AIT Stock Fair Value Calculation – Applied Industrial Technologies Announces Positive Fiscal 2024 First Quarter Results
October 28, 2023
☀️Trending News
Applied Industrial Technologies ($NYSE:AIT) (AIT) is a leading provider of motion control, fluid power, and other industrial components that support the everyday operations of a wide range of industries. The company has recently announced positive results for the first quarter of its fiscal year 2024. The company attributed much of the success to their new online platform, which has become increasingly popular among customers and allowed them to access and purchase industrial supplies more easily than ever before. Furthermore, AIT’s focus on customer service, quality products, and competitive pricing have all contributed to the company’s positive performance in the first quarter.
Overall, AIT’s strong financial results demonstrate that the company is well-positioned for continued growth and success. With the addition of their new online platform, AIT is set to continue providing customers with quality products and exceptional customer service for years to come.
Stock Price
Despite the overall market decline, stock opened at $154.9 and closed at $150.8, down by 2.7% from previous closing price of 155.0. This strong performance is attributed to the company’s strategic investments in research and development, customer service, and new product development. APPLIED INDUSTRIAL TECHNOLOGIES is confident that their investment in these areas will result in sustained growth and profitability in the future. Overall, the company’s strong first quarter results demonstrate APPLIED INDUSTRIAL TECHNOLOGIES’ continued commitment to providing quality products and services to their customers. The company looks forward to continued success throughout the remainder of the fiscal 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 |
| 4.41k | 346.74 | 7.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AIT. More…
| Operations | Investing | Financing |
| 343.97 | -60.83 | -126.89 |
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 |
| 2.74k | 1.28k | 37.73 |
Key Ratios Snapshot
Some of the financial key ratios for AIT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 29.0% | 10.8% |
| FCF Margin | ROE | ROA |
| 7.2% | 20.9% | 10.8% |
Analysis – AIT Stock Fair Value Calculation
At GoodWhale, we have conducted an analysis of APPLIED INDUSTRIAL TECHNOLOGIES’ wellbeing. Through our proprietary Valuation Line, we have determined the fair value of APPLIED INDUSTRIAL TECHNOLOGIES’ shares to be approximately $126.2. However, the stock is currently being traded at $150.8, which is 19.5% higher than the fair price. This means that APPLIED INDUSTRIAL TECHNOLOGIES stock is currently overvalued. More…
Peers
Applied Industrial Technologies Inc is in competition with Wajax Corp, Ohashi Technica Inc, and TAT Technologies Ltd. All four companies are vying for market share in the industrial technologies sector. Applied Industrial Technologies Inc has a strong history of innovation and customer service, which gives it a competitive advantage.
– Wajax Corp ($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 reported strong first quarter results for fiscal year 2024. Overall, the company’s financial performance remains strong, supported by cost-containment efforts and strong free cash flow generation.
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