Venture Corporation Stock Fair Value – VENTURE CORPORATION Reports 11.9% Decrease in Total Revenue for Quarter Ending June 30, 2023
August 15, 2023
🌥️Earnings Overview
VENTURE CORPORATION ($SGX:V03) reported total revenue of SGD 1582.2 million for the quarter ending June 30, 2023, which was 11.9% lower than in the same quarter in the previous year. The company’s net income for the period was SGD 140.0 million, a decrease of 19.7% compared to the same quarter in the previous year, and these figures were reported on August 4, 2023.
Analysis – Venture Corporation Stock Fair Value
GoodWhale has conducted an analysis of VENTURE CORPORATION‘s fundamentals and found that the intrinsic value of a VENTURE CORPORATION share is about SG$18.0. This figure was calculated using GoodWhale’s proprietary Valuation Line. Currently, VENTURE CORPORATION stock is traded at SG$14.4, undervaluing the stock by 19.8%. This means that VENTURE CORPORATION shares are trading at a fair price, offering investors an opportunity to purchase shares at a reduced rate. GoodWhale recommends that investors take advantage of this opportunity before the stock price increases. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Venture Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 3.65k | 335.34 | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Venture Corporation. More…
| Operations | Investing | Financing |
| 477.04 | -33.78 | -229.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Venture Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.64k | 820.7 | 9.67 |
Key Ratios Snapshot
Some of the financial key ratios for Venture Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.8% | 4.1% | 11.2% |
| FCF Margin | ROE | ROA |
| 11.6% | 9.0% | 7.0% |
Peers
Its competitors include Plexus Corp, Jabil Inc, and Flex Ltd.
– Plexus Corp ($NASDAQ:PLXS)
As of 2022, Plexus Corp has a market cap of 2.77B and a ROE of 10.11%. The company is a leading provider of electronics manufacturing services (EMS) to original equipment manufacturers (OEMs) in the aerospace and defense, medical, industrial, communications, and other end markets. It offers a wide range of services, including design and engineering, new product introduction, prototyping, manufacturing, supply chain management, and aftermarket services.
– Jabil Inc ($NYSE:JBL)
Jabil Inc is a global manufacturing solutions provider that offers electronics design, manufacturing, and repair services. The company serves customers in a variety of industries, including automotive, healthcare, industrial, and consumer. Jabil Inc has a market cap of 8.57B as of 2022 and a Return on Equity of 35.94%. The company has a diversified customer base and a strong financial position, which has allowed it to weather the COVID-19 pandemic relatively well.
– Flex Ltd ($NASDAQ:FLEX)
Flex Ltd is a global leader in the design, manufacture, and distribution of a broad range of products and services that are used in a variety of end markets, including data communications, computing, consumer electronics, automotive, aerospace, and defense. The company has a market cap of $8.82 billion and a return on equity of 19.66%. Flex Ltd is a publicly traded company on the Nasdaq Global Select Market under the ticker symbol FLEX.
Summary
Venture Corporation‘s financial results for the quarter ending June 30th, 2023 indicate a year-over-year decline in total revenue by 11.9%, with a decrease in net income of 19.7%. This news has had a negative impact on the market reaction to Venture Corporation as investors remain concerned about the company’s financial health. Analysts have highlighted the need for Venture Corporation to make improvements in its cost structure and to focus on long-term value creation in order to provide a better outlook for shareholders. While the current financial performance is concerning, investors should watch closely to see if the company is able to turn its fortunes around and create value for investors over the long term.
Related Posts
Recent Posts
