Manitowoc Co Inc

Industrials
Construction/Ag Equipment/Trucks
www.manitowoc.com

Earnings Score
Moat Score
Safety Score

Market Cap $338.88M
PE 39
Debt $427.70M
Cash $38.10M
EV $728.48M
FCF -$19.70M

Earnings

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Sales & Net Margins

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Earnings	$8.60M
EBIT	$55.90M
ROE	1%
ROA	3%
FCF	-$19.70M
Equity	$592.30M
Growth Stability	-963%
PE	39.4
PEG	-11.74
PB	0.57
P/FCF	-17.2
P/S	0.16
Price/Cash	0.11
Debt/Equity	0.72
Debt/FCF	-21.71
Net Margins	1%
Gross Margins	18%
Op. Margins	3%
Earnings CAGR	-2%
Sales Growth YoY	-7%
Sales Growth QoQ	14%
Sales CAGR	-0%
FCF CAGR	-0%
Equity CAGR	-3%
Earnings Stability	0.03
Earnings Growth YoY	-92%
Earnings Growth QoQ	-64%

Earnings CAGR 5Y	-3%
Sales CAGR 5Y	8%
FCF CAGR 5Y	-7%
Equity CAGR 5Y	-2%
Earnings CAGR 3Y	12%
Sales CAGR 3Y	12%
FCF CAGR 3Y	-11%
Equity CAGR 3Y	-5%
Market Cap	$338.88M
Revenue	$2.17B
Dividend Yield	0%
Payout Ratio	0%
Assets	$1.75B
Total Debt	$427.70M
Cash	$38.10M
Shares Outstanding	35.12M
EV	728.48M
Earnings Score	6%
Moat Score	31%
Safety Score	38%
Final Score	25%
Working Capital	513.9M
Current Ratio	1.89
Shares Growth 3y	0%
Equity Growth QoQ	-1%
Equity Growth YoY	2%

Assets & ROA

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Stockholders Equity & ROE

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Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment provides the largest revenue stream to the firm.

SEC Filings

Direct access to Manitowoc Co Inc (MTW) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 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 Manitowoc Co Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR -2%

Stability 3%

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Discounted Cash Flow

Fully customizable DCF calculator online for Manitowoc Co Inc.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$20M	-$20M	-$20M	-$19M	-$19M	-$19M	-$19M	-$19M	-$19M	-$19M	-$19M	-$189M
DCF		-$18M	-$16M	-$15M	-$13M	-$12M	-$11M	-$9.8M	-$8.9M	-$8M	-$7.3M	-$73M
Value	-$191M

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	4%	2%	-23%	1%	-4%	3%	-1%	1%	-6%	2%	1%
ROA	-	4%	-10%	0%	-1%	7%	2%	3%	-6%	5%	3%
ROE	-	8%	-64%	1%	-11%	7%	-3%	2%	-23%	6%	1%

Bad Net Margins (0.58%)

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	-	49.54	-1.81	5.93	-0.53	-3.63	-5.3	11.66	26.1	-26.88	-21.71
Debt over Equity	1.95	1.81	0.51	0.43	0.48	0.5	0.51	0.63	0.73	0.64	0.72
Growth Stability	-	-	-	-	-	-	-	-	-963%	-	-963%

Good Debt/FCF ratio (-21.71)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.72)

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

Bad Graham’s Stability (-963%)

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	-	-12%	-53%	-2%	17%	-1%	-21%	19%	18%	10%	8%
Earnings YoY growth	-	-56%	-692%	-103%	-814%	-169%	-141%	-158%	-1K%	-132%	-3%
Equity YoY growth	-	-1%	-28%	15%	-11%	7%	-0%	3%	-19%	12%	-2%
FCF YoY growth	-	45%	-663%	-129%	-1K%	-84%	-31%	-158%	-58%	-195%	-7%