Offerpad Solutions Intrinsic Stock Value – Offerpad Solutions Reports Q2 Earnings Results For FY2023, Ending June 30 2023
August 7, 2023
☀️Earnings Overview
On August 2 2023, OFFERPAD SOLUTIONS ($NYSE:OPAD) announced their Q2 FY2023 earnings results for the period ending June 30 2023. Total revenue for the quarter was USD 230.2 million, which represented a 78.7% year-over-year decrease. Net income for the period was reported as USD -22.3 million, compared to the 11.6 million reported in the same period of the prior year.
Price History
OFFERPAD SOLUTIONS reported its financial results for the second quarter of Fiscal Year 2023, ending June 30 2023. On Wednesday, its stock opened at $11.8 and closed at $11.4, resulting in a 3.3% decrease from the previous closing price of $11.8. Overall, OFFERPAD SOLUTIONS reported strong results for the second quarter of Fiscal Year 2023, with total revenue and gross profit increasing year-over-year and net income more than doubling compared to the same period last year. These results demonstrate the effectiveness of the company’s strategies and its ability to continue to drive growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Offerpad Solutions. More…
| Total Revenues | Net Income | Net Margin |
| 2.34k | -282.95 | -12.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Offerpad Solutions. More…
| Operations | Investing | Financing |
| 789.38 | -2.31 | -864.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Offerpad Solutions. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 353.1 | 219.89 | 4.89 |
Key Ratios Snapshot
Some of the financial key ratios for Offerpad Solutions are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 54.3% | – | -10.5% |
| FCF Margin | ROE | ROA |
| 33.7% | -107.1% | -43.5% |
Analysis – Offerpad Solutions Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis of OFFERPAD SOLUTIONS‘ fundamentals. Utilizing our proprietary Valuation Line, we estimated the fair value of OFFERPAD SOLUTIONS’ share to be around $24.1. Unfortunately, this is significantly higher than the current stock price of $11.4, meaning that the stock is currently undervalued by a whopping 52.7%. We believe that this presents an attractive opportunity for long-term investors. More…
Peers
It offers a suite of services that helps real estate professionals manage their businesses more effectively and efficiently. Offerpad Solutions Inc has a strong focus on customer satisfaction and offers a wide range of services that are tailored to meet the specific needs of each client. The company has a team of highly skilled and experienced professionals who are dedicated to providing the best possible service to its clients. Offerpad Solutions Inc is a leading provider of end-to-end solutions for the real estate industry and has a strong focus on customer satisfaction.
– Opendoor Technologies Inc ($NASDAQ:OPEN)
Opendoor Technologies Inc. is a real estate company that operates an online marketplace for buying and selling homes. The company has a market cap of $1.69 billion and a return on equity of 0.03%. Opendoor was founded in 2014 and is headquartered in San Francisco, California.
– Leju Holdings Ltd ($NYSE:LEJU)
Leju Holdings Ltd is a real estate services company that operates in the secondary market of the Chinese property sector. The company provides online and offline services to connect property buyers and sellers, and offer other value-added services. Leju Holdings Ltd has a market cap of 22.23M as of 2022, a Return on Equity of -51.69%. The company has been facing difficulties in recent years, with its share price dropping significantly. However, it remains a major player in the Chinese property market, and its online platform is one of the most popular in the country.
– KE Holdings Inc ($SEHK:02423)
Aetna is an American health insurance company that offers a range of insurance products and services, including medical, pharmacy, dental, behavioral health, and group life and disability insurance plans. Aetna has a market cap of $101.47 billion as of 2022 and a return on equity of -3.14%. The company serves more than 37 million customers and is headquartered in Hartford, Connecticut.
Summary
Offerpad Solutions recently reported their fiscal year 2023 second quarter earnings, with total revenue for the quarter amounting to USD 230.2 million, a 78.7% decrease year-over-year. Net income for the reported period was USD -22.3 million, compared to 11.6 million reported in the same period of the prior year. As a result of this news, the stock price of the company fell on the same day. Investors should evaluate Offerpad Solutions’ financial health, market position, and future prospects before investing in the company.
Additionally, they should consider any potential risks associated with the company, such as competitive pressures and macroeconomic conditions.
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