Sciplay Corporation Intrinsic Value – SCIPLAY CORPORATION Reports First Quarter Earnings Results for FY2023
May 25, 2023
Earnings Overview
On May 9 2023, SCIPLAY CORPORATION ($NASDAQ:SCPL) released their earnings results for the first quarter of FY2023. Total revenue for the period ending March 31 2023 was USD 186.4 million, a year-on-year increase of 18.0%. Net income also increased 25.0% to USD 5.5 million, compared to the prior year quarter.
Stock Price
The stock opened at $17.0 and closed at the same price, recording a slight rise of 0.3% from its prior closing price of 17.0. This indicates that the company has remained consistent in its performance since the beginning of the financial year. The company reported that their net revenue for the quarter was up by 6% compared to the same period last year. SCIPLAY CORPORATION also reported that their cash flow has been increasing steadily since the beginning of the year, and they have been able to maintain a healthy balance sheet. The company’s management team also announced that they are planning to expand their product offerings in the coming months, with a focus on increasing customer satisfaction.
They are also aiming to increase their presence in international markets, with plans to launch new products and services in key markets. The company’s management team is confident that their strategies and initiatives will help them achieve their goals for the coming year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sciplay Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 699.4 | 23.5 | 4.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sciplay Corporation. More…
| Operations | Investing | Financing |
| 155.5 | -9.3 | -79.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sciplay Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 806.5 | 151.2 | 5.23 |
Key Ratios Snapshot
Some of the financial key ratios for Sciplay Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.5% | 10.0% | 22.6% |
| FCF Margin | ROE | ROA |
| 20.3% | 88.1% | 12.2% |
Analysis – Sciplay Corporation Intrinsic Value
At GoodWhale, we conducted an analysis of SCIPLAY CORPORATION‘s financials and determined that the fair value of SCIPLAY CORPORATION share is around $18.8. This was calculated using our proprietary Valuation Line. Currently, SCIPLAY CORPORATION stock is trading at $17.0. This represents a fair price that is undervalued by 9.5%. This presents an opportunity for investors to gain a return on their investment when the stock price eventually rises to the calculated fair value. More…
Peers
SciPlay Corp and its competitors, Game Hours Inc, 7Seas Entertainment Ltd, and Ourgame International Holdings Ltd, are all companies that develop and publish video games. All four companies have a presence in the casual gaming market.
– Game Hours Inc ($TPEX:6626)
Games Hours Inc is a gaming company with a market cap of 347.87M as of 2022. The company has a ROE of -3.97%. Games Hours Inc is a company that creates and publishes mobile games.
– 7Seas Entertainment Ltd ($BSE:540874)
Seas Entertainment Ltd is a publicly traded company with a market cap of 325.42M as of 2022. The company has a Return on Equity of -7.99%. Seas Entertainment Ltd is a company that focuses on providing a variety of entertainment services. These services include but are not limited to, live events, artist management, production, and promotion.
– Ourgame International Holdings Ltd ($SEHK:06899)
Ourgame International Holdings Ltd is a company that operates in the entertainment industry. It is based in China and was founded in 1987. The company’s main products are card games and game products. It also operates an online game platform and an online social community. The company has a market cap of 219.87M as of 2022 and a Return on Equity of -29.28%.
Summary
SCIPLAY CORPORATION reported strong first quarter earnings for FY2023, with total revenue up 18.0% year-over-year and net income growing 25.0%. Investors should be encouraged by the positive growth in the company’s financial performance, especially given the uncertain economic environment. Moving forward, investors should be keeping an eye on the company’s ability to continue its momentum and sustain its financial gains. Companies with a strong financial base and well-managed operations should benefit greatly from the current market conditions.
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