Financials Curtiss-Wright Corporation

Equities

CW

US2315611010

Aerospace & Defense

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
254 USD +0.21% Intraday chart for Curtiss-Wright Corporation +1.51% +14.01%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,014 4,829 5,441 6,397 8,520 9,724 - -
Enterprise Value (EV) 1 6,384 5,689 6,321 7,394 9,163 10,012 9,821 9,561
P/E ratio 19.7 x 24.2 x 21.1 x 21.9 x 24.2 x 25 x 23.2 x 20.8 x
Yield 0.47% 0.58% 0.51% 0.45% 0.35% 0.32% 0.34% 0.36%
Capitalization / Revenue 2.42 x 2.02 x 2.17 x 2.5 x 2.99 x 3.25 x 3.09 x 2.92 x
EV / Revenue 2.57 x 2.38 x 2.52 x 2.89 x 3.22 x 3.34 x 3.12 x 2.87 x
EV / EBITDA 12.4 x 11.2 x 11.8 x 13.3 x 15 x 15.7 x 14.4 x 13.3 x
EV / FCF 18.2 x 26.6 x 18.2 x 28.8 x 22.7 x 23.1 x 22 x 20.1 x
FCF Yield 5.51% 3.76% 5.48% 3.47% 4.4% 4.33% 4.54% 4.99%
Price to Book 3.42 x 2.7 x 2.92 x 3.21 x 3.66 x 3.64 x 3.32 x 3 x
Nbr of stocks (in thousands) 42,689 41,502 39,240 38,308 38,241 38,280 - -
Reference price 2 140.9 116.4 138.7 167.0 222.8 254.0 254.0 254.0
Announcement Date 2/26/20 2/24/21 2/23/22 2/21/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,488 2,391 2,506 2,557 2,845 2,994 3,143 3,332
EBITDA 1 513.4 506.9 534.8 555.1 610 639.1 681.5 717.2
EBIT 1 411 391 420.4 443.1 493.8 523.1 566.1 602.1
Operating Margin 16.52% 16.35% 16.78% 17.33% 17.35% 17.47% 18.01% 18.07%
Earnings before Tax (EBT) 1 396.5 - 354.5 389.2 463.1 508.5 549.1 596.3
Net income 1 307.6 201.4 267.2 294.3 354.5 388.8 415.9 448.6
Net margin 12.36% 8.42% 10.66% 11.51% 12.46% 12.99% 13.23% 13.47%
EPS 2 7.150 4.800 6.580 7.620 9.200 10.18 10.96 12.22
Free Cash Flow 1 351.7 213.7 346.6 256.6 403.4 433.7 446.3 476.8
FCF margin 14.13% 8.94% 13.83% 10.03% 14.18% 14.48% 14.2% 14.31%
FCF Conversion (EBITDA) 68.49% 42.15% 64.8% 46.22% 66.14% 67.86% 65.48% 66.48%
FCF Conversion (Net income) 114.33% 106.1% 129.72% 87.16% 113.8% 111.53% 107.3% 106.27%
Dividend per Share 2 0.6600 0.6800 0.7100 0.7500 0.7900 0.8233 0.8633 0.9067
Announcement Date 2/26/20 2/24/21 2/23/22 2/21/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 620.6 666.8 559.5 609.4 630.5 757.7 630.9 704.4 724.3 785.8 664 735.7 761.9 833.8
EBITDA 1 136.1 157.2 98.18 124.4 144.4 188.2 110.2 144.5 162.7 192.6 119.1 151.2 169.7 199
EBIT 1 107.5 129.1 70.81 98.1 114.5 159.7 81.29 115.4 133.9 163.2 90.39 122.4 140.4 169.8
Operating Margin 17.32% 19.36% 12.66% 16.1% 18.16% 21.07% 12.89% 16.39% 18.48% 20.77% 13.61% 16.63% 18.43% 20.36%
Earnings before Tax (EBT) 1 91.34 98.38 - 92.87 97.33 145 73.44 105.7 127 156.8 88.22 120.4 138.5 164.8
Net income 1 69.7 76.58 40.68 70.87 73.77 109 56.85 81 96.78 119.9 66.76 90.92 105 126.3
Net margin 11.23% 11.49% 7.27% 11.63% 11.7% 14.39% 9.01% 11.5% 13.36% 15.26% 10.05% 12.36% 13.79% 15.15%
EPS 2 1.700 1.940 1.050 1.830 1.910 2.820 1.480 2.100 2.510 3.110 1.732 2.370 2.750 3.332
Dividend per Share 2 0.1800 0.1800 0.1800 0.1900 0.1900 0.1900 0.1900 0.2000 0.2000 0.2000 0.2050 0.2050 0.2050 0.2050
Announcement Date 11/3/21 2/23/22 5/4/22 8/3/22 11/2/22 2/21/23 5/3/23 8/2/23 11/1/23 2/14/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 370 860 880 997 643 288 97 -
Net Cash position 1 - - - - - - - 163
Leverage (Debt/EBITDA) 0.7199 x 1.697 x 1.645 x 1.797 x 1.055 x 0.4506 x 0.1423 x -
Free Cash Flow 1 352 214 347 257 403 434 446 477
ROE (net income / shareholders' equity) 18.6% 11.3% 14.8% 16.5% 16.5% 15.8% 15.6% 15.9%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 41.20 43.10 47.50 52.10 60.90 69.80 76.60 84.70
Cash Flow per Share 2 9.800 6.220 9.550 7.630 11.60 13.30 13.80 -
Capex 1 69.8 47.5 41.1 38.2 44.7 61.3 62.1 65.1
Capex / Sales 2.8% 1.99% 1.64% 1.49% 1.57% 2.05% 1.98% 1.95%
Announcement Date 2/26/20 2/24/21 2/23/22 2/21/23 2/14/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
254 USD
Average target price
267.8 USD
Spread / Average Target
+5.44%
Consensus
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