Faro Technologies Intrinsic Value Calculator – FARO TECHNOLOGIES Reports 10.4% Increase in Q2 Earnings, Totalling USD 88.2 Million
August 15, 2023
☀️Earnings Overview
On August 2 2023, FARO TECHNOLOGIES ($NASDAQ:FARO) stated that their total revenue for the second quarter of fiscal year 2023 was USD 88.2 million, 10.4% higher than the same period in the previous year. The net income for the quarter was USD -28.2 million, an increase from the -8.6 million reported in Q2 of FY2022.
Analysis – Faro Technologies Intrinsic Value Calculator
GoodWhale has conducted a fundamental analysis of FARO TECHNOLOGIES. Our proprietary Valuation Line gives an intrinsic value of around $39.8 for FARO TECHNOLOGIES’s stock. This means that the stock is currently undervalued by 59.8%, as it is currently being traded at $16.0. This provides an excellent opportunity to buy FARO TECHNOLOGIES’s stock and benefit from potential price appreciation as the market corrects itself in the near future. Investors should also take into account the other aspects of FARO TECHNOLOGIES when making their investment decisions. This includes its financial performance, management, competitive landscape, market conditions and other risk factors. By doing a thorough analysis of all these factors, investors will be able to make an informed decision about whether to invest in FARO TECHNOLOGIES or not. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Faro Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 362.37 | -57.9 | -14.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Faro Technologies. More…
| Operations | Investing | Financing |
| -34.8 | -68.82 | 72.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Faro Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 502.28 | 231 | 14.32 |
Key Ratios Snapshot
Some of the financial key ratios for Faro Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.7% | -24.0% | -10.3% |
| FCF Margin | ROE | ROA |
| -14.0% | -8.2% | -4.7% |
Peers
The company’s products are used in a variety of industries, including manufacturing, aerospace and defense, medical, architecture and construction. Faro’s competitors include Cognex Corp, Jemtec Inc, NeXR Technologies SE.
– Cognex Corp ($NASDAQ:CGNX)
Cognex Corp. is a technology company that specializes in the development and manufacture of industrial machine vision products. These products are used in a variety of industries for applications such as detecting defects on production lines, verifying product assembly, and guiding robotic arms. The company has a market capitalization of $7.97 billion as of 2022 and a return on equity of 19.42%.
– Jemtec Inc ($TSXV:JTC)
Jemtec Inc is a market leader in providing innovative technology solutions. The company has a strong focus on research and development, which has resulted in a number of industry-leading products and services. Jemtec’s return on equity is impressive, indicating that the company is effectively using its shareholder capital. Jemtec’s market capitalization is also robust, indicating that the company is well-positioned to continue its growth trajectory.
– NeXR Technologies SE ($LTS:0R8A)
Nextera Technologies SE is a publicly traded company with a market capitalization of 4.82 million as of 2022. The company has a return on equity of 62.16%. Nextera Technologies SE is engaged in the development, manufacture, and sale of software solutions and services. The company’s products and services include enterprise software solutions, cloud-based solutions, and services.
Summary
Investors are assessing the earnings report of FARO Technologies for FY2023 Q2, which showed an increase of 10.4% in total revenue compared to the same period last year, however net income for the quarter was a loss of -28.2 million. The stock price reacted negatively to the earnings report, signaling that investors are not convinced of the company’s prospects. Analysts will be looking at factors such as the company’s competitive position, its financial strength and other measures of performance to determine how to best invest in FARO Technologies. Investors should also consider the company’s long-term outlook as well as potential risks and rewards associated with any investment.
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