Domo Stock Fair Value Calculation – DOMO Reports Q2 FY2024 Earnings Results for August 24 2023
August 27, 2023
🌥️Earnings Overview
On July 31, 2023, DOMO ($NASDAQ:DOMO) reported its financial results for the second quarter of FY2024, which concluded on August 24, 2023. The company’s total revenue rose 5.5% year-over-year to USD 79.7 million, and the net income amounted to USD -16.1 million, an improvement from the previous year’s figure of -29.1 million.
Market Price
On Thursday, August 24, 2023, DOMO released its financial results for the second quarter of FY2024. The report showed that DOMO’s stock opened at $17.3 and closed at $17.0. In addition to the stock performance, the report also revealed a variety of key metrics. The report also noted several key strategic initiatives that DOMO plans to pursue in the near future.
These initiatives include expanding existing products and services, developing new products and services, and increasing its presence in new markets. Overall, the strong financial performance and ambitious strategic initiatives reported by DOMO indicate that the company is well positioned for continued growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Domo. domo&utm_title=DOMO_Reports_Q2_FY2024_Earnings_Results_for_August_24_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 317.78 | -84 | -26.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Domo. domo&utm_title=DOMO_Reports_Q2_FY2024_Earnings_Results_for_August_24_2023″>More…
| Operations | Investing | Financing |
| -7.85 | -11.11 | 2.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Domo. domo&utm_title=DOMO_Reports_Q2_FY2024_Earnings_Results_for_August_24_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 212.1 | 363.94 | -4.25 |
Key Ratios Snapshot
Some of the financial key ratios for Domo are shown below. domo&utm_title=DOMO_Reports_Q2_FY2024_Earnings_Results_for_August_24_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.6% | – | -20.4% |
| FCF Margin | ROE | ROA |
| -6.0% | 26.8% | -19.1% |
Analysis – Domo Stock Fair Value Calculation
GoodWhale has conducted an analysis of DOMO‘s fundamentals and our proprietary Valuation Line has determined that the fair value of a DOMO share is around $48.1. This figure is substantially higher than the current market price of $17.0, indicating that DOMO is currently undervalued by 64.7%. Our analysis suggests that there is a considerable potential for growth and a strong investment opportunity. More…
Peers
In the business world, there is always competition. Domo Inc is no exception. It competes with other companies such as My Rewards International Ltd, Tintri Inc, and IntelliHR Ltd. While each company has its own strengths and weaknesses, they all strive to be the best in the industry. Domo Inc has an edge over its competitors because of its innovative technology and cutting-edge products. It is always looking for new ways to improve its products and services so that it can stay ahead of the competition.
– My Rewards International Ltd ($ASX:MRI)
Tintri Inc is a data storage company that specializes in providing solutions for virtualized environments. The company has a market cap of 675.02k and a ROE of 116.12%. Tintri’s products are designed to provide high performance, scalability, and ease of use for customers who are looking to improve their storage infrastructure. The company’s products are used by some of the world’s largest organizations, including Microsoft, Amazon, and Facebook.
– Tintri Inc ($OTCPK:TNTRQ)
IntelliHR Ltd is a provider of cloud-based human resources (HR) solutions. The company offers a suite of HR tools designed to help businesses manage their employee data, onboard new employees, and comply with HR regulations. IntelliHR’s solutions are used by businesses of all sizes, from small businesses to enterprise organizations.
The company has a market capitalization of 26.86 million as of 2022 and a return on equity of -55.59%. IntelliHR’s human resources solutions are used by businesses of all sizes to manage employee data, onboard new employees, and comply with HR regulations. The company’s cloud-based solutions offer a suite of HR tools that are designed to help businesses improve their HR processes.
Summary
Investors in DOMO saw encouraging news in its second quarter of FY 2024 financial results. Total revenue increased 5.5% year-over-year, reaching USD 79.7 million. The company also reported a net income of USD -16.1 million, a significant improvement from the previous year’s figure of -29.1 million. These figures could be an indication that the company is taking steps to bring its finances back on track and may be an attractive option for investors looking for long-term growth potential.
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