CURTISS-WRIGHT CORP (CW) Stock Fundamental Analysis
USA - NYSE:CW - US2315611010 - Common Stock
545.17 USD
-4.89 (-0.89%)
545.17 USD
0 (0%)
Taking everything into account, CW scores 7 out of 10 in our fundamental rating. CW was compared to 69 industry peers in the Aerospace & Defense industry. CW has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. CW is quite expensive at the moment. It does show a decent growth rate. This makes CW very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year CW was profitable.
CW had a positive operating cash flow in the past year.
In the past 5 years CW has always been profitable.
Each year in the past 5 years CW had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CW (8.69%) is better than 92.75% of its industry peers.
The Return On Equity of CW (16.65%) is better than 85.51% of its industry peers.
CW's Return On Invested Capital of 11.07% is amongst the best of the industry. CW outperforms 88.41% 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 8.33%.
The 3 year average ROIC (10.03%) for CW is below the current ROIC(11.07%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.69% | ||
| ROE | 16.65% | ||
| ROIC | 11.07% |
ROA(3y)7.47%
ROA(5y)6.76%
ROE(3y)15.54%
ROE(5y)14.45%
ROIC(3y)10.03%
ROIC(5y)9.53%
1.3 Margins
The Profit Margin of CW (13.66%) is better than 89.86% of its industry peers.
In the last couple of years the Profit Margin of CW has remained more or less at the same level.
With an excellent Operating Margin value of 18.12%, CW belongs to the best of the industry, outperforming 89.86% of the companies in the same industry.
CW's Operating Margin has improved in the last couple of years.
The Gross Margin of CW (37.34%) is better than 76.81% of its industry peers.
In the last couple of years the Gross Margin of CW has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.12% | ||
| PM (TTM) | 13.66% | ||
| GM | 37.34% |
OM growth 3Y3.26%
OM growth 5Y1.55%
PM growth 3Y7.28%
PM growth 5Y0.97%
GM growth 3Y-0.09%
GM growth 5Y0.48%
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.
Compared to 1 year ago, CW has less shares outstanding
CW has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CW has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 7.35 indicates that CW is not in any danger for bankruptcy at the moment.
CW has a Altman-Z score of 7.35. This is in the better half of the industry: CW outperforms 72.46% of its industry peers.
CW has a debt to FCF ratio of 1.90. This is a very positive value and a sign of high solvency as it would only need 1.90 years to pay back of all of its debts.
CW has a better Debt to FCF ratio (1.90) than 94.20% of its industry peers.
CW has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
CW's Debt to Equity ratio of 0.35 is fine compared to the rest of the industry. CW outperforms 62.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 1.9 | ||
| Altman-Z | 7.35 |
ROIC/WACC1.16
WACC9.54%
2.3 Liquidity
A Current Ratio of 1.95 indicates that CW should not have too much problems paying its short term obligations.
CW's Current ratio of 1.95 is in line compared to the rest of the industry. CW outperforms 43.48% of its industry peers.
CW has a Quick Ratio of 1.35. This is a normal value and indicates that CW is financially healthy and should not expect problems in meeting its short term obligations.
CW has a Quick ratio of 1.35. This is comparable to the rest of the industry: CW outperforms 44.93% of its industry peers.
CW does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.95 | ||
| Quick Ratio | 1.35 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.97% over the past year.
The Earnings Per Share has been growing by 8.38% on average over the past years. This is quite good.
CW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.89%.
Measured over the past years, CW shows a small growth in Revenue. The Revenue has been growing by 4.64% on average per year.
EPS 1Y (TTM)18.97%
EPS 3Y13.93%
EPS 5Y8.38%
EPS Q2Q%22.35%
Revenue 1Y (TTM)9.89%
Revenue growth 3Y7.67%
Revenue growth 5Y4.64%
Sales Q2Q%11.7%
3.2 Future
Based on estimates for the next years, CW will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.14% on average per year.
Based on estimates for the next years, CW will show a quite strong growth in Revenue. The Revenue will grow by 8.08% on average per year.
EPS Next Y22.49%
EPS Next 2Y15.56%
EPS Next 3Y13.64%
EPS Next 5Y13.14%
Revenue Next Year11.18%
Revenue Next 2Y8.94%
Revenue Next 3Y8.15%
Revenue Next 5Y8.08%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 44.36 indicates a quite expensive valuation of CW.
CW's Price/Earnings ratio is a bit cheaper when compared to the industry. CW is cheaper than 60.87% of the companies in the same industry.
CW's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.40.
With a Price/Forward Earnings ratio of 37.55, CW can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as CW.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, CW is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.36 | ||
| Fwd PE | 37.55 |
4.2 Price Multiples
CW's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, CW is valued a bit cheaper than the industry average as 73.91% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.81 | ||
| EV/EBITDA | 29.89 |
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.
A more expensive valuation may be justified as CW's earnings are expected to grow with 13.64% in the coming years.
PEG (NY)1.97
PEG (5Y)5.3
EPS Next 2Y15.56%
EPS Next 3Y13.64%
5. Dividend
5.1 Amount
With a yearly dividend of 0.17%, CW is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.16, CW pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, CW's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.17% |
5.2 History
The dividend of CW has a limited annual growth rate of 4.82%.
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)4.82%
Div Incr Years8
Div Non Decr Years33
5.3 Sustainability
7.07% of the earnings are spent on dividend by CW. This is a low number and sustainable payout ratio.
The dividend of CW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP7.07%
EPS Next 2Y15.56%
EPS Next 3Y13.64%
545.17
-4.89 (-0.89%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners86.4%
Inst Owner Change-0.14%
Ins Owners0.45%
Ins Owner Change-0.54%
Market Cap20.54B
Analysts82.5
Price Target499.82 (-8.32%)
Short Float %1%
Short Ratio1.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.17% |
Yearly Dividend0.83
Dividend Growth(5Y)4.82%
DP7.07%
Div Incr Years8
Div Non Decr Years33
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.56%
Min EPS beat(2)0.33%
Max EPS beat(2)14.8%
EPS beat(4)4
Avg EPS beat(4)6.21%
Min EPS beat(4)0.33%
Max EPS beat(4)14.8%
EPS beat(8)8
Avg EPS beat(8)7.01%
EPS beat(12)10
Avg EPS beat(12)5.5%
EPS beat(16)13
Avg EPS beat(16)4.76%
Revenue beat(2)1
Avg Revenue beat(2)0.88%
Min Revenue beat(2)-0.12%
Max Revenue beat(2)1.88%
Revenue beat(4)3
Avg Revenue beat(4)1.39%
Min Revenue beat(4)-0.12%
Max Revenue beat(4)2.45%
Revenue beat(8)7
Avg Revenue beat(8)2.37%
Revenue beat(12)9
Avg Revenue beat(12)1.5%
Revenue beat(16)9
Avg Revenue beat(16)0.34%
PT rev (1m)0%
PT rev (3m)14.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.32%
EPS NY rev (1m)0%
EPS NY rev (3m)1.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.36 | ||
| Fwd PE | 37.55 | ||
| P/S | 6.21 | ||
| P/FCF | 40.81 | ||
| P/OCF | 35.64 | ||
| P/B | 7.58 | ||
| P/tB | 46.32 | ||
| EV/EBITDA | 29.89 |
EPS(TTM)12.29
EY2.25%
EPS(NY)14.52
Fwd EY2.66%
FCF(TTM)13.36
FCFY2.45%
OCF(TTM)15.3
OCFY2.81%
SpS87.72
BVpS71.97
TBVpS11.77
PEG (NY)1.97
PEG (5Y)5.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.69% | ||
| ROE | 16.65% | ||
| ROCE | 14.37% | ||
| ROIC | 11.07% | ||
| ROICexc | 12.03% | ||
| ROICexgc | 29.43% | ||
| OM | 18.12% | ||
| PM (TTM) | 13.66% | ||
| GM | 37.34% | ||
| FCFM | 15.23% |
ROA(3y)7.47%
ROA(5y)6.76%
ROE(3y)15.54%
ROE(5y)14.45%
ROIC(3y)10.03%
ROIC(5y)9.53%
ROICexc(3y)11.07%
ROICexc(5y)10.36%
ROICexgc(3y)31.52%
ROICexgc(5y)29.76%
ROCE(3y)13.02%
ROCE(5y)12.36%
ROICexcg growth 3Y10.1%
ROICexcg growth 5Y1.55%
ROICexc growth 3Y7.83%
ROICexc growth 5Y0.32%
OM growth 3Y3.26%
OM growth 5Y1.55%
PM growth 3Y7.28%
PM growth 5Y0.97%
GM growth 3Y-0.09%
GM growth 5Y0.48%
F-Score7
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 1.9 | ||
| Debt/EBITDA | 1.34 | ||
| Cap/Depr | 63.13% | ||
| Cap/Sales | 2.21% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.68% | ||
| Profit Quality | 111.51% | ||
| Current Ratio | 1.95 | ||
| Quick Ratio | 1.35 | ||
| Altman-Z | 7.35 |
F-Score7
WACC9.54%
ROIC/WACC1.16
Cap/Depr(3y)43.06%
Cap/Depr(5y)41.22%
Cap/Sales(3y)1.67%
Cap/Sales(5y)1.73%
Profit Quality(3y)106.77%
Profit Quality(5y)111.65%
High Growth Momentum
Growth
EPS 1Y (TTM)18.97%
EPS 3Y13.93%
EPS 5Y8.38%
EPS Q2Q%22.35%
EPS Next Y22.49%
EPS Next 2Y15.56%
EPS Next 3Y13.64%
EPS Next 5Y13.14%
Revenue 1Y (TTM)9.89%
Revenue growth 3Y7.67%
Revenue growth 5Y4.64%
Sales Q2Q%11.7%
Revenue Next Year11.18%
Revenue Next 2Y8.94%
Revenue Next 3Y8.15%
Revenue Next 5Y8.08%
EBIT growth 1Y13.76%
EBIT growth 3Y11.18%
EBIT growth 5Y6.26%
EBIT Next Year41.22%
EBIT Next 3Y18.09%
EBIT Next 5Y15.31%
FCF growth 1Y37.53%
FCF growth 3Y11.72%
FCF growth 5Y6.57%
OCF growth 1Y41.48%
OCF growth 3Y11.97%
OCF growth 5Y5.25%