Tingo Group Intrinsic Value Calculation – TINGO GROUP Reports Q2 Earnings Results for FY2023, as of June 30 2023
September 3, 2023
🌥️Earnings Overview
For the quarter ended June 30 2023, TINGO GROUP ($NASDAQ:TIO) reported total revenue of USD 977.2 million, a dramatic increase from the USD 12.0 million it generated during the same period in FY2022. Net income was reported at USD 96.5 million, a significant improvement over the net loss of USD 14.3 million from the prior year.
Market Price
On Thursday, TINGO GROUP reported its 2nd quarter earnings results for the financial year 2023, as of June 30 2023. The stock opened at $1.7 and closed at $1.3, indicating a 7.9% drop from its last closing price of $1.4. This result has come amid the backdrop of a difficult market environment triggered by the pandemic and its associated economic impacts. This was primarily due to the impact of the pandemic on its operations, especially in its core markets. Despite the decline in profits, the company remains optimistic about its future prospects and is confident that it will be able to bounce back and recover from the effects of the pandemic.
It has outlined a comprehensive plan to increase its revenues through cost cutting, and by introducing new products and services to the market. The company is also focused on strengthening its market presence in its core markets and expanding its operations into new markets. Overall, TINGO GROUP’s 2nd quarter report indicates a challenging quarter but one that is not without hope. The company is confident that it will be able to turn things around and make a successful recovery in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tingo Group. More…
| Total Revenues | Net Income | Net Margin |
| 1.95k | 249.2 | 14.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tingo Group. More…
| Operations | Investing | Financing |
| 131.45 | -7.99 | -23.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tingo Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.69k | 1.16k | 3.19 |
Key Ratios Snapshot
Some of the financial key ratios for Tingo Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 574.0% | 17.5% | 25.2% |
| FCF Margin | ROE | ROA |
| -18.7% | 42.8% | 18.3% |
Analysis – Tingo Group Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of TINGO GROUP‘s wellbeing and have calculated the intrinsic value of its shares to be around $187.3 with our proprietary Valuation Line. We have found that TINGO GROUP’s stock is currently traded at $1.3, which is significantly lower than its intrinsic value. This means that even though it may appear to be a good stock at first sight, it is actually undervalued by 99.3%. More…
Peers
Tingo Group Inc is an electronics company that specializes in producing computing components and consumer electronics. It is one of many companies in the industry, and is joined by Vishay Precision Group Inc, Compal Electronics Inc, and Socket Mobile Inc as major competitors. All of these companies strive to provide quality products to meet the needs of their customers.
– Vishay Precision Group Inc ($NYSE:VPG)
Vishay Precision Group Inc is a global manufacturer of precision sensors and systems. The company has a market capitalization of 559.83M dollars as of 2023, which is indicative of its strong financial performance. This is further evidenced by its Return on Equity of 9.98%, which is significantly higher than the industry average. This shows that the company has been successful in generating returns for its shareholders. The company produces a wide range of products including strain gauges, load cells, pressure sensors, weighing scales, and force sensors for numerous industries such as automotive, medical, aerospace, industrial, and food processing.
– Compal Electronics Inc ($TWSE:2324)
Compal Electronics Inc is a Taiwan-based global provider of electronic products and services. Founded in 1984, the company designs, manufactures and sells a variety of products including notebooks, desktops, servers, tablets and wearables. As of 2023, Compal Electronics Inc has a market cap of 111.32B, indicating a strong position in the industry as one of the leading providers. Its Return on Equity (ROE) of 7.46% is above the industry average, signifying the company’s ability to generate profits while managing its operations efficiently.
– Socket Mobile Inc ($NASDAQ:SCKT)
Socket Mobile Inc is a leading provider of mobile data collection solutions for business productivity applications. It delivers comprehensive, best-in-class, and cost-effective solutions to a broad customer base including retail, hospitality, transportation, logistics, healthcare, and field service organizations. The company’s market capitalization as of 2023 is 13.18M and its return on equity is -1.39%, which is a measure of how well the company is using its resources to generate earnings. The company’s market cap indicates that it is a small-cap stock, and its negative ROE suggests that the company has been utilizing its shareholder’s equity ineffectively to generate earnings.
Summary
Investors in TINGO GROUP responded negatively to the company’s earnings report for the second quarter of FY2023, released on August 31 2023. Despite this strong growth, net income of USD 96.5 million still represented a decrease from last year’s net loss of USD 14.3 million. Investors expressed concern about the company’s profitability and sent shares of the stock price lower on the day. Going forward, investors will be watching closely to see if TINGO GROUP can continue to record strong revenue growth while also driving profitability.
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