CURTISS-WRIGHT CORP (CW) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CW - US2315611010 - Common Stock
554.9 USD
+12.46 (+2.3%)
557.4 USD
+2.5 (+0.45%)
Overall CW gets a fundamental rating of 7 out of 10. We evaluated CW against 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 correct valuation and a medium growth rate. This makes CW very considerable for quality investing!
1. Profitability
1.1 Basic Checks
CW had positive earnings in the past year.
CW had a positive operating cash flow in the past year.
CW had positive earnings in each of the past 5 years.
CW had a positive operating cash flow in each of the past 5 years.
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.
The Return On Equity of CW (18.39%) is better than 85.92% of its industry peers.
The Return On Invested Capital of CW (11.90%) is better than 88.73% of its industry peers.
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 last Return On Invested Capital (11.90%) for CW is above the 3 year average (10.03%), which is a sign of increasing profitability.
| 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
The Profit Margin of CW (13.78%) is better than 88.73% of its industry peers.
In the last couple of years the Profit Margin of CW has remained more or less at the same level.
CW has a better Operating Margin (18.30%) than 88.73% of its industry peers.
CW's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 37.43%, CW is doing good in the industry, outperforming 76.06% 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
CW has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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
An Altman-Z score of 7.17 indicates that CW is not in any danger for bankruptcy at the moment.
The Altman-Z score of CW (7.17) is better than 73.24% of its industry peers.
CW has a debt to FCF ratio of 1.87. This is a very positive value and a sign of high solvency as it would only need 1.87 years to pay back of all of its debts.
The Debt to FCF ratio of CW (1.87) is better than 92.96% of its industry peers.
A Debt/Equity ratio of 0.38 indicates that CW is not too dependend on debt financing.
CW's Debt to Equity ratio of 0.38 is in line compared to the rest of the industry. CW outperforms 56.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.87 | ||
| Altman-Z | 7.17 |
ROIC/WACC1.24
WACC9.61%
2.3 Liquidity
A Current Ratio of 1.75 indicates that CW should not have too much problems paying its short term obligations.
CW's Current ratio of 1.75 is on the low side compared to the rest of the industry. CW is outperformed by 64.79% of its industry peers.
A Quick Ratio of 1.17 indicates that CW should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.17, CW is doing worse than 66.20% of the companies in the same industry.
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.
The Earnings Per Share has been growing by 8.38% on average over the past years. This is quite good.
CW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.51%.
Measured over the past years, CW shows a small growth in Revenue. The Revenue has been growing by 4.64% on average per year.
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
Based on estimates for the next years, CW will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.56% on average per year.
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.
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 43.62, which means the current valuation is very expensive for CW.
61.97% of the companies in the same industry are more expensive than CW, based on the Price/Earnings ratio.
CW is valuated expensively when we compare the Price/Earnings ratio to 26.39, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 36.65, the valuation of CW can be described as expensive.
61.97% of the companies in the same industry are more expensive than CW, based on the Price/Forward Earnings ratio.
CW's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.62 | ||
| Fwd PE | 36.65 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CW is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, CW is valued a bit cheaper than the industry average as 69.01% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.6 | ||
| EV/EBITDA | 28.74 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CW has an outstanding profitability rating, which 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)1.8
PEG (5Y)5.21
EPS Next 2Y18.03%
EPS Next 3Y15.76%
5. Dividend
5.1 Amount
CW has a yearly dividend return of 0.18%, which is pretty low.
Compared to an average industry Dividend Yield of 0.41, CW pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.18, CW pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.18% |
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 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
CW pays out 7.08% of its income as dividend. This is a 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%
554.9
+12.46 (+2.3%)
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 Cap20.46B
Revenue(TTM)3.38B
Net Income(TTM)465.08M
Analysts82.5
Price Target599.17 (7.98%)
Short Float %0.98%
Short Ratio1.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.18% |
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)6.85%
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 | 43.62 | ||
| Fwd PE | 36.65 | ||
| P/S | 6.06 | ||
| P/FCF | 39.6 | ||
| P/OCF | 34.56 | ||
| P/B | 8.09 | ||
| P/tB | 71.41 | ||
| EV/EBITDA | 28.74 |
EPS(TTM)12.72
EY2.29%
EPS(NY)15.14
Fwd EY2.73%
FCF(TTM)14.01
FCFY2.53%
OCF(TTM)16.06
OCFY2.89%
SpS91.56
BVpS68.61
TBVpS7.77
PEG (NY)1.8
PEG (5Y)5.21
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 | 7.17 |
F-Score8
WACC9.61%
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 Year42.49%
EBIT Next 3Y19.46%
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%.