Timkensteel Corporation Stock Fair Value Calculator – TIMKENSTEEL CORPORATION Reports Strong Earnings for Q2 FY2023
August 7, 2023
☀️Earnings Overview
For the quarter ended June 30 2023, TIMKENSTEEL CORPORATION ($NYSE:TMST) reported total revenue of USD 356.6 million, indicating a year-over-year decline of 14.2%. Net income for the same period saw an even steeper decrease of 61.2%, amounting to USD 28.9 million.
Market Price
TIMKENSTEEL CORPORATION reported strong earnings for the second quarter of FY2023 on Thursday. The company’s stock opened at $22.9 and closed at $22.1, down by 3.6% from its previous closing price of $23.0. TIMKENSTEEL CORPORATION’s management team credits its strong earnings to its successful business strategy of diversifying its product portfolio, expanding in new markets, and investing in new technologies. The company has also been actively restructuring its operations to become more efficient and cost-effective, resulting in improved profitability.
Overall, TIMKENSTEEL CORPORATION continues to report strong earnings and remains a leader in the steel industry. The company is well-positioned for growth in FY2023 and beyond, and investors can look forward to continued strong performance from the company in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Timkensteel Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.24k | -3.2 | -2.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Timkensteel Corporation. More…
| Operations | Investing | Financing |
| 93.6 | -28.8 | -81.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Timkensteel Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.15k | 436.7 | 16.22 |
Key Ratios Snapshot
Some of the financial key ratios for Timkensteel Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.7% | 178.9% | 3.6% |
| FCF Margin | ROE | ROA |
| 4.7% | 3.9% | 2.4% |
Analysis – Timkensteel Corporation Stock Fair Value Calculator
At GoodWhale, we performed an analysis of TIMKENSTEEL CORPORATION‘s wellbeing. According to our proprietary Valuation Line, the fair value of TIMKENSTEEL CORPORATION share is around $16.1. However, currently it is traded at $22.1, which is overvalued by 37.4%. This indicates that TIMKENSTEEL CORPORATION is overvalued at the current market price. Our analysis can help investors to make a more informed decision by understanding the true value of the company’s shares. More…
Peers
The company produces a variety of steel products, including alloy, carbon, and micro-alloy steels. The company’s competitors include Reliance Steel & Aluminum Co, ISMT Ltd, Jindal Stainless (Hisar) Ltd, and others.
– Reliance Steel & Aluminum Co ($NYSE:RS)
Reliance Steel & Aluminum Co is a publicly traded company with a market cap of 11.39B as of 2022. The company has a Return on Equity of 24.44%. Reliance Steel & Aluminum Co is engaged in the business of processing and selling steel and aluminum products.
– ISMT Ltd ($BSE:532479)
Siemens is a global powerhouse focusing on the areas of electrification, automation, and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. With approximately 372,000 employees in more than 190 countries, Siemens reported worldwide revenue of €83.0 billion in 2020.
– Jindal Stainless (Hisar) Ltd ($BSE:539597)
Jindal Stainless (Hisar) Ltd is an Indian stainless steel company. It has a market cap of Rs. 7,673 crores and a return on equity of 31.59%. The company produces a range of stainless steel products including sheets, coils, and pipes.
Summary
TIMKENSTEEL CORPORATION reported their second quarter of FY2023 earnings results, showing a decline in total revenue of 14.2% year over year and a 61.2% decrease in net income. This resulted in a decrease in the company’s stock price on the same day. Investors should take note of the decreased revenue and net income as indicators of potential issues that may affect the company’s future performance. Analysts should consider factors such as macroeconomic conditions, competitive landscape, industry trends, and management decisions when making investment decisions regarding TIMKENSTEEL CORPORATION.
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