CURTISS-WRIGHT CORP (CW)
US2315611010 - Common Stock
We assign a fundamental rating of 7 out of 10 to CW. CW was compared to 63 industry peers in the Aerospace & Defense industry. CW gets an excellent profitability rating and is at the same time showing great financial health properties. CW has a correct valuation and a medium growth rate. This makes CW very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year CW was profitable.
In the past year CW had a positive cash flow from operations.
CW had positive earnings in each of the past 5 years.
Each year in the past 5 years CW had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.67%, CW belongs to the top of the industry, outperforming 84.13% of the companies in the same industry.
With an excellent Return On Equity value of 15.23%, CW belongs to the best of the industry, outperforming 82.54% of the companies in the same industry.
CW has a Return On Invested Capital of 9.67%. This is amongst the best in the industry. CW outperforms 84.13% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CW is in line with the industry average of 8.72%.
The 3 year average ROIC (9.34%) for CW is below the current ROIC(9.67%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.67% | ||
| ROE | 15.23% | ||
| ROIC | 9.67% |
ROA(3y)6.9%
ROA(5y)6.77%
ROE(3y)14.82%
ROE(5y)14.61%
ROIC(3y)9.34%
ROIC(5y)9.3%
1.3 Margins
CW's Profit Margin of 12.46% is amongst the best of the industry. CW outperforms 85.71% of its industry peers.
In the last couple of years the Profit Margin of CW has grown nicely.
CW has a better Operating Margin (17.03%) than 90.48% of its industry peers.
In the last couple of years the Operating Margin of CW has grown nicely.
CW has a better Gross Margin (37.51%) than 82.54% of its industry peers.
CW's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.03% | ||
| PM (TTM) | 12.46% | ||
| GM | 37.51% |
OM growth 3Y4.83%
OM growth 5Y1.56%
PM growth 3Y13.94%
PM growth 5Y1.74%
GM growth 3Y2.16%
GM growth 5Y0.75%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CW is still creating some value.
The number of shares outstanding for CW remains at a similar level compared to 1 year ago.
The number of shares outstanding for CW has been reduced compared to 5 years ago.
Compared to 1 year ago, CW has an improved debt to assets ratio.
2.2 Solvency
CW has an Altman-Z score of 4.83. This indicates that CW is financially healthy and has little risk of bankruptcy at the moment.
CW has a better Altman-Z score (4.83) than 73.02% of its industry peers.
CW has a debt to FCF ratio of 2.60. This is a good value and a sign of high solvency as CW would need 2.60 years to pay back of all of its debts.
CW has a better Debt to FCF ratio (2.60) than 90.48% of its industry peers.
CW has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.45, CW is in line with its industry, outperforming 50.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 2.6 | ||
| Altman-Z | 4.83 |
ROIC/WACC1.08
WACC8.96%
2.3 Liquidity
A Current Ratio of 2.13 indicates that CW has no problem at all paying its short term obligations.
CW has a Current ratio (2.13) which is in line with its industry peers.
A Quick Ratio of 1.50 indicates that CW should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.50, CW is doing good in the industry, outperforming 63.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.13 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
CW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.38%, which is quite good.
The Earnings Per Share has been growing by 8.08% on average over the past years. This is quite good.
The Revenue has grown by 11.28% in the past year. This is quite good.
The Revenue has been growing slightly by 3.36% on average over the past years.
EPS 1Y (TTM)15.38%
EPS 3Y10.83%
EPS 5Y8.08%
EPS growth Q2Q8.22%
Revenue 1Y (TTM)11.28%
Revenue growth 3Y5.97%
Revenue growth 5Y3.36%
Revenue growth Q2Q3.71%
3.2 Future
The Earnings Per Share is expected to grow by 6.24% on average over the next years.
Based on estimates for the next years, CW will show a small growth in Revenue. The Revenue will grow by 4.34% on average per year.
EPS Next Y12.32%
EPS Next 2Y10.38%
EPS Next 3Y10.49%
EPS Next 5Y6.24%
Revenue Next Year7.08%
Revenue Next 2Y6.12%
Revenue Next 3Y5.78%
Revenue Next 5Y4.34%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 28.03, CW can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of CW indicates a somewhat cheap valuation: CW is cheaper than 69.84% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.06, CW is valued at the same level.
A Price/Forward Earnings ratio of 24.96 indicates a rather expensive valuation of CW.
Based on the Price/Forward Earnings ratio, CW is valued a bit cheaper than the industry average as 74.60% of the companies are valued more expensively.
CW is valuated rather expensively when we compare the Price/Forward Earnings ratio to 20.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.03 | ||
| Fwd PE | 24.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CW is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
CW's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CW is cheaper than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.95 | ||
| EV/EBITDA | 17.45 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CW does not grow enough to justify the current Price/Earnings ratio.
CW has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.28
PEG (5Y)3.47
EPS Next 2Y10.38%
EPS Next 3Y10.49%
5. Dividend
5.1 Amount
With a yearly dividend of 0.32%, CW is not a good candidate for dividend investing.
CW's Dividend Yield is a higher than the industry average which is at 1.31.
Compared to an average S&P500 Dividend Yield of 2.41, CW's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.32% |
5.2 History
The dividend of CW has a limited annual growth rate of 5.50%.
CW has been paying a dividend for at least 10 years, so it has a reliable track record.
CW has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.5%
Div Incr Years7
Div Non Decr Years16
5.3 Sustainability
CW pays out 8.53% of its income as dividend. This is a sustainable payout ratio.
CW's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP8.53%
EPS Next 2Y10.38%
EPS Next 3Y10.49%
CURTISS-WRIGHT CORP
NYSE:CW (5/2/2024, 6:46:51 PM)
After market: 262.93 0 (0%)262.93
+5.95 (+2.32%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap10.06B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.32% |
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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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 | 28.03 | ||
| Fwd PE | 24.96 | ||
| 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)2.28
PEG (5Y)3.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.67% | ||
| ROE | 15.23% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 17.03% | ||
| PM (TTM) | 12.46% | ||
| GM | 37.51% | ||
| 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 Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.13 | ||
| Quick Ratio | 1.5 | ||
| 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)15.38%
EPS 3Y10.83%
EPS 5Y
EPS growth Q2Q
EPS Next Y12.32%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)11.28%
Revenue growth 3Y5.97%
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