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Crane

NYSE:CR
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CR
NYSE
$5B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Crane Co. manufactures and sells engineered industrial products in the United States and internationally. The last earnings update was 80 days ago. More info.


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CR Share Price and Events
7 Day Returns
2.8%
NYSE:CR
-1.2%
US Machinery
-1.2%
US Market
1 Year Returns
1.2%
NYSE:CR
3.9%
US Machinery
3.4%
US Market
CR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Crane (CR) 2.8% 3.5% -3.2% 1.2% 45.7% 19%
US Machinery -1.2% 1% -3.1% 3.9% 45.6% 29.2%
US Market -1.2% 1.2% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • CR underperformed the Machinery industry which returned 3.9% over the past year.
  • CR underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
CR
Industry
5yr Volatility vs Market

Value

 Is Crane undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Crane to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Crane.

NYSE:CR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 21%) (21.86%))
1.181
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.181 * 5.96%)
9.77%

Discounted Cash Flow Calculation for NYSE:CR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Crane is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:CR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.77%)
2020 419.25 Analyst x2 381.94
2021 423.90 Analyst x1 351.81
2022 452.00 Analyst x1 341.75
2023 476.02 Est @ 5.31% 327.88
2024 497.62 Est @ 4.54% 312.26
2025 517.50 Est @ 4% 295.84
2026 536.22 Est @ 3.62% 279.26
2027 554.18 Est @ 3.35% 262.93
2028 571.72 Est @ 3.16% 247.11
2029 589.06 Est @ 3.03% 231.95
Present value of next 10 years cash flows $3,032.76
NYSE:CR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $589.06 × (1 + 2.73%) ÷ (9.77% – 2.73%)
$8,598.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,598.21 ÷ (1 + 9.77%)10
$3,385.71
NYSE:CR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,032.76 + $3,385.71
$6,418.46
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,418.46 / 59.89
$107.17
NYSE:CR Discount to Share Price
Calculation Result
Value per share (USD) From above. $107.17
Current discount Discount to share price of $85.41
= -1 x ($85.41 - $107.17) / $107.17
20.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Crane is available for.
Intrinsic value
20%
Share price is $85.41 vs Future cash flow value of $107.17
Current Discount Checks
For Crane to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Crane's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Crane's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Crane's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Crane's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $5.86
NYSE:CR Share Price ** NYSE (2019-07-19) in USD $85.41
United States of America Machinery Industry PE Ratio Median Figure of 98 Publicly-Listed Machinery Companies 20.98x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Crane.

NYSE:CR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CR Share Price ÷ EPS (both in USD)

= 85.41 ÷ 5.86

14.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Crane is good value based on earnings compared to the US Machinery industry average.
  • Crane is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Crane's expected growth come at a high price?
Raw Data
NYSE:CR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
8.2%per year
United States of America Machinery Industry PEG Ratio Median Figure of 79 Publicly-Listed Machinery Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NYSE:CR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.58x ÷ 8.2%

1.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Crane is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Crane's assets?
Raw Data
NYSE:CR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $26.56
NYSE:CR Share Price * NYSE (2019-07-19) in USD $85.41
United States of America Machinery Industry PB Ratio Median Figure of 126 Publicly-Listed Machinery Companies 2.22x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NYSE:CR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CR Share Price ÷ Book Value per Share (both in USD)

= 85.41 ÷ 26.56

3.22x

* Primary Listing of Crane.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Crane is overvalued based on assets compared to the US Machinery industry average.
X
Value checks
We assess Crane's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Crane has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Crane expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Crane expected to grow at an attractive rate?
  • Crane's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Crane's earnings growth is positive but not above the United States of America market average.
  • Crane's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 8.2%
NYSE:CR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.5%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,660 533 1
2021-12-31 3,466 502 423 2
2020-12-31 3,477 484 432 7
2019-12-31 3,331 427 386 7
NYSE:CR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 3,378 239 349
2018-12-31 3,346 414 336
2018-09-30 3,220 366 218
2018-06-30 3,060 379 189
2018-03-31 2,912 388 177
2017-12-31 2,786 318 172
2017-09-30 2,753 324 137
2017-06-30 2,752 337 132
2017-03-31 2,761 340 131
2016-12-31 2,748 318 123
2016-09-30 2,747 282 252
2016-06-30 2,723 235 245

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Crane's earnings are expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
  • Crane's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Crane Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 6.80 6.80 6.80 1.00
2020-12-31 7.03 7.10 6.95 4.00
2019-12-31 6.31 6.40 6.20 4.00
NYSE:CR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 5.86
2018-12-31 5.63
2018-09-30 3.65
2018-06-30 3.17
2018-03-31 2.98
2017-12-31 2.89
2017-09-30 2.30
2017-06-30 2.23
2017-03-31 2.23
2016-12-31 2.10
2016-09-30 4.32
2016-06-30 4.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Crane is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Crane's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Crane has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Crane performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Crane's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Crane's year on year earnings growth rate has been positive over the past 5 years.
  • Crane's 1-year earnings growth exceeds its 5-year average (96.9% vs 3.9%)
  • Crane's earnings growth has exceeded the US Machinery industry average in the past year (96.9% vs 29.1%).
Earnings and Revenue History
Crane's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Crane Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,378.10 349.30 754.00
2018-12-31 3,345.50 335.60 742.10
2018-09-30 3,220.10 217.70 707.20
2018-06-30 3,060.20 188.90 681.50
2018-03-31 2,911.70 177.40 641.20
2017-12-31 2,786.00 171.80 619.50
2017-09-30 2,753.30 136.50 589.00
2017-06-30 2,751.70 131.80 581.50
2017-03-31 2,761.40 130.90 598.80
2016-12-31 2,748.00 122.80 624.20
2016-09-30 2,747.00 252.00 585.30
2016-06-30 2,722.70 245.40 585.50
2016-03-31 2,721.70 232.80 566.70
2015-12-31 2,740.50 228.90 566.50
2015-09-30 2,790.70 219.90 575.40
2015-06-30 2,848.10 191.10 578.40
2015-03-31 2,887.00 195.10 595.90
2014-12-31 2,925.00 192.70 605.20
2014-09-30 2,875.75 186.21 595.06
2014-06-30 2,785.86 215.24 574.99
2014-03-31 2,684.51 210.41 542.82
2013-12-31 2,595.30 219.50 512.80
2013-09-30 2,543.62 215.44 511.29
2013-06-30 2,552.09 214.53 519.54
2013-03-31 2,561.03 202.31 529.99
2012-12-31 2,579.07 195.36 540.22
2012-09-30 2,569.08 23.71 531.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Crane has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Crane used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
  • Crane's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Crane's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Crane has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Crane's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Crane's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Crane is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Crane's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Crane's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Crane Company Filings, last reported 3 months ago.

NYSE:CR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,593.00 1,003.30 256.80
2018-12-31 1,527.10 949.20 343.40
2018-09-30 1,529.50 1,043.80 323.60
2018-06-30 1,446.60 1,108.50 318.20
2018-03-31 1,448.10 1,411.20 642.30
2017-12-31 1,348.50 743.50 706.20
2017-09-30 1,390.30 745.90 572.20
2017-06-30 1,331.10 745.70 509.30
2017-03-31 1,232.30 745.50 504.80
2016-12-31 1,145.70 745.30 509.70
2016-09-30 1,324.00 779.20 436.30
2016-06-30 1,269.80 845.90 408.90
2016-03-31 1,224.90 822.90 354.00
2015-12-31 1,150.80 794.20 363.50
2015-09-30 1,110.40 846.90 335.20
2015-06-30 1,091.80 871.90 326.30
2015-03-31 1,022.30 876.70 296.90
2014-12-31 1,070.60 850.00 346.30
2014-09-30 1,271.83 864.02 301.67
2014-06-30 1,325.73 903.00 314.19
2014-03-31 1,259.45 892.99 250.27
2013-12-31 1,214.67 875.00 270.64
2013-09-30 1,109.48 323.89 403.40
2013-06-30 1,025.95 413.60 420.92
2013-03-31 973.29 400.26 384.64
2012-12-31 927.38 400.22 423.95
2012-09-30 932.75 400.16 280.54
  • Crane's level of debt (63%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (70.9% vs 63% today).
  • Debt is well covered by operating cash flow (23.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.1x coverage).
X
Financial health checks
We assess Crane's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Crane has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.83%
Current annual income from Crane dividends. Estimated to be 1.88% next year.
If you bought $2,000 of Crane shares you are expected to receive $37 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Crane's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Crane's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 75 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.56 1.00
2021-12-31 1.69 2.00
2020-12-31 1.63 5.00
2019-12-31 1.56 5.00
NYSE:CR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-29 1.560 1.889
2019-01-28 1.560 1.844
2018-10-22 1.400 1.736
2018-07-23 1.400 1.524
2018-04-23 1.400 1.667
2018-01-29 1.400 1.497
2017-10-23 1.320 1.521
2017-07-24 1.320 1.714
2017-04-24 1.320 1.660
2017-01-30 1.320 1.781
2016-10-24 1.320 1.819
2016-07-25 1.320 2.102
2016-04-25 1.320 2.322
2016-01-25 1.320 2.579
2015-10-26 1.320 2.700
2015-07-27 1.320 2.600
2015-04-27 1.320 2.211
2015-01-27 1.320 2.060
2014-10-27 1.320 2.251
2014-07-28 1.320 2.005
2014-04-28 1.200 1.638
2014-01-27 1.200 1.749
2013-10-28 1.200 1.846
2013-07-22 1.200 1.976
2013-04-22 1.120 1.904
2013-01-28 1.120 2.086
2012-10-22 1.120 2.538
2012-04-23 1.040 2.645
2012-01-23 1.040 2.157
2011-10-24 1.040 2.242
2011-07-25 1.040 2.607
2011-04-18 0.920 1.907
2011-01-24 0.920 1.959
2010-10-25 0.920 2.298
2010-07-26 0.920 2.492
2010-04-19 0.800 2.429
2010-01-26 0.800 2.393
2009-10-26 0.800 2.647
2009-07-27 0.800 3.290
2009-05-18 0.800 3.507
2009-01-26 0.800 4.418
2008-10-27 0.800 5.212
2008-07-28 0.800 2.780

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Crane's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.4x coverage).
X
Income/ dividend checks
We assess Crane's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Crane afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Crane has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Crane's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Max Mitchell
COMPENSATION $6,531,121
AGE 55
TENURE AS CEO 5.5 years
CEO Bio

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. from May 23, 2011 to January 2013, President of Fluid Handling since April 28, 2005 until October 2012, Executive Vice President from May 23, 2011 to January 28, 2013 and Vice President of operational excellence from February 2004 to April 2005. He joined Crane Co. as a key executive and officer. Mr. Mitchell has extensive operations management experience with 14 years of world-class manufacturing leadership at Pentair, Danaher Corporation and the Ford Motor Company. Mr. Mitchell was with Pentair Tools Group from 2001, where he was Senior Vice President of global operations. In this position, he had complete cost responsibility for approximately $750 million, including manufacturing, distribution, supply-chain and customer service. Throughout his career, he is responsible for operational excellence by driving lean process improvement tools and six-sigma variance reduction methodology throughout all functional business areas and systems. He serves as Chairman of Crane Electronics, Inc. Mr. Mitchell has been a Director of Lennox International, Inc. since September 16, 2016 and Crane Co. since January 31, 2014. He serves as a Director of Valve Manufacturers Association. Prior to Pentair, he held positions of increased responsibility in operations management and finance with the Danaher Corporation for 5 years and prior to that, with the Ford Motor Company for 7 years. Mr. Mitchell received his Bachelor's degree in Liberal Arts from Tulane University and an MBA in Finance and strategic planning at the University of Pittsburgh, Katz Graduate School of Business.

CEO Compensation
  • Max's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Max's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Crane management team in years:

4
Average Tenure
50
Average Age
  • The tenure for the Crane management team is about average.
Management Team

Max Mitchell

TITLE
President
COMPENSATION
$7M
AGE
55
TENURE
5.5 yrs

Rich Maue

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
48
TENURE
6.5 yrs

Anthony D'Iorio

TITLE
VP, General Counsel & Secretary
COMPENSATION
$1M
AGE
55
TENURE
1.4 yrs

Brad Ellis

TITLE
Senior Vice President
COMPENSATION
$1M
AGE
50
TENURE
4.6 yrs

Carey True

TITLE
Chief Information Officer

Jason Feldman

TITLE
Director of Investor Relations

Jim Lavish

TITLE
Vice President of CBS
AGE
51
TENURE
3.5 yrs

Kurt Gallo

TITLE
Senior Vice President
TENURE
0.5 yrs

Edward Switter

TITLE
VP of Tax & Treasurer
AGE
44
TENURE
2.8 yrs

Curtis Baron

TITLE
VP & Controller
AGE
49
TENURE
7.6 yrs
Board of Directors Tenure

Average tenure and age of the Crane board of directors in years:

6.3
Average Tenure
65
Average Age
  • The tenure for the Crane board of directors is about average.
Board of Directors

Robert Evans

TITLE
Non-Executive Chairman
COMPENSATION
$339K
AGE
74
TENURE
18.3 yrs

Max Mitchell

TITLE
President
COMPENSATION
$7M
AGE
55
TENURE
5.5 yrs

Jim Tullis

TITLE
Independent Director
COMPENSATION
$236K
AGE
72
TENURE
21.5 yrs

Don Cook

TITLE
Independent Director
COMPENSATION
$245K
AGE
72
TENURE
13.9 yrs

Marty Benante

TITLE
Independent Director
COMPENSATION
$225K
AGE
67
TENURE
4.5 yrs

Ellen Haime

TITLE
Independent Director
COMPENSATION
$227K
AGE
54
TENURE
6.3 yrs

Jennifer Pollino

TITLE
Independent Director
COMPENSATION
$227K
AGE
55
TENURE
6.3 yrs

Ron Lindsay

TITLE
Independent Director
COMPENSATION
$202K
AGE
61
TENURE
6.3 yrs

Chip McClure

TITLE
Independent Director
COMPENSATION
$207K
AGE
65
TENURE
2.3 yrs

Mike Dinkins

TITLE
Director
AGE
65
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Crane individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. Jun 19 Buy James L. Tullis Individual 30. May 19 31. May 19 2,000 $78.13 $154,767
20. Feb 19 Sell James Lavish Individual 19. Feb 19 19. Feb 19 -5,150 $84.94 $-437,443
01. Feb 19 Buy Donald Cook Individual 01. Feb 19 01. Feb 19 302 $82.61 $24,950
09. Nov 18 Sell Louis Pinkham Individual 08. Nov 18 08. Nov 18 -4,400 $93.15 $-409,860
08. Nov 18 Sell Kristian Salovaara Individual 07. Nov 18 07. Nov 18 -3,000 $93.09 $-279,255
07. Nov 18 Buy James L. Tullis Individual 05. Nov 18 05. Nov 18 400 $90.62 $36,249
X
Management checks
We assess Crane's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Crane has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Can We See Significant Institutional Ownership On The Crane Co. (NYSE:CR) Share Register?

Check out our latest analysis for Crane NYSE:CR Ownership Summary, July 20th 2019 What Does The Institutional Ownership Tell Us About Crane? … Insider Ownership Of Crane The definition of company insiders can be subjective, and does vary between jurisdictions. … Shareholders would probably be interested to learn that insiders own shares in Crane Co..

Simply Wall St -

Why Crane Co. (NYSE:CR) Should Be In Your Dividend Portfolio

Dividend paying stocks like Crane Co. … (NYSE:CR) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. While Crane's 1.9% dividend yield is not the highest, we think its lengthy payment history is quite interesting. The company also bought back stock during the year, equivalent to approximately 0.8% of the company's market capitalisation at the time. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. Crane has grown its earnings per share at 9.1% per annum over the past five years. A low payout ratio and strong historical earnings growth suggests Crane has been effectively reinvesting in its business. We think this generally bodes well for its dividend prospects. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Does Crane (NYSE:CR) Have A Healthy Balance Sheet?

Because it carries more debt than cash, we think it's worth watching Crane's balance sheet over time. … Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. … Over the most recent three years, Crane recorded free cash flow worth 58% of its EBIT, which is around normal, given free cash flow excludes interest and tax.

Simply Wall St -

Will Crane Co.'s (NYSE:CR) Earnings Grow In The Next 12 Months?

(NYSE:CR) released its earnings in March 2019, analyst consensus outlook appear cautiously optimistic, as a 13% increase in profits is expected in the upcoming year, relative to the past 5-year average growth rate of 3.9%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … NYSE:CR Past and Future Earnings, June 26th 2019 This results in an annual growth rate of 8.1% based on the most recent earnings level of US$336m to the final forecast of US$435m by 2022.

Simply Wall St -

Crane Co. (NYSE:CR): Is It A Smart Long Term Opportunity?

(NYSE:CR) released its earnings in March 2019, analysts seem fairly confident, with profits predicted to increase by 13% next year against the past 5-year average growth rate of 3.9%. … To understand the overall trajectory of CR's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … NYSE:CR Past and Future Earnings, June 26th 2019 From the current net income level of US$336m and the final forecast of US$435m by 2022, the annual rate of growth for CR’s earnings is 8.1%.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Crane Co. (NYSE:CR)

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Crane: P/E of 13.51 = $79.12 ÷ $5.86 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Growth Rates Impact P/E Ratios P/E ratios primarily reflect market expectations around earnings growth rates. … The low P/E ratio suggests current market expectations are muted, implying these levels of growth will not continue.

Simply Wall St -

Is Crane Co. (NYSE:CR) A Volatile Stock?

(NYSE:CR) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Has Crane Co. (NYSE:CR) Been Employing Capital Shrewdly?

Last but not least, we'll look at what impact its current liabilities have on its ROCE. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Crane: 0.14 = US$465m ÷ (US$4.1b - US$704m) (Based on the trailing twelve months to March 2019.) So, Crane has an ROCE of 14%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

I Ran A Stock Scan For Earnings Growth And Crane (NYSE:CR) Passed With Ease

See our latest analysis for Crane Crane's Earnings Per Share Are Growing. … If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. … As a result, I'm encouraged by the fact that insiders own Crane shares worth a considerable sum.

Simply Wall St -

A Look At The Fair Value Of Crane Co. (NYSE:CR)

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $361.20 $421.30 $425.40 $453.60 $477.70 $499.38 $519.34 $538.12 $556.14 $573.74 Growth Rate Estimate Source Analyst x4 Analyst x2 Analyst x1 Analyst x1 Est @ 5.31% Est @ 4.54% Est @ 4% Est @ 3.62% Est @ 3.35% Est @ 3.16% Present Value ($, Millions) Discounted @ 9.63% $329.48 $350.56 $322.88 $314.05 $301.70 $287.69 $272.92 $257.95 $243.18 $228.85 Present Value of 10-year Cash Flow (PVCF)= $2.91b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 2.7%. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$574m × (1 + 2.7%) ÷ (9.6% – 2.7%) = US$8.5b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$8.5b ÷ ( 1 + 9.6%)10 = $3.41b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $6.32b.

Simply Wall St -

Company Info

Description

Crane Co. manufactures and sells engineered industrial products in the United States and internationally. The company's Fluid Handling segment provides on/off valves and related products for application in 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; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets. This segment offers its products under the Crane, Saunders, Jenkins, Pacific, Xomox, Krombach, DEPA, ELRO, REVO, Flowseal, Centerline, Resistoflex, Duochek, Barksdale, Westlock, WTA, Stockham, Wask, Viking Johnson, IAT, Hattersley, NABIC, Sperryn, Wade, Rhodes, Brownall, Deming, Weinman, Burks, and Barnes brands. Its Payment & Merchandising Technologies segment provides coin acceptors and dispensers, coin hoppers and recyclers, bill validators and recyclers, and cashless systems; vending equipment that dispenses food, snack, and hot and cold beverages; and vending management software, and cashless payment and wireless connectivity products, as well as engineered banknotes. This segment serves retail self-checkout, vending, casino gaming, government lotteries, parking, transit fare collection, payment kiosks, and banking markets, as well as food and beverage companies. The company's Aerospace & Electronics segment offers original equipment and aftermarket parts under the Hydro-Aire, ELDEC, Lear Romec, P.L. Porter, Keltec, Interpoint, Signal Technology, Merrimac Industries, and Polyflon brands to commercial and military aerospace and defense markets. Its Engineered Materials segment offers fiberglass-reinforced plastic panels and coils for use in the manufacture of recreational vehicles, and truck bodies and trailers, as well as commercial and industrial buildings. Crane Co. was founded in 1855 and is based in Stamford, Connecticut.

Details
Name: Crane Co.
CR
Exchange: NYSE
Founded: 1855
$5,115,042,621
59,888,100
Website: http://www.craneco.com
Address: Crane Co.
100 First Stamford Place,
Stamford,
Connecticut, 06902,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CR Common Stock New York Stock Exchange US USD 02. Jan 1968
DB CZN Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
12,000
Crane employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 23:43
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.