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Colfax

DB:C52
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C52
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Colfax Corporation operates as a diversified technology company worldwide. The last earnings update was 73 days ago. More info.


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C52 Share Price and Events
7 Day Returns
-0.9%
DB:C52
-1.8%
DE Machinery
-0.7%
DE Market
1 Year Returns
-7.8%
DB:C52
-31%
DE Machinery
-7.6%
DE Market
C52 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Colfax (C52) -0.9% -1.2% -11.6% -7.8% -7.4% -53%
DE Machinery -1.8% -9.4% -17.6% -31% -23.5% -0.1%
DE Market -0.7% -0.5% -3.8% -7.6% 8.3% 11.1%
1 Year Return vs Industry and Market
  • C52 outperformed the Machinery industry which returned -31% over the past year.
  • C52 matched the Germany Market (-7.6%) over the past year.
Price Volatility
C52
Industry
5yr Volatility vs Market

Value

 Is Colfax undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Colfax to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Colfax.

DB:C52 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:C52
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 21%) (136.05%))
1.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.835 * 5.96%)
11.17%

Discounted Cash Flow Calculation for DB:C52 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Colfax is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:C52 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.17%)
2020 391.57 Analyst x3 352.23
2021 388.50 Analyst x2 314.37
2022 361.00 Analyst x1 262.77
2023 342.69 Est @ -5.07% 224.39
2024 330.76 Est @ -3.48% 194.82
2025 322.92 Est @ -2.37% 171.10
2026 317.79 Est @ -1.59% 151.46
2027 314.47 Est @ -1.04% 134.82
2028 312.39 Est @ -0.66% 120.48
2029 311.15 Est @ -0.4% 107.95
Present value of next 10 years cash flows $2,034.38
DB:C52 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $311.15 × (1 + 0.23%) ÷ (11.17% – 0.23%)
$2,850.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,850.85 ÷ (1 + 11.17%)10
$989.02
DB:C52 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,034.38 + $989.02
$3,023.40
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,023.40 / 117.56
$25.72
DB:C52 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:C52 represents 0.87047x of NYSE:CFX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87047x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 25.72 x 0.87047
€22.39
Value per share (EUR) From above. €22.39
Current discount Discount to share price of €23.79
= -1 x (€23.79 - €22.39) / €22.39
-6.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Colfax is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Colfax's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Colfax's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:C52 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-29) in USD $0.75
NYSE:CFX Share Price ** NYSE (2019-07-19) in USD $27.33
Germany Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 14.06x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Colfax.

DB:C52 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CFX Share Price ÷ EPS (both in USD)

= 27.33 ÷ 0.75

36.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Colfax is overvalued based on earnings compared to the DE Machinery industry average.
  • Colfax is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Colfax's expected growth come at a high price?
Raw Data
DB:C52 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 36.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
33.4%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.27x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:C52 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 36.25x ÷ 33.4%

1.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Colfax is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Colfax's assets?
Raw Data
DB:C52 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-29) in USD $30.43
NYSE:CFX Share Price * NYSE (2019-07-19) in USD $27.33
Germany Machinery Industry PB Ratio Median Figure of 47 Publicly-Listed Machinery Companies 1.45x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:C52 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CFX Share Price ÷ Book Value per Share (both in USD)

= 27.33 ÷ 30.43

0.9x

* Primary Listing of Colfax.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Colfax is good value based on assets compared to the DE Machinery industry average.
X
Value checks
We assess Colfax's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Colfax has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Colfax expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Colfax expected to grow at an attractive rate?
  • Colfax's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Colfax's earnings growth is expected to exceed the Germany market average.
  • Colfax's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:C52 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:C52 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 33.4%
DB:C52 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 1.2%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:C52 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:C52 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 4,688 295 2
2021-12-31 4,917 547 259 4
2020-12-31 4,942 542 282 8
2019-12-31 4,851 353 113 11
DB:C52 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-29 3,794 157 93
2018-12-31 3,667 226 169
2018-09-28 3,556 205 -63
2018-06-29 3,525 154 -54
2018-03-30 3,447 176 -81
2017-12-31 3,300 219 -73
2017-09-29 3,239 260 154
2017-06-30 3,161 289 147
2017-03-31 3,043 272 151
2016-12-31 3,186 247 138
2016-09-30 3,435 254 144
2016-07-01 3,637 293 126
2016-04-01 3,933 321 138

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Colfax's earnings are expected to grow significantly at over 20% yearly.
  • Colfax's revenue is expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:C52 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Colfax Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:C52 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.08 2.08 2.08 1.00
2021-12-31 1.83 1.83 1.83 1.00
2020-12-31 2.06 2.78 1.58 3.00
2019-12-31 0.81 0.94 0.68 3.00
DB:C52 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-29 0.75
2018-12-31 1.40
2018-09-28 -0.52
2018-06-29 -0.44
2018-03-30 -0.66
2017-12-31 -0.59
2017-09-29 1.25
2017-06-30 1.19
2017-03-31 1.22
2016-12-31 1.12
2016-09-30 1.17
2016-07-01 1.02
2016-04-01 1.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Colfax is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Colfax's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Colfax has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Colfax performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Colfax's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Colfax's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Colfax has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Colfax has become profitable in the last year making it difficult to compare the DE Machinery industry average.
Earnings and Revenue History
Colfax's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Colfax Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:C52 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-29 3,793.56 92.60 735.56 48.50
2018-12-31 3,666.81 168.55 680.33 48.50
2018-09-28 3,555.67 -63.40 694.91 42.90
2018-06-29 3,524.81 -53.63 681.91 42.90
2018-03-30 3,447.48 -81.03 654.01 42.90
2017-12-31 3,300.18 -72.96 621.72 42.90
2017-09-29 3,238.51 154.13 612.21 39.30
2017-06-30 3,160.52 146.67 598.23 39.30
2017-03-31 3,042.54 150.50 566.08 39.30
2016-12-31 3,185.75 137.67 605.64 39.30
2016-09-30 3,434.81 143.75 642.69 41.50
2016-07-01 3,637.43 125.79 712.08 41.50
2016-04-01 3,932.83 138.30 789.98 41.50
2015-12-31 3,434.35 157.51 656.88 38.00
2015-09-25 4,111.95 203.68 813.58 43.00
2015-06-26 4,307.25 258.71 821.77 43.00
2015-03-27 4,481.22 397.36 859.77 43.00
2014-12-31 4,624.48 370.19 878.12 43.00
2014-09-26 4,589.50 322.04 884.03 27.40
2014-06-27 4,439.62 299.04 847.35 27.40
2014-03-28 4,314.40 159.71 808.41 27.40
2013-12-31 4,207.21 154.49 791.02 27.40
2013-09-27 4,063.23 137.17 856.40 19.40
2013-06-28 4,003.10 90.81 864.78 19.40
2013-03-29 3,974.63 45.64 875.08 19.40
2012-12-31 3,913.86 -83.35 800.83 19.40
2012-09-28 3,064.25 -114.10 694.78 5.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Colfax has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Colfax used its assets less efficiently than the DE Machinery industry average last year based on Return on Assets.
  • Colfax's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Colfax's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Colfax has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Colfax's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Colfax's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Colfax is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Colfax's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Colfax's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Colfax Company Filings, last reported 3 months ago.

DB:C52 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-29 3,741.72 4,173.35 242.42
2018-12-31 3,476.95 1,198.74 245.02
2018-09-28 3,478.32 1,142.01 285.90
2018-06-29 3,537.44 1,073.60 257.70
2018-03-30 3,841.24 1,128.21 403.24
2017-12-31 3,727.26 1,061.07 411.63
2017-09-29 3,513.80 1,340.49 260.41
2017-06-30 3,372.41 1,328.36 272.23
2017-03-31 3,211.43 1,250.77 207.84
2016-12-31 3,093.34 1,292.14 208.81
2016-09-30 3,168.66 1,385.14 191.66
2016-07-01 3,158.04 1,405.46 184.67
2016-04-01 3,239.20 1,446.08 196.04
2015-12-31 3,256.56 1,417.55 197.47
2015-09-25 3,304.03 1,548.78 221.25
2015-06-26 3,428.64 1,383.67 212.21
2015-03-27 3,248.62 1,438.50 206.92
2014-12-31 3,352.44 1,536.81 305.45
2014-09-26 3,537.10 1,681.86 286.62
2014-06-27 3,649.41 1,871.99 333.97
2014-03-28 3,396.72 1,149.17 482.18
2013-12-31 2,741.12 1,487.09 311.30
2013-09-27 2,570.03 1,521.13 639.26
2013-06-28 2,404.07 1,505.94 587.94
2013-03-29 2,064.32 1,529.92 234.83
2012-12-31 2,156.29 1,728.31 482.45
2012-09-28 2,179.70 1,693.10 517.34
  • Colfax's level of debt (111.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (34.2% vs 111.5% today).
  • Debt is not well covered by operating cash flow (3.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.5x coverage).
X
Financial health checks
We assess Colfax's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Colfax has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Colfax's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Colfax dividends. Estimated to be 0% next year.
If you bought €2,000 of Colfax shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Colfax's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Colfax's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:C52 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:C52 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 3.00
2020-12-31 0.00 4.00
2019-12-31 0.00 4.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Colfax has not reported any payouts.
  • Unable to verify if Colfax's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Colfax's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Colfax has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Colfax's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Colfax's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Colfax afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Colfax has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Colfax's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Trerotola
COMPENSATION $3,147,927
AGE 52
TENURE AS CEO 4 years
CEO Bio

Mr. Matthew L. Trerotola, also known as Matt, has been the Chief Executive Officer of Colfax Corporation since July 24, 2015 and has been its President since July 2015. Mr. Trerotola has been the President of ESAB Global since December 31, 2015 and serves as its Chief Executive Officer. He served as Interim President of ESAB Sverige AB until May 16, 2016. Mr. Trerotola served as an Executive Vice President at DuPont do Brasil S.A. since September 2013. He served as an Executive Vice President of E. I. du Pont de Nemours and Company from December 1, 2014 to July 2015 and served as its Senior Vice President from September 1, 2013 to December 1, 2014. Mr. Trerotola served as Vice President and General Manager of DuPont Nonwovens at E. I. du Pont de Nemours and Company since 2005. He served as Vice President and Group Executive of Danaher Corp. With Danaher, he started as President of Videojet from 2007 to 2009. He served as President of Videojet and Group Executive of Product Identification from 2009 to 2012. He served as Vice President and Group Executive for Life Sciences since 2012. He joined DuPont in 1989 as a Development Engineer in DuPont Automotive. For over 2 years, he served as Business Director for Industrial Solutions in the DuPont Chemical Solutions Enterprise. He rejoined DuPont in 2013 and had corporate responsibility for DuPont’s Asia-Pacific business. He was responsible for improving the profit and loss of a portfolio of industrial chemicals businesses and for aggressively growing Refinery Solutions. He served as Director of Corporate Plans at DuPont Chemical Solutions Enterprise, where he played key roles in the creation of the Solae® Joint Venture with Bunge and the development and launch of the DuPont Safety & Protection platform growth strategy. At DuPont, Mr. Trerotola held technical, sales and marketing roles in the plastics industry and automotive market. From 1995 to 1999, he served for 5 years with McKinsey and Company in the United States and Europe and several years in business development and general management roles in early-stage, technology-enabled growth companies. He has been a Director of Colfax Corporation since July 24, 2015. Mr. Trerotola holds a BS in Chemical Engineering from The University of Virginia in 1989 and an MBA from Harvard Business School in 1995.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Matt's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Colfax management team in years:

4
Average Tenure
57
Average Age
  • The tenure for the Colfax management team is about average.
Management Team

Mitchell Rales

TITLE
Co-Founder & Chairman of the Board
COMPENSATION
$1
AGE
62
TENURE
24.5 yrs

Matt Trerotola

TITLE
President
COMPENSATION
$3M
AGE
52
TENURE
4 yrs

Christopher Hix

TITLE
Senior VP of Finance
COMPENSATION
$3M
AGE
57
TENURE
3 yrs

Daniel Pryor

TITLE
Executive Vice President of Strategy & Business Development
COMPENSATION
$5M
AGE
51
TENURE
6 yrs

Shyam Kambeyanda

TITLE
Senior Vice President
COMPENSATION
$3M
AGE
48
TENURE
3.2 yrs

Ian Brander

TITLE
Chief Executive Officer of Howden
COMPENSATION
$2M
AGE
57
TENURE
7.9 yrs

Steve Breitzka

TITLE
Interim Senior Vice President of Global Operations & Americas
AGE
61

Terry Ross

TITLE
Vice President of Investor Relations
TENURE
4.6 yrs

Bradley Tandy

TITLE
Senior VP & General Counsel
AGE
60
TENURE
0.5 yrs

Patty Lang

TITLE
Senior VP & Chief Human Resources Officer
AGE
60
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Colfax board of directors in years:

9.6
Average Tenure
60
Average Age
  • The tenure for the Colfax board of directors is about average.
Board of Directors

Mitchell Rales

TITLE
Co-Founder & Chairman of the Board
COMPENSATION
$1
AGE
62

Matt Trerotola

TITLE
President
COMPENSATION
$3M
AGE
52
TENURE
4 yrs

Patrick Allender

TITLE
Independent Director
COMPENSATION
$220K
AGE
72
TENURE
11.2 yrs

Rhonda Jordan

TITLE
Independent Director
COMPENSATION
$220K
AGE
61
TENURE
10.4 yrs

A. Perfall

TITLE
Independent Director
COMPENSATION
$225K
AGE
60
TENURE
8.8 yrs

Rajiv Vinnakota

TITLE
Independent Director
COMPENSATION
$205K
AGE
47
TENURE
11.2 yrs

Tom Gayner

TITLE
Independent Director
COMPENSATION
$205K
AGE
58
TENURE
11.2 yrs

Sharon Wienbar

TITLE
Independent Director
COMPENSATION
$205K
AGE
57
TENURE
3.1 yrs

Didier P. Teirlinck

TITLE
Director
COMPENSATION
$143K
AGE
62
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • Colfax individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. May 19 Sell Shyam Kambeyanda Individual 14. May 19 14. May 19 -11,764 €23.44 €-275,705
13. Mar 19 Sell Ian Brander Individual 11. Mar 19 11. Mar 19 -4,260 €24.05 €-102,444
21. Feb 19 Sell Lynn Clark Individual 19. Feb 19 19. Feb 19 -2,666 €23.39 €-62,348
21. Nov 18 Sell A. Puckett Individual 19. Nov 18 19. Nov 18 -2,540 €22.86 €-58,056
21. Nov 18 Sell Lynn Clark Individual 19. Nov 18 19. Nov 18 -3,332 €22.86 €-76,159
21. Nov 18 Sell Ian Brander Individual 19. Nov 18 19. Nov 18 -3,232 €22.86 €-73,873
09. Nov 18 Sell Jason Maclean Individual 08. Nov 18 08. Nov 18 -1,120 €25.45 €-28,509
09. Aug 18 Sell Matthew Trerotola Individual 08. Aug 18 08. Aug 18 -20,488 €28.72 €-588,352
X
Management checks
We assess Colfax's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Colfax has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Colfax Corporation operates as a diversified technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, installs, and maintains heavy-duty fans, rotary heat exchangers, blowers, and compressors. It markets air and gas handling products under the Howden brand name. This segment sells its products and services directly, as well as through independent representatives and distributors to customers in the power generation, oil, gas and petrochemical, mining, wastewater, general industrial, and other markets. The Fabrication Technology segment formulates, develops, manufactures, and supplies consumable products and equipment for use in cutting, joining, and automated welding of steels, aluminum, and other metals and metal alloys. It also provides welding consumables comprising electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables, such as electrodes, nozzles, and shields and tips under the ESAB brand name. This segment sells its products through independent distributors and direct sales to the infrastructure, wind power, marine, pipelines, mobile/off-highway equipment, oil, gas, and mining markets. Colfax Corporation was founded in 1860 and is headquartered in Annapolis Junction, Maryland.

Details
Name: Colfax Corporation
C52
Exchange: DB
Founded: 1860
$2,863,311,040
117,558,414
Website: http://www.colfaxcorp.com
Address: Colfax Corporation
420 National Business Parkway,
5th Floor,
Annapolis Junction,
Maryland, 20701,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CFX Common Stock New York Stock Exchange US USD 08. May 2008
DB C52 Common Stock Deutsche Boerse AG DE EUR 08. May 2008
LSE 0I1B Common Stock London Stock Exchange GB USD 08. May 2008
Number of employees
Current staff
Staff numbers
15,500
Colfax employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 21:20
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/16
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/29
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.