Vizio Holding Intrinsic Stock Value – VIZIO HOLDING Reports Third Quarter Earnings Results for 2023
November 22, 2023
🌥️Earnings Overview
On November 9, 2023, VIZIO HOLDING ($NYSE:VZIO) reported their earnings for the third quarter of fiscal year 2023, with total revenue of USD 426.2 million, a 2.0% decrease from the same quarter in the prior year. Net income for the quarter stood at USD 13.8 million, compared to USD 2.0 million in the same quarter of the prior year.
Price History
Overall, the company’s stock opened at $5.7 and closed at $5.3, dropping by 5.5% from its last closing price of $5.6. This marks a significant decline in the company’s stock and is likely to have a negative impact on the company’s performance in the future. Despite these positive results, investors remain cautious of the company’s performance in light of the current economic landscape and the potential impact of extended lockdowns and other restrictions due to the global pandemic. As a result, investors are still uncertain about the prospects of the company in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vizio Holding. More…
| Total Revenues | Net Income | Net Margin |
| 1.71k | 21.3 | 1.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vizio Holding. More…
| Operations | Investing | Financing |
| 6.2 | -61.4 | 4.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vizio Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 906.8 | 485.3 | 2.14 |
Key Ratios Snapshot
Some of the financial key ratios for Vizio Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.5% | -40.2% | 1.5% |
| FCF Margin | ROE | ROA |
| 0.2% | 4.0% | 1.8% |
Analysis – Vizio Holding Intrinsic Stock Value
At GoodWhale, we have conducted an in-depth analysis of VIZIO HOLDING‘s wellbeing. Our proprietary Valuation Line tool has revealed that the intrinsic value of the company’s share is around $15.0. This means that the company’s stock is currently being traded at a price of $5.3, which is 64.7% lower than its intrinsic value. This presents a significant investment opportunity for those looking to capitalize on VIZIO HOLDING’s potential. More…
Peers
In the market for wearable technology, there is intense competition between VIZIO Holding Corp and its main competitors Vuzix Corp, Focus Universal Inc, and Anker Innovations Technology Co Ltd. All four companies are vying for a share of the rapidly growing market for smart glasses and other wearable devices.
– Vuzix Corp ($NASDAQ:VUZI)
Vuzix Corporation is a technology company that manufactures wearable display and computing devices in Rochester, New York. The company’s products are used in a variety of industries, including defense, aerospace, medical, industrial, and consumer. Vuzix Corporation was founded in 1997 and is a publicly traded company on the Nasdaq Capital Market under the ticker symbol VUZI.
As of 2022, Vuzix Corporation has a market capitalization of 315.48 million and a return on equity of -31.5%. The company manufactures a variety of wearable display and computing devices, including augmented reality glasses and smart glasses. Vuzix Corporation’s products are used in a variety of industries, including defense, aerospace, medical, industrial, and consumer.
– Focus Universal Inc ($NASDAQ:FCUV)
Universal Corp is one of the world’s largest tobacco companies, with a market cap of over $415 million. The company has a return on equity of -26.24%, meaning that it has lost money for shareholders in the past year. Universal Corp is a leading supplier of tobacco products and services to the tobacco industry. The company is headquartered in Richmond, Virginia, and has operations in more than 30 countries. Universal Corp’s products include tobacco leaf, cigarettes, and other tobacco products. The company also provides services to the tobacco industry, including tobacco research and development, tobacco leaf processing, and tobacco product manufacturing.
– Anker Innovations Technology Co Ltd ($SZSE:300866)
Anker Innovations Technology Co Ltd is a Chinese consumer electronics company that designs, develops, manufactures, and markets mobile electronic devices and accessories. The company operates in three segments: Mobile Devices, Accessories, and Others. The Mobile Devices segment offers power banks, portable chargers, wireless chargers, charging cables, and car chargers. The Accessories segment provides mobile phone cases, screen protectors, and other accessories. The Others segment includes smart home products and other consumer electronics products.
As of 2022, Anker Innovations Technology Co Ltd has a market cap of 23.02B and a return on equity of 12.42%. The company designs, develops, manufactures, and markets mobile electronic devices and accessories.
Summary
Investors in VIZIO HOLDING saw their stock price decline after the company reported its third quarter earnings results for fiscal 2023. Total revenue for the quarter was 426.2 million, a slight dip of 2.0% compared to the same quarter of the prior year. Net income for the quarter was 13.8 million, a stark improvement from 2.0 million in the same quarter of the prior year.
Despite the improvement in profits, investors had expected stronger revenue and profits growth and thus marked the stock lower on the day. Investors will be closely watching the company in future quarters to see if it can sustain its profitability amid sluggish revenue growth.
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