PL Intrinsic Value Calculator – PLANET LABS PBC Reports Earnings Results for Q2 of FY2024 as of September 7 2023
September 10, 2023
🌥️Earnings Overview
On September 7 2023, PLANET LABS PBC ($NYSE:PL) reported their Q2 FY2024 earnings results for the period ending July 31 2023. Compared to the same period in the previous year, total revenue increased by 11.0% to USD 53.8 million. The company’s net income for the quarter was USD -38.0 million, compared to the figure reported in the same quarter of the previous year, which was -39.5 million.
Market Price
The stock opened at $3.2 and closed at $3.1, down by 2.5% from its previous closing price of $3.2. The company attributed the drop in profits to higher costs of operations and an increase in investments in research and development. To offset the losses, PLANET LABS PBC refocused on expanding its core services to existing customers and introducing new products and services to the market. Furthermore, the company is optimistic that future investments in technology and innovation will provide long-term growth benefits for the organization.
However, the company remains optimistic that its ongoing investments in technology will eventually lead to greater success over the long-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PL. More…
| Total Revenues | Net Income | Net Margin |
| 209.14 | -150.5 | -74.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PL. More…
| Operations | Investing | Financing |
| -66.13 | -83.38 | 5.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 720.42 | 180.85 | 1.95 |
Key Ratios Snapshot
Some of the financial key ratios for PL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.9% | – | -75.9% |
| FCF Margin | ROE | ROA |
| -45.3% | -18.1% | -13.8% |
Analysis – PL Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of the fundamentals of PLANET LABS PBC. After careful consideration, we have come to the conclusion that its fair value of is around $8.6. This was calculated using our proprietary Valuation Line. Despite this number, the current market price of PLANET LABS PBC stock is at $3.1, which is undervalued by 63.8%. Clearly, there is a significant amount of potential for those willing to invest in this stock. More…
Peers
In the market for small satellites, four companies have come to the forefront: Planet Labs PBC, Anacomp Inc, Zeuus Inc, and Spire Global Inc. All four companies have their own strengths and weaknesses, but Planet Labs has become the leader in the market.
– Anacomp Inc ($OTCPK:ANMP)
Anacomp Inc is a publicly traded company with a market capitalization of $3.74 million as of 2022. The company has a return on equity of 55.96%. Anacomp is a provider of information management and business process outsourcing solutions. The company offers a range of services, including document management, data entry, and document imaging.
– Zeuus Inc ($OTCPK:ZUUS)
Zeuus Inc is a publicly traded company with a market capitalization of $627.78 million as of January 2022. The company has a return on equity of 1191.01%. Zeuus Inc is a provider of online marketing and advertising solutions. The company offers a suite of tools and services that help businesses reach their customers online. Zeuus Inc is headquartered in New York, NY.
– Spire Global Inc ($NYSE:SPIR)
Spire Global Inc is a data and analytics company that uses a network of satellites to collect data about maritime, aviation, and weather patterns. The company has a market cap of 208.44M as of 2022 and a Return on Equity of -7.96%. The company’s main competitors are Orbcomm, Inmarsat, and Iridium.
Summary
Investors in PLANET LABS PBC have much to be pleased about, as the company has seen continuous growth in their revenues. In the second quarter of FY 2024, total revenue increased 11.0% to USD 53.8 million. Notably, the company has maintained its profitability despite the global economic downturn, which provides investors with increased confidence in their investment. As PLANET LABS PBC continues to develop and launch new products and services, investors have a bright outlook for the future.
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