Sirius Xm Stock Fair Value Calculation – SIRIUS XM Posts Q2 FY2023 Earnings Results on June 30, 2023
August 9, 2023
🌥️Earnings Overview
On June 30, 2023, SIRIUS XM ($NASDAQ:SIRI) announced their second quarter of FY2023 earnings results, with total revenue of USD 2250.0 million, a 0.1% decrease compared to the same quarter of the previous year. Net income for the quarter was USD 310.0 million, an increase of 6.2% from the same period in the prior year.
Market Price
On Tuesday, the stock opened at $5.3 and closed at $5.0, which was a decrease of 2.4% from their prior closing price of $5.1. This decrease was seen as a surprise to many investors who were expecting the stock to grow. The impressive results showed that the company was performing well despite the ongoing pandemic. This was a clear indication of the company’s success in growing their customer base and increasing their revenue.
Overall, SIRIUS XM‘s Q2 FY2023 earnings results were positive and exceeded analyst expectations. Despite the stock taking a slight dip on Tuesday, the company’s growth and strong performance give investors reason to be optimistic about their future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sirius Xm. More…
| Total Revenues | Net Income | Net Margin |
| 8.96k | 1.16k | 13.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sirius Xm. More…
| Operations | Investing | Financing |
| 1.89k | -580 | -1.38k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sirius Xm. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.08k | 13.19k | -0.81 |
Key Ratios Snapshot
Some of the financial key ratios for Sirius Xm are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.3% | 4.5% | 21.4% |
| FCF Margin | ROE | ROA |
| 14.8% | -37.6% | 11.9% |
Analysis – Sirius Xm Stock Fair Value Calculation
At GoodWhale, we have conducted a thorough analysis of the fundamentals of SIRIUS XM. Our proprietary Valuation Line has indicated that the intrinsic value of SIRIUS XM share is around $7.2. Currently, SIRIUS XM stock is traded at $5.0, which is a discount of 30.5%, making it an attractive opportunity for investors. We believe that SIRIUS XM is undervalued and is a good investment option for investors. More…
Peers
Sirius XM Holdings Inc, Corus Entertainment Inc, PT Global Mediacom Tbk, and WRIT Media Group Inc are all companies that operate in the radio and media industry. Corus Entertainment Inc is a Canadian media and broadcasting company. PT Global Mediacom Tbk is an Indonesian media conglomerate. WRIT Media Group Inc is an American provider of digital media services.
– Corus Entertainment Inc ($TSX:CJR.B)
Corus Entertainment Inc is a media and entertainment company with operations in radio, television, and publishing. The company has a market capitalization of 451.7 million as of 2022 and a return on equity of -5.6%. Corus Entertainment’s radio segment includes the operation of radio stations across Canada. The company’s television segment operates television networks, including the W Network, Movie Central, and Teletoon. Corus Entertainment’s publishing segment includes the operation of trade magazines and websites.
– PT Global Mediacom Tbk ($IDX:BMTR)
PT Global Mediacom Tbk is one of Indonesia’s largest media companies. It has a market cap of 4.97T as of 2022 and a Return on Equity of 15.75%. The company owns and operates a number of media businesses, including television, radio, print, and digital media. It also has a significant presence in the advertising and marketing industries.
– WRIT Media Group Inc ($OTCPK:WRIT)
WRIT Media Group Inc. is a development stage company. It focuses on the development and operation of an online social media platform for the creative writing community. The company was founded on March 15, 2010 and is headquartered in Vancouver, Canada.
Summary
Investors may be encouraged by SIRIUS XM‘s second quarter FY2023 results, which reported total revenue of USD 2250.0 million, a slight decrease of 0.1% year-over-year. Net income was USD 310.0 million, a 6.2% increase from the same period in the prior year. The company’s focus on cost reduction and efficiency initiatives has helped improve profitability, while its diversified portfolio of services and offerings has helped make up for declines in certain areas of the business. SIRIUS XM’s strong financials and diversified offerings make it an attractive investment opportunity for investors looking for long-term growth.
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