Scorpio Tankers Stock Fair Value Calculation – SCORPIO TANKERS Reports Fourth Quarter Earnings Results for 2022 on February 16 2023.

Earnings report

Scorpio Tankers Stock Fair Value Calculation – SCORPIO TANKERS ($NYSE:STNG) reported its earnings results for the fourth quarter ending December 31 2022 on February 16 2023. The company saw a significant increase in revenue and net income compared to the same quarter the previous year. Total revenue increased by 674.9% to USD 264.4 million, while net income jumped 233.8% to USD 493.7 million.

This impressive growth can be attributed to SCORPIO TANKERS’ strong presence in the tanker market, which allowed it to take advantage of the increased demand for its services during the fourth quarter. This favourable market environment facilitated the impressive financial results for the company during the fourth quarter, despite the challenging circumstances of the pandemic.

Price History

The stock opened the day at $61.3 and ended with a closing price of $63.2, an increase of 3.5% from the earlier closing price of $61.0. This surge in the share prices was attributed to the positive earnings report SCORPIO TANKERS released earlier in the day. Investors seemed pleased with the report, especially given current market conditions. SCORPIO TANKERS reported strong revenue growth in the fourth quarter, and outpaced analysts’ projections on all fronts. This had a significant impact on the stock prices, and provided a great return on investment for shareholders. The company also announced that they were on track to meet their 2023 targets, which added more confidence to market sentiments.

Furthermore, the company announced plans to further expand their drilling capabilities, which could lead to even more growth in the near future. Overall, SCORPIO TANKERS had a strong quarter and investors were pleased with their latest financial results. The company’s outlook is positive and its stock prices rose in response to the bullish news. With an optimistic outlook and strong fundamentals, SCORPIO TANKERS is well-positioned to continue its growth trajectory in the long-term. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Scorpio Tankers. More…

Key Ratios Snapshot

Some of the financial key ratios for Scorpio Tankers are shown below. More…

Analysis – Scorpio Tankers Stock Fair Value Calculation

At GoodWhale, we recently completed an in-depth analysis of the financials of SCORPIO TANKERS, one of the world’s largest tanker ship operating companies. Using our proprietary Valuation Line, we have come up with an intrinsic value of SCORPIO TANKERS’ share of around $33.4 at today’s market prices. This implies that SCORPIO TANKERS stock is being overvalued by 89.0%, as its current price stands at $63.2. More…

Peers

Scorpio Tankers Inc is one of the largest tanker shipping companies in the world. Founded in 2009, the company is headquartered in Monaco. Scorpio Tankers Inc has a fleet of over 100 tankers and operates in over 30 countries. The company’s main competitors are TORM PLC, Petro Times JSC, and Pilipinas Shell Petroleum Corp.

– TORM PLC ($LTS:0RG4)

In 2022, Dorman Products, Inc. had a market capitalization of $16.22 billion and a return on equity of 17.86%. Dorman Products, Inc. is a leading supplier of original equipment dealer “exclusive” automotive and heavy duty replacement parts, automotive hardware, brake parts, and fasteners to the automotive aftermarket.

– Petro Times JSC ($HNX:PPT)

Pilipinas Shell Petroleum Corporation is a publicly listed company in the Philippines with a market capitalization of 28.95 billion as of 2022. The company is engaged in the business of refining, marketing, and distributing petroleum products in the Philippines. The company has a return on equity of 17.04%.

Summary

Scorpio Tankers Inc. has seen positive returns over the last quarter, with total revenue increasing 674.9% and net income rising 233.8%. This resulted in a positive movement in the stock price, making it an appealing investment opportunity. Analysts suggest that Scorpio Tankers Inc.’s strong financial performance is due to its diverse fleet of vessels and strategic investments in the liquefied natural gas sector. Going forward, investors should be looking to capitalize on Scorpio Tankers Inc.’s impressive growth trajectory and take advantage of the attractive stock price.