Nv5 Global Stock Intrinsic Value – NV5 GLOBAL Reports FY2023 Q2 Earnings Results for June 30 2023 on August 9 2023

🌥️Earnings Overview

On August 9 2023, NV5 GLOBAL ($NASDAQ:NVEE) reported their earnings results for FY2023 Q2 which ended on June 30 2023. Total revenue was USD 222.6 million, a 9.8% increase from the same period in the prior year. Unfortunately, net income declined 10.8% to USD 15.4 million compared to the year prior.

Share Price

The company’s stock opened at $105.8 and closed at $104.1, showing a nominal decrease of 1.1% from the prior closing price of $105.4. The company’s earnings report was in line with their expectations and provided an increased outlook for the upcoming quarters. The company’s stock, however, did not reflect this positive outlook, as investors responded negatively to the news and sent NV5 GLOBAL‘s stock down slightly on the day of the announcement. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Nv5 Global. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Nv5 Global. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Nv5 Global. More…

Key Ratios Snapshot

Some of the financial key ratios for Nv5 Global are shown below. More…

Analysis – Nv5 Global Stock Intrinsic Value

At GoodWhale, we have conducted an analysis of NV5 GLOBAL‘s wellbeing. Our proprietary Valuation Line reveals that the fair value of NV5 GLOBAL share is around $110.6. Currently, NV5 GLOBAL stock is trading at a price of $104.1, which is a fair price, but is undervalued by 5.9%. This could present an interesting investment opportunity for those looking to take advantage of the current market conditions. 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‘s financial performance in Q2 2023 was mixed. Total revenue increased 9.8% year-over-year, but net income decreased 10.8% compared to the same period a year prior. Investors should take note of the drop in net income despite the increase in revenue, as it could indicate underlying economic issues affecting the company.

Analysts should watch for signs of cost inflation, margin compression, and other factors that could be influencing NV5 Global’s profitability. A thorough due diligence process is recommended for investors considering investing in NV5 Global.