Spx Technologies Intrinsic Value – SPX TECHNOLOGIES Reports Second Quarter Earnings Results for FY2023
August 14, 2023
🌥️Earnings Overview
On August 2 2023, SPX TECHNOLOGIES ($NYSE:SPXC) announced their earnings results for the second quarter of the FY2023, which ended on June 30 2023. Total revenue grew 19.6% from the previous year, amounting to a total of USD 423.3 million. Furthermore, net income increased significantly by 176.9%, reaching USD 36.0 million.
Stock Price
The company’s stock opened at $83.1 and closed at $83.0, down 1.5% from its prior closing price of $84.3. This marked a slight decrease in the company’s stock value as compared to the first quarter of the same fiscal year. The company’s second quarterly performance was slightly worse than expected due to market volatility and the overall economic downturn. Despite this, SPX Technologies remains confident in their ability to remain successful and competitive in the tech industry, especially as they continue to make advancements in their core services and offerings.
While the company is disappointed by their second quarter results, they are looking forward to increased success in the future. They remain committed to delivering high-quality services and products to their customers so they can continue to reach their goals and objectives. 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
After analyzing SPX TECHNOLOGIES‘s fundamentals, GoodWhale’s proprietary Valuation Line has calculated the fair value of SPX TECHNOLOGIES’s share at around $65.8. However, the current market price of SPX TECHNOLOGIES stock is $83.0, representing an overvaluation of 26.2%. This suggests that there may be an opportunity to buy SPX TECHNOLOGIES stock at a discount to its fair value. We believe that investors should be aware of this potential risk of overvaluation and consider this when making decisions about investment in SPX TECHNOLOGIES stock. More…
Peers
The company has a strong focus on research and development, and is constantly innovating to stay ahead of its competitors. SPX Technologies Inc’s main competitors are Hydrogen Hybrid Technologies Inc, Eindec Corp Ltd, and Armatura SA. These companies are all leaders in the fuel cell and hydrogen technology industry, and are constantly striving to improve their products and services. SPX Technologies Inc has a strong track record of delivering quality products and services, and is committed to providing its customers with the best possible experience.
– Hydrogen Hybrid Technologies Inc ($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 experienced an impressive quarter, with total revenue increasing by 19.6% year-over-year to USD 423.3 million and net income increasing by a significant 176.9% year-over-year to USD 36.0 million. This indicates that investors should consider SPX Technologies as a potential investment option as it is showing strong financial performance. Therefore, SPX Technologies appears to be a lucrative opportunity for investors and should be closely monitored in the coming quarters.
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