LNW Intrinsic Stock Value – LIGHT & WONDER Reports Record Earnings for FY2023 Q3, Ending September 30 2023
November 25, 2023
🌥️Earnings Overview
On November 9, 2023, LIGHT & WONDER ($NASDAQ:LNW) announced its financial results for the third quarter of FY2023 ending September 30, 2023. Total revenue for the period stood at USD 731.0 million, signifying a 12.8% increase from the same quarter in the prior year. Unfortunately, the company’s net income dropped 77.1%, standing at USD 75.0 million.
Market Price
On Thursday, the stock of global tech giant LIGHT & WONDER (L&W) opened at a record-breaking high of $80.0 and saw an early surge in its share price.
However, by the close of business on the same day, the stock had dropped by 2.1%, closing at $78.1 from its prior closing price of $79.8. Despite this short-term decrease in the stock’s price, L&W released its quarterly report, showing record-breaking earnings for the quarter ending September 30 2023. The news of such hopeful progress has generated much optimism amongst shareholders and analysts alike. The share price of L&W is expected to remain stable in the long term as the company continues to expand and innovate in the ever-evolving tech industry. Overall, these impressive earnings reports for the third quarter of FY2023 have brought many investors newfound optimism in this period of economic uncertainty. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LNW. More…
| Total Revenues | Net Income | Net Margin |
| 2.81k | 126 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LNW. More…
| Operations | Investing | Financing |
| 336 | -218 | -501 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LNW. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.89k | 4.74k | 10.66 |
Key Ratios Snapshot
Some of the financial key ratios for LNW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.1% | 35.4% | 16.7% |
| FCF Margin | ROE | ROA |
| 3.4% | 29.2% | 5.0% |
Analysis – LNW Intrinsic Stock Value
After conducting an analysis of LIGHT & WONDER’s financials, GoodWhale has determined that the intrinsic value of LIGHT & WONDER shares is around $68.1. This was calculated using our proprietary Valuation Line, which takes into account a company’s current financial position to determine a fair price for its stock. Upon inspection of the current market price of LIGHT & WONDER stock, we find that the stock is currently trading at $78.1 – this is a fair price, though it is overvalued by 14.8%. More…
Peers
They offer a wide range of products and services that are designed to meet the needs of the gaming industry. Their products are used by some of the world’s largest gaming operators. PlayAGS Inc, NanoTech Gaming Inc, and Inspired Entertainment Inc are all major competitors of Light & Wonder Inc.
– PlayAGS Inc ($NYSE:AGS)
AGS Inc is a leading provider of casino gaming products and services. The company has a market capitalization of 196.73 million as of 2022 and a return on equity of 27.82%. AGS Inc provides a wide range of gaming products and services, including casino management systems, slot machines, table games, and other gaming equipment. The company also offers a variety of services, such as player tracking, marketing, and player development.
– NanoTech Gaming Inc ($OTCPK:NTGL)
Inspired Entertainment Inc is a gaming technology company that provides virtual sports and iGaming solutions to the regulated gambling industry. The company has a market cap of 309.89M and a ROE of -51.07%. Inspired Entertainment Inc operates in the Gaming Technology industry and has been in business for over 20 years. The company’s products are available in over 35,000 retail locations and online.
Summary
LIGHT & WONDER recently reported their financial results for FY2023 Q3, ending September 30 2023. They have achieved total revenue of USD 731.0 million, representing a 12.8% year-on-year growth. Net income, however, dropped 77.1% to USD 75.0 million. For investors, this paints a mixed picture for the company’s performance.
The revenue increase suggests that their strategies are working, while the sharp decline in net income shows that there are still areas of improvement. Overall, investors should keep an eye on LIGHT & WONDER’s performance and financials in the coming quarters to determine if the company is meeting its goals.
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