Globant S.a Stock Fair Value Calculation – GLOBANT S.A Reports Financial Results for Q2 of Fiscal Year 2023
August 20, 2023
🌥️Earnings Overview
GLOBANT S.A ($NYSE:GLOB) reported their fiscal year 2023 second quarter financial results, ending June 30, 2023, with total revenue of USD 497.5 million, a 15.9% increase from the same period in the previous year. Nevertheless, net income saw a slight decrease of 0.3%, totaling USD 37.0 million.
Share Price
The stock opened at $167.0 and closed at $163.0, which was a decrease of 2.9% from last closing price of 167.8 on the previous day. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Globant S.a. More…
| Total Revenues | Net Income | Net Margin |
| 1.92k | 148.59 | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Globant S.a. More…
| Operations | Investing | Financing |
| 197.52 | -269.3 | -65.68 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Globant S.a. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.25k | 568.68 | 38.48 |
Key Ratios Snapshot
Some of the financial key ratios for Globant S.a are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 38.0% | 39.1% | 10.7% |
| FCF Margin | ROE | ROA |
| 5.3% | 8.0% | 5.7% |
Analysis – Globant S.a Stock Fair Value Calculation
At GoodWhale, we have conducted an in-depth analysis of GLOBANT S.A‘s financials and have determined that the intrinsic value of a GLOBANT S.A share is around $310.3. This figure was calculated through our proprietary Valuation Line that takes into consideration the company’s current and historical financial data, alongside other factors. Currently, GLOBANT S.A’s stock is traded at $163.0, which is a considerable 47.5% lower than its intrinsic value, leading us to conclude that the stock is undervalued. This presents an attractive opportunity to investors looking to buy in at a lower price and potentially achieve a high return on their investments. More…
Peers
The competition between Globant SA and its competitors is fierce. Each company is striving to be the best in the industry, and they are all fighting for market share. Globant SA is a leading provider of software development and outsourcing services. AudioEye Inc is a provider of web accessibility solutions. Gofore PLC is a provider of digital transformation services. Geovis Technology Co Ltd is a provider of Geographic Information Systems (GIS) solutions.
– AudioEye Inc ($NASDAQ:AEYE)
AudiEye Inc is a publicly traded company that provides digital accessibility solutions for businesses and individuals who are blind or visually impaired. The company has a market cap of 60.79M as of 2022 and a Return on Equity of -113.07%. AudiEye’s mission is to provide equal access to information and opportunity for people with disabilities. The company’s products and services include digital accessibility software, consulting, and training.
– Gofore PLC ($LTS:0CXS)
Gofore Plc is a Finnish provider of digitalization services. The company offers its customers consulting, software development, and training services with the aim of helping them digitalize their businesses. Gofore’s shares are listed on the Nasdaq Helsinki stock exchange.
Gofore’s market cap as of 2022 is 338.78M. The company has a Return on Equity of 14.21%. Gofore’s main competitors include Accenture, Deloitte, and IBM.
– Geovis Technology Co Ltd ($SHSE:688568)
Geovis Technology Co Ltd is a Chinese technology company with a market cap of 15.7 billion as of 2022. The company’s return on equity is 7.63%. Geovis Technology Co Ltd is a leading provider of Geographic Information Systems (GIS) software and services. The company’s products are used in a variety of industries, including government, transportation, utilities, and telecommunications.
Summary
GLOBANT S.A reported strong financial results for the second quarter of 2023, with total revenue increasing 15.9%. Net income did decrease slightly, however, dropping 0.3% to USD 37.0 million. Investing analysis of GLOBANT S.A reveals a promising outlook for this tech-focused multinational corporation. The company’s revenue growth indicates that its strategies are on track and expected to continue to generate positive results.
Furthermore, since net income only slightly decreased, it suggests that GLOBANT S.A has a healthy cost structure and is efficiently managing its resources. Investors should watch for further developments and consider GLOBANT S.A a viable option for their portfolios.
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