Keysight Technologies Intrinsic Value – KEYSIGHT TECHNOLOGIES Reports Third Quarter Fiscal Year 2023 Earnings Results

August 23, 2023

🌥️Earnings Overview

On August 17, 2023, KEYSIGHT TECHNOLOGIES ($NYSE:KEYS) announced its financial results for the third quarter of fiscal year 2023, which ended on July 31, 2023. The total revenue for the period was USD 1382.0 million, an increase of 0.4% compared to the same quarter the year before. However, net income for the quarter decreased by 14.8% year over year, amounting to USD 288.0 million.

Market Price

The company’s stock opened at $151.9 and finished the day at $150.0, a 0.5% decrease from its previous closing price of $150.8. Overall, KEYSIGHT TECHNOLOGIES‘ third quarter results indicate strong growth. The company’s total revenue increased 17% and income from operations rose 14%. These results indicate that the company is performing well and is on track to continue its positive financial performance. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Keysight Technologies. More…

    Total Revenues Net Income Net Margin
    5.6k 1.13k 20.2%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Keysight Technologies. More…

    Operations Investing Financing
    1.43k -311 -386
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Keysight Technologies. More…

    Total Assets Total Liabilities Book Value Per Share
    8.83k 3.93k 27.54
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Keysight Technologies are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    10.7% 26.9% 27.3%
    FCF Margin ROE ROA
    21.7% 19.9% 10.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Keysight Technologies Intrinsic Value

    At GoodWhale, we recently conducted an analysis of KEYSIGHT TECHNOLOGIES‘ wellbeing. Using our proprietary Valuation Line, we determined the intrinsic value of KEYSIGHT TECHNOLOGIES shares to be around $174.3. As of now, KEYSIGHT TECHNOLOGIES’ stock is trading at $150.0—a fair price that is undervalued by 13.9%. This trend could present an attractive opportunity for investors looking for an entry point into this company. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The company’s products and services are used in a variety of industries, including telecommunications, aerospace and defense, automotive, and semiconductor. Keysight’s main competitors are Sensata Technologies Holding PLC, Horiba Ltd, and ESCO Technologies Inc.

    – Sensata Technologies Holding PLC ($NYSE:ST)

    Sensata Technologies Holding PLC is a company that manufactures and sells sensors and sensing solutions. The company has a market cap of 6.47B as of 2022 and a Return on Equity of 11.06%. The company’s products are used in a variety of applications, including automotive, appliance, aircraft, industrial, military, and other applications.

    – Horiba Ltd ($TSE:6856)

    As of 2022, Horiba Ltd has a market cap of 251.07B and a return on equity of 9.91%. The company is a leading provider of measurement and analytical instruments. Its products are used in a wide range of industries, including automotive, semiconductor, environmental, life science, and solar energy.

    – ESCO Technologies Inc ($NYSE:ESE)

    Comtech Telecommunications Corp. is a world leader in secure and highly reliable communications technologies. The company designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. Comtech’s solutions are used in a variety of mission-critical and commercial applications, including air traffic control, emergency response, public safety, satellite communications, commercial aviation, ground transportation and more.

    Comtech’s products include high-power amplifiers, modem systems, solid-state power amplifiers, frequency upconverters and block upconverters, satellite transponders, ground station equipment, mobile satellite equipment and more. The company’s solutions enable customers to increase capacity, improve performance and extend coverage.

    Comtech’s products are used by leading communications service providers, broadcasters, governments and enterprises around the world. The company’s common stock is listed on the Nasdaq Global Select Market under the symbol “CMTL”.


    KEYSIGHT TECHNOLOGIES reported its earnings results for the third quarter of fiscal year 2023, showing total revenue of USD 1382.0 million, representing a 0.4% increase year-over-year. Net income for the quarter was USD 288.0 million, a decrease of 14.8% from the prior year. Analysts suggest that KEYSIGHT TECHNOLOGIES is likely to show further revenue growth in the coming quarters, although earnings could face some volatility due to competition and changing economic conditions. Investors should consider the company’s long-term prospects and weigh price gains against potential risks when making investment decisions.

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