Intest Corporation Intrinsic Value Calculation – INTEST CORPORATION Reports Record Year-Over-Year Growth in FY2022 Q4 Earnings Results on March 3 2023.
April 3, 2023
Earnings Overview
On March 3, 2023 INTEST ($NYSEAM:INTT) Corporation reported their FY2022 Q4 earnings results with an impressive year-over-year growth. Total revenue soared to USD 3.2 million, a 1017.2% increase, while net income skyrocketed 44.9% to USD 32.4 million compared to the same period the year prior.
Stock Price
On March 3, 2023, INTEST CORPORATION reported its FY2022 Q4 earnings results, revealing a strong year-over-year growth. The company’s stock opened at $15.4 on Friday and closed the day at $14.3, a decrease of 3.1% from its last closing price of $14.7. The impressive results represent a significant increase in INTEST CORPORATION’s performance compared to the same quarter of the previous fiscal year. The company’s management highlighted its success in expanding its operations, along with a number of its strategic initiatives, as the main drivers behind its positive performance.
This influx of capital is expected to help INTEST CORPORATION continue to expand and develop its operations. The news of INTEST CORPORATION’s strong Q4 results was well received by investors, who were pleased to see the company’s performance increasing steadily year-over-year. Despite the short-term dip in share price on Friday, analysts remain confident that INTEST CORPORATION will continue to post solid earnings results in future quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Intest Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 116.83 | 8.46 | 7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intest Corporation. More…
| Operations | Investing | Financing |
| -1.39 | -1.17 | -3.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Intest Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 110.07 | 45.11 | 5.89 |
Key Ratios Snapshot
Some of the financial key ratios for Intest Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.4% | 61.4% | 9.2% |
| FCF Margin | ROE | ROA |
| -2.4% | 10.7% | 6.1% |
Analysis – Intest Corporation Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of INTEST CORPORATION‘s financials. Our proprietary Valuation Line determined that the intrinsic value of INTEST CORPORATION share is around $13.0. Currently, INTEST CORPORATION stock is traded at $14.3, which is a fair price but slightly overvalued by 10.3%. We are of the opinion that investors may be better suited to wait for the stock price to fall below the intrinsic value before investing. More…
Peers
InTest Corp is one of the leading players in the microelectronics industry, competing with ProbeLeader Co Ltd, Di Corp and TongFu Microelectronics Co Ltd. All four companies provide a variety of products and services within the microelectronics sector, striving to remain at the forefront of technology in this increasingly competitive market.
– ProbeLeader Co Ltd ($TPEX:5246)
ProbeLeader Co Ltd is a leading provider of integrated information technology services and solutions. The company has a market capitalization of 1.64 billion as of 2023. Return on Equity (ROE) is a measure of how efficiently a company is using its resources, and ProbeLeader has achieved a strong ROE of 9.95%, indicating that the company is making effective use of its resources to generate profits for shareholders.
– Di Corp ($KOSE:003160)
Di Corp is a global technology company that specializes in developing and manufacturing wireless products and services. With a market cap of 131.3B as of 2023, Di Corp is one of the largest companies in the industry. The company has achieved a remarkable Return on Equity (ROE) of 7.64%, reflecting its strong financial performance and its commitment to providing quality products and services. Di Corp’s products and services are used by consumers and businesses in a wide range of industries, from telecommunications to healthcare. By leveraging the latest cutting-edge technologies, Di Corp is able to create innovative solutions that have helped the company become a leader in its field.
– TongFu Microelectronics Co Ltd ($SZSE:002156)
TongFu Microelectronics Co Ltd is a Chinese semiconductor company headquartered in Shanghai. Their products range from memory chips to embedded systems, and their market cap of 34.03 billion as of 2023 reflects the success of their products in the market. Moreover, the company’s Return on Equity (ROE) of 5.31% shows that their operations are well managed and their investments are generating a healthy return for shareholders.
Summary
INTEST CORPORATION recently released their FY2022 Q4 earnings report on March 3 2023, displaying impressive year-over-year growth. Total revenue increased by 1017.2%, while net income rose 44.9%. Despite the promising results, the stock price dropped on the same day.
This could be due to investors expecting stronger results, or due to concerns over the sustainability of such an elevated growth rate. Nevertheless, INTEST CORPORATION’s record-breaking earnings indicate that this company may be an attractive investment opportunity for those willing to take on short-term volatility.
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