公司概述
The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paint, coatings, and related products serving professional, industrial, commercial, and retail customers. This entity operates within the Basic Materials sector, specifically the Specialty Chemicals industry, which positions it as a critical supplier of essential chemical formulations for diverse construction and manufacturing applications. As of the latest data, the company commands a market capitalization of $83.17B and generates annual revenue of $23.57B, supporting a workforce of 64,249 employees. These valuation and revenue metrics indicate that Sherwin-Williams is a large-cap enterprise with significant operational scale and substantial market influence within the specialty chemicals landscape.
财务健康
The company reported a trailing twelve-month revenue of $23.57B alongside a net income of $2.57B and an EBITDA of $4.49B. The substantial gap between the $23.57B revenue and the $2.57B net income reveals a cost structure where operating expenses and taxes consume approximately 89.1% of top-line earnings before reaching the bottom line. Free cash flow stands at $1.93B, which signifies robust financial flexibility allowing the firm to fund capital expenditures, service debt obligations, or pursue strategic acquisitions without immediate reliance on external financing. Profitability is supported by a gross margin of 48.8%, reflecting high pricing power or efficient production costs in manufacturing paints and coatings. Operating margin sits at 14.2% while profit margin reaches 10.9%, indicating that after all operational expenses and interest, the company retains a significant portion of sales as pure profit. The balance sheet shows $207.20M in cash against $14.07B in debt, resulting in a debt-to-equity ratio of 306.06%, which suggests a highly leveraged capital structure reliant on equity financing or retained earnings to support obligations. The current ratio of 0.87 indicates that current assets are insufficient to cover current liabilities, pointing to potential liquidity pressures or reliance on operating cash flow to meet short-term obligations. Return on Equity is an impressive 59.4% compared to a Return on Assets of 9.6%, suggesting that management is highly effective at utilizing shareholder equity to generate returns, though asset efficiency is moderated by the heavy leverage present on the balance sheet.
估值评估
The stock trades at a trailing P/E ratio of 32.68 and a forward P/E of 25.02, where the significant difference between these two metrics implies that the market expects earnings growth to accelerate substantially in the future to justify the current high valuation multiple. The price-to-book ratio stands at 17.98, indicating that the market values the company at nearly 18 times its book value, which reflects a substantial premium assigned to its intangible assets, brand equity, and growth prospects over and above its tangible net assets. Alternative valuation metrics show a price-to-sales ratio of 3.53 and an EV/EBITDA of 21.52, suggesting that investors are willing to pay a high multiple for every dollar of sales and earnings, consistent with a mature company in a defensive sector that still commands a premium. Regarding trading range, the 52-week high is $379.65 and the 52-week low is $301.58; without a specific current share price provided in the facts, the absolute position relative to this range cannot be calculated, but the spread between the high and low establishes a volatility band of $78.07. The beta value of 1.27 indicates that the stock's price volatility is 27% higher than the broader market, meaning it tends to amplify market movements and carries higher systematic risk than a standard market index.
Growth & Income
Revenue growth over the last year was 5.6% while earnings growth registered at 1.4%, indicating that earnings are growing significantly slower than revenue. This divergence implies that the company is facing margin compression or increasing costs that are absorbing a larger portion of the incremental revenue, preventing the full translation of sales growth into profit growth. For dividend payers, the company offers a dividend yield of 0.9% with a payout ratio of 30.8%, a conservative level that suggests the dividend is well-covered by current earnings and likely sustainable even if earnings fluctuate. Given the low payout ratio, the company retains the majority of its earnings for reinvestment into R&D, store expansions, or share buybacks rather than distributing all profits to shareholders. The overall growth and income profile presents a mix of moderate top-line expansion tempered by slower earnings growth, supported by a modest but sustainable dividend yield that provides a baseline return independent of capital appreciation.