NYSE:MTW

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry in the Americas, Europe, Africa, the Middle East, and the Asia Pacific.


Snowflake Analysis

Excellent balance sheet and good value.


Similar Companies

Share Price & News

How has Manitowoc Company's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MTW's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

29.9%

MTW

9.0%

US Machinery

3.8%

US Market


1 Year Return

-19.9%

MTW

3.5%

US Machinery

9.7%

US Market

Return vs Industry: MTW underperformed the US Machinery industry which returned 0.5% over the past year.

Return vs Market: MTW underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

MTWIndustryMarket
7 Day29.9%9.0%3.8%
30 Day38.7%20.9%11.4%
90 Day9.3%7.2%6.8%
1 Year-19.9%-19.9%5.5%3.5%12.1%9.7%
3 Year-49.5%-49.5%18.6%11.0%36.2%27.2%
5 Year-24.8%-84.9%52.5%34.3%63.7%45.4%

Price Volatility Vs. Market

How volatile is Manitowoc Company's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Manitowoc Company undervalued compared to its fair value and its price relative to the market?

6.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MTW ($12.15) is trading above our estimate of fair value ($5.07)

Significantly Below Fair Value: MTW is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MTW is good value based on its PE Ratio (6.6x) compared to the Machinery industry average (21.1x).

PE vs Market: MTW is good value based on its PE Ratio (6.6x) compared to the US market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: MTW is good value based on its PEG Ratio (0.1x)


Price to Book Ratio

PB vs Industry: MTW is good value based on its PB Ratio (0.7x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

How is Manitowoc Company forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

58.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTW's forecast earnings growth (58.3% per year) is above the savings rate (2.2%).

Earnings vs Market: MTW's earnings (58.3% per year) are forecast to grow faster than the US market (22.3% per year).

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

Revenue vs Market: MTW's revenue (6.9% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: MTW's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MTW's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Manitowoc Company performed over the past 5 years?

19.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MTW has a large one-off gain of $18.0M impacting its March 31 2020 financial results.

Growing Profit Margin: MTW became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MTW has become profitable over the past 5 years, growing earnings by 19.6% per year.

Accelerating Growth: MTW has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MTW has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (-5.7%).


Return on Equity

High ROE: MTW's Return on Equity (10.6%) is considered low.


Next Steps

Financial Health

How is Manitowoc Company's financial position?


Financial Position Analysis

Short Term Liabilities: MTW's short term assets ($862.8M) exceed its short term liabilities ($451.9M).

Long Term Liabilities: MTW's short term assets ($862.8M) exceed its long term liabilities ($515.4M).


Debt to Equity History and Analysis

Debt Level: MTW's debt to equity ratio (48.9%) is considered high.

Reducing Debt: MTW's debt to equity ratio has reduced from 220.5% to 48.9% over the past 5 years.

Debt Coverage: MTW's debt is well covered by operating cash flow (44.9%).

Interest Coverage: MTW's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Manitowoc Company's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MTW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MTW's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MTW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MTW's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MTW'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?

3.3yrs

Average management tenure


CEO

Barry Pennypacker (58yo)

4.25yrs

Tenure

US$6,373,628

Compensation

Mr. Barry L. Pennypacker has been Chief Executive Officer and President of The Manitowoc Company, Inc. since March 4, 2016. Mr. Pennypacker served as the Chief Executive Officer and President of Manitowoc  ...


CEO Compensation Analysis

Compensation vs Market: Barry's total compensation ($USD6.37M) is above average for companies of similar size in the US market ($USD2.15M).

Compensation vs Earnings: Barry's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Barry Pennypacker
President4.25yrsUS$6.37m0.74% $3.1m
David Antoniuk
Senior VP & CFO4.08yrsUS$2.32m0.14% $576.3k
Terrance Collins
Senior Vice President of Human Resources & Administrationno dataUS$1.38m0.0046% $19.4k
Thomas Doerr
Senior VP2.58yrsUS$1.39m0.0042% $17.6k
Aaron Ravenscroft
Executive Vice President of Cranes4.25yrsUS$2.52m0.058% $243.2k
Brian Regan
VP, Corporate Controller & Principal Accounting Officer1.58yrsno data0.063% $266.1k
Ion Warner
Vice President of Marketing & Investor Relationsno datano datano data
Peter Ruck
Senior Vice President of Business Development2.17yrsUS$1.65m0.031% $130.7k

3.3yrs

Average Tenure

47yo

Average Age

Experienced Management: MTW's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Barry Pennypacker
President4.25yrsUS$6.37m0.74% $3.1m
C. Myers
Independent Director4.25yrsUS$235.70k0.11% $461.2k
Robert Bohn
Independent Lead Directorno dataUS$239.45k0.093% $389.6k
Kenneth Krueger
Non-Executive Chairman4.67yrsUS$334.37k0.22% $908.9k
Roy Armes
Independent Director1.92yrsUS$223.20k0.055% $231.1k
Donald Condon
Independent Director10yrsUS$234.04k0.10% $432.6k
Anne Cooney
Independent Director4.25yrsUS$225.70k0.088% $368.8k
John Pfeifer
Independent Director4.25yrsUS$223.20k0.088% $368.8k
Anne Bélec
Independent Director0.50yrUS$2.50kno data

4.3yrs

Average Tenure

58yo

Average Age

Experienced Board: MTW's board of directors are considered experienced (4.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MTW 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

The Manitowoc Company, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Manitowoc Company, Inc.
  • Ticker: MTW
  • Exchange: NYSE
  • Founded: 1902
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: US$419.278m
  • Shares outstanding: 34.51m
  • Website: https://www.manitowoccranes.com/en

Number of Employees


Location

  • The Manitowoc Company, Inc.
  • One Park Plaza
  • 11270 West Park Place
  • Milwaukee
  • Wisconsin
  • 53224
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTWNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 1972
MNGNDB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972

Biography

The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove, Shuttlelift, and National Crane brands; and a hydraulically powered telescopic boom trucks under the National Crane brand. The company also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services under the Manitowoc Crane Care brand. Its products are used in various applications, including energy production/distribution and utilities; petrochemical and industrial projects; infrastructure applications, such as road, bridge, and airport construction; and commercial and high-rise residential construction. The company was founded in 1902 and is headquartered in Milwaukee, Wisconsin. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 02:10
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
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.