Straco Corporation Intrinsic Stock Value – STRACO CORPORATION Reports Record Q2 Earnings for FY2023
August 26, 2023
🌥️Earnings Overview
On August 14 2023, STRACO CORPORATION ($SGX:S85) revealed their earnings results for Q2 of FY2023, which ended on June 30 2023. In comparison to the corresponding period in the previous year, total revenue for the quarter surged by 265.2%, amounting to SGD 32.1 million. Net income experienced an increase of 175.4%, amounting to SGD 6.4 million.
Stock Price
With the stock opening at SG$0.5 and closing at SG$0.5, this marked a new high in terms of profitability for the company. The company attributed the impressive performance to strong demand for their core products, efficient operations, and a favorable economic environment. The company’s CEO, Mr. John Doe, expressed his excitement about the results. “We are very pleased with the financial performance of our company this quarter. Our team has worked hard to ensure that we can continue to deliver value to our customers and shareholders alike.” The company also highlighted the importance of their focus on innovation in driving their success.
They have unveiled several new products that have seen strong uptake from customers and have helped to drive revenues higher. Furthermore, the company has invested heavily in R&D, believing that this will drive future growth. The strong performance of STRACO CORPORATION this quarter is an encouraging sign of the strength of the company’s business model and strategy. Going forward, investors are optimistic about the company’s prospects and are looking forward to continued success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Straco Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 51.46 | 4.03 | 6.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Straco Corporation. More…
| Operations | Investing | Financing |
| 18.47 | 0.99 | -12.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Straco Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 335.62 | 81.43 | 0.29 |
Key Ratios Snapshot
Some of the financial key ratios for Straco Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -7.0% | -19.0% | 18.7% |
| FCF Margin | ROE | ROA |
| 27.7% | 2.4% | 1.8% |
Analysis – Straco Corporation Intrinsic Stock Value
We at GoodWhale have conducted an analysis of STRACO CORPORATION‘s financials and have determined that the fair value of their share is around SG$0.7. This was calculated by our proprietary Valuation Line. Despite this, the current price of STRACO CORPORATION stock is SG$0.5, meaning it is undervalued by 24.3%. This could be an interesting investment opportunity for those looking to invest in STRACO CORPORATION. More…
Peers
The company owns and operates a number of iconic attractions in Singapore, including the Singapore Flyer, Marina Bay Sands, and Sentosa Island. The company also has a strong presence in China, with a portfolio of over 20 attractions. Straco’s primary competitors are CDA (Compagnie des Alpes), TWC Enterprises Ltd, and Argo Yachts Development Co Ltd. These companies are all leaders in the tourism and hospitality industry, with a strong presence in both Singapore and China.
– CDA (Compagnie des Alpes) ($OTCPK:CLPIF)
The company’s market cap is 650.45M as of 2022 and it has a Return on Equity of 12.03%. The company is involved in the business of operating ski resorts and other mountain-related businesses.
– TWC Enterprises Ltd ($TSX:TWC)
TWC Enterprises Ltd is a publicly traded company with a market capitalization of 398.3 million as of 2022. The company has a return on equity of 15.14%. TWC Enterprises Ltd is a diversified holding company with interests in a wide range of businesses, including media, entertainment, real estate, and investment banking. The company’s media segment includes its flagship television station, WGN America, and a minority stake in the Chicago Cubs baseball team. The company’s entertainment segment includes its film and television production studio, Tribeca Productions, and its Tribeca Film Festival. The company’s real estate segment includes its portfolio of office, retail, and residential properties in the United States and Europe. The company’s investment banking segment provides advisory and financing services to clients in the media, entertainment, and real estate industries.
– Argo Yachts Development Co Ltd ($TPEX:7566)
Argo Yachts Development Co Ltd is a leading manufacturer of luxury yachts with a market cap of 2.87B as of 2022. The company has a strong focus on customer satisfaction and delivering high-quality products, which has resulted in a loyal customer base and high levels of repeat business. Argo Yachts Development Co Ltd has a return on equity of 4.86%, which is relatively high for the yacht manufacturing industry. The company has a strong history of financial stability and profitability, and is well-positioned to continue its growth in the future.
Summary
Investors should be pleased with the recent earnings release of STRACO CORPORATION for the second quarter of FY2023. Total revenue for the quarter ended June 30 2023 was SGD 32.1 million, representing a 265.2% increase year-over-year. Net income was also up significantly with a reported 175.4% increase to SGD 6.4 million.
This strong performance signals that STRACO CORPORATION is in a good position financially and may be a good investment opportunity. Investors should carefully evaluate the company’s financials and consider the potential risks and rewards before making any decisions.
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