Ziprecruiter Stock Intrinsic Value – ZIPRECRUITER Reports Second Quarter Earnings Results for FY2023
August 11, 2023
🌥️Earnings Overview
On August 8 2023, ZIPRECRUITER ($NYSE:ZIP) reported its earnings results for the second quarter of FY2023, which ended on June 30 2023. Total revenue for the quarter was USD 170.4 million, a decrease of 29.0% from the same quarter the previous year; whereas net income rose by 9.7% year-over-year to USD 14.4 million.
Price History
ZIPRECRUITER stock opened at $16.9 and closed at $17.4, up by 1.9% from their previous closing price of $17.1. This increase in revenue and members is a strong sign for the company and reflects the success of their new product offerings. CEO Joe DeSena said in a statement that “We are thrilled to report another strong quarter of growth for ZIPRECRUITER. Our product offerings are resonating with both job seekers and employers and we are continuing to expand our reach worldwide.” 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 |
| 791.62 | 59.36 | 7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ziprecruiter. More…
| Operations | Investing | Financing |
| 113.16 | -262.24 | -312.18 |
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 |
| 634.21 | 660.06 | -0.26 |
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% | – | 13.5% |
| FCF Margin | ROE | ROA |
| 12.8% | -449.1% | 10.5% |
Analysis – Ziprecruiter Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of ZIPRECRUITER‘s fundamentals. Our proprietary Valuation Line came up with a fair value of $23.4 for the ZIPRECRUITER share. However, currently the stock is traded at $17.4, which is 25.5% lower than its fair value. This presents an opportunity to buy the stock at a bargain price. We feel that investors should take advantage of this opportunity and buy the stock now to gain long-term returns. More…
Peers
Its competitors include CrowdWorks Inc, Bengo4.com Inc, and Seek Ltd.
– CrowdWorks Inc ($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 want to consider the latest financial results of ZipRecruiter for the second quarter of FY2023 ending June 30. ZipRecruiter’s total revenue decreased by 29% from the same quarter a year ago, however net income rose by 9.7%. This could indicate that the company is able to control costs while increasing profitability. Investors should further analyze ZipRecruiter’s financials in order to gain a deeper understanding of its current performance.
Additionally, investors should also pay attention to the company’s competitive landscape, product offerings, and long-term growth prospects before making an informed investment decision.
Related Posts
Recent Posts
