Core & Main, Inc.

Consumer Discretionary
Durable Goods
www.coreandmain.com

Earnings Score
Moat Score
Safety Score

Market Cap $10.31B
PE 25
Debt $2.45B
Cash $10.00M
EV $12.75B
FCF $651.00M

Earnings

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Sales & Net Margins

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Earnings	$410.00M
EBIT	$711.00M
ROE	23%
ROA	11%
FCF	$651.00M
Equity	$1.75B
Growth Stability	100%
PE	25.15
PEG	0.39
PB	5.89
P/FCF	15.84
P/S	1.44
Price/Cash	0
Debt/Equity	1.4
Debt/FCF	3.77
Net Margins	6%
Gross Margins	27%
Op. Margins	10%
Earnings CAGR	58%
Sales Growth YoY	12%
Sales Growth QoQ	4%
Sales CAGR	3%
FCF CAGR	7%
Equity CAGR	24%
Earnings Stability	0.06
Earnings Growth YoY	19%
Earnings Growth QoQ	12%

Earnings CAGR 5Y	64%
Sales CAGR 5Y	5%
FCF CAGR 5Y	10%
Equity CAGR 5Y	23%
Earnings CAGR 3Y	4%
Sales CAGR 3Y	4%
FCF CAGR 3Y	3%
Equity CAGR 3Y	-8%
Market Cap	$10.31B
Revenue	$7.18B
Assets	$6.22B
Total Debt	$2.45B
Cash	$10.00M
Shares Outstanding	191.54M
EV	12.75B
Earnings Score	7%
Moat Score	91%
Safety Score	86%
Final Score	61%
Working Capital	1.27B
Current Ratio	2.14
Gross Profit	$1.91B
Shares Growth 3y	6%
Equity Growth QoQ	2%
Equity Growth YoY	-21%

Assets & ROA

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Stockholders Equity & ROE

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Core & Main Inc is a distributor of water, sewer, storm drain, and fire protection products in the United States. It combines local expertise with a national supply chain to provide contractors and municipalities solutions for new construction and aging infrastructure.

SEC Filings

Direct access to Core & Main, Inc. (CNM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Oct 27
- 10-Q Jul 28
- 10-Q Apr 28
- 10-K Jan 28
2023
- 10-Q Oct 29
- 10-Q Jul 30
- 10-Q Apr 30
- 10-K Jan 29
2022
- 10-Q Oct 30
- 10-Q Jul 31
- 10-Q May 01
- 10-K Jan 30

Sector Comparison

How does Core & Main, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 58%

Stability 6%

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Core & Main, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Core & Main, Inc..

Years

Calculation mode

= $11B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$651M	$698M	$748M	$802M	$859M	$921M	$987M	$1.1B	$1.1B	$1.2B	$1.3B	$13B
DCF		$634M	$618M	$602M	$587M	$572M	$557M	$543M	$529M	$516M	$502M	$5B
Value	$11B

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	02/2020	01/2021	01/2023	01/2024	TTM
Net Margins	1%	1%	6%	6%	6%
ROA	-	5%	-	15%	11%
ROE	-	5%	15%	24%	23%

Bad Net Margins (6.04%)

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	02/2020	01/2021	01/2023	01/2024	TTM
Debt over FCF	-	11.5	-	1.85	3.77
Debt over Equity	-	2.9	0.62	1.25	1.4
Growth Stability	-	-	-	100%	100%

Neutral Debt/FCF ratio (3.77)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (1.4)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good 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	02/2020	01/2021	01/2023	01/2024	CAGR 5Y
Revenue YoY growth	-	7%	83%	1%	5%
Earnings YoY growth	-	3%	889%	1%	64%
Equity YoY growth	-	4%	201%	-37%	23%
FCF YoY growth	-	12%	86%	174%	10%