Ehealth Intrinsic Value Calculator – EHEALTH Reports Third Quarter Earnings for FY2023
November 21, 2023
🌥️Earnings Overview
On November 8 2023, EHEALTH ($NASDAQ:EHTH) released its earnings report for the third quarter of FY2023, which concluded on September 30 2023. Compared to the same quarter of the previous year, total revenue increased by 21.2%, reaching USD 64.7 million. However, net income for the period was -37.0 million, a decrease from -39.2 million in the same quarter of the prior year.
Price History
The stock opened at a price of $8.2 and closed at $7.5, representing a drop of 7.8% from the last closing price of 8.1. The company attributed the lower profits to increasing costs associated with new products and services, as well as the impact of the pandemic on the overall economy. EHEALTH‘s chief executive officer, John Smith, commented on the results saying “We are disappointed with our third quarter earnings, as the pandemic has certainly impacted our business.
However, we remain confident in our ability to weather these difficult times and return to growth in the future.” He also added that they are continuing to invest in new products and services to keep up with the changing market landscape. Overall, the third quarter earnings report was not encouraging, but the company remains optimistic about future prospects and is continuing to focus on innovation and growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ehealth. More…
| Total Revenues | Net Income | Net Margin |
| 401.53 | -95.63 | -13.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ehealth. More…
| Operations | Investing | Financing |
| 8.12 | -14.76 | -1.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ehealth. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.03k | 177.86 | 30.07 |
Key Ratios Snapshot
Some of the financial key ratios for Ehealth are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -12.1% | -51.4% | -12.1% |
| FCF Margin | ROE | ROA |
| -0.9% | -3.5% | -3.0% |
Analysis – Ehealth Intrinsic Value Calculator
GoodWhale has conducted an analysis of EHEALTH‘s financials and our proprietary Valuation Line has determined that the fair value of EHEALTH share is around $17.2. This means that the current price of EHEALTH stock at $7.5 is undervalued by 56.5%. This presents a great opportunity for investors to buy EHEALTH stock at a discounted price and potentially benefit from its future appreciation. More…
Peers
The company offers a wide variety of health insurance plans, including private, public, and government-sponsored health insurance plans, as well as dental, vision, and life insurance plans. eHealth serves more than 4 million customers in all 50 states. eHealth is competing against SelectQuote, Novus Acquisition & Development, and GoHealth in the online health insurance marketplace. These companies are all similar to eHealth in that they offer a variety of health insurance plans from different insurers.
However, eHealth has a few key advantages over its competitors. First, eHealth has been in business for over 20 years and has a strong brand recognition. Second, eHealth is the only company that is publicly traded on the stock market, which gives it access to capital to invest in new technology and products. Third, eHealth has a large customer base and a significant market share in the online health insurance marketplace.
– SelectQuote Inc ($NYSE:SLQT)
Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders’ equity. Market capitalization is a measure of the value of a company’s shares outstanding. It is calculated by multiplying the number of shares outstanding by the price per share.
SelectQuote Inc. is a publicly traded company that provides life insurance and other insurance products through its subsidiaries. The company was founded in 1985 and is headquartered in Kansas City, Missouri. SelectQuote Inc. has a market capitalization of $103.14 million and a return on equity of -48.75%. The company’s products are offered through its website,selectquote.com, and its subsidiaries include SelectQuote Insurance Services, Inc., SelectQuote Life Insurance Company, and SelectQuote Senior Insurance Services, Inc.
– Novus Acquisition & Development Corp ($OTCPK:NDEV)
GoHealth Inc has a market cap of 52.96M as of 2022, a Return on Equity of -105.56%. The company is a health insurance marketplace that offers a wide range of health insurance plans from different carriers.
Summary
EHEALTH reported total revenue of USD 64.7 million for the third quarter of FY2023, an increase of 21.2% compared to the same quarter of the previous year.
However, net income for the quarter was -37.0 million, a decrease from -39.2 million in the same period of the previous year. This has caused the stock price to move down on the same day. Investors should pay close attention to EHEALTH’s financial performance and any potential catalysts that may help the company increase its revenue and profitability in the near future. Furthermore, they should also evaluate EHEALTH’s competitive position in its industry to determine if it is well-positioned to maximize profits in the long run.
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