Siic Environment Intrinsic Stock Value – SIIC ENVIRONMENT Reports Second Quarter FY2023 Earnings Results for June 30, 2023
September 2, 2023
🌥️Earnings Overview
On August 30th 2023, SIIC ENVIRONMENT ($SGX:BHK) announced their financial results for the second quarter of the fiscal year 2023 ending June 30th 2023. The total revenue for this quarter increased by 10.4%, amounting to CNY 2100.1 million compared to the same period last year, and net income was CNY 227.3 million, representing a 19.5% year-over-year growth.
Market Price
The stock opened at SG$0.2 and closed at the same price, showing no significant changes in the market. Overall, SIIC ENVIRONMENT showed strong financial performance in its second quarter FY2023 earnings report. The company’s growth in net income, revenue, and cash flow from operations demonstrate its continued commitment to delivering strong financial results and growth to its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Siic Environment. More…
| Total Revenues | Net Income | Net Margin |
| 8.64k | 791.54 | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Siic Environment. More…
| Operations | Investing | Financing |
| -52.89 | -1.37k | 478.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Siic Environment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 41.62k | 26.52k | 3.84 |
Key Ratios Snapshot
Some of the financial key ratios for Siic Environment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.0% | 12.5% | 27.6% |
| FCF Margin | ROE | ROA |
| -14.4% | 15.0% | 3.6% |
Analysis – Siic Environment Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of SIIC ENVIRONMENT’s wellbeing and through our proprietary Valuation Line, have calculated the intrinsic value of the SIIC ENVIRONMENT share to be around SG$0.2. This suggests that the stock is trading at a fair price, however it is slightly undervalued by 7.5%. As such, there may be a good opportunity for investors to take advantage of this relatively low price. More…
Peers
The competition between SIIC Environment Holdings Ltd and its competitors is fierce. Safbon Water Service (Holding) Inc Shanghai, Beijing Enterprises Water Group Ltd, and Kangda International Environmental Co Ltd are all key players in the environmental services industry and are fighting to gain market share. All of these companies are looking to provide the best services to their customers, and have invested heavily in research and development to stay ahead of the competition.
– Safbon Water Service (Holding) Inc Shanghai ($SZSE:300262)
Safbon Water Service (Holding) Inc Shanghai is a leading water services provider in China. It provides a comprehensive range of water services such as integrated water supply, wastewater treatment and reuse, urban and rural water supply and sewage treatment, and water services engineering. The company has a market capitalization of 1.82 billion USD as of 2023, reflecting investors’ confidence in the company’s strong business model and growth opportunities in the Chinese water services market. In addition, Safbon Water has delivered a Return on Equity of -65.52%, indicating that its financial performance has been weak compared to its peers in the industry.
– Beijing Enterprises Water Group Ltd ($SEHK:00371)
Beijing Enterprises Water Group Ltd is a leading water and wastewater treatment company in China. It provides integrated solutions for development, planning, design, construction, operation, and maintenance of water and wastewater treatment facilities.The company has a market capitalization of 18.89 billion as of 2023. This indicates that the company is highly valued by investors and is seen as a stable and reliable investment. The return on equity of 11.39% is also an indicator of the company’s success; it shows that the company is making satisfactory returns for its shareholders. Overall, Beijing Enterprises Water Group Ltd is a promising company with a strong financial position and performance.
– Kangda International Environmental Co Ltd ($SEHK:06136)
Kangda International Environmental Co Ltd is a leading environmental services provider with a market cap of 1.07 billion as of 2023. The company provides services such as waste management, water and air treatment, industrial process control, and more. Its Return on Equity (ROE) of 10.58% is an indication of its strong financial performance and attractive investor returns. With a focus on sustainability and providing innovative solutions to clients, Kangda International is at the forefront of environmental protection in the Chinese marketplace.
Summary
SIIC ENVIRONMENT reported strong earnings results for the second quarter of FY2023. Total revenue for the quarter increased 10.4%, reaching CNY 2100.1 million, while net income rose 19.5% to CNY 227.3 million compared to the same period last year. This marks a significant improvement from the same quarter of the previous fiscal year and is a positive sign for investors interested in SIIC ENVIRONMENT.
Additionally, the company’s return on equity and return on investment also improved during the quarter, indicating a more efficient use of resources and a greater potential for capital gains. Overall, SIIC ENVIRONMENT’s strong performance makes it an attractive investment opportunity for those seeking to diversify their portfolios.
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