Stratus Properties Intrinsic Stock Value – Stratus Properties Reports FY2023 Q2 Earnings Results as of June 30, 2023
August 16, 2023
🌥️Earnings Overview
On August 14 2023, STRATUS PROPERTIES ($NASDAQ:STRS) reported their Q2 FY2023 earnings results for the period ending June 30 2023. Total revenue for the quarter was USD 3.5 million, a decrease of 68.3% from the same quarter in 2023. Net income for the quarter was USD -5.3 million, compared to a profit of USD 96.6 million in the same quarter of the previous year.
Share Price
STRATUS PROPERTIES reported its Fiscal Year 2023 Second Quarter (Q2) earnings results on Monday, June 30, 2023. The stock opened at $27.9 and closed at $27.8, representing a 2.0% decrease from the previous closing price of 28.3. This drop in stock price was not unexpected, as the company had announced earlier that week that it was expecting a lower-than-expected revenue and net income for the period. Despite the lower-than-expected performance, there were some bright spots in the earnings report.
Overall, STRATUS PROPERTIES reported a satisfactory quarter, with higher-than-expected net income and total revenue. The company is confident that its long-term strategy and growth initiatives will continue to strengthen its balance sheet and create value for shareholders moving forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Stratus Properties. More…
| Total Revenues | Net Income | Net Margin |
| 32.61 | -19.57 | -60.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Stratus Properties. More…
| Operations | Investing | Financing |
| -38.37 | -51.77 | 24.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Stratus Properties. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 485.75 | 186.59 | 24.49 |
Key Ratios Snapshot
Some of the financial key ratios for Stratus Properties are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.3% | -24.3% | -57.3% |
| FCF Margin | ROE | ROA |
| -273.2% | -5.9% | -2.4% |
Analysis – Stratus Properties Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis of Stratus Properties‘ wellbeing. After carefully considering our proprietary Valuation Line, we determined that the fair value of Stratus Properties’ shares is around $36.6. However, the current market price of Stratus Properties’ stock is only $27.8, which is significantly lower by 24.1%. In other words, Stratus Properties’ stock appears to be undervalued. More…
Peers
The company’s properties include office, retail, and residential properties. Stratus Properties Inc’s competitors include Cityland Development Corp, City & Land Developers Inc, and TAG Immobilien AG.
– Cityland Development Corp ($PSE:CDC)
Land Development Corporation is a real estate company that engages in the acquisition, development, and sale of commercial and residential properties in the United States. The company’s portfolio includes office buildings, retail centers, residential communities, and mixed-use properties. It also provides property management services.
– City & Land Developers Inc ($PSE:LAND)
City & Land Developers Inc is a publicly traded company with a market capitalization of 1.11 billion as of 2022. The company is engaged in the business of developing, owning and operating real estate properties, primarily in the Greater Toronto Area. City & Land has a diversified portfolio of residential, commercial and industrial properties. The company’s return on equity was 11.23% as of 2022.
– TAG Immobilien AG ($LTS:0JK4)
Deutsche Wohnen is one of the largest residential real estate companies in Europe with a market cap of 1.11B as of 2022. The company’s return on equity is 14.59%. Deutsche Wohnen is engaged in the business of developing, managing and selling residential properties. The company’s portfolio includes approximately 170,000 apartments, located in major German cities.
Summary
STRATUS PROPERTIES reported their FY2023 Q2 earnings results on August 14, 2023. The company saw a significant decrease in total revenue for the quarter, with a 68.3% decline from the same quarter the previous year. Net income for the quarter was also a large negative USD -5.3 million, compared to positive USD 96.6 million in Q2 the previous year.
These results suggest that investors may want to steer away from STRATUS PROPERTIES at this time, as the company is seeing an overall decrease in its performance and profitability. It is important to keep an eye on the stock in case any new details emerge that could indicate potential upside or future stability.
