Onespan Inc Intrinsic Value Calculation – ONESPAN INC Reports 5.6% Increase in Revenue for Q2 2023
August 16, 2023
☀️Earnings Overview
On June 30th 2023, ONESPAN INC ($NASDAQ:OSPN) released their Q2 results for the 2023 fiscal year; their total revenue was USD 55.7 million, up 5.6% from the year before. Unfortunately, their net income for the quarter was USD -17.8 million, an increase from the -9.4 million reported in the same quarter the year before.
Analysis – Onespan Inc Intrinsic Value Calculation
GoodWhale has conducted an in-depth analysis of ONESPAN INC‘s fundamentals. Our proprietary Valuation Line indicates that the fair value for ONESPAN INC’s stock is around $14.7. This discrepancy between the fair value and the trading price provides investors with an opportunity to purchase ONESPAN INC’s stock at a discounted price. We believe that ONESPAN INC has the potential to generate solid returns for long-term investors if they purchase the stock at this discounted price. Therefore, we recommend that investors take advantage of this opportunity and invest in ONESPAN INC stock with a long-term view in mind. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Onespan Inc. More…
| Total Revenues | Net Income | Net Margin |
| 227.11 | -36.41 | -12.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Onespan Inc. More…
| Operations | Investing | Financing |
| -0.89 | 8.05 | -2.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Onespan Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 298.64 | 112.05 | 4.67 |
Key Ratios Snapshot
Some of the financial key ratios for Onespan Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.7% | 16.7% | -9.3% |
| FCF Margin | ROE | ROA |
| -5.0% | -6.8% | -4.4% |
Peers
Its competitors are NetScout Systems Inc, Clavister Holding AB, Check Point Software Technologies Ltd.
– NetScout Systems Inc ($NASDAQ:NTCT)
NetScout is a technology company that provides network performance management and cybersecurity solutions. The company has a market capitalization of $2.54 billion and a return on equity of 1.68%. NetScout’s solutions are used by enterprises and service providers to improve network performance and secure networks from cyber threats.
– Clavister Holding AB ($LTS:0G6X)
Clavister Holding AB is a Swedish company that provides network security solutions. The company has a market capitalization of 163.66 million as of 2022 and a return on equity of 64.03%. Clavister Holding AB offers a range of products and services that help organizations protect their networks from external threats. The company’s products and services include firewall, intrusion detection and prevention, and VPN solutions.
– Check Point Software Technologies Ltd ($NASDAQ:CHKP)
Check Point Software Technologies Ltd is a cybersecurity company that provides software and hardware products for IT security, including network security, endpoint security, cloud security, and data security. The company has a market cap of 14.61B as of 2022 and a Return on Equity of 17.81%. Check Point was founded in 1993 and is headquartered in Tel Aviv, Israel.
Summary
ONESPAN INC reported an increase in total revenue of 5.6% compared to the same quarter of the previous year. However, the company also reported a net income loss of -17.8 million, which was a significant increase from the -9.4 million reported in the same quarter of the previous year. Investors may view this as a worrying sign, as it indicates that the company is not able to generate profits despite the increase in revenue. Nonetheless, with proper management and strategic planning, ONESPAN INC may be able to turn their situation around and bring about a more positive outlook for the future.
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