WOODWARD INC (WWD) Stock Fundamental Analysis
NASDAQ:WWD - US9807451037 - Common Stock
248.04 USD
+0.2 (+0.08%)
248.04 USD
0 (0%)
Overall WWD gets a fundamental rating of 6 out of 10. We evaluated WWD against 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year WWD was profitable.
WWD had a positive operating cash flow in the past year.
Each year in the past 5 years WWD has been profitable.
WWD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
WWD has a Return On Assets of 8.23%. This is amongst the best in the industry. WWD outperforms 91.18% of its industry peers.
With an excellent Return On Equity value of 15.71%, WWD belongs to the best of the industry, outperforming 85.29% of the companies in the same industry.
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.
Measured over the past 3 years, the Average Return On Invested Capital for WWD is in line with the industry average of 8.61%.
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
With an excellent Profit Margin value of 11.32%, WWD belongs to the best of the industry, outperforming 85.29% of the companies in the same industry.
In the last couple of years the Profit Margin of WWD has grown nicely.
The Operating Margin of WWD (12.44%) is better than 82.35% of its industry peers.
In the last couple of years the Operating Margin of WWD has grown nicely.
WWD has a Gross Margin (25.88%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of WWD has grown nicely.
| 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.
WWD has less shares outstanding than it did 1 year ago.
WWD has less shares outstanding than it did 5 years ago.
WWD has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 6.31 indicates that WWD is not in any danger for bankruptcy at the moment.
WWD's Altman-Z score of 6.31 is fine compared to the rest of the industry. WWD outperforms 69.12% of its industry peers.
The Debt to FCF ratio of WWD is 3.37, which is a good value as it means it would take WWD, 3.37 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of WWD (3.37) is better than 85.29% of its industry peers.
A Debt/Equity ratio of 0.35 indicates that WWD is not too dependend on debt financing.
WWD has a better Debt to Equity ratio (0.35) than 63.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.37 | ||
| Altman-Z | 6.31 |
ROIC/WACC0.89
WACC9.84%
2.3 Liquidity
WWD has a Current Ratio of 2.04. This indicates that WWD is financially healthy and has no problem in meeting its short term obligations.
WWD has a Current ratio (2.04) which is comparable to the rest of the industry.
A Quick Ratio of 1.39 indicates that WWD should not have too much problems paying its short term obligations.
WWD has a Quick ratio of 1.39. This is comparable to the rest of the industry: WWD outperforms 48.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.99% over the past year.
The Earnings Per Share has been growing slightly by 4.60% on average over the past years.
The Revenue has been growing slightly by 5.53% in the past year.
The Revenue has been growing slightly by 2.77% on average over the past years.
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.
The Revenue is expected to grow by 2.18% on average over the next years.
EPS Next Y10.09%
EPS Next 2Y13.68%
EPS Next 3Y14.52%
EPS Next 5Y11.14%
Revenue Next Year6.49%
Revenue Next 2Y7.91%
Revenue Next 3Y7.78%
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.
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
The Price/Earnings ratio is 39.94, which means the current valuation is very expensive for WWD.
WWD's Price/Earnings ratio is a bit cheaper when compared to the industry. WWD is cheaper than 60.29% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.24, WWD is valued a bit more expensive.
The Price/Forward Earnings ratio is 31.41, which means the current valuation is very expensive for WWD.
Based on the Price/Forward Earnings ratio, WWD is valued a bit cheaper than 64.71% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.81, WWD is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.94 | ||
| Fwd PE | 31.41 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WWD is on the same level as its industry peers.
WWD's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. WWD is cheaper than 66.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 53.68 | ||
| EV/EBITDA | 27.76 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates WWD does not grow enough to justify the current Price/Earnings ratio.
WWD has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as WWD's earnings are expected to grow with 14.52% in the coming years.
PEG (NY)3.96
PEG (5Y)8.69
EPS Next 2Y13.68%
EPS Next 3Y14.52%
5. Dividend
5.1 Amount
With a yearly dividend of 0.43%, WWD is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.18, WWD pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.43, WWD pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
5.2 History
On average, the dividend of WWD grows each year by 9.14%, which is quite nice.
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.
The dividend of WWD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP16.25%
EPS Next 2Y13.68%
EPS Next 3Y14.52%
248.04
+0.2 (+0.08%)
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-4.25%
Market Cap14.87B
Analysts73.75
Price Target290.3 (17.04%)
Short Float %1.27%
Short Ratio1.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
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)6.85%
PT rev (3m)40.94%
EPS NQ rev (1m)9.37%
EPS NQ rev (3m)5.58%
EPS NY rev (1m)4.93%
EPS NY rev (3m)5.19%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)1.13%
Revenue NY rev (1m)1%
Revenue NY rev (3m)1.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.94 | ||
| Fwd PE | 31.41 | ||
| P/S | 4.34 | ||
| P/FCF | 53.68 | ||
| P/OCF | 39.17 | ||
| P/B | 6.03 | ||
| P/tB | 12.2 | ||
| EV/EBITDA | 27.76 |
EPS(TTM)6.21
EY2.5%
EPS(NY)7.9
Fwd EY3.18%
FCF(TTM)4.62
FCFY1.86%
OCF(TTM)6.33
OCFY2.55%
SpS57.13
BVpS41.16
TBVpS20.34
PEG (NY)3.96
PEG (5Y)8.69
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 | 6.31 |
F-Score5
WACC9.84%
ROIC/WACC0.89
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 Year6.49%
Revenue Next 2Y7.91%
Revenue Next 3Y7.78%
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%