InTest Financials

INTT Stock  USD 22.62  2.02  9.81%   
InTest Net Income Per Employee is comparatively stable at the moment as compared to the past year. InTest reported Net Income Per Employee of 24,454 in 2022. Revenue Per Employee is likely to gain to about 367 K in 2023, whereas Free Cash Flow is likely to drop (2.8 M) in 2023.
  
With this module, you can analyze InTest financials for your investing period. You should be able to track the changes in InTest individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.

InTest Most Recent Estimates

Quarterly Earnings Growth
4
EPS Estimate Next Quarter
0.29
Diluted Eps
0.97
EPS Estimate Current Year
1.16
EPS Estimate Next Year
1.3
Understanding current and past InTest Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of InTest's financial statements are interrelated, with each one affecting the others. For example, an increase in InTest's assets may result in an increase in income on the income statement.
The financial analysis of InTest is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for InTest includes many different criteria found on its balance sheet. For example, investors should never minimize InTest's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor InTest's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in InTest.

Cash and Equivalents

15.21 Million

Evaluating InTest's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of InTest's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the InTest's relative financial performance

Chance Of Distress

Less than 2

 
100  
 
0
InTest has less than 2 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for InTest stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, InTest's odds of distress score SHOULD NOT be confused with the real chance of InTest filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as InTest is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include InTest's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in InTest's official financial statements usually reflect InTest's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of InTest. For example, before you start analyzing numbers published by InTest accountants, it's critical to develop an understanding of what InTest's liquidity, profitability, and earnings quality are in the context of the Semiconductors & Semiconductor Equipment space in which it operates.
Please note, the presentation of InTest's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, InTest's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in InTest's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of InTest. Please utilize our Beneish M Score to check the likelihood of InTest's management manipulating its earnings.

InTest Company Summary

InTest competes with Nano Labs, Arteris, Intchains Group, Valens, and GSI Technology. inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defenseaerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company markets and sells its products to semiconductor manufacturers, third-party foundries, test and assembly providers, and original equipment manufacturers. inTEST Corporation was incorporated in 1981 and is headquartered in Mount Laurel, New Jersey. Intest Corp operates under Semiconductor Equipment Materials classification in the United States and is traded on AMEX Exchange. It employs 303 people.
Specialization
Information Technology, Semiconductors & Semiconductor Equipment
InstrumentUSA Stock View All
ExchangeNYSE MKT Exchange
CIK Number0001036262
ISINUS4611471008
CUSIP461147100
RegionNorth America
LocationNew Jersey; U.S.A
Business Address804 East Gate
SectorSemiconductors & Semiconductor Equipment
IndustryInformation Technology
BenchmarkNYSE Composite
Websitewww.intest.com
Phone856 505 8801
CurrencyUSD - US Dollar
You should never invest in InTest without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of InTest Stock, because this is throwing your money away. Analyzing the key information contained in InTest's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

InTest Key Financial Ratios

Generally speaking, InTest's financial ratios allow both analysts and investors to convert raw data from InTest's financial statements into concise, actionable information that can be used to evaluate the performance of InTest over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that InTest reports annually and quarterly.

InTest Key Balance Sheet Accounts

201820192020202120222023 (projected)
Inventories6.52 M7.18 M7.48 M12.86 M22.57 M24.35 M
Receivables10.56 M9.3 M8.44 M16.54 M21.21 M22.89 M
Accounts Payable1.79 M1.98 M2.42 M4.28 M7.39 M7.98 M
Total Assets67.19 M59.72 M62.03 M103.91 M110.07 M92.39 M
Current Assets35.62 M24.89 M26.96 M52.08 M60.05 M52.16 M
Assets Non Current31.57 M34.82 M35.07 M51.83 M50.02 M40.24 M
Cash and Equivalents17.86 M7.61 M10.28 M21.2 M14.58 M15.21 M
Deferred Revenue1.26 M456 K396 K6.04 M4.5 M4.85 M
Inventory6.52 M7.18 M7.48 M12.86 M22.57 M24.35 M
Total Liabilities24.31 M14.88 M17.28 M49.08 M45.11 M48.67 M
Current Liabilities21.42 M8.36 M8.86 M25.07 M26.87 M28.99 M
Tax Liabilities3.39 M3.13 M2.75 M3.4 M1.41 M1.85 M

InTest Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what InTest's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201820192020202120222023 (projected)
Direct Expenses39.16 M31.43 M29.72 M43.65 M63.39 M68.39 M
Consolidated Income3.04 M2.32 M(895 K)7.28 M8.46 M9.13 M
Cost of Revenue39.16 M31.43 M29.72 M43.65 M63.39 M51.55 M
Gross Profit39.4 M29.23 M24.1 M41.22 M53.44 M44.95 M
Net Income3.04 M2.32 M(895 K)7.28 M8.46 M9.13 M
Operating Expenses27.32 M26.68 M25.34 M32.77 M42.72 M36.06 M
Operating Income12.08 M2.55 M(1.23 M)8.46 M10.72 M8.89 M
Revenues78.56 M60.66 M53.82 M84.88 M116.83 M96.5 M
Income Tax Expense2.01 M282 K(336 K)1.12 M1.68 M1.39 M

InTest Key Cash Accounts

Cash flow analysis captures how much money flows into and out of InTest. It measures of how well InTest is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money InTest brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money InTest had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what InTest has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201820192020202120222023 (projected)
Capital Expenditure(2.21 M)(620 K)(648 K)(994 K)(1.36 M)(1.4 M)
Depreciation Amortization and Accretion1.87 M3.19 M3.17 M3.15 M4.73 M5.11 M
Net Cash Flow or Change in Cash and Cash Equivalents4.57 M(10.25 M)2.67 M10.92 M(6.62 M)(6.79 M)
Net Cash Flow from Investing(6.33 M)(620 K)(648 K)(21.37 M)(1.17 M)(1.27 M)
Net Cash Flow from Operations10.96 M(8.4 M)3.25 M10.84 M(1.39 M)(1.43 M)
Effect of Exchange Rate Changes on Cash(54 K)(82 K)139 K(277 K)(324 K)(332.53 K)
Share Based Compensation653 K884 K671 K1.46 M1.82 M1.97 M

InTest Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining InTest's current stock value. Our valuation model uses many indicators to compare InTest value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across InTest competition to find correlations between indicators driving InTest's intrinsic value. More Info.
InTest is rated third overall in ebitda category among related companies. It is rated third overall in cash flow from operations category among related companies . InTest Earnings Before Interest Taxes and Depreciation Amortization EBITDA are comparatively stable at the moment as compared to the past year. InTest reported Earnings Before Interest Taxes and Depreciation Amortization EBITDA of 15.51 Million in 2022. Comparative valuation analysis is a catch-all model that can be used if you cannot value InTest by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for InTest's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the InTest's earnings, one of the primary drivers of an investment's value.

InTest Systematic Risk

InTest's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. InTest volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on InTest correlated with the market. If Beta is less than 0 InTest generally moves in the opposite direction as compared to the market. If InTest Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one InTest is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of InTest is generally in the same direction as the market. If Beta > 1 InTest moves generally in the same direction as, but more than the movement of the benchmark.
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About InTest Financials

What exactly are InTest Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include InTest's income statement, its balance sheet, and the statement of cash flows. Potential InTest investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although InTest investors may use each financial statement separately, they are all related. The changes in InTest's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on InTest's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze InTest Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as InTest is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of InTest has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if InTest's financials are consistent with your investment objective using the following steps:
  • Review InTest's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand InTest's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare InTest's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if InTest's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

InTest Thematic Clasifications

InTest is part of Measuring and Control investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Measuring and Control industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Measuring and Control Idea
Measuring and ControlView
This theme covers USA Equities from Measuring and Control industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas

InTest June 1, 2023 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of InTest help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of InTest. We use our internally-developed statistical techniques to arrive at the intrinsic value of InTest based on widely used predictive technical indicators. In general, we focus on analyzing InTest Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build InTest's daily price indicators and compare them against related drivers.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. For more information on how to buy InTest Stock please use our How to Invest in InTest guide. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Is InTest's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of InTest. If investors know InTest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about InTest listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
4
Earnings Share
0.97
Revenue Per Share
11.643
Quarterly Revenue Growth
0.325
Return On Assets
0.0776
The market value of InTest is measured differently than its book value, which is the value of InTest that is recorded on the company's balance sheet. Investors also form their own opinion of InTest's value that differs from its market value or its book value, called intrinsic value, which is InTest's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because InTest's market value can be influenced by many factors that don't directly affect InTest's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between InTest's value and its price as these two are different measures arrived at by different means. Investors typically determine if InTest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InTest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. For more information on how to buy InTest Stock please use our How to Invest in InTest guide.