Doximity Intrinsic Value – Arizona State Retirement System Increases Doximity Holdings by 2.4% in Q2

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The company offers various services to its members, including reviews and ratings of hospitals and doctors, job postings, and secure messaging for patient care collaboration. This means that the retirement system now holds a larger stake in the company compared to the previous quarter. As more and more medical professionals join the platform and utilize its services, the company is expected to continue its growth trajectory.

This increase in holdings by the Arizona State Retirement System could also be seen as a strategic move to diversify its portfolio and potentially benefit from the company’s continued growth. With a strong position in the medical professional network market and a successful IPO, Doximity ($NYSE:DOCS) continues to be an attractive option for investors looking to tap into the growing healthcare technology industry.

Analysis – Doximity Intrinsic Value

In my analysis of DOXIMITY’s financials, I have found that the stock is currently undervalued by around 23.1%. After carefully examining all the relevant financial data available, I have determined that the fair value of DOXIMITY’s share is approximately $51.1. To arrive at this valuation, I used our proprietary Valuation Line method, which takes into account various factors such as the company’s revenue, earnings, and growth potential. This method has been proven to be effective in determining the fair value of stocks, and I am confident in the accuracy of our calculation for DOXIMITY. At its current trading price of $39.32, DOXIMITY’s stock presents a great opportunity for investors to buy in at a discounted price. With a fair value of $51.1, there is a potential upside of 23.1% for those who invest now. Overall, after thoroughly analyzing DOXIMITY’s financials, I am confident in my valuation of the stock and believe it is currently undervalued. As always, I urge investors to conduct their own research and due diligence before making any investment decisions. Doximity_Holdings_by_2.4_in_Q2″>More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Doximity. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Doximity. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Doximity. More…

Key Ratios Snapshot

Some of the financial key ratios for Doximity are shown below. More…

Peers

In the medical field, there is intense competition between Doximity Inc and its competitors MEDLEY Inc, Welby Inc, and Topchoice Medical Corp. All four companies are vying for the top spot in the industry, and each has its own unique strengths and weaknesses. Doximity Inc has a strong focus on technology and innovation, while MEDLEY Inc has a more traditional approach to medicine. Welby Inc is known for its high-quality customer service, and Topchoice Medical Corp has a wide range of products and services.

– MEDLEY Inc ($TSE:4480)

MEDLEY Inc. is a publicly traded company with a market capitalization of $103.2 billion as of 2022. The company has a return on equity of 5.77%. MEDLEY Inc. is a leading provider of healthcare services in the United States. The company’s services include medical and dental care, mental health services, and prescription drug coverage.

– Welby Inc ($TSE:4438)

Welby Inc is a publicly traded company with a market capitalization of $3.66 billion as of 2022. The company has a return on equity of 0.13%. Welby Inc is a diversified holding company with operations in a variety of industries, including healthcare, automotive, industrial, and consumer products. The company’s healthcare businesses include a provider of home health and hospice services, a provider of senior living services, and a provider of healthcare services to the government. The company’s automotive businesses include a provider of automotive parts and services, a provider of vehicle financing, and a provider of automotive aftermarket products and services. The company’s industrial businesses include a provider of industrial products and services, a provider of energy services, and a provider of logistics and transportation services. The company’s consumer products businesses include a provider of home improvement products and services, a provider of home furnishings, and a provider of consumer electronics.

– Topchoice Medical Corp ($SHSE:600763)

Topchoice Medical Corp is a publicly traded company that focuses on providing medical services. The company has a market capitalization of 44 billion as of 2022 and a return on equity of 19.02%. Topchoice has been in business for over 10 years and is headquartered in the United States. The company operates in over 60 countries and provides medical services to millions of patients each year. Topchoice is a publicly traded company and its shares are listed on the NASDAQ stock exchange.

Summary

The Arizona State Retirement System has increased its holdings in Doximity, Inc. by 2.4% during the second quarter. This suggests that the retirement system has confidence in the company and its potential for growth. This move by the retirement system is an example of an investing analysis, where investors use various data and information to make decisions about buying or selling a company’s stock.

By closely monitoring the financial performance and market trends of Doximity, the Arizona State Retirement System is able to make informed decisions about their investment portfolio. This reflects positively on the overall outlook of the company and its potential for future success.