NasdaqGS:HURC

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Executive Summary

Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Hurco Companies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HURC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: HURC's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.8%

HURC

1.7%

US Machinery

2.1%

US Market


1 Year Return

-14.9%

HURC

18.2%

US Machinery

19.8%

US Market

Return vs Industry: HURC underperformed the US Machinery industry which returned 18.2% over the past year.

Return vs Market: HURC underperformed the US Market which returned 19.7% over the past year.


Shareholder returns

HURCIndustryMarket
7 Day3.8%1.7%2.1%
30 Day2.8%13.7%8.1%
90 Day4.0%15.2%6.0%
1 Year-13.4%-14.9%21.3%18.2%22.5%19.8%
3 Year-28.6%-31.4%31.2%21.8%46.5%36.8%
5 Year23.5%15.8%127.2%101.8%96.9%75.3%

Long-Term Price Volatility Vs. Market

How volatile is Hurco Companies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hurco Companies undervalued compared to its fair value and its price relative to the market?

0.86x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: HURC ($30.61) is trading above our estimate of fair value ($6.94)

Significantly Below Fair Value: HURC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HURC is unprofitable, so we can't compare its PE Ratio to the US Machinery industry average.

PE vs Market: HURC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HURC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HURC is good value based on its PB Ratio (0.9x) compared to the US Machinery industry average (2.8x).


Next Steps

Future Growth

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

23.3%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hurco Companies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Hurco Companies performed over the past 5 years?

-4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HURC is currently unprofitable.

Growing Profit Margin: HURC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HURC is unprofitable, and losses have increased over the past 5 years at a rate of 4% per year.

Accelerating Growth: Unable to compare HURC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HURC is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-15.6%).


Return on Equity

High ROE: HURC has a negative Return on Equity (-0.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hurco Companies's financial position?


Financial Position Analysis

Short Term Liabilities: HURC's short term assets ($249.2M) exceed its short term liabilities ($50.6M).

Long Term Liabilities: HURC's short term assets ($249.2M) exceed its long term liabilities ($14.7M).


Debt to Equity History and Analysis

Debt Level: HURC is debt free.

Reducing Debt: HURC has no debt compared to 5 years ago when its debt to equity ratio was 0.9%.

Debt Coverage: HURC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HURC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

1.70%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: HURC's dividend (1.7%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: HURC's dividend (1.7%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, HURC has been paying a dividend for less than 10 years.

Growing Dividend: HURC's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: HURC is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.7yrs

Average management tenure


CEO

Michael Doar (65 yo)

19yrs

Tenure

US$2,703,657

Compensation

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 o...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD2.70M) is above average for companies of similar size in the US market ($USD1.11M).

Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Doar
Chairman & CEO19yrsUS$2.70m2.02%
$ 4.1m
Gregory Volovic
President1.67yrsUS$1.76m0.74%
$ 1.5m
Sonja McClelland
Executive VP6.67yrsUS$1.44m0.74%
$ 1.5m

7.7yrs

Average Tenure

55yo

Average Age

Experienced Management: HURC's management team is seasoned and experienced (7.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Doar
Chairman & CEO19yrsUS$2.70m2.02%
$ 4.1m
Gregory Volovic
President1.67yrsUS$1.76m0.74%
$ 1.5m
Robert Cruickshank
Presiding Independent Director8.42yrsUS$104.98k0.47%
$ 940.2k
Jay Longbottom
Independent Director5.67yrsUS$99.98k0.15%
$ 299.8k
Janaki Sivanesan
Independent Director12.67yrsUS$94.98k0.32%
$ 645.4k
Cynthia Dubin
Independent Director1.67yrsUS$77.48k0.061%
$ 123.0k
Richard Porter
Independent Director8.67yrsUS$94.98k0.094%
$ 189.6k
Thomas Aaro
Independent Director5.67yrsUS$94.98k0.15%
$ 299.8k
Timothy Gardner
Independent Director3.67yrsUS$97.48k0.11%
$ 219.9k

5.7yrs

Average Tenure

64yo

Average Age

Experienced Board: HURC's board of directors are considered experienced (5.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HURC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hurco Companies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hurco Companies, Inc.
  • Ticker: HURC
  • Exchange: NasdaqGS
  • Founded: 1968
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$200.960m
  • Shares outstanding: 6.57m
  • Website: https://www.hurco.com

Number of Employees


Location

  • Hurco Companies, Inc.
  • One Technology Way
  • Indianapolis
  • Indiana
  • 46268
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HURCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 1980

Biography

Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company’s principal products i...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 23:59
End of Day Share Price2020/11/25 00:00
Earnings2020/07/31
Annual Earnings2019/10/31


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.