Nacco Industries Stock Fair Value Calculation – NACCO INDUSTRIES Reports Second Quarter Earnings for 2023
August 10, 2023
🌥️Earnings Overview
On August 2 2023, NACCO INDUSTRIES ($NYSE:NC) announced their earnings results for the second quarter of fiscal year 2023, which ended on June 30 2023. The total revenue for this quarter was USD 61.4 million – identical to that of the same quarter last year. Unfortunately, there was a 93.2% decrease in net income when compared to the same quarter of the previous year, amounting to USD 2.5 million.
Share Price
This marks the third consecutive quarter of declining earnings for NACCO Industries, a trend that has investors hoping for a turnaround in the near future. The company’s second quarter earnings report showed a decline in both revenue and profits year-over-year due to the challenges posed by the ongoing pandemic, as well as unfavorable economic conditions in certain markets. This caused investors to become increasingly concerned about the performance of the company, leading to a general decline in stock prices across the board. Despite the negative news, NACCO Industries remains optimistic about its future. The company has made a number of investments in technology and its workforce in recent months that should help it to remain competitive in the current market.
Additionally, the company is encouraged by the positive trends it has seen in certain markets, which suggest there may be brighter days ahead. Ultimately, only time will tell if NACCO Industries can turn around its fortunes and return to profitability in the coming quarters. Until then, investors will remain wary as the stock continues to fluctuate. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nacco Industries. More…
| Total Revenues | Net Income | Net Margin |
| 236.82 | 32.61 | 14.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nacco Industries. More…
| Operations | Investing | Financing |
| 50.54 | -23.73 | -6.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nacco Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 571.51 | 138.11 | 57.63 |
Key Ratios Snapshot
Some of the financial key ratios for Nacco Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.3% | -36.2% | 15.8% |
| FCF Margin | ROE | ROA |
| 7.9% | 5.4% | 4.1% |
Analysis – Nacco Industries Stock Fair Value Calculation
At GoodWhale, we have conducted a thorough analysis of NACCO INDUSTRIES‘ fundamentals. From our proprietary Valuation Line, we have determined that the intrinsic value of NACCO INDUSTRIES’ share is approximately $39.2. Currently, the stock is traded at $35.8, which is a fair price that is undervalued by 8.8%. We believe that this presents an opportunity for investors to purchase low-priced options at a more appealing rate. With that said, we recommend that investors closely monitor NACCO INDUSTRIES’ stock and take advantage of this buying opportunity before the market corrects itself. More…
Peers
The company operates through its subsidiaries, which include The North American Coal Corporation, Hamilton Beach Brands Inc, and Kitchen Collection LLC. NACCO Industries Inc’s competitors include PT Prima Andalan Mandiri Tbk, Alliance Resource Partners LP, and PT ABM Investama Tbk.
– PT Prima Andalan Mandiri Tbk ($IDX:MCOL)
PT Prima Andalan Mandiri Tbk is an Indonesian holding company that is engaged in a number of businesses, including providing financial services, investment management, and insurance. The company has a market cap of 26.22 trillion as of 2022 and a return on equity of 69.24%. PT Prima Andalan Mandiri Tbk is headquartered in Jakarta, Indonesia.
– Alliance Resource Partners LP ($NASDAQ:ARLP)
Alliance Resource Partners LP is a coal producer and marketer with operations in the United States. The company has a market cap of $3.08 billion and a return on equity of 19.31%. Alliance Resource Partners LP produces and markets coal to utilities and industrial users in the United States. The company operates mines in Illinois, Indiana, Kentucky, Maryland, and West Virginia.
– PT ABM Investama Tbk ($IDX:ABMM)
ABM Investama Tbk is a publicly traded holding company with a market capitalization of 11.67 trillion as of 2022. The company has a diversified portfolio of businesses, including financial services, mining, and energy. The company has a strong balance sheet and a return on equity of 66.56%. The company is well-positioned to continue growing its businesses and generating shareholder value.
Summary
NACCO Industries released their earnings for Q2 FY 2023, ending on June 30 2023, on August 2 2023. Revenue was flat compared to the same quarter in the prior year, totalling USD 61.4 million. Net income was down 93.2% to USD 2.5 million. Investors may be concerned regarding these figures and should examine the company’s performance further prior to investing in the company’s stock.
Analysts should consider the company’s growth potential, competitive positioning and overall financial health before making an investment decision. A thorough analysis of the company’s balance sheet and income statement will provide a better understanding of its current financial position.
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