SJM HOLDINGS Reports Earnings for First Quarter of FY 2023
May 28, 2023
Earnings Overview
On May 15 2023, SJM HOLDINGS ($SEHK:00880) announced its financial results for the first quarter of Fiscal Year 2023, ending on March 31 2023. The company reported total revenue of HKD 4000.0 million, a 57.6% increase from the same period the previous year. Net income for the quarter was HKD 0.0 million, compared with a loss of HKD 0.0 million in the same period of the prior year.
Share Price
On Monday, SJM HOLDINGS released its earnings report for the first quarter of FY 2023. The stock opened at HK$3.6 and closed at the same price, down by 0.3% from the previous closing price. The company’s overall performance in the first quarter was largely in line with analyst expectations.
The company has managed to keep its cash flow in check despite increasing costs from operations and investments. The company’s stock price remained largely unchanged for the day, but analysts remain confident about its outlook for the rest of the year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sjm Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 5.46k | -7.39k | -127.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sjm Holdings. More…
| Operations | Investing | Financing |
| -4.22k | -2.02k | 9.49k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sjm Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 49.61k | 31.46k | 2.55 |
Key Ratios Snapshot
Some of the financial key ratios for Sjm Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -39.8% | 15.7% | -166.7% |
| FCF Margin | ROE | ROA |
| -97.0% | -22.9% | -7.9% |
Analysis
At GoodWhale, we recently conducted an analysis of SJM HOLDINGS‘s wellbeing. Our Risk Rating system determined that SJM HOLDINGS is a medium risk investment in terms of financial and business aspects. After diving deeper into the details, we detected three risk warnings in their income sheet, balance sheet, and cashflow statement. If you register with us, you’ll be able to get a closer look at our findings and make an informed decision about investing in SJM HOLDINGS. Our team at GoodWhale is dedicated to helping you make smart and informed investments. We strive to provide our customers with accurate and up-to-date information so that they can make the best decision possible. More…
Peers
The intense competition within the casino and gaming industry can be seen between SJM Holdings Ltd and its competitors, Century Casinos Inc, Macau Legend Development Ltd, and Golden Entertainment Inc. With each of these companies offering a unique range of products and services, there is an intense battle for market dominance as each strives to be the top choice for customers.
– Century Casinos Inc ($NASDAQ:CNTY)
Century Casinos Inc is a gaming and entertainment company that operates in multiple jurisdictions throughout the world. The company operates casinos, horse racetracks, and other gaming related businesses. It has a market cap of 209.94M as of 2023 and a Return on Equity of 32.18%. This indicates that the company is generating a healthy return for its investors, which is a positive sign for the future. The company has been able to maintain and grow its market cap over the years, which is a testament to its strong management and financial performance. The company’s future looks promising, and investors should feel confident investing in Century Casinos Inc.
– Macau Legend Development Ltd ($SEHK:01680)
Macau Legend Development Ltd is a company involved in the development and management of integrated resort, hotel, retail, and entertainment facilities. The company has a market capitalization of 2.48 billion as of 2023, which is indicative of its size and the importance of its business operations. The Return on Equity (ROE) of -12.92% indicates that the company is not generating adequate returns on its investments, which may be due to a variety of factors such as economic instability, competitive pressures, or other external factors. Macau Legend Development Ltd’s market capitalization and ROE are important metrics to consider when analyzing the company’s performance.
– Golden Entertainment Inc ($NASDAQ:GDEN)
Golden Entertainment Inc is a diversified gaming, entertainment and hospitality company. The company operates more than 10,000 gaming devices and over 50 taverns and restaurants in Nevada, Maryland, Montana, and Illinois. Golden Entertainment Inc has a market cap of 1.07B as of 2023, indicating its significant value in the gaming, entertainment and hospitality sector. Additionally, the company has a Return on Equity of 27.12%, which is a measure of its ability to generate profits from shareholder investments. This indicates that Golden Entertainment Inc has a strong financial performance and is able to generate profits from the investments of its shareholders.
Summary
Investors may be pleased to hear that SJM HOLDINGS reported impressive growth in the first quarter of Fiscal Year 2023. Total revenue was up 57.6% year-on-year, reaching HKD 4000.0 million. Unfortunately, this did not translate to net income as the company reported a loss of HKD 0.0 million compared to the previous year’s HKD 0.0 million. Investors should monitor future earnings reports for any changes in performance before making any decisions on investing in the company.
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