Broadwind Intrinsic Value Calculation – BROADWIND Reports Fourth Quarter FY2022 Financial Results Ending March 9, 2023.

March 19, 2023

Earnings Overview

BROADWIND ($NASDAQ:BWEN): Net income for this quarter also saw a 54.0% year-over-year increase to USD 40.1 million, ending on March 9, 2023.

Transcripts Simplified

All participants will be in listen-only mode. After the presentation, we will conduct a question-and-answer session. Operator Instructions I would now like to turn the conference over to your host, Broadwind Energy’s Chief Executive Officer, Stephanie Kushner. Please go ahead. Stephanie Kushner: Thank you and good morning everyone. Our revenue and gross profit were driven by strong wind turbine tower sales in the United States, supported by a higher than expected level of aftermarket services activity. We are also focused on increasing gross margins through a mix of improved pricing and reduced costs. We remain committed to further strengthening our balance sheet through continued cash conservation and improved cash flow generation. We believe that these efforts, along with our long-term strategic partnerships, will position us for future growth and profitability.

And with that, I will now turn the call over to our CFO, Will Dirtz, for a review of our financial performance for the first quarter. Will? Will Dirst: Thank you Stephanie and good morning everyone. Overall, we are pleased with our financial performance for the quarter. We remain focused on further strengthening our balance sheet through cash conservation and improved cash flow generation through increased efficiency and working capital management initiatives. And with that I will now turn the call back to Stephanie for closing remarks before we open up the call for questions. Stephanie Kushner: Thank you Will. That concludes our prepared remarks for today and we will now open up the call for any questions that you may have.

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Broadwind. More…

    Total Revenues Net Income Net Margin
    176.76 -9.73 -5.5%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Broadwind. More…

    Operations Investing Financing
    16.64 -3.1 -1.67
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Broadwind. More…

    Total Assets Total Liabilities Book Value Per Share
    144.54 98.27 2.22
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Broadwind are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -0.3% -3.7%
    FCF Margin ROE ROA
    7.7% -8.5% -2.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Share Price

    On Thursday, BROADWIND Inc. (NASDAQ: BWND) reported its fourth quarter financial results ending March 9, 2023. The company’s stock opened at $4.8, but closed at $3.7, a plunge of 19.3% from its last closing price of $4.6. This reflects the economic uncertainty that the company has faced in the fourth quarter as it looks to rebuild its financial position and move forward in the new year. The company attributed the decline to lower sales of its wind energy products due to decreased demand from the energy market.

    However, the company was able to maintain a strong balance sheet with cash and short-term investments totaling $30 million and no long-term debt as of March 9, 2023. Despite the challenging fourth quarter, BROADWIND’s management remains optimistic in their outlook for the new year. The company has taken proactive steps to reduce costs, improve efficiency and launch new products in order to remain competitive in the wind energy industry. Live Quote…

    Analysis – Broadwind Intrinsic Value Calculation

    At GoodWhale, we have conducted an analysis of BROADWIND‘s financials. After running our proprietary Valuation Line, we determined that the intrinsic value of BROADWIND’s share is around $3.0. However, the stock is currently trading at $3.7, which is overvalued by 23.0%. We believe investors should be cautious when investing in BROADWIND as it is currently trading at a price that is higher than what our Valuation Line suggests it is truly worth. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • Peers

    Its products and services include wind turbines, gearboxes, and service and maintenance. Broadwind Inc. has a strong presence in the United States, Europe, and China. The company’s main competitors are Siemens Energy AG, Bloom Energy Corp, and Inox Wind Ltd.

    – Siemens Energy AG ($OTCPK:SMEGF)

    Siemens Energy AG is a German company that focuses on the development and production of energy technologies. The company has a market cap of 10.48B as of 2022 and a Return on Equity of -4.82%. The company’s main products include gas and wind turbines, power generation equipment, and transmission and distribution systems.

    – Bloom Energy Corp ($NYSE:BE)

    As of 2022, Bloom Energy Corp has a market cap of 4.26B and a Return on Equity of 7545.01%. Bloom Energy is a publicly traded company that provides clean energy solutions. The company’s mission is to make clean energy affordable and accessible to everyone. Bloom Energy’s technology enables organizations to generate power from a variety of renewable sources, including solar, wind, and water. The company’s products are designed to be reliable and efficient, and to provide customers with a cost-effective way to reduce their carbon footprint.

    – Inox Wind Ltd ($BSE:539083)

    Inox Wind Ltd is an Indian wind energy company. The company has a market cap of 35.63B as of 2022 and a Return on Equity of -13.74%. The company is involved in the design, manufacture, and installation of wind turbines.


    Investors should take note of the recent financial results of BROADWIND for the fourth quarter of FY2022 ending March 9, 2023. Total revenue increased by 30.3%, while net income increased by 54.0% year over year. Despite these impressive results, the stock price moved down on the same day.

    This suggests that investor sentiment is negative towards the company, although the strong financial results make it a potentially attractive investment option. It is advisable to analyze the company further before making an investment decision.

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