Hurco Companies Intrinsic Value Calculator – HURCO COMPANIES Reports Q3 Earnings Results for FY2023
September 10, 2023
🌥️Earnings Overview
On September 8 2023, HURCO COMPANIES ($NASDAQ:HURC) reported their FY2023 Q3 earnings results for the period ending July 31 2023. Revenue for the quarter was recorded at USD 53.2 million, a 7.7% decrease from the same period in the previous year. Net income saw a significant 79.0% decrease from the corresponding quarter in the prior year, amounting to USD 0.26 million.
Price History
HURCO COMPANIES, a global leader in CNC machine tools, reported their financial results for the third quarter of FY2023 on Friday. The company’s stock opened at $21.1 and closed at the same price, down by 3.1% from their prior closing price of 21.7. The stock has been trading flat since then, suggesting investors are uncertain about the company’s outlook. Looking ahead, HURCO COMPANIES is focused on expanding its presence in the emerging markets and investing in product innovation and customer service initiatives to keep up with changing customer needs.
The company is also seeking to increase its efficiency and reduce costs to remain competitive in the industry. Overall, with its strong financial performance and solid operational strategies, HURCO COMPANIES is well-positioned to continue to deliver strong earnings results in the upcoming quarters. Live Quote…
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% |
Analysis – Hurco Companies Intrinsic Value Calculator
At GoodWhale, we’ve conducted an in-depth analysis of HURCO COMPANIES‘s fundamentals. Based on our proprietary Valuation Line, we’ve determined that the intrinsic value of HURCO COMPANIES shares is around $22.8. Currently, the stock is traded at a price of $21.1, making it a fair price that is undervalued by 7.5%. Our analysis shows that with the current market price, investors can take advantage of this opportunity to buy HURCO COMPANIES shares at a good price. More…
Peers
The competition between Hurco Companies Inc and its competitors, Takisawa Machine Tool Co Ltd, Goodway Machine Corp, and Awea Mechantronic Co Ltd, is fierce and ongoing. All companies are driven to develop innovative products and services that set them apart from the pack. As each business strives to stay ahead of the competition, customers benefit from a wide range of products and services that meet their needs.
– Takisawa Machine Tool Co Ltd ($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 results for the third quarter of its fiscal year 2023, ending July 31 2023. Total revenue for the quarter was USD 53.2 million, a 7.7% decrease compared to the same period one year ago. Similarly, net income experienced a 79.0% fall, amounting to USD 0.26 million. As a result, the company’s stock price moved down the same day.
Investors should be aware of such declining figures when considering investing in HURCO COMPANIES stock as it may signal further financial troubles for the company. It is recommended to closely monitor the company’s financial performance in upcoming quarters to get a better idea of long-term prospects.
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