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CR

Crane Holdings NYSE:CR Stock Report

Last Price

US$86.40

Market Cap

US$4.8b

7D

-4.9%

1Y

-7.2%

Updated

24 Sep, 2022

Data

Company Financials +

Crane Holdings, Co. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Crane Holdings
Historical stock prices
Current Share PriceUS$86.40
52 Week HighUS$114.87
52 Week LowUS$82.14
Beta1.57
1 Month Change-15.94%
3 Month Change-2.48%
1 Year Change-7.22%
3 Year Change7.61%
5 Year Change8.01%
Change since IPO669.90%

Recent News & Updates

Aug 15

Crane Holdings Still Offers Upside

Crane Holdings Co. has performed really well lately, driven by continued sales growth and rising net income. Some issues do exist, namely centered around other profitability metrics, but this doesn't change the investment thesis. On the whole, shares still look attractively priced and the company is worth some consideration. Some investments take quite a while to pay off if they pay off at all. Others, meanwhile, can pay off rather quickly. One company that has performed incredibly well over the past couple of months, even compared to the broader market, has been Crane Holdings, Co. (CR). This firm, which focuses on the production of components and systems for the commercial aerospace, military aerospace, defense, and space markets, as well as producing high technology payment acceptance and dispensing products, bank notes, and other related offerings, has, in the light of mixed fundamental performance, fared surprisingly well. Shares of the company don't look quite as cheap as they were previously, they do look to be rather cheap on an absolute basis and relative to other firms. As such, I've decided to retain my ‘buy’ rating on the company for now. Performance has been mixed but encouraging Back in early June of this year, I wrote an article that took a bullish stance on Crane Holdings. In that article, I lauded the company for holding up well in what had been a volatile market. Its stability came at a time when revenue continued to grow but as its bottom line had been somewhat mixed. This was also coming off of a solid 2021 fiscal year and was in light of some major changes being made by management. On the whole, I had concluded then that the company made for an attractive ‘buy’ prospect based on its performance at the time. And since then, things have gone quite well. While the S&P 500 has risen by 3.1%, shares of Crane Holdings have generated a return for investors of 10.3%. Author - SEC EDGAR Data There is no denying that we are currently in precarious times. High inflation, rising interest rates, and the fear of a recession, have all impacted how individuals and companies alike spend their money. Even so, Crane Holdings has done quite well. To see what I mean, we need only look at the most recent financial performance provided by the business. This is the second quarter of its 2022 fiscal year. This is the only quarter for which I did not have information on when I last wrote about the company. During that latest quarter, revenue came in at $864.3 million. That's 1% higher than the $855.5 million generated the same quarter last year. Author - SEC EDGAR Data Though this may not sound impressive, it is worth noting that management beat expectations set by analysts to the tune of $43.2 million. No matter how you stack it, that's a nice victory. Management attributed this increase in revenue to a 60.3% rise in core sales for the business. It's incredibly important to point out that not only did the company suffer from a $21.8 million hole associated with its sale of Crane Supply, it also has hit to the tune of $29.7 million as a result of foreign currency translation. Analysts certainly would have factored in the divestiture. So when you consider how the company did on a constant currency basis, it could be argued that performance was very strong. Profitability, meanwhile, was somewhat more mixed. Net income in the quarter came in at $258.2 million. That's nearly double the $138.3 million generated the same time one year earlier. Of course, it should be said that the business benefited to the tune of $228.7 million for may gain on the sale of Crane Supply. So without that, profitability would have been lower. For instance, excluding that and restructuring gains, operating profit actually fell from $144.8 million to $124.4 million. This came in part from a 2.3% increase in the cost of goods sold. Meanwhile, selling, general, and administrative expenses grew by 8.8%. Management attributed these increases mainly to higher material, labor, and manufacturing costs, as well as to higher selling costs and transaction-related expenses. Despite this weakness, adjusted earnings per share of $1.90 beat analysts' expectations by $0.09. This pain on the bottom line also extended into other profitability metrics. Operating cash flow fell from $157.1 million to $98.3 million. If we adjust for changes in working capital, it would have fallen from $136.7 million to $80.2 million. Meanwhile, EBITDA declined from $180.3 million to $160.8 million. When it comes to the 2022 fiscal year as a whole, management expects earnings per share of between $9.80 and $10.20. This compares to the $6.80 to $7.20 previously anticipated. But if we adjust for one-time items, the guidance has remained flat at between $7.45 and $7.85. Based on the company's current share count, achieving the midpoint of this range would imply net income of $429.2 million. That's only marginally lower than the $435.4 million the company generated in 2021. No guidance was given when it came to other profitability metrics. But if we assume that they will change to the same rate that net earnings should, then we should anticipate adjusted operating cash flow of $430.8 million and EBITDA of $620.4 million.

Aug 11
Crane Holdings (NYSE:CR) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Crane Holdings (NYSE:CR) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Crane Holdings, Co. ( NYSE:CR ) announced strong profits, but the stock was stagnant. Our analysis suggests that this...

Shareholder Returns

CRUS MachineryUS Market
7D-4.9%-5.4%-5.2%
1Y-7.2%-19.5%-23.0%

Return vs Industry: CR exceeded the US Machinery industry which returned -19.5% over the past year.

Return vs Market: CR exceeded the US Market which returned -23.1% over the past year.

Price Volatility

Is CR's price volatile compared to industry and market?
CR volatility
CR Average Weekly Movement3.8%
Machinery Industry Average Movement5.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: CR is less volatile than 75% 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 Holdings Co., together with its subsidiaries, manufactures and sells engineered industrial products in the Americas, Europe, the Middle East, Asia, and Australia. The company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets.

Crane Holdings, Co. Fundamentals Summary

How do Crane Holdings's earnings and revenue compare to its market cap?
CR fundamental statistics
Market CapUS$4.85b
Earnings (TTM)US$510.80m
Revenue (TTM)US$3.23b

9.5x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CR income statement (TTM)
RevenueUS$3.23b
Cost of RevenueUS$1.96b
Gross ProfitUS$1.26b
Other ExpensesUS$752.20m
EarningsUS$510.80m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)9.11
Gross Margin39.14%
Net Profit Margin15.83%
Debt/Equity Ratio51.6%

How did CR perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

20%

Payout Ratio