WISH
ContextLogic Inc. [WISH] Stock Forecast
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ContextLogic: Not Even Liquidation Can Save This Stock
An activist investor put out a letter to the board of WISH urging them to cease operations and return the cash to shareholders. We find that the net cash per share is lower than what the activist says and we believe it is not worth taking the risk. Liquidation news or a short squeeze can make the stock jump in the short-term. However, be aware of the risk associated with this trade.
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ContextLogic, Inc. (WISH) Q2 2023 Earnings Call Transcript
ContextLogic, Inc. (NASDAQ:WISH ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Ralph Fong - Head of IR Joe Yan - CEO Vivian Liu - CFO & COO Conference Call Participants Kunal Madhukar - UBS Laura Champine - Loop Capital Markets Operator Good day and thank you for standing by. Welcome to WISH's Second Quarter 2023 Earnings Conference Call.
Wish to Announce Second Quarter 2023 Results on August 3, 2023
SAN FRANCISCO, July 12, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world's largest mobile ecommerce platforms, today announced it will report its second quarter 2023 financial results after the close of market on Thursday, August 3, 2023. Wish management will host a live conference call and webcast for shareholders, analysts and portfolio managers to discuss the company's second quarter results that afternoon at 5:00 PM ET / 2:00 PM PT.
ContextLogic: Cash Shortage Looming - A Warning For Investors
I have a bearish outlook on ContextLogic Inc. due to a potential cash shortage within a year, caution against investing. Declining active buyer and monthly active user numbers contradict ContextLogic's value proposition. Bleak near-term prospects for ContextLogic with little revenue growth indicated, despite some analyst predictions.
ContextLogic: $17 Billion To A Negative Enterprise Value In Just Over 2 Years
ContextLogic has been a veritable poster child for a terrible investment. Shares have lost 99% of value since its IPO in late 2019 and it now trades at a steep discount to cash.
WISH Financial details
WISH Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 91.33 | 100.47 | 600.24 | 99.44 | 25.49 | |
| Net income per share | -10.99 | -6.82 | -175.98 | -17.22 | -17.14 | |
| Operating cash flow per share | -4.97 | -3.17 | -25.98 | -45.36 | -18.84 | |
| Free cash flow per share | -6.03 | -3.75 | -26.46 | -45.45 | -18.93 | |
| Cash per share | 51.48 | 55.18 | 502.91 | 55.28 | 32.1 | |
| Book value per share | -68.02 | -76.06 | 242.6 | 39.01 | 21.29 | |
| Tangible book value per share | -68.02 | -76.06 | 242.6 | 39.01 | 21.29 | |
| Share holders equity per share | -68.02 | -76.06 | 242.6 | 39.01 | 21.29 | |
| Interest debt per share | 0 | 44.92 | 193.7 | 18.22 | 1.25 | |
| Market cap | 11.38B | 11.38B | 2.32B | 1.96B | 327.94M | |
| Enterprise value | 10.67B | 10.68B | 389.48M | 963.19M | -165.06M | |
| P/E ratio | -54.71 | -88.22 | -3.11 | -5.42 | -0.85 | |
| Price to sales ratio | 6.59 | 5.99 | 0.91 | 0.94 | 0.57 | |
| POCF ratio | -121.07 | -189.68 | -21.06 | -2.06 | -0.78 | |
| PFCF ratio | -99.83 | -160.29 | -20.68 | -2.05 | -0.77 | |
| P/B Ratio | -8.84 | -7.91 | 2.26 | 2.39 | 0.69 | |
| PTB ratio | -8.84 | -7.91 | 2.26 | 2.39 | 0.69 | |
| EV to sales | 6.17 | 5.62 | 0.15 | 0.46 | -0.29 | |
| Enterprise value over EBITDA | -53.34 | -81.52 | -0.77 | -2.69 | 0.42 | |
| EV to operating cash flow | -113.5 | -177.98 | -3.54 | -1.01 | 0.39 | |
| EV to free cash flow | -93.58 | -150.4 | -3.48 | -1.01 | 0.39 | |
| Earnings yield | -0.02 | -0.01 | -0.32 | -0.18 | -1.17 | |
| Free cash flow yield | -0.01 | -0.01 | -0.05 | -0.49 | -1.29 | |
| Debt to equity | 0 | -0.59 | 0.8 | 0.45 | 0.03 | |
| Debt to assets | 0 | 0.62 | 0.34 | 0.29 | 0.02 | |
| Net debt to EBITDA | 3.56 | 5.36 | 3.79 | 2.77 | 1.26 | |
| Current ratio | 1.14 | 1.12 | 1.74 | 2.73 | 2.51 | |
| Interest coverage | 0 | 0 | 315.5 | -22.94 | -26.53 | |
| Income quality | 0.45 | 0.47 | 0.15 | 2.63 | 1.1 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0.03 | 0.03 | 0.12 | 0.08 | 0.2 | |
| Research and developement to revenue | 0.03 | 0.04 | 0.09 | 0.1 | 0.34 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | 0.21 | 0.18 | 0.02 | 0 | 0 | |
| Capex to revenue | -0.01 | -0.01 | 0 | 0 | 0 | |
| Capex to depreciation | -2.5 | -1.1 | -0.17 | -0.22 | -0.33 | |
| Stock based compensation to revenue | 0 | 0 | 0.15 | 0.07 | 0.13 | |
| Graham number | 129.71 | 108.02 | 980.1 | 122.94 | 90.63 | |
| ROIC | 0.19 | 0.27 | -0.34 | -0.31 | -0.79 | |
| Return on tangible assets | -0.17 | -0.09 | -0.31 | -0.28 | -0.48 | |
| Graham Net | -75.91 | -89.31 | 194 | 33.71 | 18.19 | |
| Working capital | 134M | 134M | 982M | 775M | 468M | |
| Tangible asset value | -1.29B | -1.44B | 1.03B | 818M | 477M | |
| Net current asset value | -1.38B | -1.57B | 944M | 759M | 455M | |
| Invested capital | 0 | -0.59 | 0.8 | 0.45 | 0.03 | |
| Average receivables | 0 | 94M | 89M | 50M | 15.5M | |
| Average payables | 0 | 151M | 302.5M | 250.5M | 60M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 19.64 | 18.24 | 11.92 | 2.98 | 8.95 | |
| Days payables outstanding | 172 | 140.89 | 167.28 | 25.03 | 47.77 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 18.58 | 20.01 | 30.61 | 122.65 | 40.79 | |
| Payables turnover | 2.12 | 2.59 | 2.18 | 14.58 | 7.64 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0.16 | 0.09 | -0.73 | -0.44 | -0.81 | |
| Capex per share | -1.06 | -0.58 | -0.47 | -0.1 | -0.09 |
Quarterly Fundamentals Overview
Last date of statement is 2023-06-30 for Q2
| Metric | History | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 |
|---|---|---|---|---|---|---|
| Revenue per share | 6.03 | 5.57 | 5.36 | 4.13 | 3.3 | |
| Net income per share | -4.05 | -5.53 | -4.8 | -3.66 | -3.38 | |
| Operating cash flow per share | -3.01 | -4.46 | -4.75 | -3.96 | -3.72 | |
| Free cash flow per share | -3.01 | -4.55 | -4.67 | -3.87 | -3.72 | |
| Cash per share | 42.59 | 37.31 | 31.35 | 26.97 | 22.45 | |
| Book value per share | 30.67 | 25.59 | 20.8 | 17.68 | 14.25 | |
| Tangible book value per share | 30.67 | 25.59 | 20.8 | 17.68 | 14.25 | |
| Share holders equity per share | 30.67 | 25.59 | 20.8 | 17.68 | 14.25 | |
| Interest debt per share | 0.49 | 0.22 | 1.13 | 0.3 | 8.12 | |
| Market cap | 1.07B | 493.98M | 335.74M | 311.03M | 155.62M | |
| Enterprise value | 387.2M | -82.02M | -157.26M | -48.97M | -153.38M | |
| P/E ratio | -2.96 | -1 | -0.76 | -0.91 | -0.49 | |
| Price to sales ratio | 7.96 | 3.95 | 2.73 | 3.24 | 2 | |
| POCF ratio | -15.93 | -4.94 | -3.08 | -3.38 | -1.77 | |
| PFCF ratio | -15.93 | -4.84 | -3.14 | -3.46 | -1.77 | |
| P/B Ratio | 1.56 | 0.86 | 0.7 | 0.76 | 0.46 | |
| PTB ratio | 1.56 | 0.86 | 0.7 | 0.76 | 0.46 | |
| EV to sales | 2.89 | -0.66 | -1.28 | -0.51 | -1.97 | |
| Enterprise value over EBITDA | -4.35 | 0.65 | 1.36 | 0.53 | 1.87 | |
| EV to operating cash flow | -5.78 | 0.82 | 1.44 | 0.53 | 1.74 | |
| EV to free cash flow | -5.78 | 0.8 | 1.47 | 0.54 | 1.74 | |
| Earnings yield | -0.08 | -0.25 | -0.33 | -0.27 | -0.51 | |
| Free cash flow yield | -0.06 | -0.21 | -0.32 | -0.29 | -0.57 | |
| Debt to equity | 0.02 | 0.02 | 0.03 | 0.03 | 0.57 | |
| Debt to assets | 0.01 | 0.01 | 0.02 | 0.02 | 0.33 | |
| Net debt to EBITDA | 7.64 | 4.54 | 4.25 | 3.87 | 3.77 | |
| Current ratio | 3 | 2.73 | 2.51 | 2.48 | 2.39 | |
| Interest coverage | 45.5 | 21.33 | -9 | 23.25 | 0 | |
| Income quality | 0.74 | 0.81 | 0.99 | 1.03 | 1.1 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0.23 | 0.32 | 0.24 | 0.26 | 0.28 | |
| Research and developement to revenue | 0.34 | 0.34 | 0.33 | 0.53 | 0.49 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | 0 | 0.02 | -0.02 | -0.02 | 0 | |
| Capex to revenue | 0 | -0.02 | 0.02 | 0.02 | 0 | |
| Capex to depreciation | 0 | -2 | 2 | 2 | 0 | |
| Stock based compensation to revenue | 0.22 | 0.21 | 0.15 | 0.27 | 0.19 | |
| Graham number | 52.86 | 56.41 | 47.38 | 38.14 | 32.93 | |
| ROIC | -0.13 | -0.22 | -0.23 | -0.21 | -0.16 | |
| Return on tangible assets | -0.09 | -0.14 | -0.14 | -0.12 | -0.14 | |
| Graham Net | 27.44 | 22.72 | 17.77 | 15 | 12.13 | |
| Working capital | 667M | 564M | 468M | 400M | 329M | |
| Tangible asset value | 682M | 574M | 477M | 411M | 337M | |
| Net current asset value | 654M | 553M | 455M | 389M | 318M | |
| Invested capital | 0.02 | 0.02 | 0.03 | 0.03 | 0.57 | |
| Average receivables | 13M | 12.5M | 13.5M | 9.5M | 4.5M | |
| Average payables | 47M | 55M | 54.5M | 47M | 38.5M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 8.06 | 9.36 | 10.24 | 4.69 | 4.62 | |
| Days payables outstanding | 52.83 | 55.38 | 49.18 | 48.55 | 52.26 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 11.17 | 9.62 | 8.79 | 19.2 | 19.5 | |
| Payables turnover | 1.7 | 1.63 | 1.83 | 1.85 | 1.72 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | -0.13 | -0.22 | -0.23 | -0.21 | -0.24 | |
| Capex per share | 0 | -0.09 | 0.09 | 0.09 | 0 |
WISH Frequently Asked Questions
What is ContextLogic Inc. stock symbol ?
ContextLogic Inc. is a US stock , located in San francisco of Ca and trading under the symbol WISH
Is ContextLogic Inc. buy or a sell ?
1 stock analysts have 1 predictions with a medium analyst target price of $2. The lowest prediction is $2 and the highest is $2
What is WISH stock prediction ?
What is ContextLogic Inc. stock quote today ?
ContextLogic Inc. stock price is $4.19 today.
Is ContextLogic Inc. stock public?
Yes, ContextLogic Inc. is a publicly traded company.
Company Profile
- Volume Average 875.3K
- Market Capitalization 100.12M
- Employee 495
- CEO Mr. Jun Yan
- Headquarters San Francisco,CA,US
- IPO Date 2020-12-16
-
Website
https://www.wish.com 
ContextLogic Inc. operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish, an ecommerce platform that connects users to merchants. It also provides marketplace and logistics services to merchants. The company was incorporated in 2010 and is headquartered in San Francisco, California.
