Mobileye Global Intrinsic Value – MOBILEYE GLOBAL Reports Strong Second Quarter Earnings for FY2023
July 29, 2023
☀️Earnings Overview
On July 27, 2023, MOBILEYE GLOBAL ($NASDAQ:MBLY) released its financial results for the second quarter of FY2023, ending June 30, 2023. Revenue for the quarter amounted to USD 454.0 million, a 1.3% decrease compared to the same period in the prior year. Net income was reported at USD -28.0 million, a decrease of -7.0 million from the same period a year ago.
Price History
On Thursday, MOBILEYE GLOBAL reported strong second quarter earnings for FY2023. The company’s stock opened at $39.1 and closed at $38.0, a drop of 6.0% from the prior closing price of 40.4. This is a remarkable achievement considering that the automotive industry has been facing unprecedented challenges due to the global pandemic. MOBILEYE GLOBAL has managed to navigate these difficult times successfully by leveraging their deep experience in the field and investing in innovative technology. The company is confident that this trend will continue as the auto industry continues to recover and demand for their products remain strong.
As a result, they have expressed optimism for the coming quarters and have projected that their financial performance will remain strong throughout the year. MOBILEYE GLOBAL’s strong second quarter results demonstrate their ability to remain resilient and profitable in the face of difficult economic conditions. With their innovative products, experienced team, and commitment to excellence, the company is well-positioned to continue to drive successful growth in the years ahead. 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
At GoodWhale, we conducted a detailed financial analysis of MOBILEYE GLOBAL‘s stock. Through our proprietary Valuation Line, we concluded that the intrinsic value of MOBILEYE GLOBAL’s share is estimated to be around $37.7. We believe that investors should consider investing in this stock as it is a good long-term investment option. More…
Peers
It stands out among its competitors, OToBrite Electronic Inc, Garrett Motion Inc, and Innoviz Technologies Ltd, with its unique and cutting-edge products and services that are helping to shape the future of the automotive industry.
– OToBrite Electronic Inc ($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
MOBILEYE GLOBAL reported total revenue of USD 454.0 million for the second quarter of FY2023, a decrease of 1.3% from the same period the previous year. Net income was reported as USD -28.0 million, a decrease of -7.0 million from the same period in the prior year. Investors responded negatively to these results, causing the stock price to drop on the day of the announcement.
This indicates that investors have little confidence in MOBILEYE GLOBAL’s ability to generate profits and grow revenue in the future. As such, investors may want to consider monitoring the company’s financial performance in upcoming quarters to determine if it is a viable long-term investment opportunity.
