LNW Stock Intrinsic Value – LIGHT & WONDER Announces Record 2nd Quarter Earnings for FY2023 on August 8th
August 14, 2023
🌥️Earnings Overview
On August 8 2023, LIGHT & WONDER ($NASDAQ:LNW) released their earnings report for Q2 of FY2023, ending June 30 2023. This quarter saw a total revenue of USD 0.7 billion – a 19.7% increase compared to the same period in FY2022 – and a net income of USD -0.0 billion, which was a decrease from the USD 3.29 billion of the previous year.
Price History
On Tuesday this week, LIGHT & WONDER, a leading company in the business of providing cutting-edge technology solutions, announced record second-quarter earnings for FY2023. This announcement was made on August 8th. The stock of LIGHT & WONDER opened at $71.0 and closed at $71.2, down by 0.9% from the previous closing price of 71.8. The market seemed to have reacted cautiously to the news of the record second-quarter earnings, as investors might be expecting further growth in the coming quarters. The results however take into account a stronger than expected performance in the past quarter where the company had managed to exceed its own targets for revenue and profits. This reflects the company’s ability to innovate and quickly adapt to changing market conditions.
The company had previously implemented cost-cutting measures to streamline operations and ensure long-term success. The market is expecting the company to continue to deliver similar performance going forward. Investors will be keeping a close eye on the company’s progress in the coming quarters to gauge whether the current momentum can be sustained into the future. The stock of LIGHT & WONDER has been on an upward trend since the beginning of the year and is expected to remain so in the coming months. 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 |
| 2.73k | 379 | 5.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LNW. More…
| Operations | Investing | Financing |
| -219 | 539 | -379 |
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 |
| 5.96k | 4.73k | 11.5 |
Key Ratios Snapshot
Some of the financial key ratios for LNW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.9% | 18.3% | 14.3% |
| FCF Margin | ROE | ROA |
| -16.4% | 23.7% | 4.1% |
Analysis – LNW Stock Intrinsic Value
At GoodWhale, we have analyzed the financials of LIGHT & WONDER. Our proprietary Valuation Line, calculated the intrinsic value of LIGHT & WONDER share to around $61.4. However, the current market price is $71.2, implying that the stock is overvalued by 16.0%. Investors need to be cautious and do their own due diligence before investing in the stock. More…
Peers
They offer a wide range of products and services that are designed to meet the needs of the gaming industry. Their products are used by some of the world’s largest gaming operators. PlayAGS Inc, NanoTech Gaming Inc, and Inspired Entertainment Inc are all major competitors of Light & Wonder Inc.
– PlayAGS Inc ($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 reported strong revenue growth in its Q2 FY2023 earnings results, with a 19.7% year-over-year increase to USD 0.7 billion. However, the company also reported a net income loss of USD -0.0 billion, compared to a net income of USD 3.29 billion the previous year. Investors should look closely at the underlying factors behind the results to determine if the second quarter performance is an anomaly or part of a larger trend. In any case, LIGHT & WONDER remains a company worthy of investor attention given its impressive revenue growth and potential.
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