AIT Intrinsic Stock Value – APPLIED INDUSTRIAL TECHNOLOGIES Reports Q2 FY2023 Earnings Results on December 31, 2022.
February 4, 2023
Earnings report
AIT Intrinsic Stock Value – On December 31, 2022, APPLIED INDUSTRIAL TECHNOLOGIES ($NYSE:AIT) reported their earnings results for Q2 of FY2023. APPLIED INDUSTRIAL TECHNOLOGIES is a publicly traded company that specializes in industrial products and services. It operates in a wide range of industries, including aerospace, automotive, construction, energy, and medical. The company reported total revenue of USD 80.5 million for the quarter, an increase of 41.1% compared to the same quarter last year. Net income for the quarter was USD 1060.3 million, a 20.9% increase from the prior year. The company attributed its strong performance to increased demand for its products and services, as well as improved operational efficiency.
Additionally, APPLIED INDUSTRIAL TECHNOLOGIES has been able to expand its customer base and enter into new markets, which has helped to drive up revenues. The company’s total revenue for the quarter was up 41.1% year-over-year, and its net income increased by 20.9%. This strong performance was attributed to increased demand for its products and services as well as improved operational efficiency.
Stock Price
On Thursday, December 31, 2022, APPLIED INDUSTRIAL TECHNOLOGIES reported their second-quarter fiscal year 2023 earnings results. The stock opened at $132.0 and closed at $136.4, representing a 11.4% increase from its previous closing price of $122.5. It is committed to helping its customers drive operational excellence and reduce their total cost of ownership. The stock price has been on a steady rise since the release of the earnings results, indicating investor confidence in the company’s performance. The company’s strong financial performance is attributed to its focus on customer service, innovation, and efficiency.
APPLIED INDUSTRIAL TECHNOLOGIES has been investing heavily in research and development in order to stay ahead of its competitors and develop innovative products and services for its customers. The company has also been expanding its global presence by setting up offices in various countries across the world. Overall, APPLIED INDUSTRIAL TECHNOLOGIES has had a strong quarter and is well-positioned for continued growth in the future. The company’s commitment to innovation and customer service has resulted in a strong financial performance that has been reflected in its stock price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AIT. More…
| Total Revenues | Net Income | Net Margin |
| 4.16k | 304.76 | 7.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AIT. More…
| Operations | Investing | Financing |
| 195.13 | -44.99 | -138.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AIT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.52k | 1.23k | 31.67 |
Key Ratios Snapshot
Some of the financial key ratios for AIT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.4% | 18.1% | 10.1% |
| FCF Margin | ROE | ROA |
| 4.1% | 20.9% | 10.4% |
Analysis – AIT Intrinsic Stock Value
GoodWhale has analyzed the financials of APPLIED INDUSTRIAL TECHNOLOGIES and determined its fair value to be around $105.2. This estimate is based on GoodWhale’s proprietary Valuation Line, which takes into account a company’s past and current financial performance, long-term prospects, and industry dynamics. Currently, APPLIED INDUSTRIAL TECHNOLOGIES stock is trading at $136.4, which is overvalued by 29.7%. When considering whether to invest in APPLIED INDUSTRIAL TECHNOLOGIES, investors should take into account the company’s price-to-earnings ratio, return on equity, and debt-to-equity ratio. Additionally, investors should consider the company’s growth trends, dividend yields, and cash flow projections. GoodWhale provides investors with comprehensive financial analysis and data-driven insights to help them make more informed investment decisions. Overall, considering the current market conditions and APPLIED INDUSTRIAL TECHNOLOGIES’ financials, GoodWhale’s fair value estimate of the stock is around $105.2. Investors should assess the company’s financials and outlook before deciding whether to purchase or sell shares of APPLIED INDUSTRIAL TECHNOLOGIES. More…
Peers
Applied Industrial Technologies Inc is in competition with Wajax Corp, Ohashi Technica Inc, and TAT Technologies Ltd. All four companies are vying for market share in the industrial technologies sector. Applied Industrial Technologies Inc has a strong history of innovation and customer service, which gives it a competitive advantage.
– Wajax Corp ($TSX:WJX)
Wajax is a leading provider of industrial products and services in Canada. With over 100 locations across the country, Wajax serves a wide range of customers in the mining, oil and gas, forestry, construction, transportation, manufacturing, industrial and municipal sectors. The company has a long history of providing quality products and services, and is dedicated to providing its customers with the best possible experience. Wajax has a market cap of 378.35M as of 2022, and a Return on Equity of 15.27%.
– Ohashi Technica Inc ($TSE:7628)
Ohashi Technica Inc is a Japanese company that manufactures and sells machinery and equipment. It has a market capitalization of 18.92 billion as of 2022 and a return on equity of 4.44%. The company’s products include lathes, machining centers, grinders, and other machine tools. It also offers engineering services such as design, development, and consultation.
– TAT Technologies Ltd ($NASDAQ:TATT)
TAT Technologies Ltd is an aerospace and defense company that provides products and services to the aviation, aerospace, and defense industries. The company has a market cap of $56.27 million and a return on equity of -3.57%. TAT Technologies Ltd provides products and services to the aviation, aerospace, and defense industries. The company designs, manufactures, repairs, and overhauls aircraft components and systems. It also provides engineering, technical, and aftermarket services.
Summary
APPLIED INDUSTRIAL TECHNOLOGIES (AIT) is a company worth looking into for potential investors. Its recent earnings report for Q2 of FY2023 revealed strong revenue and net income growth, with total revenue of USD 80.5 million, representing an increase of 41.1% from the same quarter last year, and net income of USD 1060.3 million, a 20.9% increase from the prior year. These impressive figures show that AIT is in a healthy financial position and has promising growth prospects. Investors should consider several factors when deciding whether to invest in AIT. Firstly, they should look at the company’s overall financial performance, including its revenue, net income, and other metrics such as cash flow. Secondly, they should consider the industry in which AIT operates and factors such as customer demand and competitive pressures.
Thirdly, investors should analyze the company’s management team and its strategy for future growth. Finally, investors should consider the company’s risk profile, including its debt levels and exposure to volatile markets. Overall, AIT is an attractive investment for those looking for a reliable source of income and strong potential for long-term growth. With its strong financial performance and strategic approach to business, AIT is well positioned to continue to deliver solid returns for investors in the years to come.
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