FDS Intrinsic Value Calculation – FACTSET RESEARCH SYSTEMS Reports Fourth Quarter Earnings Results for Fiscal Year 2023

🌥️Earnings Overview

FACTSET RESEARCH SYSTEMS ($NYSE:FDS) released their fiscal year 2023 fourth quarter earnings results on September 21 2023, for the period ending August 31 2023. Total revenue rose by 7.3%, reaching USD 535.8 million, though net income declined 37.7% compared to the same time last year, to USD 65.1 million.

Market Price

The company’s stock opened at $421.9 and closed at $426.8, representing a 0.7% increase from the previous closing price of $423.8. The company’s stock saw a slight uptick in trading volume as it experienced a slight rise in share value over the course of the trading day. This marks the company’s first earnings report of the fiscal year and provides insight into how their current performance is trending. The results from this quarter have been generally positive, with reports indicating that FACTSET RESEARCH SYSTEMS is continuing to perform well despite the ongoing challenges of the global pandemic. The company’s revenues have grown significantly in comparison to the same period last year, indicating that they are well-positioned to succeed in the upcoming financial quarter.

Additionally, their balance sheet remains strong, with no debt and plenty of cash on hand to invest in future growth opportunities. Overall, FACTSET RESEARCH SYSTEMS’ quarterly earnings report provides investors with an optimistic outlook for the company’s near future. With a strong balance sheet and growing revenues, the company is well-positioned to take advantage of any potential upturns in the market. As such, investors should keep a close eye on FACTSET RESEARCH SYSTEMS’ upcoming earnings reports as they will provide further insight into the company’s overall performance. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis – FDS Intrinsic Value Calculation

As GoodWhale, we have conducted an analysis of FACTSET RESEARCH SYSTEMS’s wellbeing. Our proprietary Valuation Line has determined that the intrinsic value of FACTSET RESEARCH SYSTEMS share is approximately $450.3. Currently, FACTSET RESEARCH SYSTEMS stock is being traded at $426.8, which makes it a fair price that is undervalued by 5.2%. We believe that this could be a good opportunity to invest in the company. More…

Peers

Its main competitors are London Stock Exchange Group PLC, QuoteMedia Inc, and Euromoney Institutional Investor PLC. All three companies are major players in the financial data and analytics industry, with FactSet holding a slight edge in terms of market share.

– London Stock Exchange Group PLC ($LSE:LSEG)

London Stock Exchange Group PLC has a market cap of 40.89B as of 2022, a Return on Equity of 3.86%. The company operates a number of stock exchanges in the United Kingdom, including the London Stock Exchange, which is the largest stock exchange in Europe. In addition to stock exchanges, the company also provides trading, clearing, and settlement services for a variety of financial instruments.

– QuoteMedia Inc ($OTCPK:QMCI)

QuoteMedia, Inc. provides digital financial content and technology solutions for the financial services industry in North America and internationally. It operates in two segments, Content and Enterprise. The Content segment offers real-time stock market quotes, news, charts, and research data through its Quotestream product suite to retail and institutional investors, media, and individual investors; and web-based solutions and data products, including Stockhouse.com, an online investment community for Canadian investors. This segment also provides premium subscription-based data products, such as Portfolio123 and MarketQA, as well as content licensing services. The Enterprise segment offers data products and services to broker-dealers, investment advisors, and other financial institutions. This segment provides technology solutions to power trading platforms, client portals, and other Web-based applications; and data integration solutions that enable the distribution of real-time content on desktop applications, mobile devices, and third-party Web sites. The company was founded in 1999 and is headquartered in Montreal, Canada.

– Euromoney Institutional Investor PLC ($LSE:ERM)

Euromoney Institutional Investor PLC is a provider of business information and research for the global financial markets. The company has a market capitalization of 1.58 billion as of 2022 and a return on equity of 2.93%. The company’s products and services include news, analysis, and research on the global financial markets, as well as data and intelligence on companies, industries, and economies. Euromoney Institutional Investor PLC is headquartered in London, the United Kingdom.

Summary

FACTSET RESEARCH SYSTEMS reported their fourth-quarter earnings results for the fiscal year 2023 on September 21. Total revenue increased 7.3% year-over-year to USD 535.8 million, however, net income decreased 37.7% year-over-year to reach USD 65.1 million. For investors, this could signal a potential buying opportunity or a risk of continued underperformance in the market. Analysts may want to consider whether the company’s underlying fundamentals are strong enough to support its stock performance or whether its high valuation is justified given the current outlook.