Columbus McKinnon
Market Cap
US$943.9m
Last Updated
2019/12/08 23:33 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
Snowflake Analysis
Very undervalued with solid track record.
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
2.3%
CMCO
0.09%
US Machinery
0.3%
US Market
1 Year Return
33.4%
CMCO
21.3%
US Machinery
18.5%
US Market
Return vs Industry: CMCO exceeded the US Machinery industry which returned 21.3% over the past year.
Return vs Market: CMCO exceeded the US Market which returned 18.5% over the past year.
Shareholder returns
| CMCO | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | 0.09% | 0.3% |
| 30 Day | 6.7% | -1.0% | 1.5% |
| 90 Day | 12.0% | 9.6% | 5.7% |
| 1 Year | 34.3%33.4% | 23.6%21.3% | 21.1%18.5% |
| 3 Year | 58.6%56.0% | 39.8%30.9% | 45.9%36.4% |
| 5 Year | 69.8%64.2% | 69.9%49.8% | 71.4%52.5% |
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
1 month ago | Simply Wall St
Is Columbus McKinnon Corporation's (NASDAQ:CMCO) CEO Paid At A Competitive Rate?1 month ago | Simply Wall St
With EPS Growth And More, Columbus McKinnon (NASDAQ:CMCO) Is Interesting1 month ago | Simply Wall St
Is It Too Late To Consider Buying Columbus McKinnon Corporation (NASDAQ:CMCO)?Valuation
Is Columbus McKinnon undervalued compared to its fair value and its price relative to the market?
48.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CMCO ($42.03) is trading below our estimate of fair value ($80.98)
Significantly Below Fair Value: CMCO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CMCO is good value based on its PE Ratio (18.2x) compared to the Machinery industry average (22.1x).
PE vs Market: CMCO is good value based on its PE Ratio (18.2x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: CMCO is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: CMCO is good value based on its PB Ratio (2.1x) compared to the US Machinery industry average (2.5x).
Next Steps
Future Growth
How is Columbus McKinnon forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
19.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMCO's forecast earnings growth (19.4% per year) is above the savings rate (1.7%).
Earnings vs Market: CMCO's earnings (19.4% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: CMCO's earnings are forecast to grow, but not significantly.
Revenue vs Market: CMCO's revenue (0.6% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: CMCO's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CMCO's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Columbus McKinnon performed over the past 5 years?
10.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMCO has high quality earnings.
Growing Profit Margin: CMCO's current net profit margins (6.3%) are higher than last year (2.5%).
Past Earnings Growth Analysis
Earnings Trend: CMCO's earnings have grown by 10.8% per year over the past 5 years.
Accelerating Growth: CMCO's earnings growth over the past year (151.6%) exceeds its 5-year average (10.8% per year).
Earnings vs Industry: CMCO earnings growth over the past year (151.6%) exceeded the Machinery industry 13.5%.
Return on Equity
High ROE: CMCO's Return on Equity (11.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Columbus McKinnon's financial position?
Financial Position Analysis
Short Term Liabilities: CMCO's short term assets ($361.1M) exceed its short term liabilities ($209.1M).
Long Term Liabilities: CMCO's short term assets ($361.1M) do not cover its long term liabilities ($398.5M).
Debt to Equity History and Analysis
Debt Level: CMCO's debt to equity ratio (60.6%) is considered high.
Reducing Debt: CMCO's debt to equity ratio has increased from 49.2% to 60.6% over the past 5 years.
Debt Coverage: CMCO's debt is well covered by operating cash flow (31.9%).
Interest Coverage: CMCO's interest payments on its debt are well covered by EBIT (6.6x coverage).
Balance Sheet
Inventory Level: CMCO has a high level of physical assets or inventory.
Debt Coverage by Assets: CMCO's debt is covered by short term assets (assets are 1.3x debt).
Next Steps
Dividend
What is Columbus McKinnon's current dividend yield, its reliability and sustainability?
0.57%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CMCO's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: CMCO's dividend (0.57%) is low compared to the top 25% of dividend payers in the US market (3.7%).
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
What is the CEO of Columbus McKinnon's salary, the management and board of directors tenure and is there insider trading?
2.9yrs
Average management tenure
CEO
Mark Morelli (55yo)
2.8yrs
Tenure
US$3,599,678
Compensation
Mr. Mark D. Morelli has been the Chief Executive Officer and President of Columbus McKinnon Corporation since February 28, 2017. Mr. Morelli served as an Executive in Residence at Battery Ventures. Mr. Mor ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD3.60M) is above average for companies of similar size in the US market ($USD2.63M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.9yrs
Average Tenure
58yo
Average Age
Experienced Management: CMCO's management team is considered experienced (2.9 years average tenure).
Board Age and Tenure
2.8yrs
Average Tenure
63yo
Average Age
Experienced Board: CMCO's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: CMCO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Other Key Executive Vice President of Industrial Products |
| Shares | 6,989 |
| Max Price | US$39.64 |
| Entity | Individual |
| Role | Other Key Executive Vice President of Crane Solutions |
| Shares | 20,609 |
| Max Price | US$38.88 |
| Entity | Individual |
| Role | Other Key Executive Vice President of Crane Solutions |
| Shares | 9,700 |
| Max Price | US$38.75 |
| Entity | Individual |
| Role | Other Key Executive Vice President of Crane Solutions |
| Shares | 5,990 |
| Max Price | US$36.76 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Peter McCormick (59yo)
Vice President of Crane Solutions
- Tenure: 2.9yrs
- Compensation: US$1.08m
Mark Morelli (55yo)
President
- Tenure: 2.8yrs
- Compensation: US$3.60m
Alan Korman (58yo)
VP of Corporate Development
- Tenure: 8.9yrs
- Compensation: US$1.02m
Greg Rustowicz (59yo)
VP of Finance
- Tenure: 8.3yrs
- Compensation: US$1.38m
Kurt Wozniak (55yo)
Vice President of Industrial Products
- Tenure: 9.4yrs
- Compensation: US$1.04m
Bert Brant (58yo)
Vice President of Global Manufacturing Operations
- Tenure: 1.8yrs
Mark Paradowski (49yo)
Vice President of Information Services
- Tenure: 6.4yrs
Mario Ramos
Vice President of Global Product Development
- Tenure: 1.5yrs
Appal Chintapalli
Vice President of Engineered Products
- Tenure: 0.8yrs
Board Members
R. Trumbull (70yo)
Independent Director
- Tenure: 5.9yrs
- Compensation: US$196.53k
Rick Fleming (72yo)
Independent Chairman of the Board
- Tenure: 1.4yrs
- Compensation: US$236.53k
Ernie Verebelyi (71yo)
Chairman Emeritus
- Tenure: 1.4yrs
- Compensation: US$176.53k
Nicholas Pinchuk (72yo)
Independent Director
- Tenure: 12.9yrs
- Compensation: US$176.53k
Kathy Roedel (58yo)
Independent Director
- Tenure: 2.2yrs
- Compensation: US$176.53k
Aziz Aghili (60yo)
Independent Director
- Tenure: 1.6yrs
- Compensation: US$176.53k
Heath Mitts (48yo)
Independent Director
- Tenure: 4.6yrs
- Compensation: US$196.53k
Mark Morelli (55yo)
President
- Tenure: 2.8yrs
- Compensation: US$3.60m
Liam McCarthy (63yo)
Independent Director
- Tenure: 11.1yrs
- Compensation: US$191.53k
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$943.896m
- Shares outstanding: 23.67m
- 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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/08 23:33 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.