Columbus McKinnon Corporation
Find Ratings Reports
-0.94 |
-1.80%
COLUMBUS MCKINNON CORP's gross profit margin for the third quarter of its fiscal year 2020 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. COLUMBUS MCKINNON CORP has strong liquidity. Currently, the Quick Ratio is 1.99 which shows 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 remained virtually unchanged only increasing by 2.67% 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 | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Net Sales ($mil) | 166.55 | 199.36 |
| EBITDA ($mil) | 17.93 | 29.83 |
| EBIT ($mil) | 10.93 | 22.59 |
| Net Income ($mil) | 6.59 | 15.25 |
| Balance Sheet | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Cash & Equiv. ($mil) | 187.63 | 84.01 |
| Total Assets ($mil) | 1147.39 | 1079.86 |
| Total Debt ($mil) | 286.62 | 289.81 |
| Equity ($mil) | 497.32 | 484.37 |
| Profitability | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Gross Profit Margin | 35.82 | 36.43 |
| EBITDA Margin | 10.76 | 14.96 |
| Operating Margin | 6.56 | 11.33 |
| Sales Turnover | 0.57 | 0.77 |
| Return on Assets | 0.76 | 6.49 |
| Return on Equity | 1.76 | 14.49 |
| Debt | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Current Ratio | 2.87 | 1.76 |
| Debt/Capital | 0.37 | 0.37 |
| Interest Expense | 2.99 | 3.42 |
| Interest Coverage | 3.66 | 6.6 |
| Share Data | Q3 FY20 | Q3 FY19 |
|---|---|---|
| Shares outstanding (mil) | 23.97 | 23.7 |
| Div / share | 0.06 | 0.06 |
| EPS | 0.27 | 0.63 |
| Book value / share | 20.75 | 20.44 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 107298.0 | 79478.0 |
BUY. COLUMBUS MCKINNON CORP's P/E ratio indicates a significant premium compared to an average of 51.90 for the Machinery Manufacturing subsector and a significant premium compared to the S&P 500 average of 44.30. For additional comparison, its price-to-book ratio of 2.60 indicates a significant discount versus the S&P 500 average of 4.38 and a significant discount versus the subsector average of 6.63. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CMCO 149.67 | Peers 41.43 | CMCO 11.89 | Peers 19.13 | |||||||||||||||||||||
|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. CMCO 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. CMCO is trading at a significant discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| CMCO 21.55 | Peers 26.71 | CMCO NM | Peers 0.96 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. CMCO is trading at a significant premium to its peers. |
Neutral. 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. CMCO's negative PEG ratio makes this valuation measure meaningless. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| CMCO 2.60 | Peers 6.63 | CMCO -87.72 | Peers -12.18 | |||||||||||||||||||||
|
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. CMCO 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, CMCO is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| CMCO 1.98 | Peers 441.40 | CMCO -21.95 | Peers -7.80 | |||||||||||||||||||||
|
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. CMCO is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CMCO significantly trails its peers on the basis of sales growth. |
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