Cummins Inc. (CMI)
Total Valuation
Cummins has a market cap or net worth of $32.08 billion. The enterprise value is $37.37 billion.
| Market Cap | 32.08B |
| Enterprise Value | 37.37B |
Important Dates
The next earnings date is Tuesday, May 2, 2023, before market open.
| Estimated Earnings Date | May 2, 2023 |
| Ex-Dividend Date | Feb 23, 2023 |
Share Statistics
Cummins has 141.38 million shares outstanding. The number of shares has decreased by -1.40% in one year.
| Shares Outstanding | 141.38M |
| Shares Change (YoY) | -1.40% |
| Shares Change (QoQ) | -0.05% |
| Owned by Insiders (%) | 0.42% |
| Owned by Institutions (%) | 86.31% |
| Float | 140.69M |
Valuation Ratios
The trailing PE ratio is 15.01 and the forward PE ratio is 12.29. Cummins's PEG ratio is 1.57.
| PE Ratio | 15.01 |
| Forward PE | 12.29 |
| PS Ratio | 1.14 |
| Forward PS | 0.98 |
| PB Ratio | 3.57 |
| P/FCF Ratio | 30.67 |
| PEG Ratio | 1.57 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 9.91, with an EV/FCF ratio of 35.72.
| EV / Earnings | 17.37 |
| EV / Sales | 1.33 |
| EV / EBITDA | 9.91 |
| EV / EBIT | 12.51 |
| EV / FCF | 35.72 |
Financial Position
The company has a current ratio of 1.27, with a Debt / Equity ratio of 0.88.
| Current Ratio | 1.27 |
| Quick Ratio | 0.68 |
| Debt / Equity | 0.88 |
| Debt / EBITDA | 2.08 |
| Debt / FCF | 7.51 |
Financial Efficiency
Return on equity (ROE) is 24.90% and return on invested capital (ROIC) is 16.50%.
| Return on Equity (ROE) | 24.90% |
| Return on Assets (ROA) | 7.90% |
| Return on Capital (ROIC) | 16.50% |
| Revenue Per Employee | $468,681 |
| Profits Per Employee | $35,910 |
| Employee Count | 59,900 |
| Asset Turnover | 1.03 |
| Inventory Turnover | 4.29 |
Taxes
In the past 12 months, Cummins has paid $636.00 million in taxes.
| Income Tax | 636.00M |
| Effective Tax Rate | 22.82% |
Stock Price Statistics
The stock price has increased by +7.18% in the last 52 weeks. The beta is 1.01, so Cummins's price volatility has been similar to the market average.
| Beta (1Y) | 1.01 |
| 52-Week Price Change | +7.18% |
| 50-Day Moving Average | 244.90 |
| 200-Day Moving Average | 228.71 |
| Average Volume (30 Days) | 1,041,571 |
Short Selling Information
The latest short interest is 3.02 million, so 2.14% of the outstanding shares have been sold short.
| Short Interest | 3.02M |
| Short Previous Month | 2.49M |
| Short % of Shares Out | 2.14% |
| Short % of Float | 2.15% |
| Short Ratio (days to cover) | 2.60 |
Income Statement
In the last 12 months, Cummins had revenue of $28.07 billion and earned $2.15 billion in profits. Earnings per share was $15.12.
| Revenue | 28.07B |
| Gross Profit | 6.72B |
| Operating Income | 3.02B |
| Pretax Income | 2.79B |
| Net Income | 2.15B |
| EBITDA | 3.77B |
| EBIT | 2.99B |
| Earnings Per Share (EPS) | $15.12 |
Balance Sheet
The company has $2.57 billion in cash and $7.86 billion in debt, giving a net cash position of -$5.28 billion or -$37.36 per share.
| Cash & Cash Equivalents | 2.57B |
| Total Debt | 7.86B |
| Net Cash | -5.28B |
| Net Cash Per Share | -$37.36 |
| Equity / Book Value | 8.98B |
| Book Value Per Share | 63.48 |
| Working Capital | 3.03B |
Cash Flow
In the last 12 months, operating cash flow was $1.96 billion and capital expenditures -$916.00 million, giving a free cash flow of $1.05 billion.
| Operating Cash Flow | 1.96B |
| Capital Expenditures | -916.00M |
| Free Cash Flow | 1.05B |
| FCF Per Share | $7.42 |
Margins
Gross margin is 23.93%, with operating and profit margins of 10.75% and 7.66%.
| Gross Margin | 23.93% |
| Operating Margin | 10.75% |
| Pretax Margin | 9.93% |
| Profit Margin | 7.66% |
| EBITDA Margin | 13.43% |
| EBIT Margin | 10.64% |
| FCF Margin | 3.73% |
Dividends & Yields
This stock pays an annual dividend of $6.16, which amounts to a dividend yield of 2.71%.
| Dividend Per Share | $6.16 |
| Dividend Yield | 2.71% |
| Earnings Yield | 6.70% |
| FCF Yield | 3.26% |
| Dividend Growth (YoY) | 8.07% |
| Payout Ratio | 39.70% |
| Buyback Yield | 1.40% |
| Shareholder Yield | 4.12% |
Analyst Forecast
The average price target for Cummins is $265.19, which is 16.86% higher than the current price. The consensus rating is "Buy".
| Price Target | $265.19 |
| Price Target Difference | 16.86% |
| Analyst Consensus | Buy |
| Analyst Count | 31 |
| Revenue Growth Forecast (5Y) | 2.19% |
| EPS Growth Forecast (5Y) | 6.61% |
Stock Splits
The last stock split was on January 3, 2008. It was a forward split with a ratio of 2:1.
| Last Split Date | Jan 3, 2008 |
| Split Type | Forward |
| Split Ratio | 2:1 |