NasdaqGS:HURC

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with solid track record.

Risks

  • Hurco Companies is not covered by any analysts.

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


Market Performance


7 Day Return

-0.8%

NasdaqGS:HURC

-1.0%

US Machinery

-0.02%

US Market


1 Year Return

-27.6%

NasdaqGS:HURC

-5.4%

US Machinery

1.6%

US Market

HURC underperformed the Machinery industry which returned -4.3% over the past year.

HURC underperformed the Market in United States of America which returned 1.9% over the past year.


Share holder returns

HURCIndustryMarket
7 Day-0.8%-1.0%-0.02%
30 Day-0.3%7.1%2.7%
90 Day-9.3%-1.0%1.4%
1 Year-26.8%-27.6%-3.4%-5.4%3.8%1.6%
3 Year19.6%15.6%49.2%39.5%45.2%35.8%
5 Year-7.7%-12.7%55.3%36.1%61.8%44.1%

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 based on future cash flows and its price relative to the stock market?

9.39x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Hurco Companies's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Hurco Companies's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Unable to calculate PEG ratio for Hurco Companies, we can't assess if its growth is good value.


Price Based on Value of Assets

Hurco Companies is good value based on assets compared to the US Machinery industry average.


Next Steps

Future Growth

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

15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Hurco Companies is high growth as no revenue estimate data is available.

Hurco Companies's earnings are expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).

Unable to compare Hurco Companies's revenue growth to the United States of America market average as no estimate data is available.

Hurco Companies's earnings growth is expected to exceed the United States of America market average.

Hurco Companies's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Hurco Companies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Hurco Companies performed over the past 5 years?

10.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (19% vs 10.4%)

Hurco Companies's earnings growth has exceeded the US Machinery industry average in the past year (19% vs 18.7%).


Return on Equity

Hurco Companies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Hurco Companies used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.


Return on Capital Employed

Hurco Companies has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Hurco Companies's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

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.


Balance Sheet

High level of physical assets or inventory.

Hurco Companies has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

1.47%

Current Dividend Yield


Upcoming Dividend Payment

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


Dividend Yield and Payments Analysis

Hurco Companies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Hurco Companies's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).

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

Dividends paid are thoroughly covered by earnings (7.6x 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.


Next Steps

Management

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

6.5yrs

Average management tenure


CEO

Michael Doar (64yo)

17.8yrs

Tenure

US$2,633,537

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

Michael's remuneration is higher than average for companies of similar size in United States of America.

Michael's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

6.5yrs

Average Tenure

54yo

Average Age

The average tenure for the Hurco Companies management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.9yrs

Average Tenure

62yo

Average Age

The tenure for the Hurco Companies board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$1,30629 Nov 18
Janaki Sivanesan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares34
Max PriceUS$38.41

Ownership Breakdown


Management Team

  • Michael Doar (64yo)

    Chairman & CEO

    • Tenure: 17.8yrs
    • Compensation: US$2.63m
  • Sonja McClelland (47yo)

    Executive VP

    • Tenure: 5.5yrs
    • Compensation: US$1.20m
  • Greg Volovic (54yo)

    President

    • Tenure: 0.5yrs
    • Compensation: US$1.73m

Board Members

  • Bob Cruickshank (73yo)

    Presiding Independent Director

    • Tenure: 7.3yrs
    • Compensation: US$104.96k
  • Michael Doar (64yo)

    Chairman & CEO

    • Tenure: 17.8yrs
    • Compensation: US$2.63m
  • Jay Longbottom (66yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: US$99.96k
  • Janu Sivanesan (47yo)

    Independent Director

    • Tenure: 11.5yrs
    • Compensation: US$94.96k
  • Cynthia Dubin (57yo)

    Director

    • Tenure: 0.5yrs
  • Greg Volovic (54yo)

    President

    • Tenure: 0.5yrs
    • Compensation: US$1.73m
  • Andrew Niner (41yo)

    Independent Director

    • Tenure: 7.5yrs
    • Compensation: US$89.96k
  • Richard Porter (63yo)

    Independent Director

    • Tenure: 7.5yrs
    • Compensation: US$94.96k
  • Thomas Aaro (61yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: US$94.96k
  • Tim Gardner (63yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$93.71k

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$221.559m
  • Shares outstanding: 6.77m
  • 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 offers general purpose ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 23:35
End of Day Share Price2019/09/18 00:00
Earnings2019/07/31
Annual Earnings2018/10/31


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.