Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide.
Flawless balance sheet with questionable track record.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HURC underperformed the US Machinery industry which returned -17% over the past year.
Return vs Market: HURC underperformed the US Market which returned -8.1% over the past year.
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
3 days ago | Simply Wall StWhy Hurco Companies, Inc.’s (NASDAQ:HURC) Return On Capital Employed Might Be A Concern
2 weeks ago | Simply Wall StDividend Investors: Don't Be Too Quick To Buy Hurco Companies, Inc. (NASDAQ:HURC) For Its Upcoming Dividend
3 weeks ago | Simply Wall StWhat Is Hurco Companies's (NASDAQ:HURC) P/E Ratio After Its Share Price Tanked?
Is Hurco Companies undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HURC ($28.55) is trading above our estimate of fair value ($7.28)
Significantly Below Fair Value: HURC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HURC is poor value based on its PE Ratio (19.6x) compared to the Machinery industry average (15.5x).
PE vs Market: HURC is poor value based on its PE Ratio (19.6x) compared to the US market (13.3x).
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 (0.8x) compared to the US Machinery industry average (1.6x).
How is Hurco Companies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Hurco Companies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Capital Goods industry.
How has Hurco Companies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HURC has high quality earnings.
Growing Profit Margin: HURC's current net profit margins (4.2%) are lower than last year (8.2%).
Past Earnings Growth Analysis
Earnings Trend: HURC's earnings have grown by 6.2% per year over the past 5 years.
Accelerating Growth: HURC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HURC had negative earnings growth (-60.7%) over the past year, making it difficult to compare to the Machinery industry average (-0.9%).
Return on Equity
High ROE: HURC's Return on Equity (4.2%) is considered low.
How is Hurco Companies's financial position?
Financial Position Analysis
Short Term Liabilities: HURC's short term assets ($249.6M) exceed its short term liabilities ($47.3M).
Long Term Liabilities: HURC's short term assets ($249.6M) exceed its long term liabilities ($15.3M).
Debt to Equity History and Analysis
Debt Level: HURC is debt free.
Reducing Debt: HURC has no debt compared to 5 years ago when its debt to equity ratio was 1.9%.
Debt Coverage: HURC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HURC has no debt, therefore coverage of interest payments is not a concern.
What is Hurco Companies's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HURC's dividend (1.82%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.89%).
High Dividend: HURC's dividend (1.82%) is low compared to the top 25% of dividend payers in the US market (5.26%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HURC has been paying a dividend for less than 10 years.
Growing Dividend: HURC's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33%), HURC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Doar (64yo)
Mr. Michael Doar serves as Chief Executive Officer at Hurco Companies Inc. since November 14, 2001 and served as its President since October 31, 2009 until March 2013. Mr. Doar served as a Vice President o ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD2.70M) is above average for companies of similar size in the US market ($USD1.45M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
|Chairman & CEO||18.42yrs||US$2.70m||1.94% $3.7m|
|Executive VP||6.08yrs||US$1.44m||0.73% $1.4m|
Experienced Management: HURC's management team is seasoned and experienced (7.1 years average tenure).
|Chairman & CEO||18.42yrs||US$2.70m||1.94% $3.7m|
|Presiding Independent Director||7.83yrs||US$104.98k||0.46% $877.0k|
|Independent Director||5.08yrs||US$99.98k||0.15% $279.6k|
|Independent Director||12.08yrs||US$94.98k||0.32% $601.9k|
|Independent Director||1.08yrs||US$77.48k||0.060% $114.7k|
|Independent Director||8.08yrs||US$94.98k||0.22% $420.1k|
|Independent Director||5.08yrs||US$94.98k||0.15% $279.6k|
|Independent Director||3.08yrs||US$97.48k||0.11% $205.1k|
Experienced Board: HURC's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hurco Companies, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Hurco Companies, Inc.
- Ticker: HURC
- Exchange: NasdaqGS
- Founded: 1968
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$189.656m
- Shares outstanding: 6.64m
- Website: https://www.hurco.com
Number of Employees
- Hurco Companies, Inc.
- One Technology Way
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HURC||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Aug 1980|
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 include general-purpose computerized machine tools, including vertical machining centers and turning centers. It also provides computer control systems and related software for press brake applications. In addition, the company offers machine tool components, automation integration equipment, and solutions for job shops; and software options, control upgrades, hardware accessories, and replacement parts for its products, as well as customer service, training, and applications support services. It serves independent job shops and specialized short-run production applications within large manufacturing operations, as well as precision tool, die, and mold manufacturers in aerospace, defense, medical equipment, energy, automotive/transportation, electronics, and computer industries. The company sells its products under the Hurco, Milltronics, and Takumi brands through independent agents and distributors, as well as through its direct sales and service organizations. Hurco Companies, Inc. was founded in 1968 and is headquartered in Indianapolis, Indiana.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/10 03:06|
|End of Day Share Price||2020/04/09 00:00|
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.