Spx Technologies Intrinsic Value – SPX TECHNOLOGIES Reports Positive Earnings for 2nd Quarter of FY2023
August 25, 2023
☀️Earnings Overview
On June 30, 2023, SPX TECHNOLOGIES ($NYSE:SPXC) released their second quarter earnings report for FY2023, revealing total revenue of USD 423.3 million, a 19.6% increase from the same quarter in the previous fiscal year. Net income for the quarter was USD 36.0 million, a 176.9% growth compared to the second quarter of FY2022.
Share Price
On Wednesday, SPX TECHNOLOGIES reported positive earnings for the 2nd quarter of their fiscal year 2023. The company’s stock opened at $83.1 and closed at $83.0, a decrease of 1.5% from its last closing price of 84.3. This marks a successful end to the quarter for SPX TECHNOLOGIES, highlighted by the positive earnings report. SPX TECHNOLOGIES has done well to remain profitable despite the difficult economic conditions faced in the wake of the pandemic. The company has made use of digital transformation initiatives to facilitate remote working and maintain business operations under lockdown restrictions. This has allowed them to remain competitive and increase their market share during a challenging time.
The positive earnings report is a testament to the resilience of SPX TECHNOLOGIES in the face of adversity. It is clear that the company has done well to mitigate the impacts of the pandemic and remain profitable. The successful conclusion of the 2nd quarter is likely to be followed by more positive reports in the coming quarters. With additional investments in digital technology and continued focus on customer service, SPX TECHNOLOGIES will be well positioned to excel in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Spx Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 1.62k | 54.6 | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Spx Technologies. More…
| Operations | Investing | Financing |
| 27.3 | -561.2 | 433.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spx Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.5k | 1.33k | 25.72 |
Key Ratios Snapshot
Some of the financial key ratios for Spx Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.5% | -5.3% | 6.0% |
| FCF Margin | ROE | ROA |
| 0.5% | 5.3% | 2.4% |
Analysis – Spx Technologies Intrinsic Value
At GoodWhale, we believe that a comprehensive analysis of a company’s fundamentals is essential in order to make an informed decision on an investment. After examining SPX TECHNOLOGIES‘ fundamentals, we have generated the following results. Using our proprietary Valuation Line, we have calculated the intrinsic value of SPX TECHNOLOGIES’s shares to be around $66.1. However, at present, SPX TECHNOLOGY’s stock is trading at $83.0, which is overvalued by 25.5%. We believe that these results indicate a potential opportunity for investors to capitalize on the company’s current market mispricing. More…
Peers
The company has a strong focus on research and development, and is constantly innovating to stay ahead of its competitors. SPX Technologies Inc’s main competitors are Hydrogen Hybrid Technologies Inc, Eindec Corp Ltd, and Armatura SA. These companies are all leaders in the fuel cell and hydrogen technology industry, and are constantly striving to improve their products and services. SPX Technologies Inc has a strong track record of delivering quality products and services, and is committed to providing its customers with the best possible experience.
– Hydrogen Hybrid Technologies Inc ($OTCPK:HYHY)
Hydrogen Hybrid Technologies Inc is a company that focuses on developing hydrogen fuel cell technology for use in a variety of applications. The company has a market cap of 93.75k as of 2022 and a Return on Equity of -118.88%. Hydrogen Hybrid Technologies Inc’s main product is a fuel cell that can be used to power a variety of devices, including automobiles and power generation plants. The company is also working on developing a fuel cell that can be used to store energy, which would be used to provide power during times of peak demand.
– Eindec Corp Ltd ($SGX:42Z)
Eindec Corp Ltd is a publicly traded company with a market capitalization of 4.52M as of 2022. The company has a return on equity of 16.25%. Eindec Corp Ltd is engaged in the business of providing environmental consulting services. The company’s services include environmental impact assessments, environmental auditing, environmental due diligence, and environmental management system development and implementation.
– Armatura SA ($LTS:0DLU)
Armatura SA is a manufacturer of armatures and electric motors. The company has a market cap of 4.4M as of 2022 and a return on equity of 126.78%. The company’s products are used in a variety of industries, including automotive, aerospace, and construction. Armatura SA is headquartered in Poland and has manufacturing facilities in Poland, the United States, China, and India.
Summary
SPX Technologies has seen strong financial growth over the past year, with total revenue for the second quarter of FY2023 reaching USD 423.3 million, an increase of 19.6% year-over-year. Net income jumped 176.9% year-over-year to USD 36.0 million. Investors can look forward to potential growth opportunities in the near future, with a clear focus on product innovation and development. Overall, SPX, Technologies is in a solid position for long-term growth and appears to be a solid investment option.
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