Reading International Stock Fair Value Calculation – READING INTERNATIONAL Reports Slight Increase in Revenue of 0.9% for Q2 of FY2023
August 17, 2023
☀️Earnings Overview
READING INTERNATIONAL ($NASDAQ:RDI) announced their Q2 Fiscal Year 2023 earnings on June 30 2023, with total revenue of USD 65.1 million, a slight increase of 0.9% from the same quarter of the previous year. Net income was reported at USD -2.8 million, an improvement from -2.4 million in the same quarter of the previous year.
Analysis – Reading International Stock Fair Value Calculation
GoodWhale has conducted an analysis of READING INTERNATIONAL‘s financials and determined that the intrinsic value of its share is around $7.1. This valuation was determined using our proprietary Valuation Line model. Currently, READING INTERNATIONAL’s stock is trading at $2.5, indicating a 64.7% discount to its intrinsic value. This may make it a good investment opportunity for those looking to capitalize on the current undervaluation. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Reading International. More…
| Total Revenues | Net Income | Net Margin |
| 209.26 | -32.28 | -15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Reading International. More…
| Operations | Investing | Financing |
| -17.6 | -9.22 | -13.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Reading International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 552.24 | 504.68 | 2.13 |
Key Ratios Snapshot
Some of the financial key ratios for Reading International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.9% | -23.4% | -8.1% |
| FCF Margin | ROE | ROA |
| -8.4% | -21.7% | -1.9% |
Peers
Reading International Inc is an American company that operates movie theaters and multiplex cinemas. The company operates in the United States, Australia, New Zealand, and Canada. The company was founded in 1924 and is headquartered in Los Angeles, California. The company’s theaters feature first-run films, live stage shows, and other entertainment forms. The company also operates concessions, merchandise, and food and beverage operations. The company’s competitors include FONU2 Inc, Firstlogic Inc, and Domain Holdings Australia Ltd.
– FONU2 Inc ($OTCPK:FONU)
Fonu2 Inc is a publicly traded company that provides digital media and marketing solutions. The company has a market capitalization of $86.77 million as of March 2022 and a return on equity of 43.81%. Fonu2 Inc operates in the digital media and marketing industry and offers a variety of solutions including web design, online advertising, and social media marketing.
– Firstlogic Inc ($TSE:6037)
Firstlogic, Inc. is a provider of enterprise software solutions. The company offers data quality, data management, and business process management solutions. It serves customers in the healthcare, banking, insurance, and retail industries.
– Domain Holdings Australia Ltd ($ASX:DHG)
Domain Holdings Australia Ltd is a digital media and services company. The Company operates a portfolio of digital assets, including the Domain real estate website, the commercial real estate website, the digital news website and the mobile app. The Company’s segments include Media and Services, which includes Domain, and Commercial, which includes Commercial Real Estate.
Summary
Reading International Inc. reported a slight increase in total revenue for Q2 of Fiscal Year 2023, amounting to USD 65.1 million. Net income reported was an improvement from the prior year, amounting to USD -2.8 million.
However, the stock price moved down the same day. Investors may be cautious when considering an investment in Reading International Inc. due to the uncertain market conditions that may have affected the stock’s performance. However, the company has shown an overall improvement in revenue and net income, which could be promising for future performance.
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