SYLVAMO CORPORATION Reports Significant 183.1% Increase in Net Income for Second Quarter of FY2023
August 15, 2023
☀️Earnings Overview
On August 9 2023, SYLVAMO CORPORATION ($NYSE:SLVM) announced that for the second quarter of FY2023 ending June 30 2023, their revenue was USD 919.0 million and their net income was USD 49.0 million. This marks a 0.8% year-over-year increase in revenue and a 183.1% year-over-year increase in net income.
Analysis
GoodWhale conducted an analysis of SYLVAMO CORPORATION‘s wellbeing, and the results indicate that SYLVAMO CORPORATION is a medium risk investment in terms of financial and business aspects. Specifically, their Risk Rating was rated as medium. GoodWhale also detected two risk warnings in the balance sheet and cashflow statement, which were flagged for further review. If you would like to learn more about these risk warnings, you will need to become a registered user of GoodWhale to access the information. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sylvamo Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 3.75k | 297 | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sylvamo Corporation. More…
| Operations | Investing | Financing |
| 403 | -28 | -451 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sylvamo Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.82k | 1.96k | 20.57 |
Key Ratios Snapshot
Some of the financial key ratios for Sylvamo Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.3% | 2.4% | 14.4% |
| FCF Margin | ROE | ROA |
| 5.5% | 41.0% | 12.0% |
Peers
Sappi Ltd, Nine Dragons Paper (Holdings) Ltd, and Tamil Nadu Newsprint & Papers Ltd are its main competitors.
– Sappi Ltd ($OTCPK:SPPJY)
Sappi Ltd is a global company that produces and sells dissolving wood pulp, paper pulp, and paper-based products. The company has a market cap of 1.62B as of 2022 and a Return on Equity of 19.4%. Sappi has operations in over 40 countries and employs over 11,000 people. The company’s products are used in a variety of industries, including textiles, food and beverage, pharmaceuticals, and construction.
– Nine Dragons Paper (Holdings) Ltd ($SEHK:02689)
As of 2022, Nine Dragons Paper (Holdings) Ltd has a market cap of 22.43B and a Return on Equity of 5.49%. The company produces recycled paper and paperboard products. It is the largest recycled paper manufacturer in China and the world.
– Tamil Nadu Newsprint & Papers Ltd ($BSE:531426)
Tamil Nadu Newsprint & Papers Ltd is a leading producer of newsprint and paper products in India. The company has a market cap of 18.77B as of 2022 and a return on equity of 10.38%. The company’s products include newsprint, writing and printing paper, packaging paper, and specialty paper. TNPL is one of the largest newsprint producers in the world and is also one of the largest paper producers in India. The company has a strong presence in the Indian market and is a major player in the global paper market.
Summary
SYLVAMO CORPORATION reported strong financial results for the second quarter of its fiscal year 2023, with revenue increasing 0.8% and net income rising 183.1% year-over-year. Despite impressive figures, the company’s stock price fell on the news. Investors may want to look more deeply into the company’s performance and consider its future prospects before deciding to invest. It is important to weigh the potential risks against the potential rewards before making any investments.
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