Parker-hannifin Corporation Intrinsic Value – PARKER-HANNIFIN CORPORATION Earnings Soar 21.7% in Q4 of FY2023, Reaching USD 5095.9 Million in Revenue
August 7, 2023
☀️Earnings Overview
On August 3 2023, PARKER-HANNIFIN CORPORATION ($NYSE:PH) reported their fourth quarter financial results for fiscal year 2023, noting a total revenue of USD 5095.9 million – a rise of 21.7% from the same period in the prior year. Net income also surged significantly from USD 128.8 million to USD 709.0 million.
Analysis – Parker-hannifin Corporation Intrinsic Value
GOODWHALE’s examination of PARKER-HANNIFIN CORPORATION‘s wellbeing has generated some interesting insights. Our proprietary Valuation Line has determined that the intrinsic value of PARKER-HANNIFIN CORPORATION shares is around $341.5. However, the stock is currently being traded at $418.2, which is 22.5% higher than its intrinsic value. This indicates that the stock is currently being overvalued and investors should proceed with caution when deciding to invest in this company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Parker-hannifin Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 19.07k | 2.08k | 10.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Parker-hannifin Corporation. More…
| Operations | Investing | Financing |
| 2.98k | -8.18k | -971.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Parker-hannifin Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 29.96k | 19.63k | 80.49 |
Key Ratios Snapshot
Some of the financial key ratios for Parker-hannifin Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.7% | 20.6% | 17.1% |
| FCF Margin | ROE | ROA |
| 13.6% | 20.2% | 6.8% |
Peers
Parker Hannifin Corp is one of the leading suppliers of motion and control technologies and systems in the world. The company operates in three segments: industrial, aerospace, and climate control systems. Parker Hannifin has a strong presence in North America, Europe, and Asia. The company’s main competitors are Suzhou Recodeal Interconnect System Co Ltd, Cummins Inc, EnPro Industries Inc.
– Suzhou Recodeal Interconnect System Co Ltd ($SHSE:688800)
Suzhou Recodeal Interconnect System Co Ltd is a leading provider of interconnect solutions in China. The company has a market cap of 12.12B and a ROE of 11.67%. The company provides a wide range of interconnect products and services, including connectors, cable assemblies, and custom interconnect solutions. The company’s products are used in a variety of applications, including telecommunications, data communications, automotive, industrial, and consumer electronics.
– Cummins Inc ($NYSE:CMI)
Cummins Inc is a large American company that designs, manufactures, and markets engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. It is headquartered in Columbus, Indiana. The company has a market cap of $35.3 billion as of 2022 and a return on equity of 19.66%. Cummins Inc designs, manufactures, and sells engines and related technologies for use in on-highway and off-highway vehicles, industrial applications, and power generation systems. It operates in four segments: Engine, Distribution, Components, and Power Systems. The Engine segment provides internal combustion engines for on-highway vehicles, including trucks, buses, construction equipment, agricultural equipment, marine applications, and rail equipment; and off-highway vehicles, such as mining trucks and tractors, excavators, wheel loaders, and diesel-electric locomotives. The Distribution segment offers aftermarket products and services for engines and related products through a network of approximately 600 distributors and approximately 7,000 dealers in more than 190 countries and territories. The Components segment provides critical components that are required to produce its engines, including turbochargers, fuel systems, filtration, emission solutions, and other components; and sells these components to other original equipment manufacturers. The Power Systems segment provides power generation systems that are used in a variety of applications, including backup power, prime power, and continuous power for industrial facilities, such as data centers, hospitals, and retail stores; and for commercial applications, such as office buildings and restaurants.
– EnPro Industries Inc ($NYSE:NPO)
EnPro Industries, Inc. is a diversified industrial company with a focus on engineered products for use in critical applications. The company has three segments: Engineered Products, Industrial Products, and Services. Its products are used in a variety of industries, including aerospace, chemical processing, power generation, oil and gas, and transportation. EnPro Industries was founded in 1884 and is headquartered in Charlotte, North Carolina.
Summary
Net income also saw a large increase, rising from USD 128.8 million to USD 709.0 million. This financial performance has been reflected in the stock price, which rose significantly on the news. With such strong earnings figures and a bullish outlook for the future, PARKER-HANNIFIN CORPORATION is certainly an attractive investment option for potential investors.
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