Woodward Inc.
Find Ratings ReportsWOODWARD INC's gross profit margin for the first quarter of its fiscal year 2024 has increased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its subsector. WOODWARD INC has strong liquidity. Currently, the Quick Ratio is 1.61 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 12.92% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q1 FY24 | Q1 FY23 |
---|---|---|
Net Sales ($mil) | 786.73 | 618.62 |
EBITDA ($mil) | 132.11 | 63.44 |
EBIT ($mil) | 103.28 | 34.14 |
Net Income ($mil) | 90.04 | 29.61 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 150.45 | 107.1 |
Total Assets ($mil) | 4130.81 | 3894.81 |
Total Debt ($mil) | 743.78 | 860.33 |
Equity ($mil) | 2190.06 | 1939.44 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 29.64 | 25.1 |
EBITDA Margin | 16.79 | 10.25 |
Operating Margin | 13.13 | 5.52 |
Sales Turnover | 0.75 | 0.63 |
Return on Assets | 7.08 | 4.39 |
Return on Equity | 13.37 | 8.82 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 2.65 | 2.15 |
Debt/Capital | 0.25 | 0.31 |
Interest Expense | 11.44 | 11.14 |
Interest Coverage | 9.03 | 3.06 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 60.08 | 59.38 |
Div / share | 0.22 | 0.19 |
EPS | 1.46 | 0.49 |
Book value / share | 36.45 | 32.66 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 326534.0 | 333898.0 |
BUY. WOODWARD INC's P/E ratio indicates a premium compared to an average of 23.30 for the Transportation Equipment Manufacturing subsector and a premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 3.98 indicates a discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 4.90. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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WWD 30.62 | Peers 23.30 | WWD 24.84 | Peers 20.65 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. WWD is trading at a significant premium 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. WWD is trading at a premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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WWD 24.62 | Peers 16.58 | WWD 0.76 | Peers 2.67 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. WWD 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. WWD trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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WWD 3.98 | Peers 4.90 | WWD 72.36 | Peers 54.33 | |||||||||||||||||||||
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. WWD is trading at a discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. WWD is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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WWD 2.83 | Peers 3.84 | WWD 25.32 | Peers 19.37 | |||||||||||||||||||||
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. WWD 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. WWD has a sales growth rate that significantly exceeds its peers. |
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