CURTISS-WRIGHT CORP (CW) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CW - US2315611010 - Common Stock
568.06 USD
+13.16 (+2.37%)
568.06 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. CW scores excellent points on both the profitability and health parts. This is a solid base for a good stock. CW has a correct valuation and a medium growth rate. These ratings could make CW a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
In the past year CW was profitable.
CW had a positive operating cash flow in the past year.
CW had positive earnings in each of the past 5 years.
In the past 5 years CW always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 9.12%, CW belongs to the best of the industry, outperforming 91.55% of the companies in the same industry.
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.
CW has a better Return On Invested Capital (11.90%) 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 8.60%.
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
Looking at the Profit Margin, with a value of 13.78%, CW belongs to the top of the industry, outperforming 88.73% of the companies in the same industry.
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.
In the last couple of years the Operating Margin of CW has grown nicely.
CW's Gross Margin of 37.43% is fine compared to the rest of the industry. CW outperforms 76.06% 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 | 18.3% | ||
| 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 7.29. This indicates that CW is financially healthy and has little risk of bankruptcy at the moment.
CW has a better Altman-Z score (7.29) than 70.42% 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.
Looking at the Debt to Equity ratio, with a value of 0.38, CW is in line with its industry, outperforming 56.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.87 | ||
| Altman-Z | 7.29 |
ROIC/WACC1.24
WACC9.62%
2.3 Liquidity
A Current Ratio of 1.75 indicates that CW should not have too much problems paying its short term obligations.
CW has a worse Current ratio (1.75) than 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.
The Quick ratio of CW (1.17) is worse than 66.20% 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.
Measured over the past years, CW shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.38% on average per year.
The Revenue has grown by 9.51% in the past year. This is quite good.
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
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.
CW is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.85% yearly.
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
CW is valuated quite expensively with a Price/Earnings ratio of 44.66.
61.97% of the companies in the same industry are more expensive than CW, based on the Price/Earnings ratio.
CW's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.61.
Based on the Price/Forward Earnings ratio of 37.51, the valuation of CW can be described as expensive.
CW's Price/Forward 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 is valuated expensively when we compare the Price/Forward Earnings ratio to 24.01, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.66 | ||
| Fwd PE | 37.51 |
4.2 Price Multiples
CW's Enterprise Value to EBITDA is on the same level as the industry average.
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 | 40.54 | ||
| EV/EBITDA | 29.39 |
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.
CW's earnings are expected to grow with 15.76% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.84
PEG (5Y)5.33
EPS Next 2Y18.03%
EPS Next 3Y15.76%
5. Dividend
5.1 Amount
With a yearly dividend of 0.18%, CW is not a good candidate for dividend investing.
CW's Dividend Yield is a higher than the industry average which is at 0.41.
Compared to an average S&P500 Dividend Yield of 1.87, CW's dividend is way lower than the S&P500 average.
| 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 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 2Y18.03%
EPS Next 3Y15.76%
568.06
+13.16 (+2.37%)
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 Cap20.94B
Revenue(TTM)3.38B
Net Income(TTM)465.08M
Analysts82.5
Price Target599.17 (5.48%)
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 | 44.66 | ||
| Fwd PE | 37.51 | ||
| P/S | 6.2 | ||
| P/FCF | 40.54 | ||
| P/OCF | 35.38 | ||
| P/B | 8.28 | ||
| P/tB | 73.1 | ||
| EV/EBITDA | 29.39 |
EPS(TTM)12.72
EY2.24%
EPS(NY)15.14
Fwd EY2.67%
FCF(TTM)14.01
FCFY2.47%
OCF(TTM)16.06
OCFY2.83%
SpS91.56
BVpS68.61
TBVpS7.77
PEG (NY)1.84
PEG (5Y)5.33
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 | 7.29 |
F-Score8
WACC9.62%
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%.