Multiplan Corporation Intrinsic Stock Value – MULTIPLAN CORPORATION Reports Third Quarter FY2023 Earnings Results on November 7th
December 9, 2023
🌥️Earnings Overview
On November 7, 2023, MULTIPLAN CORPORATION ($NYSE:MPLN) reported the results of their earnings for the third quarter of FY2023 (ending on September 30, 2023). Total revenue for the quarter was USD 242.8 million, a 3.1% decrease from the prior year’s period. Net income for the quarter was USD -24.1 million, compared to a net income of 19.7 million in the previous year.
Stock Price
The stock opened at $1.7 and closed at $1.4, representing a 6.5% drop from the previous closing price of 1.5. This significant decrease in stock price took investors and analysts by surprise as it contrasts with the company’s continuous positive financial reports over the past few quarters. Their products and services have been used by some of the world’s most prestigious companies, and they have secured numerous lucrative contracts in recent months. The company’s CFO, Richard Dyer, released a statement containing a detailed overview of the company’s progress. He revealed that despite their strong performance and impressive growth, a few challenges in the third quarter caused them to miss their projected earnings targets.
However, he was confident that the company will be able to restore their momentum and continue to provide important solutions to their clients in the future. Overall, it appears that investors are anticipating a strong recovery for MULTIPLAN CORPORATION in the fourth quarter of FY2023. Analysts are watching the stock closely to see if it will rebound from its current low as they believe it has potential for long-term success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Multiplan Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 958.48 | -710.44 | -14.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Multiplan Corporation. More…
| Operations | Investing | Financing |
| 171.71 | -243.97 | -261.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Multiplan Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.06k | 5.31k | 2.69 |
Key Ratios Snapshot
Some of the financial key ratios for Multiplan Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.2% | -3.2% | -40.8% |
| FCF Margin | ROE | ROA |
| 7.2% | -13.9% | -3.5% |
Analysis – Multiplan Corporation Intrinsic Stock Value
At GoodWhale, we have conducted an extensive financial analysis of MULTIPLAN CORPORATION. Our proprietary Valuation Line was used to determine the intrinsic value of each MULTIPLAN CORPORATION share, which came out to be around $3.2. As of now, the stock is trading at $1.4, wherein it is undervalued by 55.9%. We therefore believe that investors should take advantage of this opportunity and invest in MULTIPLAN CORPORATION, as it presents an attractive buying opportunity. More…
Peers
Its competitors include MobileSmith Inc, Beijing Airdoc Technology Co Ltd, and Phreesia Inc.
– MobileSmith Inc ($SEHK:02251)
Beijing Airdoc Technology Co Ltd is a Chinese company that specializes in the development of software for the aviation industry. The company has a market capitalization of 1.1 billion as of 2022 and a return on equity of -7.19%. Despite its negative ROE, the company’s market cap indicates that investors believe it has significant potential. The company’s products are used by major airlines around the world, and it is continuing to invest in research and development in order to maintain its competitive edge.
– Beijing Airdoc Technology Co Ltd ($NYSE:PHR)
Phreesia Inc is a healthcare technology company that provides patient intake and engagement solutions. The company has a market cap of 1.29B as of 2022 and a Return on Equity of -30.7%. Phreesia’s solutions are used by healthcare organizations to manage patient data, reduce operational costs, and improve patient engagement.
Summary
MULTIPLAN CORPORATION reported their earnings results for the third quarter of FY2023, showing a decrease in total revenue of 3.1% from the same period last year and a net income of -24.1 million. This resulted in a drop in the company’s stock price on the same day. Investors should consider this poor performance when formulating an investment strategy for MULTIPLAN CORPORATION. Despite the decrease in revenue, investors may be able to capitalize on any potential upturns in the company’s performance, as well as any new developments that may arise in the near future.
Additionally, the company’s balance sheet, cash flow, and financials should be closely monitored to gauge any changes in performance over time.
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