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BWX Technologies

DB:4BW
Snowflake Description

Proven track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4BW
DB
$5B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. The last earnings update was 69 days ago. More info.


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4BW Share Price and Events
7 Day Returns
-1%
DB:4BW
0.8%
Europe Aerospace & Defense
2.8%
DE Market
1 Year Returns
0.6%
DB:4BW
11.7%
Europe Aerospace & Defense
3%
DE Market
4BW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BWX Technologies (4BW) -1% -6.4% 7.9% 0.6% 46.9% 132%
Europe Aerospace & Defense 0.8% -3.8% 0.9% 11.7% 67.1% 114.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • 4BW underperformed the Aerospace & Defense industry which returned 11.7% over the past year.
  • 4BW underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
4BW
Industry
5yr Volatility vs Market

4BW Value

 Is BWX Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BWX Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BWX Technologies.

DB:4BW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:4BW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.864 (1 + (1- 21%) (16.58%))
0.985
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.985 * 5.96%)
6.1%

Discounted Cash Flow Calculation for DB:4BW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BWX Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:4BW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.1%)
2020 146.71 Analyst x5 138.28
2021 252.97 Analyst x3 224.73
2022 290.00 Analyst x2 242.83
2023 307.70 Analyst x2 242.84
2024 319.65 Est @ 3.88% 237.78
2025 328.57 Est @ 2.79% 230.36
2026 335.20 Est @ 2.02% 221.51
2027 340.17 Est @ 1.48% 211.88
2028 343.93 Est @ 1.11% 201.91
2029 346.83 Est @ 0.84% 191.91
Present value of next 10 years cash flows $2,144.00
DB:4BW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $346.83 × (1 + 0.23%) ÷ (6.1% – 0.23%)
$5,923.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,923.53 ÷ (1 + 6.1%)10
$3,277.71
DB:4BW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,144.00 + $3,277.71
$5,421.71
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,421.71 / 95.19
$56.96
DB:4BW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:4BW represents 0.90469x of NYSE:BWXT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90469x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 56.96 x 0.90469
€51.53
Value per share (EUR) From above. €51.53
Current discount Discount to share price of €50.50
= -1 x (€50.50 - €51.53) / €51.53
2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price BWX Technologies is available for.
Intrinsic value
2%
Share price is €50.5 vs Future cash flow value of €51.53
Current Discount Checks
For BWX Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BWX Technologies's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • BWX Technologies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BWX Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BWX Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4BW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $2.14
NYSE:BWXT Share Price ** NYSE (2019-10-11) in USD $55.82
Europe Aerospace & Defense Industry PE Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 21.4x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BWX Technologies.

DB:4BW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BWXT Share Price ÷ EPS (both in USD)

= 55.82 ÷ 2.14

26.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BWX Technologies is overvalued based on earnings compared to the Europe Aerospace & Defense industry average.
  • BWX Technologies is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does BWX Technologies's expected growth come at a high price?
Raw Data
DB:4BW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
10.3%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 26 Publicly-Listed Aerospace & Defense Companies 1.59x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:4BW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.04x ÷ 10.3%

2.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BWX Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on BWX Technologies's assets?
Raw Data
DB:4BW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $3.09
NYSE:BWXT Share Price * NYSE (2019-10-11) in USD $55.82
Europe Aerospace & Defense Industry PB Ratio Median Figure of 49 Publicly-Listed Aerospace & Defense Companies 1.96x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:4BW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BWXT Share Price ÷ Book Value per Share (both in USD)

= 55.82 ÷ 3.09

18.06x

* Primary Listing of BWX Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BWX Technologies is overvalued based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess BWX Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. BWX Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

4BW Future Performance

 How is BWX Technologies expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BWX Technologies expected to grow at an attractive rate?
  • BWX Technologies's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • BWX Technologies's earnings growth is positive but not above the Germany market average.
  • BWX Technologies's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:4BW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:4BW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 10.3%
DB:4BW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 6.1%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:4BW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:4BW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,388 444 344 2
2022-12-31 2,267 423 333 2
2021-12-31 2,143 368 294 2
2020-12-31 2,022 334 264 7
2019-12-31 1,892 276 240 7
2019-10-13
DB:4BW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,791 199 208
2019-03-31 1,759 170 209
2018-12-31 1,800 169 227
2018-09-30 1,752 69 189
2018-06-30 1,746 175 158
2018-03-31 1,717 258 159
2017-12-31 1,688 222 148
2017-09-30 1,661 292 198
2017-06-30 1,622 231 192
2017-03-31 1,614 198 189
2016-12-31 1,551 240 183
2016-09-30 1,511 189 149

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BWX Technologies's earnings are expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
  • BWX Technologies's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:4BW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from BWX Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4BW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 3.54 3.54 3.54 1.00
2022-12-31 3.44 3.44 3.44 1.00
2021-12-31 3.04 3.04 3.04 1.00
2020-12-31 2.76 2.80 2.70 5.00
2019-12-31 2.51 2.54 2.50 4.00
2019-10-13
DB:4BW Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 2.14
2019-03-31 2.14
2018-12-31 2.29
2018-09-30 1.90
2018-06-30 1.59
2018-03-31 1.60
2017-12-31 1.49
2017-09-30 1.99
2017-06-30 1.92
2017-03-31 1.87
2016-12-31 1.79
2016-09-30 1.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BWX Technologies is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess BWX Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BWX Technologies has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

4BW Past Performance

  How has BWX Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BWX Technologies's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BWX Technologies's year on year earnings growth rate has been positive over the past 5 years.
  • BWX Technologies's 1-year earnings growth exceeds its 5-year average (31.5% vs 8.6%)
  • BWX Technologies's earnings growth has exceeded the Europe Aerospace & Defense industry average in the past year (31.5% vs 16.4%).
Earnings and Revenue History
BWX Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BWX Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4BW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,791.19 207.71 222.42 18.02
2019-03-31 1,758.88 209.50 216.33 16.79
2018-12-31 1,799.89 226.96 214.78 15.22
2018-09-30 1,752.03 189.33 162.48 13.60
2018-06-30 1,745.88 157.97 181.59 12.23
2018-03-31 1,716.97 158.57 187.31 9.28
2017-12-31 1,687.74 147.84 193.51 7.19
2017-09-30 1,661.46 197.53 200.14 6.63
2017-06-30 1,621.61 192.04 218.77 5.78
2017-03-31 1,613.98 189.15 222.37 6.20
2016-12-31 1,550.57 183.06 204.52 6.41
2016-09-30 1,510.65 149.44 201.50 6.58
2016-06-30 1,490.12 214.72 199.82 6.35
2016-03-31 1,444.87 156.12 202.54 8.44
2015-12-31 1,415.53 140.67 207.76 10.54
2015-09-30 1,446.95 76.93 224.49 13.25
2015-06-30 1,425.33 11.15 232.22 15.61
2015-03-31 1,430.68 33.52 230.83 38.59
2014-12-31 1,450.61 38.38 230.38 54.75
2014-09-30 1,858.07 267.32 224.90 76.75
2014-06-30 2,295.55 287.20 272.18 96.66
2014-03-31 2,819.20 337.94 325.75 70.87
2013-12-31 1,546.66 198.20 197.72 58.18
2013-09-30 3,331.69 219.56 427.78 82.45
2013-06-30 3,364.44 210.56 428.54 86.56
2013-03-31 3,330.89 214.92 427.73 119.87
2012-12-31 3,291.36 227.70 428.29 120.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst BWX Technologies made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • BWX Technologies used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • BWX Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BWX Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BWX Technologies has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

4BW Health

 How is BWX Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BWX Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BWX Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BWX Technologies's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of BWX Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BWX Technologies Company Filings, last reported 3 months ago.

DB:4BW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 294.15 870.38 38.06
2019-03-31 242.87 870.39 26.58
2018-12-31 235.70 767.84 33.47
2018-09-30 392.50 771.24 68.86
2018-06-30 388.32 680.76 319.45
2018-03-31 345.25 499.06 144.37
2017-12-31 285.76 508.93 206.34
2017-09-30 308.24 517.08 206.37
2017-06-30 264.30 516.93 152.38
2017-03-31 206.22 570.46 108.34
2016-12-31 150.41 525.09 140.16
2016-09-30 118.64 443.84 59.93
2016-06-30 292.45 286.51 112.68
2016-03-31 267.89 289.88 71.85
2015-12-31 279.64 293.26 158.21
2015-09-30 331.48 300.00 138.17
2015-06-30 256.53 330.00 51.42
2015-03-31 1,046.92 299.47 284.86
2014-12-31 1,014.20 300.00 128.46
2014-09-30 1,139.97 307.67 215.97
2014-06-30 1,137.00 267.50 220.17
2014-03-31 1,197.14 20.08 214.40
2013-12-31 1,182.94 4.90 356.86
2013-09-30 1,040.55 5.07 265.67
2013-06-30 987.35 5.08 311.32
2013-03-31 985.65 4.43 354.50
2012-12-31 1,002.92 4.49 472.32
  • BWX Technologies's level of debt (295.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (23.6% vs 295.9% today).
  • Debt is well covered by operating cash flow (22.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).
X
Financial health checks
We assess BWX Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BWX Technologies has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

4BW Dividends

 What is BWX Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.22%
Current annual income from BWX Technologies dividends. Estimated to be 1.42% next year.
If you bought €2,000 of BWX Technologies shares you are expected to receive €24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BWX Technologies's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • BWX Technologies's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:4BW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:4BW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.00 2.00
2022-12-31 0.90 2.00
2021-12-31 0.80 2.00
2020-12-31 0.74 4.00
2019-12-31 0.68 4.00
2019-10-13
DB:4BW Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-01 0.680 1.280
2019-02-25 0.680 1.345
2018-11-06 0.640 1.465
2018-05-04 0.640 1.011
2018-02-27 0.640 0.974
2017-11-06 0.440 0.712
2017-08-07 0.440 0.782
2017-05-01 0.440 0.891
2017-02-27 0.360 0.756
2016-02-24 1.280 3.461
2015-08-05 0.240 0.849
2015-02-20 0.400 1.324
2014-08-06 0.400 1.384
2014-05-12 0.400 1.235
2014-02-18 0.400 1.184
2013-11-12 0.400 1.200
2013-05-07 0.320 1.026
2013-02-08 0.320 1.179
2012-11-07 0.320 1.258

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BWX Technologies has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but BWX Technologies only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of BWX Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess BWX Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BWX Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BWX Technologies has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

4BW Management

 What is the CEO of BWX Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rex Geveden
COMPENSATION $4,723,426
AGE 57
TENURE AS CEO 2.8 years
CEO Bio

Mr. Rex D. Geveden has been the Chief Executive Officer and President at BWX Technologies, Inc. since January 1, 2017 and served as its Chief Operating Officer from October 26, 2015 to December 2016. Mr. Geveden has been a Director of TTM Technologies, Inc. since May 9, 2018. He served as the President of Teledyne DALSA Inc. until October 6, 2015. Mr. Geveden served as an Executive Vice President of Engineered Systems & Digital Imaging Segments at Teledyne Technologies Inc. from July 1, 2013 to October 6, 2015. Mr. Geveden served as the President of Engineered Systems Segment at Teledyne Technologies Inc. from August 1, 2007 to July 1, 2013 and served as its President of Teledyne Brown Engineering from August 1, 2007 to July 1, 2013. Mr. Geveden served as the President of Teledyne Scientific & Imaging LLC since January 16, 2012 and served as its Chief Executive Officer since January 16, 2012. He served as the President of Energy & Power Systems Segments at Teledyne Technologies Inc. since August 1, 2007. Mr. Geveden served as Associate Administrator of National Aeronautics and Space Administration (NASA), where he also served as the Chief Operating Officer. He served as Deputy Director of Marshall Space Flight Center, Huntsville, Alabama at NASA since July 2003. Before that, Mr. Geveden served as NASA Chief Engineer. Mr. Geveden also served as Project Manager for several other successful efforts, including the Optical Transient Detector and Lightning Imaging Sensor Earth- orbiting satellites. As Manager of the Microgravity Science and Applications Department at Marshall, Mr. Geveden led a team of 350 scientists to develop safer and more cost- effective materials for future missions and investigations into the reaction of chemicals in a microgravity environment. He joined NASA in 1990. He has been a Director at BWX Technologies, Inc. since January 1, 2017. He has received numerous awards, including the NASA Outstanding Leadership Medal, awarded annually for notably outstanding leadership having a pronounced effect on NASA technical or administrative programs and the Silver Snoopy Award presented for outstanding performance contributing to flight safety and mission success. Mr. Geveden received the Holgor Tofty Award for outstanding technical leadership from the American Institute of Aeronautics and Astronautics. He is a graduate of Murray State University in Murray, Ky., and earned his Bachelor's degree in Physics in 1983 and his Master's degree in Physics in 1984. Mr. Geveden is also a graduate of the Program Management School at the Defense Systems Management College in Fort Belvoir, VA. He also holds a certificate of financial management from the Kellogg School of Management at Northwestern University.

CEO Compensation
  • Rex's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rex's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the BWX Technologies management team in years:

2.7
Average Tenure
57
Average Age
  • The tenure for the BWX Technologies management team is about average.
Management Team

Rex Geveden

TITLE
President
COMPENSATION
$5M
AGE
57
TENURE
2.8 yrs

David Black

TITLE
Senior VP
COMPENSATION
$2M
AGE
57
TENURE
4.3 yrs

Tom McCabe

TITLE
Senior VP
COMPENSATION
$1M
AGE
64
TENURE
1.3 yrs

Rick Loving

TITLE
Senior Vice President of Human Resources
COMPENSATION
$1M
AGE
63
TENURE
3.3 yrs

Joel Duling

TITLE
President of Nuclear Operations Group
COMPENSATION
$1M
AGE
56
TENURE
1.3 yrs

Jason Kerr

TITLE
VP & Chief Accounting Officer
AGE
42
TENURE
4.3 yrs

William Russell

TITLE
Senior VP & CTO
TENURE
2.8 yrs

Mark Kratz

TITLE
Director of Investor Relations
TENURE
0.8 yrs

Ken Camplin

TITLE
President of Nuclear Services Group
TENURE
1.9 yrs

John MacQuarrie

TITLE
President of Nuclear Power Group
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the BWX Technologies board of directors in years:

3.1
Average Tenure
60.5
Average Age
  • The tenure for the BWX Technologies board of directors is about average.
Board of Directors

John Fees

TITLE
Non- Executive Chairman
COMPENSATION
$273K
AGE
61
TENURE
9.3 yrs

Rex Geveden

TITLE
President
COMPENSATION
$5M
AGE
57
TENURE
2.8 yrs

Jan Bertsch

TITLE
Independent Director
COMPENSATION
$242K
AGE
62
TENURE
6.3 yrs

James Jaska

TITLE
Independent Director
COMPENSATION
$235K
AGE
67
TENURE
3.1 yrs

Barbara Niland

TITLE
Independent Director
COMPENSATION
$231K
AGE
60
TENURE
3.1 yrs

Charlie Pryor

TITLE
Lead Independent Director
COMPENSATION
$243K
AGE
74

Bob Nardelli

TITLE
Independent Director
COMPENSATION
$214K
AGE
71
TENURE
5.6 yrs

Robb LeMasters

TITLE
Independent Director
COMPENSATION
$219K
AGE
41
TENURE
4.3 yrs

ken Krieg

TITLE
Independent Director
COMPENSATION
$218K
AGE
58
TENURE
3.1 yrs

Gary Burbach

TITLE
Independent Director
COMPENSATION
$135K
AGE
57
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • BWX Technologies individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Aug 19 Sell John Fees Individual 08. Aug 19 08. Aug 19 -60,000 €50.97 €-3,058,325
22. May 19 Sell David Black Individual 21. May 19 21. May 19 -2,000 €42.96 €-85,927
11. Mar 19 Sell Jason Kerr Individual 07. Mar 19 07. Mar 19 -6,000 €43.61 €-261,681
20. Nov 18 Buy Rex Geveden Individual 20. Nov 18 20. Nov 18 2,500 €36.41 €91,019
X
Management checks
We assess BWX Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BWX Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

4BW News

Simply Wall St News

4BW Company Info

Description

BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications. It also provides missile launch tubes for the United States Navy submarines; converts high-enriched uranium into low-enriched fuel for use in commercial reactors to generate electricity; and receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials. Its Nuclear Services Group segment provides nuclear materials processing, environmental site restoration, and management and operating services for the United States government-owned facilities; develops technology for advanced nuclear power sources application and customized tooling solutions; designs, engineers, licenses, and manufactures reactors; and inspects and services steam generators, heat exchangers, and balance of plants; and provides high pressure water lancing and non-destructive examination services, and nuclear fuel. Its Nuclear Power Group segment offers commercial nuclear steam generators, heat exchangers, pressure vessels, reactor components, and containers; nuclear fuel, fuel handling systems, tooling delivery systems, and related services, as well as engineering and in-plant services for nuclear power plants; and medical radioisotopes and radiopharmaceuticals. It also designs, manufactures, commissions, and services nuclear power generation equipment. The company was formerly known as The Babcock & Wilcox Company and changed its name to BWX Technologies, Inc. in June 2015. The company was founded in 1867 and is headquartered in Lynchburg, Virginia.

Details
Name: BWX Technologies, Inc.
4BW
Exchange: DB
Founded: 1867
$4,808,594,940
95,187,470
Website: http://www.bwxt.com
Address: BWX Technologies, Inc.
800 Main Street,
4th Floor,
Lynchburg,
Virginia, 24504,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BWXT Common Stock New York Stock Exchange US USD 12. Jul 2010
DB 4BW Common Stock Deutsche Boerse AG DE EUR 12. Jul 2010
Number of employees
Current staff
Staff numbers
6,250
BWX Technologies employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:39
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/08
Last earnings filing: 2019/08/05
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.