Couchbase Stock Fair Value – COUCHBASE Reports Q2 FY 2024 Earnings Results on July 31, 2023
September 9, 2023
🌥️Earnings Overview
COUCHBASE ($NASDAQ:BASE) announced its earnings results for the second quarter of fiscal year 2024 on July 31 2023. Total revenue for the quarter totaled USD 43.1 million, an 8.4% increase from the same period in the prior year. Net income for the quarter was reported at USD -20.6 million, compared to a net loss of USD 15.4 million in the same quarter of the prior year.
Price History
On Wednesday, July 31, 2023, COUCHBASE reported its second quarter fiscal year 2024 earnings results. The stock opened at $17.1 but closed at $16.5, representing a 3.1% drop from the previous closing price of $17.0.
Additionally, COUCHBASE’s expenses rose by 8% year-over-year, indicating that the company is continuing to invest in its growth initiatives such as product development and marketing. Despite the decline in stock price and mixed financial results, COUCHBASE remains optimistic about the future. The company stated that it is continuing to focus on investments in its business and expects to see improved financial results going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Couchbase. More…
| Total Revenues | Net Income | Net Margin |
| 164.31 | -75.82 | -45.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Couchbase. More…
| Operations | Investing | Financing |
| -32.62 | 19.22 | 8.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Couchbase. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 243.65 | 108.11 | 2.92 |
Key Ratios Snapshot
Some of the financial key ratios for Couchbase are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.3% | – | -45.4% |
| FCF Margin | ROE | ROA |
| -23.2% | -33.7% | -19.1% |
Analysis – Couchbase Stock Fair Value
At GoodWhale, we have conducted an analysis of COUCHBASE‘s fundamentals and have come to the conclusion that the intrinsic value of COUCHBASE’s shares is around $22.4. This is based on our proprietary Valuation Line, which takes into account numerous factors such as the company’s financials, competitive landscape and potential for growth. Currently, COUCHBASE’s stock is trading at $16.5, representing a 26.4% discount to its true worth. Therefore, we believe that COUCHBASE is currently undervalued and has potential for long-term growth. More…
Peers
It is a competitor to MongoDB Inc, Oracle Corp, and Microsoft Corp.
– MongoDB Inc ($NASDAQ:MDB)
MongoDB is a company that provides a database system that is designed for scalability and flexibility. The company’s products are used by organizations in a variety of industries, including healthcare, education, government, and more. MongoDB has a market capitalization of 12.82 billion as of 2022 and a return on equity of -32.06%. The company’s products are used by organizations in a variety of industries, including healthcare, education, government, and more.
– Oracle Corp ($NYSE:ORCL)
Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company specializes in developing and marketing database software and technology, cloud engineered systems, and enterprise software products—particularly its own brands of database management systems. In 2020, Oracle was the second-largest software company by revenue and market capitalization.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market capitalization of $1.76 trillion as of April 2021. Microsoft is a leading provider of software and services for businesses and consumers worldwide. The company’s products include the Windows operating system, the Microsoft Office suite of productivity software, the Azure cloud computing platform, and the Xbox gaming console. Microsoft also provides online advertising services and cloud computing services. The company was founded by Bill Gates and Paul Allen in 1975, and it is headquartered in Redmond, Washington.
Summary
COUCHBASE reported its earnings results for the second quarter of fiscal year 2024 on July 31 2023, yielding total revenue of USD 43.1 million, representing an 8.4% year-over-year increase from the prior year. Despite this growth, net income was still reported at USD -20.6 million, compared to USD -15.4 million in the same period of the prior year. This resulted in the stock price dropping the same day. Investors should consider this financial performance when examining COUCHBASE as an investment option, as the company is not yet profitable and has not yet achieved sufficient revenue growth to offset its operating costs.
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