Curtiss-Wright Corporation designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, automotive, shipbuilding, processing, oil, petrochemical, agricultural equipment, railroad, power generation, security, and metalworking industries worldwide. The company was founded in 1929 and is based in Charlotte, North Carolina.
CW Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for CW, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Curtiss Wright Corp ranked in the 41th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 37.83%. The most interesting components of our discounted cash flow analysis for Curtiss Wright Corp ended up being:
The company's debt burden, as measured by earnings divided by interest payments, is 10.42 -- which is good for besting 75.35% of its peer stocks (US stocks in the Industrials sector with positive cash flow).
Curtiss Wright Corp's weighted average cost of capital (WACC) is 8%; for context, that number is higher than merely 17% of tickers in our DCF set.
CW's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 3%; for context, that number is higher than merely 17% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CW, try CAE, FCN, RXN, ALLE, and IAA.
Curtiss-Wright Corporation (NYSE: CW) expects to release its fourth quarter and full-year 2020 financial results after the close of trading on Wednesday, February 24, 2021. A webcast conference call will be held on Thursday, February 25, 2021 at 10:00 am ET for management to discuss the Company’s fourth quarter and full-year 2020 performance as well as expectations for 2021 financial performance. David C. Adams, Executive Chairman, Lynn M. Bamford, President and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will host the call.
DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that, as part of its formal succession plan, its Board of Directors has named Robert F. Freda as Treasurer, succeeding Harry S. Jakubowitz, who plans to retire after a distinguished 18-year career with the Company, with the past 15 years as Treasurer. "I am pleased to announce the promotion of Bob Freda as Curtiss-Wright's next Treasurer,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation.
ALAMEDA, Calif.--(BUSINESS WIRE)-- #aerospace--Wind River®, a leader in delivering software for the intelligent edge, is collaborating with Curtiss-Wright Defense Solutions to offer integrated cybersecurity and anti-tamper protections for aerospace and defense systems. This collaboration better enables customers of both companies to meet stringent security and performance requirements needed for mission-critical applications. The modern battlefield has become connected and intelligent, and the potential for
ASHBURN, Va.--(BUSINESS WIRE)--Curtiss-Wright’s Defense Solutions division today announced that its recently acquired business, PacStar®, a leading developer and supplier of advanced communications solutions for the U.S. Department of Defense (DoD), has been awarded a $25 million contract to upgrade a portion of the U.S. Marine Corps Combat Data Network (CDN). By delivering a ruggedized, small form factor solution, PacStar will enable the U.S. Marine Corps to extend the benefits of advanced net