Multiplan Corporation Intrinsic Value Calculation – MULTIPLAN CORPORATION Reports Second Quarter Fiscal Year 2023 Earnings Results
August 8, 2023
🌥️Earnings Overview
The MULTIPLAN CORPORATION ($NYSE:MPLN) reported its earnings from the second quarter of the fiscal year 2023, which ended on June 30 2023, on August 2 2023. The company’s total revenue for the quarter amounted to USD 238.0 million, representing a decrease of 18.0% compared to the same quarter of the previous year. Net income was reported as USD -36.4 million, in contrast to 13.5 million in the same period a year ago.
Stock Price
The company’s stock opened at $2.0 and closed at $2.0, a drop of 8.9% from its last closing price of $2.1. This decrease in stock prices highlights the challenging economic conditions faced by the Corporation. MULTIPLAN CORPORATION‘s financials for the quarter showed a decrease in revenues and profits compared to the same period last year. Despite this decline, the company remains focused on providing quality services and financial solutions to its customers. Furthermore, the Corporation remains committed to reducing costs and maximizing efficiency. The Management of MULTIPLAN CORPORATION believes that the current challenges are temporary in nature and are confident that the Corporation will be able to rebound in the near future.
They remain committed to delivering value to their shareholders and ensuring long-term growth in the future. Overall, MULTIPLAN CORPORATION is taking the necessary steps to ensure its short-term and long-term sustainability in these difficult times. Investors should keep an eye on the company’s progress as it continues to navigate through these uncertain times. 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 |
| 966.13 | -666.56 | -12.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Multiplan Corporation. More…
| Operations | Investing | Financing |
| 208.62 | -242.72 | -227.09 |
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 |
| 7.14k | 5.37k | 2.67 |
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% | -37.1% |
| FCF Margin | ROE | ROA |
| 11.1% | -12.6% | -3.1% |
Analysis – Multiplan Corporation Intrinsic Value Calculation
At GoodWhale, we performed an analysis of MULTIPLAN CORPORATION‘s wellbeing, during which we calculated their share’s fair value to be around $3.8. This calculation was based on our proprietary Valuation Line, which evaluates a company’s financial and operational performance. Currently, MULTIPLAN CORPORATION stock is being traded at $2.0 – meaning that it is currently undervalued by 46.7%. This presents an interesting investment opportunity for those who are familiar with the company’s performance and have faith in their future potential. More…
Peers
Its competitors include MobileSmith Inc, Beijing Airdoc Technology Co Ltd, and Phreesia Inc.
– MobileSmith Inc ($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’s earnings results for the second quarter of fiscal year 2023, ending June 30 2023, were released on August 2 2023. Total revenue for the quarter fell 18.0%, to USD 238.0 million, and net income decreased to USD -36.4 million from USD 13.5 million the year prior. The stock price reacted negatively to the news, dropping on the same day of the earnings announcement.
For investors interested in MULTIPLAN CORPORATION’s performance, this quarter’s results were not positive, indicating weak profitability and a decline in revenue. Despite this, investors may still be interested in the long-term potential of the company and may want to monitor future earnings reports and stock price movements for any signs of improvement.
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