COLUMBUS MCKINNON CORP/NY (CMCO) Stock Fundamental Analysis
NASDAQ:CMCO - Nasdaq - US1993331057 - Common Stock - Currency: USD
Taking everything into account, CMCO scores 4 out of 10 in our fundamental rating. CMCO was compared to 128 industry peers in the Machinery industry. CMCO may be in some trouble as it scores bad on both profitability and health. CMCO is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year CMCO was profitable.
In the past year CMCO had a positive cash flow from operations.
Of the past 5 years CMCO 4 years were profitable.
Each year in the past 5 years CMCO had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.30%, CMCO is doing worse than 67.97% of the companies in the same industry.
CMCO has a Return On Equity of -0.58%. This is in the lower half of the industry: CMCO underperforms 67.19% of its industry peers.
CMCO has a Return On Invested Capital of 2.79%. This is in the lower half of the industry: CMCO underperforms 66.41% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CMCO is significantly below the industry average of 10.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.3% | ||
| ROE | -0.58% | ||
| ROIC | 2.79% |
ROA(3y)1.7%
ROA(5y)1.53%
ROE(3y)3.5%
ROE(5y)3.21%
ROIC(3y)4.53%
ROIC(5y)4.23%
1.3 Margins
CMCO has a worse Operating Margin (5.67%) than 60.16% of its industry peers.
In the last couple of years the Operating Margin of CMCO has declined.
The Gross Margin of CMCO (33.82%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CMCO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.67% | ||
| PM (TTM) | N/A | ||
| GM | 33.82% |
OM growth 3Y-8.87%
OM growth 5Y-9.54%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.33%
GM growth 5Y-0.68%
2. Health
2.1 Basic Checks
CMCO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CMCO has been reduced compared to 1 year ago.
CMCO has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CMCO has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.44, we must say that CMCO is in the distress zone and has some risk of bankruptcy.
CMCO's Altman-Z score of 1.44 is on the low side compared to the rest of the industry. CMCO is outperformed by 76.56% of its industry peers.
CMCO has a debt to FCF ratio of 19.46. This is a negative value and a sign of low solvency as CMCO would need 19.46 years to pay back of all of its debts.
The Debt to FCF ratio of CMCO (19.46) is worse than 69.53% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that CMCO is not too dependend on debt financing.
The Debt to Equity ratio of CMCO (0.48) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 19.46 | ||
| Altman-Z | 1.44 |
ROIC/WACC0.3
WACC9.29%
2.3 Liquidity
CMCO has a Current Ratio of 1.81. This is a normal value and indicates that CMCO is financially healthy and should not expect problems in meeting its short term obligations.
CMCO has a worse Current ratio (1.81) than 60.94% of its industry peers.
A Quick Ratio of 1.04 indicates that CMCO should not have too much problems paying its short term obligations.
CMCO has a worse Quick ratio (1.04) than 61.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
The earnings per share for CMCO have decreased strongly by -13.59% in the last year.
Measured over the past years, CMCO shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.19% on average per year.
Looking at the last year, CMCO shows a decrease in Revenue. The Revenue has decreased by -4.98% in the last year.
Measured over the past years, CMCO shows a small growth in Revenue. The Revenue has been growing by 3.54% on average per year.
EPS 1Y (TTM)-13.59%
EPS 3Y-4.19%
EPS 5Y-2.19%
EPS Q2Q%-20%
Revenue 1Y (TTM)-4.98%
Revenue growth 3Y2.03%
Revenue growth 5Y3.54%
Sales Q2Q%-7.01%
3.2 Future
Based on estimates for the next years, CMCO will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.77% on average per year.
The Revenue is expected to grow by 19.70% on average over the next years. This is quite good.
EPS Next Y2%
EPS Next 2Y10.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.67%
Revenue Next 2Y19.7%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.61, the valuation of CMCO can be described as very cheap.
96.88% of the companies in the same industry are more expensive than CMCO, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.45. CMCO is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 6.48, the valuation of CMCO can be described as very cheap.
Based on the Price/Forward Earnings ratio, CMCO is valued cheaper than 98.44% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CMCO to the average of the S&P500 Index (21.90), we can say CMCO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.61 | ||
| Fwd PE | 6.48 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CMCO is valued cheaply inside the industry as 82.81% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CMCO indicates a somewhat cheap valuation: CMCO is cheaper than 67.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.38 | ||
| EV/EBITDA | 8.62 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.3
PEG (5Y)N/A
EPS Next 2Y10.77%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CMCO has a Yearly Dividend Yield of 1.85%.
CMCO's Dividend Yield is rather good when compared to the industry average which is at 1.83. CMCO pays more dividend than 82.03% of the companies in the same industry.
CMCO's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.85% |
5.2 History
The dividend of CMCO has a limited annual growth rate of 3.01%.
CMCO has been paying a dividend for at least 10 years, so it has a reliable track record.
CMCO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.01%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
CMCO has negative earnings and hence a negative payout ratio. The dividend may be in danger.
CMCO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-156.52%
EPS Next 2Y10.77%
EPS Next 3YN/A
16.39
+0.06 (+0.37%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners100.28%
Inst Owner Change2.88%
Ins Owners2.06%
Ins Owner Change11.51%
Market Cap468.92M
Analysts82
Price Target28.56 (74.25%)
Short Float %2.18%
Short Ratio1.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.85% |
Yearly Dividend0.28
Dividend Growth(5Y)3.01%
DP-156.52%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-11.75%
Min EPS beat(2)-24.79%
Max EPS beat(2)1.29%
EPS beat(4)1
Avg EPS beat(4)-6.24%
Min EPS beat(4)-24.79%
Max EPS beat(4)1.29%
EPS beat(8)3
Avg EPS beat(8)-3.34%
EPS beat(12)6
Avg EPS beat(12)0.59%
EPS beat(16)8
Avg EPS beat(16)4.32%
Revenue beat(2)0
Avg Revenue beat(2)-6%
Min Revenue beat(2)-8.79%
Max Revenue beat(2)-3.2%
Revenue beat(4)0
Avg Revenue beat(4)-4.77%
Min Revenue beat(4)-8.79%
Max Revenue beat(4)-2.58%
Revenue beat(8)0
Avg Revenue beat(8)-3.18%
Revenue beat(12)0
Avg Revenue beat(12)-2.98%
Revenue beat(16)1
Avg Revenue beat(16)-2.54%
PT rev (1m)-7.69%
PT rev (3m)-20.75%
EPS NQ rev (1m)-18.93%
EPS NQ rev (3m)-23.11%
EPS NY rev (1m)-8.32%
EPS NY rev (3m)-9.33%
Revenue NQ rev (1m)-1.03%
Revenue NQ rev (3m)-2.27%
Revenue NY rev (1m)-7.82%
Revenue NY rev (3m)-8.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.61 | ||
| Fwd PE | 6.48 | ||
| P/S | 0.49 | ||
| P/FCF | 19.38 | ||
| P/OCF | 10.28 | ||
| P/B | 0.53 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.62 |
EPS(TTM)2.48
EY15.13%
EPS(NY)2.53
Fwd EY15.43%
FCF(TTM)0.85
FCFY5.16%
OCF(TTM)1.59
OCFY9.73%
SpS33.66
BVpS30.83
TBVpS-6.48
PEG (NY)3.3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.3% | ||
| ROE | -0.58% | ||
| ROCE | 3.69% | ||
| ROIC | 2.79% | ||
| ROICexc | 2.9% | ||
| ROICexgc | 11.49% | ||
| OM | 5.67% | ||
| PM (TTM) | N/A | ||
| GM | 33.82% | ||
| FCFM | 2.51% |
ROA(3y)1.7%
ROA(5y)1.53%
ROE(3y)3.5%
ROE(5y)3.21%
ROIC(3y)4.53%
ROIC(5y)4.23%
ROICexc(3y)4.88%
ROICexc(5y)4.69%
ROICexgc(3y)20%
ROICexgc(5y)19.27%
ROCE(3y)5.98%
ROCE(5y)5.59%
ROICexcg growth 3Y-14.36%
ROICexcg growth 5Y-10.55%
ROICexc growth 3Y-9.39%
ROICexc growth 5Y-16.09%
OM growth 3Y-8.87%
OM growth 5Y-9.54%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.33%
GM growth 5Y-0.68%
F-Score4
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 19.46 | ||
| Debt/EBITDA | 4.09 | ||
| Cap/Depr | 44.43% | ||
| Cap/Sales | 2.22% | ||
| Interest Coverage | 1.82 | ||
| Cash Conversion | 44.39% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 1.44 |
F-Score4
WACC9.29%
ROIC/WACC0.3
Cap/Depr(3y)42.84%
Cap/Depr(5y)40.68%
Cap/Sales(3y)2.01%
Cap/Sales(5y)1.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-13.59%
EPS 3Y-4.19%
EPS 5Y-2.19%
EPS Q2Q%-20%
EPS Next Y2%
EPS Next 2Y10.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.98%
Revenue growth 3Y2.03%
Revenue growth 5Y3.54%
Sales Q2Q%-7.01%
Revenue Next Year7.67%
Revenue Next 2Y19.7%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-49.07%
EBIT growth 3Y-7.01%
EBIT growth 5Y-6.33%
EBIT Next Year100.48%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-42.9%
FCF growth 3Y-12.24%
FCF growth 5Y-24.31%
OCF growth 1Y-32.12%
OCF growth 3Y-2.29%
OCF growth 5Y-15.65%