Applied Materials Intrinsic Value Calculator – APPLIED MATERIALS Reports Third Quarter FY2023 Earnings Results on August 17, 2023
August 22, 2023
🌥️Earnings Overview
APPLIED MATERIALS ($NASDAQ:AMAT) reported their third-quarter FY2023 earnings results on July 31, 2023. Total revenue for the quarter was USD 6.4 billion, a 1.5% decline from the same period in FY2022. Net income for the quarter was USD 1.6 billion, a 3.1% decrease from the year prior.
Market Price
On Thursday, August 17th, 2023, APPLIED MATERIALS reported their earnings results for the third quarter of Fiscal Year 2023. The stock opened at $139.2 and closed at $137.6, a 0.5% decrease from the previous day’s closing price of $138.2. This is the first decrease in value for the company since its strong second quarter earnings report back in June. Investors are now eagerly awaiting more details on the quarterly numbers from APPLIED MATERIALS to get a better picture of the company’s performance over the past three months.
The financial results from the quarter will likely be compared to those of other companies in the same industry to get an idea of how APPLIED MATERIALS is stacking up against its competitors. Analysts and investors are closely watching APPLIED MATERIALS as they look for clues about how the company is doing in terms of revenue, profits, market share, and other key performance indicators. With their third quarter earnings report set to be released soon, investors will have a better picture of the company’s standing and what their future prospects look like. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Applied Materials. More…
| Total Revenues | Net Income | Net Margin |
| 26.54k | 6.44k | 24.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Applied Materials. More…
| Operations | Investing | Financing |
| 8k | -1.24k | -3.69k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Applied Materials. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 30.41k | 15.32k | 16.83 |
Key Ratios Snapshot
Some of the financial key ratios for Applied Materials are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.7% | 24.8% | 29.1% |
| FCF Margin | ROE | ROA |
| 26.3% | 34.2% | 15.9% |
Analysis – Applied Materials Intrinsic Value Calculator
At GoodWhale, we’ve been analyzing APPLIED MATERIALS‘s financials and have come to a few key conclusions. According to our proprietary Valuation Line, the intrinsic value of a single APPLIED MATERIALS share is currently estimated to be around $138.3. Considering the current share price of $137.6, we believe this is a fair price point for potential investors. More…
Peers
Applied Materials, Inc. and its competitors, Lam Research Corporation, KLA Corporation, and ASML Holding NV, compete in the semiconductor equipment industry. This industry is capital intensive, with high barriers to entry. The four companies have similar business models, but Applied Materials has a slight edge in terms of market share.
– Lam Research Corp ($NASDAQ:LRCX)
Lam Research Corporation is a company that manufactures semiconductor processing equipment. It is headquartered in Fremont, California, and has been in business since 1980. The company has a market capitalization of $51.81 billion as of 2022 and a return on equity of 54.63%. Lam Research Corporation is a leading supplier of wafer processing equipment to the semiconductor industry. The company’s products are used in the manufacturing of integrated circuits (ICs), which are the tiny electronic components that are found in everything from computers to cell phones. Lam Research Corporation’s products are used in all stages of IC production, from the initial deposition of materials on the wafer to the final etching of the completed circuits.
– KLA Corp ($NASDAQ:KLAC)
KLA Corp is a leader in process equipment and services for the semiconductor and nanoelectronics industries. The company has a market cap of $43.23 billion and a return on equity of 126.76%. KLA Corp provides products and services that enable the manufacturing of advanced semiconductor chips. The company’s products are used by customers in the fab process of making chips, including etching, metrology, and inspection. KLA Corp’s services enable customers to optimize their productivity and yield. The company has a strong history of innovation and is a trusted partner to the world’s leading chipmakers.
– ASML Holding NV ($NASDAQ:ASML)
ASML Holding NV is a technology company that manufactures semiconductor processing equipment, which is used in the production of integrated circuits (ICs). ASML’s products are used by customers in the computer, communications, and consumer electronics industries. The company has a market cap of 187.16B as of 2022 and a return on equity of 39.55%. ASML is headquartered in the Netherlands and has offices in Europe, the United States, Asia, and Japan.
Summary
Investors in Applied Materials should be aware of its third quarter FY2023 earnings results. Total revenue was USD 6.4 billion, a 1.5% decrease from the same period in the previous year. Net income was USD 1.6 billion, a 3.1% decrease from the year before. This suggests that the company has not been able to keep up with market performance in the past quarter.
Investors should carefully consider whether Applied Materials is a safe bet in order to gain long-term returns or if the company’s stock is better sold off. Analysts and investors should keep a close eye on Applied Materials’ balance sheet and financial performance over the coming quarters to gain further insight into the company’s financial position.
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