CURTISS-WRIGHT CORP (CW) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CW - US2315611010 - Common Stock
566.17 USD
-1.72 (-0.3%)
566.17 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to CW. CW was compared to 71 industry peers in the Aerospace & Defense industry. CW gets an excellent profitability rating and is at the same time showing great financial health properties. CW has a decent growth rate and is not valued too expensively. This makes CW very considerable for quality investing!
1. Profitability
1.1 Basic Checks
CW had positive earnings in the past year.
In the past year CW had a positive cash flow from operations.
Each year in the past 5 years CW has been profitable.
Each year in the past 5 years CW had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CW (9.12%) is better than 91.55% of its industry peers.
Looking at the Return On Equity, with a value of 18.39%, CW belongs to the top of the industry, outperforming 85.92% of the companies in the same industry.
With an excellent Return On Invested Capital value of 11.90%, CW belongs to the best of the industry, outperforming 88.73% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CW is in line with the industry average of 8.60%.
The 3 year average ROIC (10.03%) for CW is below the current ROIC(11.90%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.12% | ||
| ROE | 18.39% | ||
| ROIC | 11.9% |
ROA(3y)7.47%
ROA(5y)6.76%
ROE(3y)15.54%
ROE(5y)14.45%
ROIC(3y)10.03%
ROIC(5y)9.53%
1.3 Margins
With an excellent Profit Margin value of 13.78%, CW belongs to the best of the industry, outperforming 88.73% of the companies in the same industry.
In the last couple of years the Profit Margin of CW has remained more or less at the same level.
Looking at the Operating Margin, with a value of 18.30%, CW belongs to the top of the industry, outperforming 88.73% of the companies in the same industry.
CW's Operating Margin has improved in the last couple of years.
CW has a better Gross Margin (37.43%) than 76.06% of its industry peers.
CW's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.3% | ||
| PM (TTM) | 13.78% | ||
| GM | 37.43% |
OM growth 3Y3.26%
OM growth 5Y1.55%
PM growth 3Y7.28%
PM growth 5Y0.97%
GM growth 3Y-0.09%
GM growth 5Y0.48%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CW is still creating some value.
Compared to 1 year ago, CW has less shares outstanding
The number of shares outstanding for CW has been reduced compared to 5 years ago.
Compared to 1 year ago, CW has an improved debt to assets ratio.
2.2 Solvency
CW has an Altman-Z score of 7.27. This indicates that CW is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 7.27, CW is in the better half of the industry, outperforming 71.83% of the companies in the same industry.
The Debt to FCF ratio of CW is 1.87, which is an excellent value as it means it would take CW, only 1.87 years of fcf income to pay off all of its debts.
CW's Debt to FCF ratio of 1.87 is amongst the best of the industry. CW outperforms 92.96% of its industry peers.
A Debt/Equity ratio of 0.38 indicates that CW is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.38, CW perfoms like the industry average, outperforming 56.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.87 | ||
| Altman-Z | 7.27 |
ROIC/WACC1.24
WACC9.6%
2.3 Liquidity
CW has a Current Ratio of 1.75. This is a normal value and indicates that CW is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.75, CW is doing worse than 64.79% of the companies in the same industry.
A Quick Ratio of 1.17 indicates that CW should not have too much problems paying its short term obligations.
The Quick ratio of CW (1.17) is worse than 66.20% of its industry peers.
CW does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
CW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.22%, which is quite good.
The Earnings Per Share has been growing by 8.38% on average over the past years. This is quite good.
The Revenue has grown by 9.51% in the past year. This is quite good.
The Revenue has been growing slightly by 4.64% on average over the past years.
EPS 1Y (TTM)18.22%
EPS 3Y13.93%
EPS 5Y8.38%
EPS Q2Q%14.48%
Revenue 1Y (TTM)9.51%
Revenue growth 3Y7.67%
Revenue growth 5Y4.64%
Sales Q2Q%8.79%
3.2 Future
The Earnings Per Share is expected to grow by 14.56% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.85% on average over the next years. This is quite good.
EPS Next Y24.27%
EPS Next 2Y18.03%
EPS Next 3Y15.76%
EPS Next 5Y14.56%
Revenue Next Year11.69%
Revenue Next 2Y9.43%
Revenue Next 3Y8.84%
Revenue Next 5Y8.85%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 44.51, which means the current valuation is very expensive for CW.
60.56% of the companies in the same industry are more expensive than CW, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.57, CW is valued quite expensively.
Based on the Price/Forward Earnings ratio of 37.39, the valuation of CW can be described as expensive.
Based on the Price/Forward Earnings ratio, CW is valued a bit cheaper than 61.97% of the companies in the same industry.
CW's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.51 | ||
| Fwd PE | 37.39 |
4.2 Price Multiples
CW's Enterprise Value to EBITDA ratio is in line with the industry average.
70.42% of the companies in the same industry are more expensive than CW, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.41 | ||
| EV/EBITDA | 29.3 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of CW may justify a higher PE ratio.
A more expensive valuation may be justified as CW's earnings are expected to grow with 15.76% in the coming years.
PEG (NY)1.83
PEG (5Y)5.31
EPS Next 2Y18.03%
EPS Next 3Y15.76%
5. Dividend
5.1 Amount
CW has a yearly dividend return of 0.17%, which is pretty low.
CW's Dividend Yield is a higher than the industry average which is at 0.39.
Compared to an average S&P500 Dividend Yield of 2.00, CW's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.17% |
5.2 History
The dividend of CW has a limited annual growth rate of 4.82%.
CW has been paying a dividend for at least 10 years, so it has a reliable track record.
CW has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.82%
Div Incr Years8
Div Non Decr Years33
5.3 Sustainability
7.08% of the earnings are spent on dividend by CW. This is a low number and sustainable payout ratio.
CW's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP7.08%
EPS Next 2Y18.03%
EPS Next 3Y15.76%
566.17
-1.72 (-0.3%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners87.2%
Inst Owner Change-2.87%
Ins Owners0.43%
Ins Owner Change-2.99%
Market Cap20.87B
Revenue(TTM)3.38B
Net Income(TTM)465.08M
Analysts82.5
Price Target599.17 (5.83%)
Short Float %0.98%
Short Ratio1.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.17% |
Yearly Dividend0.83
Dividend Growth(5Y)4.82%
DP7.08%
Div Incr Years8
Div Non Decr Years33
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.33%
Min EPS beat(2)0.33%
Max EPS beat(2)0.33%
EPS beat(4)4
Avg EPS beat(4)4.56%
Min EPS beat(4)0.33%
Max EPS beat(4)14.8%
EPS beat(8)8
Avg EPS beat(8)6.59%
EPS beat(12)11
Avg EPS beat(12)5.58%
EPS beat(16)13
Avg EPS beat(16)4.77%
Revenue beat(2)0
Avg Revenue beat(2)-1.55%
Min Revenue beat(2)-2.99%
Max Revenue beat(2)-0.12%
Revenue beat(4)2
Avg Revenue beat(4)0.03%
Min Revenue beat(4)-2.99%
Max Revenue beat(4)1.88%
Revenue beat(8)6
Avg Revenue beat(8)1.63%
Revenue beat(12)9
Avg Revenue beat(12)1.81%
Revenue beat(16)9
Avg Revenue beat(16)0.23%
PT rev (1m)0.77%
PT rev (3m)19.88%
EPS NQ rev (1m)-0.28%
EPS NQ rev (3m)1.57%
EPS NY rev (1m)0.92%
EPS NY rev (3m)1.45%
Revenue NQ rev (1m)1.79%
Revenue NQ rev (3m)1.46%
Revenue NY rev (1m)0.4%
Revenue NY rev (3m)0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.51 | ||
| Fwd PE | 37.39 | ||
| P/S | 6.18 | ||
| P/FCF | 40.41 | ||
| P/OCF | 35.26 | ||
| P/B | 8.25 | ||
| P/tB | 72.86 | ||
| EV/EBITDA | 29.3 |
EPS(TTM)12.72
EY2.25%
EPS(NY)15.14
Fwd EY2.67%
FCF(TTM)14.01
FCFY2.47%
OCF(TTM)16.06
OCFY2.84%
SpS91.56
BVpS68.61
TBVpS7.77
PEG (NY)1.83
PEG (5Y)5.31
Graham Number140.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.12% | ||
| ROE | 18.39% | ||
| ROCE | 15.44% | ||
| ROIC | 11.9% | ||
| ROICexc | 12.61% | ||
| ROICexgc | 31.06% | ||
| OM | 18.3% | ||
| PM (TTM) | 13.78% | ||
| GM | 37.43% | ||
| FCFM | 15.3% |
ROA(3y)7.47%
ROA(5y)6.76%
ROE(3y)15.54%
ROE(5y)14.45%
ROIC(3y)10.03%
ROIC(5y)9.53%
ROICexc(3y)11.07%
ROICexc(5y)10.36%
ROICexgc(3y)31.52%
ROICexgc(5y)29.76%
ROCE(3y)13.02%
ROCE(5y)12.36%
ROICexgc growth 3Y10.1%
ROICexgc growth 5Y1.55%
ROICexc growth 3Y7.83%
ROICexc growth 5Y0.32%
OM growth 3Y3.26%
OM growth 5Y1.55%
PM growth 3Y7.28%
PM growth 5Y0.97%
GM growth 3Y-0.09%
GM growth 5Y0.48%
F-Score8
Asset Turnover0.66
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.87 | ||
| Debt/EBITDA | 1.31 | ||
| Cap/Depr | 62.7% | ||
| Cap/Sales | 2.23% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.23% | ||
| Profit Quality | 111.08% | ||
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 7.27 |
F-Score8
WACC9.6%
ROIC/WACC1.24
Cap/Depr(3y)43.06%
Cap/Depr(5y)41.22%
Cap/Sales(3y)1.67%
Cap/Sales(5y)1.73%
Profit Quality(3y)106.77%
Profit Quality(5y)111.65%
High Growth Momentum
Growth
EPS 1Y (TTM)18.22%
EPS 3Y13.93%
EPS 5Y8.38%
EPS Q2Q%14.48%
EPS Next Y24.27%
EPS Next 2Y18.03%
EPS Next 3Y15.76%
EPS Next 5Y14.56%
Revenue 1Y (TTM)9.51%
Revenue growth 3Y7.67%
Revenue growth 5Y4.64%
Sales Q2Q%8.79%
Revenue Next Year11.69%
Revenue Next 2Y9.43%
Revenue Next 3Y8.84%
Revenue Next 5Y8.85%
EBIT growth 1Y13.95%
EBIT growth 3Y11.18%
EBIT growth 5Y6.26%
EBIT Next Year42.23%
EBIT Next 3Y19.45%
EBIT Next 5Y17.17%
FCF growth 1Y24%
FCF growth 3Y11.72%
FCF growth 5Y6.57%
OCF growth 1Y29.22%
OCF growth 3Y11.97%
OCF growth 5Y5.25%
CURTISS-WRIGHT CORP / CW FAQ
What is the ChartMill fundamental rating of CURTISS-WRIGHT CORP (CW) stock?
ChartMill assigns a fundamental rating of 7 / 10 to CW.
Can you provide the valuation status for CURTISS-WRIGHT CORP?
ChartMill assigns a valuation rating of 4 / 10 to CURTISS-WRIGHT CORP (CW). This can be considered as Fairly Valued.
Can you provide the profitability details for CURTISS-WRIGHT CORP?
CURTISS-WRIGHT CORP (CW) has a profitability rating of 8 / 10.
How financially healthy is CURTISS-WRIGHT CORP?
The financial health rating of CURTISS-WRIGHT CORP (CW) is 8 / 10.
Is the dividend of CURTISS-WRIGHT CORP sustainable?
The dividend rating of CURTISS-WRIGHT CORP (CW) is 6 / 10 and the dividend payout ratio is 7.08%.