Blink Charging Intrinsic Value Calculation – BLINK CHARGING Reports Robust Q2 Earnings for FY2023
August 16, 2023
☀️Earnings Overview
BLINK CHARGING ($NASDAQ:BLNK) announced their Q2 earnings for the period ending June 30, 2023 on August 8, 2023. Total revenue had a significant jump of 187.4%, amounting to USD 32.6 million; however, net income decreased from -22.6 million in the same period of the previous year to -41.5 million.
Share Price
This marks a positive performance for the company, which has experienced steady growth in the past year. BLINK CHARGING reported higher than expected growth in their revenues, as well as lower expenses than expected for the second quarter of FY2023. The company also reported significant increases in gross profit and net income compared to the same period in the previous year. The company has experienced strong growth in its customer base as well as increased demand for its charging services. This is indicative of its ability to capitalize on the growing demand for electric vehicle charging infrastructure.
The strong second quarter results further solidify BLINK CHARGING’s position as a leader in this space. Overall, BLINK CHARGING’s strong Q2 earnings report is an encouraging sign that the company’s investments in new technologies and customer-centric services are paying off. With its focus on sustainability and customer service, BLINK CHARGING looks set to continue to be a leader in the electric vehicle charging infrastructure industry. Live Quote…
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 |
| 94.33 | -125.08 | -133.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Blink Charging. More…
| Operations | Investing | Financing |
| -115.1 | -18.48 | 119.03 |
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 |
| 468.44 | 147.88 | 5.15 |
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 |
| 179.1% | – | -129.1% |
| FCF Margin | ROE | ROA |
| -132.9% | -23.3% | -16.2% |
Analysis – Blink Charging Intrinsic Value Calculation
GoodWhale has conducted an analysis of BLINK CHARGING‘s financials, and our valuation line has determined that the fair value of the company’s shares is around $86.9. Our proprietary Valuation Line takes into consideration a variety of factors such as the market price, the company’s competitive advantage, and its future potential. Based on our calculations, BLINK CHARGING shares are currently trading at $6.2 per share, which is 92.9% below its fair value. This indicates that BLINK CHARGING is significantly undervalued in the market and presents investors with a potential opportunity to purchase shares at a significant discount. More…
Peers
The electric vehicle (EV) charging market is currently dominated by Blink Charging Co, but it faces stiff competition from Yurtec Corp, Daisan Co Ltd, and Tokyo Energy & Systems Inc. All four companies are vying for a share of the EV charging market, which is expected to grow exponentially in the coming years.
– Yurtec Corp ($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
Investors analyzing potential investments in Blink Charging have seen strong revenue growth in the most recent quarter, with a total of USD 32.6 million, a 187.4% increase. Net income however decreased year-on-year from -22.6 million to -41.5 million. Consequently, this may raise some eyebrows for prospective investors who should carefully consider the potential risks involved. The company’s financials and prospects should be further evaluated in order to make an informed investing decision.
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