Green Dot Stock Intrinsic Value – GREEN DOT Reports Record Earnings Results for FY2023 Q2
August 7, 2023
🌥️Earnings Overview
GREEN DOT ($NYSE:GDOT) reported their financial results for the second quarter of FY2023, ending June 30 2023, on August 3 2023. Total revenue for the quarter was USD 365.9 million, a slight increase of 0.9% year-over-year. Unfortunately, net income decreased 96.1% from the same quarter one year ago, coming in at USD 0.58 million.
Price History
On Thursday, GREEN DOT, a financial technology provider, reported their record earnings results for FY2023 Q2. The company’s stock opened at $19.2 and closed at the same price, representing a slight decrease of 0.7% from the prior closing price of 19.3. Overall, the results demonstrate GREEN DOT’s commitment to providing top-notch financial services to its customers while continuing to be a profitable and successful company. The company is optimistic about the future and expects to continue to report positive financial results in subsequent quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Green Dot. More…
| Total Revenues | Net Income | Net Margin |
| 1.47k | 47.22 | 3.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Green Dot. More…
| Operations | Investing | Financing |
| 218 | -180.27 | -154.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Green Dot. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.57k | 3.73k | 16.17 |
Key Ratios Snapshot
Some of the financial key ratios for Green Dot are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.9% | 6.5% | 4.4% |
| FCF Margin | ROE | ROA |
| 9.0% | 4.7% | 0.9% |
Analysis – Green Dot Stock Intrinsic Value
At GoodWhale, we have conducted a financial analysis of GREEN DOT to determine its fair value. Our proprietary Valuation Line has concluded that the fair value of a share for GREEN DOT is around $38.5. Currently, GREEN DOT stock is traded at $19.2, making it undervalued by a whopping 50.1%. This presents an incredible opportunity for investors to buy at a discount. We advise investors to seize this opportunity to reap the benefits of investing in GREEN DOT stock. More…
Peers
Green Dot also offers mobile banking services, including mobile check deposit and bill pay services. The company operates through two segments, Direct Banking and Retail Partner Deposits. The Direct Banking segment offers reloadable prepaid debit cards, non-reloadable gift cards, and other related products and services to consumers through a network of distribution partners and through the company’s website. The Retail Partner Deposits segment offers cash reload processing services to retail stores in the United States.
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The Mint Corp is a provider of solutions for the global payments industry. The company has a market cap of 9.44M as of 2022 and a Return on Equity of -145.45%. The Mint Corp offers a suite of products and services that enable businesses to accept and process payments, manage their customers’ financial needs, and expand their reach into new markets. The company’s products and services include point-of-sale solutions, mobile payment solutions, e-commerce solutions, and merchant services. The Mint Corp has a strong focus on the payments industry and is dedicated to helping businesses grow and succeed.
Summary
GREEN DOT‘s Q2 2023 financial results show a modest increase in total revenue, while net income declined significantly compared to the same period last year. Investors should be aware of the potential risks associated with this stock, particularly in light of the significant decrease in net income. The company’s revenue growth rate should be monitored closely, as well as any changes in its cost structure. Furthermore, investors should review any changes in the competitive landscape or potential legal or regulatory issues that may affect GREEN DOT’s financial performance.
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