Esab Corp

Industrials
Industrial Machinery/Components
www.esabcorporation.com

Earnings Score
Moat Score
Safety Score

Market Cap $7.19B
PE 26
Debt $1.10B
Cash $291.35M
EV $8.00B
FCF $294.68M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$272.25M
EBIT	$446.64M
ROE	14%
ROA	11%
FCF	$294.68M
Equity	$1.95B
Growth Stability	100%
PE	26.4
PEG	4.22
PB	3.69
P/FCF	24.39
P/S	2.63
Price/Cash	0.04
Debt/Equity	0.56
Debt/FCF	3.73
Net Margins	10%
Gross Margins	38%
Op. Margins	16%
Earnings CAGR	6%
Sales Growth YoY	-2%
Sales Growth QoQ	1%
Sales CAGR	4%
FCF CAGR	26%
Equity CAGR	-10%
Earnings Stability	-0.42
Earnings Growth YoY	12%
Earnings Growth QoQ	25%
Earnings CAGR 5Y	6%

Sales CAGR 5Y	4%
FCF CAGR 5Y	26%
Equity CAGR 5Y	-10%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
FCF CAGR 3Y	37%
Equity CAGR 3Y	17%
Market Cap	$7.19B
Revenue	$2.73B
Dividend Yield	0%
Payout Ratio	7%
Assets	$4.22B
Total Debt	$1.10B
Cash	$291.35M
Shares Outstanding	58.58M
EV	8B
Earnings Score	6%
Moat Score	92%
Safety Score	89%
Final Score	62%
Working Capital	614.03M
Current Ratio	1.91
Gross Profit	$1.04B
Shares Growth 3y	-1%
Equity Growth QoQ	8%
Equity Growth YoY	16%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, and automated welding; and control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips. The company's equipment ranges from portable welding machines to large customized automated cutting and welding systems. It also offers a range of software and digital solutions to help its customers increase their productivity, remotely monitor their welding operations, and digitize their documentation. The company sells its products under the ESAB brand to various end markets, such as general industry, infrastructure, renewable energy, medical and life sciences, transportation, construction, and energy.

SEC Filings

Direct access to Esab Corp (ESAB) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Apr 04
2024
- 10-K Dec 31
- 10-Q Sep 27
- 10-Q Jun 28
- 10-Q Mar 29
2023
- 10-K Dec 31
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Esab Corp compare to its competitors?

Loading chart...

Peter Lynch's Chart

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

CAGR 6%

Stability -42%

loading chart...

Esab Corp Discounted Cash Flow

Fully customizable DCF calculator online for Esab Corp.

Years

Calculation mode

= $19B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$295M	$373M	$471M	$596M	$753M	$952M	$1.2B	$1.5B	$1.9B	$2.4B	$3.1B	$31B
DCF		$339M	$389M	$448M	$514M	$591M	$680M	$781M	$898M	$1B	$1.2B	$12B
Value	$19B

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	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	8%	10%	9%	7%	10%	10%
ROA	-	9%	9%	11%	11%	11%
ROE	-	8%	16%	12%	15%	14%

Net Margins (9.93%)

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.

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	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	0	7.01	3.61	3.62	3.73
Debt over Equity	-	0	0.88	0.62	0.61	0.56
Growth Stability	-	-	-	100%	100%	100%

Neutral Debt/FCF ratio (3.73)

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.

Good Debt/Equity ratio (0.56)

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

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	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	25%	7%	7%	-1%	4%
Earnings YoY growth	-	49%	-5%	-8%	29%	6%
Equity YoY growth	-	15%	-52%	19%	10%	-10%
FCF YoY growth	-	-20%	-19%	62%	8%	26%