Bowlero Corp Stock Fair Value – BOWLERO CORP Reports Q2 FY2023 Earnings Results for Period Ending February 15, 2023.
March 18, 2023
Earnings Overview
BOWLERO CORP ($NYSE:BOWL) reported its earnings results for the second quarter of FY2023 on December 31 2022, with revenue at USD 1.4 million, a 104.2% increase from the previous year. Net income also increased, amounting to USD 273.4 million, a 33.2% year-over-year increase. The quarter ended on February 15 2023.
Transcripts Simplified
Bowlero reported a record second quarter of FY 2023 with revenues of $273 million and adjusted EBITDA of $97 million. Net Income was $1.4 million and adjusted for non-cash expenses related to the valuation of earn-out shares, normalized net income was $32.2 million. Bowlero successfully closed an amend and extend refinancing transaction to address the July 2024 maturity for its term loan B and increased its liquidity profile in a net leverage neutral transaction. In addition, Bowlero repurchased approximately $8 million worth of stock under its authorized stock repurchase program.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bowlero Corp. More…
| Total Revenues | Net Income | Net Margin |
| 1.03k | -54.51 | 4.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bowlero Corp. More…
| Operations | Investing | Financing |
| 234.26 | -222.5 | -37.22 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bowlero Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.94k | 1.79k | 0.93 |
Key Ratios Snapshot
Some of the financial key ratios for Bowlero Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 6.1% |
| FCF Margin | ROE | ROA |
| 10.2% | 25.3% | 2.0% |
Market Price
On Wednesday, BOWLERO CORP reported its second quarter financial results for the period ending February 15, 2023. The company’s stock opened at $14.4 and closed at $14.8, an increase of 2.7% from its last closing price of $14.4. This positive performance in the stock market reflects the positive sentiment towards BOWLERO CORP’s financial results. The company attributed its strong performance to an increase in demand for its services, cost optimization measures, and higher operational efficiency.
BOWLERO CORP’s management team has laid out a strong vision and strategy for the future, and these impressive financial results are a testament to their commitment to drive growth and profitability for the company. Going forward, the company expects continued demand for its services and is focused on continuing to optimize costs and increase efficiencies for sustained growth. Live Quote…
Analysis – Bowlero Corp Stock Fair Value
GoodWhale has just completed an analysis of the financials of BOWLERO CORP and our proprietary Valuation Line has come up with an intrinsic value for their share of around $15.3. At the current market rate, BOWLERO CORP stock is trading at $14.8, making it a good deal for investors who are looking to get a fair price but also a slight discount of 3.5%. This is an opportunity to buy an undervalued stock that may have potential for growth. More…
Peers
In the world of professional bowling, there are few companies that can compete with Bowlero Corp. Founded in 2013, Bowlero has quickly become the largest operator of bowling centers in the United States. With over 300 locations across the country, Bowlero offers bowlers of all skill levels a place to enjoy their favorite pastime. While Bowlero is the clear leader in the industry, there are a few other companies that are worth mentioning. PSYC Corp, Huayi Brothers Media Corp, and Thumzup Media Corp are all major players in the world of professional bowling. Each of these companies has its own unique strengths and weaknesses, but all three are worth keeping an eye on in the years to come.
– PSYC Corp ($OTCPK:PSYC)
PSYC Corp is a provider of mental health services. The company has a market capitalization of $364,120,000 as of 2022 and a return on equity of -178.11%. PSYC Corp offers a variety of services including psychiatric evaluations, medication management, individual and group therapy, and case management. The company serves patients of all ages, from children to adults.
– Huayi Brothers Media Corp ($SZSE:300027)
Huayi Brothers Media Corp is a Chinese entertainment company with a market cap of 6.41B as of 2022. The company has a Return on Equity of -26.65%. The company produces and distributes films and television programs, and also operates theaters.
– Thumzup Media Corp ($OTCPK:TZUP)
Thumzup Media Corp is a media company that focuses on creating and distributing content across multiple platforms. The company has a market cap of 44.84M as of 2022 and a Return on Equity of -286.45%. The company’s primary operations are in the United States, Canada, and the United Kingdom.
Summary
Investors should take a closer look at Bowlero Corp after its impressive performance in the second quarter of FY2023, ending February 15 2023. The company saw a 104.2% increase in total revenue, reaching USD 1.4 million and net income of USD 273.4 million, a 33.2% year-over-year growth. Taking into account the operational and financial metrics, the company is evidently well positioned in the market to deliver sustainable returns. Analysts believe that the company has an impressive long-term outlook and is poised to capitalize on the positive momentum going forward.
