COLUMBUS MCKINNON CORP/NY (CMCO) Stock Fundamental Analysis
NASDAQ:CMCO - Nasdaq - US1993331057 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to CMCO. CMCO was compared to 128 industry peers in the Machinery industry. Both the profitability and financial health of CMCO have multiple concerns. CMCO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year CMCO was profitable.
In the past year CMCO had a positive cash flow from operations.
CMCO had positive earnings in 4 of the past 5 years.
In the past 5 years CMCO always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of -0.88%, CMCO is not doing good in the industry: 69.53% of the companies in the same industry are doing better.
The Return On Equity of CMCO (-1.72%) is worse than 68.75% of its industry peers.
CMCO has a worse Return On Invested Capital (1.94%) than 69.53% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CMCO is significantly below the industry average of 10.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.88% | ||
| ROE | -1.72% | ||
| ROIC | 1.94% |
ROA(3y)1.7%
ROA(5y)1.53%
ROE(3y)3.5%
ROE(5y)3.21%
ROIC(3y)4.53%
ROIC(5y)4.23%
1.3 Margins
CMCO has a Operating Margin of 4.06%. This is in the lower half of the industry: CMCO underperforms 64.84% of its industry peers.
In the last couple of years the Operating Margin of CMCO has declined.
Looking at the Gross Margin, with a value of 32.72%, CMCO is in line with its industry, outperforming 55.47% of the companies in the same industry.
In the last couple of years the Gross Margin of CMCO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.06% | ||
| PM (TTM) | N/A | ||
| GM | 32.72% |
OM growth 3Y-8.87%
OM growth 5Y-9.54%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.33%
GM growth 5Y-0.68%
2. Health
2.1 Basic Checks
CMCO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CMCO has been reduced compared to 1 year ago.
The number of shares outstanding for CMCO has been increased compared to 5 years ago.
CMCO has a better debt/assets ratio than last year.
2.2 Solvency
CMCO has an Altman-Z score of 1.34. This is a bad value and indicates that CMCO is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of CMCO (1.34) is worse than 77.34% of its industry peers.
The Debt to FCF ratio of CMCO is 25.97, which is on the high side as it means it would take CMCO, 25.97 years of fcf income to pay off all of its debts.
CMCO's Debt to FCF ratio of 25.97 is on the low side compared to the rest of the industry. CMCO is outperformed by 69.53% of its industry peers.
CMCO has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.46, CMCO perfoms like the industry average, outperforming 48.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 25.97 | ||
| Altman-Z | 1.34 |
ROIC/WACC0.22
WACC9.02%
2.3 Liquidity
A Current Ratio of 1.85 indicates that CMCO should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.85, CMCO is in line with its industry, outperforming 42.19% of the companies in the same industry.
CMCO has a Quick Ratio of 1.01. This is a normal value and indicates that CMCO is financially healthy and should not expect problems in meeting its short term obligations.
CMCO's Quick ratio of 1.01 is on the low side compared to the rest of the industry. CMCO is outperformed by 60.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
The earnings per share for CMCO have decreased strongly by -17.77% in the last year.
The Earnings Per Share has been decreasing by -2.19% on average over the past years.
CMCO shows a decrease in Revenue. In the last year, the revenue decreased by -5.75%.
The Revenue has been growing slightly by 3.54% on average over the past years.
EPS 1Y (TTM)-17.77%
EPS 3Y-4.19%
EPS 5Y-2.19%
EPS Q2Q%-19.35%
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y2.03%
Revenue growth 5Y3.54%
Sales Q2Q%-1.59%
3.2 Future
CMCO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.77% yearly.
Based on estimates for the next years, CMCO will show a quite strong growth in Revenue. The Revenue will grow by 19.70% on average per year.
EPS Next Y2%
EPS Next 2Y10.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.67%
Revenue Next 2Y19.7%
Revenue Next 3YN/A
Revenue Next 5YN/A
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 5.89 indicates a rather cheap valuation of CMCO.
96.88% of the companies in the same industry are more expensive than CMCO, based on the Price/Earnings ratio.
CMCO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.48.
With a Price/Forward Earnings ratio of 4.57, the valuation of CMCO can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CMCO indicates a rather cheap valuation: CMCO is cheaper than 99.22% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.04. CMCO is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.89 | ||
| Fwd PE | 4.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CMCO is valued a bit cheaper than the industry average as 79.69% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as CMCO.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.87 | ||
| EV/EBITDA | 9.75 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CMCO does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.94
PEG (5Y)N/A
EPS Next 2Y10.77%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.00%, CMCO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.91, CMCO pays a better dividend. On top of this CMCO pays more dividend than 84.38% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, CMCO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
5.2 History
The dividend of CMCO has a limited annual growth rate of 3.01%.
CMCO has paid a dividend for at least 10 years, which is a reliable track record.
CMCO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.01%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
CMCO has negative earnings and hence a negative payout ratio. The dividend may be in danger.
CMCO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-51.25%
EPS Next 2Y10.77%
EPS Next 3YN/A
13.9
-0.33 (-2.32%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners100.28%
Inst Owner Change-3.31%
Ins Owners2.06%
Ins Owner Change13.51%
Market Cap398.79M
Analysts82
Price Target28.56 (105.47%)
Short Float %2.16%
Short Ratio1.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
Yearly Dividend0.28
Dividend Growth(5Y)3.01%
DP-51.25%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.07%
Min EPS beat(2)1.29%
Max EPS beat(2)4.85%
EPS beat(4)2
Avg EPS beat(4)-5.01%
Min EPS beat(4)-24.79%
Max EPS beat(4)4.85%
EPS beat(8)4
Avg EPS beat(8)-2.44%
EPS beat(12)6
Avg EPS beat(12)-0.14%
EPS beat(16)8
Avg EPS beat(16)0.98%
Revenue beat(2)1
Avg Revenue beat(2)-1.51%
Min Revenue beat(2)-3.2%
Max Revenue beat(2)0.18%
Revenue beat(4)1
Avg Revenue beat(4)-4.08%
Min Revenue beat(4)-8.79%
Max Revenue beat(4)0.18%
Revenue beat(8)1
Avg Revenue beat(8)-2.84%
Revenue beat(12)1
Avg Revenue beat(12)-2.55%
Revenue beat(16)2
Avg Revenue beat(16)-2.36%
PT rev (1m)0%
PT rev (3m)-7.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.93%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.89 | ||
| Fwd PE | 4.57 | ||
| P/S | 0.42 | ||
| P/FCF | 21.87 | ||
| P/OCF | 10.43 | ||
| P/B | 0.44 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.75 |
EPS(TTM)2.36
EY16.98%
EPS(NY)3.04
Fwd EY21.89%
FCF(TTM)0.64
FCFY4.57%
OCF(TTM)1.33
OCFY9.58%
SpS33.43
BVpS31.75
TBVpS-6.36
PEG (NY)2.94
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.88% | ||
| ROE | -1.72% | ||
| ROCE | 2.56% | ||
| ROIC | 1.94% | ||
| ROICexc | 1.98% | ||
| ROICexgc | 7.41% | ||
| OM | 4.06% | ||
| PM (TTM) | N/A | ||
| GM | 32.72% | ||
| FCFM | 1.9% |
ROA(3y)1.7%
ROA(5y)1.53%
ROE(3y)3.5%
ROE(5y)3.21%
ROIC(3y)4.53%
ROIC(5y)4.23%
ROICexc(3y)4.88%
ROICexc(5y)4.69%
ROICexgc(3y)20%
ROICexgc(5y)19.27%
ROCE(3y)5.98%
ROCE(5y)5.59%
ROICexcg growth 3Y-14.36%
ROICexcg growth 5Y-10.55%
ROICexc growth 3Y-9.39%
ROICexc growth 5Y-16.09%
OM growth 3Y-8.87%
OM growth 5Y-9.54%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.33%
GM growth 5Y-0.68%
F-Score4
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 25.97 | ||
| Debt/EBITDA | 4.83 | ||
| Cap/Depr | 41.11% | ||
| Cap/Sales | 2.08% | ||
| Interest Coverage | 1.28 | ||
| Cash Conversion | 43.66% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.01 | ||
| Altman-Z | 1.34 |
F-Score4
WACC9.02%
ROIC/WACC0.22
Cap/Depr(3y)42.84%
Cap/Depr(5y)40.68%
Cap/Sales(3y)2.01%
Cap/Sales(5y)1.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-17.77%
EPS 3Y-4.19%
EPS 5Y-2.19%
EPS Q2Q%-19.35%
EPS Next Y2%
EPS Next 2Y10.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.75%
Revenue growth 3Y2.03%
Revenue growth 5Y3.54%
Sales Q2Q%-1.59%
Revenue Next Year7.67%
Revenue Next 2Y19.7%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-63.59%
EBIT growth 3Y-7.01%
EBIT growth 5Y-6.33%
EBIT Next Year44.34%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-70.92%
FCF growth 3Y-12.24%
FCF growth 5Y-24.31%
OCF growth 1Y-50.75%
OCF growth 3Y-2.29%
OCF growth 5Y-15.65%