3d Systems Stock Intrinsic Value – 3D SYSTEMS Reports Q2 FY2023 Earnings Results on August 9th
August 16, 2023
🌥️Earnings Overview
On August 9, 2023, 3D SYSTEMS ($NYSE:DDD) announced their financial results for the second quarter of FY2023, which ended on June 30, 2023. Total revenue for the quarter was USD 128.2 million, representing an 8.5% decrease compared to the same period in the previous year. Net income for the quarter was USD -28.9 million, showing a marked improvement from the previous year’s -33.0 million.
Price History
On Wednesday, August 9th, 3D SYSTEMS reported their earnings results for Q2 FY2023. The stock opened at $7.6 and closed at $7.4, which was a drop of 8.4% from the prior closing price of 8.1.
Additionally, 3D SYSTEMS reported a net loss of $29 million due to higher operational costs and expenses. The company attributed this to lower operating margin and lower net sales in the quarter. The financial results ultimately led to a drop in 3D SYSTEMS stock prices. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 3d Systems. More…
| Total Revenues | Net Income | Net Margin |
| 514.41 | -121.27 | -23.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 3d Systems. More…
| Operations | Investing | Financing |
| -78.08 | 279.32 | -6.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 3d Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.43k | 718.74 | 5.33 |
Key Ratios Snapshot
Some of the financial key ratios for 3d Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.2% | -9.0% | -24.4% |
| FCF Margin | ROE | ROA |
| -19.9% | -10.9% | -5.5% |
Analysis – 3d Systems Stock Intrinsic Value
At GoodWhale, we analyzed the fundamentals of 3D SYSTEMS to provide our users with an assessment of the company. Our proprietary Valuation Line calculated the intrinsic value of 3D SYSTEMS’s share to be around $16.7. Currently, the stock is traded at $7.4, which is significantly lower than its intrinsic value, representing an undervaluation of 55.7%. We believe that the potential upside from this undervaluation merits further research for investors interested in 3D SYSTEMS’s stock. More…
Peers
The company operates through two segments: 3D Printing and Additive Manufacturing. It serves customers in a range of industries, including healthcare, aerospace and defense, automotive, and consumer products. The company was founded in 1986 and is headquartered in Rock Hill, South Carolina. MGI Digital Graphic Technology SA is a French company that develops, manufactures, and markets digital printing systems. The company was founded in 1982 and is headquartered in Bordeaux, France. Fathom Digital Manufacturing Corp is a 3D printing and digital manufacturing company. The company was founded in 2013 and is headquartered in Oakland, California. HiTi Digital Inc is a Taiwanese company that designs, manufactures, and markets digital color printers and photo kiosks. The company was founded in 1991 and is headquartered in Taipei, Taiwan.
– MGI Digital Graphic Technology SA ($OTCPK:FRIIF)
MGI Digital Graphic Technology SA is a provider of digital printing and finishing solutions. The company operates through three segments: Digital Printing, Post-Press, and Software & Solutions. It offers a range of digital presses, cutters, and finishing equipment. The company also provides software solutions for the graphic arts industry. MGI Digital Graphic Technology SA was founded in 1930 and is headquartered in Rousset, France.
– Fathom Digital Manufacturing Corp ($NYSE:FATH)
Fathom is a digital manufacturing company that helps businesses make products faster and more efficiently. The company has a market cap of 152.14 million and a return on equity of 6.04%. Fathom’s technology enables businesses to streamline their manufacturing processes and reduce production costs. The company’s products are used by a variety of industries, including automotive, aerospace, consumer goods, and healthcare.
– HiTi Digital Inc ($TWSE:3494)
HTC is a Taiwanese consumer electronics company headquartered in Xindian District, New Taipei City, Taiwan. Founded in 1997, HTC began as an original design manufacturer and original equipment manufacturer, designing and manufacturing laptop computers. In 1998, HTC started selling its own branded devices, starting with the Pocket PC. The company has a market cap of 1.08B as of 2022 and a Return on Equity of -23.92%. HTC designs and manufactures smartphones and tablets. The company’s product portfolio includes the HTC One and Desire lines of smartphones, the HTC One X+ and HTC One mini tablets, and the HTC Butterfly smartphone.
Summary
3D Systems reported their second quarter FY2023 earnings results on August 9 2023, revealing a 8.5% decline in total revenue from the same period last year to USD 128.2 million and a decrease in net income from -33.0 million to -28.9 million. The stock price reacted accordingly and dropped on the same day. For investors, this could be taken as a sign of caution as the company continues to struggle in its profitability. It is important to monitor the financial performance of 3D Systems in order to assess whether or not it is a viable long-term investment.
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