Sterling Check Intrinsic Value Calculation – Sterling Check Offers 8 Million Shares in Secondary Public Offering
June 26, 2023
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Sterling Check ($NASDAQ:STER), a financial services company, has announced the launch of a secondary public offering of 8 million shares. This offering is designed to further increase the company’s liquidity and to provide additional resources for its ongoing operations. Sterling Check’s stock is listed on the New York Stock Exchange and its shares have been traded actively in the past, often reaching multi-year highs. The company is engaged in a wide range of financial services, including loans, deposits, and investments.
It also provides insurance products to clients. Sterling Check has a long track record of success in the financial services industry and has been profitable for many years.
Price History
This was met with a favorable reaction from investors as the company’s stock opened at $14.6 and closed at $15.1, up by 3.1% from the last closing price of 14.7. The offering is expected to bring in a significant amount of capital that can be used to fuel the company’s growth and development. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sterling Check. More…
| Total Revenues | Net Income | Net Margin |
| 754.08 | 13.77 | 2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sterling Check. More…
| Operations | Investing | Financing |
| 112.1 | -67.96 | -34.55 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sterling Check. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.41k | 679.78 | 7.47 |
Key Ratios Snapshot
Some of the financial key ratios for Sterling Check are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.5% | – | 6.8% |
| FCF Margin | ROE | ROA |
| 12.3% | 4.4% | 2.3% |
Analysis – Sterling Check Intrinsic Value Calculation
At GoodWhale, we recently conducted an analysis of STERLING CHECK‘s financials. Our proprietary Valuation Line allowed us to determine that the fair value of STERLING CHECK’s stock is around $19.0. However, the current stock price is at $15.1, meaning that it is currently trading at a 20.7% discount. This presents an opportunity to investors who can take advantage of the stock’s undervalued price. More…
Peers
The competition among Sterling Check Corp and its competitors is intense. Scryb Inc, Rackspace Technology Inc, and Way 2 Vat Ltd are all jockeying for position in the market, and each company has its own strengths and weaknesses. Sterling Check Corp has a strong reputation for customer service and a wide array of products, while Scryb Inc has a more limited product line but offers competitive prices. Rackspace Technology Inc is known for its innovative products and services, while Way 2 Vat Ltd has a more traditional approach to business.
– Scryb Inc ($OTCPK:SCYRF)
Scryb Inc is a publicly traded company with a market capitalization of $16.73 million as of 2022. The company has a negative return on equity of 105.94%. Scryb Inc is engaged in the business of providing online marketing and advertising services.
– Rackspace Technology Inc ($NASDAQ:RXT)
Rackspace Technology, Inc. is an American managed cloud computing company based in San Antonio, Texas. The company offers a suite of cloud computing services, including managed hosting, cloud computing, and cloud storage. Rackspace was founded in 1998 and went public in 2008. As of 2018, it employed over 4,000 people.
– Way 2 Vat Ltd ($ASX:W2V)
Way 2 Vat Ltd is a company that provides VAT services. It has a market cap of 4.83M as of 2022. The company was founded in 2006 and is headquartered in London, United Kingdom.
Summary
STERLING CHECK, a financial services company, recently launched a secondary public offering of 8 million shares. This move is seen as a positive one by the financial market, as the stock price moved up the same day. Analysts suggest that this move will benefit the company in the long run, while helping it to further expand its business operations. Investing in STERLING CHECK can potentially reward investors with solid medium-term returns, given the company’s strong track record of financial soundness and solid management teams.
However, investors should still conduct their own research before making any decisions. It is important to consider market trends and evaluate the potential risks associated with an investment in STERLING CHECK.
