公司概述
Whirlpool Corporation manufactures and markets home appliances and related products and services across North America, Latin America, and international markets. The company's principal product portfolio includes refrigerators, freezers, ice makers, refrigerator water filters, laundry appliances, and commercial units, positioning it as a key player in the consumer durable goods sector. Operating within the Consumer Cyclical sector under the Furnishings, Fixtures & Appliances industry, the firm aligns with economic cycles driven by housing construction and consumer discretionary spending. As of the latest reporting period, Whirlpool Corporation holds a market capitalization of $3.62 billion and generates total annual revenue of $15.52 billion, supported by a workforce of 41,000 employees. These valuation and revenue figures indicate that while the company maintains a significant operational footprint, its market cap reflects a small-cap classification relative to mega-cap peers in the household appliance space, suggesting a niche market position or specific regional concentration that constrains broader valuation multiples.
财务健康
Whirlpool Corporation reported a trailing twelve-month revenue of $15.52 billion, net income of $318.00 million, and EBITDA of $1.04 billion. The substantial gap between the $15.52 billion in revenue and the $318.00 million in net income reveals a cost structure where operating expenses, depreciation, and taxes consume approximately 98% of top-line sales, leaving a thin profit layer. The company's free cash flow stands at -$133,125,000, indicating a current period where capital expenditures exceed operating cash generation, which limits immediate financial flexibility for aggressive expansion or large-scale share buybacks without external financing. Profitability is further contextualized by a gross margin of 15.4%, an operating margin of 3.4%, and a profit margin of 2.0%, all of which suggest intense pricing competition or high input costs that compress earnings before interest, taxes, depreciation, and amortization. On the balance sheet, the company holds $669.00 million in cash against $7.36 billion in debt, resulting in a debt-to-equity ratio of 270.94%, which characterizes a highly leveraged position that requires consistent cash flow generation to service obligations. Additionally, the current ratio of 0.76 signals that current assets do not fully cover current liabilities, pointing to potential short-term liquidity pressures if working capital management is not optimized. Return on Equity of 12.1% and Return on Assets of 2.7% demonstrate that management generates moderate returns on shareholders' equity but utilizes assets very inefficiently relative to the capital employed, given the low ROA.
估值评估
Whirlpool Corporation trades with a trailing P/E ratio of 9.92 and a forward P/E of 7.77. The difference between the trailing and forward multiples implies that the market expects earnings to grow significantly in the coming periods to justify the lower forward multiple, or conversely, that current earnings are expected to decline before recovering. The price-to-book ratio is 1.15, indicating that the market values the company at a slight premium over its net asset book value, suggesting confidence in the quality of its tangible assets and brand equity. Alternative valuation metrics include a price-to-sales ratio of 0.23 and an EV/EBITDA of 9.50, which suggest the stock is priced attractively relative to its sales and earnings power, particularly when compared to high-growth technology peers. Regarding price volatility, the 52-week high is $111.96 and the 52-week low is $50.41. Without the specific current share price to calculate the exact percentage, the stock's trading range spans a significant band of over $60, reflecting substantial price movement over the past year. The beta of 1.26 indicates that the stock exhibits higher volatility than the broader market, meaning it tends to move 26% more than the overall market index during periods of fluctuation.
Growth & Income
Whirlpool Corporation experienced a revenue growth rate of -0.9% year-over-year, while earnings growth is listed as N/A due to lack of comparable data in the provided facts. The contraction in revenue suggests a challenging operating environment or market share erosion, and since earnings data is unavailable for growth calculation, it is impossible to determine if earnings are growing faster or slower than revenue based strictly on the provided metrics. However, the company maintains a dividend yield of 7.9% with a payout ratio of 93.6%. A payout ratio of 93.6% is generally unsustainable for a company with negative free cash flow and a declining revenue base, as it requires the company to borrow cash or liquidate assets to fund the dividend. For a non-dividend payer, the strategy would be reinvestment, but Whirlpool is a dividend payer, making the high payout ratio a critical risk factor for income investors. In summary, the overall growth and income profile is characterized by shrinking top-line revenue, negative cash flow generation, and a dividend policy that places significant strain on the company's financial resources given its current earnings and cash flow constraints.