企業概要
Carlisle Companies Incorporated is a leading manufacturer and supplier of building envelope products and solutions, serving markets across the United States, Europe, North America, and internationally through its specialized operational segments. The company operates within the Industrials sector, specifically focusing on the Building Products & Equipment industry, which encompasses the production of materials essential for construction and infrastructure projects. With a market capitalization of $14.33B, annual revenue of $5.02B, and an employee base of 5900, Carlisle Companies Incorporated represents a significant mid-to-large-cap entity within its niche. These valuation and revenue figures indicate a substantial market presence, positioning the firm as a major player capable of influencing supply chain dynamics within the building materials sector. The scale of operations suggests a diversified revenue stream derived from both Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT), allowing for a robust footprint in the global building envelope market.
財務健全性
The company reported a trailing twelve-month revenue of $5.02B and net income of $741.00M, while generating an EBITDA of $1.20B. The significant gap between the $5.02B revenue and $741.00M net income reveals a cost structure where operating expenses and taxes consume a substantial portion of gross sales, resulting in a profit margin of 14.8%. Free cash flow stands at $749.57M, indicating that the company generates sufficient cash from operations to fund capital expenditures and potentially support shareholder returns or debt reduction without external financing. The gross margin is recorded at 35.7%, reflecting the pricing power and production efficiency of the manufacturing segments, while the operating margin of 16.5% demonstrates effective control over selling, general, and administrative expenses. In terms of liquidity and leverage, the company holds $1.11B in cash against $3.02B in debt, resulting in a debt-to-equity ratio of 168.32% which indicates a leveraged balance sheet typical for capital-intensive industrial firms. The current ratio of 3.09 suggests a highly conservative short-term liquidity position, providing a comfortable buffer to meet obligations due within a year. Return on Equity (ROE) of 34.9% and Return on Assets (ROA) of 10.4% highlight exceptional management effectiveness in utilizing shareholder capital and assets to generate profits.
バリュエーション評価
The stock trades at a trailing P/E ratio of 20.41 compared to a forward P/E of 14.98, implying that the market currently prices in a significant decline in future earnings or expects earnings to normalize from current depressed levels. The price-to-book ratio stands at 7.99, indicating that the market values the company at nearly eight times its net book value, which often reflects the high returns on equity or intangible asset values not fully captured on the balance sheet. Alternative valuation metrics such as a price-to-sales ratio of 2.85 and an EV/EBITDA of 13.51 provide context that the company is valued based on both revenue generation and operational profitability relative to enterprise value. Regarding trading ranges, the 52-week high is $435.92 and the low is $293.43, meaning the current market price sits significantly below the recent peak, reflecting recent market volatility or sector-specific headwinds. The beta of 0.95 indicates that the stock price volatility is slightly lower than the broader market, suggesting it may act as a relatively stable component within a diversified portfolio during periods of general market fluctuation.
Growth & Income
Revenue growth year-over-year is minimal at 0.4%, while earnings growth year-over-year is negative at -14.6%, indicating that earnings are contracting at a much faster rate than revenue, likely driven by rising input costs or margin compression in the building products industry. As a dividend payer, the company offers a dividend yield of 1.2% with a payout ratio of 24.5%, which suggests a sustainable dividend policy given that the payout is well-covered by current earnings and free cash flow. The low payout ratio allows the company to retain a majority of its earnings for reinvestment into operations, research and development, or debt management rather than distributing them entirely to shareholders. Overall, the growth and income profile presents a mature business with stable cash generation and a consistent dividend, though recent earnings contraction warrants monitoring of operational efficiency and pricing power to reverse the negative earnings trend.