AKA Intrinsic Stock Value – A.K.A. BRANDS HOLDING Reveals Fiscal Year 2023 Q3 Earnings Results for Quarter Ending September 30, 2023
November 20, 2023
🌥️Earnings Overview
A.K.A. BRANDS HOLDING ($NYSE:AKA) reported its fiscal year 2023 third-quarter earnings on November 8, 2023. For the quarter ending September 30, 2023, the company’s revenue was USD 140.8 million, a decrease of 9.6% from the same period in the prior year. Net income came in at USD -70.4 million, down from -0.1 million in the same quarter of the previous year.
Stock Price
On Wednesday, A.K.A. BRANDS HOLDING revealed its fiscal year 2023 Q3 earnings results for the quarter ending September 30, 2023. The stock opened at $8.3 and closed at $7.7, representing a drop of 5.9% from its previous closing price of 8.2. This decrease in share price may be attributed to the company’s performance in the quarter as well as external market factors impacting the company’s stock. Despite this, the company was able to reduce its debt by 10% from the prior quarter. Additionally, the company has been able to secure new funding which will help the company to continue with its growth strategies. The company also has plans to invest in product research and development to ensure that they are able to remain competitive in the market and also to maintain their competitive edge.
In addition, A.K.A. BRANDS HOLDING is looking into expanding its operations into new markets and regions in order to attract a wider customer base and increase revenues. Overall, while A.K.A. BRANDS HOLDING has seen a decrease in its share price, the company is continuing to make steps towards ensuring its long-term growth and success. The company is taking active measures to reduce costs, grow its customer base, and invest in research and development. With these efforts, A.K.A. BRANDS HOLDING is in a good position to bounce back in the coming quarters and show strong financial performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AKA. More…
| Total Revenues | Net Income | Net Margin |
| 546.47 | -258.9 | -4.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AKA. More…
| Operations | Investing | Financing |
| 29.14 | -14.63 | -24.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AKA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 378.4 | 224.19 | 14.43 |
Key Ratios Snapshot
Some of the financial key ratios for AKA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 81.4% | -12.3% | -46.7% |
| FCF Margin | ROE | ROA |
| 3.2% | -83.1% | -42.2% |
Analysis – AKA Intrinsic Stock Value
After completing our analysis, our proprietary Valuation Line assessed the fair value of A.K.A. BRANDS HOLDING share to be around $32.9. Comparatively, the stock is currently being traded at $7.7, which represents an undervaluation of 76.6%. Thus, we believe A.K.A. BRANDS HOLDING has great potential for significant returns for investors. More…
Peers
There is fierce competition between a.k.a. Brands Holding Corp and its competitors: Emerge Commerce Ltd, ThredUp Inc, Cettire Ltd. All four companies are vying for a share of the online retail market. a.k.a. Brands Holding Corp is a relative newcomer to the industry, but has quickly made a name for itself with its innovative products and cutting-edge marketing. Its main competitors are Emerge Commerce Ltd, ThredUp Inc, and Cettire Ltd, all of which are well-established players in the industry. a.k.a. Brands Holding Corp has been able to gain a significant market share due to its unique selling proposition and its aggressive marketing campaigns.
However, its competitors are not far behind, and are constantly innovating to stay ahead of the curve. It remains to be seen who will emerge victorious from this intense competition.
– Emerge Commerce Ltd ($TSXV:ECOM)
Emerge Commerce Ltd is a publicly traded company with a market capitalization of 17.15 million as of 2022. The company has a return on equity of -9.43%. Emerge Commerce Ltd is a Canadian e-commerce company that operates in the business-to-consumer and business-to-business sectors. The company offers a variety of products and services including online marketing, website development, and web hosting.
– ThredUp Inc ($NASDAQ:TDUP)
ThredUp Inc is a company that operates an online marketplace for secondhand clothing. The company has a market cap of 126.1M as of 2022 and a Return on Equity of -28.07%. ThredUp was founded in 2008 and is headquartered in San Francisco, CA.
– Cettire Ltd ($ASX:CTT)
Cettire Ltd is an online luxury fashion retailer. It was founded in 2011 and is headquartered in Hong Kong. The company operates in over 50 countries and offers over 500 brands. It has a market cap of 634.76M as of 2022 and a Return on Equity of -73.07%. Cettire Ltd offers a wide range of products including clothing, shoes, bags, accessories, and beauty products. It also provides a platform for designers to showcase their collections.
Summary
Investors should take note of A.K.A. BRANDS HOLDING’s Q3 earnings results for fiscal year 2023, which were released on November 8, 2023. Revenue for the quarter amounted to USD 140.8 million, a 9.6% decrease from the prior year. The company also reported a net income of USD -70.4 million, significantly lower than last year’s figure of -0.1 million.
This news caused the stock price to move downward on the same day. Investors should assess A.K.A. BRANDS HOLDING’s financial performance and future prospects before making an investment decision in the stock.
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