The Manitowoc Company, Inc.

NYSE:MTW Stock Report

Mkt Cap: US$482.0m

We’ve recently updated our valuation analysis.

Manitowoc Company Valuation

Is MTW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MTW?

Other financial metrics that can be useful for relative valuation.

MTW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA6.1x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does MTW's PE Ratio compare to its peers?

The above table shows the PE ratio for MTW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30.8x
CYD China Yuchai International
22.4x44.9%US$373.4m
MLR Miller Industries
24.1xn/aUS$331.2m
REVG REV Group
50.4x42.0%US$766.6m
PLOW Douglas Dynamics
26.2x20.1%US$924.9m
MTW Manitowoc Company
28.5x15.1%US$482.0m

Price-To-Earnings vs Peers: MTW is good value based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (30.8x).


Price to Earnings Ratio vs Industry

How does MTW's PE Ratio compare vs other companies in the US Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.0%
n/an/an/a

Price-To-Earnings vs Industry: MTW is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the US Machinery industry average (23.2x)


Price to Earnings Ratio vs Fair Ratio

What is MTW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MTW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.5x
Fair PE Ratio16.7x

Price-To-Earnings vs Fair Ratio: MTW is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.7x).


Share Price vs Fair Value

What is the Fair Price of MTW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MTW ($13.7) is trading below our estimate of fair value ($22.65)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MTW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$13.70
US$11.85
-13.5%
22.5%US$18.00US$9.00n/a10
Jan ’24US$9.16
US$11.15
+21.7%
23.2%US$18.00US$9.00n/a10
Dec ’23US$9.70
US$11.05
+13.9%
22.9%US$18.00US$9.00n/a10
Nov ’23US$9.43
US$11.80
+25.1%
22.7%US$18.00US$9.00n/a10
Oct ’23US$7.75
US$12.70
+63.9%
18.3%US$18.00US$9.00n/a10
Sep ’23US$9.38
US$12.70
+35.4%
18.3%US$18.00US$9.00n/a10
Aug ’23US$11.30
US$15.05
+33.2%
43.1%US$30.00US$9.00n/a10
Jul ’23US$10.59
US$17.60
+66.2%
30.5%US$30.00US$12.50n/a10
Jun ’23US$12.92
US$17.60
+36.2%
30.5%US$30.00US$12.50n/a10
May ’23US$13.24
US$19.60
+48.0%
21.3%US$30.00US$16.00n/a10
Apr ’23US$14.65
US$21.35
+45.7%
20.8%US$30.00US$17.00n/a10
Mar ’23US$15.72
US$23.89
+52.0%
14.8%US$30.00US$17.00n/a9
Feb ’23US$18.47
US$24.22
+31.1%
15.5%US$30.00US$17.00US$13.709
Jan ’23US$18.59
US$24.22
+30.3%
15.5%US$30.00US$17.00US$9.169
Dec ’22US$18.51
US$24.33
+31.5%
15.3%US$30.00US$17.00US$9.709
Nov ’22US$22.44
US$24.89
+10.9%
17.2%US$31.00US$17.00US$9.439
Oct ’22US$22.52
US$26.22
+16.4%
15.0%US$31.00US$17.00US$7.759
Sep ’22US$23.45
US$26.22
+11.8%
15.0%US$31.00US$17.00US$9.389
Aug ’22US$23.15
US$25.00
+8.0%
18.5%US$31.00US$17.00US$11.309
Jul ’22US$24.41
US$25.00
+2.4%
18.5%US$31.00US$17.00US$10.599
Jun ’22US$27.15
US$25.00
-7.9%
18.5%US$31.00US$17.00US$12.929
May ’22US$22.88
US$19.78
-13.6%
23.4%US$31.00US$15.00US$13.249
Apr ’22US$20.61
US$19.17
-7.0%
25.1%US$31.00US$15.00US$14.659
Mar ’22US$16.88
US$15.61
-7.5%
16.1%US$20.00US$10.00US$15.729
Feb ’22US$13.41
US$13.83
+3.2%
22.6%US$20.00US$10.00US$18.479

Analyst Forecast: Target price is lower than the current share price.


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