Columbus McKinnon
Market Cap
US$723.3m
Last Updated
2020/05/30 09:20 UTC
Data Sources
Company Financials +
Executive Summary
Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, rigging tools, digital power control systems, motion control products, and other technologies and systems for commercial and industrial applications worldwide.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -22.1% per year for the next 3 years
Snowflake Analysis
Solid track record and fair value.
Similar Companies
Share Price & News
How has Columbus McKinnon's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CMCO's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
15.5%
CMCO
6.8%
US Machinery
2.7%
US Market
1 Year Return
-16.1%
CMCO
0.5%
US Machinery
9.1%
US Market
Return vs Industry: CMCO underperformed the US Machinery industry which returned 0.5% over the past year.
Return vs Market: CMCO underperformed the US Market which returned 9.1% over the past year.
Shareholder returns
| CMCO | Industry | Market | |
|---|---|---|---|
| 7 Day | 15.5% | 6.8% | 2.7% |
| 30 Day | 12.3% | 4.6% | 4.5% |
| 90 Day | -2.2% | -4.2% | 2.3% |
| 1 Year | -15.5%-16.1% | 2.4%0.5% | 11.5%9.1% |
| 3 Year | 13.3%11.4% | 9.7%2.7% | 30.6%22.0% |
| 5 Year | 30.3%25.9% | 40.6%23.8% | 57.2%39.5% |
Price Volatility Vs. Market
How volatile is Columbus McKinnon's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Have Insiders Been Selling Columbus McKinnon Corporation (NASDAQ:CMCO) Shares This Year?2 weeks ago | Simply Wall St
Did Changing Sentiment Drive Columbus McKinnon's (NASDAQ:CMCO) Share Price Down By 35%?3 weeks ago | Simply Wall St
What Is Columbus McKinnon's (NASDAQ:CMCO) P/E Ratio After Its Share Price Rocketed?Valuation
Is Columbus McKinnon undervalued compared to its fair value and its price relative to the market?
12.04x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CMCO ($30.41) is trading above our estimate of fair value ($25.39)
Significantly Below Fair Value: CMCO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CMCO is good value based on its PE Ratio (12x) compared to the Machinery industry average (20x).
PE vs Market: CMCO is good value based on its PE Ratio (12x) compared to the US market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: CMCO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CMCO is good value based on its PB Ratio (1.6x) compared to the US Machinery industry average (2x).
Next Steps
Future Growth
How is Columbus McKinnon forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-22.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMCO's earnings are forecast to decline over the next 3 years (-22.1% per year).
Earnings vs Market: CMCO's earnings are forecast to decline over the next 3 years (-22.1% per year).
High Growth Earnings: CMCO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CMCO's revenue is expected to decline over the next 3 years (-9.1% per year).
High Growth Revenue: CMCO's revenue is forecast to decline over the next 3 years (-9.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CMCO's Return on Equity is forecast to be low in 3 years time (7.4%).
Next Steps
Past Performance
How has Columbus McKinnon performed over the past 5 years?
26.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMCO has high quality earnings.
Growing Profit Margin: CMCO's current net profit margins (7.4%) are higher than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: CMCO's earnings have grown significantly by 26.9% per year over the past 5 years.
Accelerating Growth: CMCO's earnings growth over the past year (39.8%) exceeds its 5-year average (26.9% per year).
Earnings vs Industry: CMCO earnings growth over the past year (39.8%) exceeded the Machinery industry -5.7%.
Return on Equity
High ROE: CMCO's Return on Equity (12.9%) is considered low.
Next Steps
Financial Health
How is Columbus McKinnon's financial position?
Financial Position Analysis
Short Term Liabilities: CMCO's short term assets ($382.7M) exceed its short term liabilities ($155.3M).
Long Term Liabilities: CMCO's short term assets ($382.7M) do not cover its long term liabilities ($474.4M).
Debt to Equity History and Analysis
Debt Level: CMCO's debt to equity ratio (55.3%) is considered high.
Reducing Debt: CMCO's debt to equity ratio has increased from 46.2% to 55.3% over the past 5 years.
Debt Coverage: CMCO's debt is well covered by operating cash flow (41.6%).
Interest Coverage: CMCO's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Columbus McKinnon's current dividend yield, its reliability and sustainability?
0.79%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CMCO's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: CMCO's dividend (0.79%) is low compared to the top 25% of dividend payers in the US market (4.48%).
Stability and Growth of Payments
Stable Dividend: CMCO is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: CMCO is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: CMCO is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CMCO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Rick Fleming (72yo)
0.33
Tenure
US$236,525
Compensation
Mr. Richard H. Fleming, also known as Rick, serves as Interim Chief executive Officer at Columbus McKinnon Corporation since January 10, 2020. He has been an Independent Director of Columbus McKinnon Corp. ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board & Interim CEO | 0.33yr | US$236.53k | 0.22% $1.6m | |
| VP of Finance | 8.75yrs | US$1.38m | 0.16% $1.2m | |
| VP of Corporate Development | 9.33yrs | US$1.02m | 0.064% $459.4k | |
| Vice President of Crane Solutions | 3.33yrs | US$1.08m | 0.11% $770.9k | |
| Director of Global Marketing | no data | no data | no data | |
| Vice President of Engineered Products | 1.17yrs | no data | 0.0061% $44.3k |
3.3yrs
Average Tenure
59yo
Average Age
Experienced Management: CMCO's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board & Interim CEO | 0.33yr | US$236.53k | 0.22% $1.6m | |
| Independent Director | 6.33yrs | US$196.53k | 0.084% $604.4k | |
| Chairman Emeritus | 1.83yrs | US$176.53k | 0.20% $1.5m | |
| Independent Director | 13.33yrs | US$176.53k | 0.19% $1.4m | |
| Independent Director | 2.58yrs | US$176.53k | 0.015% $111.6k | |
| Independent Director | 2yrs | US$176.53k | 0.015% $111.6k | |
| Independent Director | 5yrs | US$196.53k | 0.068% $492.1k | |
| Independent Director | 11.5yrs | US$191.53k | 0.18% $1.3m | |
| Independent Director | 0.17yr | no data | no data |
2.6yrs
Average Tenure
63yo
Average Age
Experienced Board: CMCO's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Columbus McKinnon Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Columbus McKinnon Corporation
- Ticker: CMCO
- Exchange: NasdaqGS
- Founded: 1875
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$723.343m
- Shares outstanding: 23.79m
- Website: https://www.cmworks.com
Number of Employees
Location
- Columbus McKinnon Corporation
- 205 Crosspoint Parkway
- Getzville
- New York
- 14068
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CMCO | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 1996 |
| VC3 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1996 |
Biography
Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, rigging tools, digital power control systems, motion control products, and other technologies and systems for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys. The company also provides alloy and carbon steel chains; alloy chains under the Herc-Alloy brand; load chains and carbon steel welded-link chains; alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, Hammerloks, and master links; and carbon steel forged and stamped products, such as load binders, logging tools, and other securing devices. In addition, it offers power and motion control systems, which comprise AC and DC drive systems, radio remote controls, push button pendant stations, brakes, collision avoidance, and power delivery subsystems, as well as AC and DC digital motion control systems for underground coal mining equipment; industrial components, including mechanical and electromechanical actuators and rotary unions; and DC high-performance elevator drives, AC drives, and regenerative controls. Further, the company offers automated workstation crane under the ProPath brand name. Columbus McKinnon Corporation distributes its products through its sales force and independent distributors. The company was founded in 1875 and is headquartered in Getzville, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/30 09:20 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.