CNM Stock Overview
Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States.
Core & Main Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$24.56|
|52 Week High||US$32.54|
|52 Week Low||US$20.00|
|1 Month Change||14.23%|
|3 Month Change||15.74%|
|1 Year Change||-6.08%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||3.63%|
Recent News & Updates
Core & Main acquires wastewater products firm based in Southern California
Core & Main (NYSE:CNM) stated Tuesday it has signed a definitive deal to acquire Inland Water Works Supply, a full-service distributor of water and wastewater products, based in Southern California. Financial terms of the transaction were not disclosed. "This strategic acquisition will allow us to better serve our combined customer base alongside a highly-experienced and cohesive team,” said CNM CEO Steve LeClair. Established in 1952, Inland Water Works Supply provides products for new water and sewer construction as well as for the maintenance and repair of existing water and sewer systems to municipalities and contractors throughout Southern California. Its facility is located in San Bernardino, California. Earlier: Core & Main GAAP EPS of $0.50 beats by $0.16, revenue of $1.59B beats by $190M
Core & Main, Inc.'s (NYSE:CNM) Intrinsic Value Is Potentially 68% Above Its Share Price
In this article we are going to estimate the intrinsic value of Core & Main, Inc. ( NYSE:CNM ) by taking the forecast...
|CNM||US Trade Distributors||US Market|
Return vs Industry: CNM underperformed the US Trade Distributors industry which returned 5.7% over the past year.
Return vs Market: CNM exceeded the US Market which returned -9.6% over the past year.
|CNM Average Weekly Movement||6.0%|
|Trade Distributors Industry Average Movement||6.6%|
|Market Average Movement||7.7%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: CNM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CNM's weekly volatility (6%) has been stable over the past year.
About the Company
Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, and other related products; fire protection products, including fire protection pipes, sprinkler heads and other devices, fire suppression systems, and related accessories, as well as fabrication services; and meter products, such as smart meter products, installation, software and other services. The company’s specialty products and services are used in the maintenance, repair, replacement, and construction of water and fire protection infrastructure.
Core & Main Fundamentals Summary
|CNM fundamental statistics|
Is CNM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CNM income statement (TTM)|
|Cost of Revenue||US$4.10b|
Last Reported Earnings
May 01, 2022
Next Earnings Date
|Earnings per share (EPS)||0.89|
|Net Profit Margin||2.69%|
How did CNM perform over the long term?See historical performance and comparison
Is CNM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CNM?
Other financial metrics that can be useful for relative valuation.
|What is CNM's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does CNM's PE Ratio compare to its peers?
|CNM PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SITE SiteOne Landscape Supply
WCC WESCO International
MSM MSC Industrial Direct
UNVR Univar Solutions
CNM Core & Main
Price-To-Earnings vs Peers: CNM is expensive based on its Price-To-Earnings Ratio (27.7x) compared to the peer average (14.5x).
Price to Earnings Ratio vs Industry
How does CNM's PE Ratio compare vs other companies in the US Trade Distributors Industry?
Price-To-Earnings vs Industry: CNM is expensive based on its Price-To-Earnings Ratio (27.7x) compared to the US Trade Distributors industry average (14.1x)
Price to Earnings Ratio vs Fair Ratio
What is CNM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||27.7x|
|Fair PE Ratio||22.6x|
Price-To-Earnings vs Fair Ratio: CNM is expensive based on its Price-To-Earnings Ratio (27.7x) compared to the estimated Fair Price-To-Earnings Ratio (22.6x).
Share Price vs Fair Value
What is the Fair Price of CNM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CNM ($24.56) is trading below our estimate of fair value ($41.42)
Significantly Below Fair Value: CNM is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Core & Main forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CNM's forecast earnings growth (12.1% per year) is above the savings rate (1.9%).
Earnings vs Market: CNM's earnings (12.1% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: CNM's earnings are forecast to grow, but not significantly.
Revenue vs Market: CNM's revenue (1.1% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: CNM's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CNM's Return on Equity is forecast to be low in 3 years time (16.1%).
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How has Core & Main performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNM has high quality earnings.
Growing Profit Margin: CNM's current net profit margins (2.7%) are higher than last year (1.7%).
Past Earnings Growth Analysis
Earnings Trend: CNM's earnings have grown significantly by 37.8% per year over the past 5 years.
Accelerating Growth: CNM's earnings growth over the past year (122.8%) exceeds its 5-year average (37.8% per year).
Earnings vs Industry: CNM earnings growth over the past year (122.8%) exceeded the Trade Distributors industry 70.5%.
Return on Equity
High ROE: CNM's Return on Equity (16.7%) is considered low.
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How is Core & Main's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: CNM's short term assets ($2.2B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: CNM's short term assets ($2.2B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: CNM's net debt to equity ratio (76%) is considered high.
Reducing Debt: Insufficient data to determine if CNM's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CNM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CNM's interest payments on its debt are well covered by EBIT (7.2x coverage).
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What is Core & Main current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CNM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CNM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CNM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CNM's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as CNM has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve LeClair (53 yo)
Mr. Stephen O. LeClair, also known as Steve, has been the Chief Executive Officer and Director of Core & Main, Inc. since July 2021. He served as a Director of Core & Main Holdings, LP since September 2017...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD2.29M) is below average for companies of similar size in the US market ($USD8.11M).
Compensation vs Earnings: Insufficient data to compare Steve's compensation with company performance.
Experienced Management: CNM's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: CNM's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Core & Main, Inc.'s employee growth, exchange listings and data sources
- Name: Core & Main, Inc.
- Ticker: CNM
- Exchange: NYSE
- Founded: 1874
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Implied Market Cap: US$6.051b
- Market Cap: US$4.124b
- Shares outstanding: 245.89m
- Website: https://www.coreandmain.com
Number of Employees
- Core & Main, Inc.
- 1830 Craig Park Court
- Saint Louis
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/16 00:00|
|End of Day Share Price||2022/08/16 00:00|
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.