Barnes Group Inc.
Find Ratings ReportsBARNES GROUP INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. BARNES GROUP INC has average liquidity. Currently, the Quick Ratio is 1.27 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.18% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 415.54 | 313.47 |
EBITDA ($mil) | 84.64 | 58.09 |
EBIT ($mil) | 48.02 | 34.96 |
Net Income ($mil) | 7.22 | 15.57 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 92.04 | 78.99 |
Total Assets ($mil) | 3308.01 | 2413.73 |
Total Debt ($mil) | 1337.94 | 598.42 |
Equity ($mil) | 1362.26 | 1346.33 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 39.06 | 40.07 |
EBITDA Margin | 20.36 | 18.53 |
Operating Margin | 11.56 | 11.15 |
Sales Turnover | 0.44 | 0.52 |
Return on Assets | 0.48 | 0.55 |
Return on Equity | 1.17 | 1.0 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.29 | 2.4 |
Debt/Capital | 0.5 | 0.31 |
Interest Expense | 23.56 | 4.38 |
Interest Coverage | 2.04 | 7.99 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 50.69 | 50.59 |
Div / share | 0.16 | 0.16 |
EPS | 0.14 | 0.3 |
Book value / share | 26.88 | 26.61 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 349799.0 | 457607.0 |
HOLD. BARNES GROUP INC's P/E ratio indicates a significant premium compared to an average of 43.07 for the Fabricated Metal Product Manufacturing subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.37 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 5.58. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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B 118.87 | Peers 43.07 | B 16.62 | Peers 25.53 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. B is trading at a significant premium to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. B is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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B 17.98 | Peers 21.13 | B 0.27 | Peers 2.46 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. B is trading at a valuation on par with its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. B trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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B 1.37 | Peers 5.58 | B 24.00 | Peers 31.55 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. B is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, B is expected to trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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B 1.29 | Peers 3.60 | B 14.97 | Peers 9.90 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. B is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. B has a sales growth rate that significantly exceeds its peers. |
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