Allbirds Intrinsic Value Calculator – ALLBIRDS Reports Second Quarter FY2023 Earnings on June 30 2023
August 13, 2023
🌥️Earnings Overview
Allbirds ($NASDAQ:BIRD) announced their Q2 FY2023 earnings results on June 30 2023, for the period ending August 8 2023. Total revenue decreased by 9.8% year-over-year to USD 70.5 million, while net income slightly increased to -28.9 million from -29.4 million in the same period last year.
Price History
On Tuesday, June 30 2023, ALLBIRDS reported its second quarter FY2023 earnings. Analysts were surprised by the sudden decrease in the stock’s price after the announcement of earnings. The investors reacted to the report with a sharp decline in the stock price.
Despite this, analysts remain optimistic about ALLBIRDS’ outlook for the future. They believe that as the company continues to focus on innovation and customer service, they will be able to increase their profits over the long term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Allbirds. More…
| Total Revenues | Net Income | Net Margin |
| 281.66 | -114.21 | -37.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allbirds. More…
| Operations | Investing | Financing |
| -46.04 | -22.36 | 1.55 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Allbirds. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 405.82 | 141.97 | 1.74 |
Key Ratios Snapshot
Some of the financial key ratios for Allbirds are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.4% | – | -38.3% |
| FCF Margin | ROE | ROA |
| -24.3% | -24.5% | -16.6% |
Analysis – Allbirds Intrinsic Value Calculator
At GoodWhale, we analyzed ALLBIRDS‘s financials and came up with a fair value of the ALLBIRDS share at around $4.2, which was calculated through our proprietary Valuation Line. Currently, ALLBIRDS stock is traded at $1.3 per share, making it undervalued by 69.3%. We believe that this discrepancy between the fair value and trading price presents a great opportunity for investors looking to purchase undervalued stocks. More…
Peers
In the highly competitive world of athletic footwear, Allbirds Inc. has managed to carve out a successful niche for itself. The company has seen success in recent years thanks to its focus on environmentally friendly and comfortable shoes.
However, it faces stiff competition from well-established brands such as Adler Modemarkte AG, CCC SA, and Buckle Inc.
– Adler Modemarkte AG ($LTS:0P54)
Adler Modemarkte AG is a German retail company that operates a chain of fashion stores. The company was founded in 1946 and is headquartered in Frankfurt, Germany. Adler Modemarkte AG operates approximately 200 stores in Germany, Austria, and Switzerland. The company offers a range of clothing and accessory products for men, women, and children under the Adler, New Yorker, and Bonita brands.
– CCC SA ($LTS:0LS5)
As of 2022, the market cap for CC SA is 1.92B. The company’s ROE is 2.39%. CC SA is a holding company that engages in the businesses of providing investment banking, asset management, and private banking services.
– Buckle Inc ($NYSE:BKE)
Buckle Inc is a leading retailer of casual apparel, footwear, and accessories for young men and women in the United States. The company has a market cap of 1.81B as of 2022 and a Return on Equity of 55.65%. Buckle Inc operates over 450 stores in 44 states under the names Buckle and The Buckle. The company offers a wide variety of brands, including its own private label, and provides customers with a unique shopping experience.
Summary
Allbirds has reported its earnings results for the second quarter of FY2023, showing a 9.8% reduction in total revenue compared to the same period last year. Net income was also lower at -28.9 million, though slightly better than the previous year’s figure of -29.4 million. The stock price reacted accordingly, falling on the day of the announcement.
For investors, this could indicate that Allbirds is experiencing a period of financial difficulty and is unlikely to deliver short-term returns. Long-term investors may want to take a closer look to see if Allbirds is able to recover in the coming quarters and if its long-term prospects remain strong.
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