Titan Machinery Stock Fair Value Calculator – TITAN MACHINERY Reports Record Revenue of $642.6 Million for Q2 of FY 2024
September 13, 2023
🌥️Earnings Overview
For the second quarter of Fiscal Year 2024 ending on July 31 2023, TITAN MACHINERY ($NASDAQ:TITN) reported a total revenue of USD 642.6 million, representing a year-over-year increase of 29.4%. Additionally, the company reported net income of USD 31.3 million, which was a 25.5% jump from the same period in the prior year.
Share Price
On Thursday, TITAN MACHINERY reported record revenue of $642.6 million for the second quarter of fiscal year 2024. The company’s stock opened at $31.9 and closed at $31.0, rising by 6.7% from the last closing price of 29.1. This significant jump in share price was a result of the company’s impressive earnings report. This profit was driven by a surge in demand for its machinery products and services.
The company’s strong performance is a testament to its ability to produce quality machines and services that meet customers’ needs in the competitive market. The company is expected to continue its positive trend throughout the rest of the fiscal year and beyond, driven by a steady demand for its products and services. 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 |
| 2.46k | 117.66 | 4.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Titan Machinery. More…
| Operations | Investing | Financing |
| -90.93 | -164.07 | 164.22 |
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 |
| 1.52k | 920.34 | 26.32 |
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 |
| 23.0% | 76.3% | 6.7% |
| FCF Margin | ROE | ROA |
| -5.7% | 17.8% | 6.8% |
Analysis – Titan Machinery Stock Fair Value Calculator
At GoodWhale, we recently performed an analysis of TITAN MACHINERY‘s financials. Our proprietary Valuation Line revealed that the intrinsic value of their shares is around $38.0. Currently, TITAN MACHINERY stock is trading at $31.0, a fair price but one that is undervalued by 18.4%. This presents an opportunity for potential investors to purchase the stock at a discount and reap a return on investment when the stock price reaches it’s full potential. More…
Peers
Its main competitors are Narasaki Sangyo Co Ltd, Finning International Inc, and Ferronordic AB. These companies are all leaders in the heavy equipment industry, and they all compete for market share.
– Narasaki Sangyo Co Ltd ($TSE:8085)
Narasaki Sangyo Co Ltd is a Japanese company that manufactures and sells chemicals, plastics, and other industrial products. The company has a market cap of 8.44B as of 2022 and a Return on Equity of 8.36%. Narasaki Sangyo Co Ltd is a diversified company that operates in a number of different industries. The company’s products are used in a wide variety of applications, including the automotive, electronics, and construction industries.
– Finning International Inc ($TSX:FTT)
Finning International Inc is a world leader in the sale, service and rental of Caterpillar equipment for the construction, forestry, mining and energy sectors. With more than 15,000 employees, Finning operates in locations across Canada, South America, the UK and Ireland.
– Ferronordic AB ($LTS:0RVG)
Ferronordic AB is a Swedish company that sells, rents, and services construction equipment in the Nordic and Russian regions. The company has a market capitalization of 478.12 million as of 2022 and a return on equity of 19.37%. Ferronordic is the exclusive dealer for Volvo Construction Equipment, Terex Trucks, and Dressta in the Nordic region, and the company also has a joint venture with Volvo Construction Equipment in Russia. Ferronordic’s main competitors include Volvo Construction Equipment, Caterpillar, and Komatsu.
Summary
TITAN MACHINERY reported total revenue of $642.6 million for the second quarter of fiscal year 2024, a year-over-year increase of 29.4%. Net income was reported at $31.3 million, a 25.5% increase over the previous year. These results were accompanied by a rise in stock price, indicating a positive sentiment towards the company’s performance. Investors should keep an eye on TITAN MACHINERY, as its recent positive results may signal the potential for future growth and increasing returns for shareholders.
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