Outbrain Inc Intrinsic Stock Value – OUTBRAIN INC Reports Q2 FY2023 Earnings with 10.0% Decrease in Revenue from Previous Year
August 18, 2023
🌥️Earnings Overview
On August 8 2023, OUTBRAIN INC ($NASDAQ:OB) reported their second quarter FY2023 earnings results. Total revenue was USD 225.8 million, a 10.0% drop from the same period in the previous year. In addition, net income for the quarter amounted to USD 11.3 million, compared to a -10.3 million loss in the same period of the prior year.
Analysis – Outbrain Inc Intrinsic Stock Value
GoodWhale conducted an analysis of OUTBRAIN INC‘s wellbeing and concluded that the fair value of its share is around $8.5. This is calculated using GoodWhale’s proprietary Valuation Line. Currently, OUTBRAIN INC stock is traded at $5.5, making it undervalued by 35.4%. This implies that it is a good time for investors to purchase OUTBRAIN INC shares as there may be potential for capital appreciation. Additionally, the low stock price relative to its fair value could indicate that the company is a good business with strong future prospects. Therefore, investors should do their own research to determine if the share is worth investing in. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Outbrain Inc. More…
| Total Revenues | Net Income | Net Margin |
| 944.56 | -6.7 | -0.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Outbrain Inc. More…
| Operations | Investing | Financing |
| -13.71 | -187.19 | -129.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Outbrain Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 633.61 | 413.39 | 4.31 |
Key Ratios Snapshot
Some of the financial key ratios for Outbrain Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.0% | – | 0.3% |
| FCF Margin | ROE | ROA |
| -3.6% | 0.8% | 0.3% |
Peers
Headquartered in New York City, the company was founded in 2006 by Yaron Galai and Ori Lahav. Outbrain operates in 55 countries and is a publicly traded company listed on the Nasdaq Stock Exchange. Outbrain’s primary competitors are Phoenix New Media Ltd, Magmag Inc, and JOYY Inc. all of which are based in China.
– Phoenix New Media Ltd ($NYSE:FENG)
Phoenix New Media Ltd is a leading new media company in China. The Company provides content on an integrated platform across Internet, mobile and TV devices. It offers a selection of professional media and user-generated content, including news, sports, entertainment, lifestyle and other content, to consumers in China. The Company also operates an online advertising network.
– Magmag Inc ($TSE:4059)
Magmag Inc. is a publicly traded company with a market capitalization of 1.72 billion as of 2022. The company has a return on equity of 1.64%. Magmag is a leading provider of magnesium products and services. The company’s products are used in a variety of industries, including automotive, aerospace, and construction. Magmag’s products are sold to customers in more than 50 countries around the world.
– JOYY Inc ($NASDAQ:YY)
JOYY Inc. is a leading live streaming and social media platform in China. The company has a market cap of 1.99B as of 2022 and a Return on Equity of 1.9%. JOYY Inc. operates two popular live streaming platforms in China, YY Live and Bigo Live. YY Live is one of the largest live streaming platforms in China with over 100 million monthly active users. Bigo Live is a leading live streaming platform for gamers and young people with over 50 million monthly active users.
Summary
OUTBRAIN INC recently reported their second quarter of FY2023 earnings with total revenue of USD 225.8 million, a 10.0% decrease from the same period in the previous year. Despite this dip in revenue, the company saw a net income of USD 11.3 million, compared to a loss of -10.3 million in the same period of the prior year. This news was met with a positive response from investors, as their stock price moved up on the same day.
This earnings report suggests that OUTBRAIN INC is recovering from the pandemic and may be a good investment for those interested in the tech sector. Investors should keep an eye out for further updates and any changes in their reported earnings in the future.
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