Vericity Intrinsic Value Calculator – Vericity Reports Positive Earnings Results for Q2 FY2023
August 27, 2023
☀️Earnings Overview
Vericity ($NASDAQ:VERY) announced their financial results for the second quarter of FY2023, which ended on June 30 2023, on August 14 2023. Total revenue for the quarter was USD 44.7 million, a 4.6% increase from the same period in the previous year. Net income was up 184.3% from the previous year, totaling USD 2.0 million.
Market Price
On Monday, VERICITY announced their financial results for the second quarter of the fiscal year 2023. According to the report, the company recorded a 4.5% decline from the last closing price of $6.7, opening at $6.4 and closing at the same price. Despite the drop in stock value, the report revealed positive earnings results for the quarter. The company also reported a 6% surge in operating expenses.
Overall, VERICITY’s financial performance in the second quarter of FY2023 was strong despite the drop in stock value. With their increased revenues and net income, the company is well-positioned to continue its success into the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vericity. More…
| Total Revenues | Net Income | Net Margin |
| 170.9 | -12.35 | -7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vericity. More…
| Operations | Investing | Financing |
| -0.08 | -14.74 | -0.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vericity. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 792.92 | 677.54 | 7.76 |
Key Ratios Snapshot
Some of the financial key ratios for Vericity are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.1% | – | – |
| FCF Margin | ROE | ROA |
| -0.0% | -7.3% | -1.1% |
Analysis – Vericity Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of VERICITY‘s wellbeing and our proprietary Valuation Line has led us to the conclusion that the intrinsic value of VERICITY shares is around $8.3. On the market, however, VERICITY’s stock is currently traded at $6.4, meaning that it is undervalued by 23.3%. For an investor looking for an opportunity in the market, this could be a great chance to grab a bargain. More…
Peers
With a wide range of products and services, Vericity Inc stands out among its competitors such as Nobleoak Life Ltd, GWG Holdings Inc, and Mercuries Life Insurance Co Ltd. All four companies provide a variety of life and health insurance services, offering customers a variety of options to choose from.
– Nobleoak Life Ltd ($ASX:NOL)
Nobleoak Life Ltd is a leading provider of life insurance products and services in Australia. As of 2023, the company has a market cap of 154.73M. This figure indicates the company’s worth and its success in the industry. Nobleoak Life Ltd provides a range of life insurance products such as term life, whole life, and trauma cover, as well as income protection, business expense cover and more. The company has established itself as a trusted provider of life insurance products with a focus on providing comprehensive and accessible coverage for Australians.
– GWG Holdings Inc ($OTCPK:GWGHQ)
GWG Holdings Inc is an American financial services company that specializes in providing alternative investments to individuals and institutions. It has a market cap of 6.23 million USD as of 2023, making it a relatively small company compared to other financial services companies. Its Return on Equity (ROE) of 65.04% is an impressive figure and indicates that GWG Holdings Inc is able to generate higher returns from its equity investments than many other companies in its sector. This suggests that the company has a competitive advantage in terms of its ability to generate profits from its investments.
– Mercuries Life Insurance Co Ltd ($TWSE:2867)
Mercuries Life Insurance Co Ltd is a life insurance company headquartered in Hong Kong and has a market capitalization of 22.3 billion as of 2023. The company provides life insurance and other financial services to its customers. The Return on Equity (ROE), which measures the firm’s profitability, currently stands at -14.48%, suggesting that the company is struggling to generate a profit. Despite this, Mercuries Life Insurance Co Ltd remains an attractive investment opportunity due to its strong market cap and established customer base.
Summary
Vericity reported strong second quarter earnings for FY2023, ending June 30 2023. Total revenue was up 4.6% year over year, while net income jumped 184.3%. Despite these promising results, the stock price fell on the day of their earnings release.
Investment analysts suggest that the market may be concerned about Vericity’s ability to sustain these strong growth figures in the upcoming quarters. It is likely that investors will be keeping an eye on the company’s future performance and watching for any signs of slowing growth.
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