RKLB Intrinsic Value – ROCKET LAB USA Reports Third Quarter FY2023 Earnings Results on September 30, 2023
November 26, 2023
🌥️Earnings Overview
ROCKET LAB USA ($NASDAQ:RKLB) reported a 7.3% increase in revenue for the third quarter of fiscal year 2023, reaching a total of USD 67.7 million. However, the company saw a decrease in net income from the prior year, falling from -34.6 million to -40.6 million. The earnings results were announced on September 30 2023.
Market Price
On Wednesday, September 30, 2023, ROCKET LAB USA reported its third quarter earnings results for FY2023. The company’s stock opened at $4.5 and closed at $4.4, a decrease of 3.1% from the prior closing price of 4.5. During the third quarter, ROCKET LAB USA recorded a revenue growth of 7.3%, outpacing that of its competitors in the industry. The company attributed the growth to its innovative launch vehicles and services, which allowed for a greater number of launches than the prior quarter.
In addition, ROCKET LAB USA was able to reduce costs by streamlining processes and using more efficient supply chains. This allowed for a more efficient use of resources as well as more competitive pricing for customers. This increase in profitability was attributed to increased sales and improved operational efficiency. Overall, ROCKET LAB USA had a successful third quarter for FY2023 and is optimistic about continuing this trend in the coming quarters. The company is confident that its strategy of innovation and efficiency will continue to serve it well in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RKLB. More…
| Total Revenues | Net Income | Net Margin |
| 236.36 | -169.28 | -71.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RKLB. More…
| Operations | Investing | Financing |
| -75.6 | -122.38 | 5.33 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RKLB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 950.49 | 364.69 | 1.21 |
Key Ratios Snapshot
Some of the financial key ratios for RKLB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -70.8% |
| FCF Margin | ROE | ROA |
| -57.1% | -17.5% | -11.0% |
Analysis – RKLB Intrinsic Value
GoodWhale recently conducted an analysis of ROCKET LAB USA’s fundamentals. Our proprietary Valuation Line suggests that the fair value of a ROCKET LAB USA share is around $14.0. However, the stock is currently trading at $4.4. This means that the current price of ROCKET LAB USA shares is undervalued by 68.6%. This presents an exciting opportunity for investors to acquire ROCKET LAB USA shares at an attractive price. More…
Peers
Rocket Lab USA Inc is an American aerospace manufacturer and small satellite launch services provider founded in 2006 by Peter Beck. The company has developed the Electron rocket, a two-stage launch vehicle designed to deliver small payloads to low Earth orbit. The company has launched over 50 missions to space, including launches for the US government, commercial customers, and international partners. The company’s main competitors are Astra Space Inc, Donaldson Co Inc, and ZIM Integrated Shipping Services Ltd.
– Astra Space Inc ($NASDAQ:ASTR)
Astra Space Inc has a market cap of 148.19M as of 2022, a Return on Equity of -66.31%. The company is engaged in the development of technology for small satellites and launch vehicles.
– Donaldson Co Inc ($NYSE:DCI)
Donaldson Company, Inc. engages in the manufacture and sale of filtration systems and replacement parts. It operates through the following segments: Engine Products, Industrial Products, and Corporate. The Engine Products segment offers replacement filters and parts for off-road equipment, on-road vehicles, and industrial equipment. The Industrial Products segment comprises of replacement filters and parts for industrial equipment, including dust, fume, mist, toxic and submicron particulates, and aerosumable products. The Corporate segment includes the unallocated expenses of the company. Donaldson was founded by Frank Donaldson in 1915 and is headquartered in Bloomington, MN.
– ZIM Integrated Shipping Services Ltd ($NYSE:ZIM)
ZIM Integrated Shipping Services Ltd is a global shipping company that operates a fleet of cargo vessels. The company has a market cap of 2.92B as of 2022 and a return on equity of 105.77%. The company’s vessels transport a variety of cargo, including containers, dry bulk, and break bulk. ZIM also provides shipping and logistics services, such as container management, terminal operations, and supply chain solutions.
Summary
Investors have been closely watching Rocket Lab USA since the company reported its earnings results for the third quarter of FY2023 on September 30 2023. The quarterly revenue of USD 67.7 million was a 7.3% year-on-year growth, however, the net income of USD -40.6 million was a decrease from the prior year’s figure of -34.6 million. The stock price subsequently dropped on the same day. The company’s outlook is uncertain in the short to medium term, and investors are encouraged to carefully consider their investments in the company.
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