| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
WWD Overview
Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide.
Woodward Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$115.37 |
| 52 Week High | US$74.34 |
| 52 Week Low | US$130.75 |
| Beta | 1.73 |
| 1 Month Change | -5.23% |
| 3 Month Change | -6.75% |
| 1 Year Change | 52.83% |
| 3 Year Change | 42.70% |
| 5 Year Change | 87.32% |
| Change since IPO | 2,942.73% |
Recent News & Updates
Is Woodward (NASDAQ:WWD) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Is There Now An Opportunity In Woodward, Inc. (NASDAQ:WWD)?
Woodward, Inc. ( NASDAQ:WWD ), might not be a large cap stock, but it received a lot of attention from a substantial...
The Benefits Of Buying Woodward
Woodward is an advanced aerospace supplier with content in all major programs - both commercial and defense. The company has great financials and is set to reach pre-COVID levels in 2023. On top of that, investors are in a great spot to benefit from significant long-term dividend growth. The company has both the ability to acquire companies and characteristics that make it a suitable takeover target for larger players in the industry.
Shareholder Returns
| WWD | US Machinery | US Market | |
|---|---|---|---|
| 7D | -2.2% | -0.7% | -0.5% |
| 1Y | 52.8% | 39.0% | 37.5% |
Return vs Industry: WWD exceeded the US Machinery industry which returned 37% over the past year.
Return vs Market: WWD exceeded the US Market which returned 36.2% over the past year.
Price Volatility
| WWD volatility | |
|---|---|
| WWD Beta | 1.73 |
| Industry Beta | 1.25 |
| Market Beta | 1 |
Stable Share Price: WWD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: WWD's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1870 | 7,248 | Tom Gendron | https://www.woodward.com |
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 segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, and motors and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
Woodward Fundamentals Summary
| WWD fundamental statistics | |
|---|---|
| Market Cap | US$7.32b |
| Earnings (TTM) | US$215.98m |
| Revenue (TTM) | US$2.21b |
33.7x
P/E Ratio3.3x
P/S RatioIs WWD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WWD income statement (TTM) | |
|---|---|
| Revenue | US$2.21b |
| Cost of Revenue | US$1.67b |
| Gross Profit | US$541.06m |
| Expenses | US$325.08m |
| Earnings | US$215.98m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.43 |
| Gross Margin | 24.52% |
| Net Profit Margin | 9.79% |
| Debt/Equity Ratio | 36.4% |
How did WWD perform over the long term?
See historical performance and comparisonDividends
0.5%
Current Dividend Yield14%
Payout RatioValuation
Is Woodward undervalued compared to its fair value and its price relative to the market?
33.68x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WWD ($115.37) is trading above our estimate of fair value ($83.39)
Significantly Below Fair Value: WWD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WWD is poor value based on its PE Ratio (33.7x) compared to the US Machinery industry average (29x).
PE vs Market: WWD is poor value based on its PE Ratio (33.7x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: WWD is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: WWD is overvalued based on its PB Ratio (3.3x) compared to the US Machinery industry average (2.7x).
Future Growth
How is Woodward forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
20.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WWD's forecast earnings growth (20% per year) is above the savings rate (2%).
Earnings vs Market: WWD's earnings (20% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: WWD's earnings are forecast to grow, but not significantly.
Revenue vs Market: WWD's revenue (10.4% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: WWD's revenue (10.4% 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 WWD's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Woodward performed over the past 5 years?
6.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WWD has high quality earnings.
Growing Profit Margin: WWD's current net profit margins (9.8%) are higher than last year (9.3%).
Past Earnings Growth Analysis
Earnings Trend: WWD's earnings have grown by 6.7% 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 (-13.6%) over the past year, making it difficult to compare to the Machinery industry average (22.1%).
Return on Equity
High ROE: WWD's Return on Equity (9.8%) is considered low.
Financial Health
How is Woodward's financial position?
Financial Position Analysis
Short Term Liabilities: WWD's short term assets ($1.4B) exceed its short term liabilities ($340.6M).
Long Term Liabilities: WWD's short term assets ($1.4B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: WWD's debt to equity ratio (36.4%) is considered satisfactory.
Reducing Debt: WWD's debt to equity ratio has reduced from 67.7% to 36.4% over the past 5 years.
Debt Coverage: WWD's debt is well covered by operating cash flow (56.8%).
Interest Coverage: WWD's interest payments on its debt are well covered by EBIT (9.3x coverage).
Balance Sheet
Dividend
What is Woodward current dividend yield, its reliability and sustainability?
0.49%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WWD's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: WWD's dividend (0.49%) is low compared to the top 25% of dividend payers in the US market (3.63%).
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?
2.0yrs
Average management tenure
CEO
Tom Gendron (60 yo)
16.17yrs
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 ($USD6.46M).
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 years average tenure).
Board Members
Experienced Board: WWD's board of directors are seasoned and experienced ( 10 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WWD 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 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$7.324b
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/23 22:56 |
| End of Day Share Price | 2021/09/23 00:00 |
| Earnings | 2021/06/30 |
| 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.