Caterpillar Inc (CATR.PA) Fundamental Analysis & Valuation

EPA:CATR • US1491231015

327 EUR
-1.5 (-0.46%)
Last: May 27, 2024, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This CATR.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Taking everything into account, CATR scores 6 out of 10 in our fundamental rating. CATR was compared to 109 industry peers in the Machinery industry. CATR has an excellent profitability rating, but there are some minor concerns on its financial health. CATR has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

9

1. CATR.PA Profitability Analysis

1.1 Basic Checks

  • CATR had positive earnings in the past year.
  • CATR had a positive operating cash flow in the past year.
  • CATR had positive earnings in each of the past 5 years.
  • In the past 5 years CATR always reported a positive cash flow from operatings.
CATR.PA Yearly Net Income VS EBIT VS OCF VS FCFCATR.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B

1.2 Ratios

  • With an excellent Return On Assets value of 13.43%, CATR belongs to the best of the industry, outperforming 94.23% of the companies in the same industry.
  • CATR has a better Return On Equity (63.77%) than 98.08% of its industry peers.
  • CATR has a Return On Invested Capital of 21.21%. This is amongst the best in the industry. CATR outperforms 96.15% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CATR is significantly above the industry average of 8.83%.
  • The 3 year average ROIC (14.39%) for CATR is below the current ROIC(21.21%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 13.43%
ROE 63.77%
ROIC 21.21%
ROA(3y)9.28%
ROA(5y)7.89%
ROE(3y)44.88%
ROE(5y)39.19%
ROIC(3y)14.39%
ROIC(5y)12.73%
CATR.PA Yearly ROA, ROE, ROICCATR.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30 40 50

1.3 Margins

  • Looking at the Profit Margin, with a value of 16.79%, CATR belongs to the top of the industry, outperforming 94.23% of the companies in the same industry.
  • CATR's Profit Margin has improved in the last couple of years.
  • CATR's Operating Margin of 22.43% is amongst the best of the industry. CATR outperforms 95.19% of its industry peers.
  • In the last couple of years the Operating Margin of CATR has grown nicely.
  • Looking at the Gross Margin, with a value of 37.03%, CATR is in line with its industry, outperforming 47.12% of the companies in the same industry.
  • CATR's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 22.43%
PM (TTM) 16.79%
GM 37.03%
OM growth 3Y18.73%
OM growth 5Y5.1%
PM growth 3Y28.99%
PM growth 5Y6.53%
GM growth 3Y6.13%
GM growth 5Y2.15%
CATR.PA Yearly Profit, Operating, Gross MarginsCATR.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30

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5

2. CATR.PA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CATR is creating value.
  • CATR has less shares outstanding than it did 1 year ago.
  • The debt/assets ratio for CATR has been reduced compared to a year ago.
CATR.PA Yearly Shares OutstandingCATR.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M
CATR.PA Yearly Total Debt VS Total AssetsCATR.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 20B 40B 60B 80B

2.2 Solvency

  • CATR has an Altman-Z score of 4.04. This indicates that CATR is financially healthy and has little risk of bankruptcy at the moment.
  • CATR's Altman-Z score of 4.04 is amongst the best of the industry. CATR outperforms 90.38% of its industry peers.
  • CATR has a debt to FCF ratio of 3.68. This is a good value and a sign of high solvency as CATR would need 3.68 years to pay back of all of its debts.
  • The Debt to FCF ratio of CATR (3.68) is better than 67.31% of its industry peers.
  • CATR has a Debt/Equity ratio of 1.61. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.61, CATR is not doing good in the industry: 85.58% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.61
Debt/FCF 3.68
Altman-Z 4.04
ROIC/WACC2.46
WACC8.63%
CATR.PA Yearly LT Debt VS Equity VS FCFCATR.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B 20B 25B

2.3 Liquidity

  • A Current Ratio of 1.35 indicates that CATR should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.35, CATR is doing worse than 64.42% of the companies in the same industry.
  • A Quick Ratio of 0.83 indicates that CATR may have some problems paying its short term obligations.
  • CATR's Quick ratio of 0.83 is on the low side compared to the rest of the industry. CATR is outperformed by 66.35% of its industry peers.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 0.83
CATR.PA Yearly Current Assets VS Current LiabilitesCATR.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B 40B

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4

3. CATR.PA Growth Analysis

3.1 Past

  • CATR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.27%, which is quite impressive.
  • Measured over the past years, CATR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.62% on average per year.
  • The Revenue has grown by 8.59% in the past year. This is quite good.
  • CATR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.15% yearly.
EPS 1Y (TTM)34.27%
EPS 3Y51.58%
EPS 5Y13.62%
EPS Q2Q%14.05%
Revenue 1Y (TTM)8.59%
Revenue growth 3Y17.11%
Revenue growth 5Y4.15%
Sales Q2Q%-0.4%

3.2 Future

  • The Earnings Per Share is expected to decrease by -4.92% on average over the next years.
  • The Revenue is expected to grow by 3.72% on average over the next years.
EPS Next Y3.37%
EPS Next 2Y4.23%
EPS Next 3Y5.64%
EPS Next 5Y-4.92%
Revenue Next Year-1.31%
Revenue Next 2Y1.37%
Revenue Next 3Y2.6%
Revenue Next 5Y3.72%

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 decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
CATR.PA Yearly Revenue VS EstimatesCATR.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20B 40B 60B
CATR.PA Yearly EPS VS EstimatesCATR.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10 15 20 25

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4

4. CATR.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 16.27, the valuation of CATR can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of CATR is on the same level as its industry peers.
  • CATR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.45.
  • Based on the Price/Forward Earnings ratio of 15.47, the valuation of CATR can be described as correct.
  • CATR's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 24.65. CATR is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 16.27
Fwd PE 15.47
CATR.PA Price Earnings VS Forward Price EarningsCATR.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 66.35% of the companies in the same industry are cheaper than CATR, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CATR is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 16.94
EV/EBITDA 11.86
CATR.PA Per share dataCATR.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CATR does not grow enough to justify the current Price/Earnings ratio.
  • CATR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.83
PEG (5Y)1.19
EPS Next 2Y4.23%
EPS Next 3Y5.64%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. CATR.PA Dividend Analysis

5.1 Amount

  • CATR has a Yearly Dividend Yield of 1.58%.
  • CATR's Dividend Yield is a higher than the industry average which is at 1.45.
  • CATR's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.58%

5.2 History

  • On average, the dividend of CATR grows each year by 8.72%, which is quite nice.
Dividend Growth(5Y)8.72%
Div Incr Years5
Div Non Decr Years5
CATR.PA Yearly Dividends per shareCATR.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 1 2 3 4

5.3 Sustainability

  • CATR pays out 23.04% of its income as dividend. This is a sustainable payout ratio.
DP23.04%
EPS Next 2Y4.23%
EPS Next 3Y5.64%
CATR.PA Yearly Income VS Free CF VS DividendCATR.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B 6B 8B 10B
CATR.PA Dividend Payout.CATR.PA Dividend Payout, showing the Payout Ratio.CATR.PA Dividend Payout.PayoutRetained Earnings

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CATR.PA Fundamentals: All Metrics, Ratios and Statistics

Caterpillar Inc

EPA:CATR (5/27/2024, 7:00:00 PM)

327

-1.5 (-0.46%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)04-25
Earnings (Next)07-30
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap159.92B
Revenue(TTM)67.00B
Net Income(TTM)11.25B
Analysts68.39
Price Target318.7 (-2.54%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.58%
Yearly Dividend5.05
Dividend Growth(5Y)8.72%
DP23.04%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.44%
Min EPS beat(2)7.96%
Max EPS beat(2)8.92%
EPS beat(4)4
Avg EPS beat(4)12.7%
Min EPS beat(4)7.96%
Max EPS beat(4)19.89%
EPS beat(8)8
Avg EPS beat(8)14.11%
EPS beat(12)12
Avg EPS beat(12)13.94%
EPS beat(16)16
Avg EPS beat(16)20.4%
Revenue beat(2)0
Avg Revenue beat(2)-1.83%
Min Revenue beat(2)-2.46%
Max Revenue beat(2)-1.19%
Revenue beat(4)2
Avg Revenue beat(4)0.16%
Min Revenue beat(4)-2.46%
Max Revenue beat(4)4.01%
Revenue beat(8)5
Avg Revenue beat(8)1%
Revenue beat(12)8
Avg Revenue beat(12)1.01%
Revenue beat(16)10
Avg Revenue beat(16)1.41%
PT rev (1m)-3.04%
PT rev (3m)7.94%
EPS NQ rev (1m)1.2%
EPS NQ rev (3m)1.55%
EPS NY rev (1m)1.89%
EPS NY rev (3m)6.1%
Revenue NQ rev (1m)-2.89%
Revenue NQ rev (3m)-2.63%
Revenue NY rev (1m)-1.5%
Revenue NY rev (3m)-1.78%
Valuation
Industry RankSector Rank
PE 16.27
Fwd PE 15.47
P/S 2.6
P/FCF 16.94
P/OCF 13.04
P/B 9.88
P/tB 14.71
EV/EBITDA 11.86
EPS(TTM)20.1
EY6.15%
EPS(NY)21.14
Fwd EY6.47%
FCF(TTM)19.3
FCFY5.9%
OCF(TTM)25.07
OCFY7.67%
SpS125.71
BVpS33.1
TBVpS22.23
PEG (NY)4.83
PEG (5Y)1.19
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 13.43%
ROE 63.77%
ROCE 29.25%
ROIC 21.21%
ROICexc 23.31%
ROICexgc 26.37%
OM 22.43%
PM (TTM) 16.79%
GM 37.03%
FCFM 15.35%
ROA(3y)9.28%
ROA(5y)7.89%
ROE(3y)44.88%
ROE(5y)39.19%
ROIC(3y)14.39%
ROIC(5y)12.73%
ROICexc(3y)16.56%
ROICexc(5y)14.78%
ROICexgc(3y)18.95%
ROICexgc(5y)17.17%
ROCE(3y)20.42%
ROCE(5y)17.93%
ROICexgc growth 3Y31.38%
ROICexgc growth 5Y7.16%
ROICexc growth 3Y34.15%
ROICexc growth 5Y8.47%
OM growth 3Y18.73%
OM growth 5Y5.1%
PM growth 3Y28.99%
PM growth 5Y6.53%
GM growth 3Y6.13%
GM growth 5Y2.15%
F-Score8
Asset Turnover0.8
Health
Industry RankSector Rank
Debt/Equity 1.61
Debt/FCF 3.68
Debt/EBITDA 1.65
Cap/Depr 144.1%
Cap/Sales 4.59%
Interest Coverage 250
Cash Conversion 77.86%
Profit Quality 91.45%
Current Ratio 1.35
Quick Ratio 0.83
Altman-Z 4.04
F-Score8
WACC8.63%
ROIC/WACC2.46
Cap/Depr(3y)122.15%
Cap/Depr(5y)111.4%
Cap/Sales(3y)4.61%
Cap/Sales(5y)4.77%
Profit Quality(3y)81.55%
Profit Quality(5y)90.96%
High Growth Momentum
Growth
EPS 1Y (TTM)34.27%
EPS 3Y51.58%
EPS 5Y13.62%
EPS Q2Q%14.05%
EPS Next Y3.37%
EPS Next 2Y4.23%
EPS Next 3Y5.64%
EPS Next 5Y-4.92%
Revenue 1Y (TTM)8.59%
Revenue growth 3Y17.11%
Revenue growth 5Y4.15%
Sales Q2Q%-0.4%
Revenue Next Year-1.31%
Revenue Next 2Y1.37%
Revenue Next 3Y2.6%
Revenue Next 5Y3.72%
EBIT growth 1Y33.25%
EBIT growth 3Y39.05%
EBIT growth 5Y9.47%
EBIT Next Year14.81%
EBIT Next 3Y6.23%
EBIT Next 5Y-1.5%
FCF growth 1Y250.34%
FCF growth 3Y32.48%
FCF growth 5Y21.88%
OCF growth 1Y139.37%
OCF growth 3Y26.75%
OCF growth 5Y14.46%

Caterpillar Inc / CATR.PA FAQ

What is the ChartMill fundamental rating of Caterpillar Inc (CATR.PA) stock?

ChartMill assigns a fundamental rating of 6 / 10 to CATR.PA.


What is the valuation status of Caterpillar Inc (CATR.PA) stock?

ChartMill assigns a valuation rating of 4 / 10 to Caterpillar Inc (CATR.PA). This can be considered as Fairly Valued.


What is the profitability of CATR stock?

Caterpillar Inc (CATR.PA) has a profitability rating of 9 / 10.


What are the PE and PB ratios of Caterpillar Inc (CATR.PA) stock?

The Price/Earnings (PE) ratio for Caterpillar Inc (CATR.PA) is 16.27 and the Price/Book (PB) ratio is 9.88.


What is the earnings growth outlook for Caterpillar Inc?

The Earnings per Share (EPS) of Caterpillar Inc (CATR.PA) is expected to grow by 3.37% in the next year.