The Gorman-Rupp Company (GRC) 株式分析

企業概要

The Gorman-Rupp Company is engaged in the design, manufacture, and sale of pumps and pump systems, serving both domestic and international markets. This enterprise operates within the Industrials sector, specifically focusing on the Specialty Industrial Machinery industry, which implies a specialization in complex mechanical equipment for industrial applications. The company currently maintains a market capitalization of $1.82B and employs 1415 individuals, generating annual revenue of $682.39M. These valuation and revenue figures indicate that the firm holds a significant position within its niche, possessing substantial scale that supports its manufacturing operations and global distribution network. The combination of a $1.82B market cap and over $682M in revenue suggests a mid-to-large-cap industrial entity with established market presence.

財務健全性

The company reported trailing twelve-month revenue of $682.39M alongside a net income of $53.02M and an EBITDA of $123.98M. The substantial gap between the $682.39M in revenue and the $53.02M in net income reveals a cost structure characterized by significant operating expenses, taxes, and interest costs that absorb approximately 92.2% of top-line sales before arriving at the bottom line. Free cash flow stands at $64.03M, which indicates the company retains sufficient liquidity to fund capital expenditures, repay debt obligations, or pursue strategic acquisitions without relying solely on external financing. Regarding profitability efficiency, the gross margin is 31.0%, reflecting the production efficiency and pricing power on pump sales; the operating margin of 14.6% demonstrates the effectiveness of managing overhead and administrative expenses relative to revenue; and the profit margin of 7.8% highlights the final percentage of revenue converted into net earnings after all costs. On the balance sheet, the firm holds $35.08M in cash while carrying $328.81M in debt, resulting in a debt-to-equity ratio of 79.28, which characterizes the capital structure as highly leveraged and sensitive to interest rate fluctuations. However, the current ratio of 2.37 suggests that the company maintains a robust level of short-term liquidity, with current assets significantly exceeding current liabilities. Furthermore, the return on equity of 13.4% and return on assets of 7.0% reveal that management is generating moderate returns on the shareholders' capital and the total asset base employed in operations.

バリュエーション評価

The stock trades at a trailing P/E ratio of 34.27 and a forward P/E of 26.73, implying that the market anticipates a notable expansion in earnings growth that will compress the valuation multiple over the coming year. The price-to-book ratio is 4.38, indicating that the market prices the company at a significant premium relative to its tangible book value, likely reflecting intangible assets, brand strength, or growth expectations not captured on the balance sheet. Alternative valuation metrics such as the price-to-sales ratio of 2.67 and an EV/EBITDA of 17.06 provide context for the valuation relative to sales and operating cash generation, suggesting a premium multiple compared to many mature industrial peers. In terms of price range, the 52-week high is $69.88 and the 52-week low is $30.87, meaning the current price sits at a specific point within this volatility range, reflecting recent market sentiment shifts. The beta value of 1.26 indicates that the stock exhibits higher price volatility than the broader market, moving with greater magnitude during periods of market instability or rally.

Growth & Income

Revenue growth over the last year was 2.4%, while earnings growth accelerated significantly to 23.8%, demonstrating that earnings are expanding much faster than revenue due to margin expansion or cost efficiencies. As a dividend payer, the company offers a yield of 1.1% with a payout ratio of 36.9%, indicating that the dividend is sustainable given the strong earnings growth and healthy cash flow generation. The payout ratio of 36.9% suggests that the firm retains a majority of its earnings for reinvestment or debt reduction rather than distributing them all to shareholders. Overall, the company presents a profile of moderate revenue stability coupled with accelerating earnings growth and a conservative yet sustainable dividend policy within a leveraged industrial framework.