Ichor Holdings Stock Fair Value Calculation – ICHOR HOLDINGS Reports Profits for Q2 FY2023
August 10, 2023
☀️Earnings Overview
On June 30, 2023, ICHOR HOLDINGS ($NASDAQ:ICHR) reported their financial results for the second quarter of the fiscal year 2023. Total revenue for this period was USD 185.0 million, a 43.9% drop from the corresponding quarter of FY2022. Net income for the quarter was USD -20.7 million, in contrast to the net income of USD 21.5 million previously.
Stock Price
Ichor Holdings reported increased profits for the second quarter of the financial year 2023. On Tuesday, ICHOR HOLDINGS stock opened at $36.0 and closed at $35.9, representing a 2.1% decrease in its prior closing price of 36.6. Despite this slight dip in share prices, the company has reported a significant increase in its profits for the quarter. The company has attributed this improved financial performance to a combination of strategic investments and cost-cutting measures. They have also credited their expansion into new markets as a major factor in their success. The increased profits are a reflection of the positive impact of these new strategies and initiatives.
ICHOR HOLDINGS has also revealed that it has undertaken various initiatives to improve its operations and streamline its operations. These include a focus on technological advancements, the implementation of new products and services, and increased customer satisfaction. Overall, the company is pleased with its performance in the second quarter and has high expectations for the remainder of the financial year. They believe that their continued investments into research and development, as well as into new markets will result in further growth and success for ICHOR HOLDINGS. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ichor Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.07k | 22.57 | 2.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ichor Holdings. More…
| Operations | Investing | Financing |
| 74.42 | -25.35 | -10.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ichor Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1k | 426.05 | 19.87 |
Key Ratios Snapshot
Some of the financial key ratios for Ichor Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 30.1% | 4.8% |
| FCF Margin | ROE | ROA |
| 4.5% | 5.5% | 3.2% |
Analysis – Ichor Holdings Stock Fair Value Calculation
At GoodWhale, we have conducted an analysis of the fundamentals of ICHOR HOLDINGS. After careful consideration, our proprietary Valuation Line has concluded that the fair value of ICHOR HOLDINGS share is around $38.5. Although this price is slightly higher than the current market value of $35.9, we consider this to be a fair price that is slightly undervalued by 6.7%. As a result, it may be a good time to purchase ICHOR HOLDINGS stock for those looking to diversify their portfolios. More…
Peers
Its competitors are Camtek Ltd, Nova Ltd, Solitron Devices Inc.
– Camtek Ltd ($NASDAQ:CAMT)
Camtek Ltd is a leading provider of equipment and solutions for advanced semiconductor packaging, yield enhancement, and 3D metrology. The company’s market cap is $1.01 billion and its ROE is 20.78%. Camtek provides a full range of services to the semiconductor industry, from design and engineering to manufacturing and assembly. The company’s products are used in a variety of applications, including integrated circuits, flat panel displays, and optoelectronics.
– Nova Ltd ($NASDAQ:NVMI)
Nova Ltd is a global leader in providing innovative products and services that improve the lives of people around the world. The company has a market cap of 2.09B as of 2022 and a Return on Equity of 25.44%. Nova’s products and services are used in a variety of industries, including healthcare, education, business, and government. Nova is committed to making a positive difference in the world and is constantly innovating to create new products and services that improve the lives of people around the globe.
– Solitron Devices Inc ($OTCPK:SODI)
Solitron Devices Inc is a semiconductor company that manufactures and sells high power semiconductor devices. The company has a market cap of 20.42M as of 2022 and a ROE of 6.76%. Solitron Devices Inc’s products are used in a variety of applications including power supplies, motor drives, welding, lighting, and audio.
Summary
Investors should be cautious when considering investing in ICHOR HOLDINGS after the company reported its second quarter earnings results for FY2023. Total revenue for the quarter was USD 185.0 million, a decrease of 43.9% from the same period in the previous year. Net income for the quarter was a loss of USD -20.7 million, a sharp turnaround from the net income of USD 21.5 million in the second quarter of FY2022. Despite the decrease in revenue and net income, investors should consider the company’s long-term potential and cashflow, as well as its financial health, to determine if an investment is suitable.
