STAGWELL INC Reports Total Revenue of USD 632.3 Million for Q2 FY2023, Down 6.0% YoY
August 27, 2023
🌥️Earnings Overview
For the second quarter of FY2023, which ended June 30, 2023, STAGWELL INC ($NASDAQ:STGW) reported a total revenue of USD 632.3 million, a decrease of 6.0% from the same period in the previous year. Net income was USD -4.7 million, compared to 10.5 million in the same period in FY2022. The results were released on August 8, 2023.
Analysis
GoodWhale has conducted an analysis of STAGWELL INC‘s wellbeing and has found it to be a high risk investment, based on their Risk Rating. Financial and business aspects have been taken into account in this assessment. In addition, GoodWhale has detected two risk warnings in STAGWELL INC’s balance sheet and cashflow statement. To access more information on the company’s financial health, register with us to check it out. We hope our analysis will help investors make informed decisions when dealing with STAGWELL INC. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Stagwell Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.63k | -0.12 | 3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Stagwell Inc. More…
| Operations | Investing | Financing |
| 310.71 | -91.46 | -193.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Stagwell Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.85k | 3.09k | 2.79 |
Key Ratios Snapshot
Some of the financial key ratios for Stagwell Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 62.3% | 90.5% | 3.1% |
| FCF Margin | ROE | ROA |
| 10.1% | 12.6% | 1.3% |
Peers
In the competitive world of marketing, Stagwell Inc. has been making a name for itself against some tough competition. IMS SA, Stran & Co Inc, and Beijing Tensyn Digital Marketing Technology JSC have all been vying for a piece of the pie, but Stagwell Inc. has been holding its own. Thanks to its innovative strategies and cutting-edge technology, Stagwell Inc. has been able to stay ahead of the curve and come out on top.
– IMS SA ($LTS:0R4I)
Founded in 1884, IMS SA is a leading provider of medical and healthcare services in Switzerland. The company has a market cap of 67.17M as of 2022 and a ROE of 23.14%. IMS SA provides a wide range of medical and healthcare services, including primary care, hospital care, and mental health services. The company also offers a wide range of insurance products, including health, life, and disability insurance.
– Stran & Co Inc ($NASDAQ:STRN)
Stran & Co Inc is a public company that provides insurance and risk management services. The company has a market capitalization of 28.9 million as of 2022 and a return on equity of -0.76%. The company’s primary business is providing insurance and risk management services to clients in the United States.
– Beijing Tensyn Digital Marketing Technology JSC ($SZSE:300392)
Beijing Tensyn Digital Marketing Technology JSC has a market cap of 1.22B as of 2022, a Return on Equity of -47.42%. The company is a provider of digital marketing technology and services in China. It offers a suite of marketing tools and services that help businesses reach and engage with their customers online. The company’s products and services include website development and design, search engine optimization, social media marketing, and online advertising.
Summary
Investors should take note of STAGWELL INC‘s second quarter financial results for FY2023, ending June 30 2023. Total revenue was reported at USD 632.3 million, a decrease of 6.0% compared to the same period in the previous year. Net income was reported at USD -4.7 million, a decrease from the previous year’s result of 10.5 million. Given the lower revenue and net income, investors should evaluate whether STAGWELL INC remains a viable investment option.
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