Porch Group Stock Fair Value – PORCH GROUP Reports 39.6% Increase in Revenue for Second Quarter of 2023
August 11, 2023
☀️Earnings Overview
On June 30th 2023, PORCH GROUP ($NASDAQ:PRCH) released their financial results for the second quarter of fiscal year 2023, showing total revenue had grown by 39.6% to USD 98.8 million from the same quarter in the previous year. Unfortunately, the net income for the quarter was USD -87.0 million, a decline from the -26.4 million reported in the same quarter of the prior year.
Analysis – Porch Group Stock Fair Value
GoodWhale has conducted an analysis of PORCH GROUP‘s wellbeing and come to the conclusion that their fair value is around $19.8. This number was calculated using our proprietary Valuation Line. This means that currently, PORCH GROUP stock is being traded at $1.2, which is significantly undervalued at 93.9%. This presents an opportunity for investors to buy in at an attractive price, with the potential to benefit from a strong return in the future. Investing in PORCH GROUP at this stage could be a lucrative option for those with a high-risk appetite. 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 |
| 328.75 | -250.09 | -69.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Porch Group. More…
| Operations | Investing | Financing |
| -24.21 | -49.22 | 96.2 |
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 |
| 1.05k | 1.08k | -0.37 |
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% | – | -71.2% |
| FCF Margin | ROE | ROA |
| -10.7% | -3428.7% | -14.0% |
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 in PORCH GROUP may be disappointed by the company’s second quarter financial results for 2023. Total revenue increased by 39.6% year-over-year but net income decreased, reaching a loss of USD 87.0 million compared to a loss of USD 26.4 million in the same period last year. This news saw the stock price move down, prompting investors to consider if PORCH GROUP is still a worthwhile investment. With a deteriorating financial performance and stock price, investors should conduct further research into the company to determine if PORCH GROUP is a good investment opportunity.
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