Crane Company
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CRANE CO'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. CRANE CO has average liquidity. Currently, the Quick Ratio is 1.50 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has significantly decreased by 28.58% 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 ($mil) | 532.9 | 485.9 |
EBITDA ($mil) | 78.9 | 69.8 |
EBIT ($mil) | 67.5 | 60.5 |
Net Income ($mil) | 49.4 | 97.2 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 329.6 | 657.6 |
Total Assets ($mil) | 2333.6 | 4390.2 |
Total Debt ($mil) | 315.6 | 1340.6 |
Equity ($mil) | 1357.8 | 1901.4 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 38.51 | 37.95 |
EBITDA Margin | 14.8 | 14.36 |
Operating Margin | 12.67 | 12.45 |
Sales Turnover | 0.89 | 0.46 |
Return on Assets | 10.96 | 9.13 |
Return on Equity | 15.01 | 9.02 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.34 | 1.18 |
Debt/Capital | 0.19 | 0.41 |
Interest Expense | 6.0 | 0.7 |
Interest Coverage | 11.25 | 86.43 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 56.92 | 56.33 |
Div / share | 0.18 | 0.47 |
EPS | 0.86 | 0.7 |
Book value / share | 23.86 | 33.76 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 257134.0 | 218528.0 |
BUY. The current P/E ratio indicates a discount compared to an average of 43.07 for the Fabricated Metal Product Manufacturing subsector and a premium compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 5.41 indicates a premium versus the S&P 500 average of 4.68 and a discount versus the subsector average of 5.58. The current price-to-sales ratio is well above the S&P 500 average, but below the subsector average. Upon assessment of these and other key valuation criteria, CRANE CO proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CR 36.38 | Peers 43.07 | CR 32.21 | Peers 25.53 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CR is trading at a discount to its peers. |
Premium. 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. CR is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CR 23.30 | Peers 21.13 | CR 1.04 | Peers 2.46 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. CR is trading at a significant premium to 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. CR trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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CR 5.41 | Peers 5.58 | CR 19.52 | Peers 31.55 | |||||||||||||||||||||
Average. 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. CR is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CR is expected to significantly 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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CR 3.52 | Peers 3.60 | CR 2.52 | Peers 9.90 | |||||||||||||||||||||
Average. 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. CR is trading at a valuation on par with its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CR significantly trails its peers on the basis of sales growth. |
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