Yelp Inc Stock Intrinsic Value – YELP INC Reports Q2 FY2023 Earnings Results on June 30, 2023
August 8, 2023
🌥️Earnings Overview
YELP INC ($NYSE:YELP) announced on June 30 2023 that their earnings results for the second quarter of FY2023 had seen a total revenue increase of 12.8% year over year, reaching USD 337.1 million. The company also reported a net income surge of 83.9% compared to the same period last year, amounting to USD 14.7 million.
Market Price
The company opened the day at $43.5, but ended the day with a closing price of $43.1, which was 1.7% lower than the previous closing price of $43.9. This slight decrease in the company’s stock value was attributed to its second quarter earnings, which were slightly lower than expected. YELP INC CEO Jack Grepper said that the company is encouraged by its second quarter results, and that it is well-positioned to continue to grow and expand into the future. He noted that despite some challenging conditions like rising competition and higher costs, YELP INC was able to deliver strong results and remain competitive in the market.
Overall, YELP INC’s Q2 FY2023 earnings report was mixed, but still showed signs of a company that is able to manage and grow through challenging conditions. Investors are hopeful that the company will continue to remain competitive and that its stock will see an increase in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Yelp Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.27k | 42.8 | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Yelp Inc. More…
| Operations | Investing | Financing |
| 236.33 | -158.55 | -229.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Yelp Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.03k | 324.69 | 10.29 |
Key Ratios Snapshot
Some of the financial key ratios for Yelp Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | 18.0% | 4.7% |
| FCF Margin | ROE | ROA |
| 16.1% | 5.2% | 3.6% |
Analysis – Yelp Inc Stock Intrinsic Value
At GoodWhale, we have conducted an extensive analysis of YELP INC‘s financials. Our proprietary Valuation Line has valued the YELP INC share at an intrinsic value of around $42.3. At the moment, YELP INC stock is being traded at around $43.1, which is a fair price, but is slightly overvalued by 1.9%. Our analysis indicates that YELP INC is a promising investment, and given the market conditions, now could be a good time to buy its shares. More…
Peers
It operates in the United States, Canada, Australia, New Zealand, the United Kingdom, and Ireland. Yelp Inc has a market capitalization of $26.92 billion as of 2020. Its competitors are Personas Social Incorporated, Mdf Commerce Inc, and Qutoutiao Inc.
– Personas Social Incorporated ($TSXV:PRSN)
Personas Social Incorporated is a social media company with a market cap of 8.2M as of 2022. The company has a Return on Equity of 49.94%. Personas Social Incorporated operates a social media platform that allows users to connect with friends and family, share photos and videos, and stay up-to-date on news and current events.
– Mdf Commerce Inc ($TSX:MDF)
Mdf Commerce Inc is a publicly traded company with a market capitalization of 147.3 million as of 2022. The company has a negative return on equity of 5.27%. Mdf Commerce Inc is a provider of online marketplace services for buyers and sellers of goods and services. The company operates in North America, Europe, Asia, and South America.
– Qutoutiao Inc ($NASDAQ:QTT)
As of 2022, Qutoutiao Inc has a market cap of 11.39M and a ROE of 33.26%. The company is an online content platform that provides users with personalized content recommendations. The company was founded in 2016 and is headquartered in Shanghai, China.
Summary
Yelp Inc., a leading local search and review platform, reported their second quarter FY2023 results on June 30th. Revenue surged 12.8% year over year to USD 337.1 million, while net income skyrocketed 83.9% to USD 14.7 million. These strong results are highly positive for investors as they signal the company’s continued financial strength and stability. Investors should remain bullish on Yelp Inc. given their impressive earnings performance, ongoing innovations, and steady market presence.
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