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Intrinsic Value of Curtiss-Wright Corporation (CW)

Previous Close$192.95
Intrinsic Value
Upside potential
Previous Close
$192.95

VALUATION INPUT DATA

This valuation is based on fiscal year data as of 2022-12-31 and quarterly data as of 2023-06-30.

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2022(a)2023202420252026202720282029203020312032203320342035203620372038203920402041204220432044204520462047

INCOME STATEMENT

Revenue growth rate, %2.0NaN
Revenue, $2557NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m2134NaN
Operating income, $m423NaN
EBITDA, $m535NaN
Interest expense (income), $mNaN
Earnings before tax, $m389NaN
Tax expense, $m95NaN
Net income, $m294NaN

BALANCE SHEET

Cash and short-term investments, $m257NaN
Total assets, $m4450NaN
Adjusted assets (=assets-cash), $m4193NaN
Average production assets, $m2435NaN
Working capital, $m546NaN
Total debt, $m1254NaN
Total liabilities, $m2457NaN
Total equity, $m1992NaN
Debt-to-equity ratio0.630NaN
Adjusted equity ratio0.462NaN

CASH FLOW

Net income, $m294NaN
Depreciation, amort., depletion, $m112NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m295NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-28NaN
Free cash flow, $m323NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m546
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN

Company description

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. The Aerospace & Industrial segment offers industrial and specialty vehicle products, such as electronic throttle control devices, joysticks, and transmission shifters; sensors, controls and electro-mechanical actuation components used in commercial and military aircraft; and surface technology services, including shot peening, laser peening, and coatings. The Defense Electronics segment provides commercial off-the-shelf embedded computing board-level modules, data acquisition and flight test instrumentation equipment, integrated subsystems, instrumentation and control systems, and tactical communications solutions; turret aiming and stabilization products, and weapons handling systems; avionics and electronics; flight test equipment; and aircraft data management solutions. The Naval & Power segment offers hardware, pumps, pump seals, control rod drive mechanisms, valves, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing products for nuclear power plants and nuclear equipment manufacturers; and naval propulsion and auxiliary equipment, including coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems, as well as ship repair and maintenance services primarily to the U.S. navy. Curtiss-Wright Corporation was founded in 1929 and is headquartered in Davidson, North Carolina.
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