CURTISS-WRIGHT CORP (CW) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CW - US2315611010 - Common Stock
564.29 USD
+1.33 (+0.24%)
562 USD
-2.29 (-0.41%)
CW gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 71 industry peers in the Aerospace & Defense industry. Both the health and profitability get an excellent rating, making CW a very profitable company, without any liquidiy or solvency issues. CW is not valued too expensively and it also shows a decent growth rate. These ratings could make CW a good candidate 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.
CW had positive earnings in each of the past 5 years.
In the past 5 years CW always reported a positive cash flow from operatings.
1.2 Ratios
CW has a Return On Assets of 9.12%. This is amongst the best in the industry. CW outperforms 92.96% of its industry peers.
With an excellent Return On Equity value of 18.39%, CW belongs to the best of the industry, outperforming 85.92% of the companies in the same industry.
CW has a better Return On Invested Capital (11.90%) than 88.73% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CW is in line with the industry average of 8.53%.
The last Return On Invested Capital (11.90%) for CW is above the 3 year average (10.03%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.12% | ||
| ROE | 18.39% | ||
| ROIC | 11.9% |
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
CW has a better Profit Margin (13.78%) than 88.73% of its industry peers.
In the last couple of years the Profit Margin of CW has remained more or less at the same level.
CW has a Operating Margin of 18.30%. This is amongst the best in the industry. CW outperforms 88.73% of its industry peers.
CW's Operating Margin has improved in the last couple of years.
CW has a Gross Margin of 37.43%. This is in the better half of the industry: CW outperforms 77.46% 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 | 18.3% | ||
| PM (TTM) | 13.78% | ||
| GM | 37.43% |
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
The number of shares outstanding for CW has been reduced compared to 5 years ago.
CW has a better debt/assets ratio than last year.
2.2 Solvency
CW has an Altman-Z score of 7.24. This indicates that CW is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of CW (7.24) is better than 76.06% of its industry peers.
CW has a debt to FCF ratio of 1.87. This is a very positive value and a sign of high solvency as it would only need 1.87 years to pay back of all of its debts.
CW has a Debt to FCF ratio of 1.87. This is amongst the best in the industry. CW outperforms 92.96% of its industry peers.
A Debt/Equity ratio of 0.38 indicates that CW is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.38, CW is in line with its industry, outperforming 57.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.87 | ||
| Altman-Z | 7.24 |
ROIC/WACC1.18
WACC10.08%
2.3 Liquidity
CW has a Current Ratio of 1.75. 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 Current ratio (1.75) which is comparable to the rest of the industry.
CW has a Quick Ratio of 1.17. 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 1.17. This is in the lower half of the industry: CW underperforms 60.56% 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 | 1.75 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
CW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.22%, which is quite good.
Measured over the past years, CW shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.38% on average per year.
CW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.51%.
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)18.22%
EPS 3Y13.93%
EPS 5Y8.38%
EPS Q2Q%14.48%
Revenue 1Y (TTM)9.51%
Revenue growth 3Y7.67%
Revenue growth 5Y4.64%
Sales Q2Q%8.79%
3.2 Future
CW is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.56% yearly.
Based on estimates for the next years, CW will show a quite strong growth in Revenue. The Revenue will grow by 8.85% on average per year.
EPS Next Y23.14%
EPS Next 2Y16.38%
EPS Next 3Y14.15%
EPS Next 5Y14.56%
Revenue Next Year11.25%
Revenue Next 2Y8.99%
Revenue Next 3Y8.24%
Revenue Next 5Y8.85%
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
The Price/Earnings ratio is 44.36, which means the current valuation is very expensive for CW.
Based on the Price/Earnings ratio, CW is valued a bit cheaper than 60.56% 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 26.31.
The Price/Forward Earnings ratio is 38.33, which means the current valuation is very expensive for CW.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CW indicates a somewhat cheap valuation: CW is cheaper than 60.56% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.59. CW is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.36 | ||
| Fwd PE | 38.33 |
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 70.42% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.27 | ||
| EV/EBITDA | 29.14 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of CW may justify a higher PE ratio.
CW's earnings are expected to grow with 14.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.92
PEG (5Y)5.3
EPS Next 2Y16.38%
EPS Next 3Y14.15%
5. Dividend
5.1 Amount
With a yearly dividend of 0.17%, CW is not a good candidate for dividend investing.
CW's Dividend Yield is a higher than the industry average which is at 1.14.
With a Dividend Yield of 0.17, CW pays less dividend than the S&P500 average, which is at 2.34.
| 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 paid a dividend for at least 10 years, which is a reliable track record.
CW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.82%
Div Incr Years8
Div Non Decr Years33
5.3 Sustainability
CW pays out 7.08% of its income as dividend. This is a sustainable payout ratio.
The dividend of CW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP7.08%
EPS Next 2Y16.38%
EPS Next 3Y14.15%
564.29
+1.33 (+0.24%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners86.4%
Inst Owner Change-2.87%
Ins Owners0.45%
Ins Owner Change-2.01%
Market Cap20.81B
Revenue(TTM)3.38B
Net Income(TTM)465.08M
Analysts82.5
Price Target594.56 (5.36%)
Short Float %1%
Short Ratio1.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.17% |
Yearly Dividend0.83
Dividend Growth(5Y)4.82%
DP7.08%
Div Incr Years8
Div Non Decr Years33
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.33%
Min EPS beat(2)0.33%
Max EPS beat(2)0.33%
EPS beat(4)4
Avg EPS beat(4)4.56%
Min EPS beat(4)0.33%
Max EPS beat(4)14.8%
EPS beat(8)8
Avg EPS beat(8)6.59%
EPS beat(12)11
Avg EPS beat(12)5.58%
EPS beat(16)13
Avg EPS beat(16)4.77%
Revenue beat(2)0
Avg Revenue beat(2)-1.55%
Min Revenue beat(2)-2.99%
Max Revenue beat(2)-0.12%
Revenue beat(4)2
Avg Revenue beat(4)0.03%
Min Revenue beat(4)-2.99%
Max Revenue beat(4)1.88%
Revenue beat(8)6
Avg Revenue beat(8)1.63%
Revenue beat(12)9
Avg Revenue beat(12)1.81%
Revenue beat(16)9
Avg Revenue beat(16)0.23%
PT rev (1m)18.96%
PT rev (3m)21.94%
EPS NQ rev (1m)0.98%
EPS NQ rev (3m)1.86%
EPS NY rev (1m)0.14%
EPS NY rev (3m)1.7%
Revenue NQ rev (1m)-0.54%
Revenue NQ rev (3m)-0.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.36 | ||
| Fwd PE | 38.33 | ||
| P/S | 6.16 | ||
| P/FCF | 40.27 | ||
| P/OCF | 35.15 | ||
| P/B | 8.23 | ||
| P/tB | 72.62 | ||
| EV/EBITDA | 29.14 |
EPS(TTM)12.72
EY2.25%
EPS(NY)14.72
Fwd EY2.61%
FCF(TTM)14.01
FCFY2.48%
OCF(TTM)16.06
OCFY2.85%
SpS91.56
BVpS68.61
TBVpS7.77
PEG (NY)1.92
PEG (5Y)5.3
Graham Number140.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.12% | ||
| ROE | 18.39% | ||
| ROCE | 15.44% | ||
| ROIC | 11.9% | ||
| ROICexc | 12.61% | ||
| ROICexgc | 31.06% | ||
| OM | 18.3% | ||
| PM (TTM) | 13.78% | ||
| GM | 37.43% | ||
| FCFM | 15.3% |
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%
ROICexgc growth 3Y10.1%
ROICexgc 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-Score8
Asset Turnover0.66
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.87 | ||
| Debt/EBITDA | 1.31 | ||
| Cap/Depr | 62.7% | ||
| Cap/Sales | 2.23% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.23% | ||
| Profit Quality | 111.08% | ||
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 7.24 |
F-Score8
WACC10.08%
ROIC/WACC1.18
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)18.22%
EPS 3Y13.93%
EPS 5Y8.38%
EPS Q2Q%14.48%
EPS Next Y23.14%
EPS Next 2Y16.38%
EPS Next 3Y14.15%
EPS Next 5Y14.56%
Revenue 1Y (TTM)9.51%
Revenue growth 3Y7.67%
Revenue growth 5Y4.64%
Sales Q2Q%8.79%
Revenue Next Year11.25%
Revenue Next 2Y8.99%
Revenue Next 3Y8.24%
Revenue Next 5Y8.85%
EBIT growth 1Y13.95%
EBIT growth 3Y11.18%
EBIT growth 5Y6.26%
EBIT Next Year41.22%
EBIT Next 3Y18.09%
EBIT Next 5Y17.17%
FCF growth 1Y24%
FCF growth 3Y11.72%
FCF growth 5Y6.57%
OCF growth 1Y29.22%
OCF growth 3Y11.97%
OCF growth 5Y5.25%
CURTISS-WRIGHT CORP / CW FAQ
What is the ChartMill fundamental rating of CURTISS-WRIGHT CORP (CW) stock?
ChartMill assigns a fundamental rating of 7 / 10 to CW.
Can you provide the valuation status for CURTISS-WRIGHT CORP?
ChartMill assigns a valuation rating of 4 / 10 to CURTISS-WRIGHT CORP (CW). This can be considered as Fairly Valued.
Can you provide the profitability details for CURTISS-WRIGHT CORP?
CURTISS-WRIGHT CORP (CW) has a profitability rating of 8 / 10.
How financially healthy is CURTISS-WRIGHT CORP?
The financial health rating of CURTISS-WRIGHT CORP (CW) is 8 / 10.
Is the dividend of CURTISS-WRIGHT CORP sustainable?
The dividend rating of CURTISS-WRIGHT CORP (CW) is 6 / 10 and the dividend payout ratio is 7.08%.