Curtiss-Wright Corporation
Find Ratings ReportsCURTISS-WRIGHT CORP'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. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its subsector. CURTISS-WRIGHT CORP has average liquidity. Currently, the Quick Ratio is 1.41 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.
During the same period, stockholders' equity ("net worth") has increased by 16.88% 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 ($mil) | 785.79 | 757.67 |
EBITDA ($mil) | 190.03 | 185.75 |
EBIT ($mil) | 160.69 | 157.25 |
Net Income ($mil) | 119.89 | 109.02 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 406.87 | 256.97 |
Total Assets ($mil) | 4620.97 | 4449.6 |
Total Debt ($mil) | 1207.53 | 1425.61 |
Equity ($mil) | 2328.41 | 1992.12 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 42.51 | 42.37 |
EBITDA Margin | 24.18 | 24.51 |
Operating Margin | 20.45 | 20.75 |
Sales Turnover | 0.62 | 0.57 |
Return on Assets | 7.67 | 6.61 |
Return on Equity | 15.23 | 14.78 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.13 | 1.56 |
Debt/Capital | 0.34 | 0.42 |
Interest Expense | 10.96 | 13.67 |
Interest Coverage | 14.66 | 11.51 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 38.2 | 38.26 |
Div / share | 0.2 | 0.19 |
EPS | 3.11 | 2.82 |
Book value / share | 60.95 | 52.07 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 163084.0 | 175092.0 |
BUY. The current P/E ratio indicates a significant discount compared to an average of 43.07 for the Fabricated Metal Product Manufacturing subsector and a value on par with the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 3.95 indicates a discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 5.58. The current price-to-sales ratio is above the S&P 500 average, but below the subsector average. Upon assessment of these and other key valuation criteria, CURTISS-WRIGHT CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CW 26.19 | Peers 43.07 | CW 20.54 | Peers 25.53 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CW is trading at a significant discount 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. CW is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CW 22.01 | Peers 21.13 | CW 2.45 | 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. CW is trading at a premium to its peers. |
Average. 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. CW trades at a valuation on par to its peers. |
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Price/Book |
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Earnings Growth |
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CW 3.95 | Peers 5.58 | CW 20.89 | 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. CW 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, CW 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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CW 3.24 | Peers 3.60 | CW 11.27 | 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. CW is trading at a valuation on par with its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. CW has a sales growth rate that exceeds its peers. |
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