RILY Intrinsic Value Calculation – B. RILEY FINANCIAL Reports Second Quarter Earnings for Fiscal Year 2023
August 14, 2023
🌥️Earnings Overview
On August 9 2023, B. RILEY FINANCIAL ($NASDAQ:RILY) released its earnings report for the second quarter of fiscal year 2023 (ending June 30 2023). The firm reported total revenue of USD 406.3 million, representing an impressive 863.2% increase from the same quarter in the previous year (USD 42.7 million). Net income also rose by 133.1%, amounting to USD 46.4 million.
Market Price
At the start of the trading day the stock opened at $55.1 and closed at $53.1, a 3.7% decrease from its previous closing price of $55.1. B. RILEY FINANCIAL’s Management credited the strong growth to its strategic investments and expansion into new markets. They also noted that their innovative technology and customer service offerings had been well received by customers. In a statement released by B. RILEY FINANCIAL’s CEO, he said “We are pleased with the performance of our company in the second quarter and are confident that our focus on driving growth and profitability will continue to pay dividends in the coming quarters and years.” Overall, B. RILEY FINANCIAL had a strong second quarter and investors should continue to keep an eye on the company as it looks to build on its financial success going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RILY. More…
| Total Revenues | Net Income | Net Margin |
| 1.53k | 45.9 | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RILY. More…
| Operations | Investing | Financing |
| 133.66 | 183.5 | -428.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RILY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.25k | 5.79k | 14.13 |
Key Ratios Snapshot
Some of the financial key ratios for RILY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.8% | 30.1% | 16.0% |
| FCF Margin | ROE | ROA |
| 8.2% | 39.1% | 2.5% |
Analysis – RILY Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of B.RILEY FINANCIAL’s wellbeing. Our proprietary Valuation Line has calculated the intrinsic value of a B.RILEY FINANCIAL share to be around $52.6. As of now, it is being traded at a fair price of $53.1, which does reflect the actual worth of the stock. This indicates that the stock is currently trading at a fair market value and a healthy level of profitability. More…
Peers
The company operates through the following segments: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investing. It offers its services to middle market public and private companies, institutional investors, and high net worth individuals. The company was founded on November 10, 2009 and is headquartered in Los Angeles, CA.
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Summary
B. Riley Financial made a strong showing in the second quarter of fiscal year 2023, with total revenue jumping 863.2% to USD 406.3 million and net income rising 133.1% to USD 46.4 million. Despite these impressive growth figures, the stock price moved down the same day. This could be due to investors expecting even higher results or possibly due to other factors such as macroeconomic conditions and general market sentiment. Investors should pay attention to future reports to gauge how the company continues to perform and if there is potential for further upside.
