OSHKOSH CORP (OSK) Stock Fundamental Analysis
NYSE:OSK - New York Stock Exchange, Inc. - US6882392011 - Common Stock - Currency: USD
Overall OSK gets a fundamental rating of 5 out of 10. We evaluated OSK against 128 industry peers in the Machinery industry. Both the profitability and the financial health of OSK get a neutral evaluation. Nothing too spectacular is happening here. OSK is valued correctly, but it does not seem to be growing. Finally OSK also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
OSK had positive earnings in the past year.
OSK had a positive operating cash flow in the past year.
OSK had positive earnings in each of the past 5 years.
In the past 5 years OSK always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 6.29%, OSK is doing good in the industry, outperforming 66.41% of the companies in the same industry.
OSK has a Return On Equity of 14.50%. This is in the better half of the industry: OSK outperforms 71.88% of its industry peers.
With a decent Return On Invested Capital value of 11.24%, OSK is doing good in the industry, outperforming 75.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for OSK is in line with the industry average of 10.31%.
The last Return On Invested Capital (11.24%) for OSK is above the 3 year average (10.13%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.29% | ||
| ROE | 14.5% | ||
| ROIC | 11.24% |
ROA(3y)5.34%
ROA(5y)5.69%
ROE(3y)12.67%
ROE(5y)12.79%
ROIC(3y)10.13%
ROIC(5y)9.66%
1.3 Margins
With a Profit Margin value of 5.85%, OSK perfoms like the industry average, outperforming 55.47% of the companies in the same industry.
In the last couple of years the Profit Margin of OSK has declined.
Looking at the Operating Margin, with a value of 9.82%, OSK is in line with its industry, outperforming 53.13% of the companies in the same industry.
OSK's Operating Margin has improved in the last couple of years.
The Gross Margin of OSK (18.09%) is worse than 75.00% of its industry peers.
OSK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.82% | ||
| PM (TTM) | 5.85% | ||
| GM | 18.09% |
OM growth 3Y14.12%
OM growth 5Y2.03%
PM growth 3Y1.3%
PM growth 5Y-1.68%
GM growth 3Y5.04%
GM growth 5Y0.28%
2. Health
2.1 Basic Checks
OSK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, OSK has less shares outstanding
The number of shares outstanding for OSK has been reduced compared to 5 years ago.
OSK has a worse debt/assets ratio than last year.
2.2 Solvency
OSK has an Altman-Z score of 3.04. This indicates that OSK is financially healthy and has little risk of bankruptcy at the moment.
OSK's Altman-Z score of 3.04 is in line compared to the rest of the industry. OSK outperforms 47.66% of its industry peers.
The Debt to FCF ratio of OSK is 5.10, which is a neutral value as it means it would take OSK, 5.10 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of OSK (5.10) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.26 indicates that OSK is not too dependend on debt financing.
The Debt to Equity ratio of OSK (0.26) is better than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 5.1 | ||
| Altman-Z | 3.04 |
ROIC/WACC1.03
WACC10.95%
2.3 Liquidity
A Current Ratio of 1.77 indicates that OSK should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.77, OSK is doing worse than 63.28% of the companies in the same industry.
A Quick Ratio of 0.86 indicates that OSK may have some problems paying its short term obligations.
With a Quick ratio value of 0.86, OSK is not doing good in the industry: 71.88% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
OSK shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.67%.
Measured over the past 5 years, OSK shows a small growth in Earnings Per Share. The EPS has been growing by 7.13% on average per year.
Looking at the last year, OSK shows a small growth in Revenue. The Revenue has grown by 5.69% in the last year.
OSK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.06% yearly.
EPS 1Y (TTM)-3.67%
EPS 3Y46.29%
EPS 5Y7.13%
EPS Q2Q%-33.56%
Revenue 1Y (TTM)5.69%
Revenue growth 3Y11.52%
Revenue growth 5Y5.06%
Sales Q2Q%-9.08%
3.2 Future
The Earnings Per Share is expected to decrease by -4.30% on average over the next years.
Based on estimates for the next years, OSK will show a small growth in Revenue. The Revenue will grow by 2.63% on average per year.
EPS Next Y-11.81%
EPS Next 2Y0.63%
EPS Next 3Y4.19%
EPS Next 5Y-4.3%
Revenue Next Year-2.08%
Revenue Next 2Y1.37%
Revenue Next 3Y2.55%
Revenue Next 5Y2.63%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
OSK is valuated reasonably with a Price/Earnings ratio of 9.14.
Based on the Price/Earnings ratio, OSK is valued cheaper than 93.75% of the companies in the same industry.
OSK is valuated cheaply when we compare the Price/Earnings ratio to 26.03, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 8.28 indicates a reasonable valuation of OSK.
Based on the Price/Forward Earnings ratio, OSK is valued cheaper than 92.19% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.94, OSK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.14 | ||
| Fwd PE | 8.28 |
4.2 Price Multiples
90.63% of the companies in the same industry are more expensive than OSK, based on the Enterprise Value to EBITDA ratio.
OSK's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.96 | ||
| EV/EBITDA | 6.37 |
4.3 Compensation for Growth
OSK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.28
EPS Next 2Y0.63%
EPS Next 3Y4.19%
5. Dividend
5.1 Amount
OSK has a Yearly Dividend Yield of 2.04%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.83, OSK pays a better dividend. On top of this OSK pays more dividend than 85.16% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, OSK has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.04% |
5.2 History
On average, the dividend of OSK grows each year by 11.40%, which is quite nice.
OSK has been paying a dividend for at least 10 years, so it has a reliable track record.
OSK has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.4%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
OSK pays out 19.99% of its income as dividend. This is a sustainable payout ratio.
DP19.99%
EPS Next 2Y0.63%
EPS Next 3Y4.19%
98.48
-3.95 (-3.86%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners93.3%
Inst Owner Change1.87%
Ins Owners0.53%
Ins Owner Change4.34%
Market Cap6.36B
Analysts74
Price Target108.54 (10.22%)
Short Float %3.54%
Short Ratio2.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.04% |
Yearly Dividend1.85
Dividend Growth(5Y)11.4%
DP19.99%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.34%
Min EPS beat(2)-7.25%
Max EPS beat(2)17.93%
EPS beat(4)2
Avg EPS beat(4)5.24%
Min EPS beat(4)-7.25%
Max EPS beat(4)17.93%
EPS beat(8)6
Avg EPS beat(8)20.33%
EPS beat(12)7
Avg EPS beat(12)11.27%
EPS beat(16)9
Avg EPS beat(16)6.63%
Revenue beat(2)1
Avg Revenue beat(2)1.11%
Min Revenue beat(2)-5.17%
Max Revenue beat(2)7.38%
Revenue beat(4)3
Avg Revenue beat(4)1.54%
Min Revenue beat(4)-5.17%
Max Revenue beat(4)7.38%
Revenue beat(8)6
Avg Revenue beat(8)1.78%
Revenue beat(12)7
Avg Revenue beat(12)0.73%
Revenue beat(16)10
Avg Revenue beat(16)1.56%
PT rev (1m)-15.49%
PT rev (3m)-8.56%
EPS NQ rev (1m)-3.63%
EPS NQ rev (3m)-2.88%
EPS NY rev (1m)-4.4%
EPS NY rev (3m)-5.12%
Revenue NQ rev (1m)-1.03%
Revenue NQ rev (3m)-0.84%
Revenue NY rev (1m)-1.62%
Revenue NY rev (3m)-1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.14 | ||
| Fwd PE | 8.28 | ||
| P/S | 0.61 | ||
| P/FCF | 21.96 | ||
| P/OCF | 12.46 | ||
| P/B | 1.5 | ||
| P/tB | 3.11 | ||
| EV/EBITDA | 6.37 |
EPS(TTM)10.77
EY10.94%
EPS(NY)11.89
Fwd EY12.07%
FCF(TTM)4.48
FCFY4.55%
OCF(TTM)7.91
OCFY8.03%
SpS162.45
BVpS65.52
TBVpS31.65
PEG (NY)N/A
PEG (5Y)1.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.29% | ||
| ROE | 14.5% | ||
| ROCE | 14.69% | ||
| ROIC | 11.24% | ||
| ROICexc | 11.58% | ||
| ROICexgc | 17.08% | ||
| OM | 9.82% | ||
| PM (TTM) | 5.85% | ||
| GM | 18.09% | ||
| FCFM | 2.76% |
ROA(3y)5.34%
ROA(5y)5.69%
ROE(3y)12.67%
ROE(5y)12.79%
ROIC(3y)10.13%
ROIC(5y)9.66%
ROICexc(3y)10.69%
ROICexc(5y)11.01%
ROICexgc(3y)16.66%
ROICexgc(5y)18%
ROCE(3y)13.25%
ROCE(5y)12.64%
ROICexcg growth 3Y-2.02%
ROICexcg growth 5Y-7.37%
ROICexc growth 3Y3.63%
ROICexc growth 5Y-5.16%
OM growth 3Y14.12%
OM growth 5Y2.03%
PM growth 3Y1.3%
PM growth 5Y-1.68%
GM growth 3Y5.04%
GM growth 5Y0.28%
F-Score5
Asset Turnover1.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 5.1 | ||
| Debt/EBITDA | 0.89 | ||
| Cap/Depr | 106.81% | ||
| Cap/Sales | 2.11% | ||
| Interest Coverage | 8.81 | ||
| Cash Conversion | 41.29% | ||
| Profit Quality | 47.18% | ||
| Current Ratio | 1.77 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 3.04 |
F-Score5
WACC10.95%
ROIC/WACC1.03
Cap/Depr(3y)201.27%
Cap/Depr(5y)167.83%
Cap/Sales(3y)3.12%
Cap/Sales(5y)2.55%
Profit Quality(3y)90.1%
Profit Quality(5y)113.04%
High Growth Momentum
Growth
EPS 1Y (TTM)-3.67%
EPS 3Y46.29%
EPS 5Y7.13%
EPS Q2Q%-33.56%
EPS Next Y-11.81%
EPS Next 2Y0.63%
EPS Next 3Y4.19%
EPS Next 5Y-4.3%
Revenue 1Y (TTM)5.69%
Revenue growth 3Y11.52%
Revenue growth 5Y5.06%
Sales Q2Q%-9.08%
Revenue Next Year-2.08%
Revenue Next 2Y1.37%
Revenue Next 3Y2.55%
Revenue Next 5Y2.63%
EBIT growth 1Y-0.06%
EBIT growth 3Y27.26%
EBIT growth 5Y7.2%
EBIT Next Year12.32%
EBIT Next 3Y10.29%
EBIT Next 5Y-1.38%
FCF growth 1Y2475.41%
FCF growth 3Y-37.59%
FCF growth 5Y-7.35%
OCF growth 1Y45.09%
OCF growth 3Y-23.35%
OCF growth 5Y-0.65%