company background image
SNA

Snap-onNYSE:SNA Stock Report

Market Cap

US$11.6b

7D

0.5%

1Y

51.1%

Updated

25 Sep, 2021

Data

Company Financials +
SNA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance6/6
Financial Health5/6
Dividends5/6

SNA Overview

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide.

Snap-on Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Snap-on
Historical stock prices
Current Share PriceUS$214.59
52 Week HighUS$142.15
52 Week LowUS$259.99
Beta1.28
1 Month Change-4.56%
3 Month Change-3.26%
1 Year Change51.08%
3 Year Change16.88%
5 Year Change41.22%
Change since IPO875.41%

Recent News & Updates

Shareholder Returns

SNAUS MachineryUS Market
7D0.5%-0.06%0.1%
1Y51.1%37.4%35.3%

Return vs Industry: SNA exceeded the US Machinery industry which returned 37.4% over the past year.

Return vs Market: SNA exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is SNA's price volatile compared to industry and market?
SNA volatility
SNA Beta1.28
Industry Beta1.25
Market Beta1

Stable Share Price: SNA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SNA's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192012,300Nicholas Pinchukhttps://www.snapon.com

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

Snap-on Fundamentals Summary

How do Snap-on's earnings and revenue compare to its market cap?
SNA fundamental statistics
Market CapUS$11.58b
Earnings (TTM)US$789.20m
Revenue (TTM)US$4.48b

14.7x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNA income statement (TTM)
RevenueUS$4.48b
Cost of RevenueUS$2.07b
Gross ProfitUS$2.32b
ExpensesUS$1.53b
EarningsUS$789.20m

Last Reported Earnings

Jul 03, 2021

Next Earnings Date

n/a

Earnings per share (EPS)14.62
Gross Margin51.75%
Net Profit Margin17.63%
Debt/Equity Ratio36.0%

How did SNA perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

33%

Payout Ratio

Valuation

Is Snap-on undervalued compared to its fair value and its price relative to the market?

19.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SNA ($214.59) is trading below our estimate of fair value ($266.82)

Significantly Below Fair Value: SNA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SNA is good value based on its PE Ratio (14.7x) compared to the US Machinery industry average (29.4x).

PE vs Market: SNA is good value based on its PE Ratio (14.7x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: SNA is poor value based on its PEG Ratio (6.5x)


Price to Book Ratio

PB vs Industry: SNA's PB Ratio (2.9x) is in line with the US Machinery industry average.


Future Growth

How is Snap-on forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

2.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNA's forecast earnings growth (2.3% per year) is above the savings rate (2%).

Earnings vs Market: SNA's earnings (2.3% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: SNA's earnings are forecast to grow, but not significantly.

Revenue vs Market: SNA's revenue (2.6% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: SNA's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SNA's Return on Equity is forecast to be low in 3 years time (16.1%).


Past Performance

How has Snap-on performed over the past 5 years?

5.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNA has high quality earnings.

Growing Profit Margin: SNA's current net profit margins (17.6%) are higher than last year (15.2%).


Past Earnings Growth Analysis

Earnings Trend: SNA's earnings have grown by 5.4% per year over the past 5 years.

Accelerating Growth: SNA's earnings growth over the past year (37.3%) exceeds its 5-year average (5.4% per year).

Earnings vs Industry: SNA earnings growth over the past year (37.3%) exceeded the Machinery industry 22.1%.


Return on Equity

High ROE: SNA's Return on Equity (20.1%) is considered high.


Financial Health

How is Snap-on's financial position?


Financial Position Analysis

Short Term Liabilities: SNA's short term assets ($3.1B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: SNA's short term assets ($3.1B) exceed its long term liabilities ($1.5B).


Debt to Equity History and Analysis

Debt Level: SNA's debt to equity ratio (36%) is considered satisfactory.

Reducing Debt: SNA's debt to equity ratio has increased from 34.2% to 36% over the past 5 years.

Debt Coverage: SNA's debt is well covered by operating cash flow (75.8%).

Interest Coverage: SNA's interest payments on its debt are well covered by EBIT (20x coverage).


Balance Sheet


Dividend

What is Snap-on current dividend yield, its reliability and sustainability?

2.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SNA's dividend (2.29%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: SNA's dividend (2.29%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: SNA's dividends per share have been stable in the past 10 years.

Growing Dividend: SNA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.7%), SNA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SNA's dividends in 3 years are forecast to be well covered by earnings (36.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Nicholas Pinchuk (74 yo)

13.75yrs

Tenure

US$7,933,529

Compensation

Mr. Nicholas T. Pinchuk has been the Chief Executive Officer at Snap-on Inc. since December 2007 and its President since April 2007. Mr. Pinchuk served as the President of Worldwide Commercial and Industri...


CEO Compensation Analysis

Compensation vs Market: Nicholas's total compensation ($USD7.93M) is below average for companies of similar size in the US market ($USD11.36M).

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


Leadership Team

Experienced Management: SNA's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: SNA's board of directors are seasoned and experienced ( 11.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SNA insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Snap-on Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Snap-on Incorporated
  • Ticker: SNA
  • Exchange: NYSE
  • Founded: 1920
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$11.582b
  • Shares outstanding: 53.97m
  • Website: https://www.snapon.com

Number of Employees


Location

  • Snap-on Incorporated
  • 2801 80th Street
  • Kenosha
  • Wisconsin
  • 53143
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:18
End of Day Share Price2021/09/24 00:00
Earnings2021/07/03
Annual Earnings2021/01/02


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.