Barnes Group Inc

Industrials
Metal Fabrications
www.onebarnes.com

Earnings Score
Moat Score
Safety Score

Market Cap $2.41B
PE -61
Debt $1.16B
Cash $80.68M
EV $3.49B
FCF $31.04M

Earnings

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Sales & Net Margins

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Earnings	-$39.80M
EBIT	$109.10M
ROE	-3%
ROA	4%
FCF	$31.04M
Equity	$1.30B
Growth Stability	13%
PE	-60.58
PEG	1.89
PB	1.85
P/FCF	77.68
P/S	1.49
Price/Cash	0.03
Debt/Equity	0.89
Debt/FCF	37.24
Net Margins	-4%
Gross Margins	31%
Op. Margins	7%
Earnings CAGR	-17%
Sales Growth YoY	7%
Sales Growth QoQ	1%
Sales CAGR	1%
FCF CAGR	-19%
Equity CAGR	2%
Earnings Stability	0.34
Earnings Growth YoY	-90%
Earnings Growth QoQ	-95%
Earnings CAGR 5Y	-32%

Sales CAGR 5Y	4%
FCF CAGR 5Y	-41%
Equity CAGR 5Y	0%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	-46%
Equity CAGR 3Y	-2%
Market Cap	$2.41B
Revenue	$1.62B
Dividend Yield	1%
Payout Ratio	-82%
Assets	$3.08B
Total Debt	$1.16B
Cash	$80.68M
Shares Outstanding	51.28M
EV	3.49B
Earnings Score	3%
Moat Score	20%
Safety Score	41%
Final Score	22%
Working Capital	487.25M
Current Ratio	2.28
Gross Profit	$494.09M
Shares Growth 3y	0%
Equity Growth QoQ	2%
Equity Growth YoY	-2%

Assets & ROA

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Stockholders Equity & ROE

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Barnes Group Inc is a U.S. based industrial and aerospace manufacturer and service provider. The company operates through two segments: Industrial and Aerospace. The industrial segment manufactures precision parts, products, and systems for critical applications in end markets including transportation, industrial equipment, and consumer products. The aerospace segment provides machined components and assemblies for original equipment manufacturer turbine engine, airframe and industrial gas turbine builders, and the military. This segment also provides aftermarket maintenance, overhaul and repair services for turbine engine manufacturers, airlines, and the military. The company generates around half of its revenue from the domestic American market.

SEC Filings

Direct access to Barnes Group Inc (B) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Barnes Group Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Barnes Group Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -17%

Stability 34%

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Barnes Group Inc Discounted Cash Flow

Fully customizable DCF calculator online for Barnes Group Inc.

Years

Calculation mode

= $99M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$31M	$25M	$21M	$17M	$14M	$11M	$9M	$7.3M	$5.9M	$4.8M	$3.9M	$39M
DCF		$23M	$17M	$13M	$9.3M	$6.9M	$5.1M	$3.7M	$2.8M	$2M	$1.5M	$15M
Value	$99M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	9%	10%	11%	4%	11%	11%	6%	8%	1%	1%	-4%
ROA	-	8%	9%	9%	8%	9%	5%	6%	2%	3%	4%
ROE	-	11%	12%	5%	14%	12%	5%	7%	1%	1%	-3%

Bad Net Margins (-3.92%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	3.11	2.95	3.67	5.29	4.33	4.05	4.54	14.14	22.97	37.24
Debt over Equity	0.45	0.45	0.43	0.42	0.79	0.66	0.51	0.43	0.43	0.96	0.89
Growth Stability	-	-	-	47%	100%	100%	50%	77%	13%	27%	13%

Bad Debt/FCF ratio (37.24)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.89)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (13%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-5%	3%	17%	4%	-0%	-25%	12%	0%	15%	4%
Earnings YoY growth	-	3%	12%	-56%	180%	-5%	-60%	58%	-87%	19%	-32%
Equity YoY growth	-	1%	4%	8%	-5%	6%	9%	3%	-6%	1%	0%
FCF YoY growth	-	27%	4%	-15%	24%	8%	-10%	-24%	-70%	40%	-41%