization of 53.53 million USD as of 2022, reflecting its value on the stock market. The trust provides investors with exposure to oil and gas production from its properties. Additionally, Chesapeake Granite Wash Trust has a Return on Equity (ROE) of 10.92%, indicating that it is able to generate a good return on the money that shareholders have invested in the company. The company’s strong financial performance is a testament to its ability to generate strong cash flows and maintain a healthy balance sheet.
Summary
Investors in NORTH EUROPEAN OIL ROYALTY TRUST have been given a shock as the company released its earnings report for the third quarter of FY2023, showing total revenue down 43.9% year-on-year and net income down 46.6%. This caused the stock price to drop on the same day. Analysts are now looking at whether the company can turn its fortunes around, with an eye on how the oil industry is faring generally. Investors will be looking at key metrics such as operating efficiency and cash flow to determine whether the stock is a good buy at current levels.
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