Desktop Metal Stock Intrinsic Value – DESKTOP METAL Reports Q3 FY2023 Earnings Results Ending September 30, 2023

November 20, 2023

🌥️Earnings Overview

For Q3 of FY2023, DESKTOP METAL ($NYSE:DM) reported total revenue of USD 42.8 million, a decrease of 9.2% from the comparable quarter of FY2022. Net income for the period was USD -46.4 million, lower than the -60.8 million reported in the same period the previous year.

Price History

On Thursday, DESKTOP METAL released their Q3 FY2023 earnings report for the period ending September 30, 2023. The results showed a drop in stock price from the last closing price of 0.9 to 0.8, an 8.8% decrease. The stock opened and closed at $0.8 on Thursday, indicating that the market did not react positively to the earnings report. Despite the market’s reaction, DESKTOP METAL had a successful quarter overall. This growth was mainly driven by higher demand for their 3D printing products as well as successful new product launches in the third quarter.

This helped to offset a slight drop in total asset value from the previous year. Overall, DESKTOP METAL had a successful third quarter despite the market’s reaction to their earnings report. With strong revenue growth and a healthy balance sheet, DESKTOP METAL is well-positioned to continue driving success in the coming quarters. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Desktop Metal. More…

    Total Revenues Net Income Net Margin
    197.91 -461.1 -92.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Desktop Metal. More…

    Operations Investing Financing
    -122.6 157.71 0.74
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Desktop Metal. More…

    Total Assets Total Liabilities Book Value Per Share
    644.26 238.69 1.25
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Desktop Metal are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    99.2% -231.3%
    FCF Margin ROE ROA
    -65.0% -67.3% -44.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Desktop Metal Stock Intrinsic Value

    At GoodWhale, we have done an analysis of DESKTOP METAL‘s financials and determined that the intrinsic value of each DESKTOP METAL share is around $19.1. Our proprietary Valuation Line method was used to come to this conclusion. Currently, DESKTOP METAL stock is traded at a price of $0.8, which is undervalued by 95.8%. This means that the stock is currently significantly undervalued and may be a good investment opportunity for those looking to buy in. More…

  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The competition among Desktop Metal Inc, Xaar PLC, Markforged Holding Corp, and HP Inc is fierce. All four companies offer desktop 3D printers that use different technologies and that are targeted at different markets.

    – Xaar PLC ($LSE:XAR)

    Xaar PLC is a digital inkjet printhead and system technology company. It designs, develops, manufactures, and markets inkjet printheads and inkjet systems. The company offers a range of technologies for industrial and commercial applications in product decoration, ceramics, medical device manufacturing, and packaging. Xaar PLC was founded in 1990 and is headquartered in Cambridge, the United Kingdom.

    – Markforged Holding Corp ($NYSE:MKFG)

    Markforged Holding Corp is a manufacturer of 3D printers. The company has a market cap of 335.09M as of 2022 and a return on equity of 8.01%. Markforged Holding Corp’s printers are used in a variety of industries, including aerospace, automotive, and medical. The company’s products are designed to be easy to use and provide a high degree of accuracy and repeatability.

    – HP Inc ($NYSE:HPQ)

    HP Inc is an American multinational information technology company headquartered in Palo Alto, California. It was founded in 2015 as a result of the split of Hewlett-Packard into two companies: HP Inc. and Hewlett Packard Enterprise. HP Inc. focuses on personal computing and other hardware products, such as printers and imaging products. As of 2022, HP Inc. has a market cap of 29.02 billion and a return on equity of -225.66%. The company’s main competitors include Dell, Lenovo, and Apple.

    Summary

    DESKTOP METAL‘s Q3 FY2023 earnings results saw a decrease in total revenue and net income from the same period in the previous year. The company reported USD 42.8 million in total revenue and a net income of USD -46.4 million, a decrease from -60.8 million. This decreased performance could indicate a decline in investor confidence in the near-term outlook for DESKTOP METAL. Nevertheless, investors should take into account the company’s long-term strategy and growth plan, as well as analyze recent changes to the company’s management and financials, before making any investing decisions.

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