NYSE:B

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Executive Summary

Barnes Group Inc. provides engineered products, industrial technologies, and innovative solutions in the United States and internationally. More Details


Snowflake Analysis

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has Barnes Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: B is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: B's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

7.6%

B

1.7%

US Machinery

2.1%

US Market


1 Year Return

-19.4%

B

18.2%

US Machinery

19.8%

US Market

Return vs Industry: B underperformed the US Machinery industry which returned 18.2% over the past year.

Return vs Market: B underperformed the US Market which returned 19.7% over the past year.


Shareholder returns

BIndustryMarket
7 Day7.6%1.7%2.1%
30 Day28.8%13.7%8.1%
90 Day20.8%15.2%6.0%
1 Year-18.2%-19.4%21.3%18.2%22.5%19.8%
3 Year-23.5%-26.2%31.2%21.8%46.5%36.8%
5 Year37.8%29.8%127.2%101.8%96.9%75.3%

Long-Term Price Volatility Vs. Market

How volatile is Barnes Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Barnes Group undervalued compared to its fair value and its price relative to the market?

28.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: B ($48.91) is trading above our estimate of fair value ($27.89)

Significantly Below Fair Value: B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: B is good value based on its PE Ratio (28.7x) compared to the US Machinery industry average (29.8x).

PE vs Market: B is poor value based on its PE Ratio (28.7x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: B is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: B is good value based on its PB Ratio (1.9x) compared to the US Machinery industry average (2.8x).


Next Steps

Future Growth

How is Barnes Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

29.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: B's forecast earnings growth (29.8% per year) is above the savings rate (2.2%).

Earnings vs Market: B's earnings (29.8% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: B's revenue (5.6% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: B's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: B's Return on Equity is forecast to be low in 3 years time (8.5%).


Next Steps

Past Performance

How has Barnes Group performed over the past 5 years?

1.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B has high quality earnings.

Growing Profit Margin: B's current net profit margins (7.2%) are lower than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: B's earnings have grown by 1% per year over the past 5 years.

Accelerating Growth: B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: B had negative earnings growth (-44.5%) over the past year, making it difficult to compare to the Machinery industry average (-15.6%).


Return on Equity

High ROE: B's Return on Equity (6.6%) is considered low.


Next Steps

Financial Health

How is Barnes Group's financial position?


Financial Position Analysis

Short Term Liabilities: B's short term assets ($648.7M) exceed its short term liabilities ($317.2M).

Long Term Liabilities: B's short term assets ($648.7M) do not cover its long term liabilities ($985.2M).


Debt to Equity History and Analysis

Debt Level: B's debt to equity ratio (53.8%) is considered high.

Reducing Debt: B's debt to equity ratio has increased from 41.5% to 53.8% over the past 5 years.

Debt Coverage: B's debt is well covered by operating cash flow (35.6%).

Interest Coverage: B's interest payments on its debt are well covered by EBIT (10.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Barnes Group current dividend yield, its reliability and sustainability?

1.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: B's dividend (1.31%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: B's dividend (1.31%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: B's dividends per share have been stable in the past 10 years.

Growing Dividend: B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.6%), B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: B's dividends in 3 years are forecast to be well covered by earnings (33.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Patrick Dempsey (56 yo)

7.67yrs

Tenure

US$8,254,192

Compensation

Mr. Patrick J. Dempsey has been the Chief Executive Officer and President of Barnes Group Inc. since March 01, 2013. Mr. Dempsey served as the Chief Operating Officer and Senior Vice President of Barnes Gr...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD8.25M) is above average for companies of similar size in the US market ($USD5.15M).

Compensation vs Earnings: Patrick's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Dempsey
President7.67yrsUS$8.25m0.73%
$ 18.2m
Christopher Stephens
Senior VP of Finance & CFO11.83yrsUS$2.08m0.20%
$ 5.0m
Patrick Hurley
Senior VP & CTO1.75yrsUS$1.97m0.0018%
$ 44.8k
Michael Beck
Senior Vice President4.67yrsUS$1.41m0.052%
$ 1.3m
Marian Acker
VP, Controller & Principal Accounting Officerno datano data0.049%
$ 1.2m
William Pitts
Director of Investor Relations9.58yrsno datano data
James Pelletier
Senior VP0.58yrno data0.0028%
$ 70.1k
Lukas Hovorka
Vice President of Corporate Developmentno datano datano data
Dawn Edwards
Senior Vice President of Human Resources11.25yrsUS$989.58k0.17%
$ 4.1m
Stephen Moule
Senior Vice President0.92yrno datano data
Michael Kennedy
Vice President of Tax and Treasury4.67yrsno datano data

4.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: B's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Dempsey
President7.67yrsUS$8.25m0.73%
$ 18.2m
Richard Hipple
Independent Director2.92yrsUS$202.99k0.016%
$ 401.6k
Thomas Barnes
Independent Chairman of the Board25.83yrsUS$315.53k6.04%
$ 149.6m
Mylle Bell Mangum
Independent Director18.83yrsUS$219.69k0.020%
$ 500.6k
Thomas Hook
Independent Director4.5yrsUS$202.99k0.015%
$ 365.2k
William Morgan
Independent Director14.08yrsUS$220.69k0.087%
$ 2.2m
Hassell McClellan
Lead Independent Directorno dataUS$216.19k0.035%
$ 873.4k
Daphne Jones
Independent Director1.17yrsUS$76.04k0.0017%
$ 41.1k
Hans-Peter Männer
Independent Director4.08yrsUS$199.99k0.80%
$ 19.9m
JoAnna Sohovich
Independent Director6.5yrsUS$201.49k0.024%
$ 588.0k
Elijah Barnes
Independent Director4.83yrsUS$199.99k0.086%
$ 2.1m
Anthony Nicolosi
Independent Director3.5yrsUS$201.49k0.0096%
$ 236.9k

4.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: B's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: B insiders have sold more shares than they have bought 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

Barnes Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Barnes Group Inc.
  • Ticker: B
  • Exchange: NYSE
  • Founded: 1857
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$2.476b
  • Shares outstanding: 50.62m
  • Website: https://www.barnesgroupinc.com

Number of Employees


Location

  • Barnes Group Inc.
  • 123 Main Street
  • Bristol
  • Connecticut
  • 06010-6376
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
BG4DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

Barnes Group Inc. provides engineered products, industrial technologies, and innovative solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospa...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 23:53
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.