Wideopenwest Stock Fair Value – WIDEOPENWEST Reports Q2 Earnings Results for FY2023 Ending June 30 2023
August 20, 2023
🌥️Earnings Overview
On August 8th, 2023, WIDEOPENWEST ($NYSE:WOW) reported their Q2 earnings results for the period ending June 30th, 2023. The company’s total revenue was USD 172.6 million, a 2.0% decline year-over-year. Net income was USD -101.7 million, a decrease of 4.0 million from the previous year.
Stock Price
On Tuesday, WIDEOPENWEST released its financial earnings results for the second quarter of Fiscal Year 2023 which ended on June 30th, 2023. The stock opened at $7.8 and closed at $7.5, a decrease of 8.9% from its prior closing price of 8.3. This indicates a significant drop in the company’s financial performance for the quarter compared to the previous year.
Additionally, expenses increased due to the increased costs associated with keeping their services available and operational during the pandemic. In spite of these decreases, WIDEOPENWEST was able to maintain its customer base and even gain new customers as they continued to offer competitive pricing and expanded their services into new markets. Additionally, they are continuing to invest in infrastructure and technology to improve their services and remain competitive in the market. Overall, WIDEOPENWEST reported lower financial results than expected for Q2 of FY2023 which has caused their stock to drop significantly since their earnings report was released. Despite this, the company remains confident that they can continue to grow and improve their services in order to remain profitable in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wideopenwest. WIDEOPENWEST_Reports_Q2_Earnings_Results_for_FY2023_Ending_June_30_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 699 | -151.9 | -6.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wideopenwest. WIDEOPENWEST_Reports_Q2_Earnings_Results_for_FY2023_Ending_June_30_2023″>More…
| Operations | Investing | Financing |
| 126.7 | -213.7 | 60.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wideopenwest. WIDEOPENWEST_Reports_Q2_Earnings_Results_for_FY2023_Ending_June_30_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.62k | 1.22k | 4.78 |
Key Ratios Snapshot
Some of the financial key ratios for Wideopenwest are shown below. WIDEOPENWEST_Reports_Q2_Earnings_Results_for_FY2023_Ending_June_30_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -14.9% | -43.6% | -24.2% |
| FCF Margin | ROE | ROA |
| -12.5% | -23.2% | -6.5% |
Analysis – Wideopenwest Stock Fair Value
At GoodWhale, we have analyzed the financials of WIDEOPENWEST to help investors determine the true value of its stock. Our proprietary Valuation Line has calculated the intrinsic value of WIDEOPENWEST share at around $12.7. At the moment, the stock is trading at $7.5, which represents a 41.0% discount to its intrinsic value. This suggests that the current stock price is undervalued and therefore a good opportunity for investors to capitalize on. More…
Peers
In the world of internet and television providers, there is always competition in order to be the best and most affordable for consumers. Two of the companies that offer these services are WideOpenWest Inc and GTPL Hathway Ltd. Both companies offer a variety of services that include high-speed internet, cable television, and phone services. They both have their pros and cons, but it is up to the consumer to decide which company they want to go with.
– GTPL Hathway Ltd ($BSE:540602)
Hathway Ltd is a leading cable TV and broadband service provider in India. The company has a market cap of $15.45 billion as of 2022 and a return on equity of 17.05%. Hathway offers a wide range of cable TV and broadband plans to its customers in India. The company has a strong presence in the Indian market with over 10 million subscribers. Hathway is committed to providing quality service to its customers and has been consistently rated as one of the top service providers in India.
– Comcast Corp ($NASDAQ:CMCSA)
Comcast Corporation is an American telecommunications conglomerate that provides cable television, internet, and telephone services to residential and commercial customers in the United States. It is the second-largest pay-television company in the world by revenue and the largest cable television company in the United States by revenue. It is the largest cable television provider in the United States. Comcast is a Fortune 50 company and is a member of the S&P 500.
Comcast Corporation’s market capitalization is $134.03 billion as of 2022. The company has a return on equity of 9.26%. Comcast Corporation is a telecommunications conglomerate that provides cable television, internet, and telephone services to residential and commercial customers in the United States.
– PT MNC Vision Networks Tbk ($IDX:IPTV)
MNC Vision Networks Tbk is a leading Indonesian media and entertainment company with a market cap of 3.42T as of 2022. The company has a strong presence in the pay TV, free TV, radio, and online businesses. It also owns and operates several leading TV and radio stations in Indonesia. The company has a return on equity of 2.13%.
Summary
WIDEOPENWEST reported their FY2023 Q2 earnings results on August 8 2023. Total revenue for the quarter was USD 172.6 million, a 2.0% decrease compared to the same quarter the previous year. Net income was USD -101.7 million, a 4.0 million decrease from the preceding year.
The stock price moved down on the same day, suggesting that investors are not optimistic about the company’s performance and may be concerned about future earnings due to the decreased revenue and net income. To gain investor confidence, WIDEOPENWEST needs to focus on improving their bottom line by increasing revenue and improving operational efficiency.
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