NSSC Stock Intrinsic Value – NAPCO SECURITY TECHNOLOGIES Reports 5.5% Increase in Revenue and 63.7% Increase in Net Income for Q1 FY2024

☀️Earnings Overview

On November 6 2023, NAPCO SECURITY TECHNOLOGIES ($NASDAQ:NSSC) announced their financial results for the first quarter of FY2024, with total revenue reaching USD 41.7 million, a 5.5% year-over-year growth, and reported net income of USD 10.5 million, a 63.7% increase compared to the same period in the previous fiscal year, as of September 30 2023.

Analysis – NSSC Stock Intrinsic Value

GoodWhale has conducted an analysis of NAPCO SECURITY TECHNOLOGIES’ financials and has determined the intrinsic value of its share to be around $28.3. This estimate was made using GoodWhale’s proprietary Valuation Line. At the current trading price of $22.8, NAPCO SECURITY TECHNOLOGIES stock is currently undervalued by 19.3%. This presents an opportunity for investors looking to purchase undervalued stocks. With this information in hand, investors can make an informed decision as to whether or not they should purchase NAPCO SECURITY TECHNOLOGIES stock. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for NSSC. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NSSC. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NSSC. More…

Key Ratios Snapshot

Some of the financial key ratios for NSSC are shown below. More…

Peers

Headquartered in Amityville, New York, NAPCO manufactures and sells a comprehensive line of security products, including intruder and fire alarm systems, video surveillance products, access control systems, and door locking products. The company has three main subsidiaries: Alarm Lock, Continental Instrument, and Marks USA. NAPCO serves residential, commercial, and institutional customers through a network of professional security dealers and integrators, as well as distributors and retailers worldwide. NAPCO’s primary competitors are Viscount Systems Inc, Costar Technologies Inc, and Taiwan Shin Kong Security Co Ltd.

– Viscount Systems Inc ($OTCPK:VSYS)

Viscount Systems Inc. is a provider of physical security solutions that enable organizations to secure their facilities, assets, and critical information. The company’s solutions include access control, video surveillance, and intrusion detection. Viscount Systems Inc. was founded in 2004 and is headquartered in Burnaby, Canada.

– Costar Technologies Inc ($OTCPK:CSTI)

Costar Technologies Inc is a technology company that provides solutions for the semiconductor and electronics industries. The company has a market cap of 9.74M and a ROE of 9.71%. Costar’s products and services include wafer cleaning and drying equipment, automated optical inspection equipment, and wafer level packaging equipment. The company’s customers include semiconductor manufacturers, foundries, and fabless companies.

– Taiwan Shin Kong Security Co Ltd ($TWSE:9925)

Taiwan Shin Kong Security Co Ltd is a security company that provides security services to businesses and individuals. The company has a market cap of 14.83B as of 2022 and a return on equity of 8.6%. The company operates in Taiwan, China, and Hong Kong.

Summary

NAPCO SECURITY TECHNOLOGIES recently reported strong financial results for the first quarter of FY2024, with total revenue increasing 5.5% year-over-year to USD 41.7 million and reported net income rising 63.7% year-over-year to USD 10.5 million as of September 30 2023. Investor sentiment was positive, as evidenced by the stock’s rise the same day as the financial report was released. This news bodes well for investors looking for a good return on their investments in the company. Overall, NAPCO SECURITY TECHNOLOGIES looks like a solid investment option, with strong financials and a positive outlook.