Nv5 Global Intrinsic Value Calculation – NV5 GLOBAL Reports Earnings Results for Second Quarter of FY2023
August 12, 2023
🌥️Earnings Overview
NV5 GLOBAL ($NASDAQ:NVEE) reported their earnings results for the second quarter of FY2023, ending June 30 2023, on August 9 2023. Total revenue was USD 222.6 million, an increase of 9.8% from the same period in the previous year. Their reported net income, however, decreased by 10.8%, coming in at USD 15.4 million compared to the same period in FY2022.
Share Price
On Wednesday, NV5 GLOBAL, Inc. reported its second quarter earnings results for fiscal year 2023. This announcement sent mixed signals to investors, as the stock opened at $105.8 but ended up closing at $104.1, down by 1.1% from the previous closing price of 105.4. The company’s president and CEO, Dickerson Wright, attributed the company’s better-than-expected performance to strong demand in its construction services and consulting divisions. He also noted that the company was able to expand its reach and client base during the quarter, which allowed it to capitalize on new opportunities.
Despite the impressive financial results, some investors remain concerned that NV5 GLOBAL is still subject to risk factors such as fluctuations in the economy, competition, and changes in regulations. With this in mind, investors will be closely watching how the company performs during the rest of FY2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nv5 Global. More…
| Total Revenues | Net Income | Net Margin |
| 800.85 | 45.42 | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nv5 Global. More…
| Operations | Investing | Financing |
| 65.22 | -202.69 | 121.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nv5 Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.17k | 426.68 | 46.64 |
Key Ratios Snapshot
Some of the financial key ratios for Nv5 Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.6% | 20.5% | 7.5% |
| FCF Margin | ROE | ROA |
| 6.2% | 5.2% | 3.2% |
Analysis – Nv5 Global Intrinsic Value Calculation
At GoodWhale, we believe that fundamental analysis of stocks is essential for investors. That’s why we’ve taken a deep dive into NV5 GLOBAL‘s fundamentals and have come up with an estimated fair value of $107.9 per share. This is calculated using our proprietary Valuation Line, which combines a variety of metrics such as the company’s financial results, balance sheet strength, and industry dynamics. Currently, NV5 GLOBAL shares are trading at $104.1, which represents a 3.5% discount from our estimated fair value. This could be an opportunity for investors to enter the stock at a price lower than its estimated fair value. More…
Peers
The company operates in more than 100 locations across the United States and internationally. NV5’s competitors include Willdan Group Inc, Atlas Technical Consultants Inc, Guizhou Transportation Planning Survey & Design Academe Co Ltd, and other engineering and consulting firms.
– Willdan Group Inc ($NASDAQ:WLDN)
Willdan Group Inc is a provider of professional technical and consulting services to utilities, businesses, and government agencies. The company has a market cap of 172.27M as of 2022 and a Return on Equity of -2.66%. Willdan Group Inc provides services in the areas of energy efficiency, engineering, program management, and operations and maintenance. The company’s services help customers reduce costs, improve productivity, and comply with regulations.
– Atlas Technical Consultants Inc ($NASDAQ:ATCX)
Atlas Technical Consultants Inc is a engineering firm that provides professional consulting services in the areas of water resources, transportation, environmental, and land development. The company has a market cap of 273.22M as of 2022 and a ROE of -16.48%.
– Guizhou Transportation Planning Survey & Design Academe Co Ltd ($SHSE:603458)
Guizhou Transportation Planning Survey & Design Academe Co Ltd is a transportation planning and design company. It is headquartered in Guiyang, Guizhou Province, China. The company provides planning, design, consulting, and construction supervision services for transportation projects. It also offers training services.
Summary
NV5 GLOBAL recently announced their earnings report for the second quarter of FY2023, which ended on June 30th 2023. Total revenue increased by 9.8% year-on-year to USD 222.6 million; however, net income decreased by 10.8% over the same period. For investors, NV5 GLOBAL appears to be a sound investment option, as their total revenue was strong and higher than the previous year.
Additionally, their net income is still relatively healthy, though lower year-on-year. Overall, NV5 GLOBAL is a solid investment choice given their current financials.
