Scorpio Tankers Stock Intrinsic Value – SCORPIO TANKERS Reports Second Quarter Fiscal Year 2023 Earnings Results on August 2 2023
August 12, 2023
🌥️Earnings Overview
On August 2 2023, SCORPIO TANKERS ($NYSE:STNG) announced its earnings results for the quarter ending June 30 2023 in its fiscal year 2023. The total revenue for the quarter was USD 329.3 million, which represented an 18.7% decrease from the same period in the prior year. Net income was reported to be USD 132.4 million, a drop of 30.7% compared to the same quarter a year ago.
Price History
The stock opened at $46.5 on Wednesday and closed at $49.0, a 3.4% increase from the last closing price of 47.4. The increase in stock prices demonstrates the confidence investors have in the company as it continues to expand its operations. The earnings report showed impressive growth and profitability for the company over the quarter, showcasing their ability to deliver consistent returns in a challenging and volatile environment.
The strong results from the second quarter are a testament to the success of SCORPIO TANKERS‘ business strategy, which has been based on long-term growth and sustainability. With a healthy balance sheet and strong cash flow, the company is well-positioned to continue delivering strong returns for its shareholders for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Scorpio Tankers. More…
| Total Revenues | Net Income | Net Margin |
| 1.7k | 856.21 | 49.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Scorpio Tankers. More…
| Operations | Investing | Financing |
| 1.13k | 41.25 | -1.22k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Scorpio Tankers. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.32k | 1.9k | 43.82 |
Key Ratios Snapshot
Some of the financial key ratios for Scorpio Tankers are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.0% | 44.9% | 59.9% |
| FCF Margin | ROE | ROA |
| 65.1% | 25.5% | 14.7% |
Analysis – Scorpio Tankers Stock Intrinsic Value
At GoodWhale, we have analyzed SCORPIO TANKERS‘s financials in depth. Our proprietary Valuation Line has been used to determine the fair value of SCORPIO TANKERS’s share, which is estimated to be around $49.9. Currently, SCORPIO TANKERS’s stock is traded at $49.0, making it a fair price that is slightly undervalued by 1.8%. We advise potential investors to consider this stock as an attractive buying opportunity. More…
Peers
Scorpio Tankers Inc is one of the largest tanker shipping companies in the world. Founded in 2009, the company is headquartered in Monaco. Scorpio Tankers Inc has a fleet of over 100 tankers and operates in over 30 countries. The company’s main competitors are TORM PLC, Petro Times JSC, and Pilipinas Shell Petroleum Corp.
– TORM PLC ($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 reported its second quarter earnings on August 2, 2023 with total revenue of $329.3 million and net income of $132.4 million. Both figures show a decrease of 18.7% and 30.7% year over year, respectively. Despite the downturn in financial performance, the company’s stock price rose the same day in response. Investors may be encouraged by this news, but it is important to note that further research should be done to evaluate the current state of the company and the sustainability of the stock price increase.
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