PENINSULA ENERGY Reports Q2 2023 Earnings Results on March 16, 2023.
March 22, 2023
Earnings Overview
On March 16, 2023, PENINSULA ENERGY ($ASX:PEN) revealed their earnings results for the second quarter of fiscal year 2023, which ended on December 31, 2022. Their total revenue was USD -2.6 million, up 29.2% from the same quarter the previous year. Additionally, their net income soared by 33.0% to reach USD 12.3 million.
Stock Price
At market open, the stock was priced at AU$0.1 and closed at the same price by the end of the trading day. This is a 14.3% decrease from the stock’s previous closing price of AU$0.1. The company saw significant losses during the quarter, leading to an overall decrease in stock prices. The company’s financial performance was closely monitored by analysts, who noted the sharp decline in PENINSULA ENERGY’s stock prices. While the company did not provide a forecast for the upcoming quarter, investors are cautiously optimistic that the company’s stock prices may eventually recover.
PENINSULA ENERGY’s quarterly report provides insight into the performance of the energy industry during the second quarter of 2023. The report also shows how PENINSULA ENERGY is faring against its competitors in the sector. Investors should keep a close eye on PENINSULA ENERGY’s performance to gain a better understanding of how the industry is doing overall. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Peninsula Energy. More…
| Total Revenues | Net Income | Net Margin |
| 21.35 | -3.56 | -16.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Peninsula Energy. More…
| Operations | Investing | Financing |
| -1.42 | -3.86 | 21.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Peninsula Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 118.89 | 26.97 | 0.07 |
Key Ratios Snapshot
Some of the financial key ratios for Peninsula Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 65.3% | – | -31.0% |
| FCF Margin | ROE | ROA |
| -25.6% | -4.9% | -3.5% |
Analysis
At GoodWhale, we have conducted a comprehensive analysis of PENINSULA ENERGY‘s financials. Our Risk Rating has determined that PENINSULA ENERGY is a low risk investment in terms of financial and business aspects. While conducting our thorough examination, we have discovered two risk warnings in the income statement and balance sheet. To gain further insight into this issue, feel free to register with us and check it out. We would be more than happy to help you make informed decisions about your investments. More…
Peers
It operates in a competitive market alongside several leading companies such as Standard Uranium Ltd, Fission 3.0 Corp and Uranium Energy Corp. All four companies are engaged in the same sector, yet employ different strategies and techniques to extract uranium from the earth.
– Standard Uranium Ltd ($TSXV:STND)
Standard Uranium Ltd is a uranium exploration and development company focused on the acquisition and exploration of advanced-stage uranium projects in Australia. The company has a market cap of 11.84M as of 2022, making it a relatively small-cap stock. Additionally, Standard Uranium Ltd has an impressive Return on Equity of 225.6%, indicating that the company is generating a significant amount of income relative to the amount of equity it has invested. This performance indicates that the company is well managed and is in a strong financial position.
– Fission 3.0 Corp ($TSXV:FUU)
Fission 3.0 Corp is an innovative technology company that specializes in developing cutting-edge solutions for the nuclear energy industry. The company has a market capitalization of 94.69M as of 2022, which indicates its potential for future growth. Its return on equity (ROE) of -9.87% indicates that it has experienced losses in the past, however, it is still seen as a viable investment due to its promising portfolio of projects. The company is well-positioned to take advantage of the growing demand for nuclear power and is expected to benefit from the current trend of nuclear energy development.
– Uranium Energy Corp ($NYSEAM:UEC)
Uranium Energy Corp is a US-based uranium mining and energy company that has a market capitalization of 1.38 billion dollars as of 2022. The company is focused on the exploration and development of uranium deposits in the United States and abroad, with the goal of becoming one of the top uranium producers in the world. Uranium Energy Corp has an impressive Return on Equity (ROE) of 1.33%, which is relatively high for a company of its size. This means that the company is effective at generating returns for its shareholders, and is a sign of healthy financial performance.
Summary
Investors should take into account Peninsula Energy‘s second quarter fiscal year 2023 earnings, which reported total revenue of USD -2.6 million and net income of USD 12.3 million. This represents a 29.2% increase in revenue and a 33.0% increase in net income compared to the same period last year. Despite these encouraging figures, the stock price moved down the same day, suggesting investors may be wary of the company’s long-term prospects. Therefore, any decisions to invest in Peninsula Energy should be informed by further research of the company’s financials and market conditions.
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