Cummins Inc. (CMI)

NYSE: CMI · IEX Real-Time Price · USD
+3.04 (1.36%)
Mar 27, 2023, 4:04 PM EDT - Market closed

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
Financial Ratio History

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


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
EBIT 2.99B
Earnings Per Share (EPS) $15.12
Full Income Statement

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
Full Balance Sheet

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
Full Cash Flow Statement


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%
Dividend Details

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 Forecasts

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