Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Columbus McKinnon

DB:VC3
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VC3
DB
$600M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, rigging tools, digital power control systems, motion control products, and other technologies and systems for commercial and industrial applications worldwide. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • Columbus McKinnon has significant price volatility in the past 3 months.
VC3 Share Price and Events
7 Day Returns
6.5%
DB:VC3
2.3%
DE Machinery
7.1%
DE Market
1 Year Returns
-25%
DB:VC3
-29.7%
DE Machinery
-17.5%
DE Market
VC3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Columbus McKinnon (VC3) 6.5% -18.4% -35% -25% -0.6% -6.6%
DE Machinery 2.3% -20.1% -30% -29.7% -46.1% -37.3%
DE Market 7.1% -20% -26.1% -17.5% -25.8% -29.2%
1 Year Return vs Industry and Market
  • VC3 outperformed the Machinery industry which returned -29.7% over the past year.
  • VC3 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
VC3
Industry
5yr Volatility vs Market

Value

 Is Columbus McKinnon 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 Columbus McKinnon 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 Columbus McKinnon.

DB:VC3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:VC3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.961 (1 + (1- 21%) (50.49%))
1.231
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.231 * 5.44%)
6.3%

Discounted Cash Flow Calculation for DB:VC3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Columbus McKinnon 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:VC3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.3%)
2020 78.52 Analyst x2 73.86
2021 97.14 Analyst x3 85.96
2022 104.42 Est @ 7.5% 86.92
2023 109.78 Est @ 5.13% 85.96
2024 113.59 Est @ 3.47% 83.67
2025 116.22 Est @ 2.32% 80.53
2026 117.97 Est @ 1.5% 76.90
2027 119.07 Est @ 0.94% 73.01
2028 119.72 Est @ 0.54% 69.05
2029 120.03 Est @ 0.26% 65.13
Present value of next 10 years cash flows $781.00
DB:VC3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $120.03 × (1 + -0.39%) ÷ (6.3% – -0.39%)
$1,785.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,785.90 ÷ (1 + 6.3%)10
$969.04
DB:VC3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $781.00 + $969.04
$1,750.04
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,750.04 / 23.70
$73.84
DB:VC3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:VC3 represents 0.90802x of NasdaqGS:CMCO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90802x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 73.84 x 0.90802
€67.05
Value per share (EUR) From above. €67.05
Current discount Discount to share price of €23.00
= -1 x (€23.00 - €67.05) / €67.05
65.7%

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

Current Discount
Amount off the current price Columbus McKinnon is available for.
Intrinsic value
>50%
Share price is €23 vs Future cash flow value of €67.05
Current Discount Checks
For Columbus McKinnon to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Columbus McKinnon's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Columbus McKinnon's share price is below the future cash flow value, and 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 Columbus McKinnon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Columbus McKinnon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VC3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.98
NasdaqGS:CMCO Share Price ** NasdaqGS (2020-03-27) in USD $25.33
Germany Machinery Industry PE Ratio Median Figure of 33 Publicly-Listed Machinery Companies 10.22x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Columbus McKinnon.

DB:VC3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CMCO Share Price ÷ EPS (both in USD)

= 25.33 ÷ 2.98

8.49x

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

  • Columbus McKinnon is good value based on earnings compared to the DE Machinery industry average.
  • Columbus McKinnon is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Columbus McKinnon's expected growth come at a high price?
Raw Data
DB:VC3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
12.2%per year
Germany Machinery Industry PEG Ratio Median Figure of 26 Publicly-Listed Machinery Companies 0.81x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:VC3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.49x ÷ 12.2%

0.69x

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

  • Columbus McKinnon is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Columbus McKinnon's assets?
Raw Data
DB:VC3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $20.44
NasdaqGS:CMCO Share Price * NasdaqGS (2020-03-27) in USD $25.33
Germany Machinery Industry PB Ratio Median Figure of 46 Publicly-Listed Machinery Companies 1.03x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.43x
DB:VC3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CMCO Share Price ÷ Book Value per Share (both in USD)

= 25.33 ÷ 20.44

1.24x

* Primary Listing of Columbus McKinnon.

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

  • Columbus McKinnon is overvalued based on assets compared to the DE Machinery industry average.
X
Value checks
We assess Columbus McKinnon'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Columbus McKinnon has a total score of 5/6, 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.

Future Performance

 How is Columbus McKinnon expected to perform in the next 1 to 3 years based on estimates from 6 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
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Columbus McKinnon expected to grow at an attractive rate?
  • Columbus McKinnon's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Columbus McKinnon's earnings growth is positive but not above the Germany market average.
  • Columbus McKinnon's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:VC3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:VC3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 12.2%
DB:VC3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0.2%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:VC3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:VC3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 824 118 75 6
2020-03-31 818 90 65 6
2020-03-29
DB:VC3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 836 96 70
2019-09-30 854 90 54
2019-06-30 864 69 53
2019-03-31 876 79 43
2018-12-31 874 72 31
2018-09-30 865 62 22
2018-06-30 861 63 18
2018-03-31 839 70 22
2017-12-31 809 63 9
2017-09-30 753 70 20
2017-06-30 692 68 14
2017-03-31 637 60 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Columbus McKinnon's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Columbus McKinnon's revenue is expected to grow by 0.2% 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:VC3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Columbus McKinnon Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VC3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 3.11 3.24 2.95 5.00
2020-03-31 2.71 2.75 2.66 5.00
2020-03-29
DB:VC3 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.98
2019-09-30 2.31
2019-06-30 2.29
2019-03-31 1.83
2018-12-31 1.35
2018-09-30 0.93
2018-06-30 0.79
2018-03-31 0.97
2017-12-31 0.39
2017-09-30 0.91
2017-06-30 0.67
2017-03-31 0.44

*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.
  • Unable to establish if Columbus McKinnon will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Columbus McKinnon'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Columbus McKinnon has a total score of 1/6, 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.

Past Performance

  How has Columbus McKinnon 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 Columbus McKinnon's growth in the last year to its industry (Machinery).
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.
  • Columbus McKinnon has delivered over 20% year on year earnings growth in the past 5 years.
  • Columbus McKinnon's 1-year earnings growth exceeds its 5-year average (124.2% vs 20.3%)
  • Columbus McKinnon's earnings growth has exceeded the DE Machinery industry average in the past year (124.2% vs -19.9%).
Earnings and Revenue History
Columbus McKinnon'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 Columbus McKinnon Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VC3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 836.41 70.17 167.51 11.77
2019-09-30 854.47 54.14 174.46 12.42
2019-06-30 864.00 53.45 177.35 12.54
2019-03-31 876.28 42.58 180.90 13.49
2018-12-31 873.69 31.30 178.84 13.82
2018-09-30 865.00 21.52 181.16 13.84
2018-06-30 860.69 18.12 178.25 14.44
2018-03-31 839.42 22.07 175.23 13.62
2017-12-31 808.97 8.86 172.02 12.89
2017-09-30 752.74 19.93 155.98 12.15
2017-06-30 691.84 14.24 147.23 10.91
2017-03-31 637.12 8.98 138.23 10.48
2016-12-31 608.52 19.61 131.24 7.53
2016-09-30 615.76 26.33 134.72 4.98
2016-06-30 609.88 19.07 133.66 2.50
2016-03-31 597.10 19.58 125.37 7.39
2015-12-31 590.94 15.69 130.82
2015-09-30 572.00 16.32 125.78
2015-06-30 572.95 27.37 124.42
2015-03-31 579.64 27.19 124.69
2014-12-31 591.19 34.81 124.82
2014-09-30 595.47 33.61 124.43
2014-06-30 587.33 30.13 125.43
2014-03-31 583.29 30.42 123.06
2013-12-31 567.37 72.84 120.13
2013-09-30 575.52 75.75 119.39
2013-06-30 583.14 76.88 116.93
2013-03-31 597.26 78.30 117.88

*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.
  • Columbus McKinnon has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Columbus McKinnon used its assets more efficiently than the DE Machinery industry average last year based on Return on Assets.
  • Columbus McKinnon has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Columbus McKinnon'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 Machinery 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.
Columbus McKinnon has a total score of 5/6, 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.

Health

 How is Columbus McKinnon'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 Columbus McKinnon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Columbus McKinnon is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Columbus McKinnon's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Columbus McKinnon'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 covered by short term assets, assets are 1.4x 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 Columbus McKinnon Company Filings, last reported 2 months ago.

DB:VC3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 484.37 265.16 84.01
2019-09-30 463.82 281.29 71.98
2019-06-30 452.29 308.87 55.72
2019-03-31 431.16 315.73 71.84
2018-12-31 420.43 337.15 59.25
2018-09-30 424.29 366.85 58.93
2018-06-30 409.57 382.17 58.06
2018-03-31 408.23 401.43 63.68
2017-12-31 383.96 410.54 64.60
2017-09-30 386.80 421.24 69.46
2017-06-30 363.98 429.18 64.61
2017-03-31 341.35 428.23 77.59
2016-12-31 292.32 233.46 51.54
2016-09-30 298.59 240.45 45.71
2016-06-30 290.11 251.95 43.16
2016-03-31 286.31 266.04 51.60
2015-12-31 281.50 280.30 51.88
2015-09-30 277.27 298.73 48.73
2015-06-30 280.14 122.31 58.06
2015-03-31 268.72 124.44 63.06
2014-12-31 305.12 155.14 102.49
2014-09-30 302.70 148.82 114.48
2014-06-30 299.88 148.75 114.09
2014-03-31 291.29 148.69 112.31
2013-12-31 268.10 151.82 123.87
2013-09-30 258.57 152.00 111.82
2013-06-30 247.17 151.90 110.40
2013-03-31 239.99 148.41 121.66
  • Columbus McKinnon's level of debt (54.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (50.8% vs 54.7% today).
  • Debt is well covered by operating cash flow (36.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).
X
Financial health checks
We assess Columbus McKinnon'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. Columbus McKinnon 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.

Dividends

 What is Columbus McKinnon'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
0.95%
Current annual income from Columbus McKinnon dividends.
If you bought €2,000 of Columbus McKinnon shares you are expected to receive €19 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?
  • Columbus McKinnon's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.71%).
  • Columbus McKinnon's dividend is below the markets top 25% of dividend payers in Germany (4.98%).
Upcoming dividend payment

Purchase Columbus McKinnon before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:VC3 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 6 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 321 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:VC3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2020-03-29
DB:VC3 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-24 0.240 0.947
2020-01-21 0.240 0.760
2019-10-22 0.240 0.608
2019-07-23 0.240 0.674
2019-03-26 0.240 0.627
2019-01-22 0.200 0.561
2018-10-22 0.200 0.613
2018-07-23 0.200 0.499
2018-03-26 0.200 0.513
2018-01-29 0.160 0.437
2017-10-23 0.160 0.405
2017-07-24 0.160 0.484
2017-03-27 0.160 0.624
2017-01-23 0.160 0.611
2016-10-24 0.160 0.662
2016-07-18 0.160 0.931
2016-03-31 0.160 1.041
2016-01-25 0.160 1.112
2015-10-26 0.160 0.874
2015-07-27 0.160 0.816
2015-03-31 0.160 0.653
2015-01-26 0.160 0.622
2014-10-20 0.160 0.596
2014-07-28 0.160 0.679
2014-03-24 0.160 0.588

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

  • Columbus McKinnon is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Columbus McKinnon is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Columbus McKinnon's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Columbus McKinnon's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Columbus McKinnon's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Columbus McKinnon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Columbus McKinnon has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Columbus McKinnon'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
Rick Fleming
COMPENSATION $236,525
AGE 72
TENURE AS CEO 0.2 years
CEO Bio

Mr. Richard H. Fleming, also known as Rick, serves as Interim Chief executive Officer at Columbus McKinnon Corporation since January 10, 2020. He has been an Independent Director of Columbus McKinnon Corp., since March 1999 and its Chairman of the Board for July 24, 2018. He serves as a Industry Advisory Group Member at Madison Dearborn Partners, LLC. Mr. Fleming has been a Director at Boise Cascade Holdings LLC since October 2004 and Independent Director of Boise Cascade Company since February 2013. Mr. Fleming served as an Executive Vice President at USG Corporation from February 1999 to May 15, 2012 and served as its Executive Vice President of Finance. Prior thereto, Mr. Fleming served at USG Corporation in various executive financial capacities, including Senior Vice President from January 1995 to February 1999, Chief Financial Officer from January 1994 to May 15, 2012 and as Vice President from January 1994 to January 1995. Prior to joining USG, he was employed by Masonite Corporation, which was acquired by USG in 1984. He has senior leadership and public company board and governance experience in global manufacturing companies and has high level of expertise and background in finance and accounting matters and strategic planning. During his 39-year career with Masonite and USG, Mr. Fleming held various operating and finance positions. He is a member of the boards of directors at Optim Energy LLC and in3media Inc. He is also an advisory board member of AlphaZeta Interactive. He serves as a Member of the Board of Directors for several not-for-profit entities including UCAN, the University of the Pacific, the Child Welfare League of America and Chicago United. He served as a Director of Crane Equipment & Service Inc., a subsidiary of Columbus McKinnon Corp. Mr. Fleming received a B.S. in economics from the University of the Pacific in Stockton, California and an MBA degree with finance specialization from the Tuck School of Business at Dartmouth College.

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

Average tenure and age of the Columbus McKinnon management team in years:

3.2
Average Tenure
59
Average Age
  • The tenure for the Columbus McKinnon management team is about average.
Management Team

Rick Fleming

TITLE
Independent Chairman of the Board & Interim CEO
COMPENSATION
$237K
AGE
72
TENURE
0.2 yrs

Greg Rustowicz

TITLE
VP of Finance
COMPENSATION
$1M
AGE
59
TENURE
8.6 yrs

Alan Korman

TITLE
VP of Corporate Development
COMPENSATION
$1M
AGE
58
TENURE
9.2 yrs

Peter McCormick

TITLE
Vice President of Crane Solutions
COMPENSATION
$1M
AGE
59
TENURE
3.2 yrs

Lynn Bostrom

TITLE
Director of Global Marketing

Appal Chintapalli

TITLE
Vice President of Engineered Products
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Columbus McKinnon board of directors in years:

3.6
Average Tenure
63
Average Age
  • The tenure for the Columbus McKinnon board of directors is about average.
Board of Directors

Ernie Verebelyi

TITLE
Chairman Emeritus
COMPENSATION
$177K
AGE
71
TENURE
1.7 yrs

Rick Fleming

TITLE
Independent Chairman of the Board & Interim CEO
COMPENSATION
$237K
AGE
72
TENURE
1.7 yrs

Liam McCarthy

TITLE
Independent Director
COMPENSATION
$192K
AGE
63
TENURE
11.3 yrs

R. Trumbull

TITLE
Independent Director
COMPENSATION
$197K
AGE
70
TENURE
6.2 yrs

Heath Mitts

TITLE
Independent Director
COMPENSATION
$197K
AGE
48
TENURE
4.8 yrs

Nicholas Pinchuk

TITLE
Independent Director
COMPENSATION
$177K
AGE
72
TENURE
13.2 yrs

Kathy Roedel

TITLE
Independent Director
COMPENSATION
$177K
AGE
58
TENURE
2.4 yrs

Aziz Aghili

TITLE
Independent Director
COMPENSATION
$177K
AGE
60
TENURE
1.8 yrs

Jeanne Beliveau-Dunn

TITLE
Independent Director
AGE
59
Who owns this company?
Recent Insider Trading
  • Columbus McKinnon 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 (€)
06. Feb 20 Sell Alan Korman Individual 05. Feb 20 05. Feb 20 -1,700 €34.42 €-58,512
09. Dec 19 Sell Peter McCormick Individual 06. Dec 19 06. Dec 19 -4,361 €37.68 €-164,301
22. Nov 19 Sell Kurt Wozniak Individual 21. Nov 19 21. Nov 19 -6,989 €35.82 €-250,337
13. Jun 19 Sell Peter McCormick Individual 11. Jun 19 11. Jun 19 -20,609 €34.36 €-708,089
11. Jun 19 Sell Peter McCormick Individual 07. Jun 19 07. Jun 19 -9,700 €34.18 €-331,114
31. May 19 Sell Peter McCormick Individual 30. May 19 30. May 19 -5,990 €33.01 €-197,037
X
Management checks
We assess Columbus McKinnon'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. Columbus McKinnon 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.

News

Simply Wall St News

Company Info

Description

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, rigging tools, digital power control systems, motion control products, and other technologies and systems for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys. The company also provides alloy and carbon steel chains; alloy chains under the Herc-Alloy brand; load chains and carbon steel welded-link chains; alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, Hammerloks, and master links; and carbon steel forged and stamped products, such as load binders, logging tools, and other securing devices. In addition, it offers power and motion control systems, which comprise AC and DC drive systems, radio remote controls, push button pendant stations, brakes, collision avoidance, and power delivery subsystems, as well as AC and DC digital motion control systems for underground coal mining equipment; industrial components, including mechanical and electromechanical actuators and rotary unions; and DC high-performance elevator drives, AC drives, and regenerative controls. Further, the company offers automated workstation crane under the ProPath brand. The company sells its products through its sales force and independent distributors. Columbus McKinnon Corporation was founded in 1875 and is headquartered in Getzville, New York.

Details
Name: Columbus McKinnon Corporation
VC3
Exchange: DB
Founded: 1875
$541,428,687
23,699,964
Website: http://www.cmworks.com
Address: Columbus McKinnon Corporation
205 Crosspoint Parkway,
Getzville,
New York, 14068,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CMCO Common Stock Nasdaq Global Select US USD 23. Feb 1996
DB VC3 Common Stock Deutsche Boerse AG DE EUR 23. Feb 1996
Number of employees
Current staff
Staff numbers
3,128
Columbus McKinnon employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 23:14
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/19
Last earnings filing: 2020/02/04
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


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.