29I0 Intrinsic Stock Value – ITAB SHOP CONCEPT AB Reports Q1 FY2023 Earnings Results on March 31, 2023.
May 25, 2023
Earnings Overview
ITAB SHOP CONCEPT AB ($BER:29I0) reported their earnings results for the first quarter of FY2023 on March 31 2023. Revenue totaled SEK 1505.0 million, a 15.1% decline compared to the same period in the previous year. Net income for the quarter fell 38.9% year-over-year to SEK 33.0 million.
Price History
The company’s stock opened at €1.0, but closed at €0.9, marking a drop of 8.5% from the previous closing price of €1.0. This decline in share price was attributed to the weak performance of the company’s product offerings in the European market. The primary reason for the loss was attributed to rising costs of producing its product offerings and sluggish sales due to weak market conditions. The company is now focusing on cutting costs and increasing efficiencies to better compete in its target markets.
It has also implemented new marketing strategies and is investing heavily in research and development, in an effort to bring more innovative products to the market. Investors will be watching closely to see how ITAB SHOP CONCEPT AB fares in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 29I0. More…
| Total Revenues | Net Income | Net Margin |
| 6.66k | 149 | 3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 29I0. More…
| Operations | Investing | Financing |
| 593 | -133 | -369 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 29I0. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.11k | 2.89k | 14.03 |
Key Ratios Snapshot
Some of the financial key ratios for 29I0 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.2% | 89.0% | 5.8% |
| FCF Margin | ROE | ROA |
| 7.3% | 7.9% | 3.9% |
Analysis – 29I0 Intrinsic Stock Value
At GoodWhale, we have completed an extensive analysis of ITAB SHOP CONCEPT AB’s financials. Our proprietary Valuation Line suggests that the fair value of ITAB SHOP CONCEPT AB shares is €1.3. Currently, however, the market price of ITAB SHOP CONCEPT AB stock is €0.9 – representing an undervaluation of 29.4%. This could present an attractive opportunity for investors looking to capitalize on market inefficiencies. More…
Summary
ITAB SHOP CONCEPT AB reported their earnings results for the first quarter of fiscal year 2023, showing a total revenue of SEK 1505.0 million, a decrease of 15.1% compared to the same period in the previous year. Net income for the quarter was SEK 33.0 million, a decrease of 38.9% from the previous year. As a result, the stock price fell on the same day.
Investors should take note of the decreased profits and revenue as they consider investing in ITAB SHOP CONCEPT AB to evaluate if the company’s underlying fundamentals still suggest a buy-in opportunity for long-term growth potential. Financial analysis should also be conducted to investigate any potential risk factors before making a decision to invest.
