WOODWARD INC (WWD) Stock Fundamental Analysis
USA - NASDAQ:WWD - US9807451037 - Common Stock
258.58 USD
-0.83 (-0.32%)
258.58 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to WWD. WWD was compared to 71 industry peers in the Aerospace & Defense industry. WWD has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. WWD is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year WWD was profitable.
WWD had a positive operating cash flow in the past year.
In the past 5 years WWD has always been profitable.
WWD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of WWD (8.23%) is better than 88.73% of its industry peers.
Looking at the Return On Equity, with a value of 15.71%, WWD belongs to the top of the industry, outperforming 83.10% of the companies in the same industry.
WWD's Return On Invested Capital of 8.75% is fine compared to the rest of the industry. WWD outperforms 77.46% of its industry peers.
WWD had an Average Return On Invested Capital over the past 3 years of 7.87%. This is in line with the industry average of 8.47%.
The last Return On Invested Capital (8.75%) for WWD is above the 3 year average (7.87%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.23% | ||
| ROE | 15.71% | ||
| ROIC | 8.75% |
ROA(3y)6.28%
ROA(5y)6.02%
ROE(3y)12.46%
ROE(5y)11.77%
ROIC(3y)7.87%
ROIC(5y)7.33%
1.3 Margins
WWD has a better Profit Margin (11.32%) than 83.10% of its industry peers.
WWD's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 12.44%, WWD is in the better half of the industry, outperforming 77.46% of the companies in the same industry.
WWD's Operating Margin has improved in the last couple of years.
WWD has a Gross Margin (25.88%) which is in line with its industry peers.
In the last couple of years the Gross Margin of WWD has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.44% | ||
| PM (TTM) | 11.32% | ||
| GM | 25.88% |
OM growth 3Y5.7%
OM growth 5Y4.68%
PM growth 3Y6.5%
PM growth 5Y4.62%
GM growth 3Y2.42%
GM growth 5Y1.57%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WWD is destroying value.
WWD has less shares outstanding than it did 1 year ago.
The number of shares outstanding for WWD has been reduced compared to 5 years ago.
WWD has a worse debt/assets ratio than last year.
2.2 Solvency
WWD has an Altman-Z score of 6.49. This indicates that WWD is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 6.49, WWD is doing good in the industry, outperforming 74.65% of the companies in the same industry.
The Debt to FCF ratio of WWD is 3.37, which is a good value as it means it would take WWD, 3.37 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 3.37, WWD belongs to the best of the industry, outperforming 83.10% of the companies in the same industry.
A Debt/Equity ratio of 0.35 indicates that WWD is not too dependend on debt financing.
WWD's Debt to Equity ratio of 0.35 is fine compared to the rest of the industry. WWD outperforms 61.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.37 | ||
| Altman-Z | 6.49 |
ROIC/WACC0.91
WACC9.63%
2.3 Liquidity
WWD has a Current Ratio of 2.04. This indicates that WWD is financially healthy and has no problem in meeting its short term obligations.
WWD's Current ratio of 2.04 is in line compared to the rest of the industry. WWD outperforms 46.48% of its industry peers.
WWD has a Quick Ratio of 1.39. This is a normal value and indicates that WWD is financially healthy and should not expect problems in meeting its short term obligations.
WWD's Quick ratio of 1.39 is in line compared to the rest of the industry. WWD outperforms 46.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
WWD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.99%.
WWD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.60% yearly.
Looking at the last year, WWD shows a small growth in Revenue. The Revenue has grown by 5.53% in the last year.
Measured over the past years, WWD shows a small growth in Revenue. The Revenue has been growing by 2.77% on average per year.
EPS 1Y (TTM)2.99%
EPS 3Y23.55%
EPS 5Y4.6%
EPS Q2Q%7.98%
Revenue 1Y (TTM)5.53%
Revenue growth 3Y13.97%
Revenue growth 5Y2.77%
Sales Q2Q%7.99%
3.2 Future
WWD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.28% yearly.
WWD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.18% yearly.
EPS Next Y9.99%
EPS Next 2Y13.94%
EPS Next 3Y14.42%
EPS Next 5Y12.28%
Revenue Next Year6.73%
Revenue Next 2Y8.26%
Revenue Next 3Y8.06%
Revenue Next 5Y2.18%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 41.64 indicates a quite expensive valuation of WWD.
WWD's Price/Earnings ratio is a bit cheaper when compared to the industry. WWD is cheaper than 61.97% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.47, WWD is valued quite expensively.
The Price/Forward Earnings ratio is 32.60, which means the current valuation is very expensive for WWD.
64.79% of the companies in the same industry are more expensive than WWD, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of WWD to the average of the S&P500 Index (35.42), we can say WWD is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.64 | ||
| Fwd PE | 32.6 |
4.2 Price Multiples
WWD's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of WWD is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.96 | ||
| EV/EBITDA | 29.02 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
WWD has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as WWD's earnings are expected to grow with 14.42% in the coming years.
PEG (NY)4.17
PEG (5Y)9.06
EPS Next 2Y13.94%
EPS Next 3Y14.42%
5. Dividend
5.1 Amount
WWD has a yearly dividend return of 0.43%, which is pretty low.
Compared to an average industry Dividend Yield of 1.37, WWD pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.43, WWD pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
5.2 History
On average, the dividend of WWD grows each year by 9.14%, which is quite nice.
WWD has paid a dividend for at least 10 years, which is a reliable track record.
WWD has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.14%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
16.25% of the earnings are spent on dividend by WWD. This is a low number and sustainable payout ratio.
The dividend of WWD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP16.25%
EPS Next 2Y13.94%
EPS Next 3Y14.42%
258.58
-0.83 (-0.32%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners89.57%
Inst Owner Change1.59%
Ins Owners0.16%
Ins Owner Change-2.18%
Market Cap15.51B
Revenue(TTM)3.43B
Net Income(TTM)387.78M
Analysts77.33
Price Target302.44 (16.96%)
Short Float %1.85%
Short Ratio2.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
Yearly Dividend0.98
Dividend Growth(5Y)9.14%
DP16.25%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.53%
Min EPS beat(2)6.42%
Max EPS beat(2)14.65%
EPS beat(4)4
Avg EPS beat(4)11.21%
Min EPS beat(4)6.42%
Max EPS beat(4)14.65%
EPS beat(8)8
Avg EPS beat(8)12.9%
EPS beat(12)11
Avg EPS beat(12)13.72%
EPS beat(16)11
Avg EPS beat(16)4.92%
Revenue beat(2)2
Avg Revenue beat(2)3.3%
Min Revenue beat(2)1.82%
Max Revenue beat(2)4.78%
Revenue beat(4)3
Avg Revenue beat(4)2.41%
Min Revenue beat(4)-1.28%
Max Revenue beat(4)4.78%
Revenue beat(8)6
Avg Revenue beat(8)1.89%
Revenue beat(12)10
Avg Revenue beat(12)3.38%
Revenue beat(16)10
Avg Revenue beat(16)1.2%
PT rev (1m)1.16%
PT rev (3m)4.18%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.74%
EPS NY rev (1m)0.61%
EPS NY rev (3m)4.84%
Revenue NQ rev (1m)0.39%
Revenue NQ rev (3m)0.77%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.64 | ||
| Fwd PE | 32.6 | ||
| P/S | 4.53 | ||
| P/FCF | 55.96 | ||
| P/OCF | 40.84 | ||
| P/B | 6.28 | ||
| P/tB | 12.71 | ||
| EV/EBITDA | 29.02 |
EPS(TTM)6.21
EY2.4%
EPS(NY)7.93
Fwd EY3.07%
FCF(TTM)4.62
FCFY1.79%
OCF(TTM)6.33
OCFY2.45%
SpS57.13
BVpS41.16
TBVpS20.34
PEG (NY)4.17
PEG (5Y)9.06
Graham Number75.84
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.23% | ||
| ROE | 15.71% | ||
| ROCE | 11.52% | ||
| ROIC | 8.75% | ||
| ROICexc | 9.9% | ||
| ROICexgc | 15.21% | ||
| OM | 12.44% | ||
| PM (TTM) | 11.32% | ||
| GM | 25.88% | ||
| FCFM | 8.09% |
ROA(3y)6.28%
ROA(5y)6.02%
ROE(3y)12.46%
ROE(5y)11.77%
ROIC(3y)7.87%
ROIC(5y)7.33%
ROICexc(3y)8.33%
ROICexc(5y)7.83%
ROICexgc(3y)13.36%
ROICexgc(5y)12.89%
ROCE(3y)9.77%
ROCE(5y)9%
ROICexgc growth 3Y16.18%
ROICexgc growth 5Y3.29%
ROICexc growth 3Y19.24%
ROICexc growth 5Y6.07%
OM growth 3Y5.7%
OM growth 5Y4.68%
PM growth 3Y6.5%
PM growth 5Y4.62%
GM growth 3Y2.42%
GM growth 5Y1.57%
F-Score5
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.37 | ||
| Debt/EBITDA | 1.59 | ||
| Cap/Depr | 90.48% | ||
| Cap/Sales | 3% | ||
| Interest Coverage | 11.47 | ||
| Cash Conversion | 70.36% | ||
| Profit Quality | 71.46% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.39 | ||
| Altman-Z | 6.49 |
F-Score5
WACC9.63%
ROIC/WACC0.91
Cap/Depr(3y)63.55%
Cap/Depr(5y)51.13%
Cap/Sales(3y)2.58%
Cap/Sales(5y)2.26%
Profit Quality(3y)91.23%
Profit Quality(5y)120.84%
High Growth Momentum
Growth
EPS 1Y (TTM)2.99%
EPS 3Y23.55%
EPS 5Y4.6%
EPS Q2Q%7.98%
EPS Next Y9.99%
EPS Next 2Y13.94%
EPS Next 3Y14.42%
EPS Next 5Y12.28%
Revenue 1Y (TTM)5.53%
Revenue growth 3Y13.97%
Revenue growth 5Y2.77%
Sales Q2Q%7.99%
Revenue Next Year6.73%
Revenue Next 2Y8.26%
Revenue Next 3Y8.06%
Revenue Next 5Y2.18%
EBIT growth 1Y-4.47%
EBIT growth 3Y20.46%
EBIT growth 5Y7.58%
EBIT Next Year33.19%
EBIT Next 3Y20.41%
EBIT Next 5Y16.33%
FCF growth 1Y45.58%
FCF growth 3Y-7.06%
FCF growth 5Y3.3%
OCF growth 1Y44.25%
OCF growth 3Y-1.87%
OCF growth 5Y2.37%
WOODWARD INC / WWD FAQ
What is the fundamental rating for WWD stock?
ChartMill assigns a fundamental rating of 6 / 10 to WWD.
Can you provide the valuation status for WOODWARD INC?
ChartMill assigns a valuation rating of 3 / 10 to WOODWARD INC (WWD). This can be considered as Overvalued.
What is the profitability of WWD stock?
WOODWARD INC (WWD) has a profitability rating of 8 / 10.
What is the expected EPS growth for WOODWARD INC (WWD) stock?
The Earnings per Share (EPS) of WOODWARD INC (WWD) is expected to grow by 9.99% in the next year.
How sustainable is the dividend of WOODWARD INC (WWD) stock?
The dividend rating of WOODWARD INC (WWD) is 5 / 10 and the dividend payout ratio is 16.25%.