Woodward
Market Cap
US$7.7b
Last Updated
2021/04/17 23:11 UTC
Data Sources
Company Financials +
Executive Summary
Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. More Details
Snowflake Analysis
Adequate balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has Woodward's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WWD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: WWD's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.8%
WWD
1.1%
US Machinery
1.3%
US Market
1 Year Return
114.7%
WWD
88.6%
US Machinery
53.9%
US Market
Return vs Industry: WWD exceeded the US Machinery industry which returned 88.6% over the past year.
Return vs Market: WWD exceeded the US Market which returned 53.9% over the past year.
Shareholder returns
| WWD | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.8% | 1.1% | 1.3% |
| 30 Day | 1.8% | 1.3% | 5.3% |
| 90 Day | 0.7% | 13.3% | 8.9% |
| 1 Year | 115.7%114.7% | 93.2%88.6% | 56.6%53.9% |
| 3 Year | 68.3%65.2% | 61.7%50.2% | 64.4%53.6% |
| 5 Year | 132.8%125.2% | 158.7%132.4% | 120.4%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is Woodward's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall St
Should You Use Woodward's (NASDAQ:WWD) Statutory Earnings To Analyse It?8 months ago | Simply Wall St
The Woodward (NASDAQ:WWD) Share Price Has Gained 65% And Shareholders Are Hoping For More9 months ago | Simply Wall St
Is Woodward (NASDAQ:WWD) Using Too Much Debt?Valuation
Is Woodward undervalued compared to its fair value and its price relative to the market?
33.8x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WWD ($123.67) is trading above our estimate of fair value ($88.76)
Significantly Below Fair Value: WWD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WWD is good value based on its PE Ratio (33.8x) compared to the US Machinery industry average (35.8x).
PE vs Market: WWD is poor value based on its PE Ratio (33.8x) compared to the US market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: WWD is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: WWD is overvalued based on its PB Ratio (3.8x) compared to the US Machinery industry average (3.3x).
Future Growth
How is Woodward forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
21.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WWD's forecast earnings growth (21.3% per year) is above the savings rate (2%).
Earnings vs Market: WWD's earnings (21.3% per year) are forecast to grow faster than the US market (18% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WWD's revenue (8.4% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: WWD's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WWD's Return on Equity is forecast to be low in 3 years time (12%).
Past Performance
How has Woodward performed over the past 5 years?
9.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WWD has high quality earnings.
Growing Profit Margin: WWD's current net profit margins (9.9%) are higher than last year (8.9%).
Past Earnings Growth Analysis
Earnings Trend: WWD's earnings have grown by 9.6% per year over the past 5 years.
Accelerating Growth: WWD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WWD had negative earnings growth (-13.4%) over the past year, making it difficult to compare to the Machinery industry average (-13.3%).
Return on Equity
High ROE: WWD's Return on Equity (11.1%) is considered low.
Financial Health
How is Woodward's financial position?
Financial Position Analysis
Short Term Liabilities: WWD's short term assets ($1.2B) exceed its short term liabilities ($328.1M).
Long Term Liabilities: WWD's short term assets ($1.2B) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: WWD's debt to equity ratio (40.1%) is considered high.
Reducing Debt: WWD's debt to equity ratio has reduced from 77.3% to 40.1% over the past 5 years.
Debt Coverage: WWD's debt is well covered by operating cash flow (56.6%).
Interest Coverage: WWD earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Woodward current dividend yield, its reliability and sustainability?
0.53%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WWD's dividend (0.53%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: WWD's dividend (0.53%) is low compared to the top 25% of dividend payers in the US market (3.46%).
Stability and Growth of Payments
Stable Dividend: WWD is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: WWD 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: WWD is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WWD'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?
2.2yrs
Average management tenure
CEO
Tom Gendron (59 yo)
15.75yrs
Tenure
US$4,943,049
Compensation
Mr. Thomas A. Gendron, also known as Tom, has been the President and Chief Executive Officer of Woodward, Inc. since July 1, 2005 and September 2002 respectively. Previously, Mr. Gendron served as Chief Op...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD4.94M) is about average for companies of similar size in the US market ($USD6.51M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: WWD's management team is considered experienced (2.2 years average tenure).
Board Members
Experienced Board: WWD's board of directors are considered experienced (9.6 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Woodward, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Woodward, Inc.
- Ticker: WWD
- Exchange: NasdaqGS
- Founded: 1870
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$7.726b
- Shares outstanding: 63.04m
- Website: https://www.woodward.com
Number of Employees
Location
- Woodward, Inc.
- 1081 Woodward Way
- Fort Collins
- Colorado
- 80524
- United States
Listings
Biography
Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segmen...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/17 23:11 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/09/30 |
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.