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Mueller Water Products

NYSE:MWA
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MWA
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Mueller Water Products, Inc. manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. The last earnings update was 70 days ago. More info.


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MWA Share Price and Events
7 Day Returns
3.1%
NYSE:MWA
3.3%
US Machinery
0.8%
US Market
1 Year Returns
5.1%
NYSE:MWA
0.4%
US Machinery
5.9%
US Market
MWA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mueller Water Products (MWA) 3.1% 5.9% 13% 5.1% 6.1% 18.2%
US Machinery 3.3% 6.2% 14.5% 0.4% 50.1% 32.2%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • MWA outperformed the Machinery industry which returned 0.4% over the past year.
Price Volatility
MWA
Industry
5yr Volatility vs Market

Value

 Is Mueller Water Products undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mueller Water Products to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mueller Water Products.

NYSE:MWA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:MWA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 21%) (25.63%))
1.191
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.191 * 5.96%)
9.83%

Discounted Cash Flow Calculation for NYSE:MWA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mueller Water Products is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:MWA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.83%)
2019 86.18 Analyst x4 78.47
2020 115.81 Analyst x4 96.01
2021 128.95 Analyst x2 97.34
2022 139.71 Est @ 8.34% 96.03
2023 149.01 Est @ 6.66% 93.26
2024 157.17 Est @ 5.48% 89.57
2025 164.49 Est @ 4.65% 85.35
2026 171.19 Est @ 4.08% 80.88
2027 177.48 Est @ 3.67% 76.35
2028 183.50 Est @ 3.39% 71.88
Present value of next 10 years cash flows $865.14
NYSE:MWA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $183.50 × (1 + 2.73%) ÷ (9.83% – 2.73%)
$2,656.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,656.58 ÷ (1 + 9.83%)10
$1,040.58
NYSE:MWA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $865.14 + $1,040.58
$1,905.71
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,905.71 / 158.21
$12.05
NYSE:MWA Discount to Share Price
Calculation Result
Value per share (USD) From above. $12.05
Current discount Discount to share price of $10.99
= -1 x ($10.99 - $12.05) / $12.05
8.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mueller Water Products is available for.
Intrinsic value
9%
Share price is $10.99 vs Future cash flow value of $12.05
Current Discount Checks
For Mueller Water Products to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mueller Water Products's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Mueller Water Products's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mueller Water Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mueller Water Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MWA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.19
NYSE:MWA Share Price ** NYSE (2019-04-18) in USD $10.99
United States of America Machinery Industry PE Ratio Median Figure of 103 Publicly-Listed Machinery Companies 21.88x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mueller Water Products.

NYSE:MWA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MWA Share Price ÷ EPS (both in USD)

= 10.99 ÷ 0.19

58.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mueller Water Products is overvalued based on earnings compared to the US Machinery industry average.
  • Mueller Water Products is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Mueller Water Products's expected growth come at a high price?
Raw Data
NYSE:MWA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 58.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
43.6%per year
United States of America Machinery Industry PEG Ratio Median Figure of 83 Publicly-Listed Machinery Companies 1.59x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:MWA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 58.86x ÷ 43.6%

1.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mueller Water Products is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mueller Water Products's assets?
Raw Data
NYSE:MWA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $3.40
NYSE:MWA Share Price * NYSE (2019-04-18) in USD $10.99
United States of America Machinery Industry PB Ratio Median Figure of 129 Publicly-Listed Machinery Companies 2.45x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
NYSE:MWA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MWA Share Price ÷ Book Value per Share (both in USD)

= 10.99 ÷ 3.40

3.23x

* Primary Listing of Mueller Water Products.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mueller Water Products is overvalued based on assets compared to the US Machinery industry average.
X
Value checks
We assess Mueller Water Products's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Mueller Water Products has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mueller Water Products expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
43.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mueller Water Products expected to grow at an attractive rate?
  • Mueller Water Products's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Mueller Water Products's earnings growth is expected to exceed the United States of America market average.
  • Mueller Water Products's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:MWA Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:MWA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 43.6%
NYSE:MWA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 5.4%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:MWA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MWA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 1,099 177 126 3
2020-09-30 1,052 163 112 12
2019-09-30 997 144 67 12
NYSE:MWA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 931 143 30
2018-09-30 916 133 106
2018-06-30 889 103 101
2018-03-31 871 78 110
2017-12-31 837 24 104
2017-09-30 826 16 54
2017-06-30 815 54 54
2017-03-31 807 78 41
2016-12-31 805 135 47
2016-09-30 801 145 45
2016-06-30 896 142 48
2016-03-31 973 134 53

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mueller Water Products's earnings are expected to grow significantly at over 20% yearly.
  • Mueller Water Products's revenue is expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:MWA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Mueller Water Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MWA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 0.79 0.84 0.73 2.00
2020-09-30 0.70 0.80 0.62 8.00
2019-09-30 0.41 0.43 0.38 6.00
NYSE:MWA Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.19
2018-09-30 0.67
2018-06-30 0.64
2018-03-31 0.69
2017-12-31 0.65
2017-09-30 0.34
2017-06-30 0.34
2017-03-31 0.25
2016-12-31 0.29
2016-09-30 0.28
2016-06-30 0.30
2016-03-31 0.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mueller Water Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mueller Water Products's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mueller Water Products has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mueller Water Products performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mueller Water Products's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mueller Water Products's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Mueller Water Products's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mueller Water Products's 1-year earnings growth is negative, it can't be compared to the US Machinery industry average.
Earnings and Revenue History
Mueller Water Products's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mueller Water Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MWA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 930.50 29.50 168.60
2018-09-30 916.00 105.60 167.70
2018-06-30 888.60 100.70 166.40
2018-03-31 870.60 109.50 163.70
2017-12-31 837.10 104.00 160.20
2017-09-30 826.00 54.30 156.80
2017-06-30 814.70 54.00 153.50
2017-03-31 807.20 40.90 154.10
2016-12-31 804.70 46.50 152.40
2016-09-30 800.60 45.10 168.80
2016-06-30 896.40 47.60 164.90
2016-03-31 972.70 53.10 178.40
2015-12-31 1,065.80 55.10 196.80
2015-09-30 793.40 12.50 146.70
2015-06-30 1,173.80 34.80 224.40
2015-03-31 1,191.30 36.80 226.80
2014-12-31 1,189.10 34.20 225.20
2014-09-30 1,184.70 55.50 223.20
2014-06-30 1,157.20 46.10 203.10 14.80
2014-03-31 1,138.10 43.60 204.70 14.80
2013-12-31 1,133.10 41.50 203.10 14.80
2013-09-30 1,120.80 35.40 214.40
2013-06-30 1,108.70 22.90 200.20 12.70
2013-03-31 1,085.20 12.80 196.50 12.70
2012-12-31 1,053.60 -3.70 194.50 12.70
2012-09-30 1,023.90 -5.20 191.50 12.70
2012-06-30 999.10 -15.30 191.90 9.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mueller Water Products has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mueller Water Products used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • Mueller Water Products's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mueller Water Products's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mueller Water Products has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mueller Water Products's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mueller Water Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mueller Water Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mueller Water Products's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mueller Water Products's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mueller Water Products Company Filings, last reported 3 months ago.

NYSE:MWA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 538.90 445.60 198.80
2018-09-30 564.80 445.90 347.10
2018-06-30 538.10 445.90 331.50
2018-03-31 531.80 480.00 323.90
2017-12-31 534.30 481.40 348.30
2017-09-30 489.50 484.40 361.70
2017-06-30 462.30 484.80 353.20
2017-03-31 446.90 482.50 328.30
2016-12-31 423.30 484.30 172.30
2016-09-30 419.50 491.70 195.00
2016-06-30 394.40 491.80 148.30
2016-03-31 373.40 492.60 93.60
2015-12-31 366.50 489.90 104.50
2015-09-30 367.80 491.60 113.10
2015-06-30 339.90 497.20 61.40
2015-03-31 329.00 513.50 34.10
2014-12-31 324.40 499.60 45.10
2014-09-30 351.60 541.00 161.10
2014-06-30 343.80 600.80 150.90
2014-03-31 325.70 600.60 105.10
2013-12-31 321.80 600.70 106.80
2013-09-30 328.20 600.80 123.60
2013-06-30 260.50 600.90 69.20
2013-03-31 246.20 600.90 37.90
2012-12-31 238.70 623.00 74.50
2012-09-30 231.20 622.80 83.00
2012-06-30 265.90 622.80 53.70
  • Mueller Water Products's level of debt (82.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (186.6% vs 82.7% today).
  • Debt is well covered by operating cash flow (32%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Mueller Water Products's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mueller Water Products has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mueller Water Products's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.82%
Current annual income from Mueller Water Products dividends. Estimated to be 1.88% next year.
If you bought $2,000 of Mueller Water Products shares you are expected to receive $36 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mueller Water Products's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Mueller Water Products's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:MWA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:MWA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.25 2.00
2020-09-30 0.21 7.00
2019-09-30 0.19 7.00
NYSE:MWA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-25 0.200 1.935
2018-10-29 0.200 2.009
2018-07-26 0.200 1.738
2018-04-17 0.200 1.749
2018-01-24 0.200 1.810
2017-10-25 0.160 1.303
2017-08-01 0.160 1.314
2017-04-19 0.160 1.399
2017-01-09 0.160 1.285
2016-10-31 0.120 0.919
2016-07-27 0.120 0.986
2016-03-31 0.120 1.108
2016-01-27 0.080 0.921
2015-10-21 0.080 0.925
2015-07-21 0.080 0.951
2015-04-21 0.080 0.855
2015-01-28 0.070 0.731
2014-10-22 0.070 0.712
2014-07-22 0.070 0.811
2014-04-22 0.070 0.809
2014-01-29 0.070 0.756
2013-10-23 0.070 0.798
2013-07-24 0.070 0.898
2013-04-23 0.070 0.992
2013-01-30 0.070 1.203
2012-10-24 0.070 1.284
2012-07-25 0.070 1.648
2012-04-25 0.070 2.006
2012-01-25 0.070 2.203
2011-10-26 0.070 2.950
2011-07-27 0.070 2.897
2011-04-27 0.070 1.798
2011-01-26 0.070 1.713
2010-10-27 0.070 1.860
2010-07-29 0.070 2.426
2010-04-28 0.070 1.672
2010-01-28 0.070 1.415
2009-10-29 0.070 1.388
2009-07-29 0.070 1.492
2009-04-29 0.070 1.865
2009-04-20 0.070 1.844

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Mueller Water Products's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Mueller Water Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mueller Water Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mueller Water Products has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mueller Water Products's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
J. Hall
COMPENSATION $3,195,398
AGE 54
TENURE AS CEO 2.3 years
CEO Bio

Mr. J. Scott Hall has been the Chief Executive Officer and President of Mueller Water Products, Inc. since January 23, 2017. Mr. Hall served as the President of Textron Industrial Segment and Greenlee at Textron Inc. until March 8, 2016. He served as President and Chief Executive Officer of Textron Industrial Segment from December 2009 to January 2017 & Textron Tools & Test at Textron Inc. since March 8, 2016. He served as the President of Greenlee Inc. of Textron Inc. since 2003. He joined Textron in 2001 as President of Tempo. Prior to joining Textron, he served as Senior Vice President & General Manager of Communications Business at General Cable Corporation. He has been a Director of Mueller Water Products, Inc. since January 25, 2017. Mr. Hall held a number of leadership positions during a 17-year career at General Cable Co. Mr. Hall ran General Cable’s Canadian businesses before taking over responsibility for General Cable’s Global Communications business. He serves on the Board of Directors of the National Association of Manufacturers. He serves as a Trustee of Manufacturers Alliance for Productivity and Innovation, Inc. In addition to his business commitments, Mr. Hall also serves on many boards, including the Rockford ProAm. He is a Trustee on the Manufacturers Alliance/MAPI Board of Trustees, a leading business research and executive education organization and advocate for manufacturing interests. He holds a Bachelor of Commerce from Memorial University of Newfoundland and an MBA from the University of Western Ontario's Ivey School of Business.

CEO Compensation
  • J.'s compensation has been consistent with company performance over the past year.
  • J.'s remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Mueller Water Products management team in years:

1.3
Average Tenure
52
Average Age
  • The average tenure for the Mueller Water Products management team is less than 2 years, this suggests a new team.
Management Team

J. Hall

TITLE
President
COMPENSATION
$3M
AGE
54
TENURE
2.3 yrs

Martie Zakas

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
59
TENURE
1.3 yrs

Steve Heinrichs

TITLE
Executive VP
COMPENSATION
$888K
AGE
50
TENURE
0.7 yrs

Greg Rogowski

TITLE
Executive Vice President of Sales & Marketing
COMPENSATION
$2M
AGE
59
TENURE
1.5 yrs

William Cofield

TITLE
Senior Vice President of Operations & Supply Chain
AGE
59
TENURE
1.3 yrs

Michael Nancarrow

TITLE
VP & Chief Accounting Officer
AGE
44
TENURE
1.3 yrs

Whit Kincaid

TITLE
Senior Director of Investor Relations and Corporate Development
TENURE
1.2 yrs

Yolanda Kokayi

TITLE
Director of Communications

Jennifer O'Keefe

TITLE
Vice President of Human Resources
AGE
43

Hassan Ali

TITLE
Senior Vice President of Engineering & Information Technology Officer
AGE
48
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Mueller Water Products board of directors in years:

8.4
Average Tenure
73.5
Average Age
  • The tenure for the Mueller Water Products board of directors is about average.
Board of Directors

Mark O’Brien

TITLE
Non-Executive Chairman
COMPENSATION
$229K
AGE
75
TENURE
1.3 yrs

J. Hall

TITLE
President
COMPENSATION
$3M
AGE
54
TENURE
2.3 yrs

Mike Tokarz

TITLE
Independent Director
COMPENSATION
$223K
AGE
69
TENURE
13 yrs

Jerry Kolb

TITLE
Independent Director
COMPENSATION
$215K
AGE
82
TENURE
13 yrs

Bernard Rethore

TITLE
Independent Director
COMPENSATION
$199K
AGE
76
TENURE
13 yrs

Lydia Thomas

TITLE
Independent Director
COMPENSATION
$188K
AGE
74
TENURE
11.3 yrs

Tom Hansen

TITLE
Independent Director
COMPENSATION
$191K
AGE
69
TENURE
7.5 yrs

Shirley Franklin

TITLE
Independent Director
COMPENSATION
$178K
AGE
73
TENURE
8.4 yrs

Christine Ortiz

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Nov 18 Sell Hassan Ali Individual 28. Nov 18 28. Nov 18 -630 $10.54 $-6,638
X
Management checks
We assess Mueller Water Products's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mueller Water Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is It Too Late To Consider Buying Mueller Water Products, Inc. (NYSE:MWA)?

Mueller Water Products, Inc. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on Mueller Water Products’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Is Mueller Water Products, Inc.'s (NYSE:MWA) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Mueller Water Products, Inc. … However, an important fact which most ignore is: how financially healthy is the business? … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

Are Mueller Water Products, Inc.’s Returns On Capital Worth Investigating?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed?

Simply Wall St -

Is Mueller Water Products, Inc.'s (NYSE:MWA) P/E Ratio Really That Good?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Mueller Water Products has a P/E ratio of 14.4, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Before You Buy Mueller Water Products, Inc. (NYSE:MWA), Consider Its Volatility

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Do Investors Need To Know About Mueller Water Products, Inc.'s (NYSE:MWA) Growth?

In September 2018, Mueller Water Products, Inc. … (NYSE:MWA) released its earnings update. … with earnings expected to decline by -6.3% in the upcoming year

Simply Wall St -

What Does Mueller Water Products, Inc.'s (NYSE:MWA) Share Price Indicate?

saw significant share price movement during recent months on the NYSE, rising to highs of $12 and falling to the lows of $9.12. … A question to answer is whether Mueller Water Products's current trading price of $9.12 reflective of the actual value of the? … Let’s take a look at Mueller Water Products’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Is Mueller Water Products Inc (NYSE:MWA) A High Quality Stock To Own?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Mueller Water Products Inc (NYSE:MWA). … Over the last twelve months Mueller Water Products has recorded a ROE of 19%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Do Analysts Think About Mueller Water Products Inc's (NYSE:MWA) Future?

In September 2018, Mueller Water Products Inc (NYSE:MWA) released its latest earnings announcement, whicha

Simply Wall St -

Mueller Water Products Inc (NYSE:MWA)'s Return on Capital

and want to begin learning the link between Mueller Water Products Inc (NYSE:MWA)’s return fundamentals and stock market performance. … Thus, to understand how your money can grow by investing in Mueller Water Products, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … View our latest analysis for Mueller Water Products

Simply Wall St -

Company Info

Description

Mueller Water Products, Inc. manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off. It sells its products primarily through waterworks distributors to various end user customers comprising municipalities, water and wastewater utilities, gas utilities, and fire protection and construction contractors. The Technologies segment provides residential and commercial water metering, water leak detection, and pipe condition assessment products, systems, and services directly to municipalities and waterworks distributors, as well as to end users. The company is headquartered in Atlanta, Georgia.

Details
Name: Mueller Water Products, Inc.
MWA
Exchange: NYSE
Founded:
$1,738,743,989
158,211,464
Website: http://www.muellerwaterproducts.com
Address: Mueller Water Products, Inc.
1200 Abernathy Road N.E.,
Suite 1200,
Atlanta,
Georgia, 30328,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MWA Series A Common Stock New York Stock Exchange US USD 26. May 2006
DB JT5 Series A Common Stock Deutsche Boerse AG DE EUR 26. May 2006
Number of employees
Current staff
Staff numbers
2,700
Mueller Water Products employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 23:59
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.