Cohu Stock Intrinsic Value – COHU Reports Financial Results for Second Quarter of FY2023 Ending June 30, 2023
August 28, 2023
🌥️Earnings Overview
COHU ($NASDAQ:COHU) revealed their financial results for the second quarter of FY2023, concluding on June 30 2023, with total revenue of USD 168.9 million, a 22.2% decrease from the same quarter in the prior year. Net income for the same period was USD 10.6 million, a 63.2% decrease from the same quarter of the previous year.
Price History
The stock opened at $39.1 and closed at $40.1, representing a drop by 6.3% from its last closing price of 42.8. The company’s balance sheet continued to look strong, with current assets outweighing current liabilities by a ratio of 3-to-1. Overall, it was a positive financial report from COHU for the second quarter of FY2023, which indicated the company is in good financial health and is well-positioned to capitalize on future opportunities. Investors can expect continued growth in the company’s performance in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cohu. COHU_Reports_Financial_Results_for_Second_Quarter_of_FY2023_Ending_June_30_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 746.08 | 72.78 | 10.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cohu. COHU_Reports_Financial_Results_for_Second_Quarter_of_FY2023_Ending_June_30_2023″>More…
| Operations | Investing | Financing |
| 136.69 | -51.19 | -92.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cohu. COHU_Reports_Financial_Results_for_Second_Quarter_of_FY2023_Ending_June_30_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.19k | 234.67 | 20.03 |
Key Ratios Snapshot
Some of the financial key ratios for Cohu are shown below. COHU_Reports_Financial_Results_for_Second_Quarter_of_FY2023_Ending_June_30_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.5% | -20.2% | 13.8% |
| FCF Margin | ROE | ROA |
| 16.0% | 6.8% | 5.4% |
Analysis – Cohu Stock Intrinsic Value
At GoodWhale, we thoroughly analyze the fundamentals of COHU. By applying our proprietary Valuation Line, we calculate an intrinsic value of $37.2 per share. Since the current market price of COHU is $40.1, the stock is being traded at a fair price that is overvalued by 7.8%. Therefore, investors should be aware of the potential upside and downside of investing in the stock. With a thorough understanding of the company’s fundamentals and a close eye on market trends, investors can make informed decisions about their investments in COHU. More…
Peers
The company’s products are used in the manufacturing of integrated circuits. Cohu‘s competitors include Teradyne Inc, TESEC Corp, and Micronics Japan Co Ltd.
– Teradyne Inc ($NASDAQ:TER)
With a market capitalization of 12.11 billion as of 2022, Teradyne Inc. is a leading provider of automatic testing equipment and services. The company’s return on equity of 35.51% is among the highest in the industry. Teradyne’s products are used in the manufacture of semiconductors, digital cameras, cell phones, computers, and other electronic equipment. The company’s products are also used in the testing of automotive components and systems.
– TESEC Corp ($TSE:6337)
TSMC is the world’s largest semiconductor foundry, providing advanced process technologies and manufacturing services for a broad range of customers worldwide. TSMC operates a network of eight fabrication facilities (fab), four R&D centers and two back-end assembly and test centers in Taiwan. The company also has customer service and technical support offices in the United States, Europe, Japan and China.
– Micronics Japan Co Ltd ($TSE:6871)
Micronics Japan Co Ltd is a Japanese electronics company with a market cap of 50.32B as of 2022. The company has a Return on Equity of 21.97%. Micronics Japan Co Ltd is a leading manufacturer of electronic components and semiconductors. The company’s products are used in a wide range of electronic devices, including computers, mobile phones, and home appliances.
Summary
COHU reported its second quarter financial results for the fiscal year 2023 ending June 30, 2023. Total revenue for the quarter decreased by 22.2% year-over-year to USD 168.9 million, while net income declined by 63.2% to USD 10.6 million. As a result, the stock price of COHU dropped on the same day. For investors looking to invest in COHU, it is important to consider the company’s current financial performance, as well as its future prospects.
In addition, investors should also consider the company’s competitive positioning and any potential risks associated with an investment in the company.
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