Cadre Holdings, Inc. (CDRE) Analyse boursière

Présentation de l'entreprise

Cadre Holdings, Inc. operates as a manufacturer and distributor specializing in safety equipment designed to provide protection to users facing hazardous or life-threatening situations across the United States and international markets. The enterprise functions within the Industrials sector, specifically targeting the Aerospace & Defense industry, which implies a focus on high-reliability components essential for critical infrastructure and operational safety. As of the latest data, the company maintains a market capitalization of $1.40B and employs a workforce of 2533 individuals to support its operations. With annual revenue reaching $610.31M, these financial figures indicate that Cadre Holdings holds a significant position within its niche, leveraging a substantial asset base to serve a global demand for protective gear. The scale of operations, evidenced by the revenue magnitude and employee count, suggests a mature business model capable of sustaining extensive distribution networks while navigating the complexities of the defense and industrial supply chains.

Santé financière

The company generated revenue of $610.31M over the trailing twelve months, resulting in a net income of $44.14M and an EBITDA of $95.98M, highlighting a distinct gap between gross revenue and final profit that reveals a substantial cost structure involving operating expenses, taxes, and interest. The free cash flow stands at $27.99M, indicating that the company retains enough cash from operations after capital expenditures to provide financial flexibility for reinvestment or debt servicing. Margin analysis shows a gross margin of 42.8%, an operating margin of 13.4%, and a profit margin of 7.2%, where the wide divergence between gross and net margins underscores the significant impact of overhead costs and operating leverage on the bottom line. On the balance sheet, cash holdings of $124.08M are contrasted against total debt of $332.30M, with a debt-to-equity ratio of 104.56, suggesting a leveraged capital structure where liabilities exceed equity. The current ratio is recorded at 3.50, which indicates a robust short-term liquidity position, ensuring the company can comfortably meet its obligations due within one year. Return on Equity is 14.0% and Return on Assets is 6.8%, metrics that reveal management's effectiveness in generating returns relative to shareholder equity and the total asset base utilized to drive revenue.

Évaluation de la valorisation

Cadre Holdings trades with a trailing P/E ratio of 32.23 and a forward P/E of 22.99, where the significant difference between these multiples implies an expectation of substantial earnings improvement in the coming year to align current prices with future profitability. The price-to-book ratio is 4.36, indicating that the market values the company at a significant premium over its net asset book value, reflecting confidence in the intangible value of its brand and distribution network. Alternative valuation metrics include a price-to-sales ratio of 2.30 and an EV/EBITDA of 16.80, which suggest that the stock is priced based on sales growth potential and enterprise value efficiency rather than just current earnings power. Regarding price momentum, the 52-week high is $48.76 and the 52-week low is $27.95, meaning the current share price sits within this historical range but requires specific calculation to determine the exact percentage deviation from the peak. The beta value is 1.48, which explains that the stock exhibits higher price volatility relative to the broader market, amplifying movements in both upward and downward directions compared to the S&P 500.

Growth & Income

Recent performance data indicates a revenue growth rate of -5.0% and an earnings growth rate of -13.3%, revealing that earnings are declining at a faster pace than revenue, which implies increasing pressure on profit margins or rising cost of goods sold that outpaces top-line expansion. As a dividend payer, the company offers a dividend yield of 1.2% with a payout ratio of 37.2%, suggesting that the current dividend distribution is sustainable given that less than half of the net income is required to cover payments. The relatively low payout ratio allows the firm to retain a significant portion of earnings for operational needs despite the recent contraction in profitability. Overall, the growth and income profile presents a scenario of moderate income generation through dividends against a backdrop of declining year-over-year growth, requiring investors to weigh the stability of the safety equipment business against the current contractionary trends in revenue and earnings.