Green Dot Stock Intrinsic Value – GREEN DOT Reports Second Quarter Earnings Results for FY2023 on August 3, 2023
August 21, 2023
🌥️Earnings Overview
On August 3, 2023, GREEN DOT ($NYSE:GDOT) released its financial results for the second quarter of fiscal year 2023, which ended June 30th. The company’s total revenue for the quarter stood at USD 365.9 million, representing a 0.9% increase from the same quarter in the previous year. Nevertheless, net income decreased by 96.1%, amounting to USD 0.58 million compared to the same period the year before.
Price History
The company opened on the NASDAQ at $19.2 and closed at $19.2, a decrease of 0.7% from the prior closing price of $19.3. This slight drop came despite the announcement of their second quarter earnings, which were higher than expected. The second quarter results saw a significant rise in revenue for GREEN DOT when compared to the same period last year. In addition to this financial success, GREEN DOT announced they would be launching several new products in the coming months, including a payment platform for small businesses and a mobile banking service.
These additions are expected to further grow the company’s market presence and increase their profits in the future. Overall, GREEN DOT’s second quarter earnings report for FY2023 was a success and bodes well for the company’s future prospects. Investors should remain cautiously optimistic as the company continues to expand its product offerings and grow its customer base. 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 an analysis of GREEN DOT‘s financials and our proprietary Valuation Line has calculated that the intrinsic value of GREEN DOT’s share is around $37.7. Currently, GREEN DOT’s stock is being traded at $19.2, meaning it is undervalued by 49.1%. This presents an excellent opportunity to investors to buy GREEN DOT shares at a discounted price. We believe that over time, the price of GREEN DOT’s shares will eventually rise to reflect its true intrinsic value, so investors should strongly consider taking advantage of this great buying opportunity. More…
Peers
Green Dot also offers mobile banking services, including mobile check deposit and bill pay services. The company operates through two segments, Direct Banking and Retail Partner Deposits. The Direct Banking segment offers reloadable prepaid debit cards, non-reloadable gift cards, and other related products and services to consumers through a network of distribution partners and through the company’s website. The Retail Partner Deposits segment offers cash reload processing services to retail stores in the United States.
– CPI Card Group Inc ($NASDAQ:PMTS)
CPI Card Group Inc is a financial technology company that provides payment card products and services to consumers, businesses, and government organizations worldwide. The company has a market cap of 273.57M as of 2022 and a return on equity of -33.09%. CPI Card Group Inc offers a variety of products and services including credit and debit cards, prepaid cards, and loyalty cards. The company also provides card personalization and fulfillment services.
– FNDS3000 Corp ($OTCPK:FDTC)
Fnds3000 Corp is a publicly traded company with a market cap of 17.21M. The company has a return on equity of 10.86%. Fnds3000 Corp is a provider of financial services. The company offers a range of services, including investment banking, asset management, and wealth management.
– The Mint Corp ($TSXV:MIT)
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 reported mixed results for the second quarter of FY2023. Total revenue increased by 0.9% year-over-year while net income declined by 96.1%. Investors should consider these results in context, as they are only a snapshot of the company’s performance.
In order to gain insight into GREEN DOT’s overall trajectory, potential investors should carefully review the company’s financial history to develop a comprehensive understanding of their current situation and future outlook. This may include analyzing their past earnings reports and evaluating their competitive landscape.
Related Posts
Recent Posts
