Added to YB: 2026-04-21
Pitch date: 2026-04-17
HURC [neutral]
Hurco Companies, Inc.
-0.76%
current return
Author Info
Dismissed & Asset Backed has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Sign up for the newsletter.
Company Info
Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry in the Americas, Europe, Asia Pacific, and internationally.
Market Cap
$105.5M
Pitch Price
$16.34
Price Target
N/A
Dividend
N/A
EV/EBITDA
-14.33
P/E
-7.39
EV/Sales
0.39
Sector
Machinery
Category
value
Hurco Companies (HURC) – A Net-Net with a Strong Profit History and an Open Ownership Structure
HURC (pass): Machine tool mfr trading 0.56x TB (net-net at 0.68x NCAV) w/ $51M net cash ($8/sh). Sales -3.3% 10yr CAGR, margins compressed (19% gross, -6% EBITDA vs 24%/5% normalized). Strong BS but cyclical downturn persists. Hidden RE value ~$7M. Strategic value est 0.7x EV/S = $27/sh (+65%). Insiders own 10%; Brandes added to 8%. Recovery-dependent; better entry likely ahead.
Read full article (10 min)