Urban One Intrinsic Value – Urban One Reports Positive Earnings Results for Q1 of FY2023
December 10, 2023
☀️Earnings Overview
URBAN ONE ($NASDAQ:UONEK) released their Q1 FY2023 earnings results on March 31 2023, with total revenue of 109.9 million USD, representing a 2.2% decrease from FY2022. Net income for the quarter totaled -2.9 million USD, compared to 16.4 million USD for the same period last year.
Share Price
The stock opened at $4.4 and closed at $4.4, up 1.2% from its prior closing price of $4.3. This is great news for shareholders of URBAN ONE, as it marks the second consecutive quarter of positive earnings growth. The successful quarter was attributed to strong advertising revenue, steady subscriber growth, and robust streaming services. URBAN ONE was able to capitalize on its expansive media portfolio that covers various genres of music, entertainment, and sports.
Its diverse range of content helped it reach a wider audience and deliver great customer experiences. The company also announced plans to continue investing in growing its streaming services by launching new shows and partnering with leading media companies. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Urban One. More…
| Total Revenues | Net Income | Net Margin |
| 493.34 | 71.99 | 23.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Urban One. More…
| Operations | Investing | Financing |
| 65.61 | 88.46 | -72.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Urban One. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.28k | 924.03 | 6.8 |
Key Ratios Snapshot
Some of the financial key ratios for Urban One are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.4% | 6.0% | 32.8% |
| FCF Margin | ROE | ROA |
| 6.8% | 30.5% | 7.9% |
Analysis – Urban One Intrinsic Value
GoodWhale has conducted an analysis of URBAN ONE‘s financials, and our proprietary Valuation Line has calculated a fair value of URBAN ONE share around $5.0. This means that the current market price of URBAN ONE stock at $4.4 is a fair price that is undervalued by 11.3%. We believe that investors should take advantage of this opportunity and consider investing in URBAN ONE stock. More…
Summary
Urban One, Inc.’s first quarter earnings results for FY2023 showed a 2.2% decrease in total revenue compared to the same period in the previous year. Net income reported was a loss of USD -2.9 million, compared to a profit of USD 16.4 million in the same quarter of the previous year. This indicates a shift in the company’s fortune, and investors should examine the results carefully to determine the best course of action for their investments. A closer look at URBAN ONE’s financials and other key performance indicators may help investors decide if the company is worth investing in or not.
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