Cummins Inc. (CMI)
NYSE: CMI · IEX Real-Time Price · USD
284.91
+1.01 (0.36%)
At close: May 24, 2024, 4:00 PM
286.52
+1.61 (0.57%)
Pre-market: May 28, 2024, 7:00 AM EDT

Cummins Statistics

Total Valuation

Cummins has a market cap or net worth of $38.97 billion. The enterprise value is $42.75 billion.

Market Cap 38.97B
Enterprise Value 42.75B

Important Dates

The last earnings date was Thursday, May 2, 2024, before market open.

Earnings Date May 2, 2024
Ex-Dividend Date May 23, 2024

Share Statistics

Cummins has 136.78 million shares outstanding. The number of shares has decreased by -0.14% in one year.

Shares Outstanding 136.78M
Shares Change (YoY) -0.14%
Shares Change (QoQ) n/a
Owned by Insiders (%) 0.42%
Owned by Institutions (%) 88.71%
Float 136.04M

Valuation Ratios

The trailing PE ratio is 20.90 and the forward PE ratio is 14.79. Cummins's PEG ratio is 0.75.

PE Ratio 20.90
Forward PE 14.79
PS Ratio 1.15
Forward PS 1.17
PB Ratio 4.30
P/FCF Ratio 15.23
PEG Ratio 0.75
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 10.39, with an EV/FCF ratio of 16.71.

EV / Earnings 22.06
EV / Sales 1.26
EV / EBITDA 10.39
EV / EBIT 13.92
EV / FCF 16.71

Financial Position

The company has a current ratio of 1.34, with a Debt / Equity ratio of 0.75.

Current Ratio 1.34
Quick Ratio 0.73
Debt / Equity 0.75
Debt / EBITDA 1.66
Debt / FCF 2.67
Interest Coverage 8.15

Financial Efficiency

Return on equity (ROE) is 19.90% and return on invested capital (ROIC) is 5.75%.

Return on Equity (ROE) 19.90%
Return on Assets (ROA) 6.10%
Return on Capital (ROIC) 5.75%
Revenue Per Employee $450,530
Profits Per Employee $25,669
Employee Count 75,500
Asset Turnover 1.07
Inventory Turnover 4.43

Taxes

In the past 12 months, Cummins has paid $756.00 million in taxes.

Income Tax 756.00M
Effective Tax Rate 28.06%

Stock Price Statistics

The stock price has increased by +35.33% in the last 52 weeks. The beta is 1.04, so Cummins's price volatility has been similar to the market average.

Beta (1Y) 1.04
52-Week Price Change +35.33%
50-Day Moving Average 290.76
200-Day Moving Average 250.49
Relative Strength Index (RSI) 45.35
Average Volume (30 Days) 3,024,876

Short Selling Information

The latest short interest is 1.92 million, so 1.41% of the outstanding shares have been sold short.

Short Interest 1.92M
Short Previous Month 2.75M
Short % of Shares Out 1.41%
Short % of Float 1.41%
Short Ratio (days to cover) 2.06

Income Statement

In the last 12 months, Cummins had revenue of $34.02 billion and earned $1.94 billion in profits. Earnings per share was $13.63.

Revenue 34.02B
Gross Profit 8.26B
Operating Income 1.27B
Pretax Income 2.69B
Net Income 1.94B
EBITDA 4.11B
EBIT 3.07B
Earnings Per Share (EPS) $13.63
Full Income Statement

Balance Sheet

The company has $3.05 billion in cash and $6.84 billion in debt, giving a net cash position of -$3.78 billion or -$27.66 per share.

Cash & Cash Equivalents 3.05B
Total Debt 6.84B
Net Cash -3.78B
Net Cash Per Share -$27.66
Equity / Book Value 9.07B
Book Value Per Share 66.29
Working Capital 3.93B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $3.75 billion and capital expenditures -$1.19 billion, giving a free cash flow of $2.56 billion.

Operating Cash Flow 3.75B
Capital Expenditures -1.19B
Free Cash Flow 2.56B
FCF Per Share $18.10
Full Cash Flow Statement

Margins

Gross margin is 24.29%, with operating and profit margins of 3.73% and 5.70%.

Gross Margin 24.29%
Operating Margin 3.73%
Pretax Margin 7.92%
Profit Margin 5.70%
EBITDA Margin 12.09%
EBIT Margin 9.03%
FCF Margin 7.52%

Dividends & Yields

This stock pays an annual dividend of $6.72, which amounts to a dividend yield of 2.36%.

Dividend Per Share $6.72
Dividend Yield 2.36%
Dividend Growth (YoY) 7.01%
Years of Dividend Growth 18
Payout Ratio 49.30%
Buyback Yield 0.14%
Shareholder Yield 2.50%
Earnings Yield 4.97%
FCF Yield 6.56%
Dividend Details

Analyst Forecast

The average price target for Cummins is $277.50, which is -2.60% lower than the current price. The consensus rating is "Hold".

Price Target $277.50
Price Target Difference -2.60%
Analyst Consensus Hold
Analyst Count 12
Revenue Growth Forecast (5Y) 2.27%
EPS Growth Forecast (5Y) 33.24%
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

Scores

Cummins has an Altman Z-Score of 3.47 and a Piotroski F-Score of 8.

Altman Z-Score 3.47
Piotroski F-Score 8