CR

CraneNYSE:CR Stock Report

Market Cap

US$5.4b

7D

-2.2%

1Y

73.3%

Updated

18 Sep, 2021

Data

Company Financials +
CR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance5/6
Financial Health4/6
Dividends5/6

CR Overview

Crane Co. manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Crane Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Crane
Historical stock prices
Current Share PriceUS$91.83
52 Week HighUS$48.19
52 Week LowUS$104.74
Beta1.69
1 Month Change-4.91%
3 Month Change6.16%
1 Year Change73.33%
3 Year Change-6.97%
5 Year Change48.09%
Change since IPO718.29%

Recent News & Updates

Aug 27

Crane Getting Some Credit For Cycle Leverage, But Has More To Give

Crane is off to a good start in this upturn, with revenue ahead of expectations and better margin leverage, and around half of the business really has yet to turn. MRO and debottlenecking is helping the PFT business now, but project activity should start ramping up in 2022. Longer term, management is focusing on product innovation to drive new opportunities. Commercial aerospace is a multiyear recovery story, but one that management wants to augment by leveraging product development opportunities in areas like electrification and thermal management. Mid single-digit FCF growth and mid-teens margins can support a double-digit return from here, and there's still room beyond that for beat-and-raise performance.

Jul 30
Crane (NYSE:CR) Is Due To Pay A Dividend Of US$0.43

Crane (NYSE:CR) Is Due To Pay A Dividend Of US$0.43

Crane Co. ( NYSE:CR ) has announced that it will pay a dividend of US$0.43 per share on the 8th of September. The...

Shareholder Returns

CRUS MachineryUS Market
7D-2.2%-1.7%-0.6%
1Y73.3%31.4%33.8%

Return vs Industry: CR exceeded the US Machinery industry which returned 31.4% over the past year.

Return vs Market: CR exceeded the US Market which returned 33.8% over the past year.

Price Volatility

Is CR's price volatile compared to industry and market?
CR volatility
CR Beta1.69
Industry Beta1.25
Market Beta1

Stable Share Price: CR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
185511,000Max Mitchellhttps://www.craneco.com

Crane Co. manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company's Fluid Handling segment offers on/off valves and related products for the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; fluid control instrumentation and sampling solutions; and pumps and related products for water and wastewater applications in industrial, municipal, commercial, and military markets. This segment sells its products under the Crane, Saunders, Jenkins, Pacific, Xomox, Krombach, DEPA, ELRO, REVO, Flowseal, Centerline, Resistoflex, Duochek, Barksdale, Westlock, WTA, HOKE, DOPAK, Stockham, Wask, Viking Johnson, IAT, Hattersley, NABIC, Sperryn, Wade, Deming, Weinman, Burks, and Barnes brands.

Crane Fundamentals Summary

How do Crane's earnings and revenue compare to its market cap?
CR fundamental statistics
Market CapUS$5.36b
Earnings (TTM)US$324.00m
Revenue (TTM)US$3.12b

16.6x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CR income statement (TTM)
RevenueUS$3.12b
Cost of RevenueUS$1.98b
Gross ProfitUS$1.14b
ExpensesUS$816.30m
EarningsUS$324.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.56
Gross Margin36.53%
Net Profit Margin10.38%
Debt/Equity Ratio49.7%

How did CR perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

31%

Payout Ratio

Valuation

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

44.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CR ($91.83) is trading below our estimate of fair value ($165.8)

Significantly Below Fair Value: CR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CR is good value based on its PE Ratio (16.6x) compared to the US Machinery industry average (29.4x).

PE vs Market: CR is good value based on its PE Ratio (16.6x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: CR is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: CR is overvalued based on its PB Ratio (3.1x) compared to the US Machinery industry average (2.8x).


Future Growth

How is Crane forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

12.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CR's forecast earnings growth (12.3% per year) is above the savings rate (2%).

Earnings vs Market: CR's earnings (12.3% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: CR's earnings are forecast to grow, but not significantly.

Revenue vs Market: CR's revenue (6% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: CR's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CR's Return on Equity is forecast to be high in 3 years time (21.7%)


Past Performance

How has Crane performed over the past 5 years?

0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CR has high quality earnings.

Growing Profit Margin: CR's current net profit margins (10.4%) are higher than last year (1%).


Past Earnings Growth Analysis

Earnings Trend: CR's earnings have grown by 0.7% per year over the past 5 years.

Accelerating Growth: CR's earnings growth over the past year (945.2%) exceeds its 5-year average (0.7% per year).

Earnings vs Industry: CR earnings growth over the past year (945.2%) exceeded the Machinery industry 22.1%.


Return on Equity

High ROE: CR's Return on Equity (18.8%) is considered low.


Financial Health

How is Crane's financial position?


Financial Position Analysis

Short Term Liabilities: CR's short term assets ($1.7B) exceed its short term liabilities ($758.8M).

Long Term Liabilities: CR's short term assets ($1.7B) do not cover its long term liabilities ($1.9B).


Debt to Equity History and Analysis

Debt Level: CR's debt to equity ratio (49.7%) is considered high.

Reducing Debt: CR's debt to equity ratio has reduced from 66.5% to 49.7% over the past 5 years.

Debt Coverage: CR's debt is well covered by operating cash flow (51.1%).

Interest Coverage: CR's interest payments on its debt are well covered by EBIT (8.7x coverage).


Balance Sheet


Dividend

What is Crane current dividend yield, its reliability and sustainability?

1.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CR's dividend (1.87%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: CR's dividend (1.87%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.9%), CR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CR's dividends in 3 years are forecast to be well covered by earnings (22% payout ratio).


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Max Mitchell (57 yo)

7.67yrs

Tenure

US$6,361,666

Compensation

Mr. Max H. Mitchell has been the Chief Executive Officer and President of Crane Co. since January 31, 2014 and January 28, 2013 respectively. Mr. Mitchell served as the Chief Operating Officer of Crane Co....


CEO Compensation Analysis

Compensation vs Market: Max's total compensation ($USD6.36M) is about average for companies of similar size in the US market ($USD6.44M).

Compensation vs Earnings: Max's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CR's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: CR's board of directors are considered experienced (7.2 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

Crane Co.'s employee growth, exchange listings and data sources


Key Information

  • Name: Crane Co.
  • Ticker: CR
  • Exchange: NYSE
  • Founded: 1855
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$5.364b
  • Shares outstanding: 58.41m
  • Website: https://www.craneco.com

Number of Employees


Location

  • Crane Co.
  • 100 First Stamford Place
  • Stamford
  • Connecticut
  • 6902
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:02
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.