Manitowoc Company Stock Intrinsic Value – MANITOWOC COMPANY Reports 21.2% Increase in Total Revenue, 33.8% Rise in Net Income for Quarter Ended June 30 2023
August 13, 2023
☀️Earnings Overview
In the quarter that ended on June 30 2023, MANITOWOC COMPANY ($NYSE:MTW) earned USD 602.8 million in total revenue – a 21.2% increase from the same quarter of the prior year – and experienced a 33.8% increase in net income to USD 20.2 million.
Analysis – Manitowoc Company Stock Intrinsic Value
GoodWhale provides an analysis of MANITOWOC COMPANY‘s financials, and has calculated a fair value of MANITOWOC COMPANY share to be around $19.4 using its proprietary Valuation Line. This suggests that the company’s stock may be currently undervalued and could potentially provide a good opportunity for investors. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Manitowoc Company. More…
| Total Revenues | Net Income | Net Margin |
| 2.19k | -105.1 | -0.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Manitowoc Company. More…
| Operations | Investing | Financing |
| 68.1 | -76.1 | -8.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Manitowoc Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.7k | 1.12k | 16.53 |
Key Ratios Snapshot
Some of the financial key ratios for Manitowoc Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.7% | 22.9% | -3.1% |
| FCF Margin | ROE | ROA |
| -0.6% | -7.6% | -2.5% |
Peers
There is intense competition between Manitowoc Co Inc and its competitors Palfinger AG, Wacker Neuson SE, Volvo AB. All four companies are fighting for market share in the construction equipment industry. Manitowoc Co Inc has a strong presence in North America, while its competitors have a strong presence in Europe and Asia.
– Palfinger AG ($OTCPK:PLFRF)
Palfinger AG is a leading provider of innovative lifting, loading, and handling solutions. The company has a market capitalization of 704.98 million as of 2022 and a return on equity of 14.32%. Palfinger AG designs, manufactures, and markets a broad range of products, including cranes, aerial work platforms, and hydraulic loader arms. The company’s products are used in a variety of industries, including construction, agriculture, forestry, recycling, and material handling.
– Wacker Neuson SE ($OTCPK:WKRCF)
Wacker Neuson SE, with a market cap of 1.01B as of 2022, is a construction equipment company with a return on equity of 9.24%. The company has a strong focus on innovation and has a wide range of products that serve the construction, agriculture, and landscaping industries.
– Volvo AB ($OTCPK:VLVLY)
Volvo AB, together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Sweden, China, and internationally. The company operates through four segments: Trucks, Construction Equipment, Buses, and Financial Services. The Trucks segment offers medium to heavy-duty trucks. The Construction Equipment segment provides wheel loaders, articulated haulers, backhoe loaders, excavators, and compact equipment. The Buses segment offers city buses, intercity buses, coaches, and bus chassis. The Financial Services segment offers financing, leasing, and insurance products to its customers and dealers. Volvo was founded in 1915 and is headquartered in Gothenburg, Sweden.
Summary
Investors in MANITOWOC COMPANY have reasons to be pleased with the company’s recent financial results. For the quarter ended June 30 2023, total revenue rose by 21.2% to USD 602.8 million, and net income rose 33.8% to USD 20.2 million. This was accompanied by an increase in the company’s stock price, signaling a positive response from the market. With strong Q2 performance and a promising outlook for the remainder of the year, MANITOWOC COMPANY appears to be a great investment opportunity for those looking to capitalize on the company’s impressive performance.
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