CURTISS-WRIGHT CORP (CW) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CW - US2315611010 - Common Stock
572.38 USD
+21.11 (+3.83%)
556.28 USD
-16.1 (-2.81%)
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. 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.
In the past 5 years CW always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CW (9.12%) is better than 91.55% of its industry peers.
CW's Return On Equity of 18.39% is amongst the best of the industry. CW outperforms 85.92% of its industry peers.
The Return On Invested Capital of CW (11.90%) is better than 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 8.63%.
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
CW has a Profit Margin of 13.78%. This is amongst the best in the industry. CW outperforms 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.
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.
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
CW has less shares outstanding than it did 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 7.33. This indicates that CW is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 7.33, CW is doing good in the industry, outperforming 73.24% of the companies in the same industry.
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.
Looking at the Debt to FCF ratio, with a value of 1.87, CW belongs to the top of the industry, outperforming 92.96% of the companies in the same industry.
A Debt/Equity ratio of 0.38 indicates that CW is not too dependend on debt financing.
CW has a Debt to Equity ratio (0.38) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.87 | ||
| Altman-Z | 7.33 |
ROIC/WACC1.18
WACC10.06%
2.3 Liquidity
A Current Ratio of 1.75 indicates that CW should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.75, CW is doing worse than 63.38% of the companies in the same industry.
CW has a Quick Ratio of 1.17. 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 worse Quick ratio (1.17) than 64.79% 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
The Earnings Per Share has grown by an nice 18.22% 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.
Looking at the last year, CW shows a quite strong growth in Revenue. The Revenue has grown by 9.51% in the last year.
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
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.
Based on estimates for the next years, CW will show a quite strong growth in Revenue. The Revenue will grow by 8.85% on average per year.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 45.00, which means the current valuation is very expensive for CW.
CW's Price/Earnings ratio is a bit cheaper when compared to the industry. CW is cheaper than 61.97% of the companies in the same industry.
CW's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.60.
The Price/Forward Earnings ratio is 37.80, which means the current valuation is very expensive for CW.
CW's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CW is cheaper than 63.38% 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 23.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45 | ||
| Fwd PE | 37.8 |
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 | 40.85 | ||
| EV/EBITDA | 29.61 |
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 15.76% in the coming years.
PEG (NY)1.85
PEG (5Y)5.37
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.
Compared to an average industry Dividend Yield of 0.39, CW pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.94, 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 paid a dividend for at least 10 years, which is 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.
The dividend of CW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP7.08%
EPS Next 2Y18.03%
EPS Next 3Y15.76%
572.38
+21.11 (+3.83%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners87.06%
Inst Owner Change0%
Ins Owners0.42%
Ins Owner Change-3.01%
Market Cap21.10B
Revenue(TTM)3.38B
Net Income(TTM)465.08M
Analysts82.5
Price Target599.17 (4.68%)
Short Float %1.15%
Short Ratio1.61
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-DateN/A
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)-0.07%
EPS NY rev (3m)1.45%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)1.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45 | ||
| Fwd PE | 37.8 | ||
| P/S | 6.25 | ||
| P/FCF | 40.85 | ||
| P/OCF | 35.65 | ||
| P/B | 8.34 | ||
| P/tB | 73.66 | ||
| EV/EBITDA | 29.61 |
EPS(TTM)12.72
EY2.22%
EPS(NY)15.14
Fwd EY2.65%
FCF(TTM)14.01
FCFY2.45%
OCF(TTM)16.06
OCFY2.8%
SpS91.56
BVpS68.61
TBVpS7.77
PEG (NY)1.85
PEG (5Y)5.37
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 | 7.33 |
F-Score8
WACC10.06%
ROIC/WACC1.18
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.
What is the valuation status of CURTISS-WRIGHT CORP (CW) stock?
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.
What are the PE and PB ratios of CURTISS-WRIGHT CORP (CW) stock?
The Price/Earnings (PE) ratio for CURTISS-WRIGHT CORP (CW) is 45 and the Price/Book (PB) ratio is 8.34.
How sustainable is the dividend of CURTISS-WRIGHT CORP (CW) stock?
The dividend rating of CURTISS-WRIGHT CORP (CW) is 6 / 10 and the dividend payout ratio is 7.08%.