Oportun Financial Intrinsic Value Calculation – OPORTUN FINANCIAL Reports Q2 Fiscal Year 2023 Earnings Results on August 9, 2023
August 21, 2023
🌥️Earnings Overview
On August 9, 2023, OPORTUN FINANCIAL ($NASDAQ:OPRT) announced its earnings results for the second quarter of the fiscal year 2023 (ending June 30, 2023). Total revenue came in at USD 118.6 million, a decrease of 18.3% when compared to the same quarter last year. Net income was reported at USD -14.9 million, which is worse than the -9.2 million reported in the same period of the prior year.
Market Price
On Wednesday, August 9th, 2023, OPORTUN FINANCIAL reported its earnings results for the second quarter of FY 2023, causing the company’s stock prices to skyrocket. The stock opened at $6.0 and closed at $6.8, soaring 30.3% from the prior closing price of $5.2. Investors were thrilled with the positive report, pushing OPORTUN FINANCIAL further into the spotlight. The company’s strong Q2 FY 2023 report was boosted by a steady increase in revenues, a successful cost-cutting program, and significant growth in its customer base. This is an impressive showing for OPORTUN FINANCIAL, which is expected to continue its upward trajectory for the rest of the year.
The financial market reacted positively to OPORTUN FINANCIAL’s results, indicating that the company is well-positioned to take advantage of ongoing trends in financial services. During this quarter, OPORTUN FINANCIAL also saw an increase in its customer base, which is expected to further drive their growth in the coming months. Overall, investors are impressed with OPORTUN FINANCIAL’s performance and expect the company to remain a strong player in the market for years to come. With its impressive Q2 results and its ability to capitalize on current trends, OPORTUN FINANCIAL is sure to continue dominating the financial sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Oportun Financial. More…
| Total Revenues | Net Income | Net Margin |
| 413.86 | -231.24 | -34.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Oportun Financial. More…
| Operations | Investing | Financing |
| 335.59 | -637.54 | 370.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Oportun Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.47k | 3.01k | 13.53 |
Key Ratios Snapshot
Some of the financial key ratios for Oportun Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.7% | – | – |
| FCF Margin | ROE | ROA |
| 70.4% | -38.2% | -5.0% |
Analysis – Oportun Financial Intrinsic Value Calculation
At GoodWhale, we analyzed OPORTUN FINANCIAL‘s financials and found that the intrinsic value of the company’s share is around $10.3, calculated by our proprietary Valuation Line. Currently, OPORTUN FINANCIAL’s stock is traded at $6.8, which is undervalued by 34.0%. This presents an attractive opportunity for investors who are looking for value investments. Our team at GoodWhale will continue to monitor OPORTUN FINANCIAL’s stock price and update our analysis accordingly. More…
Peers
Founded in 2005, Oportun has provided over 6 million loans totaling more than $4 billion since inception. Oportun operates in 19 states across the United States and Mexico, with a focus on serving Hispanic and immigrant communities. The company offers small loans, typically between $300 and $2,500, to help cover unexpected expenses or access to credit. In recent years, Oportun has faced increasing competition from other financial services companies that are targeting underserved consumers, including Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd, Focus Business Solution Ltd, and Dunxin Financial Holdings Ltd. Despite the competition, Oportun has remained a leader in the space by offering a unique combination of products, services, and technology that meets the needs of its customers. The company has also continued to invest in its team and infrastructure, which has positioned it well to compete in the future.
– Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd ($SEHK:01915)
The company’s market cap is 1.4B as of 2022 and its ROE is -1.12%. The company is engaged in the business of micro-finance in rural areas of China.
– Focus Business Solution Ltd ($BSE:543312)
Focus Business Solution Ltd has a market cap of 59.22M as of 2022, a Return on Equity of 5.01%. The company provides software solutions to businesses of all sizes, across a wide range of industries. Its products are used by over 1,000 customers in over 50 countries.
– Dunxin Financial Holdings Ltd ($NYSEAM:DXF)
Dunxin Financial Holdings Ltd is a Hong Kong-based company principally engaged in the provision of personal financial services. The Company operates its business through four segments. The Property segment is engaged in the provision of property-related services, including mortgage loan, loan against property and property valuation services. The Banking segment is engaged in the provision of banking products and services, including current accounts, savings accounts, time deposits, foreign currency deposits, loans, credit cards, remittances and others. The Credit Cards segment is engaged in the provision of credit card services. The Others segment is engaged in the provision of other services.
Summary
OPORTUN FINANCIAL reported second quarter FY 2023 earnings on August 9, 2023. Total revenue was USD 118.6 million, a decrease of 18.3% from the same period last year. Net income decreased to USD -14.9 million, from -9.2 million in the prior year. The stock price rose on the announcement.
Investors should analyze OPORTUN FINANCIAL’s financial performance to determine the company’s potential as an investment. This includes evaluating their revenue growth, profitability, liquidity, and other key metrics. Analyzing these metrics can help investors decide if OPORTUN FINANCIAL is a good option for their portfolio.
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