Clarivate Plc Stock Fair Value Calculation – CLARIVATE PLC Reports USD 647.2 Million in Total Revenue and USD 12.3 Million in Net Income for FY2023 Q3

🌥️Earnings Overview

On November 7 2023, CLARIVATE PLC ($NYSE:CLVT) reported their earnings results for Q3 FY2023 which ended on September 30 2023. This reporting period saw a total revenue of USD 647.2 million and a net income of USD 12.3 million, representing a 1.8% and 100.3% increase year-over-year respectively.

Share Price

On Tuesday, CLARIVATE PLC reported its financial results for the fiscal year 2023 Q3. The company reported a total revenue of USD 647.2 million and a net income of USD 12.3 million. Its stock opened at $7.2 and closed at $7.0, up by 3.0% from the previous closing price of $6.8. The revenue growth was driven by strong performance in Clarivate’s core businesses, which include its Scientific and Scholarly Research Solutions, Clinical Development Solutions, Risk & Compliance Solutions, and IP & Regulatory Solutions.

The company also reported improved margins due to cost optimization initiatives. The net income was mainly driven by lower costs associated with restructuring activities, the sale of non-core business units, and a focus on cost optimization measures. Overall, Clarivate PLC’s financial performance in the fiscal year 2023 Q3 was strong, and its stock rose 3.0% from the previous closing price of $6.8 on Tuesday. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Clarivate Plc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Clarivate Plc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Clarivate Plc. More…

Key Ratios Snapshot

Some of the financial key ratios for Clarivate Plc are shown below. More…

Analysis – Clarivate Plc Stock Fair Value Calculation

At GoodWhale, we have recently analyzed CLARIVATE PLC‘s financials and our proprietary Valuation Line has given us an intrinsic value of CLARIVATE PLC share at around $21.8. This means that CLARIVATE PLC stock is currently trading at $7.0, which is 68.0% undervalued compared to its intrinsic value. We believe this is a great opportunity for investors to gain a significant return in the long run. More…

Peers

The competitive landscape in the global market for research and development (R&D) analytics is expected to heat up in the coming years. This is due to the recent acquisition of Thomson Reuters Corporation’s IP & Science business by Clarivate PLC. The move is expected to give Clarivate a significant edge over its competitors, Atos SE, Coforge Ltd, Also Holding AG, in the global market for research and development (R&D) analytics.

– Atos SE ($OTCPK:AEXAY)

Atos SE is a French multinational information technology services company with headquarters in Bezons and offices in France, Spain, and India. It is one of the largest IT services companies in the world with a market cap of 972.75M as of 2022. The company has a Return on Equity of -44.22%.

Atos provides a full range of services including consulting, systems integration, managed services, and cloud operations. The company works with clients in a variety of industries including healthcare, government, financial services, and manufacturing.

– Coforge Ltd ($BSE:532541)

Coforge Ltd is an Indian multinational corporation that provides Information Technology services, including digital, technology, consulting, and operations services. It is headquartered in Pune, India. As of March 2021, the company had a market capitalization of ₹17.29 trillion (US$233.97 billion) and an annual revenue of ₹1.39 trillion (US$19.1 billion). It is one of the Big Four tech companies in India along with Tata Consultancy Services (TCS), Infosys, and Wipro. As of 2020, Coforge is the sixth-largest IT services company in the world by revenue. The company has over 190,000 employees across 42 countries.

Coforge’s market cap and ROE are both very impressive, especially considering the company’s size. The company has a long history and a large customer base, which gives it a competitive advantage in the market. Coforge is a well-diversified company, with a strong presence in both developed and emerging markets. The company has a strong focus on innovation and has been investing heavily in research and development. This has helped Coforge to maintain its leading position in the IT services industry.

– Also Holding AG ($LTS:0QLW)

Given that the company has a market cap of 1.93B as of 2022, a return on equity of 14.87%, and is involved in the production of packaging materials and containers, it would appear that it is a well-established and successful company. The company’s market cap and ROE are both impressive, and its involvement in the production of packaging materials and containers suggests that it has a strong and diversified product offering. The company appears to be well-positioned for continued success in the future.

Summary

Investors reacted positively to Clarivate PLC‘s latest earnings report for the third quarter of 2023. Revenue of USD 647.2 million was an increase of 1.8%, compared to the same period one year ago, and net income of USD 12.3 million marked a 100.3% year-on-year increase. The news resulted in a stock price rise, suggesting investors have faith in the company’s performance and have confidence in its future prospects. Clarivate PLC is well-positioned for continued growth and outperforming results in the coming quarters.