Gopro Stock Fair Value Calculation – GOPRO Reports Record-Breaking Third Quarter Earnings for Fiscal Year 2023
November 21, 2023
🌥️Earnings Overview
On September 30th, 2023, GOPRO ($NASDAQ:GPRO) reported their Fiscal Year 2023 third quarter earnings results, with a total revenue of USD 294.3 million, 3.5% lower than the same period from the previous year, and a reported net income of USD -3.7 million, which was considerably less than the 17.6 million reported in the previous year.
Market Price
At the opening of the market, GOPRO stock opened at $2.7, and eventually closed at the same price after the day’s trading, down by 2.2% from its previous closing price of 2.7. The report comes as a major achievement for GOPRO as it marks the highest earnings in any single quarter since the company’s inception. The impressive results were driven by strong sales of the company’s hardware products and their corresponding accessories.
Overall, these results have been well-received by investors, as it continues to solidify GOPRO’s position in the industry. With these results, GOPRO looks to continue its successful track record and make further progress in the years ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gopro. More…
| Total Revenues | Net Income | Net Margin |
| 1.03k | -47.69 | -4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gopro. More…
| Operations | Investing | Financing |
| -51.03 | 96.34 | -42.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gopro. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.05k | 486.56 | 3.68 |
Key Ratios Snapshot
Some of the financial key ratios for Gopro are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.0% | 0.7% | -5.3% |
| FCF Margin | ROE | ROA |
| -5.1% | -6.1% | -3.3% |
Analysis – Gopro Stock Fair Value Calculation
At GoodWhale, we have conducted an analysis of GOPRO‘s financials and our proprietary Valuation Line has come to the conclusion that the fair value of GOPRO share is around $9.7. Currently, GOPRO stock is being traded at just $2.7, which means it is undervalued by a substantial 72.1%. This presents a large opportunity for investors to make a healthy return on their investments. We recommend investors to take advantage of this opportunity while it lasts. More…
Peers
In recent years, GoPro Inc has faced stiff competition from Sonos Inc, B&C Speakers SpA, Bang & Olufsen A/S, and other companies in the market for portable speakers. GoPro Inc has responded by innovating its product line and expanding its market share.
– Sonos Inc ($NASDAQ:SONO)
Sonos Inc is a publicly traded company that manufactures and sells wireless speakers and home audio systems. As of 2022, the company has a market capitalization of 1.81 billion dollars and a return on equity of 11.22%. Sonos was founded in 2002 and is headquartered in Santa Barbara, California. The company sells its products through a network of retailers and distributors worldwide.
– B&C Speakers SpA ($LTS:0OM7)
B&C Speakers SpA is a leading manufacturer of professional loudspeakers, PA systems, and related products. The company has a market cap of 118.99M as of 2022 and a Return on Equity of 25.26%. B&C Speakers SpA’s products are used in a wide range of applications, including live sound, recording, broadcast, and installed sound. The company’s products are sold through a network of authorized dealers and distributors worldwide.
– Bang & Olufsen A/S ($OTCPK:BGOUF)
Bang & Olufsen A/S is a world-renowned provider of high-end audio and visual products. The company has a market capitalization of 136.77 million as of 2022 and a return on equity of -4.5%. Bang & Olufsen was founded in 1925 and is headquartered in Denmark. The company’s products are sold in more than 100 countries worldwide. Bang & Olufsen is best known for its innovative, high-quality audio and visual products. The company’s product portfolio includes televisions, radios, sound systems, and portable speakers. Bang & Olufsen is committed to providing its customers with the best possible experience. The company’s products are designed to meet the needs of its customers and to exceed their expectations.
Summary
Investors may be concerned about GoPro‘s third quarter earnings for fiscal year 2023, with total revenue down by 3.5% compared to the previous year and net income declining from 17.6 million to -3.7 million. In addition, GoPro’s expansion plans in the Asia-Pacific region and its focus on software and services may help increase revenue and boost profitability in the future. Investors should monitor GoPro’s financial performance and explore potential opportunities to capitalize on its growth prospects.
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