AIT Stock Fair Value – 2023: Applied Industrial Technologies Stock Surges Ahead of Industrial Products Peers
February 3, 2023
Trending News 🌥️
AIT Stock Fair Value – 2023 has been an exciting year for Applied Industrial Technologies ($NYSE:AIT), a leading global distributor of bearings, power transmission, fluid power, and other industrial products. The company’s stock has seen a surge in performance compared to peers in the industrial product sector, making it one of the top performers of the year. The company has made major investments in its supply chain and technology, as well as its global presence, to ensure that its customers receive the best products and services possible. This commitment to excellence has paid off this year, as Applied Industrial Technologies’ stock performance has far surpassed that of its industrial product peers.
Analysts attribute this success to the company’s commitment to innovation, customer service, and industry-leading solutions. Applied Industrial Technologies’ success this year is certainly a reflection of its dedication to providing customers with superior products and services. With such strong performance in 2023, investors should keep an eye on Applied Industrial Technologies’ stock as it continues to surge ahead of other industrial product companies.
Share Price
On Wednesday, Applied Industrial Technologies surged ahead of its industrial products peers with a 1.8% increase in its stock price. The stock opened at $142.7 and closed at $145.7, surpassing its previous closing price of 143.2. This jump comes as no surprise, as the company has continued to experience significant growth over the past few years. Applied Industrial Technologies has made significant advancements in developing and implementing cutting-edge industrial technologies. They have become a leader in their field, providing high-quality products and services to their customers. This has enabled them to remain competitive in a rapidly changing industry.
In addition, Applied Industrial Technologies has implemented innovative strategies to streamline their operations. This includes utilizing advanced technology to enhance efficiency and productivity. Moreover, the company has adopted a customer-centric approach that allows them to better understand their customers’ needs and provide tailored solutions. These strategic measures have significantly improved Applied Industrial Technologies’ financial performance and allowed them to consistently outperform their competitors. With the industry projected to continue expanding over the next few years, analysts believe that Applied Industrial Technologies is well-positioned to capitalize on this growth. As such, their stock price is expected to continue to rise in the coming year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AIT. More…
| Total Revenues | Net Income | Net Margin |
| 4.16k | 304.76 | 7.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AIT. More…
| Operations | Investing | Financing |
| 195.13 | -44.99 | -138.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AIT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.52k | 1.23k | 31.67 |
Key Ratios Snapshot
Some of the financial key ratios for AIT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.4% | 18.1% | 10.1% |
| FCF Margin | ROE | ROA |
| 4.1% | 20.9% | 10.4% |
Analysis – AIT Stock Fair Value
GoodWhale has conducted research on Applied Industrial Technologies and concluded that the fair value of its shares is around $105.2, calculated by our proprietary Valuation Line. This value is significantly lower than the current stock price of $145.7, which is overvalued by 38.5%. The Valuation Line is a mathematical model that takes into account several key factors, such as the company’s financial performance, market conditions, and industry trends. By analyzing these factors, the model provides a fair assessment of the company’s true worth. In addition to calculating the fair value of Applied Industrial Technologies’ shares, GoodWhale also conducted an in-depth analysis of the company’s fundamentals. This analysis looked at the company’s balance sheet, income statement, and cash flow statement. It also studied the company’s competitive edge in the market, as well as its risk profile. All of this information was used to assess the true worth of Applied Industrial Technologies’ shares. Overall, GoodWhale’s proprietary Valuation Line has provided investors with an accurate assessment of the fair value of Applied Industrial Technologies’ shares. While the stock is currently trading at a higher price than the fair value, investors should be aware of the potential risks associated with such an investment. The research conducted by GoodWhale should provide investors with the necessary information to make an educated decision about their investments. More…
Peers
Applied Industrial Technologies Inc is in competition with Wajax Corp, Ohashi Technica Inc, and TAT Technologies Ltd. All four companies are vying for market share in the industrial technologies sector. Applied Industrial Technologies Inc has a strong history of innovation and customer service, which gives it a competitive advantage.
– Wajax Corp ($TSX:WJX)
Wajax is a leading provider of industrial products and services in Canada. With over 100 locations across the country, Wajax serves a wide range of customers in the mining, oil and gas, forestry, construction, transportation, manufacturing, industrial and municipal sectors. The company has a long history of providing quality products and services, and is dedicated to providing its customers with the best possible experience. Wajax has a market cap of 378.35M as of 2022, and a Return on Equity of 15.27%.
– Ohashi Technica Inc ($TSE:7628)
Ohashi Technica Inc is a Japanese company that manufactures and sells machinery and equipment. It has a market capitalization of 18.92 billion as of 2022 and a return on equity of 4.44%. The company’s products include lathes, machining centers, grinders, and other machine tools. It also offers engineering services such as design, development, and consultation.
– TAT Technologies Ltd ($NASDAQ:TATT)
TAT Technologies Ltd is an aerospace and defense company that provides products and services to the aviation, aerospace, and defense industries. The company has a market cap of $56.27 million and a return on equity of -3.57%. TAT Technologies Ltd provides products and services to the aviation, aerospace, and defense industries. The company designs, manufactures, repairs, and overhauls aircraft components and systems. It also provides engineering, technical, and aftermarket services.
Summary
Applied Industrial Technologies (AIT) stock has seen a significant surge in recent months, outperforming many of its peers in the industrial products sector. This strong performance is largely attributed to strong sales growth and a diversified product portfolio, as well as the company’s strong balance sheet. The company’s financial statements have also been bolstered by an increase in net income, increased cash flow from operations, and a decrease in liabilities. AIT’s long-term prospects look promising and investors should consider it as a potential investment option.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
