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TEX

Terex NYSE:TEX Stock Report

Last Price

US$32.39

Market Cap

US$2.3b

7D

1.3%

1Y

-35.4%

Updated

19 May, 2022

Data

Company Financials +
TEX fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance6/6
Financial Health4/6
Dividends2/6

TEX Stock Overview

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide.

Terex Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Terex
Historical stock prices
Current Share PriceUS$32.39
52 Week HighUS$54.25
52 Week LowUS$30.91
Beta1.52
1 Month Change-10.60%
3 Month Change-22.29%
1 Year Change-35.44%
3 Year Change15.68%
5 Year Change-1.28%
Change since IPO233.92%

Recent News & Updates

Apr 19
At US$34.86, Is Terex Corporation (NYSE:TEX) Worth Looking At Closely?

At US$34.86, Is Terex Corporation (NYSE:TEX) Worth Looking At Closely?

Terex Corporation ( NYSE:TEX ), is not the largest company out there, but it received a lot of attention from a...

Shareholder Returns

TEXUS MachineryUS Market
7D1.3%0.6%0.1%
1Y-35.4%-15.8%-12.7%

Return vs Industry: TEX underperformed the US Machinery industry which returned -15.8% over the past year.

Return vs Market: TEX underperformed the US Market which returned -11.5% over the past year.

Price Volatility

Is TEX's price volatile compared to industry and market?
TEX volatility
TEX Average Weekly Movement6.5%
Machinery Industry Average Movement5.7%
Market Average Movement8.0%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.0%

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

FoundedEmployeesCEOWebsite
19868,600John Garrisonhttps://www.terex.com

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It 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 under the Terex and Genie brands.

Terex Fundamentals Summary

How do Terex's earnings and revenue compare to its market cap?
TEX fundamental statistics
Market CapUS$2.28b
Earnings (TTM)US$230.10m
Revenue (TTM)US$4.03b

9.8x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TEX income statement (TTM)
RevenueUS$4.03b
Cost of RevenueUS$3.26b
Gross ProfitUS$767.80m
Other ExpensesUS$537.70m
EarningsUS$230.10m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.32
Gross Margin19.08%
Net Profit Margin5.72%
Debt/Equity Ratio66.4%

How did TEX perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

15%

Payout Ratio

Valuation

Is Terex undervalued compared to its fair value and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: TEX ($32.39) is trading below our estimate of fair value ($75.14)

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 (9.8x) compared to the US Machinery industry average (21.4x).

PE vs Market: TEX is good value based on its PE Ratio (9.8x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: TEX is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: TEX is good value based on its PB Ratio (2x) compared to the US Machinery industry average (2.1x).


Future Growth

How is Terex forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TEX's forecast earnings growth (17.8% per year) is above the savings rate (1.9%).

Earnings vs Market: TEX's earnings (17.8% per year) are forecast to grow faster than the US market (12.4% per year).

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

Revenue vs Market: TEX's revenue (6.6% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: TEX's revenue (6.6% 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 (22.8%)


Past Performance

How has Terex performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


28.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TEX has high quality earnings.

Growing Profit Margin: TEX's current net profit margins (5.7%) are higher than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: TEX has become profitable over the past 5 years, growing earnings by 28.3% per year.

Accelerating Growth: TEX's earnings growth over the past year (213.5%) exceeds its 5-year average (28.3% per year).

Earnings vs Industry: TEX earnings growth over the past year (213.5%) exceeded the Machinery industry 24%.


Return on Equity

High ROE: TEX's Return on Equity (20.7%) is considered high.


Financial Health

How is Terex's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TEX's short term assets ($1.8B) exceed its short term liabilities ($919.5M).

Long Term Liabilities: TEX's short term assets ($1.8B) exceed its long term liabilities ($906.3M).


Debt to Equity History and Analysis

Debt Level: TEX's net debt to equity ratio (46.8%) is considered high.

Reducing Debt: TEX's debt to equity ratio has reduced from 73.2% to 66.4% over the past 5 years.

Debt Coverage: TEX's debt is not well covered by operating cash flow (14%).

Interest Coverage: TEX's interest payments on its debt are well covered by EBIT (7.9x coverage).


Balance Sheet


Dividend

What is Terex current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.60%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TEX's dividend (1.61%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: TEX's dividend (1.61%) is low compared to the top 25% of dividend payers in the US market (4.07%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (14.9%), TEX's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (115.9%), TEX's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

6.0yrs

Average management tenure


CEO

John Garrison (60 yo)

6.5yrs

Tenure

US$9,540,015

Compensation

Mr. John L. Garrison, Jr. has been Chief Executive Officer and President of Terex Corporation since November 2, 2015 and has been its Chairman of the Board since August 15, 2018. Mr. Garrison has been Dire...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD9.54M) is above average for companies of similar size in the US market ($USD5.41M).

Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: TEX's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: TEX's board of directors are considered experienced (6.5 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

Terex Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Terex Corporation
  • Ticker: TEX
  • Exchange: NYSE
  • Founded: 1986
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: US$2.282b
  • Shares outstanding: 69.30m
  • Website: https://www.terex.com

Number of Employees


Location

  • Terex Corporation
  • 45 Glover Avenue
  • 4th Floor
  • Norwalk
  • Connecticut
  • 6850
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/19 00:00
End of Day Share Price2022/05/19 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.