Priority Technology Intrinsic Value – PRIORITY TECHNOLOGY Reports 9.5% Increase in Revenue for Q2 FY2023
August 13, 2023
☀️Earnings Overview
For the second quarter of FY2023, PRIORITY TECHNOLOGY ($NASDAQ:PRTH) reported total revenue of USD 182.3 million – a 9.5% growth compared to the same period in FY2022. However, their net income dropped to a deficit of USD 0.61 million, compared with the net income of 0.29 million in the prior year.
Analysis – Priority Technology Intrinsic Value
GoodWhale’s analysis of PRIORITY TECHNOLOGY‘s financials has revealed that its fair value of share is approximately $6.7, calculated by our proprietary Valuation Line. Currently, PRIORITY TECHNOLOGY’s stock is being traded at $4.0, which is 40.1% lower than its fair value. This shows that the stock is currently undervalued, presenting a great opportunity for investors to make a profit. Such an opportunity should not be overlooked, as the stock may rise to its fair value in the near future. Thus, it is essential to analyze the stock properly before investing and take advantage of the undervalued situation. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Priority Technology. More…
| Total Revenues | Net Income | Net Margin |
| 711.29 | -46.21 | -0.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Priority Technology. More…
| Operations | Investing | Financing |
| 87.04 | -36.85 | 152.08 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Priority Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.53k | 1.42k | 1.51 |
Key Ratios Snapshot
Some of the financial key ratios for Priority Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.1% | 81.7% | 9.8% |
| FCF Margin | ROE | ROA |
| 9.0% | 36.7% | 2.8% |
Peers
Priority Technology Holdings Inc provides technology solutions for the financial services industry. Its competitors include Jack Henry & Associates Inc, Fiserv Inc, KinerjaPay Corp.
– Jack Henry & Associates Inc ($NASDAQ:JKHY)
Jack Henry & Associates, Inc. is a leading provider of technology solutions and payment processing services primarily for the financial services industry. The company has a market cap of $13.64 billion and a return on equity of 21.89%.
Jack Henry & Associates provides a wide range of technology solutions for banks, credit unions, and other financial institutions. The company’s products and services include core processing, digital banking, payments processing, and more.
With over 35 years of experience, Jack Henry & Associates is a trusted partner for financial institutions of all sizes. The company’s commitment to customer service and innovative technology solutions has helped it grow into a leading provider of technology solutions for the financial services industry.
– Fiserv Inc ($NASDAQ:FISV)
Fiserv is a leading provider of technology solutions for the financial services industry. The company’s market cap is $61.55 billion and its ROE is 7.68%. Fiserv provides a broad range of services, including electronic payments, account processing, information management and banking solutions. The company’s products and services are used by banks, credit unions, retailers, governments and other businesses worldwide.
Summary
Investors analyzing PRIORITY TECHNOLOGY should consider its second quarter of FY2023 financial results. Total revenue was reported at USD 182.3 million, representing a 9.5% increase from the same period last year.
However, the net income for the quarter was USD -0.61 million, a significant decrease from the net income reported in the prior year. This indicates that expenses have increased and profits have decreased. Investors should investigate further to determine why this occurred and assess the company’s future prospects before investing.
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