Logo image of WIRE

ENCORE WIRE CORP (WIRE) Stock Fundamental Analysis

USA - NASDAQ:WIRE - US2925621052 - Common Stock

289.84 USD
0.01 (0%)
Last: 7/1/2024, 8:09:14 PM
289.81 USD
-0.03 (-0.01%)
After Hours: 7/1/2024, 8:09:14 PM
Fundamental Rating

7

Overall WIRE gets a fundamental rating of 7 out of 10. We evaluated WIRE against 92 industry peers in the Electrical Equipment industry. WIRE has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. WIRE has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

9

1. Profitability

1.1 Basic Checks

In the past year WIRE was profitable.
WIRE had a positive operating cash flow in the past year.
Each year in the past 5 years WIRE has been profitable.
In the past 5 years WIRE always reported a positive cash flow from operatings.
WIRE Yearly Net Income VS EBIT VS OCF VS FCFWIRE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M 800M

1.2 Ratios

WIRE has a better Return On Assets (15.49%) than 96.51% of its industry peers.
WIRE's Return On Equity of 17.44% is amongst the best of the industry. WIRE outperforms 88.37% of its industry peers.
With an excellent Return On Invested Capital value of 15.67%, WIRE belongs to the best of the industry, outperforming 95.35% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for WIRE is significantly above the industry average of 9.86%.
The 3 year average ROIC (32.07%) for WIRE is well above the current ROIC(15.67%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 15.49%
ROE 17.44%
ROIC 15.67%
ROA(3y)29.95%
ROA(5y)20.86%
ROE(3y)33.74%
ROE(5y)23.55%
ROIC(3y)32.07%
ROIC(5y)22.33%
WIRE Yearly ROA, ROE, ROICWIRE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30 40

1.3 Margins

WIRE's Profit Margin of 12.45% is amongst the best of the industry. WIRE outperforms 89.53% of its industry peers.
WIRE's Profit Margin has improved in the last couple of years.
WIRE has a better Operating Margin (14.96%) than 87.21% of its industry peers.
WIRE's Operating Margin has improved in the last couple of years.
WIRE has a Gross Margin (23.10%) which is in line with its industry peers.
WIRE's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 14.96%
PM (TTM) 12.45%
GM 23.1%
OM growth 3Y32.04%
OM growth 5Y17.89%
PM growth 3Y34.51%
PM growth 5Y19.04%
GM growth 3Y18.81%
GM growth 5Y11.65%
WIRE Yearly Profit, Operating, Gross MarginsWIRE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

More info and screens

10

2. Health

2.1 Basic Checks

WIRE has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, WIRE has less shares outstanding
The number of shares outstanding for WIRE has been reduced compared to 5 years ago.
WIRE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
WIRE Yearly Shares OutstandingWIRE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M
WIRE Yearly Total Debt VS Total AssetsWIRE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

An Altman-Z score of 16.28 indicates that WIRE is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 16.28, WIRE belongs to the best of the industry, outperforming 96.51% of the companies in the same industry.
WIRE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 16.28
ROIC/WACC1.53
WACC10.27%
WIRE Yearly LT Debt VS Equity VS FCFWIRE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B

2.3 Liquidity

WIRE has a Current Ratio of 7.49. This indicates that WIRE is financially healthy and has no problem in meeting its short term obligations.
WIRE has a better Current ratio (7.49) than 93.02% of its industry peers.
WIRE has a Quick Ratio of 6.46. This indicates that WIRE is financially healthy and has no problem in meeting its short term obligations.
WIRE has a better Quick ratio (6.46) than 93.02% of its industry peers.
Industry RankSector Rank
Current Ratio 7.49
Quick Ratio 6.46
WIRE Yearly Current Assets VS Current LiabilitesWIRE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B

More info and screens

4

3. Growth

3.1 Past

The earnings per share for WIRE have decreased strongly by -46.84% in the last year.
The Earnings Per Share has been growing by 41.86% on average over the past years. This is a very strong growth
Looking at the last year, WIRE shows a very negative growth in Revenue. The Revenue has decreased by -14.05% in the last year.
WIRE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.78% yearly.
EPS 1Y (TTM)-46.84%
EPS 3Y79.91%
EPS 5Y41.86%
EPS Q2Q%-39.69%
Revenue 1Y (TTM)-14.05%
Revenue growth 3Y26.22%
Revenue growth 5Y14.78%
Sales Q2Q%-4.21%

3.2 Future

The Earnings Per Share is expected to decrease by -1.42% on average over the next years.
WIRE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.06% yearly.
EPS Next Y-9.98%
EPS Next 2Y-1.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.38%
Revenue Next 2Y4.78%
Revenue Next 3Y8.74%
Revenue Next 5Y9.06%

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.
WIRE Yearly Revenue VS EstimatesWIRE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
WIRE Yearly EPS VS EstimatesWIRE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

More info and screens

6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 15.38 indicates a correct valuation of WIRE.
82.56% of the companies in the same industry are more expensive than WIRE, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of WIRE to the average of the S&P500 Index (27.27), we can say WIRE is valued slightly cheaper.
The Price/Forward Earnings ratio is 13.92, which indicates a correct valuation of WIRE.
Based on the Price/Forward Earnings ratio, WIRE is valued cheaper than 86.05% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.77, WIRE is valued a bit cheaper.
Industry RankSector Rank
PE 15.38
Fwd PE 13.92
WIRE Price Earnings VS Forward Price EarningsWIRE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

WIRE's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. WIRE is cheaper than 89.53% of the companies in the same industry.
WIRE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. WIRE is cheaper than 81.40% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.5
EV/EBITDA 9.6
WIRE Per share dataWIRE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

The excellent profitability rating of WIRE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.37
EPS Next 2Y-1.42%
EPS Next 3YN/A

More info and screens

4

5. Dividend

5.1 Amount

With a yearly dividend of 0.03%, WIRE is not a good candidate for dividend investing.
WIRE's Dividend Yield is a higher than the industry average which is at 3.03.
With a Dividend Yield of 0.03, WIRE pays less dividend than the S&P500 average, which is at 2.38.
Industry RankSector Rank
Dividend Yield 0.03%

5.2 History

The dividend of WIRE has a limited annual growth rate of 0.02%.
WIRE has paid a dividend for at least 10 years, which is a reliable track record.
WIRE has decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.02%
Div Incr Years0
Div Non Decr Years2
WIRE Yearly Dividends per shareWIRE Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.02 0.04 0.06 0.08

5.3 Sustainability

WIRE pays out 0.41% of its income as dividend. This is a sustainable payout ratio.
DP0.41%
EPS Next 2Y-1.42%
EPS Next 3YN/A
WIRE Yearly Income VS Free CF VS DividendWIRE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M
WIRE Dividend Payout.WIRE Dividend Payout, showing the Payout Ratio.WIRE Dividend Payout.PayoutRetained Earnings

More info and screens

ENCORE WIRE CORP

NASDAQ:WIRE (7/1/2024, 8:09:14 PM)

After market: 289.81 -0.03 (-0.01%)

289.84

0.01 (0%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)04-23 2024-04-23/amc
Earnings (Next)07-23 2024-07-23/amc
Inst Owners5.62%
Inst Owner Change-100%
Ins Owners1.42%
Ins Owner Change0%
Market Cap4.58B
Analysts84.44
Price Target295.8 (2.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.03%
Yearly Dividend0.08
Dividend Growth(5Y)0.02%
DP0.41%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.84%
Min EPS beat(2)-0.01%
Max EPS beat(2)3.68%
EPS beat(4)2
Avg EPS beat(4)-1.01%
Min EPS beat(4)-9.13%
Max EPS beat(4)3.68%
EPS beat(8)6
Avg EPS beat(8)24.21%
EPS beat(12)10
Avg EPS beat(12)98.92%
EPS beat(16)13
Avg EPS beat(16)87.27%
Revenue beat(2)2
Avg Revenue beat(2)4.23%
Min Revenue beat(2)3.3%
Max Revenue beat(2)5.16%
Revenue beat(4)2
Avg Revenue beat(4)-2.15%
Min Revenue beat(4)-15.52%
Max Revenue beat(4)5.16%
Revenue beat(8)5
Avg Revenue beat(8)1.84%
Revenue beat(12)9
Avg Revenue beat(12)11.59%
Revenue beat(16)11
Avg Revenue beat(16)9.41%
PT rev (1m)-0.57%
PT rev (3m)0.93%
EPS NQ rev (1m)-5.99%
EPS NQ rev (3m)17.94%
EPS NY rev (1m)0%
EPS NY rev (3m)12.77%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.75%
Valuation
Industry RankSector Rank
PE 15.38
Fwd PE 13.92
P/S 1.8
P/FCF 18.5
P/OCF 11.04
P/B 2.52
P/tB 2.52
EV/EBITDA 9.6
EPS(TTM)18.85
EY6.5%
EPS(NY)20.83
Fwd EY7.19%
FCF(TTM)15.67
FCFY5.41%
OCF(TTM)26.25
OCFY9.06%
SpS160.86
BVpS114.82
TBVpS114.82
PEG (NY)N/A
PEG (5Y)0.37
Profitability
Industry RankSector Rank
ROA 15.49%
ROE 17.44%
ROCE 20.28%
ROIC 15.67%
ROICexc 23.31%
ROICexgc 23.31%
OM 14.96%
PM (TTM) 12.45%
GM 23.1%
FCFM 9.74%
ROA(3y)29.95%
ROA(5y)20.86%
ROE(3y)33.74%
ROE(5y)23.55%
ROIC(3y)32.07%
ROIC(5y)22.33%
ROICexc(3y)49.11%
ROICexc(5y)33.56%
ROICexgc(3y)49.11%
ROICexgc(5y)33.56%
ROCE(3y)41.53%
ROCE(5y)28.92%
ROICexcg growth 3Y36.81%
ROICexcg growth 5Y15.54%
ROICexc growth 3Y36.81%
ROICexc growth 5Y15.54%
OM growth 3Y32.04%
OM growth 5Y17.89%
PM growth 3Y34.51%
PM growth 5Y19.04%
GM growth 3Y18.81%
GM growth 5Y11.65%
F-Score5
Asset Turnover1.24
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 507.95%
Cap/Sales 6.58%
Interest Coverage 250
Cash Conversion 100.39%
Profit Quality 78.25%
Current Ratio 7.49
Quick Ratio 6.46
Altman-Z 16.28
F-Score5
WACC10.27%
ROIC/WACC1.53
Cap/Depr(3y)529.19%
Cap/Depr(5y)465.14%
Cap/Sales(3y)5.3%
Cap/Sales(5y)5.35%
Profit Quality(3y)69.59%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-46.84%
EPS 3Y79.91%
EPS 5Y41.86%
EPS Q2Q%-39.69%
EPS Next Y-9.98%
EPS Next 2Y-1.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-14.05%
Revenue growth 3Y26.22%
Revenue growth 5Y14.78%
Sales Q2Q%-4.21%
Revenue Next Year5.38%
Revenue Next 2Y4.78%
Revenue Next 3Y8.74%
Revenue Next 5Y9.06%
EBIT growth 1Y-55.5%
EBIT growth 3Y66.66%
EBIT growth 5Y35.31%
EBIT Next Year-10.23%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-40.1%
FCF growth 3YN/A
FCF growth 5Y39.31%
OCF growth 1Y-22.81%
OCF growth 3Y99.3%
OCF growth 5Y41.03%