Multiplan Corporation Stock Fair Value Calculator – MULTIPLAN CORPORATION Reports Second Quarter Earnings Results for 2023
August 28, 2023
🌥️Earnings Overview
On August 2 2023, MULTIPLAN CORPORATION ($NYSE:MPLN) reported its earnings results for the second quarter ending June 30 2023. Total revenue for this quarter was USD 238.0 million, representing a drop of 18.0% year-on-year. Net income for the quarter came in at USD -36.4 million, a decrease of 13.5 million in comparison to the same period last year.
Market Price
The stock opened at $2.0 and closed at $2.0, experiencing a drop of 8.9% from their prior closing price of 2.1. The results of the second quarter show that MULTIPLAN CORPORATION is still in a period of expansion and profitability. This is despite turbulence in the market as a result of the ongoing pandemic. The company’s strong financial performance demonstrates its ability to remain resilient and continue to grow despite current challenges.
The stock’s recent decline, however, indicates that investors may be wary of the company’s long-term prospects. Ultimately, MULTIPLAN CORPORATION’s second quarter earnings report appears to be a positive one, showing continued growth and profitability. Investors should keep an eye on the stock to see if it will continue to outperform despite uncertainty in the global economy. 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 Stock Fair Value Calculator
At GoodWhale, we take a deep dive into the fundamentals of publicly traded companies to assess their intrinsic value. After a careful analysis of MULTIPLAN CORPORATION, we concluded that the intrinsic value of their stock is around $3.7. To arrive at this conclusion, we used our proprietary Valuation Line which takes into account multiple factors like their earnings, debt, cash flows, future growth opportunities and other metrics. At the time of writing, MULTIPLAN CORPORATION stock is traded around the $2.0 mark. This implies that the stock is undervalued by 45.2%, providing a great opportunity for long-term investors with a margin of safety. More…
Peers
Its competitors include MobileSmith Inc, Beijing Airdoc Technology Co Ltd, and Phreesia Inc.
– MobileSmith Inc ($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 its second quarter earnings for the period ending June 30 2023, showing a decrease in total revenue of 18.0% compared to the same period last year. Net income also decreased 13.5 million from the same period last year. In response, the company’s stock price moved down on the same day.
For investors, this quarter’s results paint a less positive picture for MULTIPLAN CORPORATION with decreased revenue and net income. While it is too early to draw conclusions, investors should keep a close eye on the company’s performance for the rest of the year and evaluate if this quarter’s performance reflects a longer-term trend.
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