Verra Mobility Intrinsic Value – VERRA MOBILITY Reports Second Quarter Earnings Results for Fiscal Year 2023
August 17, 2023
🌥️Earnings Overview
VERRA MOBILITY ($NASDAQ:VRRM) reported their financial results for the second quarter of fiscal year 2023, closing on the 30th of June 2023. Revenue totaled USD 204.5 million, a 9.1% growth from the same quarter in the previous year. Net income dropped by 35.5%, to USD 19.1 million.
Share Price
The company opened stock trading at $20.4 and closed the day at the same value. Despite the lack of change, this was a positive result for VERRA MOBILITY as it showed steady growth for the company.
However, on a year-over-year basis, the net profit was slightly lower than Fiscal Year 2022’s second quarter results. This shows that the company is confident in its future prospects and is willing to invest in itself. Overall, VERRA MOBILITY’s second quarter earnings report was a positive sign for the company and its shareholders. The steady increase in revenue and profits combined with the company’s aggressive stock repurchase program demonstrate that VERRA MOBILITY is committed to increasing shareholder value and delivering strong returns to its investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Verra Mobility. More…
| Total Revenues | Net Income | Net Margin |
| 780.09 | 76.48 | 10.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Verra Mobility. More…
| Operations | Investing | Financing |
| 229.89 | -56.82 | -50.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Verra Mobility. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.91k | 1.44k | 2.79 |
Key Ratios Snapshot
Some of the financial key ratios for Verra Mobility are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.3% | 38.3% | 25.4% |
| FCF Margin | ROE | ROA |
| 22.3% | 35.3% | 6.5% |
Analysis – Verra Mobility Intrinsic Value
GoodWhale conducted an in-depth analysis of VERRA MOBILITY’s wellbeing, and have concluded that the intrinsic value of their stock is around $19.6. This valuation was calculated using our proprietary Valuation Line, which takes into account multiple different factors to determine an accurate estimation. Currently, the stock of VERRA MOBILITY is traded at a price of $20.4. While this is not significantly higher than the intrinsic value, GoodWhale has determined that this is a fair price and it is only slightly overvalued by around 3.9%. More…
Peers
The competition between Verra Mobility Corp and its competitors is fierce. Each company is striving to be the best in the industry and to provide the best products and services to their customers. Fluor Corp, Shenzhen Genvict Technologies Co Ltd, and ComfortDelGro Corp Ltd are all major players in the transportation industry and are constantly innovating to provide the best possible products and services to their customers.
– Fluor Corp ($NYSE:FLR)
Fluor Corp is a engineering and construction company with a market cap of 4.51B as of 2022. The company has a ROE of 11.56%. Fluor Corp provides engineering, procurement, construction, and project management services to government and commercial clients worldwide.
– Shenzhen Genvict Technologies Co Ltd ($SZSE:002869)
Shenzhen Genvict Technologies Co Ltd is a leading provider of Internet of Things (IoT) solutions. The company has a market cap of 4.06B as of 2022 and a ROE of -3.9%. The company provides IoT solutions for a wide range of industries, including smart cities, transportation, energy, and healthcare. The company’s products and solutions are used by government agencies, enterprises, and consumers in over 100 countries.
– ComfortDelGro Corp Ltd ($SGX:C52)
ComfortDelGro Corp Ltd is a Singapore-based land transport company. The Company’s segments include Buses, Taxi, Rail, Automotive Engineering Services, and Others. It offers a range of services, including bus chartering, bus advertising, bus assembly, and spare parts trading. The Company’s businesses include bus operations in Singapore, taxi operations in Singapore, UK, China and Vietnam, railway operations in Singapore and Australia, automotive engineering services and car rental and leasing operations. ComfortDelGro Corp Ltd has a market cap of 2.86B as of 2022, a Return on Equity of 5.96%. The company’s market capitalization is 2.86B, and its ROE is 5.96%.
Summary
VERRA MOBILITY has seen positive growth in its second quarter of fiscal year 2023 with total revenue increasing by 9.1% compared to the same period last year. However, net income decreased by 35.5%, suggesting that the company may be facing financial difficulties. Investors should watch out for any further changes in the company’s financial performance in the coming quarters. Furthermore, it is important to consider the company’s future plans and strategies, as these could have a significant impact on its stock price and long-term profitability.
