Broadwind Intrinsic Value Calculator – BROADWIND Reports FY2023 Q3 Earnings Results for Period Ending September 30, 2023
November 22, 2023
🌥️Earnings Overview
On November 13 2023, BROADWIND ($NASDAQ:BWEN) announced its earnings results for the third quarter of fiscal year 2023, which ended September 30 2023. The company reported total revenue of USD 57.2 million, a 27.5% increase from the same quarter in the previous year. Additionally, net income for the quarter was reported at USD 4.4 million, a significant improvement from the -1.8 million reported in the same quarter the year prior.
Market Price
On Monday, BROADWIND announced its fiscal year 2023 third quarter earnings results for the period ending September 30, 2023. This news sent shockwaves through the markets with the stock opening at $3.0 and closing at $2.1, leading to a plunge of 27.5% from its previous closing price of $2.8. Investors were caught off-guard by the significant drop in shares, as analysts had expected a positive shift in the market due to the progress made by BROADWIND in the past quarter. Many investors were disappointed by this news and immediately began selling off their BROADWIND stocks, leading to the sharp decline in share prices on Monday. Despite this downturn, BROADWIND’s management remains confident in the company’s long-term prospects. The company has made strides in developing innovative new technologies, such as its wind turbine blades and advanced composites which are being used in multiple applications in the energy sector.
Additionally, BROADWIND has continued to expand its customer base, both domestically and internationally. BROADWIND’s leadership hopes to turn around the company’s fortunes in the coming quarters and improve its financial performance. Management believes that with its improved offerings and expanded customer base, it will be able to capitalize on new opportunities and drive growth for the company in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Broadwind. More…
| Total Revenues | Net Income | Net Margin |
| 196.94 | 3.73 | 1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Broadwind. More…
| Operations | Investing | Financing |
| 4.32 | -5.64 | 1.55 |
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 |
| 164.6 | 110.24 | 2.54 |
Key Ratios Snapshot
Some of the financial key ratios for Broadwind are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.7% | 101.3% | 3.5% |
| FCF Margin | ROE | ROA |
| -0.7% | 8.2% | 2.6% |
Analysis – Broadwind Intrinsic Value Calculator
GoodWhale recently conducted an analysis of BROADWIND‘s financials. Our proprietary Valuation Line calculation determined that the intrinsic value of BROADWIND’s share is around $3.6. We found that currently BROADWIND’s stock is trading at around $2.1 – which means that the stock is undervalued by 41.2%. This provides an opportunity for investors to buy the stock at a discounted price and benefit from potential future upside. We believe that BROADWIND is in good shape to deliver solid performance in the future, and our analysis suggests that it may be the right time to invest in the stock. More…
Peers
Its products and services include wind turbines, gearboxes, and service and maintenance. Broadwind Inc. has a strong presence in the United States, Europe, and China. The company’s main competitors are Siemens Energy AG, Bloom Energy Corp, and Inox Wind Ltd.
– Siemens Energy AG ($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.
Summary
BROADWIND, a publicly traded company, reported strong earnings results for the third quarter of FY2023 with total revenue increasing by 27.5% year-over-year to USD 57.2 million. Net income was recorded at USD 4.4 million, an improvement from the negative earnings from the same period in the previous year. Although the financials looked promising, investors reacted negatively to the news, resulting in a decline in the company’s stock price on the day of the earnings release.
Investors might evaluate the company’s performance on a longer-term basis to assess whether BROADWIND is a suitable investment opportunity. By considering the company’s financials, management effectiveness, industry trends, and competitive landscape, investors can gain insight into the potential of BROADWIND as an investment.
