Porch Group Stock Fair Value Calculator – PORCH GROUP Reports 67.5% Year-Over-Year Revenue Increase of USD 129.6 Million for FY2023 Q3
November 21, 2023
☀️Earnings Overview
At the end of Financial Year 2023’s third quarter, PORCH GROUP ($NASDAQ:PRCH) declared total revenue of USD 129.6 million – a 67.5% rise from the previous year – and net income of USD -5.7 million on November 7 2023, in comparison to -84.5 million the year before.
Analysis – Porch Group Stock Fair Value Calculator
GoodWhale recently conducted an analysis of PORCH GROUP‘s wellbeing and found that the fair value of PORCH GROUP share is around $20.8. This value was calculated using GoodWhale’s proprietary Valuation Line. Despite this, the current price of PORCH GROUP stock is only $0.7, which means it is undervalued by an astonishing 96.6%. These results highlight the potential of investing in PORCH GROUP and suggest that now is a great time to do so. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Porch Group. More…
| Total Revenues | Net Income | Net Margin |
| 379.8 | -166.92 | -48.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Porch Group. More…
| Operations | Investing | Financing |
| 67.51 | -67.44 | 84.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Porch Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 967.38 | 1k | -0.38 |
Key Ratios Snapshot
Some of the financial key ratios for Porch Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 52.6% | – | -37.6% |
| FCF Margin | ROE | ROA |
| 15.0% | 241.6% | -9.2% |
Peers
Founded in 2011, Porch Group Inc has grown to become one of the largest and most popular home improvement companies in the United States. With a wide range of services and products, Porch Group Inc has something to offer for everyone.
However, Porch Group Inc is not the only home improvement company out there. In fact, there are many other companies that offer similar services and products. This is where the competition comes in. While Porch Group Inc may be the leading home improvement company, there are other companies that are close behind and are constantly vying for the top spot. These companies include SAP SE, Business Warrior Corp, and Lovarra. All of these companies offer similar services and products as Porch Group Inc, but each has its own unique selling points. It is this competition that drives Porch Group Inc to continue to innovate and offer the best products and services possible.
– SAP SE ($LTS:0NW4)
SAP SE, a German multinational software corporation, has a market cap of 104.28B as of 2022. The company focuses on enterprise application software, including analytics, cloud, and database & technology. Its Return on Equity (ROE) is 10.12%.
– Business Warrior Corp ($OTCPK:BZWR)
Warrior Corp is a market leader in providing innovative and effective marketing solutions for businesses of all sizes. The company has a strong focus on customer service and providing a high level of customer satisfaction. Warrior Corp’s market cap is 3.69M as of 2022 and its ROE is -25.43%. The company has a strong focus on providing innovative and effective marketing solutions for businesses of all sizes.
Summary
Investors should be encouraged by Porch Group‘s financial results for the third quarter of FY2023. Revenue rose by 67.5% year-over-year to a total of USD 129.6 million, and the company managed to reduce their net losses from -84.5 million to -5.7 million in the same period. This shows that the company’s efforts to improve operational efficiency and profitability are succeeding. Looking ahead, Porch Group appears to be well-positioned to capitalize on the current growth opportunities and deliver long-term returns to its shareholders.
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