Squarespace Stock Fair Value Calculator – SQUARESPACE Sees 18.1% Year-Over-Year Revenue Increase in 2023 Third Quarter Earnings
November 22, 2023
☀️Earnings Overview
SQUARESPACE ($NYSE:SQSP) announced their fiscal year 2023 third quarter earnings results on November 7, 2023, revealing total revenue of USD 257.1 million, an 18.1% year-on-year increase. Net income for the quarter, however, was -16.5 million compared to 10.1 million the year prior.
Analysis – Squarespace Stock Fair Value Calculator
GoodWhale has conducted an analysis of SQUARESPACE‘s financials and has determined that the intrinsic value of its shares is around $34.9. This was calculated using our proprietary Valuation Line. This means that investors have a great opportunity to buy the stock now and benefit from potential future upside. Given the strong fundamentals of SQUARESPACE, we believe that this undervalued stock price could present a good value investment for long-term investors. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Squarespace. More…
| Total Revenues | Net Income | Net Margin |
| 970.43 | -246.3 | -7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Squarespace. More…
| Operations | Investing | Financing |
| 209.13 | -164.5 | -29.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Squarespace. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 904.9 | 1.19k | -2.12 |
Key Ratios Snapshot
Some of the financial key ratios for Squarespace are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.4% | -39.9% | -13.8% |
| FCF Margin | ROE | ROA |
| 1.7% | 28.8% | -9.2% |
Peers
In the world of website design and hosting, there is stiff competition between Squarespace Inc and its competitors: Justsystems Corp, Marin Software Inc, and Autodesk Inc. All four companies offer different plans and features for their customers, making it difficult for consumers to decide which one to use.
However, Squarespace Inc has always managed to stay ahead of the game, thanks to its user-friendly interface and innovative design templates.
– Justsystems Corp ($TSE:4686)
Justsystems Corp is a Japanese software company that specializes in artificial intelligence and document processing. The company has a market cap of 211.94B as of 2022 and a Return on Equity of 14.99%. Justsystems was founded in 1981 and is headquartered in Tokyo, Japan.
– Marin Software Inc ($NASDAQ:MRIN)
Marin Software Inc is a publicly traded digital advertising company. The company has a market capitalization of 19.34 million as of 2022 and a return on equity of -36.28%. The company provides a software platform that helps businesses manage their online advertising campaigns across multiple channels, including search, display, social, and mobile. The company was founded in 2006 and is headquartered in San Francisco, California.
– Autodesk Inc ($NASDAQ:ADSK)
Autodesk, Inc. is an American multinational software corporation that makes software for the architecture, engineering, construction, manufacturing, media, and entertainment industries. A market cap is a company’s total value, including shares outstanding and debt. Autodesk’s market cap is $49.39B as of 2022. Return on equity (ROE) is a financial ratio that measures the profitability of a company in relation to its shareholders’ equity. Autodesk’s ROE is 71.49%.
Summary
SQUARESPACE reported strong fiscal year 2023 third quarter earnings results with total revenue of USD 257.1 million. This represents a 18.1% year-over-year growth, despite a net income of -16.5 million, down from 10.1 million during the same period last year. This indicates that SQUARESPACE’s revenue growth has been strong but the company has not been able to convert it into profits. Investors should keep a close eye on the company’s future developments in order to make informed investment decisions.
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