Kimball Electronics Intrinsic Value Calculation – KIMBALL ELECTRONICS Reports Strong Fourth Quarter Financial Results for FY2023
August 23, 2023
☀️Earnings Overview
For the fourth quarter of FY2023, KIMBALL ELECTRONICS ($NASDAQ:KE) reported total revenue of USD 496.1 million, representing a 32.8% year-over-year increase. Net income for the quarter was USD 19.2 million, an impressive year-over-year growth of 93.2%.
Stock Price
On Wednesday, KIMBALL ELECTRONICS reported strong fourth quarter financial results for the fiscal year 2023. The company’s stock opened at $27.4 and closed at $27.2, a 1.2% decrease from its prior closing price of $27.5. Despite the slight drop in stock price, the fourth quarter financial results exceeded analysts’ expectations. The strong financial performance was driven by continued growth in the company’s medical and automotive markets, which contributed significantly to the company’s overall success in the fourth quarter.
KIMBALL ELECTRONICS’ solid fourth quarter financial results bode well for future earnings growth and suggest that the company is well-positioned to seize potential opportunities in its core markets. The board of directors is confident that the company has created a strong foundation for future success and is committed to delivering long-term value to shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kimball Electronics. More…
| Total Revenues | Net Income | Net Margin |
| 1.82k | 55.83 | 3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kimball Electronics. More…
| Operations | Investing | Financing |
| -13.8 | -90.47 | 99.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kimball Electronics. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.26k | 735.73 | 20.35 |
Key Ratios Snapshot
Some of the financial key ratios for Kimball Electronics are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.9% | 30.0% | 5.0% |
| FCF Margin | ROE | ROA |
| -0.8% | 11.3% | 4.5% |
Analysis – Kimball Electronics Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis on KIMBALL ELECTRONICS‘s wellbeing. After carefully considering the company’s financial statements, as well as the current market environment, we have concluded that the fair value of KIMBALL ELECTRONICS share is around $26.3. This was calculated through our proprietary Valuation Line, which is a comprehensive model that utilizes a wide range of data in order to determine the appropriate key metrics for a company’s stock. Currently, KIMBALL ELECTRONICS stock is traded at $27.2, a fair price overvalued by 3.3%. Despite this slight overvaluation, we believe that the company is an attractive investment given its promising financials and potential for future growth. More…
Peers
The company is a leading provider of electronic manufacturing services to original equipment manufacturers in the automotive, industrial, and medical markets. Kimball Electronics has a diversified customer base that includes many Fortune 500 companies. The company operates manufacturing facilities in the United States, Mexico, China, Poland, Hungary, and Estonia. Kimball Electronics is a global company with a strong commitment to providing the highest quality products and services to its customers. The company’s competitors include Kitron ASA, CWB Automotive Electronics Co Ltd, and Xinya Electronic Co Ltd.
– Kitron ASA ($LTS:0F0J)
The company’s market cap is 4.48B as of 2022 and its ROE is 13.34%. The company is engaged in the development, manufacture and marketing of products and solutions for the electronics, semiconductor and other high-tech industries. The company has a strong focus on research and development, and has a number of leading products and technologies.
– CWB Automotive Electronics Co Ltd ($SHSE:605005)
Founded in 1997, CWB Automotive Electronics Co Ltd is a leading manufacturer of automotive electronics products, including navigation systems, infotainment systems, and driver assistance systems. The company has a market cap of 6.28B as of 2022 and a Return on Equity of 7.25%. CWB Automotive Electronics Co Ltd’s products are used by major automakers around the world, including Audi, BMW, Mercedes-Benz, Porsche, and Volkswagen.
– Xinya Electronic Co Ltd ($SHSE:605277)
Xinya Electronic Co Ltd is a publicly traded company with a market capitalization of 3.39 billion as of 2022. The company has a return on equity of 11.2%. Xinya Electronic Co Ltd is engaged in the manufacture and sale of electronic products. The company’s products include digital cameras, digital camcorders, digital photo frames, and other electronics products.
Summary
Investors in KIMBALL ELECTRONICS should be pleased with the company’s performance in the fourth quarter of FY2023. Total revenue was up 32.8% compared to the same period last year, reaching USD 496.1 million. Net income also increased significantly, rising 93.2% to 19.2 million dollars. These strong numbers suggest that KIMBALL ELECTRONICS is in good financial health and is well-positioned to continue its success moving forward.
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