Mediaalpha Intrinsic Stock Value – MEDIAALPHA Announces Second Quarter Earnings for FY2023
August 7, 2023
🌥️Earnings Overview
MEDIAALPHA ($NYSE:MAX) reported their earnings for the second quarter of FY2023, which concluded on June 30 2023. Total revenue amounted to USD 84.8 million, which was a 18.1% decrease compared to the same period in the prior year. Net income was recorded at USD -14.3 million, a deterioration from the prior year’s -9.1 million.
Stock Price
As a result of the announcement, MEDIAALPHA‘s stock opened at $9.5 and closed at $8.9, a drop of 8.2% from the prior closing price of 9.7. This marks a substantial decrease from the opening price and the prior closing price. The results of the second quarter earnings report had a significant impact on the stock of MEDIAALPHA, resulting in a drop in the share value. Analysts are uncertain as to what caused the decrease in the stock price, but are keenly watching to see if there will be any further impact on MEDIAALPHA’s stock. The company’s second quarter earnings report is especially concerning to investors, as it may reveal potential problems that could have a long-term impact on the stock value.
MEDIAALPHA has experienced a roller coaster ride this year as investors have been optimistic about its prospects in the digital advertising space. As such, investors will be watching closely to see how this quarter’s earnings report affects their outlook for the company. Overall, it is yet to be seen if MEDIAALPHA’s second quarter earnings report will have any lasting effects on the company’s stock. As the digital advertising industry continues to evolve, investors will be keeping a close eye on MEDIAALPHA to see how they respond to these changes in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mediaalpha. MEDIAALPHA_Announces_Second_Quarter_Earnings_for_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 409.43 | -66 | -16.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mediaalpha. MEDIAALPHA_Announces_Second_Quarter_Earnings_for_FY2023″>More…
| Operations | Investing | Financing |
| 24.72 | -0.07 | -39.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mediaalpha. MEDIAALPHA_Announces_Second_Quarter_Earnings_for_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 140.2 | 234.59 | -0.35 |
Key Ratios Snapshot
Some of the financial key ratios for Mediaalpha are shown below. MEDIAALPHA_Announces_Second_Quarter_Earnings_for_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.1% | -51.9% | 7.5% |
| FCF Margin | ROE | ROA |
| 6.0% | -129.7% | 13.6% |
Analysis – Mediaalpha Intrinsic Stock Value
GoodWhale has conducted an in-depth analysis of MEDIAALPHA‘s fundamentals, arriving at an intrinsic value of $12.3 for its shares. This value was calculated using our proprietary Valuation Line, which combines several metrics into a single figure. It is clear that the current market price of MEDIAALPHA stock at $8.9 is undervalued by 27.7%. This presents a great opportunity for investors who are confident in the company’s fundamentals to buy into the stock and be rewarded with a potential upside. More…
Peers
The company operates in the US, Canada, and the UK. The company was founded in 2006 and is headquartered in San Francisco, California. MediaAlpha Inc’s competitors include EverQuote Inc, iSelect Ltd, and PB Fintech Ltd.
– EverQuote Inc ($NASDAQ:EVER)
EverQuote is an online marketplace for insurance shopping and comparison. The company operates a website and mobile app that connects consumers with insurance providers. EverQuote also offers a number of tools and resources to help consumers make informed decisions about their insurance coverage.
As of 2022, EverQuote had a market capitalization of $251.11 million and a return on equity of -17.71%. The company’s negative return on equity indicates that it is not generating sufficient profits to cover its costs of capital. EverQuote’s primary source of revenue is commissions from insurance providers, which means that its business is largely dependent on the insurance industry.
– iSelect Ltd ($ASX:ISU)
A market cap of 66.02M as of 2022 and a ROE of -9.14%
A brief intro of the company:
Ionis Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the discovery and development of ribonucleic acid-targeted drugs. It operates through the following segments: Commercial, Research and Development, and Corporate and Other. The Commercial segment refers to the sale of approved products. The Research and Development segment focuses on the discovery and development of drugs. The Corporate and Other segment covers the expenses not attributed to the commercial or research and development segments. The company was founded by Stanley T. Crooke in 1989 and is headquartered in Carlsbad, CA.
– PB Fintech Ltd ($BSE:543390)
PB Fintech Ltd is a financial technology company that operates in the global market. The company offers a range of services, including online banking, mobile banking, and payments. The company has a market cap of 169.39B as of 2022 and a Return on Equity of -10.53%.
Summary
MEDIAALPHA reported second quarter FY2023 earnings results which were not favorable compared to prior year results. This news caused the stock price to move down the same day. Investors should be wary of investing in MEDIAALPHA as the company is performing poorly and there is no indication of an imminent turnaround. Analysts should monitor the company closely and consider avoiding the stock until there is more positive news.
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