Columbus McKinnon
Market Cap
US$926.8m
Last Updated
2020/12/02 23:58 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
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 +/- 6% a week.
Volatility Over Time: CMCO's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
1.4%
CMCO
-2.0%
US Machinery
0.7%
US Market
1 Year Return
-4.4%
CMCO
19.6%
US Machinery
22.2%
US Market
Return vs Industry: CMCO underperformed the US Machinery industry which returned 20.7% over the past year.
Return vs Market: CMCO underperformed the US Market which returned 22.7% over the past year.
Shareholder returns
| CMCO | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | -2.0% | 0.7% |
| 30 Day | 12.2% | 10.1% | 11.8% |
| 90 Day | 3.4% | 14.2% | 8.6% |
| 1 Year | -3.7%-4.4% | 22.8%19.6% | 25.0%22.2% |
| 3 Year | 0.1%-1.7% | 31.1%21.6% | 49.4%39.5% |
| 5 Year | 101.2%94.6% | 130.7%104.9% | 100.2%78.1% |
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
2 weeks ago | Simply Wall St
Our Take On The Returns On Capital At Columbus McKinnon (NASDAQ:CMCO)3 weeks ago | Simply Wall St
Have Columbus McKinnon Corporation (NASDAQ:CMCO) Insiders Been Selling Their Stock?1 month ago | Simply Wall St
Is Columbus McKinnon (NASDAQ:CMCO) A Risky Investment?Valuation
Is Columbus McKinnon undervalued compared to its fair value and its price relative to the market?
52.92x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CMCO ($38.78) is trading above our estimate of fair value ($18.01)
Significantly Below Fair Value: CMCO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CMCO is poor value based on its PE Ratio (52.9x) compared to the US Machinery industry average (29.2x).
PE vs Market: CMCO is poor value based on its PE Ratio (52.9x) compared to the US market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: CMCO is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: CMCO is good value based on its PB Ratio (1.9x) compared to the US Machinery industry average (2.7x).
Next Steps
Future Growth
How is Columbus McKinnon forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
144.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMCO's forecast earnings growth (144.3% per year) is above the savings rate (2.2%).
Earnings vs Market: CMCO's earnings (144.3% per year) are forecast to grow faster than the US market (21.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CMCO's revenue (9.1% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: CMCO's revenue (9.1% 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?
26.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMCO has a large one-off loss of $6.0M impacting its September 30 2020 financial results.
Growing Profit Margin: CMCO's current net profit margins (2.5%) are lower than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: CMCO's earnings have grown significantly by 26% 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 (-67.9%) over the past year, making it difficult to compare to the Machinery industry average (-15.4%).
Return on Equity
High ROE: CMCO's Return on Equity (3.6%) 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 ($409.3M) exceed its short term liabilities ($155.9M).
Long Term Liabilities: CMCO's short term assets ($409.3M) do not cover its long term liabilities ($496.1M).
Debt to Equity History and Analysis
Debt Level: CMCO's debt to equity ratio (60.9%) is considered high.
Reducing Debt: CMCO's debt to equity ratio has reduced from 107.6% to 60.9% over the past 5 years.
Debt Coverage: CMCO's debt is well covered by operating cash flow (39.6%).
Interest Coverage: CMCO's interest payments on its debt are well covered by EBIT (3.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Columbus McKinnon current dividend yield, its reliability and sustainability?
0.62%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CMCO's dividend (0.62%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: CMCO's dividend (0.62%) is low compared to the top 25% of dividend payers in the US market (4.14%).
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?
3.9yrs
Average management tenure
CEO
David Wilson (51 yo)
0.50
Tenure
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| VP of Finance | 9.33yrs | US$1.46m | 0.17% $ 1.6m | |
| VP of Corporate Development | 9.92yrs | US$1.12m | 0.048% $ 442.8k | |
| Vice President of Crane Solutions | 3.92yrs | US$1.11m | 0.11% $ 979.6k | |
| President | 0.50yr | no data | 0.052% $ 478.3k | |
| Director of Global Marketing | no data | no data | no data | |
| Vice President of Engineered Products | 1.75yrs | no data | 0.0061% $ 56.3k |
3.9yrs
Average Tenure
59.5yo
Average Age
Experienced Management: CMCO's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.50yr | no data | 0.052% $ 478.3k | |
| Independent Chairman of the Board | 2.42yrs | US$307.76k | 0.26% $ 2.4m | |
| Independent Director | 13.92yrs | US$186.27k | 0.20% $ 1.9m | |
| Independent Director | 3.17yrs | US$186.20k | 0.028% $ 255.7k | |
| Independent Director | 2.58yrs | US$186.20k | 0.028% $ 255.7k | |
| Independent Director | 5.58yrs | US$206.27k | 0.081% $ 754.0k | |
| Independent Director | 12.08yrs | US$201.27k | 0.19% $ 1.7m | |
| Independent Director | 0.75yr | no data | 0.0038% $ 34.9k |
2.9yrs
Average Tenure
60.5yo
Average Age
Experienced Board: CMCO's board of directors are not considered experienced ( 2.9 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: CMCO insiders have only sold shares 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$926.798m
- Shares outstanding: 23.90m
- 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 | 2020/12/02 23:58 |
| End of Day Share Price | 2020/12/02 00:00 |
| Earnings | 2020/09/30 |
| 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.