Financials Woodward, Inc.

Equities

WWD

US9807451037

Aerospace & Defense

Real-time Estimate Cboe BZX 11:41:47 2024-07-03 am EDT 5-day change 1st Jan Change
172.1 USD -0.19% Intraday chart for Woodward, Inc. -2.41% +26.67%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,669 5,001 7,200 4,829 7,507 10,501 - -
Enterprise Value (EV) 1 7,655 5,686 7,486 5,498 8,092 10,917 10,827 10,811
P/E ratio 26.8 x 21.4 x 35.6 x 29.6 x 32.9 x 28.9 x 27 x 23.2 x
Yield 0.58% 0.75% 0.5% 0.91% 0.68% 0.57% 0.63% 0.7%
Capitalization / Revenue 2.3 x 2 x 3.21 x 2.03 x 2.58 x 3.17 x 3 x 2.82 x
EV / Revenue 2.64 x 2.28 x 3.33 x 2.31 x 2.78 x 3.3 x 3.09 x 2.9 x
EV / EBITDA 14 x 12 x 18.1 x 15.4 x 17 x 17.5 x 16.5 x 14.7 x
EV / FCF 26.3 x 18.8 x 17.5 x 39.1 x 34.9 x 30.4 x 26.5 x 24.3 x
FCF Yield 3.81% 5.32% 5.7% 2.56% 2.87% 3.29% 3.77% 4.12%
Price to Book 4.03 x 2.51 x 3.23 x 2.67 x 3.69 x 4.46 x 4.3 x 4.08 x
Nbr of stocks (in thousands) 61,846 62,384 63,603 60,164 60,418 60,920 - -
Reference price 2 107.8 80.16 113.2 80.26 124.3 172.4 172.4 172.4
Announcement Date 11/18/19 11/19/20 11/18/21 11/17/22 11/16/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,900 2,496 2,246 2,383 2,915 3,313 3,501 3,727
EBITDA 1 544.9 474.3 413.1 356.1 475.5 622.5 657.1 736
EBIT 1 424 343.2 283.6 235.5 355.8 495 525.4 607.5
Operating Margin 14.62% 13.75% 12.63% 9.88% 12.21% 14.94% 15% 16.3%
Earnings before Tax (EBT) 1 320.6 281.9 245.8 199.9 275.8 458 488 555.5
Net income 1 259.6 240.4 208.6 171.7 232.4 368 387.5 442.6
Net margin 8.95% 9.63% 9.29% 7.21% 7.97% 11.11% 11.07% 11.88%
EPS 2 4.020 3.740 3.180 2.710 3.780 5.963 6.390 7.445
Free Cash Flow 1 291.5 302.4 427 140.8 232 359.6 408.2 445.7
FCF margin 10.05% 12.12% 19.01% 5.91% 7.96% 10.86% 11.66% 11.96%
FCF Conversion (EBITDA) 53.5% 63.76% 103.36% 39.53% 48.8% 57.77% 62.11% 60.56%
FCF Conversion (Net income) 112.3% 125.79% 204.64% 81.99% 99.86% 97.71% 105.34% 100.71%
Dividend per Share 2 0.6300 0.6050 0.5688 0.7325 0.8500 0.9760 1.080 1.206
Announcement Date 11/18/19 11/19/20 11/18/21 11/17/22 11/16/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 541.6 586.8 614.3 640 618.6 718.2 800.7 777.1 786.7 835.3 853.6 836 819.2 875.8 916
EBITDA 1 84.11 90.68 88.39 92.91 71.83 117.4 147.4 138.9 147.9 164.4 160.1 152.8 139.8 161.5 175.5
EBIT 1 53.39 60.06 58.47 63.54 42.52 87.45 117.4 108.4 119.1 135.2 126.6 118.9 113.9 135 146
Operating Margin 9.86% 10.24% 9.52% 9.93% 6.87% 12.18% 14.66% 13.95% 15.14% 16.18% 14.84% 14.22% 13.91% 15.42% 15.94%
Earnings before Tax (EBT) 1 37.75 54.1 50.29 57.77 31.75 40.24 105.7 98.04 109.7 120.6 116.3 108.6 90.31 120.7 133.2
Net income 1 30.3 47.91 39.45 54.04 29.61 35.51 84.6 82.65 90.04 97.56 93.03 88.32 77.64 99.07 108.6
Net margin 5.6% 8.16% 6.42% 8.44% 4.79% 4.94% 10.57% 10.64% 11.45% 11.68% 10.9% 10.57% 9.48% 11.31% 11.86%
EPS 2 0.4700 0.7400 0.6400 0.8800 0.4900 0.5800 1.370 1.330 1.460 1.560 1.500 1.427 1.270 1.628 1.796
Dividend per Share 2 0.1625 0.1900 0.1900 0.1900 0.1900 0.2200 0.2200 0.2200 0.2200 0.2500 0.2500 0.2500 0.2500 0.2812 0.2812
Announcement Date 1/31/22 5/2/22 8/1/22 11/17/22 1/30/23 5/1/23 7/31/23 11/16/23 1/29/24 4/29/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 986 685 286 670 584 415 325 309
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.809 x 1.445 x 0.6932 x 1.88 x 1.228 x 0.667 x 0.4951 x 0.42 x
Free Cash Flow 1 292 302 427 141 232 360 408 446
ROE (net income / shareholders' equity) 15.9% 12.9% 9.92% 8.34% 11.7% 17.1% 17.4% 19.7%
ROA (Net income/ Total Assets) - - - - 5.95% 8.9% 9.05% 10.3%
Assets 1 - - - - 3,908 4,134 4,282 4,296
Book Value Per Share 2 26.70 31.90 35.00 30.10 33.70 38.60 40.10 42.20
Cash Flow per Share 2 6.060 5.440 7.090 3.060 5.020 7.470 8.450 9.990
Capex 1 99.1 47.1 37.7 52.9 76.5 100 101 103
Capex / Sales 3.42% 1.89% 1.68% 2.22% 2.62% 3.02% 2.89% 2.76%
Announcement Date 11/18/19 11/19/20 11/18/21 11/17/22 11/16/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
172.4 USD
Average target price
189.2 USD
Spread / Average Target
+9.76%
Consensus
  1. Stock Market
  2. Equities
  3. WWD Stock
  4. Financials Woodward, Inc.