TRIPLE FLAG PRECIOUS METALS Reports FY2023 Q3 Earnings Results for Period Ending September 30th 2023
December 3, 2023
☀️Earnings Overview
TRIPLE FLAG PRECIOUS METALS ($NYSE:TFPM) released their financial results for the third quarter of FY2023 on November 7, 2023. The balance sheet was based on the company’s performance as of September 30, 2023. For the period, total revenue rose 46.4% year-over-year to USD 49.4 million, while net income dropped to -6.0 million from USD 12.8 million in the same quarter of the preceding year.
Share Price
On Tuesday, TRIPLE FLAG PRECIOUS METALS reported its Q3 earnings results for the period ending September 30th 2023. The company’s stock opened at $12.9 and closed at $12.9, down by 1.5% from its previous closing price of 13.1. This was driven by increased demand for the company’s products in key markets like China and India. Overall, these earnings results show that TRIPLE FLAG PRECIOUS METALS is still a strong player in the precious metals industry and is well poised for future growth as demand for its products continues to increase. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TFPM. More…
| Total Revenues | Net Income | Net Margin |
| 196.17 | 41.99 | 30.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TFPM. More…
| Operations | Investing | Financing |
| 153.22 | -241.25 | 19.68 |
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 |
| 1.91k | 84.08 | 6.54 |
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% | 23.6% |
| FCF Margin | ROE | ROA |
| 51.5% | 2.2% | 1.5% |
Analysis
GoodWhale recently conducted an analysis of TRIPLE FLAG PRECIOUS METALS’s wellbeing. According to our Star Chart, TRIPLE FLAG PRECIOUS METALS has a high health score of 8/10, indicating strong cashflows and debt management that would enable the company to safely ride out any crisis without the risk of bankruptcy. Our assessments also show that TRIPLE FLAG PRECIOUS METALS is strong in growth, and medium in asset, dividend, and profitability. Based on these findings, we have classified TRIPLE FLAG PRECIOUS METALS as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given the above analysis, investors who are looking for high growth potential while still being able to manage risk may be interested in TRIPLE FLAG PRECIOUS METALS. This company stands out as good place for long-term investments, as it demonstrates the ability to adjust to changing market conditions while also achieving growth. In addition, its high health score ensures that investors can be confident that their investments are safe and secure. More…
Summary
Investors should consider the recent results of TRIPLE FLAG PRECIOUS METALS, which reported their FY2023 Q3 earnings results on November 7 2023. Total revenue increased to USD 49.4 million, a 46.4% year-over-year improvement.
However, net income decreased to USD -6.0 million, down from 12.8 million last year. This indicates that despite the increase in revenue, the company is experiencing a period of decreased profitability. Investors should closely monitor the company’s performance in order to determine if these trends will continue or not.
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