ORI Intrinsic Value Calculator – OLD REPUBLIC INTERNATIONAL Reports Second Quarter Earnings for FY2023
August 23, 2023
🌥️Earnings Overview
On July 27 2023, OLD REPUBLIC INTERNATIONAL ($NYSE:ORI) announced their earnings results for the second quarter of FY2023, ending June 30 2023. Total revenue for the quarter was USD 1798.2 million, a slight decrease of 0.7% from FY2022’s corresponding quarter. In comparison to the same quarter the previous year, net income for the quarter was an impressive USD 155.5 million, compared to the net loss of -40.1 million in FY2022.
Share Price
The stock opened at $27.2 and closed at $26.9, a decrease of 1.1% from the previous closing price of 27.2. This marked the fourth consecutive quarter of decline for the company. Overall, the results for the second quarter of FY2023 were mixed.
While revenue had increased, net income and operating margins had decreased. Despite this, the stock remained relatively stable, indicating that investors may be confident in the company’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ORI. More…
| Total Revenues | Net Income | Net Margin |
| 7.62k | 775.7 | 10.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ORI. More…
| Operations | Investing | Financing |
| 1.05k | -415 | -832.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ORI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 25.85k | 19.73k | 21.63 |
Key Ratios Snapshot
Some of the financial key ratios for ORI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.2% | – | 13.7% |
| FCF Margin | ROE | ROA |
| 13.8% | 10.3% | 2.5% |
Analysis – ORI Intrinsic Value Calculator
At GoodWhale, we’ve taken a deep dive into the financials of OLD REPUBLIC INTERNATIONAL. After careful analysis, our proprietary Valuation Line has determined that the intrinsic value of a share of OLD REPUBLIC INTERNATIONAL is approximately $17.7. However, OLD REPUBLIC INTERNATIONAL shares are currently trading at $26.9, which is an overvaluation of 52.1%. Investors should be cautious when investing in OLD REPUBLIC INTERNATIONAL stock at the present time, as it appears to be trading well above its intrinsic value. More…
Peers
Old Republic International Corp is one of the largest insurance companies in the world. Its competitors include Goosehead Insurance Inc, Cosmos Insurance PCL, and Advance Create Co Ltd.
– Goosehead Insurance Inc ($NASDAQ:GSHD)
Goosehead Insurance Inc is a insurance company that offers a variety of insurance products, includingauto, home, life, and health insurance. The company has a market cap of 882.32M as of 2022 and a ROE of -45.93%. Goosehead Insurance Inc was founded in 2006 and is headquartered in Irving, Texas.
– Cosmos Insurance PCL ($LTS:0E1C)
Advance Create Co Ltd is a Japanese company that manufactures and sells electronic and electrical products. The company has a market capitalization of 21.52 billion as of 2022 and a return on equity of 17.58%. The company’s products include semiconductors, integrated circuits, and other electronic components. Advance Create Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange.
Summary
Investors should take note that Old Republic International reported a year-over-year decrease in total revenue of 0.7% for the second quarter of FY2023, ending on June 30 2023. Despite this, the company reported a net income of USD 155.5 million, a substantial improvement from a net loss of -40.1 million in the same quarter of the previous year. This indicates that Old Republic International is making strides towards positive financial performance. Investors should continue to monitor the company’s progress in the coming quarters.
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