Columbus McKinnon
Market Cap
US$1.3b
Last Updated
2021/08/04 23:06 UTC
Data Sources
Company Financials +
Executive Summary
Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CMCO's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-2.7%
CMCO
1.7%
US Machinery
0.9%
US Market
1 Year Return
28.9%
CMCO
48.8%
US Machinery
34.7%
US Market
Return vs Industry: CMCO underperformed the US Machinery industry which returned 48.8% over the past year.
Return vs Market: CMCO underperformed the US Market which returned 34.7% over the past year.
Shareholder returns
| CMCO | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | 1.7% | 0.9% |
| 30 Day | -7.0% | 0.6% | 0.2% |
| 90 Day | -13.3% | -2.5% | 4.7% |
| 1 Year | 29.6%28.9% | 51.9%48.8% | 36.8%34.7% |
| 3 Year | 10.0%8.0% | 60.2%50.8% | 62.5%52.4% |
| 5 Year | 173.5%165.9% | 137.7%112.9% | 123.1%98.4% |
Long-Term 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
5 days ago | Simply Wall St
Is There Now An Opportunity In Columbus McKinnon Corporation (NASDAQ:CMCO)?3 weeks ago | Simply Wall St
Announcing: Columbus McKinnon (NASDAQ:CMCO) Stock Increased An Energizing 199% In The Last Five Years1 month ago | Simply Wall St
Is Columbus McKinnon Corporation (NASDAQ:CMCO) Popular Amongst Institutions?Valuation
Is Columbus McKinnon undervalued compared to its fair value and its price relative to the market?
17.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CMCO ($44.61) is trading below our estimate of fair value ($53.95)
Significantly Below Fair Value: CMCO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CMCO is poor value based on its PE Ratio (228.4x) compared to the US Machinery industry average (31.7x).
PE vs Market: CMCO is poor value based on its PE Ratio (228.4x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: CMCO is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: CMCO is good value based on its PB Ratio (1.7x) compared to the US Machinery industry average (2.8x).
Future Growth
How is Columbus McKinnon forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
63.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMCO's forecast earnings growth (63.7% per year) is above the savings rate (2%).
Earnings vs Market: CMCO's earnings (63.7% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CMCO's revenue (10.2% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: CMCO's revenue (10.2% 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
Past Performance
How has Columbus McKinnon performed over the past 5 years?
8.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMCO has a large one-off loss of $31.8M impacting its June 30 2021 financial results.
Growing Profit Margin: CMCO's current net profit margins (0.7%) are lower than last year (5.2%).
Past Earnings Growth Analysis
Earnings Trend: CMCO's earnings have grown by 8.6% per year over the past 5 years.
Accelerating Growth: CMCO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CMCO had negative earnings growth (-87.4%) over the past year, making it difficult to compare to the Machinery industry average (6.8%).
Return on Equity
High ROE: CMCO's Return on Equity (0.7%) is considered low.
Financial Health
How is Columbus McKinnon's financial position?
Financial Position Analysis
Short Term Liabilities: CMCO's short term assets ($382.2M) exceed its short term liabilities ($245.2M).
Long Term Liabilities: CMCO's short term assets ($382.2M) do not cover its long term liabilities ($611.0M).
Debt to Equity History and Analysis
Debt Level: CMCO's debt to equity ratio (63.8%) is considered high.
Reducing Debt: CMCO's debt to equity ratio has reduced from 86.8% to 63.8% over the past 5 years.
Debt Coverage: CMCO's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: CMCO's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
Dividend
What is Columbus McKinnon current dividend yield, its reliability and sustainability?
0.54%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CMCO's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.3%).
High Dividend: CMCO's dividend (0.54%) is low compared to the top 25% of dividend payers in the US market (3.54%).
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?
3.5yrs
Average management tenure
CEO
David Wilson (52 yo)
1.17yrs
Tenure
US$5,572,610
Compensation
Mr. David J. Wilson serves as President, Chief Executive Officer and Director at Columbus McKinnon Corporation since June 1, 2020. Mr. Wilson served as President of Flowserve Corporation Pumps Division fro...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD5.57M) is above average for companies of similar size in the US market ($USD3.69M).
Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.
Leadership Team
Experienced Management: CMCO's management team is considered experienced (3.5 years average tenure).
Board Members
Experienced Board: CMCO's board of directors are considered experienced (3.3 years average tenure).
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 been diluted in the past year, with total shares outstanding growing by 18.9%.
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$1.267b
- Shares outstanding: 28.40m
- Website: https://www.columbusmckinnon.com
Number of Employees
Location
- Columbus McKinnon Corporation
- 205 Crosspoint Parkway
- Buffalo
- New York
- 14068
- United States
Listings
Biography
Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/08/04 23:06 |
| End of Day Share Price | 2021/08/04 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/03/31 |
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.