Olam Group Intrinsic Value Calculator – OLAM GROUP Reports Positive Earnings Results for Q2 of 2023 Fiscal Year
August 17, 2023
☀️Earnings Overview
OLAM GROUP ($SGX:VC2) reported their second quarter 2023 fiscal year earnings results on June 30 2023, with total revenue amounting to SGD 24685.0 million, a 13.2% decrease from the year prior. Net income was reported as SGD 48.0 million, a decrease of 88.8% compared to the same period in the previous year. The 2023 fiscal year ends on August 11.
Market Price
The OLAM GROUP recently reported its financial results for the second quarter of 2023 fiscal year, and the results were positive. On Friday, the OLAM GROUP’s stock opened at SG$1.3 and closed at the same amount, signifying a good fiscal quarter. This increase came about due to a combination of increased revenue and cost-cutting measures that were implemented throughout the quarter. This was largely attributed to the company’s ability to efficiently manage its inventory and accounts receivable as well as their successful implementation of new products and services.
Overall, the OLAM GROUP reported positive financial results for the second quarter of 2023 fiscal year, thanks to their efficient management and cost-cutting measures. With a strong balance sheet and increased revenue, the company is in a good position moving forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Olam Group. More…
| Total Revenues | Net Income | Net Margin |
| 51.14k | 206.99 | 0.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Olam Group. More…
| Operations | Investing | Financing |
| 186.09 | 813.76 | -3.17k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Olam Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 32.62k | 25.08k | 1.89 |
Key Ratios Snapshot
Some of the financial key ratios for Olam Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.4% | 72.5% | 2.9% |
| FCF Margin | ROE | ROA |
| -1.1% | 12.5% | 2.8% |
Analysis – Olam Group Intrinsic Value Calculator
At GoodWhale, we have conducted a thorough analysis of the fundamentals of OLAM GROUP. After examining the company’s financials, our proprietary Valuation Line has yielded an intrinsic value of around SG$1.6 per share. This means that the current stock price of SG$1.3 is a fair price, but is undervalued by 17.2%. We therefore believe that there is a good investment opportunity here for investors. More…
Peers
It has a strong presence in many countries and a wide range of products. The company is constantly innovating and expanding its operations. Its main competitors are HF Foods Group Inc, Bid Corp Ltd, and Calavo Growers Inc. All these companies are large and well-established in the industry. They have strong financial resources and a wide customer base. They are constantly innovating and expanding their operations. They are also trying to enter new markets.
– HF Foods Group Inc ($NASDAQ:HFFG)
HFF Foods Group Inc is a food company that focuses on providing healthy and affordable food options. The company has a market cap of 266.92M as of 2022 and a return on equity of 4.72%. The company’s products are available in a variety of grocery stores and online retailers.
– Bid Corp Ltd ($OTCPK:BPPPF)
Bid Corporation Limited is a foodservice company. The Company operates in four segments: Foodservice, Retail, On-Premise and Support Services. It offers a range of services, including food and beverage procurement, logistics, distribution, equipment rental and support services. The Company provides its services to customers in South Africa, the United Kingdom, Ireland, Poland, Australia, New Zealand, Japan, China, India, Vietnam, Zambia, Botswana, Namibia, Mozambique, Ghana, Nigeria and various other countries.
– Calavo Growers Inc ($NASDAQ:CVGW)
Calavo Growers Inc is a company that produces, markets, and distributes avocados, tomatoes, and other fresh produce products. As of 2022, the company has a market capitalization of 658.2 million dollars and a return on equity of -5.75%. The company has been in business since 1924 and is headquartered in California.
Summary
Investors in Olam Group should take note of the firm’s second quarter results in 2023, which saw a decrease in total revenue of 13.2%. Net income was also down 88.8% year-on-year. This could be due to a decrease in demand for the firm’s products or services, or operational issues such as increased costs. Investors should monitor the company’s performance and cash flow in the coming quarters to gain a better understanding of the long-term prospects of the business.
Additionally, investors should take note of any changes in strategy or management to determine whether current trends are likely to improve in the future.
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