KLIC Intrinsic Stock Value – KULICKE AND SOFFA INDUSTRIES Reports Third Quarter Fiscal Year 2023 Earnings Results
August 23, 2023
🌥️Earnings Overview
On August 8, 2023, KULICKE AND SOFFA INDUSTRIES ($NASDAQ:KLIC) revealed their earnings results for Q3 of 2023 (ending June 30, 2023). Total revenue was USD 190.9 million, a significant dip of 48.7% from the same period in the prior year. Net income was USD 4.2 million, a 96.5% decrease in comparison to the same period in the prior year.
Share Price
On Tuesday, KULICKE AND SOFFA INDUSTRIES reported their third quarter fiscal year 2023 earnings results. At market open, the stock opened at $55.2 and closed at the same price at the end of the day, down 1.5% from last closing price of 56.0. This news came as a surprise to many investors, as the company had seen steady growth over the past few quarters. KULICKE AND SOFFA INDUSTRIES is a leading global provider of semiconductor assembly and test services, used in the manufacturing of electronic components. They have a strong presence in the automotive, consumer, communications, computing, and industrial markets.
The company also reported positive trends in other areas of their business. This suggests that the company is managing costs carefully and is in a strong financial position. While their stock price dipped slightly, the company continues to show strong growth and is well-positioned for continued success into the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for KLIC. More…
| Total Revenues | Net Income | Net Margin |
| 826.48 | 98.69 | 14.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for KLIC. More…
| Operations | Investing | Financing |
| 212.47 | -94.27 | -162.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for KLIC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.51k | 338.41 | 20.71 |
Key Ratios Snapshot
Some of the financial key ratios for KLIC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.2% | 35.6% | 13.9% |
| FCF Margin | ROE | ROA |
| 19.9% | 6.1% | 4.8% |
Analysis – KLIC Intrinsic Stock Value
At GoodWhale, we have conducted a thorough analysis of KULICKE AND SOFFA INDUSTRIES (K&S) in order to determine its wellbeing. Our proprietary Valuation Line determined the fair value of K&S’s share to be around $36.2. Currently, the stock is being traded at $55.2, which is overvalued by 52.6%. This shows that the market has an optimistic outlook for K&S’s future, as investors are willing to pay more than what the stock is worth. We believe that this company has potential and can be a great investment for those looking to diversify their portfolios. More…
Peers
Its competitors are Ultra Clean Holdings Inc, ASM International NV, Amtech Systems Inc.
– Ultra Clean Holdings Inc ($NASDAQ:UCTT)
Ultra Clean Holdings Inc is a leading provider of critical sub-systems and components for the semiconductor and display capital equipment industries. The company has a market cap of 1.59B as of 2022 and a Return on Equity of 10.0%. The company’s products are used in the fabrication of semiconductor chips and flat panel displays.
– ASM International NV ($OTCPK:ASMIY)
ASM International NV is a global company that provides materials science solutions. It has a market cap of 13.16B as of 2022 and a return on equity of 19.23%. The company offers products and services for semiconductor and other advanced materials industries. Its products include equipment, services, and software. The company serves customers in more than 60 countries worldwide.
– Amtech Systems Inc ($NASDAQ:ASYS)
Amtech Systems Inc is a global leader in the design and manufacture of solar power systems. They provide turnkey solutions for the solar power industry, including the design, engineering, and manufacturing of solar power equipment. Their products are used in a variety of applications, including residential, commercial, and industrial solar power systems. Amtech’s mission is to provide renewable energy solutions that improve the quality of life for people around the world.
Summary
KULICKE AND SOFFA INDUSTRIES reported its third quarter fiscal year 2023 earnings on August 8, 2023. Revenues for this period were USD 190.9 million, a 48.7% decrease year-over-year. Net income also decreased by 96.5%, amounting to USD 4.2 million for the quarter. This news has investors evaluating whether the current market price of KULICKE AND SOFFA INDUSTRIES is justified.
The company’s financials need to be carefully analyzed to determine if the stock is undervalued or overvalued. Investors should be considering factors such as cash flow, debt levels, and revenue growth when evaluating KULICKE AND SOFFA INDUSTRIES as an investment.
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