Blackbaud Intrinsic Value Calculator – BLACKBAUD Reports Q2 FY2023 Earnings Results, Ending June 30 2023
August 28, 2023
🌥️Earnings Overview
BLACKBAUD ($NASDAQ:BLKB) reported their financial results for Q2 of FY2023, which ended on June 30 2023, on August 1 2023. Total revenue during this quarter was USD 271.0 million, an increase of 2.3% compared to the same timeframe in the prior year. Additionally, net income grew by 161.4%, reaching USD 2.1 million.
Share Price
On Tuesday, BLACKBAUD reported its Q2 FY2023 earnings results, ending June 30 2023. The stock opened at $75.0 and closed at $75.1, down by 0.5% from its prior closing price of 75.4. BLACKBAUD’s CEO, Karl McDonnell, was pleased with the results, noting that the company is on track to exceed its financial targets for the year. He also highlighted the company’s commitment to providing innovative products and solutions that meet the evolving needs of its customers and partners.
All in all, BLACKBAUD’s Q2 FY2023 earnings report was a positive one. Investors can look forward to continued growth and strong performance from the company in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Blackbaud. BLACKBAUD_Reports_Q2_FY2023_Earnings_Results_Ending_June_30_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 1.07k | -44.17 | -4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Blackbaud. BLACKBAUD_Reports_Q2_FY2023_Earnings_Results_Ending_June_30_2023″>More…
| Operations | Investing | Financing |
| 197.12 | -63.37 | 178.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Blackbaud. BLACKBAUD_Reports_Q2_FY2023_Earnings_Results_Ending_June_30_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.09k | 2.33k | 14.14 |
Key Ratios Snapshot
Some of the financial key ratios for Blackbaud are shown below. BLACKBAUD_Reports_Q2_FY2023_Earnings_Results_Ending_June_30_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.3% | -26.7% | -2.1% |
| FCF Margin | ROE | ROA |
| 12.1% | -1.9% | -0.5% |
Analysis – Blackbaud Intrinsic Value Calculator
GoodWhale has conducted an analysis of BLACKBAUD‘s fundamental performance. After thorough investigation, we have concluded that the fair value of BLACKBAUD share is approximately $67.2. This figure was calculated using our proprietary Valuation Line. At the current market price of $75.1, we believe that BLACKBAUD stock is being traded at a fair price, albeit one that is overvalued by 11.8%. More…
Peers
Blackbaud works with more than 40,000 organizations, including nonprofits, K-12 schools, higher education institutions, and healthcare organizations. Blackbaud’s solutions enable organizations to increase donations, manage events, track progress, and much more. Blackbaud’s main competitors are ReadyTech Holdings Ltd, PowerSchool Holdings Inc, and Shenzhen Kingsun Science and Technology Co Ltd. These companies offer similar solutions and compete for the same market share.
– ReadyTech Holdings Ltd ($ASX:RDY)
WriteTech Holdings Ltd is a publicly traded company with a market capitalization of 452.71M as of 2022. The company has a return on equity of 8.16%. WriteTech Holdings Ltd is a provider of enterprise software solutions. The company’s products are designed to help organizations manage their business operations more effectively.
– PowerSchool Holdings Inc ($NYSE:PWSC)
PowerSchool Holdings Inc is a software company that provides educational software solutions to schools and school districts. The company has a market cap of 3.98B as of 2022 and a Return on Equity of -0.38%. PowerSchool’s software solutions are used by educators to manage student data, assess student progress, and engage with students and families.
– Shenzhen Kingsun Science and Technology Co Ltd ($SZSE:300235)
Shenzhen Kingsun Science and Technology Co Ltd is a publicly traded company with a market capitalization of 1.8 billion as of 2022. The company’s return on equity is 3.09%. Shenzhen Kingsun Science and Technology Co Ltd is engaged in the business of research, development, production and sales of LED products.
Summary
BLACKBAUD reported strong financial results for the second quarter of fiscal 2023, with total revenue increasing 2.3% year-over-year to USD 271.0 million. Net income was also up significantly, increasing 161.4% to USD 2.1 million, demonstrating the company’s strength in managing its business operations. These figures indicate that BLACKBAUD could be a good investment opportunity for those looking for a reliable and profitable stock. Analysts are encouraged by the company’s continued growth and ability to generate profits, despite the pandemic-driven economic challenges of the past few quarters.
