Rumble Inc Intrinsic Value Calculator – RUMBLE INC Reports Record Earnings for FY2023 Q2
August 28, 2023
🌥️Earnings Overview
RUMBLE INC ($NASDAQ:RUM) reported their financial results for Q2 of FY2023 (ending June 30 2023) on August 14 2023. Total revenue for the quarter was USD 25.0 million, representing a remarkable growth of 4.4 million from the same period the previous year. Net income stood at USD -29.4 million, a larger deficit than that of the previous year’s figure of -4.7 million.
Stock Price
The company opened at $8.2 and closed at the same price, up from its previous close of 8.2. This news was met with enthusiasm by investors, as the company reported a significant increase in profits compared to the previous quarter. Analysts were quick to comment on the positive news. They praised the company’s strong performance and attributed it to their aggressive cost-saving measures and effective marketing campaigns.
They also noted that the firm had made significant gains in market share and had managed to remain competitive despite the challenging economic climate. Overall, this was a tremendous result for RUMBLE INC and investors are certainly optimistic about the company’s prospects moving forward. With a solid financial position and a talented management team, many believe that this positive momentum will continue well into the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rumble Inc. More…
| Total Revenues | Net Income | Net Margin |
| 73.53 | -60.93 | -102.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rumble Inc. More…
| Operations | Investing | Financing |
| -57.56 | -13.16 | 332.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rumble Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 359.99 | 58.27 | 1.08 |
Key Ratios Snapshot
Some of the financial key ratios for Rumble Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 127.1% | – | -82.5% |
| FCF Margin | ROE | ROA |
| -96.0% | -12.3% | -10.5% |
Analysis – Rumble Inc Intrinsic Value Calculator
At GoodWhale, we conducted an analysis of RUMBLE INC‘s wellbeing to determine its intrinsic value. After a thorough analysis, we calculated the intrinsic value of RUMBLE INC’s share to be around $45.2 using our proprietary Valuation Line. Currently, RUMBLE INC’s stock is being traded at $8.2 per share – a whopping 81.9% lower than its intrinsic value. This serves as a clear indication that RUMBLE INC’s stock is currently undervalued. More…
Peers
The competition between Rumble Inc and its competitors Zoom Video Communications Inc, ViewBix Inc, and Blackbird PLC has been increasing in recent years as the demand for streaming video services continues to grow. Each company has unique features and offerings that they are leveraging to gain market share, leading to a highly competitive landscape that is constantly evolving.
– Zoom Video Communications Inc ($NASDAQ:ZM)
Zoom Video Communications Inc is a cloud-based video-first communications platform for businesses that enables face-to-face video, voice, and content sharing across devices, with a market capitalization of 19.33 billion dollars as of 2023. Its Return on Equity (ROE) of 2.56% reflects the company’s strong financial performance. Zoom provides secure and reliable video communications solutions, like video conferencing, webinars, and chat, to enable customers to connect, engage, and collaborate. The platform has been essential in helping businesses navigate the challenges posed by the pandemic and provides a comprehensive suite of tools for all types of communication needs.
– ViewBix Inc ($OTCPK:VBIX)
ViewBix Inc is a technology company that specializes in providing interactive video experiences for businesses. With a market cap of 9.61M as of 2023, ViewBix Inc is well positioned to continue to grow and expand its services. The company’s Return on Equity (ROE) of 6.03% also indicates that investors have confidence in the company’s leadership and ability to generate returns on their investments. This combined with its innovative services has enabled ViewBix Inc to become a leader in its field.
– Blackbird PLC ($LSE:BIRD)
Blackbird PLC is a UK-based technology company that specializes in digital media solutions and services. The company has a market capitalization of 29.41M as of 2023, representing the total market value of all of its outstanding shares. Additionally, Blackbird PLC has a Return on Equity (ROE) of -11.38%, indicating a negative profitability in relation to the invested capital of its shareholders. The company’s market cap and ROE suggest that it has not been able to successfully capitalize on its operations and investments, which is evident in its latest financial performance.
Summary
RUMBLE INC reported impressive growth in their Q2 2023 earnings, achieving total revenue of USD 25.0 million, a significant increase of 4.4 million from the same period last year. Unfortunately, this was not enough to offset the net income loss of USD -29.4 million, compared to the -4.7 million from last year. Investors should consider the overall trend in RUMBLE INC’s financial performance and weigh the potential risks and rewards of investing in the company. While quarterly earnings are promising, it is important to remember that volatility is inevitable in the stock market and that past performance is not necessarily indicative of future results.
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