STC Intrinsic Value – STEWART INFORMATION SERVICES Reports FY2023 Q2 Earnings Results for Period Ending June 30 2023
August 20, 2023
🌥️Earnings Overview
On July 26 2023, STEWART INFORMATION SERVICES ($NYSE:STC) reported their earnings results for the quarter ending June 30 2023. For this period, the company’s revenue decreased by 34.9% year-on-year, amounting to a total of USD 549.1 million; their net income decreased even further, by 74.3%, to USD 15.8 million.
Market Price
The stock opened the day at $45.8 and closed at an all-time high of $46.9, representing a 1.4% increase from the previous closing price of $46.3. This quarter marked STC’s second consecutive quarter of positive financial performance. Overall, STC’s second quarter results demonstrate strong financial performance and continued improvement in the company’s financial health. With the positive results for this quarter, STC is well-positioned to move forward in its long-term growth strategy. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for STC. More…
| Total Revenues | Net Income | Net Margin |
| 2.45k | 50.37 | 2.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for STC. More…
| Operations | Investing | Financing |
| 105.92 | -300.67 | -123.22 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for STC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.68k | 1.31k | 49.82 |
Key Ratios Snapshot
Some of the financial key ratios for STC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.5% | – | 4.1% |
| FCF Margin | ROE | ROA |
| 2.5% | 4.6% | 2.3% |
Analysis – STC Intrinsic Value
At GoodWhale, we have undertaken an analysis of the fundamentals of STEWART INFORMATION SERVICES and have come up with our proprietary Valuation Line for the share. Our analysis reveals that the fair value of STEWART INFORMATION SERVICES is around $62.0. This means that STEWART INFORMATION SERVICES stock is currently trading at $46.9, which represents an undervaluation of 24.4%. This makes it an ideal time to invest in this stock, as long as investors are confident that the fundamentals of the company remain sound and that the company can sustain its growth. More…
Peers
The company operates in the United States and Canada. Stewart Information Services Corp has more than 4,000 employees. The company was founded in 1893 and is headquartered in Houston, Texas. Seibels Bruce Group Inc is a provider of insurance and risk management services. The company operates in the United States and Bermuda. Seibels Bruce Group Inc has more than 1,000 employees. The company was founded in 1866 and is headquartered in Columbia, South Carolina. First American Financial Corp is a provider of title insurance and settlement services. The company operates in the United States and Canada. First American Financial Corp has more than 16,000 employees. The company was founded in 1889 and is headquartered in Santa Ana, California. ICPEI Holdings Inc is a provider of title insurance and related services. The company operates in the United States and Canada. ICPEI Holdings Inc has more than 800 employees. The company was founded in 1892 and is headquartered in Wilmington, Delaware.
– Seibels Bruce Group Inc ($OTCPK:SBBG)
First American Financial Corporation is a provider of title insurance, settlement services and risk solutions for real estate transactions in the United States. The company’s market cap is 5.57B as of 2022 and its ROE is 8.7%. First American has over 19,000 employees and operates in over 50 states. The company was founded in 1889 and is headquartered in Santa Ana, California.
– First American Financial Corp ($NYSE:FAF)
ICPEI Holdings Inc is a publicly traded holding company with a market cap of $37.42M as of 2022. The company has a Return on Equity of 17.65%. ICPEI Holdings Inc is the parent company of Intercontinental Brands, a leading international manufacturer and distributor of premium cigars, tobacco, and related products. Intercontinental Brands operates in over 50 countries and has a portfolio of over 30 cigar brands.
Summary
Stewart Information Services reported their FY2023 Q2 earnings results on July 26, 2023, showing a 34.9% decrease in total revenue and a 74.3% decrease in net income from the same period the year prior. Investors should keep an eye on this company, as it may be a risky investment given this significant decline in income. It is also important to consider that this may be an aberration due to an unpredictable macroeconomic environment, or due to strategic decisions that could potentially be reversed in the future. Ultimately, further research and monitoring of the company’s performance is necessary to determine if investing in Stewart Information Services is a wise decision.
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