Is Nvidia Stock a Buy After Q3 Earnings?? | NVDA Stock Analysis

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엔비디아 3분기 실적에서 재고 부담과 매출 둔화가 지속됐고, 게임 부문 매출은 51% 감소, 데이터센터 부문은 31% 증가했다. 재고는 전년 대비 두 배로 늘었고 영업현금흐름은 크게 줄었다. 4분기 가이던스는 매출 60억 달러, 매출총이익률 63%로 개선이 기대되지만, 비싼 밸류에이션 때문에 지금은 매수하기 이르다는 결론이다. 1~2분기 기다리거나 주가가 10~20% 더 하락하면 매수를 고려할 수 있다고 본다.

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01. hi everyone in this video I'm going to answer the question if nvidia's stock is a buy following third quarter earnings announcement so let's look at the critical figures from the quarter to answer that question the main theme Here is that nvidia's inventory troubles persisted throughout the third quarter overall Revenue decreased by 17 percent in Q3 to 5.9 billion earnings per share decreased by 72 percent to 27 cents a share and the gross profit rate of 53.6 percent was down from 65.2 percent year over year now in and of itself these figures are not terrible but when you consider that Nvidia is selling at a valuation of a massively growing company a rapidly growing company it's valued with with a significant growth trajectory in mind and so when you're looking at the valuation and then compared to the revenue and earnings per share decreases that's kind of a a mismatch there so we'll talk about that a little more later in the video let's continue gaming segment Revenue was down 51 percent year over year to 1.57 billion of course Nvidia management always says that it's gaming segment is correlated to cryptocurrency prices because some of the same gpus that are used for gaming can also be used to mine cryptocurrencies and so as cryptocurrency prices have crashed and the desire to mine cryptocurrencies has fallen the demand from these miners to buy nvidia's gaming processing units has decreased and so this is creating pressure in its gaming segment and that's partly to blame for Revenue decreasing 51 percent year over year data segment Revenue however remains robust it was up 31 percent year over year to 3.8 billion together these two make up the bulk of its Revenue if you add them up that's close to 5.4 billion of the total five point nine billion in Revenue in the third quarter the company ended the quarter with 4.45 billion dollars in inventory which was double the 2.2 billion it had at the same time last year this is where Nvidia faces significant troubles it has this glut of inventory right at the same time that demand from end users is decreasing or declining or decelerating and this is not what investors like to see from Nvidia and Nvidia took a another markdown of its inventories uh of uh decrease in what it thinks it's going to be able to sell its inventories for here in the third quarter and that makes two consecutive Quarters at least of marking down inventories and it's uncertain whether they will have another markdown in the next quarter if the sales through isn't as robust right and of course the that's partly to blame for nvidia's cash flow from operations falling to 392 million down from 1.5 billion a year ago uh a decrease in earnings per share coupled with the rise in inventories of course the company uses cash to make inventory and so when inventory bills it's a headwind to cash flow from operations and so cash flow from operations Falls dramatically from 1.5 billion down to 392 million thankfully for Nvidia stock investors the outlook for Q4 looks better the company calls for revenue of 6 billion which would be a slight sequential increase from the 5.9 billion in the from the third quarter but the huge benefit the huge upside here was the gross profit margin is expected to be 63 percent in the fourth quarter that would be up from 53.6 percent in the third quarter and so the sequential boost in gross profit margins should flow through to the bottom line and boost profits in the fourth quarter that was the upside here from the earnings Outlook from Nvidia management so to answer the question if nvidia's stock is a buy right now I would say not yet not yet the company admittedly has leading Cutting Edge Technologies and some of the fastest growing segments in the the world however this inventory glut coupled with Revenue slowdowns coupled with its expensive valuation it's not a cheap stock means that you can wait for another quarter or two before buying nvidia's stock or maybe waiting for the price to drop another 10 to 20 percent and then it may make more sense to buy Nvidia stock so in the middle of all these troubles in the near term with several macroeconomic headwinds it's facing there is no need to rush in and buy Nvidia stock right now so I would say Nvidia stock not a buy just yet it may be over the next few months over the next few quarters but Nvidia stock is not a buy right now okay that's all I've got for this video if you've liked this video and if you've gained any value please hit the like And subscribe button it'll help me make more videos like this one thank you for watching and I'll see you next time