Rmr Group Intrinsic Value – RMR GROUP Reports 32.8% Increase in Revenue for Third Quarter of FY2023
August 16, 2023
☀️Earnings Overview
RMR GROUP ($NASDAQ:RMR) reported total revenue of USD 280.2 million for the third quarter of FY2023, ending on June 30 2023, representing a growth of 32.8% year-over-year. Its net income for the same period was USD 24.6 million, compared to the previous year’s figure of 7.6 million.
Analysis – Rmr Group Intrinsic Value
GoodWhale has conducted an in-depth analysis of the fundamentals of RMR GROUP, and has determined that the fair value of its shares is around $40.9. This fair value estimate is derived from our proprietary Valuation Line, which evaluates a company’s fundamental strengths and weaknesses in order to determine its true worth. Currently, RMR GROUP stock is trading at $22.8, indicating that it is undervalued by 44.3%. This presents a great opportunity for investors who are looking to potentially acquire undervalued stock. The GoodWhale analysis has determined that RMR GROUP shares could be a great addition to any portfolio, as the company has solid fundamentals that make it a sound investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rmr Group. More…
| Total Revenues | Net Income | Net Margin |
| 981.58 | 60.76 | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rmr Group. More…
| Operations | Investing | Financing |
| 125.11 | 50.05 | -75.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rmr Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 601.38 | 176.02 | 14.35 |
Key Ratios Snapshot
Some of the financial key ratios for Rmr Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.9% | 16.6% | 12.7% |
| FCF Margin | ROE | ROA |
| 12.4% | 33.9% | 12.9% |
Peers
The company’s primary business is the management of real estate investment trusts (REITs) and real estate operating companies. RMR also provides real estate management services to corporate clients, government entities and non-profit organizations. As of December 31, 2016, RMR’s portfolio includes 1,371 properties, with a total market value of approximately $30.3 billion. The company’s competitors include Star Mica Holdings Co. Ltd., Toubujyuhan Co. Ltd., Viet Tien Son Real Estate Holding Co., and others.
– Star Mica Holdings Co Ltd ($TSE:2975)
Star Mica Holdings Co Ltd is a publicly traded company with a market capitalization of $23.66 billion as of 2022. The company has a return on equity of 17.39%. Star Mica Holdings Co Ltd is engaged in the business of mining, processing and selling mica and mica products. The company’s products are used in a variety of industries, including cosmetics, paint, plastics and rubber.
– Toubujyuhan Co Ltd ($TSE:3297)
Toubujyuhan Co Ltd is a Japanese company that manufactures and sells automotive parts and accessories. The company has a market cap of 2.63 billion as of 2022 and a return on equity of 9.25%. Toubujyuhan Co Ltd is a publicly traded company on the Tokyo Stock Exchange.
Summary
RMR Group had a strong third quarter in FY2023, with total revenue of USD 280.2 million, representing a 32.8% year-over-year increase. These results demonstrate RMR Group’s ability to drive strong top-line growth and solid bottom-line performance. Investors should take note of RMR Group’s impressive performance and consider a potential investment in the company.
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