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CW

Curtiss-WrightNYSE:CW Stock Report

Market Cap

US$5.4b

7D

-1.3%

1Y

35.7%

Updated

16 Oct, 2021

Data

Company Financials +
CW fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends0/6

CW Overview

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide.

Curtiss-Wright Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Curtiss-Wright
Historical stock prices
Current Share PriceUS$131.46
52 Week HighUS$83.04
52 Week LowUS$133.91
Beta1.55
1 Month Change9.92%
3 Month Change13.42%
1 Year Change35.68%
3 Year Change11.01%
5 Year Change57.12%
Change since IPO1,674.99%

Recent News & Updates

Oct 07
The Returns At Curtiss-Wright (NYSE:CW) Aren't Growing

The Returns At Curtiss-Wright (NYSE:CW) Aren't Growing

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...

Sep 13
At US$113, Is Curtiss-Wright Corporation (NYSE:CW) Worth Looking At Closely?

At US$113, Is Curtiss-Wright Corporation (NYSE:CW) Worth Looking At Closely?

While Curtiss-Wright Corporation ( NYSE:CW ) might not be the most widely known stock at the moment, it received a lot...

Jul 27
Are Investors Undervaluing Curtiss-Wright Corporation (NYSE:CW) By 36%?

Are Investors Undervaluing Curtiss-Wright Corporation (NYSE:CW) By 36%?

In this article we are going to estimate the intrinsic value of Curtiss-Wright Corporation ( NYSE:CW ) by taking the...

Shareholder Returns

CWUS Aerospace & DefenseUS Market
7D-1.3%1.4%2.0%
1Y35.7%27.5%27.6%

Return vs Industry: CW exceeded the US Aerospace & Defense industry which returned 27.3% over the past year.

Return vs Market: CW exceeded the US Market which returned 27.6% over the past year.

Price Volatility

Is CW's price volatile compared to industry and market?
CW volatility
CW Beta1.55
Industry Beta1.03
Market Beta1

Stable Share Price: CW is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CW's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19298,200Lynn Bamfordhttps://www.curtisswright.com

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power. The Commercial/Industrial segment offers industrial vehicle products, such as electronic throttle control devices, joysticks, and transmission shifters; sensors, controls and electro-mechanical actuation components used in commercial aircrafts; valves for use in the industrial markets; and surface technology services, including shot peening, laser peening, coatings, and advanced testing.

Curtiss-Wright Fundamentals Summary

How do Curtiss-Wright's earnings and revenue compare to its market cap?
CW fundamental statistics
Market CapUS$5.37b
Earnings (TTM)US$239.49m
Revenue (TTM)US$2.46b

22.4x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CW income statement (TTM)
RevenueUS$2.46b
Cost of RevenueUS$1.56b
Gross ProfitUS$898.28m
ExpensesUS$658.79m
EarningsUS$239.49m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 03, 2021

Earnings per share (EPS)5.86
Gross Margin36.54%
Net Profit Margin9.74%
Debt/Equity Ratio55.8%

How did CW perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is Curtiss-Wright undervalued compared to its fair value and its price relative to the market?

35.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CW ($131.46) is trading below our estimate of fair value ($202.74)

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


Price To Earnings Ratio

PE vs Industry: CW is poor value based on its PE Ratio (22.4x) compared to the US Aerospace & Defense industry average (20x).

PE vs Market: CW is poor value based on its PE Ratio (22.4x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: CW is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: CW is good value based on its PB Ratio (2.8x) compared to the US Aerospace & Defense industry average (3.4x).


Future Growth

How is Curtiss-Wright forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

18.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CW's forecast earnings growth (18.6% per year) is above the savings rate (2%).

Earnings vs Market: CW's earnings (18.6% per year) are forecast to grow faster than the US market (15.1% per year).

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

Revenue vs Market: CW's revenue (3.5% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: CW's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CW's Return on Equity is forecast to be low in 3 years time (17%).


Past Performance

How has Curtiss-Wright performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CW has high quality earnings.

Growing Profit Margin: CW's current net profit margins (9.7%) are lower than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: CW's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: CW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CW had negative earnings growth (-6%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (1.8%).


Return on Equity

High ROE: CW's Return on Equity (12.6%) is considered low.


Financial Health

How is Curtiss-Wright's financial position?


Financial Position Analysis

Short Term Liabilities: CW's short term assets ($1.4B) exceed its short term liabilities ($774.5M).

Long Term Liabilities: CW's short term assets ($1.4B) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: CW's debt to equity ratio (55.8%) is considered high.

Reducing Debt: CW's debt to equity ratio has reduced from 75.9% to 55.8% over the past 5 years.

Debt Coverage: CW's debt is well covered by operating cash flow (34.2%).

Interest Coverage: CW's interest payments on its debt are well covered by EBIT (10.3x coverage).


Balance Sheet


Dividend

What is Curtiss-Wright current dividend yield, its reliability and sustainability?

0.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CW's dividend (0.55%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: CW's dividend (0.55%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: CW is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: CW is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CW is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CW's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Lynn Bamford (57 yo)

0.75

Tenure

Ms. Lynn M. Bamford serves as the President, Director and Chief Executive Officer at Curtiss-Wright Corporation since January 01, 2021. She serves as Senior Vice President and General Manager of Defense So...


Leadership Team

Experienced Management: CW's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: CW's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Curtiss-Wright Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Curtiss-Wright Corporation
  • Ticker: CW
  • Exchange: NYSE
  • Founded: 1929
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: US$5.375b
  • Shares outstanding: 40.88m
  • Website: https://www.curtisswright.com

Number of Employees


Location

  • Curtiss-Wright Corporation
  • 130 Harbour Place Drive
  • Suite 300
  • Davidson
  • North Carolina
  • 28036
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 22:10
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.