Neogames S.a Intrinsic Value Calculation – NEOGAMES S.A. Reports Q3 Earnings for FY2023 – Results for Quarter Ending September 30 2023 Released
November 23, 2023
🌥️Earnings Overview
NEOGAMES S.A ($NASDAQ:NGMS) reported its financial results for the third quarter of FY2023, ending September 30 2023, on November 8 2023. Total revenue for the quarter amounted to USD 46.3 million, a decrease of 25.5% from the same period of the previous year. Net income for the period was USD -3.6 million, which is lower than the -4.4 million figure reported in the same quarter of the prior year.
Stock Price
NEOGAMES S.A reported their Q3 earnings for FY2023 on Wednesday, showing an increase of 0.6% from their prior closing price of 26.3. The stock opened at $26.2 and closed at $26.5, which is a small rise but a positive one nonetheless. Analysts attribute the rise to the company’s recent release of its Q3 earnings report, which showed strong overall growth year-over-year. The company also reported improved operational efficiency and cost-cutting measures, as well as increased efficiency in customer service initiatives.
Overall, the report showed that NEOGAMES S.A continues to experience healthy growth, despite the uncertain economic climate. Investors are hopeful that the company’s strategies will continue to drive success in the future quarters. NEOGAMES S.A’s strong earnings report has been widely praised by investors and analysts alike as a sign of long-term sustainability for the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Neogames S.a. More…
| Total Revenues | Net Income | Net Margin |
| 213 | -12.99 | -2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Neogames S.a. More…
| Operations | Investing | Financing |
| 38.35 | -225.94 | 162.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Neogames S.a. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 440.23 | 305.17 | 4.02 |
Key Ratios Snapshot
Some of the financial key ratios for Neogames S.a are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 69.0% | – | -0.7% |
| FCF Margin | ROE | ROA |
| 4.9% | -0.7% | -0.2% |
Analysis – Neogames S.a Intrinsic Value Calculation
GoodWhale has conducted an analysis of NEOGAMES S.A‘s wellbeing and present our findings. According to our proprietary Valuation Line, the fair value of NEOGAMES S.A share is around $62.3. However, the stock is currently trading at $26.5, which is 57.5% undervalued. This suggests that there is potential for strong returns, since the company appears to be undervalued in the current market. It is therefore a good time to consider investing in NEOGAMES S.A. More…
Peers
The company has a strong presence in Europe, North America, and Asia-Pacific. NeoGames SA’s main competitors are Frontier Developments PLC, SocialPlay USA Inc, and Feiyu Technology International Co Ltd.
– Frontier Developments PLC ($LSE:FDEV)
Frontier Developments PLC is a British video game developer founded in 1994 by David Braben. The company is based in Cambridge, England. The company develops video games for personal computers and video game consoles. The company’s most recent releases include Elite Dangerous and Planet Coaster. Frontier Developments PLC has a market capitalization of 527.48 million as of 2022 and a return on equity of 0.83%. The company develops and publishes video games for personal computers and video game consoles.
– SocialPlay USA Inc ($OTCPK:SPLY)
SocialPlay USA Inc is a social media platform that allows users to connect with each other and share content. The company has a market cap of 118.7k and a ROE of 84.25%. SocialPlay USA Inc offers a variety of features that allow users to connect with each other and share content. The company also provides users with the ability to create and share content, as well as the ability to connect with other users.
– Feiyu Technology International Co Ltd ($SEHK:01022)
Feiyu Technology International Co Ltd is a Chinese company that manufactures drones and other drones accessories. The company has a market cap of 395.33M as of 2022 and a Return on Equity of -8.97%. The company’s products are used by both consumers and businesses.
Summary
NEOGAMES S.A. reported their earnings results for FY2023 Q3 on November 8 2023, with total revenue of USD 46.3 million, an annual decrease of 25.5%. Net income was USD -3.6 million, lower than the prior year’s quarter. From an investor’s perspective, these results indicate a decrease in profitability and a potential cause for concern.
As such, investors should investigate further to understand the underlying causes of the decline. They should also consider the company’s overall financial health, recent strategic decisions, and competitive environment to evaluate their investment decision.
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