Crane
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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
1 Year Returns
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
Related Companies
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Crane.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Crane's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Crane's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Crane Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Crane's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Crane Company Filings, last reported 3 months ago.
| 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).
Financial health checks
We assess Crane's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Crane has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Crane
shares you are expected to receive
$37
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be well covered by earnings (4.4x coverage).
Income/ dividend checks
We assess Crane's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Crane management team is about average.
Management Team
Max Mitchell
President
$7M
55
5.5 yrs
Rich Maue
Senior VP & CFO
$2M
48
6.5 yrs
Anthony D'Iorio
VP, General Counsel & Secretary
$1M
55
1.4 yrs
Brad Ellis
Senior Vice President
$1M
50
4.6 yrs
Carey True
Chief Information Officer
Jason Feldman
Director of Investor Relations
Jim Lavish
Vice President of CBS
51
3.5 yrs
Kurt Gallo
Senior Vice President
0.5 yrs
Edward Switter
VP of Tax & Treasurer
44
2.8 yrs
Curtis Baron
VP & Controller
49
7.6 yrs
Board of Directors Tenure
Average tenure and age of the Crane board of directors in years:
- The tenure for the Crane board of directors is about average.
Board of Directors
Robert Evans
Non-Executive Chairman
$339K
74
18.3 yrs
Max Mitchell
President
$7M
55
5.5 yrs
Jim Tullis
Independent Director
$236K
72
21.5 yrs
Don Cook
Independent Director
$245K
72
13.9 yrs
Marty Benante
Independent Director
$225K
67
4.5 yrs
Ellen Haime
Independent Director
$227K
54
6.3 yrs
Jennifer Pollino
Independent Director
$227K
55
6.3 yrs
Ron Lindsay
Independent Director
$202K
61
6.3 yrs
Chip McClure
Independent Director
$207K
65
2.3 yrs
Mike Dinkins
Director
65
0.3 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Crane individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Crane's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleWhy 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 - – Full articleDoes 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 - – Full articleWill 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 - – Full articleCrane 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 - – Full articleHere'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 - – Full articleIs 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 - – Full articleHas 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$704m) (Based on the trailing twelve months to March 2019.) So, Crane has an ROCE of 14%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.
Simply Wall St - – Full articleI Ran A Stock Scan For Earnings Growth And Crane (NYSE:CR) Passed With Ease
See our latest analysis for Crane Crane's Earnings Per Share Are Growing. … If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. … As a result, I'm encouraged by the fact that insiders own Crane shares worth a considerable sum.
Simply Wall St - – Full articleA Look At The Fair Value Of Crane Co. (NYSE:CR)
A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, 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 - – Full articleCompany 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
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.
