CURTISS-WRIGHT CORP (CW) Stock Fundamental Analysis
USA - NYSE:CW - US2315611010 - Common Stock
586.02 USD
-15.76 (-2.62%)
587.66 USD
+1.64 (+0.28%)
CW gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 71 industry peers in the Aerospace & Defense industry. CW has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. CW is valied quite expensively at the moment, while it does show a decent growth rate. With these ratings, CW could be worth investigating further 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.
In the past 5 years CW has always been profitable.
CW had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CW has a Return On Assets of 8.69%. This is amongst the best in the industry. CW outperforms 90.14% of its industry peers.
CW's Return On Equity of 16.65% is amongst the best of the industry. CW outperforms 84.51% of its industry peers.
CW's Return On Invested Capital of 11.07% is amongst the best of the industry. CW outperforms 87.32% 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 8.48%.
The 3 year average ROIC (10.03%) for CW is below the current ROIC(11.07%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.69% | ||
| ROE | 16.65% | ||
| ROIC | 11.07% |
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 13.66%, 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 18.12%, CW belongs to the top of the industry, outperforming 88.73% of the companies in the same industry.
In the last couple of years the Operating Margin of CW has grown nicely.
CW has a Gross Margin of 37.34%. This is in the better half of the industry: CW outperforms 77.46% of its industry peers.
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 | 18.12% | ||
| PM (TTM) | 13.66% | ||
| GM | 37.34% |
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.
Compared to 1 year ago, CW has less shares outstanding
Compared to 5 years ago, CW has less shares outstanding
Compared to 1 year ago, CW has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 7.82 indicates that CW is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 7.82, CW is doing good in the industry, outperforming 74.65% of the companies in the same industry.
The Debt to FCF ratio of CW is 1.90, which is an excellent value as it means it would take CW, only 1.90 years of fcf income to pay off all of its debts.
CW's Debt to FCF ratio of 1.90 is amongst the best of the industry. CW outperforms 94.37% of its industry peers.
A Debt/Equity ratio of 0.35 indicates that CW is not too dependend on debt financing.
CW has a Debt to Equity ratio of 0.35. This is in the better half of the industry: CW outperforms 63.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 1.9 | ||
| Altman-Z | 7.82 |
ROIC/WACC1.17
WACC9.5%
2.3 Liquidity
A Current Ratio of 1.95 indicates that CW should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.95, CW is in line with its industry, outperforming 42.25% of the companies in the same industry.
A Quick Ratio of 1.35 indicates that CW should not have too much problems paying its short term obligations.
CW's Quick ratio of 1.35 is in line compared to the rest of the industry. CW outperforms 43.66% 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 | 1.95 | ||
| Quick Ratio | 1.35 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.97% over the past year.
CW shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.38% yearly.
The Revenue has grown by 9.89% 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)18.97%
EPS 3Y13.93%
EPS 5Y8.38%
EPS Q2Q%22.35%
Revenue 1Y (TTM)9.89%
Revenue growth 3Y7.67%
Revenue growth 5Y4.64%
Sales Q2Q%11.7%
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 13.14% on average per year.
CW is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.08% yearly.
EPS Next Y22.97%
EPS Next 2Y16.15%
EPS Next 3Y13.8%
EPS Next 5Y13.14%
Revenue Next Year11.25%
Revenue Next 2Y8.99%
Revenue Next 3Y8.18%
Revenue Next 5Y8.08%
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
With a Price/Earnings ratio of 47.68, CW can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of CW is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.03, CW is valued quite expensively.
With a Price/Forward Earnings ratio of 39.96, CW can be considered very expensive at the moment.
CW's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.27, CW is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.68 | ||
| Fwd PE | 39.96 |
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 69.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.87 | ||
| EV/EBITDA | 32.61 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CW has an outstanding profitability rating, which may justify a higher PE ratio.
CW's earnings are expected to grow with 13.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.08
PEG (5Y)5.69
EPS Next 2Y16.15%
EPS Next 3Y13.8%
5. Dividend
5.1 Amount
CW has a yearly dividend return of 0.16%, which is pretty low.
Compared to an average industry Dividend Yield of 1.10, CW pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.16, CW pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
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
CW pays out 7.07% 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.
DP7.07%
EPS Next 2Y16.15%
EPS Next 3Y13.8%
586.02
-15.76 (-2.62%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners86.4%
Inst Owner Change-1.53%
Ins Owners0.45%
Ins Owner Change0.32%
Market Cap22.08B
Revenue(TTM)3.31B
Net Income(TTM)451.41M
Analysts82.5
Price Target560.76 (-4.31%)
Short Float %0.95%
Short Ratio1.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
Yearly Dividend0.83
Dividend Growth(5Y)4.82%
DP7.07%
Div Incr Years8
Div Non Decr Years33
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.56%
Min EPS beat(2)0.33%
Max EPS beat(2)14.8%
EPS beat(4)4
Avg EPS beat(4)6.21%
Min EPS beat(4)0.33%
Max EPS beat(4)14.8%
EPS beat(8)8
Avg EPS beat(8)7.01%
EPS beat(12)10
Avg EPS beat(12)5.5%
EPS beat(16)13
Avg EPS beat(16)4.76%
Revenue beat(2)1
Avg Revenue beat(2)0.88%
Min Revenue beat(2)-0.12%
Max Revenue beat(2)1.88%
Revenue beat(4)3
Avg Revenue beat(4)1.39%
Min Revenue beat(4)-0.12%
Max Revenue beat(4)2.45%
Revenue beat(8)7
Avg Revenue beat(8)2.37%
Revenue beat(12)9
Avg Revenue beat(12)1.5%
Revenue beat(16)9
Avg Revenue beat(16)0.34%
PT rev (1m)12.19%
PT rev (3m)19.38%
EPS NQ rev (1m)0.74%
EPS NQ rev (3m)1.37%
EPS NY rev (1m)0.39%
EPS NY rev (3m)1.56%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)1.95%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.68 | ||
| Fwd PE | 39.96 | ||
| P/S | 6.68 | ||
| P/FCF | 43.87 | ||
| P/OCF | 38.31 | ||
| P/B | 8.14 | ||
| P/tB | 49.79 | ||
| EV/EBITDA | 32.61 |
EPS(TTM)12.29
EY2.1%
EPS(NY)14.67
Fwd EY2.5%
FCF(TTM)13.36
FCFY2.28%
OCF(TTM)15.3
OCFY2.61%
SpS87.72
BVpS71.97
TBVpS11.77
PEG (NY)2.08
PEG (5Y)5.69
Graham Number141.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.69% | ||
| ROE | 16.65% | ||
| ROCE | 14.37% | ||
| ROIC | 11.07% | ||
| ROICexc | 12.03% | ||
| ROICexgc | 29.43% | ||
| OM | 18.12% | ||
| PM (TTM) | 13.66% | ||
| GM | 37.34% | ||
| FCFM | 15.23% |
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-Score7
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 1.9 | ||
| Debt/EBITDA | 1.34 | ||
| Cap/Depr | 63.13% | ||
| Cap/Sales | 2.21% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.68% | ||
| Profit Quality | 111.51% | ||
| Current Ratio | 1.95 | ||
| Quick Ratio | 1.35 | ||
| Altman-Z | 7.82 |
F-Score7
WACC9.5%
ROIC/WACC1.17
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)18.97%
EPS 3Y13.93%
EPS 5Y8.38%
EPS Q2Q%22.35%
EPS Next Y22.97%
EPS Next 2Y16.15%
EPS Next 3Y13.8%
EPS Next 5Y13.14%
Revenue 1Y (TTM)9.89%
Revenue growth 3Y7.67%
Revenue growth 5Y4.64%
Sales Q2Q%11.7%
Revenue Next Year11.25%
Revenue Next 2Y8.99%
Revenue Next 3Y8.18%
Revenue Next 5Y8.08%
EBIT growth 1Y13.76%
EBIT growth 3Y11.18%
EBIT growth 5Y6.26%
EBIT Next Year41.22%
EBIT Next 3Y18.09%
EBIT Next 5Y15.31%
FCF growth 1Y37.53%
FCF growth 3Y11.72%
FCF growth 5Y6.57%
OCF growth 1Y41.48%
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 3 / 10 to CURTISS-WRIGHT CORP (CW). This can be considered as Overvalued.
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 7.07%.