Titan Machinery Intrinsic Value – TITAN MACHINERY Reports Fourth Quarter FY2023 Earnings Results on January 31 2023
March 24, 2023
Earnings Overview
For the fourth quarter of FY2023, ending March 16 2023, TITAN MACHINERY ($BER:3TY) reported total revenue of USD 18.1 million, a decrease of 19.3% from the same period of the prior year, and net income of USD 583.0 million, a 14.9% year-over-year increase. These results were announced on January 31 2023.
Market Price
On January 31 2023, TITAN MACHINERY reported its financial results for the fourth quarter of fiscal year 2023. Consequently, investors reacted negatively to the news and the company’s stock opened at €37.6 and closed at the same price, representing a 3.6% decline from its prior closing price of €39.0. The company attributed this decline in revenue to a decrease in equipment sales, as well as a decrease in parts sales due to an overall decrease in customer demand. Overall, TITAN MACHINERY’s results for the fourth quarter of fiscal year 2023 did not meet investors’ expectations and resulted in a 3.6% decline in the company’s stock price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Titan Machinery. More…
| Total Revenues | Net Income | Net Margin |
| 2.21k | 101.87 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Titan Machinery. More…
| Operations | Investing | Financing |
| 10.82 | -134.06 | 21.96 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Titan Machinery. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.19k | 652.39 | 22.52 |
Key Ratios Snapshot
Some of the financial key ratios for Titan Machinery are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.2% | 76.6% | 6.4% |
| FCF Margin | ROE | ROA |
| -1.2% | 17.0% | 7.5% |
Analysis – Titan Machinery Intrinsic Value
At GoodWhale, we have conducted an in-depth analysis of TITAN MACHINERY‘s fundamentals. Our proprietary Valuation Line has concluded that the intrinsic value of TITAN MACHINERY’s share is €29.5. However, the current market price is €37.6; this means that the stock is currently overvalued by 27.7%. Our analysis indicates that investors should be cautious when considering TITAN MACHINERY’s stock at this time. More…
Summary
TITAN MACHINERY has reported its fourth quarter earnings for FY2023, with total revenue of USD 18.1 million and net income of USD 583.0 million, indicating a 19.3% and 14.9% decline from the same quarter of last year, respectively. Despite the decline in revenue, the company’s net income still improved year-over-year. However, the stock price dropped on the day of the announcement, likely due to investors expecting better performance. Moving forward, investors should keep an eye out for any potential positive developments that may potentially lead to an increase in the stock price.
