Box Stock Intrinsic Value – BOX Reports Positive Q2 Earnings for FY2024 Period Ending July 31, 2023
September 6, 2023
☀️Earnings Overview
On August 29 2023, BOX ($NYSE:BOX) reported their FY2024 Q2 earnings results, which ended on July 31 2023. The total revenue for the quarter was USD 261.4 million, a 6.3% year-over-year increase. Net income was USD 10.8 million, a significant improvement compared to the same period in the previous year when it was only USD 1.0 million.
Market Price
On Tuesday, BOX reported positive Q2 earnings for the FY2024 period ending July 31, 2023. Opening at $30.4 and closing at $30.8, BOX stock saw a modest 0.9% increase from its prior closing price of 30.5. This increase is indicative of the strong performance by the company during the quarter. The impressive earnings report is a testament to the hard work and dedication of the entire BOX team.
Thanks to their stellar performance, BOX’s stock has seen a steady increase over the last few months, with no signs of slowing down in the near future. Investors are optimistic about the company’s future prospects and are excited about the potential for continued growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Box. More…
| Total Revenues | Net Income | Net Margin |
| 1.02k | 30.15 | 4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Box. More…
| Operations | Investing | Financing |
| 319.52 | -23.69 | -245.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Box. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.07k | 1.11k | -0.32 |
Key Ratios Snapshot
Some of the financial key ratios for Box are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.5% | – | 5.0% |
| FCF Margin | ROE | ROA |
| 29.3% | -94.9% | 3.0% |
Analysis – Box Stock Intrinsic Value
At GoodWhale we have conducted an analysis of BOX‘s financials and come to the conclusion that the fair value of the BOX share is around $29.8. This figure has been calculated with our proprietary Valuation Line system which takes into account a range of financial factors in order to determine an accurate share price. Currently, BOX stock is being traded at $30.8 – a fair price but one that is slightly overvalued by 3.3%. More…
Peers
The company offers two products: Box for Business, a subscription-based service for businesses, and Box for Individuals, a free service for personal use. Box has over 50 million users and is used by over 90,000 businesses, including 85% of the Fortune 500. Box’s main competitors are Sovereign Cloud Holdings Ltd, Dropbox Inc, OVH Groupe.
– Sovereign Cloud Holdings Ltd ($ASX:SOV)
Sovereign Cloud Holdings Ltd is a holding company that provides cloud-based software and services. It has a market cap of 25.46M as of 2022 and a Return on Equity of -23.08%. The company offers a range of products and services, including cloud-based storage, computing, and networking services. It also provides consulting and support services to help businesses migrate to the cloud.
– Dropbox Inc ($NASDAQ:DBX)
Dropbox Inc is a cloud storage and file synchronization company. It has a market cap of 8.55B as of 2022 and a Return on Equity of -39.64%. The company was founded in 2007 by Drew Houston and Arash Ferdowsi and has headquarters in San Francisco, California.
– OVH Groupe ($BER:7U7)
OVH Groupe is a French multinational cloud computing company founded in 1999. It has a market cap of 2.54B as of 2022 and a Return on Equity of -21.8%. The company provides various cloud computing services, including public and private cloud, dedicated servers, and storage. It also offers a wide range of other services, such as web hosting, domain names, and e-commerce.
Summary
Box‘s second quarter earnings for fiscal year 2024 beat expectations, with total revenue increasing 6.3% year-over-year and net income increasing significantly by USD 10.8 million compared to the same period last year. This was driven primarily by strong performance in Box’s core cloud storage business, as well as continued adoption of their enterprise solutions. Going forward, investors should keep an eye on Box’s ability to maintain strong customer growth, as well as their ability to move into new markets and gain market share in existing markets.
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