NYSE:MTW

Stock Analysis Report

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

Fundamentals

Fair value with mediocre balance sheet.


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


Market Performance


7 Day Return

6.2%

MTW

2.5%

US Machinery

0.5%

US Market


1 Year Return

-36.4%

MTW

8.6%

US Machinery

6.8%

US Market

Return vs Industry: MTW underperformed the US Machinery industry which returned 8.6% over the past year.

Return vs Market: MTW underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

MTWIndustryMarket
7 Day6.2%2.5%0.5%
30 Day-8.7%1.6%-0.8%
90 Day-33.4%-0.6%-0.9%
1 Year-36.4%-36.4%10.9%8.6%9.2%6.8%
3 Year-27.0%-27.0%49.9%40.2%45.6%36.2%
5 Year-20.4%-84.0%57.8%38.6%63.2%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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MTW ($12.09) is trading below our estimate of fair value ($58.5)

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


Price To Earnings Ratio

PE vs Industry: MTW is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: MTW is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MTW's PEG Ratio to determine if it is good value.


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 11 analysts?

36.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTW is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MTW is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MTW is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MTW's revenue is expected to decline over the next 3 years (-1.8% per year).

High Growth Revenue: MTW's revenue is forecast to decline over the next 3 years (-1.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MTW's Return on Equity is forecast to be low in 3 years time (8.9%).


Next Steps

Past Performance

How has Manitowoc Company performed over the past 5 years?

-15.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MTW is unprofitable, and losses have increased over the past 5 years at a rate of -15.9% per year.

Accelerating Growth: Unable to compare MTW's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MTW is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (17.5%).


Return on Equity

High ROE: MTW has a negative Return on Equity (-7.66%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: MTW is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: MTW is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Manitowoc Company's financial position?


Financial Position Analysis

Short Term Liabilities: MTW's short term assets ($907.5M) exceeds its short term liabilities ($508.9M)

Long Term Liabilities: MTW's short term assets (907.5M) exceeds its long term liabilities (524.0M)


Debt to Equity History and Analysis

Debt Level: MTW's debt to equity ratio (51.4%) is considered high

Reducing Debt: MTW's debt to equity ratio has reduced from 216.4% to 51.4% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: MTW's debt is covered by short term assets (assets are 2.851080x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MTW has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MTW has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage2.1%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Manitowoc Company's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Barry Pennypacker (58yo)

3.6yrs

Tenure

US$5,086,182

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 ($USD5.09M) is about average for companies of similar size in the US market ($USD1.80M).

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


Management Age and Tenure

1.9yrs

Average Tenure

47yo

Average Age

Experienced Management: MTW's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

3.6yrs

Average Tenure

60.5yo

Average Age

Experienced Board: MTW's board of directors are considered experienced (3.6 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$83,93104 Jun 19
David Antoniuk
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares6,014
Max PriceUS$13.96
SellUS$203,86201 Apr 19
Barry Pennypacker
EntityIndividual
Role
Chief Executive Officer
President
Shares12,388
Max PriceUS$16.46
SellUS$52,57501 Apr 19
Aaron Ravenscroft
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Manitowoc
Shares3,191
Max PriceUS$16.48

Ownership Breakdown


Management Team

  • Barry Pennypacker (58yo)

    President

    • Tenure: 3.6yrs
    • Compensation: US$5.09m
  • David Antoniuk (61yo)

    Senior VP & CFO

    • Tenure: 3.4yrs
    • Compensation: US$1.94m
  • Aaron Ravenscroft (41yo)

    Executive Vice President of Manitowoc

    • Tenure: 3.6yrs
    • Compensation: US$1.82m
  • Terrance Collins (54yo)

    Senior Vice President of Human Resources & Administration

    • Tenure: 1.5yrs
  • Ion Warner

    Vice President of Marketing & Investor Relations

    • Tenure: 0yrs
  • Tom Doerr (44yo)

    Senior VP

    • Tenure: 1.9yrs
    • Compensation: US$1.29m
  • Peter Ruck (47yo)

    Senior Vice President of Business Development

    • Tenure: 1.5yrs
    • Compensation: US$1.65m
  • Brian Regan (46yo)

    VP, Corporate Controller & Principal Accounting Officer

    • Tenure: 0.9yrs

Board Members

  • C. Myers (55yo)

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: US$190.22k
  • Bob Bohn (66yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: US$213.34k
  • Ken Krueger (63yo)

    Chairman

    • Tenure: 4yrs
    • Compensation: US$290.19k
  • Roy Armes (66yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$100.23k
  • Barry Pennypacker (58yo)

    President

    • Tenure: 3.6yrs
    • Compensation: US$5.09m
  • Don Condon (68yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: US$190.08k
  • Anne Cooney (58yo)

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: US$182.69k
  • John Pfeifer (54yo)

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: US$180.19k

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$427.352m
  • Shares outstanding: 35.35m
  • 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 distrib ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:38
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
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.