Kulicke and Soffa Industries Inc.
Find Ratings ReportsKULICKE & SOFFA INDUSTRIES's gross profit margin for the first quarter of its fiscal year 2024 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. KULICKE & SOFFA INDUSTRIES is extremely liquid. Currently, the Quick Ratio is 4.93 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 1.35% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q1 FY24 | Q1 FY23 |
---|---|---|
Net Sales ($mil) | 171.19 | 176.23 |
EBITDA ($mil) | 9.68 | 17.92 |
EBIT ($mil) | 1.69 | 12.3 |
Net Income ($mil) | 9.29 | 14.59 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 709.66 | 795.61 |
Total Assets ($mil) | 1486.73 | 1549.82 |
Total Debt ($mil) | 48.42 | 47.17 |
Equity ($mil) | 1161.25 | 1177.23 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 50.55 | 52.73 |
EBITDA Margin | 5.65 | 10.16 |
Operating Margin | 0.99 | 6.98 |
Sales Turnover | 0.5 | 0.79 |
Return on Assets | 3.48 | 20.29 |
Return on Equity | 4.47 | 26.72 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 6.5 | 5.75 |
Debt/Capital | 0.04 | 0.04 |
Interest Expense | 0.02 | 0.03 |
Interest Coverage | 76.95 | 361.88 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 56.5 | 56.75 |
Div / share | 0.2 | 0.19 |
EPS | 0.16 | 0.25 |
Book value / share | 20.55 | 20.75 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 499798.0 | 529312.0 |
HOLD. KULICKE & SOFFA INDUSTRIES's P/E ratio indicates a significant premium compared to an average of 34.89 for the Machinery Manufacturing subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 2.31 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 15.81. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average.
Price/Earnings |
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Price/Cash Flow |
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KLIC 52.72 | Peers 34.89 | KLIC 32.73 | Peers 35.56 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. KLIC is trading at a significant premium to its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. KLIC is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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KLIC 18.11 | Peers 25.65 | KLIC 0.69 | Peers 5.15 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. KLIC is trading at a valuation on par with its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. KLIC trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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KLIC 2.31 | Peers 15.81 | KLIC -82.70 | Peers 20.44 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. KLIC is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, KLIC is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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KLIC 3.64 | Peers 8.34 | KLIC -39.51 | Peers 14.92 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. KLIC is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. KLIC significantly trails its peers on the basis of sales growth. |
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