Sonos Intrinsic Stock Value – SONOS Reports Third Quarter Earnings Results for FY2023 on August 9th
August 27, 2023
🌥️Earnings Overview
On August 9, 2023, SONOS ($NASDAQ:SONO) reported its earnings results for the third quarter of FY2023 (ending June 30, 2023). Total revenue came in at USD 373.4 million, a 0.4% year-over-year increase. Net income was USD -23.6 million, a significant improvement from last year’s loss of -0.6 million.
Price History
The results showed that the company’s stock opened at $15.8, down slightly from the previous day’s closing price of $15.9. Despite this minor dip, SONOS managed to close the day at $15.6, a decrease of 1.4%. Overall, the company’s numbers were generally positive and in line with estimates as the company posted strong sales and profits for the quarter. While investors were initially wary of the results, the strong performance allayed fears and overall sentiment around SONOS stock remained neutral.
Overall, the earnings report was a positive one for SONOS as it showed strong performance during a volatile time for the markets. With the current economic climate, it’s encouraging to see SONOS still performing well and investors should look forward to more good news from the company as earnings reports for the following quarters are released. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sonos. SONOS_Reports_Third_Quarter_Earnings_Results_for_FY2023_on_August_9th”>More…
| Total Revenues | Net Income | Net Margin |
| 1.67k | -43.1 | -2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sonos. SONOS_Reports_Third_Quarter_Earnings_Results_for_FY2023_on_August_9th”>More…
| Operations | Investing | Financing |
| -25.71 | -61.35 | -85.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sonos. SONOS_Reports_Third_Quarter_Earnings_Results_for_FY2023_on_August_9th”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.07k | 475.01 | 4.6 |
Key Ratios Snapshot
Some of the financial key ratios for Sonos are shown below. SONOS_Reports_Third_Quarter_Earnings_Results_for_FY2023_on_August_9th”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.2% | 150.5% | -1.8% |
| FCF Margin | ROE | ROA |
| -5.2% | -3.1% | -1.8% |
Analysis – Sonos Intrinsic Stock Value
We at GoodWhale have analyzed the financials of SONOS and arrived at a fair value of $23.3 for its share. This was calculated by our proprietary Valuation Line. Currently, the SONOS stock is trading at $15.6, which means it is undervalued by 33.1%. This presents a great opportunity for investors to capitalize on the undervaluation and buy the stock at a discounted price. More…
Peers
Sonos Inc, a California-based company that manufactures and sells wireless speakers, is locked in competition with several other companies, including Basler AG, Bang & Olufsen A/S, and GoPro Inc.
– Basler AG ($LTS:0DUI)
Basler AG is a leading international provider of high-quality imaging products. The company has a strong focus on the development and production of digital cameras for industrial and video surveillance applications, as well as medical devices. Basler AG is headquartered in Ahrensburg, Germany.
– Bang & Olufsen A/S ($OTCPK:BGOUF)
Bang & Olufsen A/S is a Danish company that designs and manufactures audio products and television sets. The company has a market capitalization of 145.79 million as of 2022 and a return on equity of -4.5%. The company was founded in 1925 by Peter Bang and Svend Olufsen, and it is headquartered in Struer, Denmark. The company’s products are available in more than 100 countries worldwide.
– GoPro Inc ($NASDAQ:GPRO)
GoPro Inc is a technology company that manufactures and sells action cameras and related accessories. The company has a market capitalization of 853.43M as of 2022 and a return on equity of 12.37%. GoPro’s products are designed for use in extreme action sports and activities, such as surfing, snowboarding, and mountain biking. The company’s flagship product, the GoPro Hero line of action cameras, is one of the best-selling cameras in the world. GoPro also offers a range of accessories, including mounts, cases, and batteries.
Summary
Investors may be disappointed with SONOS‘ third quarter FY2023 earnings results, as total revenue rose only 0.4% year-over-year while net income was a loss of -23.6 million, compared to -0.6 million last year. This reflects the challenges that the company has faced due to the pandemic and other economic headwinds. Despite this, it appears that SONOS is adapting and evolving to capture new opportunities in the market. Investors should consider the long-term prospects of the company and evaluate its future growth potential.
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