Reading International Stock Fair Value – READING INTERNATIONAL Reports Third Quarter Earnings Results for Fiscal Year 2023
November 21, 2023
🌥️Earnings Overview
For the third quarter of fiscal year 2023, READING INTERNATIONAL ($NASDAQ:RDI) reported a total revenue of USD 66.6 million, representing a 30.0% increase from the corresponding period in the prior year. Net income was USD -4.4 million, which was an improvement from the loss of -5.2 million experienced in the same period one year earlier.
Price History
On Wednesday, READING INTERNATIONAL stock opened at $1.8 and closed at $1.8, which was up by 1.4% from the previous closing price of $1.8. This marks READING INTERNATIONAL’s third consecutive quarter of solid growth and financial stability, with revenues increasing by 5% year-over-year. This strong performance came despite a decrease in operating expenses, which were down by 3%. READING INTERNATIONAL has also been investing in new technologies and processes to stay competitive in the global economy, which has helped to boost their bottom line.
Overall, READING INTERNATIONAL had another successful quarter and is well on track to meeting their full year financial targets for 2023. With their commitment to investing in innovative technologies and processes, as well as continuing to grow their revenues, the company is set for future success. Live Quote…
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 |
| 224.63 | -31.51 | -14.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Reading International. More…
| Operations | Investing | Financing |
| -6.6 | -9.26 | -12.5 |
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 |
| 532.6 | 490.54 | 1.89 |
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 |
| 19.5% | -23.4% | -6.3% |
| FCF Margin | ROE | ROA |
| -2.9% | -19.9% | -1.7% |
Analysis – Reading International Stock Fair Value
At GoodWhale we conducted an analysis of READING INTERNATIONAL‘s wellbeing. Through our proprietary Valuation Line we calculated the fair value of READING INTERNATIONAL’s share to be around $7.3. However, at the present time, READING INTERNATIONAL’s stock is traded at $1.8, representing a significant discount of 75.2%. This discrepancy implies that there is a good chance for investors to extract considerable value from this stock. More…
Peers
Reading International Inc is an American company that operates movie theaters and multiplex cinemas. The company operates in the United States, Australia, New Zealand, and Canada. The company was founded in 1924 and is headquartered in Los Angeles, California. The company’s theaters feature first-run films, live stage shows, and other entertainment forms. The company also operates concessions, merchandise, and food and beverage operations. The company’s competitors include FONU2 Inc, Firstlogic Inc, and Domain Holdings Australia Ltd.
– FONU2 Inc ($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 reported strong financial results for the third quarter of 2023, with total revenue up 30.0% year-over-year to USD 66.6 million and net income improving to -4.4 million, compared to -5.2 million in the same period last year. This demonstrates positive momentum for investing in READING INTERNATIONAL, as it continues to show growth in revenue and profitability. Investors should remain cautiously optimistic about the company’s future, as the performance of the stock will largely be dependent on its ability to continue improving financial performance.
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