Titan Machinery Stock Fair Value – TITAN MACHINERY Reports Decrease in Fourth Quarter Earnings of 19.3% to USD 18.1 Million.
March 30, 2023
Earnings Overview
Titan Machinery ($BER:3TY) released their financial results for the fourth quarter of FY2023, ending on January 31 2023. Their total revenue was USD 18.1 million, a decline of 19.3% compared to the same quarter in FY2022. Net income increased by 14.9% to USD 583.0 million year on year.
Market Price
On Thursday, TITAN MACHINERY reported a decrease in fourth quarter earnings of 19.3%, to USD 18.1 million. Shares of the company opened at €37.6 and closed the day at the same level, down 3.6% from the prior closing price of €39.0. The company’s fourth quarter results were impacted by declines in sales, margins and operating income due to lower shipments of agricultural and construction equipment. Operating income also decreased by 19.3%, largely due to lower sales volume and higher selling, general and administrative expenses. Going forward, TITAN MACHINERY is aiming to improve its performance with a focus on cost reduction initiatives, increasing revenue and expanding market share. The company is also investing in new technology and services to increase efficiency, reduce costs and improve customer service.
In addition, TITAN MACHINERY is positioning itself to capitalize on industry consolidation through strategic acquisitions. 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 Stock Fair Value
At GoodWhale, we have conducted analysis on TITAN MACHINERY‘s wellbeing. Our proprietary Valuation Line has calculated the intrinsic value of each TITAN MACHINERY share to be around €29.5. However, at the time of writing, the stocks of TITAN MACHINERY are traded at €37.6, which is overvalued by 27.7%. This implies an increase in risk for investors as the prices are inflated and may not correspond with the actual value of the stocks. More…
Summary
TITAN MACHINERY, reported their fourth quarter earnings for FY2023, with total revenue of USD 18.1 million, a 19.3% decrease from the same quarter in the previous year. Despite this decrease, net income increased by 14.9%, reaching USD 583.0 million. The stock price decreased on the same day of the earnings announcement, likely due to investors being disappointed by the lower revenue figures. Given the company’s recent performance, investors may want to remain cautious and conduct further analysis before making an investment decision.
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