Comparing America\'s 3 Largest Machine Tools And Accessories Companies

by:kingtool aluminium machinery     2020-04-01
* All data is up to mid-
Tuesday, November 25, 2014.
The focus is on corporate fundamentals and financial data, not reviews.
The machine tool and accessories industry is a major supplier of some considerable economic sectors including manufacturing, construction and individual consumers.
The simplest definition is: therefore, the industry is very sensitive to the production and housing cycle, and some companies in the space have even got a little push from the holiday gift season, like the example of Stanley Black & Decker.
Here is a brief introduction to the three largest countries in the United States. S.
Companies in the industry specialize in: As a result, since the beginning of 2009, the machine tool and accessories industry has been gradually rising during the economic recovery thanks
As shown in the following figure, there has been growth in industry, manufacturing and construction.
Where the market S & P 500 index [:black]
Has risen by about 205%, the SPDR industrial sector ETF (NYSE: XLI)[blue]
Kennametal has risen by 275%, and Stanley [the shares of the industry] have risen by 180%beige]
Got 323%, and Timken [purple]
Only hit competitors with 455% growth.
The annual average for S & P is 36.
18% and XLI average 48.
53%, Kennametal average 31.
76%, Stanley average 57%, Timken average 80. 29% per year!
Source: BigCharts.
Looking ahead, the machine tool and accessories industry is expected to continue to benefit from the ongoing economic recovery in manufacturing and construction, as shown in the table below, where green indicates outstanding performance and yellow indicates poor performance.
In recent quarters, revenue in the industry is expected to exceed the average growth rate of the entire market at about 3. 33 to 7.
86 times, cool down slightly to 1.
21 times in 2015, up to 1.
Average 44 times over the next five years. Zooming-
Closer, the three largest economies in the United StatesS.
Companies in the industry are expected to perform poorly in the short term, with Timken shrinking this quarter before making up for losses and more losses in the next quarter.
With the long-term recovery of the economy, the growth of the three companies is expected to exceed the broader market, and Timken remains ahead in 2015 and the next five years.
However, when identifying a company as a potential investment, it is not just revenue growth that should be considered.
Among other indicators, how do these three indicators compare with each other and which one is the best investment?
Let\'s answer this by comparing their company fundamentals in the following format:)
B) financial comparison
Estimates and analyst advice, and c)
Ranking with data sheet.
When we compare each indicator, the company with the best performance will be covered by green shadows, and the company with the worst performance will be covered by yellow shadows, which will be counted in the final ranking later. A)
Financial comparison market value: although the size of the company does not necessarily mean an advantage and therefore does not rank, it is important to compare other financial data to rank as a denominator.
Growth: since there may be a big difference in income and expenses per season, growth is measured over the course of a yearover-
For example, the first quarter of this year compared with the first quarter of the previous year.
In the most recent quarter, Kennametal announced the fastest growing year in revenue --over-
Stanley\'s growth rate is the slowest.
Since Timken\'s revenue growth is not available, the indicator will not be counted in comparison, although it is worth noting that Stanley\'s revenue growth has largely outpaced Kennametal.
Profitability: the company\'s profit margin is very important to determine how much profit the company gets from sales.
Operating profit margin represents the percentage obtained after operating costs (such as labor, materials, and overhead.
Profit margin represents the remaining profit after Operating costs plus all other costs (including debt, interest, taxes and depreciation.
Of our three players, Stanley has the highest profit margin and Timken has the highest profit margin.
At the same time, Timken and kennamet respectively made the most modest profits from profits and operations.
Management Effectiveness: shareholders are very interested in the management\'s ability to do more with what is given to it.
The effectiveness of management is measured by the assets it controls and the returns generated by the equity of the shareholder\'s investment company.
Timken\'s management team provided the largest asset and equity return for its management performance, while Stanley and kennamet\'s team divided the worst returns into two parts.
Earnings per share: Of all the metrics that measure the company\'s revenue, earnings per share may be the most meaningful for shareholders, as this represents the value that the company has added to the outstanding shares per share.
Due to the different number of tradable shares in different companies, I prefer to convert the earnings per share to the percentage of the current share price to better determine where the investment can get the maximum value.
Of the three companies compared here, Kennametal\'s diluted earnings per share for holders of common stock account for the largest percentage of its current share price, while Timken has the lowest DEPS relative to the current share price.
Share price value: even if a company is better than its peers on all of the above indicators, investors may still shy away from its stock if its price is already too high.
This is where the stock price is reviewed relative to the forward earnings and the company\'s book value, and where the earnings of the stock price relative to the earnings growth are reviewed, called the hook ratio.
A lower ratio indicates that stock prices are currently trading at a cheaper price than their peers, and therefore may be a transaction.
Of our three fighters, Kennametal\'s stock is the cheapest relative to forward earnings and the company\'s book value, while Timken\'s stock is relative to 5-year PEG.
In the case of excessive size, each company\'s stock ranks worst in one of the ratios. B)
Of course, no matter how skilled we think we are in measuring the prospects of stocks as investments, we should at least consider the forecasts of professional analysts and the company itself --
It includes estimated future earnings per share and the growth rate of these earnings, stock price targets, and suggestions for buying and selling.
Revenue estimates: in order to correctly compare future earnings per share estimates for multiple companies, we need to convert them to a percentage of the current price of the stock.
Of our three samples, Stanley provided the highest percentage of earnings for the quarter higher than the current share price, and Kennametal provided the percentage of earnings for the remaining period.
At the low end of the scale, Timken provided the lowest percentage for the quarter, while Stanley provided the percentage for the next quarter and 2015.
Long-term revenue growth:
Term investor this indicator is one of the most important considerations because it represents the percentage of expected revenue growth or contraction compared to the income of the corresponding period a year ago.
For revenue growth, Stanley provided the biggest growth for the quarter, while Timken provided the rest of the growth.
In a slow situation, Timken provided revenue contraction during the quarter, Stanley provided the slowest growth in 2015, while Kennametal provided the next quarter and the next five years
Price target: as with the earnings estimate above, in order to correctly compare multiple companies, the company\'s stock price target must also be converted into a percentage of the current price.
For the high, medium and low price targets for the next 12 months, analysts believe that Stanley\'s stock has the smallest potential to rise, the largest downside risk, kennametal\'s biggest advantage and Timken\'s least advantage.
However, it must be noted that Timken\'s stock is already below its low target.
While this may mean an increase in the likelihood of a substantial rise, it may need to re-evaluate future expectations.
Buy/sell suggestions: after all, I said and did it again. Maybe one measure to summarize all this is the analyst\'s suggestion.
These have been translated into a percentage of each level recommended by analysts.
However, I only considered strong buy and buy suggestions in the ranking.
Holding, poor performance, and sales advice are not ranked as they are determined after the winner of the strong purchase and purchase category has been identified, and will only negate those that are officially won.
Of our three competitors, Timken was most popular with three strong purchases and four purchases, representing a total of 63.
Of the 11 analysts, 63% were followed by Stanley, one strong buy and seven buy suggestions representing 42.
Of the 19 analysts, 10% ended up with Kennametal, three strong buyers and one with a buying rating of 26.
67% of the 15 analysts. C)
RankingsHaving calculated all the numbers and compared all the predictions, and now is the time to summarize the outcome and rank our three competitors.
In the table below, you will find all the data considered above, as well as some other data that has not been reviewed.
Here, the use of the company\'s market value as a denominator begins to play a role, because for a fair comparison, most of the data in the table has been converted into a percentage of the market value.
The companies that rank first and last have shadows.
We then add up the results of each company to determine its overall ranking, the results of the first place are regarded as advantages, and the results of the last one are regarded as disadvantages.
The winner is . . . . . . Timken has a well-stocked toolkit that performs well on 16 indicators, does not perform well on 7 indicators, has a net score of 9 points, followed by Kennametal performing well on 10 indicators, poor performance in 8 indicators, net score of 2 points, followed by Stanley, who suffered some very serious blows
Thumbs up, excellent performance on 4 indicators, poor performance on 15 indicators, net divided-11.
The machine tool and accessories industry is expected to be significantly better than the broader market in S & P this quarter and next, with a mild 2015, moderately surpassing the three largest markets in the United States. S.
It is expected that companies in the field will not perform well in the wider market until 2015 and beyond, with Timken leading.
After taking into account the fundamentals of all companies, Timken simply expanded its competitors to a minimum share price of 5-
Annual hook, maximum cash/minimum debt/market value top income, maximum operating margin, highest return on assets and equity, highest growth in overall future earnings, highest dividend, best average and low price targets, and strong buying advice from most analysts.
Won the competition in the machine tool and accessories industry.
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