AEIS Stock Fair Value Calculator – Advanced Energy Industries Reports Fourth Quarter Earnings Results for FY2022
February 22, 2023
Earnings Overview
On February 8, 2023, ADVANCED ENERGY INDUSTRIES ($NASDAQ:AEIS) released its financial results for the fourth quarter of FY2022, which concluded on December 31, 2022. The company saw a 10.3% rise in total revenue, compared to the same quarter the year before, amounting to USD 43.7 million. Net income for the quarter was also up 23.6% from the previous year, reaching USD 490.7 million.
Transcripts Simplified
Advanced Energy Industries reported fourth quarter revenue of $491 million, an EPS of $1.70, and a record 2022. Revenue in the semiconductor market was up 30% year-over-year, while industrial and medical market revenue was up 21%. Data center computing revenue was up 18% year-over-year and 8% sequentially. Gross margin was 36.6%, down 90 basis points from last quarter due to unfavorable revenue mix and higher material costs.
Operating expenses were $101 million, up slightly from last quarter, mainly due to timing of programs and infrastructure investments. Operating margin for the quarter was 16%.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AEIS. More…
| Total Revenues | Net Income | Net Margin |
| 1.85k | 199.66 | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AEIS. More…
| Operations | Investing | Financing |
| 183.59 | -208.27 | -61.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AEIS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.99k | 925.9 | 26.46 |
Key Ratios Snapshot
Some of the financial key ratios for AEIS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.7% | 59.2% | 13.0% |
| FCF Margin | ROE | ROA |
| 6.8% | 14.6% | 7.5% |
Price History
The stock opened at $96.1 and closed at $97.2, down by 0.4% from its prior closing price of 97.7. Revenue declined primarily due to a decrease in the demand for power and gas flow control products used in upstream markets, as well as reduced shipments of industrial capital equipment and services to semiconductor customers. Overall, AEI has been able to remain profitable in the face of an uncertain market as a result of their focus on efficiency and cost cutting initiatives. As the economy begins to recover and demand for their products returns, Advanced Energy Industries will be well-positioned to capitalize on the opportunity and drive long-term growth. Live Quote…
Analysis – AEIS Stock Fair Value Calculator
At GoodWhale, we have been crunching the numbers on ADVANCED ENERGY INDUSTRIES and are thrilled to bring you a comprehensive overview of the company’s fundamentals. Based on our proprietary Valuation Line, the intrinsic value of an ADVANCED ENERGY INDUSTRIES share is around $107.1. Currently, the stock is being traded at $97.2, which translates to a fair but undervalued price of 9.2%. Therefore, if you’re looking for a great investment opportunity, ADVANCED ENERGY INDUSTRIES might just be it. More…
Peers
The competition between Advanced Energy Industries Inc and its competitors is fierce. All of the companies are vying for market share in the highly competitive solar industry. Advanced Energy Industries Inc has a strong product portfolio and a strong presence in the market.
However, its competitors are also strong and have their own strengths.
– Hiwin Mikrosystem Corp ($TWSE:4576)
Hiwin Mikrosystem Corp is a technology company that specializes in the manufacture of micro-precision products and components. The company has a market cap of 7.85 billion as of 2022 and a return on equity of 8.73%. Hiwin Mikrosystem Corp is a publicly traded company listed on the Taiwan Stock Exchange. The company’s products are used in a variety of industries including automotive, aerospace, electronics, and medical.
– Kinergy Corp Ltd ($SEHK:03302)
Kinergy Corp. Ltd., through its subsidiaries, engages in the exploration and production of oil and gas in the United States. The company was founded in 2004 and is headquartered in Perth, Australia.
– Sinfonia Technology Co Ltd ($TSE:6507)
Sinfonia Technology Co., Ltd. is a Japanese company that manufactures and sells electronic and electrical products. It has a market capitalization of 38.5 billion as of 2022 and a return on equity of 11.24%. The company’s products include semiconductors, printed circuit boards, and electronic components. It also provides contract manufacturing services.
Summary
Advanced Energy Industries reported strong fourth quarter earnings for FY2022, with total revenue of USD 43.7 million, a 10.3% year-on-year increase, and net income of USD 490.7 million, a 23.6% increase from the same period last year. This suggests that Advanced Energy Industries is growing in a healthy and profitable manner, which provides an attractive opportunity for investors. The company’s impressive financial results coupled with its competitive position in its industry makes it an attractive choice for investors looking to build a portfolio of energy stocks.
In addition, the company has a strong balance sheet and a well-diversified portfolio of products and services that should continue to fuel growth. With this promising outlook, now could be the right time to consider investing in Advanced Energy Industries.
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