View Financial HealthThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsMeritor 配当と自社株買い配当金 基準チェック /06主要情報n/a配当利回り1.3%バイバック利回り総株主利回り1.3%将来の配当利回り0%配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向n/a最近の配当と自社株買いの更新更新なしすべての更新を表示Recent updatesReported Earnings • Aug 03Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$1.03 (up from US$0.58 in 3Q 2021). Revenue: US$1.21b (up 19% from 3Q 2021). Net income: US$73.0m (up 74% from 3Q 2021). Profit margin: 6.0% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Over the next year, revenue is forecast to grow 2.3%, compared to a 62% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.Seeking Alpha • Aug 02Meritor Non-GAAP EPS of $1.07 beats by $0.19, revenue of $1.21B beats by $140MMeritor press release (NYSE:MTOR): Q3 Non-GAAP EPS of $1.07 beats by $0.19. Revenue of $1.21B (+19.8% Y/Y) beats by $140M. On 26 May, the company's shareholders voted in favor of the Cummins acquisition bid, further validating the potential of what Cummins and Meritor can achieve together. The companies are working together to complete the acquisition this week as received all regulatory approvals to close the transaction.Price Target Changed • Jul 20Price target increased to US$36.50Up from US$32.17, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$36.32. The company is forecast to post earnings per share of US$3.40 for next year compared to US$2.79 last year.Reported Earnings • May 03Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$0.86 (down from US$0.87 in 2Q 2021). Revenue: US$1.15b (up 17% from 2Q 2021). Net income: US$61.0m (down 3.2% from 2Q 2021). Profit margin: 5.3% (down from 6.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 7.5%. Over the next year, revenue is forecast to grow 5.0%, compared to a 13% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Recent Insider Transactions Derivative • Apr 05Senior VP & CFO exercised options and sold US$356k worth of stockOn the 4th of April, Carl Anderson exercised options to acquire 10k shares at no cost and sold these for an average price of US$35.62 per share. This trade did not impact their existing holding. Since June 2021, Carl's direct individual holding has increased from 19.97k shares to 27.91k. Company insiders have collectively sold US$4.5m more than they bought, via options and on-market transactions in the last 12 months.Price Target Changed • Mar 03Price target increased to US$33.00Up from US$30.20, the current price target is an average from 4 analysts. New target price is 7.7% below last closing price of US$35.76. The company is forecast to post earnings per share of US$3.53 for next year compared to US$2.79 last year.Seeking Alpha • Feb 23Cummins' Bid For Meritor Underlines The Value Of Quality ICE/EV Component PortfoliosCummins announced that it is acquiring Meritor for $36.50/share in cash. Meritor brings a market-leading position in axles and brakes in commercial vehicles and further accelerates Cummins' efforts to consolidate ICE powertrain components. Meritor also brings very credible electrification technology focused around e-axles, giving Cummins more options for development and integration in electrified powertrains. At a 10% premium to my own fair value estimate, I think Cummins' bid is fair, as it removes execution and cycle risk at a premium price.Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improved over the past weekAfter last week's 42% share price gain to US$35.47, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Machinery industry in the US. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$62.20 per share.分析記事 • Feb 15Is Now An Opportune Moment To Examine Meritor, Inc. (NYSE:MTOR)?Meritor, Inc. ( NYSE:MTOR ), might not be a large cap stock, but it saw significant share price movement during recent...Reported Earnings • Feb 05First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: US$0.76 (up from US$0.44 in 1Q 2021). Revenue: US$984.0m (up 11% from 1Q 2021). Net income: US$54.0m (up 69% from 1Q 2021). Profit margin: 5.5% (up from 3.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 41%. Over the next year, revenue is forecast to grow 9.5%, compared to a 36,794% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.分析記事 • Dec 14Here's Why Meritor (NYSE:MTOR) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Recent Insider Transactions Derivative • Dec 05Executive Chairman of the Board exercised options and sold US$2.9m worth of stockOn the 2nd of December, Jeffrey Craig exercised options to acquire 113k shares at no cost and sold these for an average price of US$25.19 per share. This trade did not impact their existing holding. Since December 2020, Jeffrey's direct individual holding has decreased from 238.11k shares to 38.54k. Company insiders have collectively sold US$19m more than they bought, via options and on-market transactions in the last 12 months.分析記事 • Nov 23An Intrinsic Calculation For Meritor, Inc. (NYSE:MTOR) Suggests It's 45% UndervaluedDoes the November share price for Meritor, Inc. ( NYSE:MTOR ) reflect what it's really worth? Today, we will estimate...Reported Earnings • Nov 19Full year 2021 earnings released: EPS US$2.75 (vs US$3.30 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: US$3.83b (up 26% from FY 2020). Net income: US$200.0m (down 18% from FY 2020). Profit margin: 5.2% (down from 8.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$24.81, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 21x in the Machinery industry in the US. Total returns to shareholders of 37% over the past three years.Seeking Alpha • Sep 02Meritor Already Discounting A Significant Correction In Commercial VehiclesMeritor posted a healthy beat relative to sell-side expectations in the June quarter, as the company leverages strong Class 8 production volume. The Class 8 cycle will likely peak in 2022, but the fall-off in 2023 may not be as sharp, and medium-duty trucks should keep growing into 2023. Meritor has built a credible e-axle program to participate in truck electrification, and the company's near-term $500M business win target looks secure. Management has executed well on cost/efficiency programs, and the shares seem to overly discount the coming Class 8 peak, offering an attractive return from today's price.分析記事 • Aug 20We Think Meritor (NYSE:MTOR) Is Taking Some Risk With Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Major Estimate Revision • Aug 11Consensus EPS estimates increase to US$2.42The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$3.77b to US$3.91b. EPS estimate increased from US$2.18 to US$2.42 per share. Net income forecast to grow 88% next year vs 30% growth forecast for Machinery industry in the US. Consensus price target down from US$31.33 to US$30.60. Share price rose 3.3% to US$24.77 over the past week.Reported Earnings • Aug 05Third quarter 2021 earnings released: EPS US$0.58 (vs US$0.50 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.02b (up 98% from 3Q 2020). Net income: US$42.0m (up US$78.0m from 3Q 2020). Profit margin: 4.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.分析記事 • Jun 15A Look At The Intrinsic Value Of Meritor, Inc. (NYSE:MTOR)Today we will run through one way of estimating the intrinsic value of Meritor, Inc. ( NYSE:MTOR ) by taking the...Reported Earnings • May 05Second quarter 2021 earnings released: EPS US$0.86 (vs US$3.27 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$983.0m (up 13% from 2Q 2020). Net income: US$63.0m (down 74% from 2Q 2020). Profit margin: 6.4% (down from 28% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.分析記事 • May 04Is Meritor (NYSE:MTOR) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Mar 15Should You Be Excited About Meritor, Inc.'s (NYSE:MTOR) 42% Return On Equity?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...Executive Departure • Mar 02Senior VP of Human Resources & Chief Information Officer has left the companyOn the 28th of February, Timothy Heffron's tenure as Senior VP of Human Resources & Chief Information Officer ended after 7.6 years in the role. As of December 2020, Timothy personally held 43.30k shares (US$1.2m worth at the time). A total of 2 executives have left over the last 12 months.分析記事 • Feb 21Don't Ignore The Fact That This Insider Just Sold Some Shares In Meritor, Inc. (NYSE:MTOR)We wouldn't blame Meritor, Inc. ( NYSE:MTOR ) shareholders if they were a little worried about the fact that Ivor...Recent Insider Transactions • Feb 20Independent Director recently sold US$3.2m worth of stockOn the 16th of February, Ivor Evans sold around 100k shares on-market at roughly US$32.24 per share. In the last 3 months, there was an even bigger sale from another insider worth US$11m. Insiders have been net sellers, collectively disposing of US$23m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Feb 19Independent Director notifies of intention to sell stockIvor Evans intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of February. If the sale is conducted around the recent share price of US$32.50, it would amount to US$3.3m. Since December 2020, Ivor's direct individual holding has increased from 425.06k shares to 429.02k. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.分析記事 • Feb 12Meritor (NYSE:MTOR) Shareholders Have Enjoyed A Whopping 341% Share Price GainFor many, the main point of investing in the stock market is to achieve spectacular returns. And highest quality...Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to US$32.47, the stock is trading at a trailing P/E ratio of 9.9x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 33x in the Machinery industry in the US. Total returns to shareholders over the past three years are 23%.Price Target Changed • Feb 10Price target raised to US$33.00Up from US$29.80, the current price target is an average from 3 analysts. The new target price is close to the current share price of US$32.47. As of last close, the stock is up 29% over the past year.Reported Earnings • Feb 05First quarter 2021 earnings released: EPS US$0.44 (vs US$0.50 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$889.0m (down 1.3% from 1Q 2020). Net income: US$32.0m (down 18% from 1Q 2020). Profit margin: 3.6% (down from 4.3% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year.Analyst Estimate Surprise Post Earnings • Feb 05Revenue and earnings miss expectationsRevenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 21%, compared to a 400% growth forecast for the Machinery industry in the US.Is New 90 Day High Low • Feb 04New 90-day high: US$30.20The company is up 17% from its price of US$25.89 on 05 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$62.29 per share.分析記事 • Jan 25Is Meritor (NYSE:MTOR) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Jan 08We're Not Counting On Meritor (NYSE:MTOR) To Sustain Its Statutory ProfitabilityMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...Is New 90 Day High Low • Jan 07New 90-day high: US$28.72The company is up 13% from its price of US$25.39 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$50.23 per share.分析記事 • Dec 24Is There An Opportunity With Meritor, Inc.'s (NYSE:MTOR) 44% Undervaluation?Today we will run through one way of estimating the intrinsic value of Meritor, Inc. ( NYSE:MTOR ) by projecting its...Recent Insider Transactions Derivative • Dec 18Independent Non-Executive Chairman notifies of intention to sell stockWilliam Newlin intends to sell roughly 14.41k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of December. If the sale is conducted around the recent share price of US$27.47, it would amount to US$396k. Since March 2020, William's direct individual holding has decreased from 273.40k shares to 214.80k. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.Is New 90 Day High Low • Dec 17New 90-day high: US$28.57The company is up 29% from its price of US$22.22 on 17 September 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$50.19 per share.分析記事 • Dec 09Should You Be Excited About Meritor, Inc.'s (NYSE:MTOR) 50% Return On Equity?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...Recent Insider Transactions • Dec 09President recently sold US$11m worth of stockOn the 8th of December, Jeffrey Craig sold around 400k shares on-market at roughly US$27.91 per share. This was the largest sale by an insider in the last 3 months. Jeffrey has been a seller over the last 12 months, reducing personal holdings by US$18m.Recent Insider Transactions Derivative • Dec 05President exercised options and sold US$737k worth of stockOn the 2nd of December, Jeffrey Craig exercised options to acquire 27.62k shares at no cost and sold these for an average price of US$26.67 per share. This trade did not impact their existing holding. For the year to September 2019, Jeffrey's total compensation was 14% salary and 86% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since September 2020, Jeffrey has owned 599.57k shares directly. Company insiders have collectively sold US$9.5m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions Derivative • Nov 24VP & Chief Accounting Officer notifies of intention to sell stockPaul Bialy intends to sell roughly 7.50k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of November. If the sale is conducted around the recent share price of US$25.00, it would amount to US$188k. Since December 2019, Paul has owned 34.85k shares directly. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Nov 24VP & Chief Accounting Officer recently sold US$186k worth of stockOn the 19th of November, Paul Bialy sold around 8k shares on-market at roughly US$24.87 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$8.7m more than they bought in the last 12 months.分析記事 • Nov 24This Insider Has Just Sold Shares In Meritor, Inc. (NYSE:MTOR)Anyone interested in Meritor, Inc. (NYSE:MTOR) should probably be aware that the VP & Chief Accounting Officer, Paul...Price Target Changed • Nov 16Price target raised to US$27.80Up from US$25.80, the current price target is an average from 3 analysts. The new target price is close to the current share price of US$26.52. As of last close, the stock is up 7.5% over the past year.Price Target Changed • Nov 14Price target raised to US$27.00Up from US$24.60, the current price target is an average from 3 analysts. The new target price is close to the current share price of US$26.52. As of last close, the stock is up 9.6% over the past year.Reported Earnings • Nov 14Full year 2020 earnings released: EPS US$3.23The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: US$3.04b (down 31% from FY 2019). Net income: US$244.0m (down 16% from FY 2019). Profit margin: 8.0% (up from 6.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year.Analyst Estimate Surprise Post Earnings • Nov 14Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 10%, compared to a 340% growth forecast for the Machinery industry in the US.Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 17% share price gain to US$28.48, the stock is trading at a trailing P/E ratio of 7.6x, up from the previous P/E ratio of 6.5x. This compares to an average P/E of 29x in the Machinery industry in the US. Total returns to shareholders over the past three years are 14%.Is New 90 Day High Low • Nov 10New 90-day high: US$27.09The company is up 7.0% from its price of US$25.24 on 12 August 2020. The American market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$24.37 per share.Is New 90 Day High Low • Oct 10New 90-day high: US$25.80The company is up 38% from its price of US$18.75 on 10 July 2020. The American market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$27.79 per share.決済の安定と成長配当データの取得安定した配当: MTORの 1 株当たり配当が過去に安定していたかどうかを判断するにはデータが不十分です。増加する配当: MTORの配当金が増加しているかどうかを判断するにはデータが不十分です。配当利回り対市場Meritor 配当利回り対市場MTOR 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (MTOR)n/a市場下位25% (US)1.4%市場トップ25% (US)4.3%業界平均 (Machinery)1.1%アナリスト予想 (MTOR) (最長3年)0%注目すべき配当: MTORは最近配当金を報告していないため、配当金支払者の下位 25% に対して同社の配当利回りを評価することはできません。高配当: MTORは最近配当金を報告していないため、配当金支払者の上位 25% に対して同社の配当利回りを評価することはできません。株主への利益配当収益カバレッジ: MTORの 配当性向 を計算して配当金の支払いが利益で賄われているかどうかを判断するにはデータが不十分です。株主配当金キャッシュフローカバレッジ: MTORが配当金を報告していないため、配当金の持続可能性を計算できません。高配当企業の発掘7D1Y7D1Y7D1YUS 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2022/08/03 01:14終値2022/08/02 00:00収益2022/06/30年間収益2021/09/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Meritor, Inc. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。12 アナリスト機関David LeikerBairdSherif El-SabbahyBofA Global ResearchDaniel MahoneyCFRA Research9 その他のアナリストを表示
Reported Earnings • Aug 03Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$1.03 (up from US$0.58 in 3Q 2021). Revenue: US$1.21b (up 19% from 3Q 2021). Net income: US$73.0m (up 74% from 3Q 2021). Profit margin: 6.0% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Over the next year, revenue is forecast to grow 2.3%, compared to a 62% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
Seeking Alpha • Aug 02Meritor Non-GAAP EPS of $1.07 beats by $0.19, revenue of $1.21B beats by $140MMeritor press release (NYSE:MTOR): Q3 Non-GAAP EPS of $1.07 beats by $0.19. Revenue of $1.21B (+19.8% Y/Y) beats by $140M. On 26 May, the company's shareholders voted in favor of the Cummins acquisition bid, further validating the potential of what Cummins and Meritor can achieve together. The companies are working together to complete the acquisition this week as received all regulatory approvals to close the transaction.
Price Target Changed • Jul 20Price target increased to US$36.50Up from US$32.17, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$36.32. The company is forecast to post earnings per share of US$3.40 for next year compared to US$2.79 last year.
Reported Earnings • May 03Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$0.86 (down from US$0.87 in 2Q 2021). Revenue: US$1.15b (up 17% from 2Q 2021). Net income: US$61.0m (down 3.2% from 2Q 2021). Profit margin: 5.3% (down from 6.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 7.5%. Over the next year, revenue is forecast to grow 5.0%, compared to a 13% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Recent Insider Transactions Derivative • Apr 05Senior VP & CFO exercised options and sold US$356k worth of stockOn the 4th of April, Carl Anderson exercised options to acquire 10k shares at no cost and sold these for an average price of US$35.62 per share. This trade did not impact their existing holding. Since June 2021, Carl's direct individual holding has increased from 19.97k shares to 27.91k. Company insiders have collectively sold US$4.5m more than they bought, via options and on-market transactions in the last 12 months.
Price Target Changed • Mar 03Price target increased to US$33.00Up from US$30.20, the current price target is an average from 4 analysts. New target price is 7.7% below last closing price of US$35.76. The company is forecast to post earnings per share of US$3.53 for next year compared to US$2.79 last year.
Seeking Alpha • Feb 23Cummins' Bid For Meritor Underlines The Value Of Quality ICE/EV Component PortfoliosCummins announced that it is acquiring Meritor for $36.50/share in cash. Meritor brings a market-leading position in axles and brakes in commercial vehicles and further accelerates Cummins' efforts to consolidate ICE powertrain components. Meritor also brings very credible electrification technology focused around e-axles, giving Cummins more options for development and integration in electrified powertrains. At a 10% premium to my own fair value estimate, I think Cummins' bid is fair, as it removes execution and cycle risk at a premium price.
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improved over the past weekAfter last week's 42% share price gain to US$35.47, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Machinery industry in the US. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$62.20 per share.
分析記事 • Feb 15Is Now An Opportune Moment To Examine Meritor, Inc. (NYSE:MTOR)?Meritor, Inc. ( NYSE:MTOR ), might not be a large cap stock, but it saw significant share price movement during recent...
Reported Earnings • Feb 05First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: US$0.76 (up from US$0.44 in 1Q 2021). Revenue: US$984.0m (up 11% from 1Q 2021). Net income: US$54.0m (up 69% from 1Q 2021). Profit margin: 5.5% (up from 3.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 41%. Over the next year, revenue is forecast to grow 9.5%, compared to a 36,794% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
分析記事 • Dec 14Here's Why Meritor (NYSE:MTOR) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Recent Insider Transactions Derivative • Dec 05Executive Chairman of the Board exercised options and sold US$2.9m worth of stockOn the 2nd of December, Jeffrey Craig exercised options to acquire 113k shares at no cost and sold these for an average price of US$25.19 per share. This trade did not impact their existing holding. Since December 2020, Jeffrey's direct individual holding has decreased from 238.11k shares to 38.54k. Company insiders have collectively sold US$19m more than they bought, via options and on-market transactions in the last 12 months.
分析記事 • Nov 23An Intrinsic Calculation For Meritor, Inc. (NYSE:MTOR) Suggests It's 45% UndervaluedDoes the November share price for Meritor, Inc. ( NYSE:MTOR ) reflect what it's really worth? Today, we will estimate...
Reported Earnings • Nov 19Full year 2021 earnings released: EPS US$2.75 (vs US$3.30 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: US$3.83b (up 26% from FY 2020). Net income: US$200.0m (down 18% from FY 2020). Profit margin: 5.2% (down from 8.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$24.81, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 21x in the Machinery industry in the US. Total returns to shareholders of 37% over the past three years.
Seeking Alpha • Sep 02Meritor Already Discounting A Significant Correction In Commercial VehiclesMeritor posted a healthy beat relative to sell-side expectations in the June quarter, as the company leverages strong Class 8 production volume. The Class 8 cycle will likely peak in 2022, but the fall-off in 2023 may not be as sharp, and medium-duty trucks should keep growing into 2023. Meritor has built a credible e-axle program to participate in truck electrification, and the company's near-term $500M business win target looks secure. Management has executed well on cost/efficiency programs, and the shares seem to overly discount the coming Class 8 peak, offering an attractive return from today's price.
分析記事 • Aug 20We Think Meritor (NYSE:MTOR) Is Taking Some Risk With Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Major Estimate Revision • Aug 11Consensus EPS estimates increase to US$2.42The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$3.77b to US$3.91b. EPS estimate increased from US$2.18 to US$2.42 per share. Net income forecast to grow 88% next year vs 30% growth forecast for Machinery industry in the US. Consensus price target down from US$31.33 to US$30.60. Share price rose 3.3% to US$24.77 over the past week.
Reported Earnings • Aug 05Third quarter 2021 earnings released: EPS US$0.58 (vs US$0.50 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.02b (up 98% from 3Q 2020). Net income: US$42.0m (up US$78.0m from 3Q 2020). Profit margin: 4.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
分析記事 • Jun 15A Look At The Intrinsic Value Of Meritor, Inc. (NYSE:MTOR)Today we will run through one way of estimating the intrinsic value of Meritor, Inc. ( NYSE:MTOR ) by taking the...
Reported Earnings • May 05Second quarter 2021 earnings released: EPS US$0.86 (vs US$3.27 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$983.0m (up 13% from 2Q 2020). Net income: US$63.0m (down 74% from 2Q 2020). Profit margin: 6.4% (down from 28% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
分析記事 • May 04Is Meritor (NYSE:MTOR) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Mar 15Should You Be Excited About Meritor, Inc.'s (NYSE:MTOR) 42% Return On Equity?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Executive Departure • Mar 02Senior VP of Human Resources & Chief Information Officer has left the companyOn the 28th of February, Timothy Heffron's tenure as Senior VP of Human Resources & Chief Information Officer ended after 7.6 years in the role. As of December 2020, Timothy personally held 43.30k shares (US$1.2m worth at the time). A total of 2 executives have left over the last 12 months.
分析記事 • Feb 21Don't Ignore The Fact That This Insider Just Sold Some Shares In Meritor, Inc. (NYSE:MTOR)We wouldn't blame Meritor, Inc. ( NYSE:MTOR ) shareholders if they were a little worried about the fact that Ivor...
Recent Insider Transactions • Feb 20Independent Director recently sold US$3.2m worth of stockOn the 16th of February, Ivor Evans sold around 100k shares on-market at roughly US$32.24 per share. In the last 3 months, there was an even bigger sale from another insider worth US$11m. Insiders have been net sellers, collectively disposing of US$23m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Feb 19Independent Director notifies of intention to sell stockIvor Evans intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of February. If the sale is conducted around the recent share price of US$32.50, it would amount to US$3.3m. Since December 2020, Ivor's direct individual holding has increased from 425.06k shares to 429.02k. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.
分析記事 • Feb 12Meritor (NYSE:MTOR) Shareholders Have Enjoyed A Whopping 341% Share Price GainFor many, the main point of investing in the stock market is to achieve spectacular returns. And highest quality...
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to US$32.47, the stock is trading at a trailing P/E ratio of 9.9x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 33x in the Machinery industry in the US. Total returns to shareholders over the past three years are 23%.
Price Target Changed • Feb 10Price target raised to US$33.00Up from US$29.80, the current price target is an average from 3 analysts. The new target price is close to the current share price of US$32.47. As of last close, the stock is up 29% over the past year.
Reported Earnings • Feb 05First quarter 2021 earnings released: EPS US$0.44 (vs US$0.50 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$889.0m (down 1.3% from 1Q 2020). Net income: US$32.0m (down 18% from 1Q 2020). Profit margin: 3.6% (down from 4.3% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year.
Analyst Estimate Surprise Post Earnings • Feb 05Revenue and earnings miss expectationsRevenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 21%, compared to a 400% growth forecast for the Machinery industry in the US.
Is New 90 Day High Low • Feb 04New 90-day high: US$30.20The company is up 17% from its price of US$25.89 on 05 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$62.29 per share.
分析記事 • Jan 25Is Meritor (NYSE:MTOR) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Jan 08We're Not Counting On Meritor (NYSE:MTOR) To Sustain Its Statutory ProfitabilityMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Is New 90 Day High Low • Jan 07New 90-day high: US$28.72The company is up 13% from its price of US$25.39 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$50.23 per share.
分析記事 • Dec 24Is There An Opportunity With Meritor, Inc.'s (NYSE:MTOR) 44% Undervaluation?Today we will run through one way of estimating the intrinsic value of Meritor, Inc. ( NYSE:MTOR ) by projecting its...
Recent Insider Transactions Derivative • Dec 18Independent Non-Executive Chairman notifies of intention to sell stockWilliam Newlin intends to sell roughly 14.41k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of December. If the sale is conducted around the recent share price of US$27.47, it would amount to US$396k. Since March 2020, William's direct individual holding has decreased from 273.40k shares to 214.80k. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.
Is New 90 Day High Low • Dec 17New 90-day high: US$28.57The company is up 29% from its price of US$22.22 on 17 September 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$50.19 per share.
分析記事 • Dec 09Should You Be Excited About Meritor, Inc.'s (NYSE:MTOR) 50% Return On Equity?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Recent Insider Transactions • Dec 09President recently sold US$11m worth of stockOn the 8th of December, Jeffrey Craig sold around 400k shares on-market at roughly US$27.91 per share. This was the largest sale by an insider in the last 3 months. Jeffrey has been a seller over the last 12 months, reducing personal holdings by US$18m.
Recent Insider Transactions Derivative • Dec 05President exercised options and sold US$737k worth of stockOn the 2nd of December, Jeffrey Craig exercised options to acquire 27.62k shares at no cost and sold these for an average price of US$26.67 per share. This trade did not impact their existing holding. For the year to September 2019, Jeffrey's total compensation was 14% salary and 86% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since September 2020, Jeffrey has owned 599.57k shares directly. Company insiders have collectively sold US$9.5m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions Derivative • Nov 24VP & Chief Accounting Officer notifies of intention to sell stockPaul Bialy intends to sell roughly 7.50k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of November. If the sale is conducted around the recent share price of US$25.00, it would amount to US$188k. Since December 2019, Paul has owned 34.85k shares directly. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Nov 24VP & Chief Accounting Officer recently sold US$186k worth of stockOn the 19th of November, Paul Bialy sold around 8k shares on-market at roughly US$24.87 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$8.7m more than they bought in the last 12 months.
分析記事 • Nov 24This Insider Has Just Sold Shares In Meritor, Inc. (NYSE:MTOR)Anyone interested in Meritor, Inc. (NYSE:MTOR) should probably be aware that the VP & Chief Accounting Officer, Paul...
Price Target Changed • Nov 16Price target raised to US$27.80Up from US$25.80, the current price target is an average from 3 analysts. The new target price is close to the current share price of US$26.52. As of last close, the stock is up 7.5% over the past year.
Price Target Changed • Nov 14Price target raised to US$27.00Up from US$24.60, the current price target is an average from 3 analysts. The new target price is close to the current share price of US$26.52. As of last close, the stock is up 9.6% over the past year.
Reported Earnings • Nov 14Full year 2020 earnings released: EPS US$3.23The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: US$3.04b (down 31% from FY 2019). Net income: US$244.0m (down 16% from FY 2019). Profit margin: 8.0% (up from 6.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year.
Analyst Estimate Surprise Post Earnings • Nov 14Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 10%, compared to a 340% growth forecast for the Machinery industry in the US.
Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 17% share price gain to US$28.48, the stock is trading at a trailing P/E ratio of 7.6x, up from the previous P/E ratio of 6.5x. This compares to an average P/E of 29x in the Machinery industry in the US. Total returns to shareholders over the past three years are 14%.
Is New 90 Day High Low • Nov 10New 90-day high: US$27.09The company is up 7.0% from its price of US$25.24 on 12 August 2020. The American market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$24.37 per share.
Is New 90 Day High Low • Oct 10New 90-day high: US$25.80The company is up 38% from its price of US$18.75 on 10 July 2020. The American market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$27.79 per share.