CADRE HOLDINGS INC (CDRE) Stock Fundamental Analysis
NYSE:CDRE - New York Stock Exchange, Inc. - US12763L1052 - Common Stock - Currency: USD
Overall CDRE gets a fundamental rating of 6 out of 10. We evaluated CDRE against 67 industry peers in the Aerospace & Defense industry. CDRE scores excellent on profitability, but there are some minor concerns on its financial health. CDRE has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year CDRE was profitable.
CDRE had a positive operating cash flow in the past year.
Each year in the past 5 years CDRE has been profitable.
In the past 5 years CDRE always reported a positive cash flow from operatings.
1.2 Ratios
CDRE's Return On Assets of 5.86% is fine compared to the rest of the industry. CDRE outperforms 73.13% of its industry peers.
Looking at the Return On Equity, with a value of 12.11%, CDRE is in the better half of the industry, outperforming 79.10% of the companies in the same industry.
CDRE's Return On Invested Capital of 8.93% is fine compared to the rest of the industry. CDRE outperforms 77.61% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CDRE is in line with the industry average of 8.47%.
The last Return On Invested Capital (8.93%) for CDRE is above the 3 year average (8.67%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.86% | ||
| ROE | 12.11% | ||
| ROIC | 8.93% |
ROA(3y)5.33%
ROA(5y)6.73%
ROE(3y)11.56%
ROE(5y)96.32%
ROIC(3y)8.67%
ROIC(5y)11.97%
1.3 Margins
CDRE has a Profit Margin of 6.87%. This is in the better half of the industry: CDRE outperforms 68.66% of its industry peers.
CDRE's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 12.85%, CDRE belongs to the best of the industry, outperforming 82.09% of the companies in the same industry.
In the last couple of years the Operating Margin of CDRE has grown nicely.
The Gross Margin of CDRE (41.44%) is better than 85.07% of its industry peers.
CDRE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.85% | ||
| PM (TTM) | 6.87% | ||
| GM | 41.44% |
OM growth 3Y-0.25%
OM growth 5Y8.48%
PM growth 3Y28.91%
PM growth 5YN/A
GM growth 3Y0.98%
GM growth 5Y3.46%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CDRE is destroying value.
Compared to 1 year ago, CDRE has more shares outstanding
The number of shares outstanding for CDRE has been increased compared to 5 years ago.
Compared to 1 year ago, CDRE has a worse debt to assets ratio.
2.2 Solvency
CDRE has an Altman-Z score of 4.11. This indicates that CDRE is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of CDRE (4.11) is comparable to the rest of the industry.
CDRE has a debt to FCF ratio of 5.33. This is a neutral value as CDRE would need 5.33 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.33, CDRE is doing good in the industry, outperforming 71.64% of the companies in the same industry.
CDRE has a Debt/Equity ratio of 0.66. This is a neutral value indicating CDRE is somewhat dependend on debt financing.
CDRE has a Debt to Equity ratio of 0.66. This is in the lower half of the industry: CDRE underperforms 61.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 5.33 | ||
| Altman-Z | 4.11 |
ROIC/WACC0.86
WACC10.35%
2.3 Liquidity
A Current Ratio of 3.55 indicates that CDRE has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.55, CDRE is doing good in the industry, outperforming 77.61% of the companies in the same industry.
CDRE has a Quick Ratio of 2.57. This indicates that CDRE is financially healthy and has no problem in meeting its short term obligations.
CDRE's Quick ratio of 2.57 is fine compared to the rest of the industry. CDRE outperforms 77.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.55 | ||
| Quick Ratio | 2.57 |
3. Growth
3.1 Past
CDRE shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.94%.
The Earnings Per Share has been growing by 34.28% on average over the past years. This is a very strong growth
The Revenue has grown by 10.06% in the past year. This is quite good.
CDRE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.17% yearly.
EPS 1Y (TTM)-5.94%
EPS 3Y34.28%
EPS 5YN/A
EPS Q2Q%27.78%
Revenue 1Y (TTM)10.06%
Revenue growth 3Y9.92%
Revenue growth 5Y6.17%
Sales Q2Q%-5.62%
3.2 Future
CDRE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.01% yearly.
The Revenue is expected to grow by 1.62% on average over the next years.
EPS Next Y40.37%
EPS Next 2Y27.81%
EPS Next 3Y20.01%
EPS Next 5YN/A
Revenue Next Year12.09%
Revenue Next 2Y10.01%
Revenue Next 3Y1.62%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 35.47, the valuation of CDRE can be described as expensive.
Based on the Price/Earnings ratio, CDRE is valued a bit cheaper than the industry average as 68.66% of the companies are valued more expensively.
CDRE is valuated rather expensively when we compare the Price/Earnings ratio to 27.35, which is the current average of the S&P500 Index.
CDRE is valuated rather expensively with a Price/Forward Earnings ratio of 22.92.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CDRE indicates a somewhat cheap valuation: CDRE is cheaper than 74.63% of the companies listed in the same industry.
CDRE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 37.54.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.47 | ||
| Fwd PE | 22.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CDRE indicates a somewhat cheap valuation: CDRE is cheaper than 74.63% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CDRE is valued cheaply inside the industry as 82.09% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.1 | ||
| EV/EBITDA | 16.56 |
4.3 Compensation for Growth
CDRE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CDRE has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as CDRE's earnings are expected to grow with 20.01% in the coming years.
PEG (NY)0.88
PEG (5Y)N/A
EPS Next 2Y27.81%
EPS Next 3Y20.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.17%, CDRE has a reasonable but not impressive dividend return.
CDRE's Dividend Yield is rather good when compared to the industry average which is at 1.16. CDRE pays more dividend than 88.06% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, CDRE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
5.2 History
CDRE has been paying a dividend for over 5 years, so it has already some track record.
CDRE has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
CDRE pays out 37.76% of its income as dividend. This is a sustainable payout ratio.
DP37.76%
EPS Next 2Y27.81%
EPS Next 3Y20.01%
33.7
-0.11 (-0.33%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners70.01%
Inst Owner Change-0.6%
Ins Owners30.6%
Ins Owner Change0.15%
Market Cap1.37B
Analysts80
Price Target43.52 (29.14%)
Short Float %6.32%
Short Ratio5.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
Yearly Dividend0.36
Dividend Growth(5Y)N/A
DP37.76%
Div Incr Years1
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)28.05%
Min EPS beat(2)-31.8%
Max EPS beat(2)87.91%
EPS beat(4)3
Avg EPS beat(4)28.09%
Min EPS beat(4)-31.8%
Max EPS beat(4)87.91%
EPS beat(8)6
Avg EPS beat(8)27.15%
EPS beat(12)7
Avg EPS beat(12)11.71%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)2.72%
Min Revenue beat(2)0.97%
Max Revenue beat(2)4.48%
Revenue beat(4)2
Avg Revenue beat(4)-2.5%
Min Revenue beat(4)-15.05%
Max Revenue beat(4)4.48%
Revenue beat(8)6
Avg Revenue beat(8)0.54%
Revenue beat(12)9
Avg Revenue beat(12)1.09%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.66%
PT rev (3m)1.11%
EPS NQ rev (1m)0.36%
EPS NQ rev (3m)-19.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.03%
Revenue NQ rev (1m)-0.92%
Revenue NQ rev (3m)1.52%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.47 | ||
| Fwd PE | 22.92 | ||
| P/S | 2.45 | ||
| P/FCF | 33.1 | ||
| P/OCF | 29.13 | ||
| P/B | 4.31 | ||
| P/tB | 21.73 | ||
| EV/EBITDA | 16.56 |
EPS(TTM)0.95
EY2.82%
EPS(NY)1.47
Fwd EY4.36%
FCF(TTM)1.02
FCFY3.02%
OCF(TTM)1.16
OCFY3.43%
SpS13.77
BVpS7.81
TBVpS1.55
PEG (NY)0.88
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.86% | ||
| ROE | 12.11% | ||
| ROCE | 12.79% | ||
| ROIC | 8.93% | ||
| ROICexc | 11.71% | ||
| ROICexgc | 28.76% | ||
| OM | 12.85% | ||
| PM (TTM) | 6.87% | ||
| GM | 41.44% | ||
| FCFM | 7.39% |
ROA(3y)5.33%
ROA(5y)6.73%
ROE(3y)11.56%
ROE(5y)96.32%
ROIC(3y)8.67%
ROIC(5y)11.97%
ROICexc(3y)11.24%
ROICexc(5y)14.1%
ROICexgc(3y)24.24%
ROICexgc(5y)30.41%
ROCE(3y)12.41%
ROCE(5y)17.14%
ROICexcg growth 3Y-11.18%
ROICexcg growth 5Y5.68%
ROICexc growth 3Y-14.82%
ROICexc growth 5Y2.49%
OM growth 3Y-0.25%
OM growth 5Y8.48%
PM growth 3Y28.91%
PM growth 5YN/A
GM growth 3Y0.98%
GM growth 5Y3.46%
F-Score6
Asset Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 5.33 | ||
| Debt/EBITDA | 2.37 | ||
| Cap/Depr | 34.49% | ||
| Cap/Sales | 1.01% | ||
| Interest Coverage | 4.65 | ||
| Cash Conversion | 53.27% | ||
| Profit Quality | 107.66% | ||
| Current Ratio | 3.55 | ||
| Quick Ratio | 2.57 | ||
| Altman-Z | 4.11 |
F-Score6
WACC10.35%
ROIC/WACC0.86
Cap/Depr(3y)35.32%
Cap/Depr(5y)31.71%
Cap/Sales(3y)1.12%
Cap/Sales(5y)1.04%
Profit Quality(3y)322.36%
Profit Quality(5y)273.24%
High Growth Momentum
Growth
EPS 1Y (TTM)-5.94%
EPS 3Y34.28%
EPS 5YN/A
EPS Q2Q%27.78%
EPS Next Y40.37%
EPS Next 2Y27.81%
EPS Next 3Y20.01%
EPS Next 5YN/A
Revenue 1Y (TTM)10.06%
Revenue growth 3Y9.92%
Revenue growth 5Y6.17%
Sales Q2Q%-5.62%
Revenue Next Year12.09%
Revenue Next 2Y10.01%
Revenue Next 3Y1.62%
Revenue Next 5YN/A
EBIT growth 1Y15.12%
EBIT growth 3Y9.65%
EBIT growth 5Y15.18%
EBIT Next Year77.33%
EBIT Next 3Y30.01%
EBIT Next 5YN/A
FCF growth 1Y-9.79%
FCF growth 3Y-11.18%
FCF growth 5Y43.24%
OCF growth 1Y-6.33%
OCF growth 3Y-7.45%
OCF growth 5Y33.8%