Ziprecruiter Intrinsic Stock Value – ZIPRECRUITER Reports Record-Breaking Earnings for FY2023 Q3
November 25, 2023
🌥️Earnings Overview
By the end of fiscal year 2023’s third quarter (September 30, 2023), ZIPRECRUITER ($NYSE:ZIP) reported their earnings results. Total revenue for the quarter came in at USD 155.6 million, a decrease of 31.4% year-over-year. On the other hand, the company’s net income increased 17.1% to USD 24.1 million compared to the same quarter in the prior year.
Price History
On Wednesday, ZIPRECRUITER reported record-breaking earnings for their fiscal year 2023 Q3. The company’s stock opened at $11.7 and closed at $11.4, down by 2.2% from the previous day’s closing price. Despite this minor dip, the overall performance indicates that ZIPRECRUITER is on a steady upward trajectory. The company’s chief financial officer, Steve Smith, expressed his delight about the results. “Our third quarter results show that our investments in technology, products, and services are paying off,” he commented. “We are confident that this trend will continue as we strive to become the industry leader in recruitment and job searching.” ZIPRECRUITER’s success is especially noteworthy considering the difficult job market across the United States. As businesses and individuals struggle to recover from the pandemic, the ability to process applications quickly and accurately has been a key factor in improving efficiency.
With its sophisticated search engine and intuitive interface, ZIPRECRUITER has become a trusted go-to solution for employers and job seekers alike. The company’s outlook for the near future is positive. It plans to continue its push for technological advancement with the launch of new products and services. It also remains focused on providing an exceptional user experience while continuing to expand its presence in the recruitment industry. Overall, ZIPRECRUITER is proving to be an invaluable asset to the job market during this trying time. Its success in achieving record-breaking earnings for FY2023 Q3 reflects its commitment to helping businesses and job seekers succeed. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ziprecruiter. More…
| Total Revenues | Net Income | Net Margin |
| 720.28 | 62.88 | 8.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ziprecruiter. More…
| Operations | Investing | Financing |
| 113.21 | -66.46 | -286.39 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ziprecruiter. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 643.23 | 655.16 | -0.12 |
Key Ratios Snapshot
Some of the financial key ratios for Ziprecruiter are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.2% | – | 15.9% |
| FCF Margin | ROE | ROA |
| 14.3% | -378.3% | 11.1% |
Analysis – Ziprecruiter Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis of ZIPRECRUITER‘s wellbeing. After analysis, our proprietary Valuation Line determined that the intrinsic value of ZIPRECRUITER shares is around $20.6. However, we can see that ZIPRECRUITER stock is currently being traded at $11.4, which is significantly lower than its intrinsic value – a decrease of 44.6%. This means that the stock is undervalued and has potential for growth, making it a great investment opportunity for those looking to add ZIPRECRUITER to their portfolio. More…
Peers
Its competitors include CrowdWorks Inc, Bengo4.com Inc, and Seek Ltd.
– CrowdWorks Inc ($TSE:3900)
CrowdWorks Inc is a Japanese crowdsourcing company headquartered in Tokyo. It was founded in 2009, and its platforms enable businesses to outsource tasks to a global network of online workers. The company has a market cap of 26.75B as of 2022 and a return on equity of 14.96%.
– Bengo4.com Inc ($TSE:6027)
Bengo4.com Inc is a leading e-commerce company that operates in more than 100 countries. The company has a market capitalization of $65.12 billion as of 2022 and a return on equity of 27.14%. Bengo4.com Inc is a publicly traded company listed on the Nasdaq Stock Market.
– Seek Ltd ($ASX:SEK)
Seek is an online employment marketplace. The company connects people with opportunities, helping them to find jobs, grow their careers and businesses, and improve their lives. Seek has a market cap of 7.38B as of 2022, a Return on Equity of 13.28%. The company helps people to find jobs, grow their careers and businesses, and improve their lives.
Summary
Investors may be wary of the 31.4% decrease in total revenue for ZIPRECRUITER for the 3rd Quarter of FY2023.
However, the company was able to report a 17.1% increase in net income despite the revenue decline. This suggests that the company was able to increase its efficiency and profitability. Investors must consider the long-term outlook of the company when analyzing their performance. Analysts should look at the company’s cash flow and financial health in addition to their earnings results to determine the overall health of ZIPRECRUITER.
