NYSE:CW

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

How has Curtiss-Wright's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CW has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.8%

CW

-0.8%

US Aerospace & Defense

-0.2%

US Market


1 Year Return

29.0%

CW

22.0%

US Aerospace & Defense

16.1%

US Market

Return vs Industry: CW exceeded the US Aerospace & Defense industry which returned 22% over the past year.

Return vs Market: CW exceeded the US Market which returned 16.1% over the past year.


Shareholder returns

CWIndustryMarket
7 Day-1.8%-0.8%-0.2%
30 Day10.1%3.8%3.7%
90 Day14.6%6.4%8.5%
1 Year29.7%29.0%24.3%22.0%18.7%16.1%
3 Year37.2%35.2%49.2%41.2%46.9%37.4%
5 Year98.6%93.1%90.4%72.5%61.8%44.0%

Price Volatility Vs. Market

How volatile is Curtiss-Wright's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

13.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CW ($138.21) is trading below our estimate of fair value ($159.93)

Significantly Below Fair Value: CW is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CW is good value based on its PE Ratio (19.7x) compared to the Aerospace & Defense industry average (21x).

PE vs Market: CW is poor value based on its PE Ratio (19.7x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: CW is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: CW is overvalued based on its PB Ratio (3.5x) compared to the US Aerospace & Defense industry average (2.6x).


Next Steps

Future Growth

How is Curtiss-Wright forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

5.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CW's forecast earnings growth (5.7% per year) is above the savings rate (2.7%).

Earnings vs Market: CW's earnings (5.7% per year) are forecast to grow slower than the US market (14.3% per year).

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

Revenue vs Market: CW's revenue (3.2% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: CW's revenue (3.2% 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 (20%).


Next Steps

Past Performance

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

12.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CW has high quality earnings.

Growing Profit Margin: CW's current net profit margins (12.1%) are higher than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: CW's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: CW's earnings growth over the past year (15.5%) exceeds its 5-year average (12.6% per year).

Earnings vs Industry: CW earnings growth over the past year (15.5%) exceeded the Aerospace & Defense industry 8.7%.


Return on Equity

High ROE: CW's Return on Equity (17.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Curtiss-Wright's financial position?


Financial Position Analysis

Short Term Liabilities: CW's short term assets ($1.4B) exceeds its short term liabilities ($648.1M)

Long Term Liabilities: CW's short term assets ($1.4B) exceeds its long term liabilities (1.1B)


Debt to Equity History and Analysis

Debt Level: CW's debt to equity ratio (44.7%) is considered high.

Reducing Debt: CW's debt to equity ratio has reduced from 60.1% to 44.7% over the past 5 years.

Debt Coverage: CW's debt is well covered by operating cash flow (52.1%).

Interest Coverage: CW's interest payments on its debt are well covered by EBIT (13x coverage).


Balance Sheet

Inventory Level: CW has a high level of physical assets or inventory.

Debt Coverage by Assets: CW's debt is covered by short term assets (assets are 1.9x debt).


Next Steps

Dividend

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

0.49%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Curtiss-Wright before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company0.5%marketbottom25%1.4%markettop25%3.7%industryaverage1.8%forecastin3Years0.5%

Current dividend yield vs market & industry

Notable Dividend: CW's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: CW's dividend (0.49%) is low compared to the top 25% of dividend payers in the US market (3.69%).


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

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

6.3yrs

Average management tenure


CEO

Dave Adams (65yo)

6.3yrs

Tenure

US$7,515,424

Compensation

Mr. David C. Adams, also known as Dave, has been the Chief Executive Officer of Curtiss-Wright Corporation since August 1, 2013. Mr. Adams served as the Chief Operating Officer of Curtiss-Wright Corporatio ...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD7.52M) is about average for companies of similar size in the US market ($USD6.77M).

Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.


Management Age and Tenure

6.3yrs

Average Tenure

60yo

Average Age

Experienced Management: CW's management team is seasoned and experienced (6.3 years average tenure).


Board Age and Tenure

7.8yrs

Average Tenure

65yo

Average Age

Experienced Board: CW's board of directors are considered experienced (7.8 years average tenure).


Insider Trading

Insider Buying: CW insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$1,048,15608 Nov 19
Thomas Quinly
EntityIndividual
Role
Chief Operating Officer
VP & COO
Shares7,500
Max PriceUS$139.75
SellUS$1,281,37311 Sep 19
Glenn Tynan
EntityIndividual
Role
Chief Financial Officer
VP & CFO
Shares10,000
Max PriceUS$128.14
SellUS$122,89909 Aug 19
Sheri Fuller
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$122.90
SellUS$575,00005 Jun 19
Glenn Tynan
EntityIndividual
Role
Chief Financial Officer
VP & CFO
Shares5,000
Max PriceUS$115.00
SellUS$575,00017 May 19
Glenn Tynan
EntityIndividual
Role
Chief Financial Officer
VP & CFO
Shares5,000
Max PriceUS$115.00
SellUS$230,57508 Feb 19
Paul Ferdenzi
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares2,005
Max PriceUS$115.00
SellUS$408,45308 Feb 19
Glenn Tynan
EntityIndividual
Role
Chief Financial Officer
VP & CFO
Shares3,553
Max PriceUS$114.96
SellUS$75,29908 Feb 19
K. Farkas
EntityIndividual
Role
Other Key Executive
Vice President of Finance
Shares655
Max PriceUS$114.96
SellUS$440,83308 Feb 19
Thomas Quinly
EntityIndividual
Role
Chief Operating Officer
VP & COO
Shares3,833
Max PriceUS$115.01
SellUS$1,143,65908 Feb 19
David Adams
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares9,944
Max PriceUS$115.01
SellUS$78,68108 Feb 19
Harry Jakubowitz
EntityIndividual
Role
Treasurer
VP & Treasurer
Shares684
Max PriceUS$115.03

Ownership Breakdown

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


Management Team

  • Glenn Tynan (60yo)

    VP & CFO

    • Tenure: 17.4yrs
    • Compensation: US$2.96m
  • Tom Quinly (60yo)

    VP & COO

    • Tenure: 6.1yrs
    • Compensation: US$3.43m
  • Dave Adams (65yo)

    Chairman & CEO

    • Tenure: 6.3yrs
    • Compensation: US$7.52m
  • Harry Jakubowitz (66yo)

    VP & Treasurer

    • Tenure: 14.2yrs
    • Compensation: US$798.20k
  • Karl Kleiderer

    Vice President of Corporate Development

    • Tenure: 7.1yrs
  • Tony Jones

    Senior Business Unit Controller

    • Tenure: 0yrs
  • Jim Ryan

    Senior Director of Investor Relations

    • Tenure: 3.6yrs
  • Paul Ferdenzi (51yo)

    VP, General Counsel & Corporate Secretary

    • Tenure: 5.7yrs
    • Compensation: US$1.83m
  • Larry Peach

    President of the Curtiss-Wright Metal Treatment Business Segment

    • Tenure: 7.1yrs
  • Chris Farkas (50yo)

    Vice President of Finance

    • Tenure: 1.9yrs
    • Compensation: US$989.89k

Board Members

  • Pete Wallace (65yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$195.00k
  • Albert Smith (69yo)

    Independent Director

    • Tenure: 13.5yrs
    • Compensation: US$225.00k
  • Bob Rivet (65yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$212.50k
  • Marce Fuller (58yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$210.00k
  • Dean Flatt (68yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$195.00k
  • Glenda Minor (62yo)

    Independent Director

    • Tenure: 0.5yrs
  • Dave Adams (65yo)

    Chairman & CEO

    • Tenure: 6.3yrs
    • Compensation: US$7.52m
  • Bruce Hoechner (59yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$195.00k
  • John Nathman (70yo)

    Director

    • Tenure: 11.8yrs
    • Compensation: US$205.00k

Company Information

Curtiss-Wright Corporation's company bio, 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$5.963b
  • Shares outstanding: 42.69m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CWNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
CWTDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 23:34
End of Day Share Price2019/11/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.