COLUMBUS MCKINNON CORP/NY (CMCO)
US1993331057 - Common Stock
We assign a fundamental rating of 5 out of 10 to CMCO. CMCO was compared to 132 industry peers in the Machinery industry. CMCO has a medium profitability rating, but doesn't score so well on its financial health evaluation. CMCO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
CMCO had positive earnings in the past year.
In the past year CMCO had a positive cash flow from operations.
Each year in the past 5 years CMCO has been profitable.
Each year in the past 5 years CMCO had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.62%, CMCO perfoms like the industry average, outperforming 43.41% of the companies in the same industry.
CMCO has a Return On Equity (5.55%) which is comparable to the rest of the industry.
CMCO's Return On Invested Capital of 4.89% is on the low side compared to the rest of the industry. CMCO is outperformed by 61.24% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CMCO is significantly below the industry average of 10.72%.
The last Return On Invested Capital (4.89%) for CMCO is above the 3 year average (3.96%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.62% | ||
| ROE | 5.55% | ||
| ROIC | 4.89% |
ROA(3y)1.8%
ROA(5y)2.98%
ROE(3y)3.79%
ROE(5y)6.82%
ROIC(3y)3.96%
ROIC(5y)5.33%
1.3 Margins
CMCO has a Profit Margin (4.86%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CMCO has grown nicely.
Looking at the Operating Margin, with a value of 10.90%, CMCO is in line with its industry, outperforming 58.14% of the companies in the same industry.
CMCO's Operating Margin has improved in the last couple of years.
CMCO's Gross Margin of 37.10% is fine compared to the rest of the industry. CMCO outperforms 73.64% of its industry peers.
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 | 10.9% | ||
| PM (TTM) | 4.86% | ||
| GM | 37.1% |
OM growth 3Y-2.07%
OM growth 5Y2.61%
PM growth 3Y-11.18%
PM growth 5Y14.45%
GM growth 3Y1.45%
GM growth 5Y1.47%
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 increased compared to 1 year ago.
CMCO has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CMCO has an improved debt to assets ratio.
2.2 Solvency
CMCO has an Altman-Z score of 1.91. This is not the best score and indicates that CMCO is in the grey zone with still only limited risk for bankruptcy at the moment.
CMCO has a worse Altman-Z score (1.91) than 67.44% of its industry peers.
The Debt to FCF ratio of CMCO is 7.25, which is on the high side as it means it would take CMCO, 7.25 years of fcf income to pay off all of its debts.
CMCO has a Debt to FCF ratio (7.25) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.57 indicates that CMCO is somewhat dependend on debt financing.
CMCO has a Debt to Equity ratio of 0.57. This is comparable to the rest of the industry: CMCO outperforms 42.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 7.25 | ||
| Altman-Z | 1.91 |
ROIC/WACC0.57
WACC8.63%
2.3 Liquidity
CMCO has a Current Ratio of 1.92. This is a normal value and indicates that CMCO is financially healthy and should not expect problems in meeting its short term obligations.
CMCO has a Current ratio (1.92) which is in line with its industry peers.
CMCO has a Quick Ratio of 1.16. 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 1.16 is in line compared to the rest of the industry. CMCO outperforms 47.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.16 |
3. Growth
3.1 Past
CMCO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.34%.
The Earnings Per Share has been growing slightly by 7.90% on average over the past years.
Looking at the last year, CMCO shows a small growth in Revenue. The Revenue has grown by 7.06% in the last year.
The Revenue has been growing slightly by 2.21% on average over the past years.
EPS 1Y (TTM)-0.34%
EPS 3Y2.01%
EPS 5Y7.9%
EPS growth Q2Q2.78%
Revenue 1Y (TTM)7.06%
Revenue growth 3Y4.98%
Revenue growth 5Y2.21%
Revenue growth Q2Q10.31%
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 9.87% yearly.
CMCO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.68% yearly.
EPS Next Y2.34%
EPS Next 2Y8.49%
EPS Next 3Y9.87%
EPS Next 5YN/A
Revenue Next Year8.97%
Revenue Next 2Y6.53%
Revenue Next 3Y5.68%
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.
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
With a Price/Earnings ratio of 14.40, CMCO is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of CMCO indicates a somewhat cheap valuation: CMCO is cheaper than 78.29% of the companies listed in the same industry.
CMCO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
Based on the Price/Forward Earnings ratio of 12.15, the valuation of CMCO can be described as correct.
Based on the Price/Forward Earnings ratio, CMCO is valued cheaper than 85.27% of the companies in the same industry.
CMCO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.72.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 12.15 |
4.2 Price Multiples
67.44% of the companies in the same industry are more expensive than CMCO, based on the Enterprise Value to EBITDA ratio.
77.52% of the companies in the same industry are more expensive than CMCO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.94 | ||
| EV/EBITDA | 10.64 |
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.
The decent profitability rating of CMCO may justify a higher PE ratio.
PEG (NY)6.16
PEG (5Y)1.82
EPS Next 2Y8.49%
EPS Next 3Y9.87%
5. Dividend
5.1 Amount
With a yearly dividend of 0.68%, CMCO is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.73, CMCO has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, CMCO's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
5.2 History
The dividend of CMCO is nicely growing with an annual growth rate of 11.54%!
CMCO has been paying a dividend for at least 10 years, so it has a reliable track record.
CMCO has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)11.54%
Div Incr Years2
Div Non Decr Years9
5.3 Sustainability
16.47% of the earnings are spent on dividend by CMCO. This is a low number and sustainable payout ratio.
CMCO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP16.47%
EPS Next 2Y8.49%
EPS Next 3Y9.87%
COLUMBUS MCKINNON CORP/NY
NASDAQ:CMCO (5/2/2024, 7:00:00 PM)
After market: 42.05 0 (0%)42.05
+0.7 (+1.69%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.21B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 12.15 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)6.16
PEG (5Y)1.82
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.62% | ||
| ROE | 5.55% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.9% | ||
| PM (TTM) | 4.86% | ||
| GM | 37.1% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.16 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-0.34%
EPS 3Y2.01%
EPS 5Y
EPS growth Q2Q
EPS Next Y2.34%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.06%
Revenue growth 3Y4.98%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y