Beachbody Company Intrinsic Value Calculator – BEACHBODY COMPANY Reports Record Earnings for FY2023 Q3 on November 7 2023
November 22, 2023
🌥️Earnings Overview
On November 7 2023, BEACHBODY COMPANY ($NYSE:BODY) reported their financial results for Q3 of FY2023, ending September 30 2023. A total revenue of USD 128.2 million was generated for the quarter, representing a decrease of 22.7% year over year. Net income for the period amounted to USD -32.7 million, a slight improvement from the -33.9 million reported in the comparable quarter of the previous year.
Market Price
On Tuesday, November 7th 2023, BEACHBODY COMPANY reported record earnings for FY2023 Q3, pushing its stock up to its opening price of $0.2 and closing at exactly the same value. This marks an impressive 13.8% plunge from its previous closing price of 0.2. The impressive performance has been attributed to BEACHBODY’S strong presence in the fitness industry with its range of home fitness products and services. The company has managed to capture and maintain strong relationships with customers through its innovative product offerings and continued investment in research and development. BEACHBODY’S growing customer base has been a major contributor to its record earnings for FY2023 Q3.
The impressive record earnings for FY2023 Q3 has made BEACHBODY COMPANY one of the most sought-after stocks in the market. Investors have taken note and are now expecting even further growth from the company in the coming quarters. With its innovative products and strong customer base, BEACHBODY COMPANY is set to continue its impressive performance in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Beachbody Company. More…
| Total Revenues | Net Income | Net Margin |
| 556.26 | -132.53 | -19.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Beachbody Company. More…
| Operations | Investing | Financing |
| -24.81 | -13.01 | -18.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Beachbody Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 347.32 | 206.25 | 0.45 |
Key Ratios Snapshot
Some of the financial key ratios for Beachbody Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.9% | – | -22.5% |
| FCF Margin | ROE | ROA |
| -6.0% | -50.7% | -22.5% |
Analysis – Beachbody Company Intrinsic Value Calculator
At GoodWhale, we have recently analyzed the financials of BEACHBODY COMPANY. Using our proprietary Valuation Line, we have determined that the fair value of a BEACHBODY COMPANY share is around $1.0. However, the stock is currently being traded at around $0.2 which is a 79.8% discount to its true value. This could present a great opportunity for investors looking to buy into BEACHBODY COMPANY. With our analysis of the financials, we can be sure that we are making an informed investment decision. More…
Peers
It has been in competition with Digitalbox PLC, CarGurus Inc, and Taboola.com Ltd for many years.
– Digitalbox PLC ($LSE:DBOX)
Digitalbox PLC is a media company that operates in the United Kingdom and Ireland. The company has a market cap of 10.91M as of 2022 and a ROE of 1.55%. Digitalbox PLC operates in the media and entertainment sector and is engaged in the business of content production, distribution and marketing. The company’s core business activity is the production and distribution of digital content. This includes television programmes, films, video games and other digital content. The company has a strong presence in the United Kingdom and Ireland and is expanding its operations into other European countries.
– CarGurus Inc ($NASDAQ:CARG)
CarGurus Inc. is an online automotive marketplace connecting buyers and sellers of new and used cars. The company operates in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. CarGurus was founded in 2005 by Langley Steinert, co-founder of TripAdvisor.
As of 2022, CarGurus Inc. has a market cap of 1.64 billion and a return on equity of 18.1%. The company connects buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain.
– Taboola.com Ltd ($NASDAQ:TBLA)
Taboola.com Ltd is a technology company that operates a content discovery platform on the internet. The company’s platform helps people discover new and interesting content through recommendations based on their interests. The company was founded in 2007 and is headquartered in New York, New York.
Summary
BEACHBODY COMPANY reported its earnings results for Q3 of FY2023 on November 7th 2023. Revenue for the quarter was USD 128.2 million, a decrease of 22.7% from the same period in the previous year. Net income for the quarter was -32.7 million, compared to -33.9 million recorded in the same quarter a year ago.
The stock price reacted negatively to the news, indicating that investors may be concerned about the financial performance of the company. It remains to be seen if the company can turn things around, as investors will be watching for improved revenue and profit figures in the coming quarters.
