Super Group Intrinsic Value Calculation – SUPER GROUP Reports Impressive Third Quarter Earnings for 2023

☀️Earnings Overview

SUPER GROUP ($NYSE:SGHC) reported total revenue of EUR 356.9 million for their fiscal year 2023 third quarter, ending September 30, 2023 – a 15.9% increase from last year. Net income, however, decreased 71.5% to EUR 9.9 million compared to the same period in FY2022.

Stock Price

On Thursday, SUPER GROUP reported its third quarter earnings for 2023, which generated a lot of interest from investors. The company’s stock opened at $3.8 and closed at $3.5, a drop of 7.8% from the prior closing price of $3.8. Despite this decline, the company reported a strong quarter with impressive earnings. This was primarily driven by a strong performance in its core businesses, as well as increased demand for its products and services. This was driven by improved efficiencies in operations and increased sales of its products and services.

Overall, it was an impressive quarter for SUPER GROUP. Despite the decline in its stock price, the company posted strong financials and demonstrated its ability to generate cash flow from operations. This is encouraging for investors and bodes well for the future performance of the company. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Super Group. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Super Group. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Super Group. More…

Key Ratios Snapshot

Some of the financial key ratios for Super Group are shown below. More…

Analysis – Super Group Intrinsic Value Calculation

GoodWhale has provided an analysis of SUPER GROUP‘s wellbeing. Our proprietary Valuation Line has calculated the intrinsic value of their shares to be around $4.8, yet the stock is traded at a price of $3.5, indicating that it is currently undervalued by 26.5%. This represents a great opportunity for investors to take advantage of the discrepancy in price and purchase SUPER GROUP’s stock at a discounted rate. More…

Peers

The competition between Super Group (SGHC) Ltd and its competitors is fierce. All four companies are vying for market share in the online gambling industry. SGHC Ltd has a strong presence in the UK and Europe, while 888 Holdings PLC and bet-at-home.com AG are both based in Gibraltar. Codere Online Luxembourg SA is headquartered in Luxembourg.

– 888 Holdings PLC ($LSE:888)

The company’s market cap is 448.12M as of 2022 and its ROE is 9.83%. The company is a provider of online gaming services.

– bet-at-home.com AG ($LTS:0RIP)

Bet-at-home.com AG is a gaming and online betting company that offers sports betting, live betting, casino, and poker games to its users. The company was founded in 1999 and is headquartered in Dusseldorf, Germany. As of 2022, Bet-at-home.com AG has a market cap of 31.65M and a Return on Equity of 13.09%.

– Codere Online Luxembourg SA ($NASDAQ:CDRO)

Codere Online Luxembourg SA is a gaming company that offers online gambling products and services. The company has a market capitalization of $107.84 million and a negative return on equity of 82.23%. Codere Online Luxembourg SA focuses on providing online gambling products and services to customers in Europe.

Summary

Analysts have taken note of SUPER GROUP‘s third quarter earnings for fiscal year 2023, which saw a strong increase in revenue but a sharp decline in net income. This has led to a significant drop in the company’s stock price. While revenue has been a positive for the company, investors should remain cautious given the stark decrease in profitability. A closer look at the financials and company strategy is needed to determine if SUPER GROUP is a viable long-term investment.