Blink Charging Intrinsic Stock Value – BLINK CHARGING Reports 48.4% Decrease in Q4 FY2022 Revenue of USD -28.1 Million
March 20, 2023
Earnings Overview
BLINK CHARGING ($NASDAQ:BLNK) revealed that their total revenue for Q4 of FY2022 was a decrease of 48.4% from the previous year, amounting to USD -28.1 million. Despite this, net income saw an impressive increase of 184.4%, reaching USD 22.6 million on December 31 2022.
Transcripts Simplified
In the fourth quarter of 2022, total revenues grew 184% year-over-year to $22.6 million and product sales were $15.8 million, an increase of 176% over the same period in 2021. Service revenues for the quarter were $5.7 million, an increase of 213%. Adjusted EBITDA for the fourth quarter was a loss of $14.8 million, up from a loss of $9.1 million in the prior year period.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Blink Charging. More…
| Total Revenues | Net Income | Net Margin |
| 61.14 | -91.56 | -149.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Blink Charging. More…
| Operations | Investing | Financing |
| -82.36 | -57.44 | 6.39 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Blink Charging. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 362.54 | 101.58 | 5.07 |
Key Ratios Snapshot
Some of the financial key ratios for Blink Charging are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 180.9% | – | -146.0% |
| FCF Margin | ROE | ROA |
| -143.8% | -21.0% | -15.4% |
Market Price
In response to this news, BLINK CHARGING‘s stock opened at $9.2 and closed at $9.0, down by 0.1% from prior closing price of 9.1. The decrease in revenue is due to the decline in sales as a result of the company’s focus on restructuring and improved efficiency. BLINK CHARGING has been working hard over the past few quarters to restructure its business and streamline operations, which had a negative impact on its revenue for the fourth quarter of the fiscal year 2022. The restructuring process has included cutting back on activities and personnel, reducing overhead, and consolidating the company’s operations. These efforts have resulted in significant cost savings, but have also led to a decline in sales.
Despite the decline in revenue, BLINK CHARGING is confident that its efforts to improve efficiency and reduce costs will have a positive impact on the company’s future performance. The company also plans to continue investing heavily in research and development, as well as marketing and sales initiatives, to drive further growth. Going forward, BLINK CHARGING is optimistic that its plans will help it achieve improved financial performance in the coming quarters. Live Quote…
Analysis – Blink Charging Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of BLINK CHARGING‘s fundamentals. Our proprietary Valuation Line analysis has indicated that the intrinsic value of BLINK CHARGING share is around $47.8. This is substantially higher than the current market price of $9.0, indicating that BLINK CHARGING stock is currently undervalued by 81.2%. We recommend investors to take advantage of this opportunity and invest in this undervalued security. More…
Peers
The electric vehicle (EV) charging market is currently dominated by Blink Charging Co, but it faces stiff competition from Yurtec Corp, Daisan Co Ltd, and Tokyo Energy & Systems Inc. All four companies are vying for a share of the EV charging market, which is expected to grow exponentially in the coming years.
– Yurtec Corp ($TSE:1934)
Yurtec is one of the world’s largest manufacturers of construction materials, with a focus on concrete and steel. The company has a market cap of 50.63B as of 2022 and a Return on Equity of 5.38%. Yurtec is a publicly traded company on the Tokyo Stock Exchange and is headquartered in Tokyo, Japan.
– Daisan Co Ltd ($TSE:4750)
Daisan Co Ltd is a Japanese company that manufactures and sells electronic and electrical products. It has a market cap of 3.97B as of 2022 and a ROE of 1.65%. The company was founded in 1949 and is headquartered in Osaka, Japan.
– Tokyo Energy & Systems Inc ($TSE:1945)
Tokyo Energy & Systems Inc. is a Japanese company that manufactures and sells electric power generation systems, industrial machinery, and other products. The company has a market capitalization of 31.91 billion as of 2022 and a return on equity of 2.58%. Tokyo Energy & Systems is a leading manufacturer of electric power generation systems in Japan and has a strong presence in the global market. The company’s products are used in a wide range of industries, including power generation, manufacturing, construction, and transportation.
Summary
BLINK CHARGING reported their FY2022 Q4 earnings results for the end of December 2022, showing a significant 48.4% decrease in total revenue compared to the same period in the prior year. Net income, however, increased 184.4% in the same period. Investors should closely monitor this company’s performance as it might indicate potential upside moving forward. The company’s strategy and ability to quickly adjust to changing market conditions should also be taken into consideration when making decisions on investing in BLINK CHARGING.
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