Cancel anytime
Core & Main Inc (CNM)CNM
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
- ALL
- YEAR
- MONTH
- WEEK
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 | Today’s Advisory: Strong Buy |
Historic Profit: 41.74% | Upturn Advisory Performance 3 | Avg. Invested days: 50 |
Profits based on simulation | Stock 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 | Stock Returns Performance 3 |
Profits based on simulation Last Close 12/06/2024 | Upturn Advisory Performance 3 |
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.