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WBT

Welbilt NYSE:WBT Stock Report

Last Price

US$23.84

Market Cap

US$3.4b

7D

0.3%

1Y

0.5%

Updated

28 Jun, 2022

Data

Company Financials +
WBT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health3/6
Dividends0/6

WBT Stock Overview

Welbilt, Inc., designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide.

Welbilt Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Welbilt
Historical stock prices
Current Share PriceUS$23.84
52 Week HighUS$25.18
52 Week LowUS$22.90
Beta2.04
1 Month Change0.85%
3 Month Change0.42%
1 Year Change0.46%
3 Year Change46.53%
5 Year Change27.62%
Change since IPO72.75%

Recent News & Updates

May 12

Turtle Creek - Welbilt Inc: The Middleby Acquistion Story

Welbilt Inc. is a company we had followed for years, but only added to our portfolio in mid-2020. In April of 2021, Welbilt announced it had agreed to sell to Middleby Corp. The acquisition is yet to close and no one has come forward with a higher offer.

Shareholder Returns

WBTUS MachineryUS Market
7D0.3%-1.1%1.7%
1Y0.5%-20.6%-20.4%

Return vs Industry: WBT exceeded the US Machinery industry which returned -19.8% over the past year.

Return vs Market: WBT exceeded the US Market which returned -18.8% over the past year.

Price Volatility

Is WBT's price volatile compared to industry and market?
WBT volatility
WBT Average Weekly Movement0.9%
Machinery Industry Average Movement6.0%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: WBT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: WBT's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18644,800Bill Johnsonhttps://www.welbilt.com

Welbilt, Inc., designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide. The company offers commercial upright and undercounter refrigerators and freezers, blast freezers and chillers, and cook-chill systems under the Delfield brand; and walk-in refrigerators, coolers and freezers, and prefabricated cooler and freezer panels under the Kolpak brand. It also provides traditional, combination, convection, conveyor, and rapid-cooking ovens, and range and grill products under the Convotherm, Garland, Lincoln, Merrychef brands, and other brand names; fryers and frying systems under the Frymaster brand; and steam equipment under the Cleveland brand.

Welbilt Fundamentals Summary

How do Welbilt's earnings and revenue compare to its market cap?
WBT fundamental statistics
Market CapUS$3.42b
Earnings (TTM)US$73.90m
Revenue (TTM)US$1.63b

46.2x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WBT income statement (TTM)
RevenueUS$1.63b
Cost of RevenueUS$1.04b
Gross ProfitUS$583.20m
Other ExpensesUS$509.30m
EarningsUS$73.90m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.52
Gross Margin35.85%
Net Profit Margin4.54%
Debt/Equity Ratio395.0%

How did WBT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is WBT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WBT?

Other financial metrics that can be useful for relative valuation.

WBT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA16.5x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does WBT's PE Ratio compare to its peers?

WBT PE Ratio vs Peers
The above table shows the PE ratio for WBT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.7x
JBT John Bean Technologies
30.6x18.5%US$3.6b
FLS Flowserve
39.6x54.2%US$3.8b
GTES Gates Industrial
12x4.4%US$3.2b
AIN Albany International
20.8x10.4%US$2.5b
WBT Welbilt
46.2x55.7%US$3.4b

Price-To-Earnings vs Peers: WBT is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the peer average (25.7x).


Price to Earnings Ratio vs Industry

How does WBT's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Earnings vs Industry: WBT is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the US Machinery industry average (21.5x)


Price to Earnings Ratio vs Fair Ratio

What is WBT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WBT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.2x
Fair PE Ratio41.9x

Price-To-Earnings vs Fair Ratio: WBT is expensive based on its Price-To-Earnings Ratio (46.2x) compared to the estimated Fair Price-To-Earnings Ratio (41.9x).


Share Price vs Fair Value

What is the Fair Price of WBT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WBT ($23.84) is trading below our estimate of fair value ($60.32)

Significantly Below Fair Value: WBT is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: WBT is good value based on its PEG Ratio (0.8x)


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Future Growth

How is Welbilt forecast to perform in the next 1 to 3 years based on estimates from 2 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


55.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WBT's forecast earnings growth (55.7% per year) is above the savings rate (1.9%).

Earnings vs Market: WBT's earnings (55.7% per year) are forecast to grow faster than the US market (13.8% per year).

High Growth Earnings: WBT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WBT's revenue (3.6% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: WBT's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if WBT's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Welbilt performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-23.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WBT has a large one-off loss of $33.6M impacting its March 31 2022 financial results.

Growing Profit Margin: WBT's current net profit margins (4.5%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: WBT's earnings have declined by 23.6% per year over the past 5 years.

Accelerating Growth: WBT's earnings growth over the past year (2209.4%) exceeds its 5-year average (-23.6% per year).

Earnings vs Industry: WBT earnings growth over the past year (2209.4%) exceeded the Machinery industry 24%.


Return on Equity

High ROE: Whilst WBT's Return on Equity (20.02%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Welbilt's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WBT's short term assets ($1.2B) exceed its short term liabilities ($379.2M).

Long Term Liabilities: WBT's short term assets ($1.2B) do not cover its long term liabilities ($1.6B).


Debt to Equity History and Analysis

Debt Level: WBT's net debt to equity ratio (365.7%) is considered high.

Reducing Debt: WBT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: WBT's debt is not well covered by operating cash flow (0.8%).

Interest Coverage: WBT's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate WBT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WBT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WBT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WBT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as WBT has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.4yrs

Average management tenure


CEO

Bill Johnson (58 yo)

3.58yrs

Tenure

US$15,061,487

Compensation

Mr. William C. Johnson, also known as Bill, is the Director at Welbilt, Inc. since October 29, 2018 and has been its President and Chief Executive Officer since November 21, 2018. Mr. Johnson served as the...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD15.06M) is above average for companies of similar size in the US market ($USD6.87M).

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


Leadership Team

Experienced Management: WBT's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: WBT's board of directors are considered experienced (6.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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

Welbilt, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Welbilt, Inc.
  • Ticker: WBT
  • Exchange: NYSE
  • Founded: 1864
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: US$3.418b
  • Shares outstanding: 143.18m
  • Website: https://www.welbilt.com

Number of Employees


Location

  • Welbilt, Inc.
  • 2227 Welbilt Boulevard
  • New Port Richey
  • Florida
  • 34655
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 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.