Park-Ohio Holdings
Market Cap
US$424.6m
Last Updated
2020/01/20 23:45 UTC
Data Sources
Company Financials +
Executive Summary
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with proven track record.
Similar Companies
Share Price & News
How has Park-Ohio Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PKOH has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.3%
PKOH
1.7%
US Machinery
1.7%
US Market
1 Year Return
11.6%
PKOH
18.6%
US Machinery
23.6%
US Market
Return vs Industry: PKOH underperformed the US Machinery industry which returned 22.4% over the past year.
Return vs Market: PKOH underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| PKOH | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.3% | 1.7% | 1.7% |
| 30 Day | 3.5% | 1.0% | 3.5% |
| 90 Day | 10.5% | 9.8% | 11.7% |
| 1 Year | 13.4%11.6% | 20.8%18.6% | 26.2%23.6% |
| 3 Year | -14.5%-18.0% | 46.2%36.8% | 53.2%43.3% |
| 5 Year | -33.8%-38.3% | 78.0%56.5% | 75.5%56.1% |
Price Volatility Vs. Market
How volatile is Park-Ohio Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is There An Opportunity With Park-Ohio Holdings Corp.'s (NASDAQ:PKOH) 47% Undervaluation?1 month ago | Simply Wall St
Is Park-Ohio Holdings Corp.'s (NASDAQ:PKOH) ROE Of 14% Impressive?1 month ago | Simply Wall St
Here's What Park-Ohio Holdings Corp.'s (NASDAQ:PKOH) P/E Ratio Is Telling UsValuation
Is Park-Ohio Holdings undervalued compared to its fair value and its price relative to the market?
45.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PKOH ($35.71) is trading below our estimate of fair value ($65.02)
Significantly Below Fair Value: PKOH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PKOH is good value based on its PE Ratio (9.5x) compared to the Machinery industry average (23.4x).
PE vs Market: PKOH is good value based on its PE Ratio (9.5x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: PKOH is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: PKOH is good value based on its PB Ratio (1.4x) compared to the US Machinery industry average (2.5x).
Next Steps
Future Growth
How is Park-Ohio Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
16.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PKOH's forecast earnings growth (16.9% per year) is above the savings rate (1.7%).
Earnings vs Market: PKOH's earnings (16.9% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: PKOH's earnings are forecast to grow, but not significantly.
Revenue vs Market: PKOH's revenue (4.7% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: PKOH's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PKOH's Return on Equity is forecast to be low in 3 years time (13.5%).
Next Steps
Past Performance
How has Park-Ohio Holdings performed over the past 5 years?
0.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PKOH has high quality earnings.
Growing Profit Margin: PKOH's current net profit margins (2.8%) are higher than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: PKOH's earnings have grown by 0.3% per year over the past 5 years.
Accelerating Growth: PKOH's earnings growth over the past year (2.7%) exceeds its 5-year average (0.3% per year).
Earnings vs Industry: PKOH earnings growth over the past year (2.7%) underperformed the Machinery industry 9.6%.
Return on Equity
High ROE: PKOH's Return on Equity (14.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Park-Ohio Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: PKOH's short term assets ($746.2M) exceed its short term liabilities ($319.5M).
Long Term Liabilities: PKOH's short term assets ($746.2M) exceed its long term liabilities ($666.0M).
Debt to Equity History and Analysis
Debt Level: PKOH's debt to equity ratio (167.8%) is considered high.
Reducing Debt: PKOH's debt to equity ratio has reduced from 196.4% to 167.8% over the past 5 years.
Debt Coverage: PKOH's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: PKOH's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
Inventory Level: PKOH has a high level of physical assets or inventory.
Debt Coverage by Assets: PKOH's debt is covered by short term assets (assets are 1.3x debt).
Next Steps
Dividend
What is Park-Ohio Holdings's current dividend yield, its reliability and sustainability?
1.44%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PKOH's dividend (1.4%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: PKOH's dividend (1.4%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PKOH has been paying a dividend for less than 10 years.
Growing Dividend: PKOH has only been paying a dividend for 6 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.3%), PKOH's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PKOH's dividends in 3 years are forecast to be thoroughly covered by earnings (10.3% payout ratio).
Next Steps
Management
What is the CEO of Park-Ohio Holdings's salary, the management and board of directors tenure and is there insider trading?
4.6yrs
Average management tenure
CEO
Matthew Crawford (49yo)
1.7yrs
Tenure
US$6,124,327
Compensation
Mr. Matthew V. Crawford is a Strategic Advisor, Founding Investor and Executive Advisor at Resilience Capital Partners LLC and focus on industrial sector. Mr. Crawford serves as President at Park-Ohio Hold ...
CEO Compensation Analysis
Compensation vs Market: Matthew's total compensation ($USD6.12M) is above average for companies of similar size in the US market ($USD1.70M).
Compensation vs Earnings: Matthew's compensation has increased by more than 20% in the past year.
Management Age and Tenure
4.6yrs
Average Tenure
58yo
Average Age
Experienced Management: PKOH's management team is considered experienced (4.6 years average tenure).
Board Age and Tenure
12.1yrs
Average Tenure
69.5yo
Average Age
Experienced Board: PKOH's board of directors are seasoned and experienced ( 12.1 years average tenure).
Insider Trading
Insider Buying: PKOH insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$33.46 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 12,651 |
| Max Price | US$33.41 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 5,000 |
| Max Price | US$33.30 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,000 |
| Max Price | US$27.10 |
| Entity | Individual |
| Role | Vice Chairman Vice Chairman & Lead Director |
| Shares | 2,500 |
| Max Price | US$27.65 |
| Entity | Individual |
| Shares | 4,000 |
| Max Price | US$31.41 |
| Entity | Individual |
| Shares | 7,581 |
| Max Price | US$31.00 |
| Entity | Individual |
| Shares | 12,532 |
| Max Price | US$30.38 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,195 |
| Max Price | US$33.07 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Matthew Crawford (49yo)
President
- Tenure: 1.7yrs
- Compensation: US$6.12m
Patrick Fogarty (58yo)
VP & CFO
- Tenure: 4.6yrs
- Compensation: US$1.32m
Robert Vilsack (58yo)
Chief Legal Officer
- Tenure: 18yrs
- Compensation: US$1.22m
Board Members
John Grampa (71yo)
Independent Director
- Tenure: 4.5yrs
- Compensation: US$176.23k
Matthew Crawford (49yo)
President
- Tenure: 1.7yrs
- Compensation: US$6.12m
Patrick Auletta (68yo)
Independent Director
- Tenure: 16yrs
- Compensation: US$158.23k
Dan Moore (79yo)
Independent Director
- Tenure: 16.7yrs
- Compensation: US$158.23k
Jim Wert (72yo)
Vice Chairman & Lead Director
- Tenure: 18yrs
- Compensation: US$177.23k
Steve Rosen (48yo)
Independent Director
- Tenure: 8.2yrs
- Compensation: US$166.23k
Ronna Romney (75yo)
Independent Director
- Tenure: 19yrs
- Compensation: US$167.23k
Hoby Hanna (47yo)
Independent Director
- Tenure: 1.3yrs
- Compensation: US$72.70k
Company Information
Park-Ohio Holdings Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Park-Ohio Holdings Corp.
- Ticker: PKOH
- Exchange: NasdaqGS
- Founded: 1907
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$424.641m
- Shares outstanding: 12.20m
- Website: https://www.pkoh.com
Number of Employees
Location
- Park-Ohio Holdings Corp.
- 6065 Parkland Boulevard
- Cleveland
- Ohio
- 44124
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PKOH | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Dec 1972 |
Biography
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. The company’s Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products. It also engineers and manufactures precision cold-formed and cold-extruded fasteners and other products, including locknuts, SPAC nuts, and wheel hardware. The company’s Assembly Components segment manufactures aluminum products, direct fuel injection fuel rails and pipes, fuel filler pipes, and flexible multi-layer plastic and rubber assemblies; turbo charging and coolant hoses; and fluid handling systems. It also offers machining services, as well as value-added services, such as design engineering, machining, and part assembly; and supplies aluminum components. The company’s Engineered Products segment designs and manufactures engineered products, including induction heating and melting systems, pipe threading systems, and forged and machined products primarily for ferrous and non-ferrous metals, silicon, coatings, forging, foundry, automotive, and construction equipment industries; engineers and installs mechanical forging presses; sells spare parts; provides field services; and offers aerospace and defense structural components, and railcar center plates and draft lugs. Park-Ohio Holdings Corp. was founded in 1907 and is headquartered in Cleveland, Ohio.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/20 23:45 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.