Wisdomtree Inc Stock Fair Value Calculator – WISDOMTREE INC Reports Second Quarter Earnings Results for FY2023
August 23, 2023
🌥️Earnings Overview
On July 28, 2023, WISDOMTREE INC ($NYSE:WT) reported their earnings results for the Q2 of FY2023, which ended on June 30, 2023. Total revenue was USD 85.7 million, representing an increase of 11.0% compared to the same quarter a year ago. Net income for the period amounted to USD 54.2 million, a significant growth from the USD 8.0 million reported in the previous year.
Market Price
On Friday, WISDOMTREE INC reported its second quarter earnings results for FY2023. Stock opened at $7.2 but closed at $6.8 by the end of the day, showing a 3.3% decrease from its last closing price of $7.0. This is yet another sign of the company’s struggle to maintain a profitable position in the market. The company’s current financial standing is of great concern to investors as WISDOMTREE INC continues to face tough competition from its competitors in the industry.
Despite its efforts to restructure its operations and bring in new strategies for growth, the company has yet to show signs of improvement in its quarterly earnings report. WISDOMTREE INC’s stock price has been on a downward slope since the start of the year, and this latest earnings report further highlights the challenges that the company is currently facing. As the company continues to look for ways to improve its position in the market, investors will be keeping a close watch on WISDOMTREE INC’s progress and performance over the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wisdomtree Inc. More…
| Total Revenues | Net Income | Net Margin |
| 313.49 | 118.81 | 16.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wisdomtree Inc. More…
| Operations | Investing | Financing |
| 66.57 | 37.35 | -130.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wisdomtree Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 933.78 | 474.99 | 3.05 |
Key Ratios Snapshot
Some of the financial key ratios for Wisdomtree Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.6% | 0.6% | 46.9% |
| FCF Margin | ROE | ROA |
| 21.2% | 23.7% | 9.8% |
Analysis – Wisdomtree Inc Stock Fair Value Calculator
At GoodWhale, we analyzed WISDOMTREE INC‘s financials to provide investors with a comprehensive view of the company. After running our proprietary Valuation Line, we determined that the fair value of WISDOMTREE INC share is around $5.7. Currently, WISDOMTREE INC stock is being traded at $6.8 – a fair price but overvalued by 19.8%. More…
Peers
Its competitors in this sector include KR1 PLC, Valour Inc, and BTCS Inc. Each of these companies offer unique products and services to investors, allowing them to diversify their portfolios and take advantage of changing markets.
– KR1 PLC ($OTCPK:KROEF)
KR1 PLC is a publicly listed company headquartered in London, United Kingdom, that invests in blockchain-based digital assets such as cryptocurrencies, tokens, and other related technologies. The company’s market capitalization stands at 73.75 million as of 2023, which is relatively small compared to its peers. Additionally, its return on equity (ROE) is -4.51%, which is much lower than the industry average. This indicates that the company has not been able to generate enough profits from its investments, which is likely contributing to its low market capitalization.
– Valour Inc ($BER:MB9)
Valour Inc is a publicly traded company that provides innovative healthcare solutions to improve patient outcomes. With a market cap of 26.93M as of 2023, Valour Inc is a relatively small company compared to its peers in the healthcare sector. Despite its size, the company has been able to generate a negative return on equity of -86.8%. This indicates that the company has been making losses over the past few years. The company has been attempting to improve its financial performance by introducing new products and services, but has yet to see a positive impact on its ROE.
– BTCS Inc ($NASDAQ:BTCS)
BTCS Inc is a publicly-traded digital asset and blockchain technology company, headquartered in the United States. The company’s mission is to provide a secure and cost-effective digital asset storage and transaction service to the global public. As of 2023, BTCS Inc has a market cap of 26.68M and a Return on Equity of -89.87%. This market capitalization is relatively small compared to other blockchain-focused companies, but it does indicate that the company is still young and has room for growth. The negative return on equity can be attributed to the company’s focus on investments, which have yet to generate returns. Despite this, the company is making progress in establishing itself as a leader in the digital asset industry.
Summary
Investors in WISDOMTREE INC should take a close look at the company’s second quarter results for FY2023, ending June 30, 2023. Revenues saw an 11.0% increase year-over-year to USD 85.7 million, while net income experienced a significant jump from 8.0 million to 54.2 million. Upon the announcement of these results, the stock price of WISDOMTREE INC took a dip. Given the strong revenue and net income growth, investors should evaluate whether this short term decline is a short-term blip or a long-term trend before making their next move with this stock.
