WOODWARD INC (WWD) Stock Fundamental Analysis
USA - NASDAQ:WWD - US9807451037 - Common Stock
238.17 USD
-1.81 (-0.75%)
238.17 USD
0 (0%)
Taking everything into account, WWD scores 6 out of 10 in our fundamental rating. WWD was compared to 68 industry peers in the Aerospace & Defense industry. Both the health and profitability get an excellent rating, making WWD a very profitable company, without any liquidiy or solvency issues. WWD has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year WWD was profitable.
WWD had a positive operating cash flow in the past year.
WWD had positive earnings in each of the past 5 years.
Each year in the past 5 years WWD had a positive operating cash flow.
1.2 Ratios
WWD's Return On Assets of 8.23% is amongst the best of the industry. WWD outperforms 89.71% of its industry peers.
WWD has a better Return On Equity (15.71%) than 83.82% of its industry peers.
With a decent Return On Invested Capital value of 8.75%, WWD is doing good in the industry, outperforming 77.94% of the companies in the same industry.
WWD had an Average Return On Invested Capital over the past 3 years of 7.87%. This is in line with the industry average of 8.21%.
The last Return On Invested Capital (8.75%) for WWD is above the 3 year average (7.87%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.23% | ||
| ROE | 15.71% | ||
| ROIC | 8.75% |
ROA(3y)6.28%
ROA(5y)6.02%
ROE(3y)12.46%
ROE(5y)11.77%
ROIC(3y)7.87%
ROIC(5y)7.33%
1.3 Margins
The Profit Margin of WWD (11.32%) is better than 85.29% of its industry peers.
WWD's Profit Margin has improved in the last couple of years.
WWD has a Operating Margin of 12.44%. This is in the better half of the industry: WWD outperforms 79.41% of its industry peers.
WWD's Operating Margin has improved in the last couple of years.
WWD has a Gross Margin (25.88%) which is comparable to the rest of the industry.
WWD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.44% | ||
| PM (TTM) | 11.32% | ||
| GM | 25.88% |
OM growth 3Y5.7%
OM growth 5Y4.68%
PM growth 3Y6.5%
PM growth 5Y4.62%
GM growth 3Y2.42%
GM growth 5Y1.57%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WWD is destroying value.
The number of shares outstanding for WWD has been reduced compared to 1 year ago.
WWD has less shares outstanding than it did 5 years ago.
The debt/assets ratio for WWD is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 6.15 indicates that WWD is not in any danger for bankruptcy at the moment.
The Altman-Z score of WWD (6.15) is better than 70.59% of its industry peers.
WWD has a debt to FCF ratio of 3.37. This is a good value and a sign of high solvency as WWD would need 3.37 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 3.37, WWD belongs to the best of the industry, outperforming 83.82% of the companies in the same industry.
A Debt/Equity ratio of 0.35 indicates that WWD is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.35, WWD is in the better half of the industry, outperforming 61.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.37 | ||
| Altman-Z | 6.15 |
ROIC/WACC0.92
WACC9.54%
2.3 Liquidity
A Current Ratio of 2.04 indicates that WWD has no problem at all paying its short term obligations.
WWD has a Current ratio (2.04) which is comparable to the rest of the industry.
WWD has a Quick Ratio of 1.39. This is a normal value and indicates that WWD is financially healthy and should not expect problems in meeting its short term obligations.
WWD has a Quick ratio (1.39) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
WWD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.99%.
Measured over the past 5 years, WWD shows a small growth in Earnings Per Share. The EPS has been growing by 4.60% on average per year.
WWD shows a small growth in Revenue. In the last year, the Revenue has grown by 5.53%.
Measured over the past years, WWD shows a small growth in Revenue. The Revenue has been growing by 2.77% on average per year.
EPS 1Y (TTM)2.99%
EPS 3Y23.55%
EPS 5Y4.6%
EPS Q2Q%7.98%
Revenue 1Y (TTM)5.53%
Revenue growth 3Y13.97%
Revenue growth 5Y2.77%
Sales Q2Q%7.99%
3.2 Future
The Earnings Per Share is expected to grow by 11.14% on average over the next years. This is quite good.
Based on estimates for the next years, WWD will show a small growth in Revenue. The Revenue will grow by 2.18% on average per year.
EPS Next Y10.09%
EPS Next 2Y13.68%
EPS Next 3Y14.52%
EPS Next 5Y11.14%
Revenue Next Year6.55%
Revenue Next 2Y7.88%
Revenue Next 3Y7.72%
Revenue Next 5Y2.18%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 38.35, the valuation of WWD can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of WWD indicates a somewhat cheap valuation: WWD is cheaper than 64.71% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. WWD is valued slightly more expensive when compared to this.
WWD is valuated quite expensively with a Price/Forward Earnings ratio of 30.16.
63.24% of the companies in the same industry are more expensive than WWD, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.73, WWD is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.35 | ||
| Fwd PE | 30.16 |
4.2 Price Multiples
WWD's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, WWD is valued a bit cheaper than the industry average as 63.24% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.54 | ||
| EV/EBITDA | 26.66 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
WWD has an outstanding profitability rating, which may justify a higher PE ratio.
WWD's earnings are expected to grow with 14.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.8
PEG (5Y)8.34
EPS Next 2Y13.68%
EPS Next 3Y14.52%
5. Dividend
5.1 Amount
WWD has a yearly dividend return of 0.45%, which is pretty low.
Compared to an average industry Dividend Yield of 1.51, WWD pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.45, WWD pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
5.2 History
The dividend of WWD is nicely growing with an annual growth rate of 9.14%!
WWD has paid a dividend for at least 10 years, which is a reliable track record.
WWD has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.14%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
WWD pays out 16.25% of its income as dividend. This is a sustainable payout ratio.
WWD's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP16.25%
EPS Next 2Y13.68%
EPS Next 3Y14.52%
238.17
-1.81 (-0.75%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners90.51%
Inst Owner Change-0.85%
Ins Owners0.16%
Ins Owner Change-3.21%
Market Cap14.28B
Analysts73.75
Price Target290.3 (21.89%)
Short Float %1.67%
Short Ratio1.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
Yearly Dividend0.98
Dividend Growth(5Y)9.14%
DP16.25%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.53%
Min EPS beat(2)6.42%
Max EPS beat(2)14.65%
EPS beat(4)4
Avg EPS beat(4)11.21%
Min EPS beat(4)6.42%
Max EPS beat(4)14.65%
EPS beat(8)8
Avg EPS beat(8)12.9%
EPS beat(12)11
Avg EPS beat(12)13.72%
EPS beat(16)11
Avg EPS beat(16)4.92%
Revenue beat(2)2
Avg Revenue beat(2)3.3%
Min Revenue beat(2)1.82%
Max Revenue beat(2)4.78%
Revenue beat(4)3
Avg Revenue beat(4)2.41%
Min Revenue beat(4)-1.28%
Max Revenue beat(4)4.78%
Revenue beat(8)6
Avg Revenue beat(8)1.89%
Revenue beat(12)10
Avg Revenue beat(12)3.38%
Revenue beat(16)10
Avg Revenue beat(16)1.2%
PT rev (1m)0%
PT rev (3m)36.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.52%
EPS NY rev (1m)4.93%
EPS NY rev (3m)5.19%
Revenue NQ rev (1m)0.26%
Revenue NQ rev (3m)1.36%
Revenue NY rev (1m)0.77%
Revenue NY rev (3m)1.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.35 | ||
| Fwd PE | 30.16 | ||
| P/S | 4.17 | ||
| P/FCF | 51.54 | ||
| P/OCF | 37.61 | ||
| P/B | 5.79 | ||
| P/tB | 11.71 | ||
| EV/EBITDA | 26.66 |
EPS(TTM)6.21
EY2.61%
EPS(NY)7.9
Fwd EY3.32%
FCF(TTM)4.62
FCFY1.94%
OCF(TTM)6.33
OCFY2.66%
SpS57.13
BVpS41.16
TBVpS20.34
PEG (NY)3.8
PEG (5Y)8.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.23% | ||
| ROE | 15.71% | ||
| ROCE | 11.52% | ||
| ROIC | 8.75% | ||
| ROICexc | 9.9% | ||
| ROICexgc | 15.21% | ||
| OM | 12.44% | ||
| PM (TTM) | 11.32% | ||
| GM | 25.88% | ||
| FCFM | 8.09% |
ROA(3y)6.28%
ROA(5y)6.02%
ROE(3y)12.46%
ROE(5y)11.77%
ROIC(3y)7.87%
ROIC(5y)7.33%
ROICexc(3y)8.33%
ROICexc(5y)7.83%
ROICexgc(3y)13.36%
ROICexgc(5y)12.89%
ROCE(3y)9.77%
ROCE(5y)9%
ROICexcg growth 3Y16.18%
ROICexcg growth 5Y3.29%
ROICexc growth 3Y19.24%
ROICexc growth 5Y6.07%
OM growth 3Y5.7%
OM growth 5Y4.68%
PM growth 3Y6.5%
PM growth 5Y4.62%
GM growth 3Y2.42%
GM growth 5Y1.57%
F-Score5
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.37 | ||
| Debt/EBITDA | 1.59 | ||
| Cap/Depr | 90.48% | ||
| Cap/Sales | 3% | ||
| Interest Coverage | 11.47 | ||
| Cash Conversion | 70.36% | ||
| Profit Quality | 71.46% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.39 | ||
| Altman-Z | 6.15 |
F-Score5
WACC9.54%
ROIC/WACC0.92
Cap/Depr(3y)63.55%
Cap/Depr(5y)51.13%
Cap/Sales(3y)2.58%
Cap/Sales(5y)2.26%
Profit Quality(3y)91.23%
Profit Quality(5y)120.84%
High Growth Momentum
Growth
EPS 1Y (TTM)2.99%
EPS 3Y23.55%
EPS 5Y4.6%
EPS Q2Q%7.98%
EPS Next Y10.09%
EPS Next 2Y13.68%
EPS Next 3Y14.52%
EPS Next 5Y11.14%
Revenue 1Y (TTM)5.53%
Revenue growth 3Y13.97%
Revenue growth 5Y2.77%
Sales Q2Q%7.99%
Revenue Next Year6.55%
Revenue Next 2Y7.88%
Revenue Next 3Y7.72%
Revenue Next 5Y2.18%
EBIT growth 1Y-4.47%
EBIT growth 3Y20.46%
EBIT growth 5Y7.58%
EBIT Next Year33.35%
EBIT Next 3Y20.88%
EBIT Next 5Y15.4%
FCF growth 1Y45.58%
FCF growth 3Y-7.06%
FCF growth 5Y3.3%
OCF growth 1Y44.25%
OCF growth 3Y-1.87%
OCF growth 5Y2.37%