BWX Technologies
Market Cap
US$4.5b
Last Updated
2020/03/29 00:58 UTC
Data Sources
Company Financials +
Executive Summary
BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with mediocre balance sheet.
Similar Companies
Share Price & News
How has BWX Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BWXT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
10.2%
BWXT
17.2%
US Aerospace & Defense
9.9%
US Market
1 Year Return
-4.9%
BWXT
-9.0%
US Aerospace & Defense
-11.9%
US Market
Return vs Industry: BWXT exceeded the US Aerospace & Defense industry which returned -9% over the past year.
Return vs Market: BWXT exceeded the US Market which returned -11.9% over the past year.
Shareholder returns
| BWXT | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.2% | 17.2% | 9.9% |
| 30 Day | -14.0% | -17.2% | -15.0% |
| 90 Day | -24.7% | -24.1% | -21.5% |
| 1 Year | -3.6%-4.9% | -7.4%-9.0% | -10.0%-11.9% |
| 3 Year | 2.5%-0.9% | 10.1%4.2% | 12.3%5.1% |
| 5 Year | 119.7%49.1% | 41.2%27.9% | 32.5%18.1% |
Price Volatility Vs. Market
How volatile is BWX Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Who Has Been Selling BWX Technologies, Inc. (NYSE:BWXT) Shares?2 weeks ago | Simply Wall St
What Is BWX Technologies's (NYSE:BWXT) P/E Ratio After Its Share Price Tanked?2 weeks ago | Simply Wall St
Would BWX Technologies, Inc. (NYSE:BWXT) Be Valuable To Income Investors?Valuation
Is BWX Technologies undervalued compared to its fair value and its price relative to the market?
29.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BWXT ($47.17) is trading below our estimate of fair value ($66.67)
Significantly Below Fair Value: BWXT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BWXT is poor value based on its PE Ratio (18.4x) compared to the Aerospace & Defense industry average (15x).
PE vs Market: BWXT is poor value based on its PE Ratio (18.4x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: BWXT is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: BWXT is overvalued based on its PB Ratio (11.1x) compared to the US Aerospace & Defense industry average (1.8x).
Next Steps
Future Growth
How is BWX Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
8.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BWXT's forecast earnings growth (8.7% per year) is above the savings rate (1.7%).
Earnings vs Market: BWXT's earnings (8.7% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: BWXT's earnings are forecast to grow, but not significantly.
Revenue vs Market: BWXT's revenue (5.7% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: BWXT's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BWXT's Return on Equity is forecast to be high in 3 years time (38.3%)
Next Steps
Past Performance
How has BWX Technologies performed over the past 5 years?
21.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BWXT has high quality earnings.
Growing Profit Margin: BWXT's current net profit margins (12.9%) are higher than last year (12.6%).
Past Earnings Growth Analysis
Earnings Trend: BWXT's earnings have grown significantly by 21.4% per year over the past 5 years.
Accelerating Growth: BWXT's earnings growth over the past year (7.6%) is below its 5-year average (21.4% per year).
Earnings vs Industry: BWXT earnings growth over the past year (7.6%) exceeded the Aerospace & Defense industry 3.8%.
Return on Equity
High ROE: Whilst BWXT's Return on Equity (60.55%) is outstanding, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is BWX Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: BWXT's short term assets ($629.8M) exceed its short term liabilities ($404.7M).
Long Term Liabilities: BWXT's short term assets ($629.8M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: BWXT's debt to equity ratio (203.9%) is considered high.
Reducing Debt: BWXT's debt to equity ratio has increased from 29.6% to 203.9% over the past 5 years.
Debt Coverage: BWXT's debt is well covered by operating cash flow (33.9%).
Interest Coverage: BWXT's interest payments on its debt are well covered by EBIT (9.2x coverage).
Balance Sheet
Inventory Level: BWXT has a high level of physical assets or inventory.
Debt Coverage by Assets: BWXT's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is BWX Technologies's current dividend yield, its reliability and sustainability?
1.61%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BWXT's dividend (1.61%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: BWXT's dividend (1.61%) is low compared to the top 25% of dividend payers in the US market (5.49%).
Stability and Growth of Payments
Stable Dividend: BWXT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BWXT's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.6%), BWXT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BWXT's dividends in 3 years are forecast to be well covered by earnings (26.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Rex Geveden (57yo)
3.17s
Tenure
US$5,041,508
Compensation
Mr. Rex D. Geveden has been the Chief Executive Officer and President at BWX Technologies, Inc. since January 1, 2017 and served as its Chief Operating Officer from October 26, 2015 to December 2016. Mr. G ...
CEO Compensation Analysis
Compensation vs Market: Rex's total compensation ($USD5.04M) is about average for companies of similar size in the US market ($USD5.56M).
Compensation vs Earnings: Rex's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.17yrs | US$5.04m | 0.11% $5.0m | |
| Senior VP | 4.75yrs | US$1.90m | 0.089% $4.0m | |
| Senior VP & Chief Administration Officer | no data | US$1.13m | 0.021% $944.7k | |
| Senior VP | 1.67yrs | US$1.59m | 0.0049% $218.8k | |
| President of Nuclear Operations Group | 1.75yrs | US$1.41m | 0.023% $1.0m | |
| VP & Chief Accounting Officer | 4.75yrs | no data | 0.0089% $401.6k | |
| Senior VP & CTO | 3.17yrs | no data | no data | |
| Director of Investor Relations | 1.17yrs | no data | no data | |
| President of Nuclear Services Group | 2.33yrs | no data | no data | |
| President of Nuclear Power Group | 3yrs | no data | no data |
3.0yrs
Average Tenure
57yo
Average Age
Experienced Management: BWXT's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.17yrs | US$5.04m | 0.11% $5.0m | |
| Independent Director | 1.58yrs | US$209.98k | no data | |
| Lead Independent Director | 2.17yrs | US$234.98k | 0.0058% $261.9k | |
| Independent Director | 6yrs | US$209.98k | no data | |
| Non-Executive Chairman | 9.67yrs | US$311.38k | 0.099% $4.4m | |
| Independent Director | 3.5yrs | US$224.98k | 0.0095% $424.9k | |
| Independent Director | 6.75yrs | US$236.88k | 0.015% $674.7k | |
| Independent Director | 3.5yrs | US$224.98k | no data | |
| Former Lead Independent Director | 3.5yrs | US$209.98k | no data | |
| Independent Director | 4.67yrs | US$209.98k | no data |
3.5yrs
Average Tenure
60.5yo
Average Age
Experienced Board: BWXT's board of directors are considered experienced (3.5 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
BWX Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: BWX Technologies, Inc.
- Ticker: BWXT
- Exchange: NYSE
- Founded: 1867
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: US$4.492b
- Shares outstanding: 95.23m
- Website: https://www.bwxt.com
Number of Employees
Location
- BWX Technologies, Inc.
- 800 Main Street
- 4th Floor
- Lynchburg
- Virginia
- 24504
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BWXT | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 2010 |
| 4BW | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2010 |
Biography
BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications. It also provides missile launch tubes for the United States Navy submarines; converts high-enriched uranium into low-enriched fuel for use in commercial reactors to generate electricity; and receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials. Its Nuclear Services Group segment provides nuclear materials processing, environmental site restoration, and management and operating services for the United States government-owned facilities; develops technology for advanced nuclear power sources application and customized tooling solutions; designs, engineers, licenses, and manufactures reactors; and inspects and services steam generators, heat exchangers, and balance of plants; and provides high pressure water lancing and non-destructive examination services, and nuclear fuel. Its Nuclear Power Group segment offers commercial nuclear steam generators, heat exchangers, pressure vessels, reactor components, and containers; nuclear fuel, fuel handling systems, tooling delivery systems, and related services, as well as engineering and in-plant services for nuclear power plants; and medical radioisotopes and radiopharmaceuticals. It also designs, manufactures, commissions, and services nuclear power generation equipment. The company was formerly known as The Babcock & Wilcox Company and changed its name to BWX Technologies, Inc. in June 2015. The company was founded in 1867 and is headquartered in Lynchburg, Virginia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/29 00:58 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.