Best Announces Strong Q3 Results with EPS of $0.59 and Revenue of $285.3 Million

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Best Inc Intrinsic Value – BEST ($NYSE:BEST) Inc. (Nasdaq: BEST) announced strong Q3 results today, with non-GAAP EPS of $0.59 and revenue of $285.3 million. The company attributed the strong results to continued execution on its growth strategy, which includes expanding its logistics network, improving its technology platform, and building out its sales and marketing efforts. Looking ahead, Best expects to continue to invest in its growth initiatives, which should drive further improvements in results.

Earnings

This represents a 18.8% decrease in total revenue and a 156.2% increase in net income compared to the same period last year. The company attributed its strong performance to its focus on innovative technology and efficient operations. In the last three years, Best Inc.’s total revenue has grown from 10528.2M CNY to 9278.0M CNY. The company is confident that its strategy will continue to deliver strong results in the future.

Market Price

The company’s stock price dropped by 10.0% from the previous day’s close, however, as investors reacted to the news. So far, the media has been mostly positive in its coverage of Best Inc.’s strong results.

However, some investors are concerned about the company’s future prospects, given the current economic climate. Only time will tell how Best Inc. will fare in the future. For now, the company is doing well and its strong Q3 results are a testament to that.

VI Analysis – Best Inc Intrinsic Value Calculator

BEST Inc. is a leading player in the Chinese logistics industry, with a market share of around 10%. The company’s fundamentals reflect its long-term potential. The fair value of BEST Inc. shares is around $10.6, as calculated by the VI Line. However, the stock is currently trading at just $0.6, which represents a huge 94% discount to its fair value.

VI Peers

The company offers a comprehensive range of services including logistics, warehousing, transportation, and e-commerce. BEST Inc has a strong network of partners and suppliers, and its competitive advantage lies in its ability to provide cost-effective and efficient solutions to meet the needs of its customers.

– Shenzhen Feima International Supply Chain Co Ltd ($SZSE:002210)

Shenzhen Feima International Supply Chain Co Ltd is a Chinese company that offers logistics and supply chain management services. The company has a market capitalization of 6.33 billion as of 2022 and a return on equity of 9.46%. Shenzhen Feima International Supply Chain Co Ltd is a publicly traded company listed on the Shenzhen Stock Exchange.

– Shenzhen Prolto Supply Chain Management Co Ltd ($SZSE:002769)

Shenzhen Prolto Supply Chain Management Co Ltd is a company that provides supply chain management services. It has a market capitalization of 3.28 billion as of 2022 and a return on equity of 2.47%. The company offers services such as procurement, logistics, warehousing, and transportation. It also provides information technology services.

– Xinjiang Tianshun Supply Chain Co Ltd ($SZSE:002800)

Xinjiang Tianshun Supply Chain Co Ltd is a company that operates in the supply chain management industry. The company has a market capitalization of 2.17 billion as of 2022 and a return on equity of 6.85%. The company operates in the Xinjiang region of China and provides supply chain management services to companies in the region. The company has a strong focus on the food and beverage industry and has a wide network of suppliers and customers in the region. The company is well-positioned to benefit from the growing demand for supply chain management services in the region.

Summary

Investing in Best Inc. (NYSE: BEST) may be a good idea for investors looking for exposure to the Chinese economy. The company is a leading express delivery and logistics service provider in China, and is well-positioned to benefit from the country’s growing e-commerce market. So far, media exposure has been mostly positive for the company.

However, the stock price moved down on the same day that the results were announced. This may present a good buying opportunity for investors looking for long-term growth potential.