Enviva Partners Stock Fair Value – Atria Wealth Solutions Reduces Stake in Enviva Inc
June 20, 2023
☀️Trending News
Atria Wealth Solutions Inc. recently announced that they have reduced their stake in Enviva Inc., a global leader in the production of sustainable wood pellets. Enviva Partners ($NYSE:EVA), LP is the publicly traded limited partnership which owns and operates wood pellet processing plants and deep-water export terminals in the southeastern United States and international production facilities. Enviva Partners has a diversified portfolio of long-term contracted customers and a strong market position, with long-term contracts with utilities and industrial customers in Europe, South Korea, Japan, and Taiwan. The company’s strategy is to supply consistent, quality wood pellets to its customers from reliable external sources that have been developed over years of experience in the wood pellet industry. The company’s operations are vertically integrated, ranging from raw material sourcing to the manufacturing and exporting of wood pellets to customers.
The partnership’s facilities include seven manufacturing plants and two deep-water port terminals located across the southeastern United States. Enviva Partners also has an international production facility located in the Netherlands. By reducing their stake in Enviva Inc., Atria Wealth Solutions Inc. has demonstrated their commitment to sustainability, as Enviva Inc.’s global production of sustainable wood pellets helps to reduce greenhouse gas emissions and promote renewable energy.
Share Price
On Thursday, shares of ENVIVA PARTNERS opened at $10.7 and closed the day at $11.5, representing a 7.3% increase from the previous closing price. The surge in the stock is likely due to news of Atria Wealth Solutions reducing their stake in the company. This exact amount of shares was not disclosed, but it is understood to have been part of a larger sale. It is unclear if Atria Wealth Solutions will continue to decrease its stake in Enviva in the future or if this sale was a one-time event. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enviva Partners. More…
| Total Revenues | Net Income | Net Margin |
| 1.13k | -243.26 | -26.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enviva Partners. More…
| Operations | Investing | Financing |
| -13.97 | -236.99 | 467.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enviva Partners. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.54k | 2.42k | 2.61 |
Key Ratios Snapshot
Some of the financial key ratios for Enviva Partners are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.7% | 8.3% | -9.9% |
| FCF Margin | ROE | ROA |
| -22.2% | -27.4% | -2.8% |
Analysis – Enviva Partners Stock Fair Value
At GoodWhale, we have conducted an analysis of ENVIVA PARTNERS‘s financials and our evaluation puts the fair value of ENVIVA PARTNERS share at around $44.1, as determined by our proprietary Valuation Line. We find that ENVIVA PARTNERS stock is currently being traded at only $11.5, undervalued by 73.9%. This presents a great opportunity for investors who are looking for a good value buy. More…
Peers
Its competitors are West Fraser Timber Co. Ltd, Charbone Hydrogen Corp, and National Plywood Industries Ltd.
– West Fraser Timber Co.Ltd ($TSX:WFG)
With a market cap of 9.1B as of 2022, West Fraser Timber Co.Ltd is a large company with a lot of capital. Its return on equity of 25.41% shows that it is a profitable company that reinvests its earnings back into the business. The company is a leading forest products company that produces lumber, wood chips, and other forest products.
– Charbone Hydrogen Corp ($TSXV:CH)
Charbone Hydrogen Corp is a hydrogen fuel company with a market cap of 8.98M as of 2022. The company has a Return on Equity of 84.65%. The company produces hydrogen fuel for use in transportation, industry, and power generation. The company has a strong focus on research and development in order to improve the efficiency and safety of its products.
– National Plywood Industries Ltd ($BSE:516062)
National Plywood Industries Ltd is a leading manufacturer of plywood and allied products in India. The company has a market cap of 246.18M as of 2022. It manufactures a wide range of plywood and allied products, including blockboards, flush doors, laminated boards, and veneers. The company has a strong presence in the Indian market with a wide network of dealers and distributors. It exports its products to more than 50 countries across the globe.
Summary
Enviva Partners, LP (NYSE: EVA) is a publicly traded master limited partnership that operates as a wood pellet producer and supplier to power plants in Europe and Asia. Recently, Atria Wealth Solutions Inc. announced a significant reduction in its position in Enviva Partners, LP. This is a bearish sign for the company’s stock, as it indicates a lack of confidence in its future prospects and performance.
However, despite this news, the stock price for Enviva Partners, LP still moved up the same day. This could be due to investors believing that the selloff was overblown and that there are still opportunities for growth in this wood pellet sector. Given that the price is still up after the news, investors may want to consider adding Enviva Partners, LP to their portfolios, although they should do their own research before investing.
