KLIC Stock Fair Value – KULICKE AND SOFFA INDUSTRIES Reports Third Quarter Earnings Results for FY2023
August 11, 2023
🌥️Earnings Overview
On August 8 2023, KULICKE AND SOFFA INDUSTRIES ($NASDAQ:KLIC) reported their financial results for the three-month period ending on June 30 2023, showing a total revenue of USD 190.9 million, a year-on-year decrease of 48.7%. Furthermore, net income was reported at USD 4.2 million, a 96.5% drop from the same period last year.
Market Price
KULICKE AND SOFFA INDUSTRIES reported its third quarter earnings results for FY2023 on Tuesday. The stock opened at $55.2 and closed at the same price, down by 1.5% from the previous closing price of $56.0. This decrease in share price was slower than expected in comparison to the markets as a whole. This improvement was due to increasing demand for its products and better supply chain optimization.
The company’s improved gross margin and higher net income demonstrate an increase in demand for its products and better supply chain management. As a result, investors are likely to remain confident in the company’s future prospects and performance. 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 | 14.3% |
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 | 20.67 |
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% | 36.8% | 13.9% |
| FCF Margin | ROE | ROA |
| 24.2% | 6.1% | 4.8% |
Analysis – KLIC Stock Fair Value
At GoodWhale, we have performed a thorough analysis of KULICKE AND SOFFA INDUSTRIES’s financials. After taking into account the company’s performance, our proprietary Valuation Line has determined that the intrinsic value of each share of KULICKE AND SOFFA INDUSTRIES is approximately $42.4. Currently, however, the stock is being traded at $55.2, which is an overvaluation of 30.1%. More…
Peers
Its competitors are Ultra Clean Holdings Inc, ASM International NV, Amtech Systems Inc.
– Ultra Clean Holdings Inc ($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 their third quarter earnings results for FY2023, ending on June 30 2023, with total revenue of USD 190.9 million. This was a decrease of 48.7% compared to the same period in the previous year. Net income dropped 96.5% year over year, coming in at USD 4.2 million.
This decrease in revenue and net income is a cause for concern for investors, and suggests that the company may be experiencing a challenging operating environment. Investors should closely monitor the company’s performance and assess the risk factors associated with investing before making any decisions.
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