BWX TECHNOLOGIES INC (BWXT) Stock Fundamental Analysis
NYSE:BWXT - New York Stock Exchange, Inc. - US05605H1005 - Common Stock - Currency: USD
Overall BWXT gets a fundamental rating of 5 out of 10. We evaluated BWXT against 65 industry peers in the Aerospace & Defense industry. BWXT has an average financial health and profitability rating. BWXT is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BWXT was profitable.
BWXT had a positive operating cash flow in the past year.
In the past 5 years BWXT has always been profitable.
In the past 5 years BWXT always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of BWXT (9.82%) is better than 90.77% of its industry peers.
BWXT's Return On Equity of 26.09% is amongst the best of the industry. BWXT outperforms 93.85% of its industry peers.
BWXT has a better Return On Invested Capital (10.82%) than 92.31% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BWXT is above the industry average of 7.95%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.82% | ||
| ROE | 26.09% | ||
| ROIC | 10.82% |
ROA(3y)9.29%
ROA(5y)10.45%
ROE(3y)28.09%
ROE(5y)35.48%
ROIC(3y)10.89%
ROIC(5y)11.51%
1.3 Margins
BWXT's Profit Margin of 10.43% is fine compared to the rest of the industry. BWXT outperforms 76.92% of its industry peers.
BWXT's Profit Margin has declined in the last couple of years.
BWXT's Operating Margin of 12.17% is fine compared to the rest of the industry. BWXT outperforms 76.92% of its industry peers.
BWXT's Operating Margin has declined in the last couple of years.
BWXT has a Gross Margin (24.23%) which is comparable to the rest of the industry.
BWXT's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.17% | ||
| PM (TTM) | 10.43% | ||
| GM | 24.23% |
OM growth 3Y-5.2%
OM growth 5Y-5.02%
PM growth 3Y-10.2%
PM growth 5Y-4.14%
GM growth 3Y-2.2%
GM growth 5Y-2.93%
2. Health
2.1 Basic Checks
BWXT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for BWXT remains at a similar level compared to 1 year ago.
Compared to 5 years ago, BWXT has less shares outstanding
BWXT has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.68 indicates that BWXT is not in any danger for bankruptcy at the moment.
BWXT's Altman-Z score of 5.68 is fine compared to the rest of the industry. BWXT outperforms 78.46% of its industry peers.
The Debt to FCF ratio of BWXT is 4.14, which is a neutral value as it means it would take BWXT, 4.14 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.14, BWXT is in the better half of the industry, outperforming 75.38% of the companies in the same industry.
A Debt/Equity ratio of 0.97 indicates that BWXT is somewhat dependend on debt financing.
BWXT's Debt to Equity ratio of 0.97 is on the low side compared to the rest of the industry. BWXT is outperformed by 75.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 4.14 | ||
| Altman-Z | 5.68 |
ROIC/WACC1.16
WACC9.3%
2.3 Liquidity
A Current Ratio of 1.96 indicates that BWXT should not have too much problems paying its short term obligations.
The Current ratio of BWXT (1.96) is comparable to the rest of the industry.
BWXT has a Quick Ratio of 1.88. This is a normal value and indicates that BWXT is financially healthy and should not expect problems in meeting its short term obligations.
BWXT's Quick ratio of 1.88 is fine compared to the rest of the industry. BWXT outperforms 73.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.96 | ||
| Quick Ratio | 1.88 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.90% over the past year.
The Earnings Per Share has been growing slightly by 4.83% on average over the past years.
Looking at the last year, BWXT shows a quite strong growth in Revenue. The Revenue has grown by 8.31% in the last year.
BWXT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.37% yearly.
EPS 1Y (TTM)9.9%
EPS 3Y2.86%
EPS 5Y4.83%
EPS Q2Q%-8.91%
Revenue 1Y (TTM)8.31%
Revenue growth 3Y8.37%
Revenue growth 5Y7.37%
Sales Q2Q%2.86%
3.2 Future
BWXT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.75% yearly.
BWXT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.32% yearly.
EPS Next Y5.06%
EPS Next 2Y9.41%
EPS Next 3Y11.57%
EPS Next 5Y12.75%
Revenue Next Year13.02%
Revenue Next 2Y11.1%
Revenue Next 3Y10.56%
Revenue Next 5Y7.32%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
BWXT is valuated quite expensively with a Price/Earnings ratio of 29.90.
69.23% of the companies in the same industry are more expensive than BWXT, based on the Price/Earnings ratio.
BWXT's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 29.35.
A Price/Forward Earnings ratio of 28.46 indicates a quite expensive valuation of BWXT.
Based on the Price/Forward Earnings ratio, BWXT is valued a bit cheaper than the industry average as 64.62% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, BWXT is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.9 | ||
| Fwd PE | 28.46 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BWXT.
BWXT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BWXT is cheaper than 76.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.75 | ||
| EV/EBITDA | 24.32 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
BWXT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.91
PEG (5Y)6.19
EPS Next 2Y9.41%
EPS Next 3Y11.57%
5. Dividend
5.1 Amount
With a yearly dividend of 1.00%, BWXT is not a good candidate for dividend investing.
In the last 3 months the price of BWXT has falen by -20.99%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 1.43, BWXT pays a better dividend. On top of this BWXT pays more dividend than 81.54% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, BWXT's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1% |
5.2 History
On average, the dividend of BWXT grows each year by 7.06%, which is quite nice.
BWXT has been paying a dividend for at least 10 years, so it has a reliable track record.
BWXT has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)7.06%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
BWXT pays out 31.34% of its income as dividend. This is a sustainable payout ratio.
The dividend of BWXT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP31.34%
EPS Next 2Y9.41%
EPS Next 3Y11.57%
99.56
-0.68 (-0.68%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners93.11%
Inst Owner Change6.87%
Ins Owners0.34%
Ins Owner Change2.44%
Market Cap9.11B
Analysts82.5
Price Target136.5 (37.1%)
Short Float %1.49%
Short Ratio1.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1% |
Yearly Dividend0.97
Dividend Growth(5Y)7.06%
DP31.34%
Div Incr Years9
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.88%
Min EPS beat(2)4.98%
Max EPS beat(2)10.79%
EPS beat(4)4
Avg EPS beat(4)7.86%
Min EPS beat(4)4.98%
Max EPS beat(4)10.79%
EPS beat(8)8
Avg EPS beat(8)7.74%
EPS beat(12)10
Avg EPS beat(12)5.24%
EPS beat(16)11
Avg EPS beat(16)2.63%
Revenue beat(2)2
Avg Revenue beat(2)0.83%
Min Revenue beat(2)0.04%
Max Revenue beat(2)1.62%
Revenue beat(4)3
Avg Revenue beat(4)1.22%
Min Revenue beat(4)-1.3%
Max Revenue beat(4)4.5%
Revenue beat(8)6
Avg Revenue beat(8)2.56%
Revenue beat(12)8
Avg Revenue beat(12)1.08%
Revenue beat(16)8
Avg Revenue beat(16)-0.38%
PT rev (1m)-1.21%
PT rev (3m)1.45%
EPS NQ rev (1m)3.35%
EPS NQ rev (3m)5.09%
EPS NY rev (1m)0%
EPS NY rev (3m)0.1%
Revenue NQ rev (1m)-0.88%
Revenue NQ rev (3m)2.34%
Revenue NY rev (1m)4.57%
Revenue NY rev (3m)6.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.9 | ||
| Fwd PE | 28.46 | ||
| P/S | 3.37 | ||
| P/FCF | 35.75 | ||
| P/OCF | 22.3 | ||
| P/B | 8.43 | ||
| P/tB | 14.5 | ||
| EV/EBITDA | 24.32 |
EPS(TTM)3.33
EY3.34%
EPS(NY)3.5
Fwd EY3.51%
FCF(TTM)2.79
FCFY2.8%
OCF(TTM)4.46
OCFY4.48%
SpS29.55
BVpS11.81
TBVpS6.86
PEG (NY)5.91
PEG (5Y)6.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.82% | ||
| ROE | 26.09% | ||
| ROCE | 13.74% | ||
| ROIC | 10.82% | ||
| ROICexc | 11.17% | ||
| ROICexgc | 13.87% | ||
| OM | 12.17% | ||
| PM (TTM) | 10.43% | ||
| GM | 24.23% | ||
| FCFM | 9.42% |
ROA(3y)9.29%
ROA(5y)10.45%
ROE(3y)28.09%
ROE(5y)35.48%
ROIC(3y)10.89%
ROIC(5y)11.51%
ROICexc(3y)11.19%
ROICexc(5y)11.8%
ROICexgc(3y)14.13%
ROICexgc(5y)15.27%
ROCE(3y)13.82%
ROCE(5y)14.77%
ROICexcg growth 3Y-3.82%
ROICexcg growth 5Y-11.02%
ROICexc growth 3Y-2.17%
ROICexc growth 5Y-7.67%
OM growth 3Y-5.2%
OM growth 5Y-5.02%
PM growth 3Y-10.2%
PM growth 5Y-4.14%
GM growth 3Y-2.2%
GM growth 5Y-2.93%
F-Score7
Asset Turnover0.94
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 4.14 | ||
| Debt/EBITDA | 2.51 | ||
| Cap/Depr | 178.95% | ||
| Cap/Sales | 5.68% | ||
| Interest Coverage | 4.54 | ||
| Cash Conversion | 98.43% | ||
| Profit Quality | 90.37% | ||
| Current Ratio | 1.96 | ||
| Quick Ratio | 1.88 | ||
| Altman-Z | 5.68 |
F-Score7
WACC9.3%
ROIC/WACC1.16
Cap/Depr(3y)213.4%
Cap/Depr(5y)302.1%
Cap/Sales(3y)6.87%
Cap/Sales(5y)9.46%
Profit Quality(3y)65.42%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.9%
EPS 3Y2.86%
EPS 5Y4.83%
EPS Q2Q%-8.91%
EPS Next Y5.06%
EPS Next 2Y9.41%
EPS Next 3Y11.57%
EPS Next 5Y12.75%
Revenue 1Y (TTM)8.31%
Revenue growth 3Y8.37%
Revenue growth 5Y7.37%
Sales Q2Q%2.86%
Revenue Next Year13.02%
Revenue Next 2Y11.1%
Revenue Next 3Y10.56%
Revenue Next 5Y7.32%
EBIT growth 1Y-1.3%
EBIT growth 3Y2.74%
EBIT growth 5Y1.98%
EBIT Next Year36.32%
EBIT Next 3Y19.66%
EBIT Next 5Y14.53%
FCF growth 1Y19.94%
FCF growth 3Y50.39%
FCF growth 5Y21.23%
OCF growth 1Y12.3%
OCF growth 3Y1.9%
OCF growth 5Y7.89%