Dave Inc.
Find Ratings ReportsDAVE INC's gross profit margin for the third quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. DAVE INC is extremely liquid. Currently, the Quick Ratio is 7.65 which clearly shows the ability to cover any short-term cash needs. DAVE managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
At the same time, stockholders' equity ("net worth") has significantly decreased by 35.74% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 65.81 | 56.81 |
EBITDA ($mil) | -9.21 | -35.54 |
EBIT ($mil) | -10.57 | -37.92 |
Net Income ($mil) | -12.05 | -47.5 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 169.83 | 223.88 |
Total Assets ($mil) | 294.45 | 334.23 |
Total Debt ($mil) | 180.27 | 167.44 |
Equity ($mil) | 79.18 | 123.23 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 31.43 | 12.15 |
EBITDA Margin | -13.99 | -62.56 |
Operating Margin | -16.07 | -66.76 |
Sales Turnover | 0.83 | 0.0 |
Return on Assets | -23.83 | 0.0 |
Return on Equity | -88.64 | 0.0 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 7.98 | 5.1 |
Debt/Capital | 0.69 | 0.58 |
Interest Expense | 3.06 | 2.4 |
Interest Coverage | -3.46 | -15.78 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 12.1 | 11.81 |
Div / share | 0.0 | 0.0 |
EPS | -1.01 | -4.16 |
Book value / share | 6.54 | 10.43 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 95006.0 | 16414.0 |
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. Conducting a second comparison, its price-to-book ratio of 5.38 indicates a premium versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 9.55. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, DAVE INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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DAVE NM | Peers 61.20 | DAVE 29.97 | Peers 28.25 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. DAVE's P/E is negative making this valuation measure meaningless. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. DAVE is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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DAVE NA | Peers 18.10 | DAVE NA | Peers 0.46 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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DAVE 5.38 | Peers 9.55 | DAVE 37.30 | Peers 211.27 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. DAVE is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, DAVE is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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DAVE 1.73 | Peers 6.93 | DAVE 69.22 | Peers 11.39 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. DAVE is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. DAVE has a sales growth rate that significantly exceeds its peers. |
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