UP Stock Fair Value Calculation – Wheels Up Experience Reports Earnings Results for Fiscal Year 2023 Third Quarter Ending September 30 2023
November 22, 2023
🌥️Earnings Overview
On November 9, 2023, WHEELS UP EXPERIENCE ($NYSE:UP) reported their earnings results for the third quarter of fiscal year 2023, ending September 30, 2023. The total revenue for this quarter was USD 320.1 million, a 23.9% decrease from the same quarter of the prior year. The net income for this quarter was USD -144.8 million, a decline from the net income of -86.8 million reported for the same quarter of the previous year.
Price History
The stock opened at $1.3 and closed at the same amount, which represented a 5.7% drop from the previous closing price of $1.4. The latest earnings report marks the third consecutive quarter that WHEELS UP EXPERIENCE has reported a decline in its profits. This downward trend has been attributed to various factors, such as increased competition in the market and rising operating costs. Investors have expressed concern about the company’s ability to turn things around in the near future given the current economic conditions. Despite the challenging economic environment, WHEELS UP EXPERIENCE remains confident that its long-term strategy will be successful.
The company has made a number of changes and investments to its operations in an effort to increase efficiency and drive growth. It has also focused on expanding its product offerings and engaging with customers through innovative digital initiatives. Overall, WHEELS UP EXPERIENCE is taking steps to ensure the company’s success in the coming years. With a commitment to innovation and a focus on customer satisfaction, the company is confident that it can overcome the current challenges and achieve its financial goals. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for UP. More…
| Total Revenues | Net Income | Net Margin |
| 1.42k | -631.18 | -31.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for UP. More…
| Operations | Investing | Financing |
| -603.84 | 33.1 | 535.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for UP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.33k | 1.18k | 0.87 |
Key Ratios Snapshot
Some of the financial key ratios for UP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 60.1% | – | -42.1% |
| FCF Margin | ROE | ROA |
| -45.7% | -471.5% | -28.1% |
Analysis – UP Stock Fair Value Calculation
At GoodWhale, we have conducted an analysis of WHEELS UP EXPERIENCE’s financials. After examining the data, our proprietary Valuation Line has determined that the intrinsic value of a WHEELS UP EXPERIENCE share is around $7.8. However, the price of WHEELS UP EXPERIENCE stock is currently only trading at $1.3 — this means that it is currently undervalued by 83.4%. This presents a great opportunity for savvy investors who may wish to take advantage of this attractive discount. More…
Peers
The aviation industry is fascinating due to the immense amount of competition that exists between the different companies. In particular, the competition between Wheels Up Experience Inc and its competitors Star Jets International Inc, Air Partner PLC, and Atlas Air Worldwide Holdings Inc is particularly fascinating. Each company offers a unique service that caters to a different type of customer.
– Star Jets International Inc ($OTCPK:JETR)
Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the largest provider of ACMI freighter services and also operates a fleet of Boeing 747, 777, 767, 757 and 737 aircraft for major airlines around the world. The company has a strong presence in the airfreight market with a global network that includes more than 70 locations.
Summary
Investors in WHEELS UP EXPERIENCE experienced a setback when the company reported financial results for its fiscal year 2023 third quarter. Total revenue for the quarter was USD 320.1 million, which marked a 23.9% decrease from the same period the previous year. Net income for this quarter was USD -144.8 million, a significant drop from the net income of -86.8 million in the same quarter last year.
This news saw the stock price plummet the same day. Investors may want to be cautious when considering WHEELS UP EXPERIENCE as a potential investment at this time due to the weak financial results and uncertain future outlook.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
