Financials Woodward, Inc.

Equities

WWD

US9807451037

Aerospace & Defense

Real-time Estimate Cboe BZX 02:58:42 2024-05-15 pm EDT 5-day change 1st Jan Change
178.7 USD +0.82% Intraday chart for Woodward, Inc. +0.18% +31.10%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,669 5,001 7,200 4,829 7,507 10,796 - -
Enterprise Value (EV) 1 7,655 5,686 7,486 5,498 8,092 11,209 11,119 11,100
P/E ratio 26.8 x 21.4 x 35.6 x 29.6 x 32.9 x 29.8 x 27.6 x 23.7 x
Yield 0.58% 0.75% 0.5% 0.91% 0.68% 0.55% 0.61% 0.68%
Capitalization / Revenue 2.3 x 2 x 3.21 x 2.03 x 2.58 x 3.26 x 3.08 x 2.9 x
EV / Revenue 2.64 x 2.28 x 3.33 x 2.31 x 2.78 x 3.39 x 3.18 x 2.98 x
EV / EBITDA 14 x 12 x 18.1 x 15.4 x 17 x 18 x 16.9 x 15.1 x
EV / FCF 26.3 x 18.8 x 17.5 x 39.1 x 34.9 x 31 x 27.1 x 24.6 x
FCF Yield 3.81% 5.32% 5.7% 2.56% 2.87% 3.23% 3.69% 4.06%
Price to Book 4.03 x 2.51 x 3.23 x 2.67 x 3.69 x 4.59 x 4.42 x 4.2 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 80.26 124.3 177.2 177.2 177.2
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 3,311 3,502 3,726
EBITDA 1 544.9 474.3 413.1 356.1 475.5 622.1 656.7 733.9
EBIT 1 424 343.2 283.6 235.5 355.8 501.2 533.5 602.9
Operating Margin 14.62% 13.75% 12.63% 9.88% 12.21% 15.14% 15.23% 16.18%
Earnings before Tax (EBT) 1 320.6 281.9 245.8 199.9 275.8 457.1 489.4 556.4
Net income 1 259.6 240.4 208.6 171.7 232.4 367.6 388.3 442.9
Net margin 8.95% 9.63% 9.29% 7.21% 7.97% 11.1% 11.09% 11.89%
EPS 2 4.020 3.740 3.180 2.710 3.780 5.955 6.413 7.465
Free Cash Flow 1 291.5 302.4 427 140.8 232 361.8 409.8 450.5
FCF margin 10.05% 12.12% 19.01% 5.91% 7.96% 10.93% 11.7% 12.09%
FCF Conversion (EBITDA) 53.5% 63.76% 103.36% 39.53% 48.8% 58.16% 62.4% 61.39%
FCF Conversion (Net income) 112.3% 125.79% 204.64% 81.99% 99.86% 98.42% 105.52% 101.72%
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 1 541.6 586.8 614.3 640 618.6 718.2 800.7 777.1 786.7 835.3 854.2 834.9 818.5 875.3 917.1
EBITDA 1 84.11 90.68 88.39 92.91 71.83 117.4 147.4 138.9 147.9 164.4 159.7 152.4 139.6 161.4 175.5
EBIT 1 53.39 60.06 58.47 63.54 42.52 87.45 117.4 108.4 119.1 135.2 128.1 120.4 113.8 134.9 146
Operating Margin 9.86% 10.24% 9.52% 9.93% 6.87% 12.18% 14.66% 13.95% 15.14% 16.18% 15% 14.42% 13.91% 15.42% 15.92%
Earnings before Tax (EBT) 1 37.75 54.1 50.29 57.77 31.75 40.24 105.7 98.04 109.7 120.6 115.5 108.3 89.97 120.4 131.8
Net income 1 30.3 47.91 39.45 54.04 29.61 35.51 84.6 82.65 90.04 97.56 92.74 88.04 77.52 98.97 108.6
Net margin 5.6% 8.16% 6.42% 8.44% 4.79% 4.94% 10.57% 10.64% 11.45% 11.68% 10.86% 10.54% 9.47% 11.31% 11.84%
EPS 2 0.4700 0.7400 0.6400 0.8800 0.4900 0.5800 1.370 1.330 1.460 1.560 1.495 1.423 1.269 1.628 1.798
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 0.2812 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 1 986 685 286 670 584 412 323 304
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.809 x 1.445 x 0.6932 x 1.88 x 1.228 x 0.6628 x 0.4913 x 0.4141 x
Free Cash Flow 1 292 302 427 141 232 362 410 451
ROE (net income / shareholders' equity) 15.9% 12.9% 9.92% 8.34% 11.7% 17.1% 17.4% 19.6%
ROA (Net income/ Total Assets) - - - - 5.95% 8.81% 9.02% 10.2%
Assets 1 - - - - 3,908 4,173 4,306 4,342
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 7.450 8.470 10.00
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% 2.75%
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
11
Last Close Price
177.2 USD
Average target price
182.4 USD
Spread / Average Target
+2.95%
Consensus
  1. Stock Market
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  4. Financials Woodward, Inc.
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