Waterdrop Inc Stock Fair Value – WATERDROP INC Reports Second Quarter Fiscal Year 2023 Earnings Results on June 30 2023
September 10, 2023
🌥️Earnings Overview
WATERDROP INC ($NYSE:WDH) reported total revenue of CNY 678.7 million for the quarter ending September 7 2023 – the second quarter of their fiscal year 2023 – a 3.2% decrease compared to the same quarter of the previous year. Net income for the period was CNY 21.7 million, a 89.5% decrease from the prior year. These results were released on June 30 2023.
Share Price
On Thursday, June 30, 2023, WATERDROP INC reported its second quarter fiscal year 2023 earnings results. The stock opened at $1.5 and closed at $1.5, a 3.9% decrease from the prior closing price of $1.5. The company’s results were in line with expectations and the stock price remained steady in response. While revenues showed some growth, operating costs were higher than expected due to increased investments in research and development as well as marketing expenses.
Overall, WATERDROP INC performed well during the second quarter of fiscal year 2023. The company was able to maintain its strong market presence and financial performance despite some challenges from increased competition in the industry. The outlook for the remainder of the year remains positive, and shareholders can look forward to continued success from the company. Live Quote…
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 |
| 2.74k | 367.24 | 13.3% |
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 |
| 5.88k | 1.28k | 12.06 |
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% | – | 6.4% |
| FCF Margin | ROE | ROA |
| 27.5% | 2.4% | 1.9% |
Analysis – Waterdrop Inc Stock Fair Value
At GoodWhale, we have conducted an analysis of WATERDROP INC‘s wellbeing, and we have determined that their intrinsic value is estimated to be around $2.0. We have obtained this value using our proprietary Valuation Line. Currently, WATERDROP INC’s stock is being traded at $1.5, which is 26.3% undervalued compared to our estimation. This indicates that there is potential for WATERDROP INC’s stock to experience an increase in the near future. More…
Peers
The company was founded in 2015 by husband and wife team, Sichuan Zhao and Yingying Li. Waterdrop Inc‘s main competitors are ICICI Lombard General Insurance Co Ltd, PT Asuransi Bintang Tbk, and Post – Telecommunication Joint – Stock Insurance Corp.
– ICICI Lombard General Insurance Co Ltd ($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 their earnings results for the second quarter of their fiscal year 2023, ending September 7 2023, with total revenue at CNY 678.7 million and a reported net income of CNY 21.7 million. This marked a 3.2% decrease in total revenue and an 89.5% decrease in net income compared to the same quarter of the previous year. Consequently, the stock price dropped on the same day as the release of the earnings results.
Investors should take note of this development when analyzing WATERDROP INC, as it may indicate a decrease in company performance. Moreover, further financial analysis and research is necessary in order to gain a better understanding of the company’s position and outlook.
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