Hurco Companies Intrinsic Stock Value – HURCO COMPANIES Reports 7.7% Decrease in Q3 Earnings for FY2023
September 13, 2023
🌥️Earnings Overview
On July 31st, 2023, HURCO COMPANIES ($NASDAQ:HURC) reported their Q3 FY2023 earnings results, resulting in total revenue of USD 53.2 million, a 7.7% decrease from the same period in the prior year. Net income for the quarter was USD 0.26 million, a 79.0% decrease from the year before.
Analysis – Hurco Companies Intrinsic Stock Value
GoodWhale has analyzed HURCO COMPANIES‘s financials and calculated their intrinsic value to be around $23.3. This is based on our proprietary Valuation Line which looks at a variety of factors such as price to earnings, price to book value, and cash flow. Currently, HURCO COMPANIES stock is traded for $21.1, making it a fair price which is undervalued by 9.4%. This may be an attractive opportunity for investors looking to get into the stock at a discounted price. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hurco Companies. More…
| Total Revenues | Net Income | Net Margin |
| 225.16 | 3.37 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hurco Companies. More…
| Operations | Investing | Financing |
| -19.31 | -2.09 | -6.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hurco Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 303.22 | 77.42 | 34.94 |
Key Ratios Snapshot
Some of the financial key ratios for Hurco Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.5% | -17.3% | 2.4% |
| FCF Margin | ROE | ROA |
| -9.7% | 1.5% | 1.1% |
Peers
The competition between Hurco Companies Inc and its competitors, Takisawa Machine Tool Co Ltd, Goodway Machine Corp, and Awea Mechantronic Co Ltd, is fierce and ongoing. All companies are driven to develop innovative products and services that set them apart from the pack. As each business strives to stay ahead of the competition, customers benefit from a wide range of products and services that meet their needs.
– Takisawa Machine Tool Co Ltd ($TSE:6121)
Takisawa Machine Tool Co Ltd is a Japanese company that produces and sells machine tools and other related equipment. The company has a market capitalization of 6.82 billion as of 2023, which is a measure of the company’s size and market value. Additionally, the Return on Equity (ROE) of 6.38%, which is a measure of how efficiently the company uses its shareholders’ equity to generate profits, is also impressive. This indicates that Takisawa Machine Tool Co Ltd is a strong, well-run business.
– Goodway Machine Corp ($TWSE:1583)
Goodway Machine Corp is a leading manufacturer of high-precision machining solutions and automated assembly solutions. The company has a market capitalization of 6.8 billion dollars as of 2023, indicating strong investor confidence in the company’s products and performance. Furthermore, Goodway Machine Corp has a return on equity of 14.85%, demonstrating their capability to utilize shareholders’ equity to generate profits. This high ROE demonstrates the company’s strong ability to generate profits from each dollar of equity invested.
– Awea Mechantronic Co Ltd ($TWSE:1530)
Awea Mechantronic Co Ltd is a Taiwanese company that specializes in the production of advanced machinery and automation equipment for industrial, commercial, and consumer use. As of 2023, the company has a market cap of 3.01 billion dollars and a return on equity of 10.14%. This indicates that the company is doing well financially, as the market cap is indicative of the company’s overall value and the ROE is an indication of how efficiently the company is utilizing its assets. The high market cap and ROE demonstrate that Awea Mechantronic Co Ltd has strong potential to continue to be successful in the years to come.
Summary
HURCO COMPANIES recently reported their Q3 earnings for FY2023, with total revenue of USD 53.2 million and a net income of USD 0.26 million. These figures showed a 7.7% decrease in revenue and a 79.0% drop in net income compared to the same period in the previous year. In response to the news, the stock price dropped on the same day. Investors should assess this data carefully when considering investing in HURCO COMPANIES, as it indicates a lower level of profitability for the company.
Additionally, a thorough research of the company’s financial statements and market trends should be conducted before making any investments.
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