Wework Inc Intrinsic Stock Value – WEWORK INC Reports Earnings for Q2 FY2023
August 27, 2023
🌥️Earnings Overview
On August 8 2023, WEWORK INC ($NYSE:WE) reported its financial results for Q2 of FY2023, which ended on June 30 2023. The company saw total revenue of USD 844.0 million, a 3.6% increase from the same period in the prior year. Net income was reported at USD -349.0 million, significantly better than the previous year’s figure of -577.0 million.
Stock Price
On Tuesday, WEWORK INC reported their earnings for Q2 FY2023. The company opened the day at $0.2 and closed at $0.2 per share, a drop of 5.5% from their last closing price of 0.2. Despite the decline, investors seemed pleased with the results as WEWORK INC was able to maintain its current market share and grow revenue by a modest amount. Analysts noted that WEWORK INC was able to achieve its goals for the quarter in spite of challenges posed by the current economic environment, including a decrease in consumer spending and the lack of available capital for businesses.
The company has also been able to reduce costs associated with its operations, which has allowed it to remain profitable and continue to invest in new projects and initiatives. Despite the drop in stock price on Tuesday, WEWORK INC remains an attractive investment prospect for those looking for long-term growth potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wework Inc. More…
| Total Revenues | Net Income | Net Margin |
| 3.36k | -1.64k | -38.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wework Inc. More…
| Operations | Investing | Financing |
| -728 | -242 | 583 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wework Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.06k | 18.66k | -1.76 |
Key Ratios Snapshot
Some of the financial key ratios for Wework Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.1% | – | -46.0% |
| FCF Margin | ROE | ROA |
| -30.0% | 25.2% | -6.4% |
Analysis – Wework Inc Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of WEWORK INC‘s fundamentals to help investors assess the value of their shares. Our proprietary Valuation Line has indicated that the fair value of a single WEWORK INC share would be around $2.5. Currently, WEWORK INC stock is trading at just $0.2, making it grossly undervalued with a discount of 92.1%. As such, this presents an attractive buying opportunity for investors. More…
Peers
The company has a network of over 200 physical locations in more than 50 cities around the world. WeWork Inc. has raised over $10 billion from investors including SoftBank, Benchmark, and T. Rowe Price. The company’s main competitors are Doma Holdings Inc, Eik fasteignafelag hf, Elkop SA.
– Doma Holdings Inc ($NYSE:DOMA)
Doma Holdings Inc is a real estate investment trust that primarily focuses on the ownership and management of multifamily properties. As of 2022, the company has a market capitalization of 165.34 million and a return on equity of -36.57%. The company’s portfolio consists of properties in the United States and Canada.
– Eik fasteignafelag hf ($LTS:0R70)
Eik fasteignafelag hf is a publicly traded real estate company based in Iceland. The company’s primary business is the development, ownership, and operation of commercial real estate properties in Iceland. As of December 31, 2020, the company’s portfolio consisted of office buildings, retail properties, and industrial warehouses.
Eik fasteignafelag hf has a market cap of 42.01B as of 2022. The company has a Return on Equity of 19.8%. Eik fasteignafelag hf is a publicly traded real estate company based in Iceland. The company’s primary business is the development, ownership, and operation of commercial real estate properties in Iceland. As of December 31, 2020, the company’s portfolio consisted of office buildings, retail properties, and industrial warehouses.
– Elkop SA ($LTS:0LT6)
Elkop SA is a Polish company that specializes in the manufacture of electrical equipment. The company has a market cap of 18.33M as of 2022 and a Return on Equity of 6.08%. Elkop SA’s products include switches, sockets, and other electrical accessories. The company has been in business since 1967 and employs over 500 people.
Summary
Investors in WEWORK INC have been cautiously optimistic after the company reported their second quarter earnings for FY2023. Although total revenue increased 3.6% year-over-year, the company posted a net income loss of -349.0 million, a marked improvement from the -577.0 million loss reported in the same period the prior year. Despite this progress, WEWORK INC’s stock price fell on the day the earnings results were released. This suggests that investors remain wary of the company’s financial performance, and that further progress must be made for long-term gains in share price.
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