Columbus Mckinnon Corp
CMCO
Construction Machinery & Equip
Mkt Cap
$1.264BPE
25.95Debt
$550MCash
$103.2MEV
$1.711BFCF
$75.87MP/E Ratio
25.95Debt
$550MCash
$103.2MEV
$1.711BFCF
$75.87MCharts data: {"Earnings":[{"time":"2015-03-30","value":27190000},{"time":"2016-03-30","value":19579000},{"time":"2017-03-30","value":8984000},{"time":"2018-03-30","value":22065000},{"time":"2019-03-30","value":42577000},{"time":"2020-03-30","value":59672000},{"time":"2021-03-30","value":9106000},{"time":"2022-03-30","value":29660000},{"time":"2023-03-30","value":48429000}],"Sales":[{"time":"2015-03-30","value":579643000},{"time":"2016-03-30","value":597103000},{"time":"2017-03-30","value":637123000},{"time":"2018-03-30","value":839419000},{"time":"2019-03-30","value":876282000},{"time":"2020-03-30","value":809162000},{"time":"2021-03-30","value":649642000},{"time":"2022-03-30","value":906555000},{"time":"2023-03-30","value":936240000}],"Net Margins":[{"time":"2015-03-30","value":0.046908183140312226},{"time":"2016-03-30","value":0.03278998765707089},{"time":"2017-03-30","value":0.014100887897627304},{"time":"2018-03-30","value":0.02628603831936137},{"time":"2019-03-30","value":0.04858823985885822},{"time":"2020-03-30","value":0.07374543045768338},{"time":"2021-03-30","value":0.014016950874481638},{"time":"2022-03-30","value":0.03271726481018802},{"time":"2023-03-30","value":0.051727121250961294}],"Assets":[{"time":"2015-03-30","value":566324000},{"time":"2016-03-30","value":773044000},{"time":"2017-03-30","value":1113843000},{"time":"2018-03-30","value":1142446000},{"time":"2019-03-30","value":1061571000},{"time":"2020-03-30","value":1093272000},{"time":"2021-03-30","value":1150432000},{"time":"2022-03-30","value":1685707000},{"time":"2023-03-30","value":1698455000}],"Stockholders Equity":[{"time":"2015-03-30","value":268719000},{"time":"2016-03-30","value":286309000},{"time":"2017-03-30","value":341350000},{"time":"2018-03-30","value":408229000},{"time":"2019-03-30","value":431159000},{"time":"2020-03-30","value":463585000},{"time":"2021-03-30","value":530149000},{"time":"2022-03-30","value":772803000},{"time":"2023-03-30","value":833797000}],"ROE":[{"time":"2015-03-30","value":0.10118376445282991},{"time":"2016-03-30","value":0.0683841583743438},{"time":"2017-03-30","value":0.026319027391240663},{"time":"2018-03-30","value":0.05405054515970203},{"time":"2019-03-30","value":0.09875011306733711},{"time":"2020-03-30","value":0.12871857372434398},{"time":"2021-03-30","value":0.017176303265685686},{"time":"2022-03-30","value":0.03837976819448165},{"time":"2023-03-30","value":0.058082482906510816}],"ROA":[{"time":"2015-03-30","value":0.09649599875689535},{"time":"2016-03-30","value":0.0524808419701854},{"time":"2017-03-30","value":0.02331836713073566},{"time":"2018-03-30","value":0.06135869879189038},{"time":"2019-03-30","value":0.06597957178558947},{"time":"2020-03-30","value":0.08359310400339531},{"time":"2021-03-30","value":0.03672968067647631},{"time":"2022-03-30","value":0.04376857899979059},{"time":"2023-03-30","value":0.057605882993661886}]}
Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected and custom engineered hoists, and winches; crane systems, such as crane components and kits, enclosed track rail systems, mobile and jib cranes, and fall protection systems, as well as material handling solutions; rigging equipment comprising below-the-hook lifting devices, shackles, chains and chains accessories, forestry and hand tools, lifting slings, lashing systems, and tie-downs and load binders; rotary unions and swivel joints; and mechanical and electromechanical actuators. It also provides power and motion technology products, including AC motor controls and line regenerative systems, automation and diagnostics, brakes, cable and festoon systems, collision avoidance systems, conductor bar systems, DC motor and magnet control systems, elevator drives, inverter duty motors, mining drives, pendant pushbutton stations, radio controls, and wind inverters; power delivery subsystems; overhead aluminum light rail workstations; and low profile, flexible chain, large scale, sanitary, and vertical elevation conveyor systems, as well as pallet system conveyors and accumulation systems. The company serves market verticals, including general industries, transportation, energy and utilities, process industries, industrial automation, construction and infrastructure, food and beverage, entertainment, life sciences, consumer packaged goods, and e-commerce/supply chain/warehousing. It offers its products to end users directly, as well as through distributors, independent crane builders, material handling specialists and integrators, government agencies, original equipment manufacturers, and engineering procurement and construction firms. The company was founded in 1875 and is headquartered in Buffalo, New York.
![MTW Logo](data:image/svg+xml,<svg xmlns='http://www.w3.org/2000/svg' width='18' height='18'><defs><linearGradient id="a" x1="3.349" x2="21.904" y1="3.122" y2="24.434" gradientUnits="userSpaceOnUse"><stop stop-color="%231A1E21"/><stop offset="1" stop-color="%2306060A"/></linearGradient></defs><path fill="url(%23a)" d="M0 0h18v18H0z"/><text x='50%' y='52%' dominant-baseline='middle' text-anchor='middle' font-size='5' font-family='sans-serif' fill='gray'>MTW</text></svg>){kind=small}
DCF
Discounted Cash Flow Valuation of Columbus Mckinnon Corp
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $75.87M | $81.64M | $87.61M | $93.77M | $100.1M | $106.5M | $113.1M | $119.7M | $126.4M | $133.1M | $139.8M | $1.398B |
| DCF | $70.99M | $66.25M | $61.66M | $57.23M | $52.97M | $48.9M | $45.01M | $41.33M | $37.84M | $34.55M | $345.5M | |
| Value | $862.2M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 11%
Earnings Stability 16%
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 | 03-2015 | 03-2016 | 03-2017 | 03-2018 | 03-2019 | 03-2020 | 03-2021 | 03-2022 | 03-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 4.7% | 3.3% | 1.4% | 2.6% | 4.9% | 7.4% | 1.4% | 3.3% | 5.2% | 4.9% |
| ROA | 9.6% | 5.2% | 2.3% | 6.1% | 6.6% | 8.4% | 3.7% | 4.4% | 5.8% | 5.9% |
| ROE | 10% | 6.8% | 2.6% | 5.4% | 9.9% | 13% | 1.7% | 3.8% | 5.8% | 5.5% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +4.12%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.06%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +5.82%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -0.38%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +6.59%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -0.78%.
Safety & Stabiliy
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 | 03-2015 | 03-2016 | 03-2017 | 03-2018 | 03-2019 | 03-2020 | 03-2021 | 03-2022 | 03-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | 10.30 | 10.59 | 7.90 | 5.59 | 2.71 | 3.00 | 15.18 | 7.09 | 7.25 |
| Debt Equity | 0.52 | 1.09 | 1.43 | 1.07 | 0.87 | 0.57 | 0.49 | 0.70 | 0.60 | 0.63 |
| MIN | ||||||||||
| Graham Stability | - | - | - | 100% | 100% | 100% | 22% | 80% | 100% | 22% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 7.25.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 0.71.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.22.
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 | 03-2016 | 03-2018 | 03-2020 | 03-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 6.6% | 2.2% | 5% | 3.3% | -0.0046% |
| Net Income | 14% | 17% | -6.7% | 63% | 15% |
| Stockholders Equity | 16% | 15% | 22% | 7.9% | 1.5% |
| FCF | 13% | 5.2% | -10% | 98% | -2.9% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +2.21%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is 0%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +17.03%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +15.41%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +15.35%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +1.53%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +5.18%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -2.9%.