Daktronics Intrinsic Value Calculator – DAKTRONICS Reports Q4 FY2023 Earnings Results on April 30, 2023

🌥️Earnings Overview

On April 30, 2023, DAKTRONICS ($NASDAQ:DAKT) released their Q4 FY2023 financials for the year ending on that same day. They reported total revenue of USD 209.9 million, a 29.4 % increase from the same quarter in 2022. Additionally, net income was reported at USD 21.4 million, a major jump from the -1.1 million reported in the same quarter of the prior year.

Stock Price

On April 30, 2023, DAKTRONICS reported its fourth quarter earnings results for the fiscal year 2023. On Wednesday, DAKTRONICS stock opened at $7.1 and closed at $7.3, a 20.0% increase from the previous closing price of $6.1. Investors responded positively to DAKTRONICS’ strong financial results and dividend announcement, pushing the stock higher over the course of the trading day. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Daktronics. DAKTRONICS_Reports_Q4_FY2023_Earnings_Results_on_April_30_2023″>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Daktronics. DAKTRONICS_Reports_Q4_FY2023_Earnings_Results_on_April_30_2023″>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Daktronics. DAKTRONICS_Reports_Q4_FY2023_Earnings_Results_on_April_30_2023″>More…

Key Ratios Snapshot

Some of the financial key ratios for Daktronics are shown below. DAKTRONICS_Reports_Q4_FY2023_Earnings_Results_on_April_30_2023″>More…

Analysis – Daktronics Intrinsic Value Calculator

We recently conducted an analysis of DAKTRONICS‘s wellbeing and the results showed that their stocks were currently overvalued by 25.8%. According to our proprietary Valuation Line, the fair value of DAKTRONICS’s shares is around $5.8, while they are currently being traded at around $7.3. This means that investors are potentially overpaying for their shares. We recommend that they reconsider their investment decision before making any further investments. More…

Peers

In the world of electronic displays and control systems, there is intense competition between a handful of major companies. Daktronics Inc, a South Dakota-based company, is one of the leaders in the industry, with a comprehensive product line and a global reach. Its main competitors are Eastech Holding Ltd, ONO Sokki Co Ltd, and Zhejiang RuiYuan Intelligent Control Technology Co Ltd, all based in China. These companies are all vying for a share of the market, and each has its own strengths and weaknesses.

– Eastech Holding Ltd ($TWSE:5225)

Eastech Holding Ltd is a Singapore-based investment holding company. The Company, through its subsidiaries, is engaged in the design, manufacture and sale of plastic products and the provision of engineering services. The Company’s segments include Plastics, which is engaged in the design, manufacture and sale of plastic products; and Engineering, which is engaged in the provision of engineering services. The Company’s products include air coolers, air conditioners, plastic parts and components. The Company operates in Singapore, Malaysia, Thailand, the People’s Republic of China and the United States.

– ONO Sokki Co Ltd ($TSE:6858)

Nihon Sokki Co Ltd is a Japanese company that manufactures and sells scientific and industrial instruments. The company has a market cap of 3.98B as of 2022 and a return on equity of -1.71%. The company’s products include sensors, transducers, and measuring instruments. Nihon Sokki is a publicly traded company on the Tokyo Stock Exchange.

– Zhejiang RuiYuan Intelligent Control Technology Co Ltd ($SEHK:08249)

Zhejiang RuiYuan Intelligent Control Technology Co Ltd has a market cap of 42.5M as of 2022, a Return on Equity of -2.85%. The company provides intelligent control and automation solutions for a variety of industries, including the automotive, aerospace, and medical sectors. Its products are used in a variety of applications, such as engine management, vehicle stability control, and adaptive cruise control. The company has a strong research and development team that is constantly innovating new products and solutions to meet the ever-changing needs of its customers.

Summary

DAKTRONICS recently reported their earnings results for Q4 of FY2023, showing good growth in both revenue and net income. Revenue for the quarter reached USD 209.9 million, a significant increase of 29.4% from the same quarter of the previous year. Net income was also up significantly, coming in at USD 21.4 million compared to the -1.1 million it reported in the same quarter of the previous year. This positive financial performance saw the stock price rise on the same day, making DAKTRONICS an attractive investment opportunity for investors looking for good returns.