Park Ohio Holdings Corp
PKOH
Metal Forgings & Stampings
Mkt Cap
$323.4MPE
32.02Debt
$684.6MCash
$61.6MEV
$946.4MFCF
$27.5MP/E Ratio
32.02Debt
$684.6MCash
$61.6MEV
$946.4MFCF
$27.5MCharts data: {"Earnings":[{"time":"2014-12-30","value":45600000},{"time":"2015-12-30","value":48100000},{"time":"2016-12-30","value":31700000},{"time":"2017-12-30","value":28600000},{"time":"2018-12-30","value":53600000},{"time":"2019-12-30","value":38600000},{"time":"2020-12-30","value":-4800000},{"time":"2021-12-30","value":-26000000},{"time":"2022-12-30","value":-14200000},{"time":"2023-12-30","value":6800000}],"Sales":[{"time":"2014-12-30","value":1378700000},{"time":"2015-12-30","value":1463800000},{"time":"2016-12-30","value":1276900000},{"time":"2017-12-30","value":1412900000},{"time":"2018-12-30","value":1658100000},{"time":"2019-12-30","value":1618300000},{"time":"2020-12-30","value":1295200000},{"time":"2021-12-30","value":1438000000},{"time":"2022-12-30","value":1492900000},{"time":"2023-12-30","value":1659700000}],"Net Margins":[{"time":"2014-12-30","value":0.03307463552622035},{"time":"2015-12-30","value":0.03285968028419183},{"time":"2016-12-30","value":0.02482574986294933},{"time":"2017-12-30","value":0.020242055347158328},{"time":"2018-12-30","value":0.03232615644412279},{"time":"2019-12-30","value":0.023852190570351605},{"time":"2020-12-30","value":-0.0037059913526868438},{"time":"2021-12-30","value":-0.01808066759388039},{"time":"2022-12-30","value":-0.009511688659655704},{"time":"2023-12-30","value":0.004097125986624089}],"Assets":[{"time":"2014-12-30","value":974200000},{"time":"2015-12-30","value":946600000},{"time":"2016-12-30","value":974300000},{"time":"2017-12-30","value":1132500000},{"time":"2018-12-30","value":1208500000},{"time":"2019-12-30","value":1310400000},{"time":"2020-12-30","value":1300500000},{"time":"2021-12-30","value":1360000000},{"time":"2022-12-30","value":1436600000},{"time":"2023-12-30","value":1340700000}],"Stockholders Equity":[{"time":"2014-12-30","value":191900000},{"time":"2015-12-30","value":212200000},{"time":"2016-12-30","value":236000000},{"time":"2017-12-30","value":288000000},{"time":"2018-12-30","value":312600000},{"time":"2019-12-30","value":349600000},{"time":"2020-12-30","value":357900000},{"time":"2021-12-30","value":324800000},{"time":"2022-12-30","value":267900000},{"time":"2023-12-30","value":289900000}],"ROE":[{"time":"2014-12-30","value":0.2376237623762376},{"time":"2015-12-30","value":0.22667295004712534},{"time":"2016-12-30","value":0.13432203389830508},{"time":"2017-12-30","value":0.09930555555555555},{"time":"2018-12-30","value":0.17146513115802944},{"time":"2019-12-30","value":0.11041189931350115},{"time":"2020-12-30","value":-0.013411567476948869},{"time":"2021-12-30","value":-0.08004926108374384},{"time":"2022-12-30","value":-0.05300485255692423},{"time":"2023-12-30","value":0.023456364263539153}],"ROA":[{"time":"2014-12-30","value":0.1004927119687949},{"time":"2015-12-30","value":0.10342277625184872},{"time":"2016-12-30","value":0.07102535153443498},{"time":"2017-12-30","value":0.07964679911699779},{"time":"2018-12-30","value":0.08779478692594125},{"time":"2019-12-30","value":0.06768925518925518},{"time":"2020-12-30","value":0.01768550557477893},{"time":"2021-12-30","value":-0.008897058823529412},{"time":"2022-12-30","value":0.023249338716413756},{"time":"2023-12-30","value":0.06272842544939211}]}
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products. The Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, such as valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products. This segment also engineers and manufactures precision cold-formed and cold-extruded fasteners, and other products comprising locknuts, SPAC nuts, SPAC bolts, and wheel hardware. The Assembly Components segment offers direct fuel injection fuel rails and pipes, fuel filler pipes, and flexible multi-layer plastic and rubber assemblies; turbo charging and coolant hoses; and provides value-added services that comprise design engineering, machining, and parts assembly. The Engineered Products segment offers engineered products that include induction heating and melting systems, pipe threading systems, and forged and machined products for ferrous and non-ferrous metals, silicon, coatings, forging, foundry, automotive, and construction equipment industries; engineers and installs mechanical forging presses; sells spare parts; provides field services; and forges aerospace and defense structural components, and rail products. Park-Ohio Holdings Corp. was founded in 1907 and is headquartered in Cleveland, Ohio.
DCF
Discounted Cash Flow Valuation of Park Ohio Holdings 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 | $27.5M | $27.14M | $26.78M | $26.43M | $26.09M | $25.75M | $25.41M | $25.08M | $24.75M | $24.42M | $24.1M | $241M |
| DCF | $23.6M | $20.25M | $17.38M | $14.92M | $12.8M | $10.98M | $9.427M | $8.09M | $6.942M | $5.958M | $59.58M | |
| Value | $189.9M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth -18%
Earnings Stability 6.3%
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 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 3.3% | 2.5% | 2% | 3.2% | 2.4% | -0.37% | -1.8% | -0.95% | 0.41% | 0.61% |
| ROA | 10% | 7.1% | 8% | 8.8% | 6.8% | 1.8% | -0.89% | 2.3% | 6.3% | 6.3% |
| ROE | 23% | 13% | 9.9% | 17% | 11% | -1.3% | -8% | -5.3% | 2.3% | 3.4% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +0.48%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -0.73%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +4.17%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -0.81%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +2.65%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -3.71%.
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 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 59.26 | 11.39 | 29.77 | 60.93 | 24.80 | 12.70 | -14.24 | -12.71 | 26.00 | 24.89 |
| Debt Equity | 2.29 | 2.14 | 1.94 | 1.89 | 1.67 | 1.53 | 1.90 | 2.54 | 2.26 | 2.30 |
| MIN | ||||||||||
| Graham Stability | - | - | 68% | 100% | 100% | -12% | -89% | -550% | - | -550% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 24.89.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -8.98.
What is the Graham’s Stability?
Graham’s Stability measure stands at -5.46.
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 | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 3.8% | 0.019% | 8.6% | 11% | 0.55% |
| Net Income | -20% | -34% | - | - | 5.5% |
| Stockholders Equity | 3% | -1.5% | -6.8% | 8.2% | -2.7% |
| FCF | -7.8% | 21% | -16% | - | -3.5% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +0.02%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +0.55%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -33.83%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +5.46%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is -1.5%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -2.74%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +21.04%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -3.48%.