Kla Corporation Stock Fair Value Calculation – KLA CORPORATION Reports Fourth Quarter 2023 Earnings Results for Fiscal Year 2023
August 9, 2023
🌥️Earnings Overview
On July 27 2023, KLA CORPORATION ($NASDAQ:KLAC) reported their financial results for the fourth quarter of fiscal year 2023, ending June 30 2023. Revenue was USD 2355.1 million, a 5.3% decrease from the same quarter a year ago. Net income was USD 684.6 million, showing a 15.0% decrease when compared to the same quarter in the prior year.
Market Price
On Thursday, KLA CORPORATION stock opened at $475.0 and closed at $482.4, a rise of 5.4% from its last closing price of $457.8. This is the fourth consecutive quarter that KLA CORPORATION has seen an increase in stock prices, indicating that investors are confident in the company’s performance and future prospects. The fourth quarter of Fiscal Year 2023 showed a surge in revenue, largely driven by sales of new products and services offered by KLA CORPORATION. These include sensors, semiconductors, software solutions, and advanced measurement systems. KLA CORPORATION has also announced plans to expand its global footprint, with new offices opening in South Korea, China, and India.
The company also plans to make strategic investments in research and development, with the goal of launching more innovative products and services in the future. The stock price has risen over the past four quarters and the company plans to further increase its global presence in the coming years. With these developments and its continued focus on innovation, KLA CORPORATION looks set to remain a market leader in the semiconductor and sensors industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kla Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 10.5k | 3.39k | 32.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kla Corporation. More…
| Operations | Investing | Financing |
| 959.12 | -74.48 | -511.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kla Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.07k | 11.15k | 21.28 |
Key Ratios Snapshot
Some of the financial key ratios for Kla Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.8% | 31.4% | 38.9% |
| FCF Margin | ROE | ROA |
| 8.4% | 91.2% | 18.1% |
Analysis – Kla Corporation Stock Fair Value Calculation
At GoodWhale, we have conducted an in-depth analysis of KLA CORPORATION‘s financials. Our proprietary Valuation Line showed that the intrinsic value of KLA CORPORATION share is around $459.7. However, their stock is currently being traded at $482.4, which suggests that the price is a fair, yet slightly overvalued by 4.9%. As such, we recommend investors to be cautious when investing in KLA CORPORATION’s stocks. More…
Peers
KLA Corporation is a company that provides process control and yield management solutions for the semiconductor and related industries. The company has a wide range of products and services for its customers. KLA’s competitors are Lam Research Corporation, Applied Materials Inc, ASML Holding NV.
– Lam Research Corp ($NASDAQ:LRCX)
Lam Research Corporation is a global leader in the semiconductor industry, providing innovative etch, deposition, and clean solutions for customers working in the advanced logic, memory, and foundry segments. The company has a market capitalization of $45.17 billion as of 2022 and a return on equity of 54.63%. Lam Research is headquartered in Fremont, California, with operations around the world.
– Applied Materials Inc ($NASDAQ:AMAT)
Applied Materials, Inc. is a global leader in materials engineering solutions for the semiconductor, flat panel display and solar photovoltaic (PV) industries. The company develops innovative equipment, services and software for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells and modules, and other specialty materials.
Applied Materials has a market capitalization of $66.47 billion as of 2022 and a return on equity of 41.67%. The company has a long history of innovation and has been a driving force in the development of the semiconductor, flat panel display and solar PV industries. Applied Materials is a diversified company with a strong portfolio of products and services. The company is well positioned to continue its leadership position in the materials engineering solutions market.
– ASML Holding NV ($LTS:0QB8)
ASML Holding NV is a holding company that engages in the development, production, marketing, sale, and service of semiconductor equipment systems, including lithography systems. The company was founded in 1984 and is headquartered in Veldhoven, the Netherlands. ASML Holding NV has a market cap of 173.38B as of 2022 and a Return on Equity of 39.44%. The company develops, produces, markets, sells, and services semiconductor equipment systems, including lithography systems.
Summary
KLA Corporation released its fourth quarter fiscal year 2023 earnings results on July 27, 2023. The results showed that total revenue for the period was USD 2355.1 million, a 5.3% year-on-year decrease, while net income was USD 684.6 million, a 15.0% drop from the same period of the previous year. Despite these results, KLA’s stock price rose the same day which may be indicative of market confidence in the company’s future prospects. Investors should consider monitoring KLA’s performance over the coming quarters to gauge its progress in its efforts to boost profitability.
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