Nerdwallet Stock Fair Value – NERDWALLET Reports 14.5% Year-Over-Year Revenue Increase for Q2 FY2023
August 19, 2023
☀️Earnings Overview
For the second quarter of FY2023, ending June 30 2023, NERDWALLET ($NASDAQ:NRDS) reported total revenue of USD 143.3 million, reflecting a year-over-year increase of 14.5%. Net income for the quarter was USD -10.7 million, compared to the previous year’s -9.3 million. The results were made public on August 2, 2023.
Analysis – Nerdwallet Stock Fair Value
GoodWhale’s proprietary Valuation Line shows that the intrinsic value of NERDWALLET shares is $12.9. This means that the market is currently undervaluing the stock, since it is trading at only $10.6 per share. This represents a discount of 17.8%. GoodWhale’s analysis provides investors with an opportunity to purchase NERDWALLET shares at a fair price, below their intrinsic value, which may produce long-term returns. By analyzing NERDWALLET’s financials, investors can make informed decisions about whether or not to invest in the company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nerdwallet. More…
| Total Revenues | Net Income | Net Margin |
| 597.5 | 0.6 | 0.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nerdwallet. More…
| Operations | Investing | Financing |
| 45.8 | -99.7 | -4.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nerdwallet. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 410.6 | 45.6 | 4.71 |
Key Ratios Snapshot
Some of the financial key ratios for Nerdwallet are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 33.1% | – | -0.5% |
| FCF Margin | ROE | ROA |
| 2.4% | -0.5% | -0.4% |
Peers
There is intense competition between Nerdwallet Inc and its competitors eGuarantee Inc, 51 Credit Card Inc, SBI Cards and Payment Services Ltd. All these companies are striving to provide the best products and services to their customers.
However, only one company can emerge as the leader in this competitive market.
– eGuarantee Inc ($TSE:8771)
Founded in 1858, Guarantee Inc is a leading provider of financial services. The company has a market cap of 113.07B as of 2022 and a return on equity of 13.29%. Guarantee Inc offers a wide range of financial products and services, including banking, insurance, investments, and lending. The company serves individuals, businesses, and institutions worldwide.
– 51 Credit Card Inc ($SEHK:02051)
As of 2022, the market cap for Credit Card Inc is 249.93M. The company provides credit card services to customers. It offers a variety of credit cards with different features and benefits. Customers can choose the credit card that best suits their needs. The company also offers other services such as balance transfers, cash advances, and customer support.
– SBI Cards and Payment Services Ltd ($BSE:543066)
SBI Cards and Payment Services Ltd is a subsidiary of State Bank of India. It is India’s second largest credit card issuer with a market share of 21.4%. The company has over 8 million credit cards in circulation and offers a wide range of credit cards with different features and benefits.
Summary
NERDWALLET reported a strong second quarter of FY2023, with total revenue increasing 14.5% year-over-year to $143.3 million. Although net income for the quarter came in at -$10.7 million, this was still an improvement on the -$9.3 million recorded in the same quarter the previous year. These results were made public on August 2 2023, and indicate that investing in NERDWALLET may be a promising option for investors.
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