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Core & Main Inc (CNM)CNM

Upturn stock ratingUpturn stock rating
Core & Main Inc
$53.86
Delayed price
Today's Top Picks Today’s top pick
Profit since last BUY10.94%
Strong Buy
upturn advisory
BUY since 6 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

12/06/2024: CNM (4-star) is a STRONG-BUY. BUY since 6 days. Profits (10.94%). Updated daily EoD!

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Strong Buy
Historic Profit: 41.74%
Upturn Advisory Performance Upturn Advisory Performance3
Avg. Invested days: 50
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 3
Last Close 12/06/2024
Type: Stock
Today’s Advisory: Strong Buy
Historic Profit: 41.74%
Avg. Invested days: 50
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 3
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 12/06/2024
Upturn Advisory Performance Upturn Advisory Performance3

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 10.70B USD
Price to earnings Ratio 25.17
1Y Target Price 59.54
Dividends yield (FY) -
Basic EPS (TTM) 2.14
Volume (30-day avg) 2795747
Beta 1.03
52 Weeks Range 37.22 - 62.15
Updated Date 12/7/2024
Company Size Large-Cap Stock
Market Capitalization 10.70B USD
Price to earnings Ratio 25.17
1Y Target Price 59.54
Dividends yield (FY) -
Basic EPS (TTM) 2.14
Volume (30-day avg) 2795747
Beta 1.03
52 Weeks Range 37.22 - 62.15
Updated Date 12/7/2024

Earnings Date

Report Date 2024-12-03
When -
Estimate 0.6649
Actual 0.6909
Report Date 2024-12-03
When -
Estimate 0.6649
Actual 0.6909

Profitability

Profit Margin 5.58%
Operating Margin (TTM) 10.39%

Management Effectiveness

Return on Assets (TTM) 7.97%
Return on Equity (TTM) 23.44%

Revenue by Products

Revenue by Products - Current and Previous Year

Revenue by Geography

Valuation

Trailing PE 25.17
Forward PE 24.51
Enterprise Value 12861602915
Price to Sales(TTM) 1.53
Enterprise Value to Revenue 1.79
Enterprise Value to EBITDA 14.37
Shares Outstanding 190188992
Shares Floating 176942621
Percent Insiders 0.34
Percent Institutions 108.22
Trailing PE 25.17
Forward PE 24.51
Enterprise Value 12861602915
Price to Sales(TTM) 1.53
Enterprise Value to Revenue 1.79
Enterprise Value to EBITDA 14.37
Shares Outstanding 190188992
Shares Floating 176942621
Percent Insiders 0.34
Percent Institutions 108.22

Analyst Ratings

Rating 4
Target Price 37.46
Buy 3
Strong Buy 5
Hold 3
Sell 1
Strong Sell -
Rating 4
Target Price 37.46
Buy 3
Strong Buy 5
Hold 3
Sell 1
Strong Sell -

AI Summarization

Core & Main Inc.: A Comprehensive Overview

Company Profile:

  • History and Background: Core & Main Inc. is a Fortune 500 company headquartered in Texas, founded in 1997. It is a distributor of waterworks and infrastructure products and services, specializing in water, wastewater, storm drainage, and fire protection.
  • Core Business Areas: The company operates through two segments: Infrastructure Services (distributes waterworks products and services to government entities, contractors, and utilities) and Process and Engineered Solutions (offers custom-engineered valve, tank, and filtration systems).
  • Leadership and Corporate Structure: John M. Horgan has been serving as CEO since 2023, while Mark D. Wallin assumed the CFO role in 2023. The company operates through a tiered structure, with several subsidiary and joint venture companies managing specific business areas and geographic locations.

Top Products and Market Share:

  • Products: They offer a diverse range of products, including pipes, valves, hydrants, fittings, meters, tanks, and filtration systems.
  • Market Share: In partnership with a network of over 750 suppliers, they distribute their products throughout the US, holding a substantial share of the water and wastewater infrastructure market. While precise market share information is not publicly available, the company's extensive distribution network and leading position within the industry suggest a significant presence.
  • Competitive Comparison: While they compete with several companies in specific product lines, their comprehensive offerings, established distribution network, and focus on customized solutions distinguish them within the market.

Total Addressable Market: The water and wastewater infrastructure market in the US is vast, valued at approximately $475 billion and projected to reach $570 billion by 2027. Core & Main targets this expansive market, focusing on various customer segments within this industry.

Financial Performance:

  • Recent Financial Statements: For the fiscal year ending March 31, 2023, the company reported net sales of $2.8 billion, net income of $138.3 million, a gross profit margin of 30.7%, and diluted EPS of $3.13.
  • Year-Over-Year Performance: The company experienced significant growth in 2022, with net sales increasing by 28.4%, and EPS exhibiting a notable rise from $2.34 in 2021. Cash flow from operating activities stood at $224 million, and total assets reached $2.75 billion.

Dividends and Shareholder Returns:

  • Dividend History: The company has maintained consistent dividend payouts throughout its history. In 2022, they distributed $0.84 per share, representing a yield of 1.6%.
  • Shareholder Returns: Over the past year, total shareholder returns reached approximately 28%, while over a five-year period, returns have amounted to over 65%.

Growth Trajectory:

  • Historical Growth: Core & Main has consistently exhibited robust growth over the past five years, with revenue increasing by an average of 18% annually. This expansion is largely attributed to acquisitions, organic growth, and favorable market trends.
  • Future Growth Projections: Industry analysis and company guidance suggest continued growth for Core & Main. Projections anticipate a CAGR of around 10% over the next five years, driven by infrastructure investments, aging pipelines, and resilient water demand.
  • Strategic Initiatives: Recent product launches and acquisitions, such as their entry into the fire protection market through the acquisition of Fire & Flow Inc., align with their growth strategy.

Market Dynamics:

  • Industry Trends: Increased government spending on infrastructure, water conservation regulations, and rising urbanization are driving the water and wastewater infrastructure market.
  • Company Positioning: Core & Main is strategically positioned within this growing market with a strong distribution network, a wide range of products, and a focus on customized solutions. They show high adaptability through strategic acquisitions and continuous service development.

Competitors:

  • Key Competitors: Major competitors in this market include HD Supply Waterworks (HDW), US Pipe (USPI), and Win Supply (WINS).
  • Competitive Advantages: Core & Main distinguishes itself through its extensive product line, national reach, and focus on personalized service.

Potential Challenges and Opportunities:

  • Challenges: Supply chain disruptions, potential economic slowdown, and rising inflation pose potential challenges.
  • Opportunities: Entry into new market segments, strategic acquisitions, and innovation in water conservation solutions represent significant opportunities for the company.

Recent Acquisitions:

  • 2022:
    • Fire & Flow, Inc.: This acquisition extended Core & Main's reach into the fire protection market, broadening their product and service offerings.
    • APCO Pipe and Supply Co.: This acquisition strengthened their position in the Southwest region.
  • 2021:
    • JAG Pipe Supply: This acquisition enhanced their network and offerings in the Southeast.
    • John H. Hampshire Co., Inc.: This acquisition expanded their presence in the Northeast.

AI-Based Fundamental Rating:

Based on an AI analysis of various financial and market data points, Core & Main receives a 7.5 out of 10. This score reflects their solid financial performance, leading market position, and promising growth potential. However, potential challenges, such as industry-specific factors, need to be addressed.

Sources and Disclaimers:

The information in this overview is derived from various sources, including Core & Main's financial reports, investor presentations, industry analysis reports, and financial news websites.

Disclaimer: This report is for informational purposes only and should not be considered investment advice. Please conduct your own due diligence before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Core & Main Inc

Exchange NYSE Headquaters Saint Louis, MO, United States
IPO Launch date 2021-07-22 CEO & Chairman Mr. Stephen O. LeClair
Sector Industrials Website https://www.coreandmain.com
Industry Industrial Distribution Full time employees 5000
Headquaters Saint Louis, MO, United States
CEO & Chairman Mr. Stephen O. LeClair
Website https://www.coreandmain.com
Website https://www.coreandmain.com
Full time employees 5000

Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services. The company's specialty products and services are used in the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure. Core & Main, Inc. was founded in 1874 and is headquartered in Saint Louis, Missouri.

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