Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$46.62|
|52 Week High||US$23.68|
|52 Week Low||US$55.60|
|1 Month Change||7.20%|
|3 Month Change||0.22%|
|1 Year Change||81.05%|
|3 Year Change||50.97%|
|5 Year Change||95.23%|
|Change since IPO||380.62%|
Recent News & Updates
Terex (NYSE:TEX) Seems To Use Debt Quite Sensibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Terex (NYSE:TEX) Is Looking To Continue Growing Its Returns On Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Terex Corporation: Risks Remain But The Stock Makes For A Solid Prospect
Terex Corporation has not generally been a robust play due to some volatility. However, the overall trend for the company has been positive, and the near-term outlook is encouraging. On the whole, shares also look attractively priced, making it a solid prospect for investors to entertain.
Is Terex Corporation (NYSE:TEX) Trading At A 33% Discount?
How far off is Terex Corporation ( NYSE:TEX ) from its intrinsic value? Using the most recent financial data, we'll...
|TEX||US Machinery||US Market|
Return vs Industry: TEX exceeded the US Machinery industry which returned 25.9% over the past year.
Return vs Market: TEX exceeded the US Market which returned 30.3% over the past year.
Stable Share Price: TEX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TEX's weekly volatility (6%) has been stable over the past year.
About the Company
Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. The company operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers principally under the Terex and Genie brand names.
Terex Fundamentals Summary
|TEX fundamental statistics|
Is TEX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TEX income statement (TTM)|
|Cost of Revenue||US$2.75b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 28, 2021
|Earnings per share (EPS)||2.13|
|Net Profit Margin||4.31%|
How did TEX perform over the long term?See historical performance and comparison
1.0%Current Dividend Yield
Does TEX pay a reliable dividends?See TEX dividend history and benchmarks
|Terex dividend dates|
|Ex Dividend Date||Nov 08 2021|
|Dividend Pay Date||Dec 17 2021|
|Days until Ex dividend||13 days|
|Days until Dividend pay date||52 days|
Does TEX pay a reliable dividends?See TEX dividend history and benchmarks
Is Terex undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TEX ($46.62) is trading below our estimate of fair value ($70.96)
Significantly Below Fair Value: TEX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TEX is good value based on its PE Ratio (21.9x) compared to the US Machinery industry average (29.9x).
PE vs Market: TEX is poor value based on its PE Ratio (21.9x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: TEX is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: TEX is overvalued based on its PB Ratio (3.1x) compared to the US Machinery industry average (2.8x).
How is Terex forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TEX's forecast earnings growth (16.7% per year) is above the savings rate (2%).
Earnings vs Market: TEX's earnings (16.7% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: TEX's earnings are forecast to grow, but not significantly.
Revenue vs Market: TEX's revenue (8.1% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: TEX's revenue (8.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TEX's Return on Equity is forecast to be high in 3 years time (20.7%)
How has Terex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TEX has high quality earnings.
Growing Profit Margin: TEX's current net profit margins (4.3%) are higher than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: TEX's earnings have grown significantly by 22% per year over the past 5 years.
Accelerating Growth: TEX's earnings growth over the past year (246.3%) exceeds its 5-year average (22% per year).
Earnings vs Industry: TEX earnings growth over the past year (246.3%) exceeded the Machinery industry 17.3%.
Return on Equity
High ROE: TEX's Return on Equity (14.4%) is considered low.
How is Terex's financial position?
Financial Position Analysis
Short Term Liabilities: TEX's short term assets ($2.0B) exceed its short term liabilities ($945.0M).
Long Term Liabilities: TEX's short term assets ($2.0B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: TEX's debt to equity ratio (86.6%) is considered high.
Reducing Debt: TEX's debt to equity ratio has reduced from 89.2% to 86.6% over the past 5 years.
Debt Coverage: TEX's debt is well covered by operating cash flow (53.9%).
Interest Coverage: TEX's interest payments on its debt are well covered by EBIT (4.6x coverage).
What is Terex current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: TEX's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: TEX's dividend (1.03%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: TEX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TEX's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (11.2%), TEX's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TEX's dividends in 3 years are forecast to be thoroughly covered by earnings (12.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Garrison (60 yo)
Mr. John L. Garrison, Jr. serves as President of Terex Aerial Work Platforms at Terex Corporation since June 8, 2020. He has been Chief Executive Officer and President of Terex Corporation since November 2...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD7.44M) is above average for companies of similar size in the US market ($USD5.18M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Experienced Management: TEX's management team is considered experienced (4.8 years average tenure).
Experienced Board: TEX's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TEX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Terex Corporation's employee growth, exchange listings and data sources
- Name: Terex Corporation
- Ticker: TEX
- Exchange: NYSE
- Founded: 1986
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: US$3.254b
- Shares outstanding: 69.80m
- Website: https://www.terex.com
Number of Employees
- Terex Corporation
- 45 Glover Avenue
- 4th Floor
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 23:11|
|End of Day Share Price||2021/10/25 00:00|
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.