Meta Materials Intrinsic Stock Value – META MATERIALS Reports Second Quarter Earnings Results for FY2023
August 18, 2023
🌥️Earnings Overview
META MATERIALS ($NASDAQ:MMAT) announced their fiscal year 2023 second-quarter earnings results, ending June 30th 2023. Total revenue for the period decreased 38.9% year-over-year to USD 2.0 million, and net income plummeted to -293.6 million, significantly lower than the prior year’s loss of -21.0 million.
Stock Price
On Wednesday, META MATERIALS reported its second quarter earnings results for fiscal year 2023. The company’s stock opened at $0.3 and closed at $0.2, a drop of 8.6% from its last closing price of $0.3. While the quarter’s results were weaker than expected, the company is optimistic about future prospects. The company attributed the lower-than-expected numbers to rising costs associated with raw materials and production. Despite the weak quarter, META MATERIALS remains confident in its future prospects.
The company has launched several new products this quarter and has seen a positive response from customers. It is also investing in research and development to create new products and technologies for the future. Overall, while META MATERIALS’ second quarter earnings results were weaker than expected, the company remains confident in its future prospects. It is investing in new products and technologies to help ensure continued success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Meta Materials. More…
| Total Revenues | Net Income | Net Margin |
| 7.34 | -352.01 | -1058.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Meta Materials. More…
| Operations | Investing | Financing |
| -59.13 | -13.91 | 33.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Meta Materials. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 128.86 | 28.61 | 0.21 |
Key Ratios Snapshot
Some of the financial key ratios for Meta Materials are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 124.4% | – | -4880.3% |
| FCF Margin | ROE | ROA |
| -1038.0% | -94.7% | -173.8% |
Analysis – Meta Materials Intrinsic Stock Value
GoodWhale has conducted a detailed analysis of META MATERIALS‘ wellbeing, and our proprietary Valuation Line has calculated the intrinsic value of META MATERIALS shares to be around $2.4. Despite this, META MATERIALS shares are currently being traded for $0.2, representing a 91.8% undervaluation of the company’s true worth. This represents an incredible opportunity for those looking to invest in META MATERIALS in order to benefit from a potential future upswing in stock prices. More…
Peers
Its competitors include Rogers Corp, Shenmao Technology Inc, Flex Ltd.
– Rogers Corp ($NYSE:ROG)
Rogers Corp is a materials science company that focuses on developing and manufacturing materials for use in advanced electronics applications. The company has a market cap of 1.97B as of 2022 and a Return on Equity of 5.3%. Rogers Corp’s materials are used in a variety of applications, including smartphones, tablets, laptops, and other electronic devices. The company’s products are also used in the automotive, aerospace, and defense industries.
– Shenmao Technology Inc ($TWSE:3305)
Shenmao Technology Inc is a global leader in the design, manufacture, and sale of advanced packaging solutions for the semiconductor and electronics industries. The company has a market capitalization of $5.23 billion and a return on equity of 15.74%. Shenmao’s products are used in a wide range of applications, including smartphones, computers, servers, and storage devices. The company’s products are manufactured at its facilities in China, Taiwan, and the United States.
– Flex Ltd ($NASDAQ:FLEX)
Flex Ltd is a leading manufacturer of electronic components and assemblies for original equipment manufacturers and contract manufacturers. The company has a market cap of 8.88B as of 2022 and a return on equity of 19.66%. Flex Ltd operates in more than 30 countries and offers a broad range of services, including design, engineering, manufacturing, and supply chain management. The company’s products are used in a variety of industries, including automotive, consumer electronics, healthcare, and industrial.
Summary
META MATERIALS recently reported their earnings results for the second quarter of FY2023, with total revenue decreasing 38.9% compared to the prior year and net income declining significantly from -21.0 million to -293.6 million. This negatively impacted their stock price, causing it to move down the same day. Investors should be cautious when considering META MATERIALS as a potential investment, as the company’s financial performance has been poor. A thorough analysis of their financials and macroeconomic conditions is recommended to accurately assess the risk and opportunity associated with this stock.
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