Valuemax Group Stock Fair Value – VALUEMAX GROUP Reports Second Quarter FY2023 Earnings Results on June 30 2023
August 22, 2023
🌥️Earnings Overview
On June 30th 2023, VALUEMAX GROUP ($SGX:T6I) reported their second quarter FY2023 earnings results. Total revenue came to SGD 151.8 million, a 1.1% decrease from the same quarter in the previous fiscal year. Net income was SGD 25.1 million, a 0.4% decrease from the same quarter last year.
Stock Price
The stock opened at SG$0.3 and closed the day at the same price. It is well-known for providing innovative solutions for corporate and consumer clients around the world. These solid financials were driven by strong customer acquisitions and a diversified portfolio of products and services.
Overall, VALUEMAX GROUP‘s second quarter FY2023 earnings results demonstrate that the company is well-positioned to capitalize on growing demand for financial services throughout the region. The company is confident that its long-term strategies will enable it to continue growing its operations and delivering strong returns for investors in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Valuemax Group. More…
| Total Revenues | Net Income | Net Margin |
| 285.42 | 44.32 | 15.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Valuemax Group. More…
| Operations | Investing | Financing |
| -173.68 | -4.96 | 129.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Valuemax Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.1k | 719.21 | 0.51 |
Key Ratios Snapshot
Some of the financial key ratios for Valuemax Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | 19.3% | 20.4% |
| FCF Margin | ROE | ROA |
| -62.6% | 9.9% | 3.3% |
Analysis – Valuemax Group Stock Fair Value
At GoodWhale, we have conducted an analysis of VALUEMAX GROUP‘s financials. Our proprietary Valuation Line has found that the fair value of VALUEMAX GROUP share is around SG$0.3. Currently, VALUEMAX GROUP stock is traded at SG$0.3, making it a fair price which is undervalued by 5.1%. We believe this could be an opportunity for investors to earn a potential upside return on their investment. More…
Peers
In the jewelry retail industry, there is intense competition between ValueMax Group Ltd and its competitors: U. H. Zaveri Ltd, Poh Kong Holdings Bhd, Eighty Jewellers Ltd. All four companies are vying for market share in the sale of gold, silver, and diamond jewelry. In order to stay competitive, all four companies have engaged in price wars, promotions, and aggressive marketing campaigns.
– U. H. Zaveri Ltd ($BSE:541338)
U. H. Zaveri Ltd is an Indian jewellery company. It was founded in 1894 by Umarali Hirji Zaveri. The company is headquartered in Mumbai, India. It has a market cap of 363.93M as of 2022 and a Return on Equity of 2.64%. The company designs, manufactures and sells gold, silver and diamond jewellery. It has a network of stores across India and also exports to countries such as the United States, the United Kingdom, Canada, Australia, Singapore and the United Arab Emirates.
– Poh Kong Holdings Bhd ($KLSE:5080)
Poh Kong Holdings Bhd is a Malaysia-based company engaged in the business of gold trading, jewellery manufacturing and retailing. The Company is also engaged in the business of property investment and development. The Company operates its businesses through two segments: Gold and Property. The Gold segment is engaged in the business of gold trading, jewellery manufacturing and retailing. The Property segment is engaged in the business of property investment and development.
– Eighty Jewellers Ltd ($BSE:543518)
Eighty Jewellers Ltd is a jewellery company with a market cap of 502.82M as of 2022. The company has a return on equity of 54.03%. The company designs, manufactures and sells jewellery products. The company operates in the United Kingdom, the United States, Hong Kong, China and India.
Summary
VALUEMAX GROUP‘s second quarter of FY2023 saw a total revenue of SGD 151.8 million, a slight decrease of 1.1% from the same period in the previous year. Net income was SGD 25.1 million, 0.4% lower than the same period in FY2022. From an investing perspective, VALUEMAX GROUP’s revenue and net income remain relatively stable, providing investors with good returns. The company’s long-term prospects remain strong, despite recent declines, and investors should keep an eye on their financial performance in the coming years.
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