Crane NXT, Co. (CXT) 株式分析

企業概要

Crane NXT, Co. operates as an industrial technology firm dedicated to providing solutions that secure, detect, and authenticate critical assets for its clientele. The company functions within the Industrials sector, specifically classified under the Specialty Industrial Machinery industry, which positions it as a provider of specialized equipment rather than mass-market goods. This entity employs a workforce of 4,800 individuals and maintains a total market capitalization of 24.9 億ドル。annual revenue generated over the trailing twelve months reached 16.6 億ドル。These valuation and revenue figures indicate that the company has established a significant presence in the specialty machinery space, commanding a market cap that is roughly 15 倍 its annual sales volume, suggesting a market that values its technological moat and recurring revenue streams from its payment and security segments.

財務健全性

The company reported annual revenues of 16.6 億ドル、net income of 14510 万ドル、および EBITDA of 39290 万ドル over the trailing twelve months. The substantial gap between the 16.6 億ドル revenue and the 14510 万ドル net income reveals a cost structure where operating expenses and taxes consume approximately 11.3 億ドル of gross profit, indicating a high fixed-cost environment typical of industrial machinery manufacturers. Free cash flow stands at 15255 万ドル、which demonstrates the company's ability to generate liquidity from operations after capital expenditures, providing financial flexibility for debt repayment or strategic reinvestment without relying on external financing. Profitability analysis shows a gross margin of 42.5%、which reflects strong pricing power and efficient production; an operating margin of 18.4% indicates effective control over overhead costs; and a profit margin of 8.8% highlights the impact of interest and tax obligations on the bottom line. The balance sheet holds 23380 万ドル in cash against 12.1 億ドル in debt, resulting in a debt-to-equity ratio of 96.25、which suggests a highly leveraged capital structure where debt obligations are nearly equal to shareholder equity. Short-term liquidity is supported by a current ratio of 1.50、implying the company possesses 150% of its current liabilities in liquid assets to meet obligations due within a year. Return on equity is 12.5% while return on assets is 6.5%、and these metrics reveal that management is utilizing shareholder equity more efficiently than total assets to generate profits, though the lower ROA points to the heavy asset base inherent in the industrial machinery sector.

バリュエーション評価

The trailing twelve-month P/E ratio is 17.32 while the forward P/E is 9.17、and the significant discrepancy implies that the market expects earnings to grow substantially in the future to justify the lower multiple on expected profits. The price-to-book ratio stands at 1.99、indicating that the market values the company at nearly twice its net asset book value, which often suggests confidence in intangible assets like technology and brand rather than just physical machinery. Alternative valuation metrics such as the price-to-sales ratio of 1.50 and the EV/EBITDA of 8.82 provide context for revenue-rich but potentially earnings-volatile periods, suggesting the stock is priced at 1.5 times its sales stream. Regarding price metrics, the 52-week high is 69.00 ドル and the 52-week low is 39.23 ドル; without the current share price explicitly provided in the facts, the range defines the recent volatility corridor within which the stock has traded. The beta value is 1.47、which indicates that the stock's price volatility is 47% higher than the broader market, reflecting the cyclical nature of the industrial sector and sensitivity to economic downturns affecting capital equipment purchases.

Growth & Income

Revenue growth year-over-year is 19.5% while earnings growth year-over-year is -18.0%、and this divergence implies that top-line expansion is occurring despite a contraction in profitability, likely due to the aforementioned leverage and cost pressures. As a dividend payer with a yield of 1.7% and a payout ratio of 27.2%、the company distributes a modest portion of its earnings, and the low payout ratio suggests the dividend is well-covered even during periods of earnings decline, ensuring sustainability. The low payout ratio further indicates that the majority of earnings are retained to fund operations and debt reduction rather than being fully distributed to shareholders. Overall, the growth and income profile presents a scenario of strong top-line expansion offset by earnings compression, supported by a conservative dividend policy and a highly leveraged balance sheet that requires careful monitoring of interest rate environments.