Iac Inc Intrinsic Stock Value – IAC INC Reports Positive Earnings Results for Q2 FY2023
August 24, 2023
☀️Earnings Overview
On June 30 2023, IAC INC ($NASDAQ:IAC) reported their financial results for the second quarter of the 2023 fiscal year. The total revenue for Q2 was USD 1111.6 million, representing an 18.4% decrease from the same period in the prior year. The net income for Q2 was USD -89.0 million, compared to the reported loss of -869.1 million in the same period the year before.
Share Price
On Tuesday, IAC INC reported their positive earnings results for the second quarter of fiscal year 2023. The stock opened at $66.1, but closed at $67.1, which was only 0.5% lower than the previous closing price of $67.4. This was an impressive result considering the volatility of the market over the past few months. These impressive figures show that the company is in good health and is well positioned to handle the uncertainties of the market.
The company also improved its cash flow, which will likely lead to further growth over time. Investors should feel confident in the company’s performance and future prospects going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Iac Inc. More…
| Total Revenues | Net Income | Net Margin |
| 4.74k | 252.19 | -8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Iac Inc. More…
| Operations | Investing | Financing |
| 53.37 | -296.74 | -242.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Iac Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.55k | 3.74k | 71.24 |
Key Ratios Snapshot
Some of the financial key ratios for Iac Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.7% | – | 9.9% |
| FCF Margin | ROE | ROA |
| -2.5% | 4.7% | 2.8% |
Analysis – Iac Inc Intrinsic Stock Value
GoodWhale has conducted a thorough analysis of IAC INC‘s fundamentals, and our proprietary Valuation Line has estimated that the fair value of an IAC INC share is around $92.6. Currently, however, IAC INC stock is being traded at a price of $67.1 – a discount of 27.5% from its fair value. This presents investors with a great opportunity to purchase IAC INC shares at an attractive price. More…
Peers
IAC/InterActiveCorp is headquartered in New York City.
– Angi Inc ($NASDAQ:ANGI)
As of 2022, Angi Inc’s market cap is 971.35M and its ROE is -5.81%. Angi Inc is a provider of home services that connects consumers with service professionals. The company operates in two segments: HomeAdvisor and Angie’s List. Its HomeAdvisor segment offers a digital marketplace that connects consumers with service professionals for home repair, maintenance, and improvement projects. The Angie’s List segment offers a membership-based website and app that provides consumers with reviews of local service providers.
– Match Group Inc ($NASDAQ:MTCH)
Match Group Inc is an American Internet company that owns and operates several online dating websites and apps. The company has a market cap of 12.02B as of 2022 and a return on equity of -41.93%. Match Group Inc was founded in 1995 and is headquartered in Dallas, Texas. The company offers a variety of online dating services and apps, including Tinder, Hinge, OkCupid, PlentyOfFish, and Match.com.
– InfoSearch Media Inc ($OTCPK:ISHM)
Media Inc has a market cap of 52.49k as of 2022. The company is a provider of information and analysis on the media industry, including traditional and digital media companies.
Summary
IAC Inc, a media and internet company, reported second quarter fiscal year 2023 earnings on June 30th, 2023. This decrease in net income is likely a result of the current pandemic-related economic downturn. For investors, this may be concerning, as the company’s profit margins are narrowing.
Nevertheless, the company still holds a strong competitive position in its industry and may be able to turn things around in the coming quarters. It will be important to keep an eye on IAC Inc’s quarterly performance for any signs of improvement.
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