MTW  Manitowoc Company Inc.

Exchange

NYSE

Sector

Capital Goods

Industry

Construction/Ag Equipment/Trucks

Market Cap.

1.26B

Vuru Grade

13.95/100

Current Price

$8.97
+0.04 (+0.45%)

Company Metrics

  • P/E 13.12
  • P/S 0.88
  • P/B 2.11
  • EPS -1.51
  • Cash ROIC -1.73%
  • Cash Ratio 0.17
  • Dividend 0 / 0%
  • Avg. Vol. 1.73M
  • Shares 140.47M
  • Market Cap. 1.26B

Company Description

The Manitowoc Company, Inc. engages in the manufacture and sale of cranes and related products, and foodservice equipment. The company operates through two segments, Cranes and Related Products, and Foodservice Equipment. The Cranes and Related Products segment designs, manufactures, and markets a range of lattice-boom crawler cranes, mobile telescopic cranes, tower cranes, and boom trucks. Its cr... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

Q3 2017 EPS Estimates for Manitowoc Company, Inc. (The) Decreased by Seaport ...
Dispatch Tribunal - 43 minutes ago
Manitowoc Company, Inc. (The) (NYSE:MTW) - Analysts at Seaport Global Securities lowered their Q3 2017 earnings per share estimates for Manitowoc Company, Inc. (The) in a research report issued to clients and investors on Wednesday. Seaport Global ...
Zacks Investment Research Downgrades Manitowoc Company, Inc. (The) (MTW) to Hold - StockNewsTimes
Manitowoc Company Inc. (The) (MTW) Breaks into New 52-Week High on September ...
Equities.com - Sep 29, 2017
Shares of Manitowoc Company Inc. (The) (MTW) broke into a new 52-week high yesterday, hitting a peak of $9.14. Shares closed at $9.00 after opening at $8.98 for a move of 0.22%.
Somewhat Positive News Coverage Somewhat Unlikely to Affect Manitowoc Company ... - StockNewsTimes
Apptio (APTI) Analysts See $-0.21 EPS; Manitowoc Company (MTW) Had 4 Bullish ... - Wolcott Daily
Manitowoc Company Inc. (The) (MTW) Plunges 8.16% on October 09
Equities.com - Oct 9, 2017
Manitowoc Company Inc. (The) (MTW) had a rough trading day for Monday October 09 as shares tumbled 8.16%, or a loss of $-0.81 per share, to close at $9.12.
Is It Too Late To Buy The Manitowoc Company Inc (MTW)? - Simply Wall St
Manitowoc Company Inc. (The) (MTW) Soars 5.19% on October 05
Equities.com - Oct 5, 2017
Manitowoc Company Inc. (The) (MTW) had a good day on the market for Thursday October 05 as shares jumped 5.19% to close at $9.52.
How The Manitowoc Company, Inc. (MTW) Is Trading Compared to Moving Averages? - Post Analyst
Manitowoc Company Inc. (The) (MTW) Breaks into New 52-Week High on September ...
Equities.com - Sep 22, 2017
Shares of Manitowoc Company Inc. (The) (MTW) broke into a new 52-week high yesterday, hitting a peak of $8.71. Shares closed at $8.60 after opening at $8.53 for a move of 0.35%.
The Manitowoc Company Inc (MTW): Time For A Financial Health Check - Simply Wall St
Caterpillar Inc. (CAT) vs. The Manitowoc Company, Inc. (MTW)?: Which Should ... - Economic News
Manitowoc Company Inc (The) Risk Points versus Industrials
CML News - Oct 18, 2017
This is a scatter plot analysis of the critical risk points from the option market for Manitowoc Company Inc (The) (NYSE:MTW) compared to its own past and the Industrials ETF.
Analysts Take Aim at Manitowoc Company, Inc. (The) (NYSE:MTW) Shares
Concord Register - 22 hours ago
Manitowoc Company, Inc. (The) (NYSE:MTW) currently has an A verage Broker Rating of 2.33. This number is based on the 9 sell-side firms polled by Zacks.
Technical Analysis of The Manitowoc Company, Inc. (NYSE:MTW)
The Oracle Examiner - Oct 13, 2017
The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of The Manitowoc Company, Inc. (NYSE:MTW) for the period of 9-Day stands at 38.5% while the stochastic %D for ...
Manitowoc Company, Inc. (The) (MTW) Rating Lowered to Hold at Zacks Investment ... - The Ledger Gazette
Manitowoc Company, Inc. (The) (MTW) Price Target Raised to $10.00 - TrueBlueTribune
Going Through the Figures for The Manitowoc Company, Inc. (MTW) and Terex ...
Economic News - Oct 4, 2017
The Manitowoc Company, Inc. (NYSE:MTW) and Terex Corporation (NYSE:TEX) are both Industrial Goods companies that recently hit new low.
What the Numbers Say About The Manitowoc Company, Inc. (MTW) and Archer ...
Economic News - Sep 27, 2017
The Manitowoc Company, Inc. (NYSE:MTW) and Archer-Daniels-Midland Company (NYSE:ADM) are both Industrial Goods companies that recently hit new low.
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for MTW to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate MTW's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

$8.97 Current Price

$-1.86 Growth Price (DCF)

Why is this negative?


Show Free Cash Flow numbers

$12.26 Book Price

Undervalued by 36.69%


Very Poor Cash Return on Invested Capital over the past 5 years

MTW has failed to generate positive returns on its investments in buildings, projects and equipment. This could be due to poor management, lack of an economic moat or the capital intensive nature of the business.

MTW has lost $1.73 of cash for every $100 invested.
Figures in USD. Fiscal year ends in December
20122013201420152016
Free Cash Flow 89.40M 212.40M 13.50M 29.90M -218.20M
divided by
Invested Capital 2.84B 2.80B 2.74B 2.50B 1.04B
Cash ROIC 3.15% 7.60% 0.49% 1.20% -21.08%

Very Poor Return on Equity over the past 5 years

MTW has shown an inability to deliver results for shareholders. This could be due to poor management, MTW operating in a highly competitive industry, or having a weak business in general.

MTW has generated a $0.17 loss for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in December
20122013201420152016
Net Income 92.60M 167.60M 148.40M 63.50M -375.80M
divided by
Stockholders' Equity 600.30M 775.50M 824.10M 819.50M 590.50M
Return on Equity 15.43% 21.61% 18.01% 7.75% -63.64%

Good Business Performance over the past 10 years

It's likely MTW has been unable to maintain profitability in tough economic times, making it a somewhat cyclical business. The other possibility is MTW has expended significant capital on items such as property, plant and equipment in specific years. Look for correlations.

MTW has created positive free cash flow for 7 or 8 of the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Free Cash Flow 118.60M 158.70M 266.10M 173.20M -49.30M 89.40M 212.40M 13.50M 29.90M -218.20M

Weak Balance Sheet

MTW's financial position is not ideal. The key is to check whether MTW is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Cash 366.40M 175.60M 108.40M 86.40M 71.30M 76.10M 54.90M 68.00M 63.40M 69.90M
Current Assets 1.58B 2.13B 1.26B 1.16B 1.24B 1.33B 1.26B 1.19B 1.01B 749.70M
Total Assets 2.87B 6.07B 4.28B 4.01B 3.97B 4.06B 3.98B 3.82B 3.45B 1.52B
Current Liabilities 1.07B 1.62B 1.14B 1.03B 1.10B 1.15B 1.13B 1.01B 883.60M 412.80M
Total Liabilities 1.52B 4.77B 3.67B 3.53B 3.48B 3.46B 3.20B 2.99B 2.63B 927.30M
Stockholder' Equity 1.35B 1.30B 607.90M 481.90M 483.40M 600.30M 775.50M 824.10M 819.50M 590.50M
Current Ratio 1.47 1.32 1.10 1.13 1.12 1.16 1.12 1.17 1.15 1.82
TL-to-TA 0.53 0.79 0.86 0.88 0.88 0.85 0.80 0.78 0.76 0.61

Low or No Reinvestment of Profits over the past 10 years

MTW has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to MTW operating at a loss or them having such a strong economic moat they feel comfortable spending profits on growth. Be wary of future prospects and if applicable, inspect the moat's sustainability.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Retained Earnings 903.80M 882.70M 188.70M 104.70M 113.60M 222.10M 353.20M 486.90M 539.50M 247.30M
Retained Earnings Growth - -2.33% -78.62% -44.52% 8.50% 95.51% 59.03% 37.85% 10.80% -54.16%

Loss Making Entity over the past 10 years

MTW has been unable to maintain profitability. It's Costs of Sales have outstripped Revenue consistently. This is a huge red flag, unless the company has been investing heavily for the future. However, even that is dubious since accurately predicting the future of a company like that is extremely difficult.

$2.45 of every $100 of Revenue have been a loss, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Net Income 336.70M -10.70M -706.70M -76.10M -17.00M 92.60M 167.60M 148.40M 63.50M -375.80M
divided by
Revenue 4.01B 4.50B 3.78B 3.14B 3.65B 3.93B 4.05B 3.89B 3.44B 1.61B
Net Profit Margin 8.41% -0.24% -18.68% -2.42% -0.47% 2.36% 4.14% 3.82% 1.85% -23.30%

Inconsistent Gross Profit Margins over the past 10 years

MTW has good gross profit margins, however inconsistency of these margins is a cause for concern. Look at reasons for this inconsistency to determine the likelihood of future sustainability.

$30.58 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Gross Profit 911.60M 1.02B 824.60M 765.40M 3.65B 934.40M 1.02B 986.10M 833.20M 253.30M
divided by
Revenue 4.01B 4.50B 3.78B 3.14B 3.65B 3.93B 4.05B 3.89B 3.44B 1.61B
Gross Margin 22.76% 22.56% 21.80% 24.36% 100.00% 23.79% 25.24% 25.37% 24.25% 15.70%

High Capital Intensity over the past 10 years

MTW spends large amounts of capital buying new equipment or investing in new facilities to stay competitive. Over the long term, those costs may have to be fuelled by debt. Look at the growth of Shareholders' Equity to see if this strategy is having a positive or negative impact.

68.94% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Capital Expenditure 119.60M 150.30M 72.50M 36.10M 64.90M 72.90M 110.70M 84.80M 68.10M 45.90M
divided by
Net Income 336.70M -10.70M -706.70M -76.10M -17.00M 92.60M 167.60M 148.40M 63.50M -375.80M
Capital Expenditure Ratio 35.52% -1,404.67% -10.26% -47.44% -381.76% 78.73% 66.05% 57.14% 107.24% -12.21%

Inconsistent Dividend History over the past 10 years

MTW has started distributing dividends in the past couple years or has recently suspended their dividend distribution. The reliability of future distributions is unclear.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Dividend Paid 9.50M 10.40M 10.50M 10.60M 10.60M 10.60M 10.70M 10.80M 10.90M -
divided by
Shares Outstanding 127.54M 129.93M 130.27M 130.58M 133.38M 133.32M 135.33M 137.35M 137.43M 137.77M
Dividend Paid Per Share 0.07 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 -
Price at Year End 47.33 7.98 9.88 12.77 9.19 15.22 23.33 22.34 15.25 5.98
Dividend Yield 0.16% 1.00% 0.82% 0.64% 0.86% 0.52% 0.34% 0.35% 0.52% -

History of Stock Buybacks over the past 10 years

MTW has some history of delivering increased value for shareholders in the form of stock buybacks. These have helped improve financial metrics and increase each shareholders' relative ownership stake in the company, due to fewer shares outstanding and holding the same number of shares.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Shares Outstanding 127.54M 129.93M 130.27M 130.58M 133.38M 133.32M 135.33M 137.35M 137.43M 137.77M
Stock Bought Back - -1.84% -0.26% -0.24% -2.10% 0.05% -1.49% -1.47% -0.06% -0.24%
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