Target Hospitality Stock Fair Value – TARGET HOSPITALITY Reports Second Quarter FY2023 Earnings Results
August 14, 2023
🌥️Earnings Overview
For the second quarter of FY2023, TARGET HOSPITALITY ($NASDAQ:TH) reported total revenue of USD 143.6 million, a 31.0% increase compared to the same quarter of the previous year. Net income also rose significantly to reach USD 46.4 million, a 103.3% year-over-year jump. The period ended on June 30 2023.
Stock Price
On Wednesday, TARGET HOSPITALITY reported their second quarter FY2023 earnings results, with their stock opening at $13.5 and closing at $14.4, a 13.9% surge from its previous closing price of 12.6. This marks an impressive growth for the company, as it continues to make strides in the hospitality industry. As the largest publicly traded hotel and resort provider in the United States, TARGET HOSPITALITY has seen a steady increase in their financial performance over the course of the past few years. This success was made possible through their innovative strategies and focus on customer service. The company has continued to expand its portfolio and developed new revenue streams in order to stay competitive in the market.
They have invested heavily in new technology and services to enhance their offerings and provide customers with an exceptional experience. This has allowed them to capitalize on the increasing demand for travel and leisure services. With their impressive growth and business strategies, they are sure to continue to thrive in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Target Hospitality. More…
| Total Revenues | Net Income | Net Margin |
| 603.45 | 140.87 | 26.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Target Hospitality. More…
| Operations | Investing | Financing |
| 379.25 | -158.25 | -161.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Target Hospitality. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 665.97 | 375.64 | 2.86 |
Key Ratios Snapshot
Some of the financial key ratios for Target Hospitality are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.7% | 72.5% | 36.7% |
| FCF Margin | ROE | ROA |
| 36.6% | 52.0% | 20.8% |
Analysis – Target Hospitality Stock Fair Value
At GoodWhale, we have analyzed the financials of TARGET HOSPITALITY to provide an accurate and reliable assessment of its current stock trend. Through our proprietary Valuation Line, we have calculated that the fair value of TARGET HOSPITALITY share is around $10.3. However, the current stock is traded at $14.4, which is an overvaluation of 39.3%. However, investors should proceed with caution and monitor the stock’s performance in the coming days, as it may fluctuate over time. More…
Peers
Its competitors include ISS A/S, Autoriders International Ltd, and XCPCNL Business Services Corp. Target Hospitality Corp has a strong track record of delivering quality services to its clients and has a reputation for being a reliable and trusted partner.
– ISS A/S ($LTS:0QRS)
Danish food company A/S is one of the world’s leading suppliers of processed foods. The company has a market capitalization of 26.51 billion as of 2022 and a return on equity of 17.43%. A/S is a publicly traded company listed on the Copenhagen Stock Exchange. The company’s products include processed meats, cheeses, and other food products. A/S is headquartered in Copenhagen, Denmark.
– Autoriders International Ltd ($BSE:512277)
Autoriders International Ltd is a motorcycle and scooter rental company with a market cap of 9.84M as of 2022. The company has a Return on Equity of 31.27%. Autoriders offers a wide range of motorcycles and scooters for rent in Thailand. The company has a strong focus on customer service and offering a wide variety of vehicles to choose from.
– XCPCNL Business Services Corp ($OTCPK:XCPL)
XCPCNL Business Services Corp is a Canadian company that provides business services and solutions to small and medium-sized businesses. The company has a market cap of $57.93 million and a return on equity of 5.59%. The company offers a range of services including accounting, tax, payroll, and human resources.
Summary
TARGET HOSPITALITY recently reported their second quarter results for FY2023, which showed impressive growth. Total revenue grew by 31.0% to reach USD 143.6 million, and net income rose by a staggering 103.3%, reaching USD 46.4 million. This positive news caused the stock price to move up the same day. Given the strong financial performance, investors may be interested in exploring TARGET HOSPITALITY as an investment opportunity.
However, further research is recommended to ensure that the company’s future performance is likely to remain favorable.
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