TRIPLE FLAG PRECIOUS METALS Reports 44.1% Year-Over-Year Increase in Total Revenue for FY2023 Q2
August 20, 2023
☀️Earnings Overview
TRIPLE FLAG PRECIOUS METALS ($NYSE:TFPM) reported a total revenue of USD 52.6 million for the second quarter of FY2023, which ended on June 30 2023, indicating a 44.1% year-over-year increase. The company’s net income for the quarter was also up 46.8% compared to the same quarter in the previous year, totaling USD 16.0 million.
Analysis
GoodWhale has conducted an analysis of TRIPLE FLAG PRECIOUS METALS’s wellbeing and the results have been encouraging. According to the Star Chart, the company has been classified as ‘cheetah’, meaning it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This could make it attractive to certain types of investors who are looking for higher growth but are willing to take on a bit more risk. TRIPLE FLAG PRECIOUS METALS has a health score of 8/10, meaning that it is in a strong position to sustain future operations in times of crisis. This is mainly due to its healthy cashflows and debt levels. In terms of other aspects of the company’s wellbeing, it is strong in growth, and medium in asset, dividend, and profitability. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TFPM. More…
| Total Revenues | Net Income | Net Margin |
| 180.5 | 60.84 | 35.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TFPM. More…
| Operations | Investing | Financing |
| 141.82 | -222.73 | 23.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TFPM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.92k | 81.79 | 6.53 |
Key Ratios Snapshot
Some of the financial key ratios for TFPM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 36.9% | 301.9% | 38.8% |
| FCF Margin | ROE | ROA |
| 49.6% | 3.3% | 2.3% |
Summary
Investors should be encouraged by the recent results of TRIPLE FLAG PRECIOUS METALS, which reported total revenue of USD 52.6 million for the second quarter of FY2023, a 44.1% increase from the previous year. Net income for the quarter was also up 46.8%, reaching USD 16.0 million. This suggests that the company has a strong and growing presence in the precious metals market, and that its products and services are gaining traction with customers. Investors may find this company an attractive choice for their portfolios.
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