Hippo Holdings Stock Fair Value – HIPPO HOLDINGS Reports Earnings Results for FY2023 Q2

August 13, 2023

🌥️Earnings Overview

HIPPO HOLDINGS ($NYSE:HIPO) reported total revenue of USD 47.7 million for Q2 FY2023, ending on June 30 2023, on August 8 2023 – a 66.2% increase from the same quarter the year prior. Net income was reported to be USD -107.8 million, a decline from the -73.5 million reported in the previous year.

Stock Price

On Tuesday, HIPPO HOLDINGS released their earnings results for the second quarter of FY2023. The stock opened at $13.8 and closed the day at $12.6, a decrease of 13.1% from its last closing price of $14.5. The company attributed the decrease in profits to increased costs associated with the launch of new products, as well as higher operating expenses related to increased marketing and promotional activities. Overall, this quarter’s earnings report from HIPPO HOLDINGS was not as strong as investors had hoped. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

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

    Total Revenues Net Income Net Margin
    154 -370 -218.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

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

    Operations Investing Financing
    -118.1 46.1 -14.1
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

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

    Total Assets Total Liabilities Book Value Per Share
    1.68k 1.23k 19.15
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

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

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -184.5%
    FCF Margin ROE ROA
    -106.9% -31.9% -6.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Hippo Holdings Stock Fair Value

    At GoodWhale, we have conducted an analysis of HIPPO HOLDINGS‘s fundamental information. Our proprietary Valuation Line suggests that the intrinsic value of HIPPO HOLDINGS share is around $161.8. This indicates that the stock is currently undervalued by 92.2%, as it is currently traded at $12.6. We believe that this offers investors an excellent opportunity to capitalize on the current undervaluation of HIPPO HOLDINGS. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • Peers

    Its competitors include Assurant Inc, Arista Investors Corp, and Direct Line Insurance Group PLC.

    – Assurant Inc ($NYSE:AIZ)

    Assurant Inc is a provider of risk management solutions, specializing in the insurance and housing markets. The company has a market cap of 6.6B as of 2022 and a return on equity of 7.64%. Assurant’s products and services protect against risks associated with everyday life, including death, disability, property damage, and other losses. The company’s core businesses include life insurance, health insurance, auto insurance, and home insurance. Assurant also offers a variety of other products and services, such as pet insurance, travel insurance, and identity theft protection.

    – Arista Investors Corp ($LSE:DLG)

    Direct Line Insurance Group PLC is a United Kingdom-based company, which is engaged in the provision of general insurance products for motor vehicles and property through a number of brands, including Direct Line, Churchill, Privilege, Green Flag and NIG. The Company’s segments include Motor, Home, Rescue and Other. The Motor segment provides motor insurance products for cars, vans and motorcycles. The Home segment provides home insurance products, including buildings and contents insurance for homes, landlords’ insurance, holiday home insurance and caravan insurance. The Rescue segment provides emergency and other assistance services. The Other segment includes commercial vehicle insurance, fleet insurance, specialist vehicle insurance and international operations.

    Summary

    HIPPO HOLDINGS reported their FY2023 Q2 earnings on August 8, revealing a 66.2% increase in total revenue to USD 47.7 million.

    However, net income declined from -73.5 million to -107.8 million. On the same day, HIPPO HOLDINGS’ stock price dropped. Investors should analyze the company’s finances and business operations to assess their investment prospects, including profitability, sustainability and potential for growth. With an understanding of the company’s strengths and weaknesses, investors should be able to determine if an investment in HIPPO HOLDINGS is suitable for their portfolio.

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