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 127 industry peers in the Machinery industry. CMCO may be in some trouble as it scores bad on both profitability and health. CMCO may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year CMCO was profitable.
CMCO had a positive operating cash flow in the past year.
Of the past 5 years CMCO 4 years were profitable.
In the past 5 years CMCO always reported a positive cash flow from operatings.
1.2 Ratios
CMCO's Return On Assets of -0.30% is on the low side compared to the rest of the industry. CMCO is outperformed by 67.97% of its industry peers.
Looking at the Return On Equity, with a value of -0.58%, CMCO is doing worse than 67.19% of the companies in the same industry.
With a Return On Invested Capital value of 2.79%, CMCO is not doing good in the industry: 66.41% of the companies in the same industry are doing better.
CMCO had an Average Return On Invested Capital over the past 3 years of 4.53%. This is significantly below the industry average of 10.78%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.3% | ||
| ROE | -0.58% | ||
| ROIC | 2.79% |
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
Looking at the Operating Margin, with a value of 5.67%, CMCO is doing worse than 60.16% of the companies in the same industry.
CMCO's Operating Margin has declined in the last couple of years.
The Gross Margin of CMCO (33.82%) is comparable to the rest of the 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 | 5.67% | ||
| PM (TTM) | N/A | ||
| GM | 33.82% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CMCO is destroying value.
The number of shares outstanding for CMCO has been reduced 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 1.43. This is a bad value and indicates that CMCO is not financially healthy and even has some risk of bankruptcy.
CMCO's Altman-Z score of 1.43 is on the low side compared to the rest of the industry. CMCO is outperformed by 76.56% of its industry peers.
CMCO has a debt to FCF ratio of 19.46. This is a negative value and a sign of low solvency as CMCO would need 19.46 years to pay back of all of its debts.
CMCO's Debt to FCF ratio of 19.46 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 0.48. This is a healthy value indicating a solid balance between debt and equity.
CMCO has a Debt to Equity ratio of 0.48. This is comparable to the rest of the industry: CMCO outperforms 48.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 19.46 | ||
| Altman-Z | 1.43 |
ROIC/WACC0.3
WACC9.36%
2.3 Liquidity
A Current Ratio of 1.81 indicates that CMCO should not have too much problems paying its short term obligations.
CMCO has a Current ratio of 1.81. This is in the lower half of the industry: CMCO underperforms 60.94% of its industry peers.
A Quick Ratio of 1.04 indicates that CMCO should not have too much problems paying its short term obligations.
The Quick ratio of CMCO (1.04) is worse than 61.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
The earnings per share for CMCO have decreased strongly by -13.59% in the last year.
Measured over the past years, CMCO shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.19% on average per year.
Looking at the last year, CMCO shows a decrease in Revenue. The Revenue has decreased by -4.98% in the last year.
CMCO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.54% yearly.
EPS 1Y (TTM)-13.59%
EPS 3Y-4.19%
EPS 5Y-2.19%
EPS Q2Q%-20%
Revenue 1Y (TTM)-4.98%
Revenue growth 3Y2.03%
Revenue growth 5Y3.54%
Sales Q2Q%-7.01%
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.
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
CMCO is valuated cheaply with a Price/Earnings ratio of 6.55.
Based on the Price/Earnings ratio, CMCO is valued cheaper than 96.88% of the companies in the same industry.
CMCO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
CMCO is valuated cheaply with a Price/Forward Earnings ratio of 6.42.
98.44% of the companies in the same industry are more expensive than CMCO, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.19, CMCO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.55 | ||
| Fwd PE | 6.42 |
4.2 Price Multiples
82.03% of the companies in the same industry are more expensive than CMCO, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, CMCO is valued a bit cheaper than the industry average as 66.41% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.25 | ||
| EV/EBITDA | 8.59 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.27
PEG (5Y)N/A
EPS Next 2Y10.77%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CMCO has a Yearly Dividend Yield of 1.68%.
CMCO's Dividend Yield is rather good when compared to the industry average which is at 1.82. CMCO pays more dividend than 80.47% of the companies in the same industry.
CMCO's Dividend Yield is slightly below the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
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
The earnings of CMCO are negative and hence is the payout ratio. CMCO will probably not be able to sustain this dividend level.
The dividend of CMCO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-156.52%
EPS Next 2Y10.77%
EPS Next 3YN/A
16.24
-0.4 (-2.4%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners100.28%
Inst Owner Change-0.01%
Ins Owners2.06%
Ins Owner Change11.51%
Market Cap465.93M
Analysts82
Price Target28.56 (75.86%)
Short Float %2.18%
Short Ratio1.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
Yearly Dividend0.28
Dividend Growth(5Y)3.01%
DP-156.52%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-11.75%
Min EPS beat(2)-24.79%
Max EPS beat(2)1.29%
EPS beat(4)1
Avg EPS beat(4)-6.24%
Min EPS beat(4)-24.79%
Max EPS beat(4)1.29%
EPS beat(8)3
Avg EPS beat(8)-3.34%
EPS beat(12)6
Avg EPS beat(12)0.59%
EPS beat(16)8
Avg EPS beat(16)4.32%
Revenue beat(2)0
Avg Revenue beat(2)-6%
Min Revenue beat(2)-8.79%
Max Revenue beat(2)-3.2%
Revenue beat(4)0
Avg Revenue beat(4)-4.77%
Min Revenue beat(4)-8.79%
Max Revenue beat(4)-2.58%
Revenue beat(8)0
Avg Revenue beat(8)-3.18%
Revenue beat(12)0
Avg Revenue beat(12)-2.98%
Revenue beat(16)1
Avg Revenue beat(16)-2.54%
PT rev (1m)2.44%
PT rev (3m)-16.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.93%
EPS NY rev (1m)-8.32%
EPS NY rev (3m)-9.79%
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 | 6.55 | ||
| Fwd PE | 6.42 | ||
| P/S | 0.48 | ||
| P/FCF | 19.25 | ||
| P/OCF | 10.21 | ||
| P/B | 0.53 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.59 |
EPS(TTM)2.48
EY15.27%
EPS(NY)2.53
Fwd EY15.58%
FCF(TTM)0.84
FCFY5.19%
OCF(TTM)1.59
OCFY9.79%
SpS33.57
BVpS30.75
TBVpS-6.46
PEG (NY)3.27
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.3% | ||
| ROE | -0.58% | ||
| ROCE | 3.69% | ||
| ROIC | 2.79% | ||
| ROICexc | 2.9% | ||
| ROICexgc | 11.49% | ||
| OM | 5.67% | ||
| PM (TTM) | N/A | ||
| GM | 33.82% | ||
| FCFM | 2.51% |
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 Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 19.46 | ||
| Debt/EBITDA | 4.09 | ||
| Cap/Depr | 44.43% | ||
| Cap/Sales | 2.22% | ||
| Interest Coverage | 1.82 | ||
| Cash Conversion | 44.39% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 1.43 |
F-Score4
WACC9.36%
ROIC/WACC0.3
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)-13.59%
EPS 3Y-4.19%
EPS 5Y-2.19%
EPS Q2Q%-20%
EPS Next Y2%
EPS Next 2Y10.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.98%
Revenue growth 3Y2.03%
Revenue growth 5Y3.54%
Sales Q2Q%-7.01%
Revenue Next Year7.67%
Revenue Next 2Y19.7%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-49.07%
EBIT growth 3Y-7.01%
EBIT growth 5Y-6.33%
EBIT Next Year100.48%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-42.9%
FCF growth 3Y-12.24%
FCF growth 5Y-24.31%
OCF growth 1Y-32.12%
OCF growth 3Y-2.29%
OCF growth 5Y-15.65%