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Hurco Companies

Nasdaq:HURC
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HURC
Nasdaq
$235M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The last earnings update was 9 days ago. More info.


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HURC Share Price and Events
7 Day Returns
-2.4%
NasdaqGS:HURC
0.3%
US Machinery
0.5%
US Market
1 Year Returns
-19.3%
NasdaqGS:HURC
-2%
US Machinery
0.8%
US Market
HURC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hurco Companies (HURC) -2.4% -6.5% -14.2% -19.3% 24.4% 27.1%
US Machinery 0.3% -0.1% 0.3% -2% 42.5% 20.2%
US Market 0.5% -0.1% 1% 0.8% 37.5% 37.5%
1 Year Return vs Industry and Market
  • HURC underperformed the Machinery industry which returned -2% over the past year.
  • HURC underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
HURC
Industry
5yr Volatility vs Market

HURC Value

 Is Hurco Companies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hurco Companies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hurco Companies.

NasdaqGS:HURC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:HURC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 21%) (0%))
1.042
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.042 * 5.96%)
8.94%

Discounted Cash Flow Calculation for NasdaqGS:HURC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hurco Companies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:HURC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.94%)
2019 0.23 Est @ -52.11% 0.21
2020 0.15 Est @ -35.66% 0.12
2021 0.11 Est @ -24.14% 0.09
2022 0.09 Est @ -16.08% 0.07
2023 0.08 Est @ -10.44% 0.05
2024 0.08 Est @ -6.49% 0.05
2025 0.07 Est @ -3.72% 0.04
2026 0.07 Est @ -1.79% 0.04
2027 0.07 Est @ -0.43% 0.03
2028 0.07 Est @ 0.52% 0.03
Present value of next 10 years cash flows $0.72
NasdaqGS:HURC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.07 × (1 + 2.73%) ÷ (8.94% – 2.73%)
$1.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1.21 ÷ (1 + 8.94%)10
$0.52
NasdaqGS:HURC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $0.72 + $0.52
$1.24
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1.24 / 6.57
$0.19
NasdaqGS:HURC Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.19
Current discount Discount to share price of $35.82
= -1 x ($35.82 - $0.19) / $0.19
-18864.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hurco Companies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hurco Companies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hurco Companies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:HURC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in USD $3.94
NasdaqGS:HURC Share Price ** NasdaqGS (2019-06-14) in USD $35.82
United States of America Machinery Industry PE Ratio Median Figure of 99 Publicly-Listed Machinery Companies 20.41x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hurco Companies.

NasdaqGS:HURC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:HURC Share Price ÷ EPS (both in USD)

= 35.82 ÷ 3.94

9.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hurco Companies is good value based on earnings compared to the US Machinery industry average.
  • Hurco Companies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hurco Companies's expected growth come at a high price?
Raw Data
NasdaqGS:HURC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14.9%per year
United States of America Machinery Industry PEG Ratio Median Figure of 80 Publicly-Listed Machinery Companies 1.45x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Hurco Companies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hurco Companies's assets?
Raw Data
NasdaqGS:HURC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in USD $34.58
NasdaqGS:HURC Share Price * NasdaqGS (2019-06-14) in USD $35.82
United States of America Machinery Industry PB Ratio Median Figure of 127 Publicly-Listed Machinery Companies 2.23x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:HURC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:HURC Share Price ÷ Book Value per Share (both in USD)

= 35.82 ÷ 34.58

1.04x

* Primary Listing of Hurco Companies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hurco Companies is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess Hurco Companies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Hurco Companies has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HURC Future Performance

 How is Hurco Companies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Hurco Companies, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hurco Companies expected to grow at an attractive rate?
  • Hurco Companies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hurco Companies's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Hurco Companies's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:HURC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:HURC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.9%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:HURC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:HURC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-04-30 307 6 27
2019-01-31 306 3 25
2018-10-31 301 21 21
2018-07-31 294 24 20
2018-04-30 276 22 17
2018-01-31 263 29 17
2017-10-31 244 30 15
2017-07-31 234 25 11
2017-04-30 226 22 10
2017-01-31 220 10 10
2016-10-31 227 -7 13
2016-07-31 227 0 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hurco Companies's earnings are expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Hurco Companies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:HURC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hurco Companies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HURC Past Financials Data
Date (Data in USD Millions) EPS *
2019-04-30 3.94
2019-01-31 3.73
2018-10-31 3.19
2018-07-31 2.96
2018-04-30 2.58
2018-01-31 2.57
2017-10-31 2.27
2017-07-31 1.72
2017-04-30 1.55
2017-01-31 1.55
2016-10-31 2.01
2016-07-31 2.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hurco Companies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hurco Companies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hurco Companies has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HURC Past Performance

  How has Hurco Companies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hurco Companies's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hurco Companies's year on year earnings growth rate has been positive over the past 5 years.
  • Hurco Companies's 1-year earnings growth exceeds its 5-year average (54.5% vs 11.1%)
  • Hurco Companies's earnings growth has exceeded the US Machinery industry average in the past year (54.5% vs 28.5%).
Earnings and Revenue History
Hurco Companies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hurco Companies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HURC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 306.69 26.52 54.75 4.70
2019-01-31 306.44 25.04 53.46 4.70
2018-10-31 300.67 21.36 52.01 4.70
2018-07-31 293.55 19.76 51.83 4.20
2018-04-30 275.57 17.17 49.07 4.20
2018-01-31 263.37 17.06 47.46 4.20
2017-10-31 243.67 15.02 45.66 4.20
2017-07-31 234.09 11.34 45.25 4.90
2017-04-30 225.72 10.19 44.90 4.90
2017-01-31 219.53 10.22 45.13 4.90
2016-10-31 227.29 13.22 45.92 4.90
2016-07-31 226.63 15.01 43.98 3.90
2016-04-30 226.76 15.97 43.29 3.90
2016-01-31 224.91 16.25 42.19 3.90
2015-10-31 219.38 16.12 41.39 3.90
2015-07-31 215.91 16.17 42.20 3.40
2015-04-30 218.76 16.85 42.71 3.40
2015-01-31 222.31 16.42 43.07 3.40
2014-10-31 222.30 15.02 43.22 3.40
2014-07-31 214.02 12.08 41.80 3.00
2014-04-30 203.80 8.58 39.95 3.00
2014-01-31 199.69 8.22 39.42 3.00
2013-10-31 192.80 8.10 37.74 3.00
2013-07-31 194.93 10.28 38.88 2.60
2013-04-30 199.73 13.35 39.14 2.60
2013-01-31 196.08 13.14 37.75 2.60
2012-10-31 203.12 15.50 38.56 2.60
2012-07-31 195.62 14.09 37.88 2.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hurco Companies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hurco Companies used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
  • Hurco Companies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hurco Companies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hurco Companies has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HURC Health

 How is Hurco Companies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hurco Companies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hurco Companies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hurco Companies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hurco Companies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Hurco Companies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hurco Companies Company Filings, last reported 1 month ago.

NasdaqGS:HURC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 234.03 0.00 70.18
2019-01-31 230.02 0.00 69.76
2018-10-31 222.85 1.43 77.17
2018-07-31 216.08 1.47 77.01
2018-04-30 212.31 1.58 76.38
2018-01-31 210.10 1.59 80.24
2017-10-31 203.09 1.51 66.31
2017-07-31 196.97 1.49 61.15
2017-04-30 192.13 1.45 60.61
2017-01-31 186.55 1.45 55.14
2016-10-31 185.48 1.48 41.22
2016-07-31 182.92 1.50 42.20
2016-04-30 180.75 1.55 45.33
2016-01-31 175.10 1.52 51.79
2015-10-31 174.57 1.58 55.24
2015-07-31 171.68 1.61 50.00
2015-04-30 170.40 3.23 64.72
2015-01-31 165.27 3.20 59.86
2014-10-31 164.65 3.27 53.85
2014-07-31 161.25 3.24 51.35
2014-04-30 157.09 3.20 46.67
2014-01-31 152.88 3.30 47.99
2013-10-31 151.49 3.67 42.80
2013-07-31 148.41 5.74 44.61
2013-04-30 148.33 3.24 43.28
2013-01-31 145.56 3.22 39.11
2012-10-31 143.79 3.21 35.77
2012-07-31 138.49 3.14 35.10
  • Hurco Companies has no debt.
  • Hurco Companies has no debt compared to 5 years ago when it was 2%.
  • Hurco Companies has no debt, it does not need to be covered by operating cash flow.
  • Hurco Companies has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Hurco Companies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hurco Companies has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HURC Dividends

 What is Hurco Companies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.34%
Current annual income from Hurco Companies dividends.
If you bought $2,000 of Hurco Companies shares you are expected to receive $27 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hurco Companies's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Hurco Companies's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Upcoming dividend payment

Purchase Hurco Companies before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:HURC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:HURC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-14 0.480 1.340
2019-03-15 0.480 1.246
2018-11-16 0.440 1.143
2018-09-12 0.440 1.025
2018-06-15 0.440 1.004
2018-03-16 0.440 0.955
2018-03-09 0.400 0.854
2017-11-17 0.400 0.918
2017-06-09 0.400 1.074
2017-03-10 0.400 1.364
2016-11-11 0.360 1.174
2016-09-14 0.360 1.317
2016-06-10 0.360 1.269
2016-03-10 0.360 1.127
2015-11-13 0.320 1.230
2015-09-09 0.320 1.166
2015-03-13 0.320 0.981
2014-11-14 0.280 0.810
2014-09-10 0.280 0.776
2014-06-06 0.280 0.903
2014-03-14 0.280 1.046
2013-12-13 0.200 0.791
2013-09-13 0.200 0.789
2013-06-17 0.200 0.700

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Hurco Companies has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hurco Companies only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Hurco Companies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hurco Companies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hurco Companies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hurco Companies has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HURC Management

 What is the CEO of Hurco Companies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Doar
COMPENSATION $2,633,537
AGE 63
TENURE AS CEO 17.6 years
CEO Bio

Mr. Michael Doar serves as Chief Executive Officer at Hurco Companies Inc. since November 14, 2001 and served as its President since October 31, 2009 until March 2013. Mr. Doar served as a Vice President of Sales and Marketing at Ingersoll Contract Manufacturing Company, a subsidiary of Ingersoll International. He had held various management positions with Ingersoll Milling Machine Company from 1989 to 2001. He has been the Chairman of the Board at Hurco Companies Inc. since November 14, 2001. He serves as Director at Hurco Companies Inc. Indianapolis, Indiana since 2000 and Twin Disc, Incorporated since October 2008. Mr. Doar is a sitting CEO of a public company.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Michael's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hurco Companies management team in years:

6.3
Average Tenure
53
Average Age
  • The average tenure for the Hurco Companies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Doar

TITLE
Chairman & CEO
COMPENSATION
$3M
AGE
63
TENURE
17.6 yrs

Greg Volovic

TITLE
President
COMPENSATION
$2M
AGE
53
TENURE
6.3 yrs

Sonja McClelland

TITLE
Executive VP
COMPENSATION
$1M
AGE
46
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Hurco Companies board of directors in years:

5.6
Average Tenure
61
Average Age
  • The tenure for the Hurco Companies board of directors is about average.
Board of Directors

Greg Volovic

TITLE
President
COMPENSATION
$2M
AGE
53
TENURE
0.3 yrs

Bob Cruickshank

TITLE
Presiding Independent Director
COMPENSATION
$105K
AGE
72
TENURE
7 yrs

Michael Doar

TITLE
Chairman & CEO
COMPENSATION
$3M
AGE
63
TENURE
17.6 yrs

Jay Longbottom

TITLE
Independent Director
COMPENSATION
$100K
AGE
65
TENURE
4.3 yrs

Tim Gardner

TITLE
Independent Director
COMPENSATION
$94K
AGE
62
TENURE
2.3 yrs

Janu Sivanesan

TITLE
Independent Director
COMPENSATION
$95K
AGE
46
TENURE
11.3 yrs

Andrew Niner

TITLE
Independent Director
COMPENSATION
$90K
AGE
40
TENURE
7.3 yrs

Richard Porter

TITLE
Independent Director
COMPENSATION
$95K
AGE
62
TENURE
7.3 yrs

Thomas Aaro

TITLE
Director
COMPENSATION
$95K
AGE
60
TENURE
4.3 yrs

Cynthia Dubin

TITLE
Director
AGE
56
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. Nov 18 Buy Janaki Sivanesan Individual 27. Nov 18 27. Nov 18 34 $38.41 $1,306
X
Management checks
We assess Hurco Companies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hurco Companies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HURC News

Simply Wall St News

Some Hurco Companies (NASDAQ:HURC) Shareholders Are Down 25%

Even though the Hurco Companies share price is down over the year, its EPS actually improved. … We've already covered Hurco Companies's share price action, but we should also mention its total shareholder return (TSR). … Dividends have been really beneficial for Hurco Companies shareholders, and that cash payout explains why its total shareholder loss of 24%, over the last year, isn't as bad as the share price return.

Simply Wall St -

Does Hurco Companies, Inc. (NASDAQ:HURC) Have A Place In Your Dividend Portfolio?

With a 1.3% yield and a six-year payment history, investors probably think Hurco Companies looks like a reliable dividend stock. … Conclusion To summarise, shareholders should always check that Hurco Companies's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … While we're not hugely bearish on it, overall we think there are potentially better dividend stocks than Hurco Companies out there.

Simply Wall St -

Hurco Companies, Inc. (NASDAQ:HURC) Has Attractive Fundamentals

Help shape the future of investing tools and you could win a $250 gift card! … (NASDAQ:HURC) is a company with exceptional fundamental characteristics. … is a company with great financial health as well as a

Simply Wall St -

Should You Be Adding Hurco Companies (NASDAQ:HURC) To Your Watchlist Today?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. … If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Hurco Companies (NASDAQ:HURC). … Hurco Companies maintained stable EBIT margins over the last year, all while growing revenue 16% to US$306m.

Simply Wall St -

Can Hurco Companies, Inc. (NASDAQ:HURC) Improve Its Returns?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Hurco Companies, Inc. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Kind Of Shareholder Appears On The Hurco Companies, Inc.'s (NASDAQ:HURC) Shareholder Register?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of US$268m, Hurco Companies is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Hurco Companies

Simply Wall St -

The Hurco Companies Share Price Is Up 64% And Shareholders Are Holding On

(NASDAQ:HURC) shareholders have enjoyed a 64% share price rise over the last half decade, well in excess of the market return of around 40% (not including dividends). … During five years of share price growth, Hurco Companies achieved compound earnings per share (EPS) growth of 20% per year. … This EPS growth is higher than the 10% average annual increase in the share price.

Simply Wall St -

What Did Hurco Companies, Inc.'s (NASDAQ:HURC) CEO Take Home Last Year?

Michael Doar has been the CEO of Hurco Companies, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Michael Doar's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does Hurco Companies, Inc. (NASDAQ:HURC) Have A Place In Your Dividend Stock Portfolio?

Historically, Hurco Companies, Inc. … Does Hurco Companies tick all the boxes of a great dividend stock? … See our latest analysis for Hurco Companies

Simply Wall St -

How Many Insiders Sold Hurco Companies, Inc. (NASDAQ:HURC) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … (NASDAQ:HURC), you may well want to know whether insiders have been buying or selling. … Although we don't gain confidence from insider selling, we note that this large sale was at well above current price of US$37.24

Simply Wall St -

HURC Company Info

Description

Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools; machine tools with computer control systems; and industry standard CNC controls, including Fanuc, Siemens, Mitsubishi, or Heidenhain. In addition, the company offers Autobend, a computer control system for metal bending press brake machines; software option products for part programming; and LCM machine tool components and accessories, including CNC rotary and tilt tables, and swivel heads and electro-spindles. Further, it provides installation, warranty, operator training, and customer support services; and sells software options, computer control upgrades, accessories, and replacement parts for its products. The company serves precision tool, die, and mold manufacturers; independent job shops; and specialized short-run production applications, as well as original equipment manufacturers of new metal fabrication machine tools. It sells its products through independent agents and distributors; and direct sales and service organizations under the Hurco, Milltronics, and Takumi brands. Hurco Companies, Inc. was founded in 1968 and is headquartered in Indianapolis, Indiana.

Details
Name: Hurco Companies, Inc.
HURC
Exchange: NasdaqGS
Founded: 1968
$235,221,164
6,566,755
Website: http://www.hurco.com
Address: Hurco Companies, Inc.
One Technology Way,
Indianapolis,
Indiana, 46268,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS HURC Common Stock Nasdaq Global Select US USD 27. Aug 1980
Number of employees
Current staff
Staff numbers
800
Hurco Companies employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 23:37
End of day share price update: 2019/06/14 00:00
Last earnings filing: 2019/06/07
Last earnings reported: 2019/04/30
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.