Doma Holdings Intrinsic Value – DOMA HOLDINGS Reports Third Quarter FY2023 Earnings Results
November 21, 2023
🌥️Earnings Overview
DOMA HOLDINGS ($NYSE:DOMA) revealed their financial performance for Q3 of FY2023, closing on September 30 2023. Total revenue for the quarter was USD 76.2 million, a decrease of 29.3% YOY. Net income for the quarter was -25.6 million, drastically lower than the -84.1 million reported during the same period in the preceding year.
Share Price
DOMA HOLDINGS has reported its third quarter earnings results for FY2023. On Tuesday, the company’s stock opened at $4.8 and closed at $4.9, up by 3.0% from the prior closing price of $4.7. This marks a positive trend in the stock’s performance over the past quarter, showing that investors are optimistic about the company’s future prospects.
In addition, operating expenses for the quarter remained below budget estimates, helping to further increase the company’s net income for the quarter. Overall, DOMA HOLDINGS’ performance for the third quarter of FY2023 was strong and exceeded expectations. The company’s robust revenue growth, healthy gross margins and controlled operating expenses indicate that it is well-positioned to continue its profitable growth in the near future. As such, investors are likely to remain optimistic about the stock’s performance in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Doma Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 355.41 | -213.04 | -45.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Doma Holdings. More…
| Operations | Investing | Financing |
| -115.67 | 16.85 | -10.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Doma Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 263.18 | 273.46 | -0.77 |
Key Ratios Snapshot
Some of the financial key ratios for Doma Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.1% | – | -67.0% |
| FCF Margin | ROE | ROA |
| -36.1% | -81546.2% | -56.5% |
Analysis – Doma Holdings Intrinsic Value
GoodWhale has analyzed DOMA HOLDINGS‘s financials and found that the company’s fair value of a share is around $33.5. This figure is calculated by our proprietary Valuation Line, which works by taking into account the company’s financials, industry outlook, and macro environment. Currently, however, DOMA HOLDINGS stock is traded at $4.9, representing an undervaluation of 85.4%. We believe this presents an attractive opportunity for investors looking for a company with a strong underlying business. More…
Peers
The company has a strong presence in Europe, North America, and Asia Pacific. The company’s competitors include Fonciere Volta SA, Mobiventures Inc, Nexity SA.
– Fonciere Volta SA ($LTS:0J79)
Fonciere Volta SA is a French real estate company with a market cap of 87.54M as of 2022. The company has a Return on Equity of 4.17%. The company’s main business activity is the ownership and management of office buildings in France.
– Mobiventures Inc ($OTCPK:MBLV)
The company’s market cap is 643.65k as of 2022. The company’s ROE is 212.89%. The company is engaged in the business of mobile entertainment and provides mobile entertainment products and services.
– Nexity SA ($LTS:0KB3)
Nexity SA is a French real estate company with a market cap of 1.13B as of 2022. The company has a return on equity of 8.57%. Nexity SA is involved in the development, construction, and management of real estate properties in France. The company also provides real estate services, such as brokerage, property management, and valuation.
Summary
Investors in DOMA HOLDINGS should take note of the company’s recent earnings results for Q3 of FY2023. Total revenue for the quarter decreased by 29.3% compared to the same quarter the previous year, resulting in a net income of -25.6 million USD. Despite the decline, the stock price moved up on the same day.
This suggests that investors are still positive on the company’s outlook, and may be encouraged by its efforts to reduce losses and improve performance. Going forward, investors should keep an eye on the company’s financial performance to better assess its overall worth.
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