Mobileye Global Intrinsic Value Calculation – MOBILEYE GLOBAL Reports Profitable Q2 Results for FY2023, Ending June 30 2023
July 31, 2023
☀️Earnings Overview
MOBILEYE GLOBAL ($NASDAQ:MBLY) reported their earnings results for FY2023 Q2 (ending June 30 2023) on July 27 2023, with total revenue of USD 454.0 million, a 1.3% decrease from the same quarter in the previous year. Net income was reported as USD -28.0 million, a decrease from -7.0 million in the same quarter last year.
Share Price
On Thursday, MOBILEYE GLOBAL reported its second quarter results for FY2023 that ended on June 30, 2023. Investors responded to the news by pushing the stock price down 6.0%, with the stock opening at $39.1 and closing at $38.0. This is compared to the last closing price of $40.4. MOBILEYE GLOBAL stated that the quarter was marked by strong top line growth with an increase in gross margin and operating income compared to the same quarter of the previous year.
The company also reported that their cash balance was up significantly compared to the end of FY2022. The results were well received by investors and analysts, who praised the company’s ability to increase their profitability despite tough market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mobileye Global. More…
| Total Revenues | Net Income | Net Margin |
| 1.93k | -122 | -6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mobileye Global. More…
| Operations | Investing | Financing |
| 510 | 785 | -914 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mobileye Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.43k | 630 | 18.35 |
Key Ratios Snapshot
Some of the financial key ratios for Mobileye Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.6% | – | -3.7% |
| FCF Margin | ROE | ROA |
| 20.4% | -0.3% | -0.3% |
Analysis – Mobileye Global Intrinsic Value Calculation
At GoodWhale, we conducted an analysis of MOBILEYE GLOBAL‘s wellbeing and found that the fair value of the company’s share is around $37.7. This was calculated using our proprietary Valuation Line. Currently, MOBILEYE GLOBAL stock is traded at $38.0, which is a fair price. This means that there is no overvaluation or undervaluation of the stock and investors can rest assured that they are paying a fair price for the stock. More…
Peers
It stands out among its competitors, OToBrite Electronic Inc, Garrett Motion Inc, and Innoviz Technologies Ltd, with its unique and cutting-edge products and services that are helping to shape the future of the automotive industry.
– OToBrite Electronic Inc ($TPEX:2256)
OToBrite Electronic Inc is a global leader in the development and production of electronic components and systems. The company designs, manufactures and distributes components and systems for a variety of applications, including automotive, industrial, medical and consumer markets. As of 2022, the company has a market cap of 1.46 billion dollars, indicating that it is a highly profitable and valuable company. Furthermore, the company’s Return on Equity (ROE) is 10.82%, which indicates that the company is able to effectively generate profits from its investments. This impressive market cap and ROE demonstrates that OToBrite Electronic Inc is a successful and well-managed business.
– Garrett Motion Inc ($NASDAQ:GTX)
Garrett Motion Inc is a leading provider of turbochargers and related technologies for the automotive industry. The company has a market cap of 492.62M as of 2022, which demonstrates its financial strength and market presence. The Return on Equity (ROE) of -200.83% indicates that the company is not generating a return on the investments it has made, suggesting that it may need to re-evaluate its strategies in order to improve its profitability. Despite this, Garrett Motion Inc continues to remain a leader in the automotive turbocharger market.
– Innoviz Technologies Ltd ($NASDAQ:INVZ)
Innoviz Technologies Ltd is a leading company in the autonomous vehicle industry, specializing in the development of lidar sensors and software solutions. The company has a market cap of 482.12M as of 2022 and a Return on Equity of -35.21%. This signifies that the company has been able to generate a negative return on its shareholders’ equity over the past year. Despite this, Innoviz Technologies Ltd remains well positioned in the autonomous vehicle industry, offering high-quality sensors and software solutions for many of the leading companies in the industry.
Summary
The stock price responded negatively on the news, indicating a declining sentiment among investors. Nonetheless, MOBILEYE GLOBAL is still a promising investment option, given its strong reputation in the industry and its ongoing efforts to innovate and stay ahead of the competition. With careful monitoring of their performance and a diversified portfolio, investors can benefit from their continued growth in the long run.
