WATERDROP INC Reports CNY 606.2 Million Revenue in Q1 of FY2023, Down 6.6% from Previous Year
June 22, 2023
🌥️Earnings Overview
On June 2 2023, WATERDROP INC ($NYSE:WDH) announced total revenue of CNY 606.2 million for the first quarter of FY2023, a 6.6% decrease from the same period in the previous fiscal year. The company’s net income for the quarter amounted to CNY 49.7 million, representing a 52.6% drop from the same quarter one year prior.
Analysis
GoodWhale has conducted an analysis of WATERDROP INC and found that their wellbeing is overall strong. The Star Chart shows that they are strong in asset, growth, and profitability, but weak in dividend. Their health score is 6/10 with regard to cashflows and debt, which indicates that they can safely ride out any crisis without the risk of bankruptcy. WATERDROP INC is classified as ‘rhino’, which indicates that they have achieved moderate revenue or earnings growth. Given their level of wellbeing, WATERDROP INC would likely be a good investment opportunity for those looking for a company with strong assets and a solid foundation. Those who are looking for a higher dividend yield should look elsewhere, but those who are looking for a company with a good chance of success and a moderate level of growth should consider investing in WATERDROP INC. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Waterdrop Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.76k | 552.48 | 19.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Waterdrop Inc. More…
| Operations | Investing | Financing |
| 765.71 | -139.82 | -57.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Waterdrop Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.81k | 1.16k | 12.17 |
Key Ratios Snapshot
Some of the financial key ratios for Waterdrop Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.9% | – | 13.5% |
| FCF Margin | ROE | ROA |
| 27.3% | 4.9% | 4.0% |
Peers
The company was founded in 2015 by husband and wife team, Sichuan Zhao and Yingying Li. Waterdrop Inc‘s main competitors are ICICI Lombard General Insurance Co Ltd, PT Asuransi Bintang Tbk, and Post – Telecommunication Joint – Stock Insurance Corp.
– ICICI Lombard General Insurance Co Ltd ($BSE:540716)
ICICI Lombard General Insurance Co Ltd. is an insurance company that offers a range of insurance products in India. The company offers motor, health, travel, and home insurance products, as well as crop insurance and micro-insurance products. ICICI Lombard General Insurance Co Ltd has a market cap of 599.21B as of 2022 and a Return on Equity of 13.24%. The company is one of the leading insurance providers in India and has a strong presence in the rural and urban markets.
– PT Asuransi Bintang Tbk ($IDX:ASBI)
Asuransi Bintang Tbk is an Indonesian insurance company with a market cap of 166.53B as of 2022. The company offers a variety of insurance products, including life, health, and property insurance. Asuransi Bintang also has a strong presence in the Indonesian market, with over 3,000 employees and a network of more than 200 branches nationwide.
Summary
WATERDROP INC reported its first quarter financials for FY2023, posting a total revenue of CNY 606.2 million, which was a 6.6% decrease year over year. The company’s net income for the quarter was CNY 49.7 million, significantly dropping by 52.6% compared to the same period last year. As a result of this quarterly report, the WATERDROP INC stock price decreased on the same day.
Investors should assess this data carefully while considering whether to invest in WATERDROP INC, as the company’s financial situation is in decline and may not hold up in the long term. Therefore, it is important for investors to do their due diligence when considering investing in WATERDROP INC.
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