CURTISS-WRIGHT CORP (CW) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CW - US2315611010 - Common Stock
544.6 USD
-5.43 (-0.99%)
544.6 USD
0 (0%)
Taking everything into account, CW scores 7 out of 10 in our fundamental rating. CW was compared to 71 industry peers in the Aerospace & Defense industry. Both the health and profitability get an excellent rating, making CW a very profitable company, without any liquidiy or solvency issues. CW is not valued too expensively and it also shows a decent growth rate. This makes CW very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year CW was profitable.
In the past year CW had a positive cash flow from operations.
Each year in the past 5 years CW has been profitable.
In the past 5 years CW always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 9.12%, CW belongs to the top of the industry, outperforming 91.55% of the companies in the same industry.
CW has a better Return On Equity (18.39%) than 85.92% of its industry peers.
CW's Return On Invested Capital of 11.90% is amongst the best of the industry. CW outperforms 88.73% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CW is in line with the industry average of 8.57%.
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
CW has a better Profit Margin (13.78%) than 88.73% of its industry peers.
CW's Profit Margin has been stable in the last couple of years.
The Operating Margin of CW (18.30%) is better than 88.73% of its industry peers.
CW's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 37.43%, CW is in the better half of the industry, outperforming 77.46% of the companies in the same industry.
In the last couple of years the Gross Margin of CW has remained more or less at the same level.
| 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.
CW has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CW has less shares outstanding
CW has a better debt/assets ratio than last year.
2.2 Solvency
CW has an Altman-Z score of 7.13. This indicates that CW is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of CW (7.13) is better than 73.24% of its industry peers.
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.
CW has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
CW has a Debt to Equity ratio (0.38) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.87 | ||
| Altman-Z | 7.13 |
ROIC/WACC1.23
WACC9.69%
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.
CW has a Current ratio of 1.75. This is comparable to the rest of the industry: CW outperforms 42.25% of its industry peers.
A Quick Ratio of 1.17 indicates that CW should not have too much problems paying its short term obligations.
CW has a Quick ratio of 1.17. This is in the lower half of the industry: CW underperforms 60.56% of its industry peers.
The current and quick ratio evaluation for CW is rather negative, while it does have 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.
CW shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.38% yearly.
CW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.51%.
CW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.64% yearly.
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
CW is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.56% yearly.
The Revenue is expected to grow by 8.85% on average over the next years. This is quite good.
EPS Next Y23.14%
EPS Next 2Y16.38%
EPS Next 3Y14.15%
EPS Next 5Y14.56%
Revenue Next Year11.25%
Revenue Next 2Y8.99%
Revenue Next 3Y8.24%
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.
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
The Price/Earnings ratio is 42.81, which means the current valuation is very expensive for CW.
63.38% of the companies in the same industry are more expensive than CW, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CW to the average of the S&P500 Index (26.46), we can say CW is valued expensively.
With a Price/Forward Earnings ratio of 36.99, CW can be considered very expensive at the moment.
61.97% of the companies in the same industry are more expensive than CW, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 36.10. CW is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.81 | ||
| Fwd PE | 36.99 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CW.
Based on the Price/Free Cash Flow ratio, CW is valued a bit cheaper than the industry average as 70.42% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.87 | ||
| EV/EBITDA | 28.49 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CW does not grow enough to justify the current Price/Earnings ratio.
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 14.15% in the coming years.
PEG (NY)1.85
PEG (5Y)5.11
EPS Next 2Y16.38%
EPS Next 3Y14.15%
5. Dividend
5.1 Amount
With a yearly dividend of 0.17%, CW is not a good candidate for dividend investing.
CW's Dividend Yield is a higher than the industry average which is at 1.14.
With a Dividend Yield of 0.17, CW pays less dividend than the S&P500 average, which is at 2.32.
| 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 paid a dividend for at least 10 years, which is a reliable track record.
CW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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 2Y16.38%
EPS Next 3Y14.15%
544.6
-5.43 (-0.99%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners86.4%
Inst Owner Change-2.87%
Ins Owners0.45%
Ins Owner Change-1.96%
Market Cap20.08B
Revenue(TTM)3.38B
Net Income(TTM)465.08M
Analysts82.5
Price Target594.56 (9.17%)
Short Float %1.03%
Short Ratio1.51
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)18.96%
PT rev (3m)18.96%
EPS NQ rev (1m)0.47%
EPS NQ rev (3m)1.86%
EPS NY rev (1m)0.14%
EPS NY rev (3m)0.53%
Revenue NQ rev (1m)-0.54%
Revenue NQ rev (3m)-0.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.81 | ||
| Fwd PE | 36.99 | ||
| P/S | 5.95 | ||
| P/FCF | 38.87 | ||
| P/OCF | 33.92 | ||
| P/B | 7.94 | ||
| P/tB | 70.08 | ||
| EV/EBITDA | 28.49 |
EPS(TTM)12.72
EY2.34%
EPS(NY)14.72
Fwd EY2.7%
FCF(TTM)14.01
FCFY2.57%
OCF(TTM)16.06
OCFY2.95%
SpS91.56
BVpS68.61
TBVpS7.77
PEG (NY)1.85
PEG (5Y)5.11
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 | 7.13 |
F-Score8
WACC9.69%
ROIC/WACC1.23
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 Y23.14%
EPS Next 2Y16.38%
EPS Next 3Y14.15%
EPS Next 5Y14.56%
Revenue 1Y (TTM)9.51%
Revenue growth 3Y7.67%
Revenue growth 5Y4.64%
Sales Q2Q%8.79%
Revenue Next Year11.25%
Revenue Next 2Y8.99%
Revenue Next 3Y8.24%
Revenue Next 5Y8.85%
EBIT growth 1Y13.95%
EBIT growth 3Y11.18%
EBIT growth 5Y6.26%
EBIT Next Year41.22%
EBIT Next 3Y18.09%
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%.