JOHN WILEY & SONS Reports 7.5% Decrease in Q1 Earnings Results for FY2024
September 10, 2023
🌥️Earnings Overview
On September 7 2023, JOHN WILEY & SONS ($NYSE:WLY) reported their Q1 FY2024 earnings results, with total revenue dropping by 7.5% to USD 451.0 million compared to the same period in the prior year. Net income for the quarter also decreased, coming in at USD -92.3 million versus -17.8 million in the same quarter of the previous year.
Analysis
GoodWhale performed an analysis of the fundamentals of JOHN WILEY & SONS and found that the company is strong in dividend and profitability, but weak in asset and growth. Based on this, JOHN WILEY & SONS is classified as a ‘cow’, a company with the track record of paying out consistent and sustainable dividends. This makes it an attractive option for investors interested in dividend stocks or those looking for passive income and long-term investment returns. Furthermore, GoodWhale gave JOHN WILEY & SONS a health score of 7/10 with regards to its cashflows and debt, indicating that the firm is capable of paying off debt and funding future operations. This makes it a viable option for investors who prioritize financial security and stability. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WLY. More…
| Total Revenues | Net Income | Net Margin |
| 1.98k | -57.2 | 4.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WLY. More…
| Operations | Investing | Financing |
| 284.68 | -102.33 | -180.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WLY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.93k | 1.99k | 16.95 |
Key Ratios Snapshot
Some of the financial key ratios for WLY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | 4.0% | -0.4% |
| FCF Margin | ROE | ROA |
| 8.9% | -0.5% | -0.2% |
Peers
Competition in the publishing industry is fierce, with John Wiley & Sons Inc. facing challenges from prominent rivals such as Sasbadi Holdings Bhd, Hanoi Education Investment and Development Joint Stock Co, and Promotora de Informaciones SA. Each of these companies has their own unique business model, but they are all vying for the same customers – readers and businesses who need the services they provide. With John Wiley & Sons Inc. at the helm, this competitive landscape will only grow more intense.
– Sasbadi Holdings Bhd ($KLSE:5252)
Sasbadi Holdings Bhd is a Malaysian educational publisher and learning solutions provider. It has a market capitalisation of 50.96 million as of 2023 and a negative Return on Equity of -5.29%. Market capitalisation is a measure of the company’s size and reflects the total value of all its assets, while Return on Equity measures the profitability of the company relative to the equity invested by its shareholders.
– Hanoi Education Investment And Development Joint Stock Co ($HNX:EID)
Promotora de Informaciones SA is a multinational information services company based in Spain. With a market capitalization of 212.27 million Euros as of 2023, the company is among the larger players in the industry. Its Return on Equity (ROE) of -4.03% indicates a high level of profitability and efficiency in the use of investor capital. The company provides a range of information services, such as market research, data processing, and analysis. It also offers customised solutions to clients and helps them make informed decisions through its comprehensive databases and analytics tools.
Summary
John Wiley & Sons reported their first quarter earnings for FY2024. Total revenue had decreased by 7.5% year over year, to USD 451.0 million. Net income was significantly lower at USD -92.3 million, compared to -17.8 million during the same quarter of the previous year. Given the drastic drop in profit, investors should further investigate the underlying factors behind the company’s performance, and consider any potential risks associated with investing in John Wiley & Sons.
Additionally, they should review the company’s financials to assess its debt burden and liquidity levels to determine if the company is still a viable investment opportunity.
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