NYSE:CW

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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. More Details


Snowflake Analysis

Excellent balance sheet and good value.


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CW's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.2%

CW

-2.2%

US Aerospace & Defense

0.7%

US Market


1 Year Return

-14.1%

CW

-23.5%

US Aerospace & Defense

22.2%

US Market

Return vs Industry: CW exceeded the US Aerospace & Defense industry which returned -23.5% over the past year.

Return vs Market: CW underperformed the US Market which returned 22.7% over the past year.


Shareholder returns

CWIndustryMarket
7 Day-2.2%-2.2%0.7%
30 Day31.2%14.6%11.8%
90 Day18.0%5.5%8.6%
1 Year-13.4%-14.1%-7.4%-23.5%25.0%22.2%
3 Year-2.1%-3.7%10.8%-11.6%49.4%39.5%
5 Year79.4%74.3%67.0%25.6%100.2%78.1%

Long-Term 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?

20.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CW ($117.89) is trading below our estimate of fair value ($147.95)

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


Price To Earnings Ratio

PE vs Industry: CW is good value based on its PE Ratio (21x) compared to the US Aerospace & Defense industry average (22.2x).

PE vs Market: CW is poor value based on its PE Ratio (21x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: CW is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: CW is good value based on its PB Ratio (2.7x) compared to the US Aerospace & Defense industry average (2.8x).


Next Steps

Future Growth

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

20.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CW's forecast earnings growth (20% per year) is above the savings rate (2.2%).

Earnings vs Market: CW's earnings (20% per year) are forecast to grow slower than the US market (21.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CW's revenue (3.6% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: CW's revenue (3.6% 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 (16.6%).


Next Steps

Past Performance

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

11.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CW has high quality earnings.

Growing Profit Margin: CW's current net profit margins (10%) are lower than last year (12.1%).


Past Earnings Growth Analysis

Earnings Trend: CW's earnings have grown by 11.2% 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 (-21.3%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-1.9%).


Return on Equity

High ROE: CW's Return on Equity (13.2%) is considered low.


Next Steps

Financial Health

How is Curtiss-Wright's financial position?


Financial Position Analysis

Short Term Liabilities: CW's short term assets ($1.6B) exceed its short term liabilities ($665.8M).

Long Term Liabilities: CW's short term assets ($1.6B) exceed its long term liabilities ($1.5B).


Debt to Equity History and Analysis

Debt Level: CW's debt to equity ratio (57.3%) is considered high.

Reducing Debt: CW's debt to equity ratio has reduced from 72.7% to 57.3% over the past 5 years.

Debt Coverage: CW's debt is well covered by operating cash flow (25.8%).

Interest Coverage: CW's interest payments on its debt are well covered by EBIT (11x coverage).


Balance Sheet


Next Steps

Dividend

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

0.58%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CW's dividend (0.58%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.48%).

High Dividend: CW's dividend (0.58%) is low compared to the top 25% of dividend payers in the US market (4.14%).


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?

4.7yrs

Average management tenure


CEO

Dave Adams (66 yo)

7.33yrs

Tenure

US$9,185,015

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 ($USD9.19M) is above average for companies of similar size in the US market ($USD6.94M).

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


Leadership Team

NamePositionTenureCompensationOwnership
David Adams
Chairman & CEO7.33yrsUS$9.19m0.17%
$ 8.3m
K. Farkas
VP & CFO0.58yrUS$1.41m0.013%
$ 642.4k
Paul Ferdenzi
General Counsel & Corporate Secretary6.75yrsUS$3.00m0.062%
$ 3.1m
Thomas Quinly
VP & COO (Leave of Absence)0.75yrUS$4.48m0.17%
$ 8.5m
James Ryan
Senior Director of Investor Relations4.67yrsno datano data
Karl Kleiderer
Vice President of Corporate Development8.17yrsno datano data
Tony Jones
Senior Business Unit Controllerno datano datano data
Lynn Bamford
President of Defense & Power Segments0.92yrno datano data
Kevin Rayment
President of Commercial / Industrial Segment0.92yrno datano data
Harry Jakubowitz
VP & Treasurer15.25yrsUS$798.20k0.052%
$ 2.6m
Larry Peach
President of the Curtiss-Wright Metal Treatment Business Segment8.17yrsno datano data
Gary Ogilby
VP & Corporate Controller0.58yrno data0.0019%
$ 93.9k

4.7yrs

Average Tenure

56.5yo

Average Age

Experienced Management: CW's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Adams
Chairman & CEO7.33yrsUS$9.19m0.17%
$ 8.3m
Peter Wallace
Independent Director4.92yrsUS$215.00k0.0099%
$ 484.9k
Albert Smith
Lead Independent Director4.58yrsUS$247.50k0.056%
$ 2.7m
Robert Rivet
Independent Director9.92yrsUS$232.50k0.024%
$ 1.2m
Sheri Fuller
Independent Director20.92yrsUS$230.00k0.028%
$ 1.3m
Dean Flatt
Independent Director8.83yrsUS$215.00k0.021%
$ 1.0m
Glenda Minor
Independent Director1.58yrsUS$102.50k0.0019%
$ 95.4k
Bruce Hoechner
Independent Director3.58yrsUS$215.00k0.0021%
$ 104.7k
John Nathman
Independent Director12.83yrsUS$225.00k0.024%
$ 1.2m

5.9yrs

Average Tenure

66yo

Average Age

Experienced Board: CW's board of directors are considered experienced (5.9 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 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$4.893b
  • Shares outstanding: 41.50m
  • 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 Analysis2020/12/02 23:35
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.