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Pentair

NYSE:PNR
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PNR
NYSE
$6B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Pentair plc provides various smart water solutions worldwide. The last earnings update was 86 days ago. More info.


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PNR Share Price and Events
7 Day Returns
0.1%
NYSE:PNR
1%
US Machinery
-0.3%
US Market
1 Year Returns
-15.2%
NYSE:PNR
3.8%
US Machinery
3.4%
US Market
PNR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pentair (PNR) 0.1% 2.6% -3% -15.2% -40.2% -48.3%
US Machinery 1% 3.1% -3.5% 3.8% 44.6% 26.6%
US Market -0.3% 2.9% 2.1% 3.4% 36.2% 41.3%
1 Year Return vs Industry and Market
  • PNR underperformed the Machinery industry which returned 3.8% over the past year.
  • PNR underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
PNR
Industry
5yr Volatility vs Market

PNR Value

 Is Pentair 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 Pentair 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 Pentair.

NYSE:PNR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
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:PNR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.087 (1 + (1- 19%) (22.72%))
1.193
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% + (1.193 * 6.65%)
10.66%

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

The calculations below outline how an intrinsic value for Pentair 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:PNR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.66%)
2020 448.80 Analyst x4 405.56
2021 475.50 Analyst x1 388.30
2022 503.10 Analyst x1 371.26
2023 527.10 Est @ 4.77% 351.50
2024 549.02 Est @ 4.16% 330.84
2025 569.49 Est @ 3.73% 310.12
2026 589.02 Est @ 3.43% 289.86
2027 607.99 Est @ 3.22% 270.37
2028 626.67 Est @ 3.07% 251.83
2029 645.28 Est @ 2.97% 234.33
Present value of next 10 years cash flows $3,203.96
NYSE:PNR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $645.28 × (1 + 2.73%) ÷ (10.66% – 2.73%)
$8,358.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,358.82 ÷ (1 + 10.66%)10
$3,035.41
NYSE:PNR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,203.96 + $3,035.41
$6,239.36
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,239.36 / 171.89
$36.3
NYSE:PNR Discount to Share Price
Calculation Result
Value per share (USD) From above. $36.30
Current discount Discount to share price of $37.09
= -1 x ($37.09 - $36.30) / $36.30
-2.2%

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

  • The current share price of Pentair is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Pentair's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pentair's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:PNR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.82
NYSE:PNR Share Price ** NYSE (2019-07-18) in USD $37.09
United States of America Machinery Industry PE Ratio Median Figure of 98 Publicly-Listed Machinery Companies 21.1x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.88x

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

** Primary Listing of Pentair.

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

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

= 37.09 ÷ 1.82

20.43x

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

  • Pentair is good value based on earnings compared to the US Machinery industry average.
  • Pentair is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Pentair's expected growth come at a high price?
Raw Data
NYSE:PNR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
9.6%per year
United States of America Machinery Industry PEG Ratio Median Figure of 79 Publicly-Listed Machinery Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.43x ÷ 9.6%

2.13x

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

  • Pentair is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Pentair's assets?
Raw Data
NYSE:PNR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $10.88
NYSE:PNR Share Price * NYSE (2019-07-18) in USD $37.09
United States of America Machinery Industry PB Ratio Median Figure of 126 Publicly-Listed Machinery Companies 2.26x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.8x
NYSE:PNR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 37.09 ÷ 10.88

3.41x

* Primary Listing of Pentair.

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

  • Pentair is overvalued based on assets compared to the US Machinery industry average.
X
Value checks
We assess Pentair'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. Pentair has a total score of 1/6, 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.

PNR Future Performance

 How is Pentair expected to perform in the next 1 to 3 years based on estimates from 14 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
9.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pentair expected to grow at an attractive rate?
  • Pentair's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Pentair's earnings growth is positive but not above the United States of America market average.
  • Pentair's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:PNR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:PNR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 9.6%
NYSE:PNR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 3.3%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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:PNR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:PNR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,356 570 1
2021-12-31 3,184 540 400 5
2020-12-31 3,128 542 413 14
2019-12-31 3,009 424 354 14
NYSE:PNR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,921 350 316
2018-12-31 2,965 439 322
2018-09-30 2,945 543 283
2018-06-30 2,922 637 241
2018-03-31 2,895 559 160
2017-12-31 2,846 620 114
2017-09-30 3,313 666 168
2017-06-30 3,836 647 236
2017-03-31 4,383 770 373
2016-12-31 2,781 861 178
2016-09-30 4,991 900 446
2016-06-30 4,893 923 423

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pentair's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
  • Pentair's revenue is expected to grow by 3.3% 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:PNR 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 14 Analyst Estimates (S&P Global) See Below

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

NYSE:PNR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 2.14 2.14 2.14 1.00
2020-12-31 2.44 2.68 2.27 6.00
2019-12-31 2.06 2.07 2.00 6.00
NYSE:PNR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.82
2018-12-31 1.83
2018-09-30 1.59
2018-06-30 1.34
2018-03-31 0.88
2017-12-31 0.63
2017-09-30 0.92
2017-06-30 1.30
2017-03-31 2.05
2016-12-31 0.98
2016-09-30 2.46
2016-06-30 2.34

*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.
  • Pentair is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Pentair'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.
Pentair has a total score of 2/6, 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.

PNR Past Performance

  How has Pentair 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 Pentair'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.
  • Pentair's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Pentair's 1-year earnings growth exceeds its 5-year average (97.6% vs -21.6%)
  • Pentair's earnings growth has exceeded the US Machinery industry average in the past year (97.6% vs 33.5%).
Earnings and Revenue History
Pentair'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 Pentair Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PNR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,921.40 315.70 488.40 78.60
2018-12-31 2,965.10 321.70 493.70 76.70
2018-09-30 2,945.40 283.40 489.80 75.50
2018-06-30 2,921.60 241.10 492.40 74.30
2018-03-31 2,895.00 159.80 497.30 72.90
2017-12-31 2,845.70 114.10 492.20 73.20
2017-09-30 3,313.00 167.80 600.50 81.90
2017-06-30 3,836.10 236.40 706.20 93.70
2017-03-31 4,383.30 372.50 823.00 104.70
2016-12-31 2,780.60 178.20 519.20 73.30
2016-09-30 4,990.90 446.00 919.00 113.30
2016-06-30 4,893.00 423.20 907.70 108.40
2016-03-31 4,331.40 370.70 783.10 97.40
2015-12-31 4,616.40 397.10 842.70 98.70
2015-09-26 5,129.90 422.90 1,019.40 101.40
2015-06-27 5,775.50 520.70 1,138.40 105.10
2015-03-28 6,870.00 599.70 1,379.60 117.60
2014-12-31 4,666.80 356.60 946.10 96.40
2014-09-27 7,067.50 640.10 1,306.00 116.20
2014-06-28 7,022.40 612.60 1,327.30 119.00
2014-03-29 6,869.20 585.50 1,323.00 118.80
2013-12-31 6,999.70 511.70 1,390.50 122.80
2013-09-28 6,919.60 75.70 1,569.50 127.00
2013-06-29 6,071.80 -57.90 1,421.70 115.50
2013-03-30 5,332.60 -117.50 1,232.80 106.10
2012-12-31 4,306.80 -81.50 989.90 92.30
2012-09-29 3,530.89 -9.90 748.68 81.46

*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.
  • Pentair has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pentair used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
  • Pentair has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pentair'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.
Pentair has a total score of 4/6, 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.

PNR Health

 How is Pentair'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 Pentair's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pentair is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pentair's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pentair'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x 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 Pentair Company Filings, last reported 3 months ago.

NYSE:PNR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,870.40 1,370.70 78.90
2018-12-31 1,836.10 787.60 74.30
2018-09-30 1,880.20 798.80 64.70
2018-06-30 1,888.90 779.90 78.70
2018-03-31 4,719.70 2,673.30 907.50
2017-12-31 5,037.80 1,440.70 86.30
2017-09-30 5,008.60 1,503.40 108.50
2017-06-30 4,903.50 1,699.20 177.80
2017-03-31 4,374.80 4,529.60 238.10
2016-12-31 4,254.40 4,279.20 238.50
2016-09-30 4,355.30 4,411.30 170.90
2016-06-30 4,166.30 4,551.70 173.30
2016-03-31 4,084.20 4,837.10 158.10
2015-12-31 4,008.80 4,685.80 126.30
2015-09-26 4,535.90 4,983.20 144.90
2015-06-27 4,552.10 3,260.90 147.30
2015-03-28 4,423.30 3,403.40 131.10
2014-12-31 4,663.80 2,997.40 110.40
2014-09-27 4,967.40 2,955.60 156.60
2014-06-28 5,718.80 2,736.40 174.40
2014-03-29 5,936.30 2,915.90 211.10
2013-12-31 6,217.70 2,528.90 256.00
2013-09-28 6,201.70 2,553.90 237.70
2013-06-29 5,942.90 2,718.40 253.10
2013-03-30 6,343.00 2,576.00 215.00
2012-12-31 6,487.50 2,457.40 261.30
2012-09-29 7,066.24 1,966.95 642.57
  • Pentair's level of debt (73.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (49.4% vs 73.3% today).
  • Debt is well covered by operating cash flow (25.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.5x coverage).
X
Financial health checks
We assess Pentair'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. Pentair has a total score of 3/6, 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.

PNR Dividends

 What is Pentair'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
1.94%
Current annual income from Pentair dividends. Estimated to be 2.16% next year.
If you bought $2,000 of Pentair shares you are expected to receive $39 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?
  • Pentair's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Pentair's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
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:PNR 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 14 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 75 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 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 3.8%

Industry and Market average data is calculated daily.

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

NYSE:PNR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.72 1.00
2021-12-31 0.90 5.00
2020-12-31 0.84 9.00
2019-12-31 0.72 9.00
NYSE:PNR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-06 0.720 1.964
2019-02-19 0.720 1.731
2018-12-10 0.720 1.811
2018-09-18 0.700 1.687
2018-05-08 0.700 1.605
2018-02-27 1.400 2.151
2017-09-19 1.380 1.970
2017-05-09 1.380 2.141
2017-02-21 1.380 2.227
2017-01-31 1.380 2.360
2016-05-10 1.360 2.269
2016-02-23 1.360 2.554
2015-12-08 1.320 2.795
2015-09-21 1.280 2.328
2015-05-21 1.280 2.122
2015-04-09 1.280 2.035
2014-12-10 1.280 1.982
2014-10-09 1.200 1.831
2014-07-10 1.200 1.764
2014-04-10 1.000 1.336
2014-01-09 1.000 1.284
2013-10-10 1.000 1.425
2013-07-11 1.000 1.593
2013-04-11 0.920 1.632
2013-02-28 0.920 1.755
2013-02-26 0.920 1.763
2013-01-29 0.920 1.790
2012-09-28 0.880 1.882
2012-07-12 0.880 2.068
2012-04-12 0.880 2.149
2011-12-14 0.880 2.314
2011-10-13 0.800 2.201
2011-07-14 0.800 2.351
2011-04-14 0.800 2.044
2010-12-15 0.800 2.159
2010-10-14 0.760 2.255
2010-07-15 0.760 2.317
2010-04-15 0.760 2.235
2010-01-07 0.760 2.277
2009-10-15 0.720 2.282
2009-07-16 0.720 2.509
2009-04-16 0.720 2.798
2009-01-15 0.720 3.251
2008-10-08 0.680 2.760

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Pentair's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Pentair'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 Pentair afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pentair 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.

PNR Management

 What is the CEO of Pentair'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
John Stauch
COMPENSATION $6,014,401
AGE 54
TENURE AS CEO 1.3 years
CEO Bio

Mr. John L. Stauch has been the President, Chief Executive Officer and Director of Pentair plc since April 30, 2018. He served as the Chief Financial Officer of the Automation and Control Systems unit of Honeywell International Inc., from July 2005 to February 2007. He served as a Vice President of Finance and Chief Financial Officer of the Sensing and Controls unit of Honeywell International Inc., from January 2004 to July 2005; Vice President of Finance and Chief Financial Officer of the Automation & Control Products unit of Honeywell International Inc., from July 2002 to January 2004; Chief Financial Officer and IT Director of PerkinElmer Optoelectronics, a unit of PerkinElmer, Inc., from April 2000 to April 2002; Various Executive, investor relations and managerial finance positions with Honeywell International Inc. and its predecessor AlliedSignal Inc., from 1994 to 2000. He began his career at General Motors in plant controllership and financial analyst roles. He has been an Independent Director at Deluxe Corp. since July 7, 2016. Mr. Stauch holds a Bachelor of Arts Degree in finance from Michigan State University.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Pentair management team in years:

1.9
Average Tenure
53
Average Age
  • The average tenure for the Pentair management team is less than 2 years, this suggests a new team.
Management Team

John Stauch

TITLE
President
COMPENSATION
$6M
AGE
54
TENURE
1.3 yrs

Mark Borin

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
52
TENURE
1.3 yrs

Karl Frykman

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
58
TENURE
1.3 yrs

Karla Robertson

TITLE
Executive VP
COMPENSATION
$2M
AGE
48
TENURE
1.3 yrs

Phil Rolchigo

TITLE
Executive VP & CTO
COMPENSATION
$2M
AGE
57
TENURE
2.5 yrs

Ademir Sarcevic

TITLE
Senior VP & Chief Accounting Officer
AGE
44
TENURE
1.3 yrs

Jim Lucas

TITLE
Senior VP of Investor Relations & Treasurer
TENURE
7.1 yrs

Marybeth Thorsgaard

TITLE
Vice President of Communications
TENURE
7.1 yrs

Kelly Baker

TITLE
Executive VP & Chief Human Resources Officer
AGE
50
TENURE
2.5 yrs

John Jacko

TITLE
Executive VP & Chief Growth Officer
COMPENSATION
$3M
AGE
62
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the Pentair board of directors in years:

3.1
Average Tenure
60
Average Age
  • The tenure for the Pentair board of directors is about average.
Board of Directors

Dave Jones

TITLE
Chairman & Lead Director
COMPENSATION
$337K
AGE
70
TENURE
1.3 yrs

John Stauch

TITLE
President
COMPENSATION
$6M
AGE
54
TENURE
1.3 yrs

Glynis Bryan

TITLE
Independent Director
COMPENSATION
$257K
AGE
60
TENURE
15.7 yrs

Mike Glenn

TITLE
Independent Director
COMPENSATION
$252K
AGE
63
TENURE
12.5 yrs

Billie Williamson

TITLE
Independent Director
COMPENSATION
$245K
AGE
67
TENURE
5.5 yrs

Jacques H. Esculier

TITLE
Independent Director
COMPENSATION
$236K
AGE
60
TENURE
5 yrs

Ted Harris

TITLE
Director
COMPENSATION
$192K
AGE
54
TENURE
1.3 yrs

Mike Speetzen

TITLE
Director
COMPENSATION
$192K
AGE
49
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Dec 18 Sell Trian Fund Management, L.P. Company 28. Nov 18 04. Dec 18 -1,123,057 $42.82 $-48,018,883
06. Dec 18 Sell Trian Fund Management, L.P. Company 29. Oct 18 29. Oct 18 -169,687 $39.83 $-6,757,904
30. Oct 18 Sell Trian Fund Management, L.P. Company 23. Oct 18 30. Oct 18 -2,417,213 $39.79 $-94,753,582
15. Aug 18 Sell Trian Fund Management, L.P. Company 13. Aug 18 13. Aug 18 -1,700,000 $42.15 $-71,655,000
X
Management checks
We assess Pentair'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. Pentair 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.

PNR News

Simply Wall St News

How Good Is Pentair plc (NYSE:PNR), When It Comes To ROE?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Pentair: 17% = US$316m ÷ US$1.9b (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Pentair's Debt And Its 17% ROE Although Pentair does use debt, its debt to equity ratio of 0.73 is still low. … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St -

How Does Pentair plc (NYSE:PNR) Fare As A Dividend Stock?

Dividend paying stocks like Pentair plc (NYSE:PNR) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. A slim 2.0% yield is hard to get excited about, but the long payment history is respectable. At the right price, or with strong growth opportunities, Pentair could have potential. The company also bought back stock equivalent to around 5.3% of market capitalisation this year. Some simple analysis can reduce the risk of holding Pentair for its dividend, and we'll focus on the most important aspects below. Explore this interactive chart for our latest analysis on Pentair! NYSE:PNR Historical Dividend Yield, June 19th 2019 Payout ratios Dividends are usually paid out of company earnings. If a company is paying more than it earns, then the dividend might become unsustainable - hardly an ideal situation. So we need to form a view on if a company's dividend is sustainable, relative to its net profit after tax. Pentair paid out 48% of its profit as dividends, over the trailing twelve month period. This is a middling range that strikes a nice balance between paying dividends to shareholders, and retaining enough earnings to invest in future growth. Besides, if reinvestment opportunities dry up, the company has room to increase the dividend. Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. Pentair paid out 52% of its free cash flow last year, which is acceptable, but is starting to limit the amount of earnings that can be reinvested into the business. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. Is Pentair's Balance Sheet Risky? As Pentair has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. Net debt to EBITDA is a measure of a company's total debt. Net interest cover measures the ability to meet interest payments on debt. Essentially we check that a) a company does not have too much debt, and b) that it can afford to pay the interest. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to see if earnings per share (EPS) are growing. … Conclusion When we look at a dividend stock, we need to form a judgement on whether the dividend will grow, if the company is able to maintain it in a wide range of economic circumstances, and if the dividend payout is sustainable.

Simply Wall St -

Are Pentair plc's (NYSE:PNR) Interest Costs Too High?

With this reduction in debt, the current cash and short-term investment levels stands at US$79m to keep the business going. … Additionally, PNR has generated cash from operations of US$350m in the last twelve months, leading to an operating cash to total debt ratio of 24%, signalling that PNR’s debt is appropriately covered by operating cash. … Next Steps: PNR’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Has Pentair plc (NYSE:PNR) Been Employing Capital Shrewdly?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Pentair: 0.13 = US$463m ÷ (US$4.4b - US$705m) (Based on the trailing twelve months to March 2019.) Therefore, Pentair has an ROCE of 13%. … Do Pentair's Current Liabilities Skew Its ROCE? … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Those Who Purchased Pentair (NYSE:PNR) Shares Five Years Ago Have A 48% Loss To Show For It

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the five years over which the share price declined, Pentair's earnings per share (EPS) dropped by 9.2% each year. … Readers should note that the share price has fallen faster than the EPS, at a rate of 12% per year, over the period.

Simply Wall St -

A Look At The Intrinsic Value Of Pentair plc (NYSE:PNR)

by taking the expected future cash flows and discounting them to their present value. … I will use the Discounted Cash Flow (DCF) model! … We generally believe that a company's value is the present value of all of the cash it will generate in the future.

Simply Wall St -

At US$45.06, Is It Time To Put Pentair plc (NYSE:PNR) On Your Watch List?

As a mid-cap 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 Pentair’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Can Pentair plc's (NYSE:PNR) ROE Continue To Surpass The Industry Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.18 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Despite Its High P/E Ratio, Is Pentair plc (NYSE:PNR) Still Undervalued?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Pentair plc's (NYSE:PNR) P/E ratio and reflect on what it tells us about the company's share price. … Pentair has a price to earnings ratio of 23.25, based on the last twelve months.

Simply Wall St -

Is Pentair plc (NYSE:PNR) An Attractive Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Pentair plc (NYSE:PNR) has paid dividends to shareholders, and these days it yields 1.7%. … Let's take a look at Pentair in more detail.

Simply Wall St -

PNR Company Info

Description

Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications. This segment offers its products under the Kreepy Krauly, Pentair, Pentair Aquatic Eco-Systems, and Sta-Rite brand names. The Filtration Solutions segment designs, manufactures, and markets components and systems, such as point-of-entry and point-of-use filtration, valves, and automated controls for residential and commercial applications, as well as advanced filtration, oil and gas separation, membrane technology, and energy recovery for food and beverage, and industrial applications. This segment offers its products under the Codeline, Everpure, Haffmans, Südmo, and X-Flow brand names. The Flow Technologies segment manufactures and sells light duty diaphragm pumps, high-flow turbine pumps, and solid handling pumps. Its pumps are used residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, fluid delivery, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray applications. This segment offers its products under the Aurora, Berkeley, Fairbanks-Nijhuis, Hydromatic, Hypro, Jung Pumpen, Pentair, Myers, Sta-Rite, and Shurflo brand names. It serves businesses engaged in wholesale and retail distribution in the residential and commercial, food and beverage, and industrial verticals, as well as end-users, consumers, and original equipment manufacturers. Pentair plc was founded in 1966 and is headquartered in London, the United Kingdom.

Details
Name: Pentair plc
PNR
Exchange: NYSE
Founded: 1966
$6,375,472,054
171,891,940
Website: http://www.pentair.com
Address: Pentair plc
Regal House,
70 London Road,
London,
Greater London, TW13 QS,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PNR Common Shares New York Stock Exchange US USD 14. Dec 1972
DB PNT Common Shares Deutsche Boerse AG DE EUR 14. Dec 1972
BST PNT Common Shares Boerse-Stuttgart DE EUR 14. Dec 1972
LSE 0Y5X Common Shares London Stock Exchange GB USD 14. Dec 1972
BMV PNR N Common Shares Bolsa Mexicana de Valores MX MXN 14. Dec 1972
Number of employees
Current staff
Staff numbers
10,000
Pentair employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 23:51
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/04/23
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.