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.

BWX Technologies

NYSE:BWXT
Snowflake Description

Acceptable track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BWXT
NYSE
$5B
Market Cap
  1. Home
  2. US
  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 40 days ago. More info.


Add to Portfolio Compare Print
  • BWX Technologies has significant price volatility in the past 3 months.
BWXT Share Price and Events
7 Day Returns
7.2%
NYSE:BWXT
-14.4%
US Aerospace & Defense
-2%
US Market
1 Year Returns
-0.6%
NYSE:BWXT
-23.1%
US Aerospace & Defense
-15.1%
US Market
BWXT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BWX Technologies (BWXT) 7.2% -4.3% -22.7% -0.6% 5.2% 59.8%
US Aerospace & Defense -14.4% -31.2% -37.5% -23.1% -11.4% 10.4%
US Market -2% -19.7% -23.2% -15.1% 3.7% 14.4%
1 Year Return vs Industry and Market
  • BWXT outperformed the Aerospace & Defense industry which returned -23.1% over the past year.
  • BWXT outperformed the Market in United States of America which returned -15.1% over the past year.
Price Volatility
BWXT
Industry
5yr Volatility vs Market

BWXT 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.

NYSE:BWXT 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 7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NYSE:BWXT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.84 (1 + (1- 21%) (17.27%))
0.969
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.969 * 5.44%)
7.01%

Discounted Cash Flow Calculation for NYSE:BWXT 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.

NYSE:BWXT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.01%)
2020 65.82 Analyst x5 61.50
2021 206.85 Analyst x5 180.63
2022 296.47 Analyst x3 241.92
2023 332.35 Analyst x2 253.43
2024 358.53 Est @ 7.88% 255.48
2025 380.17 Est @ 6.04% 253.14
2026 398.21 Est @ 4.75% 247.78
2027 413.52 Est @ 3.84% 240.45
2028 426.81 Est @ 3.21% 231.91
2029 438.64 Est @ 2.77% 222.72
Present value of next 10 years cash flows $2,188.00
NYSE:BWXT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $438.64 × (1 + 1.74%) ÷ (7.01% – 1.74%)
$8,464.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,464.23 ÷ (1 + 7.01%)10
$4,297.80
NYSE:BWXT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,188.00 + $4,297.80
$6,485.80
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,485.80 / 95.23
$68.11
NYSE:BWXT Discount to Share Price
Calculation Result
Value per share (USD) From above. $68.11
Current discount Discount to share price of $50.58
= -1 x ($50.58 - $68.11) / $68.11
25.7%

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
26%
Share price is $50.58 vs Future cash flow value of $68.11
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, and 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
NYSE:BWXT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.56
NYSE:BWXT Share Price ** NYSE (2020-04-03) in USD $50.58
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 39 Publicly-Listed Aerospace & Defense Companies 12.78x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.4x

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

** Primary Listing of BWX Technologies.

NYSE:BWXT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 50.58 ÷ 2.56

19.76x

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 US Aerospace & Defense industry average.
  • BWX Technologies is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does BWX Technologies's expected growth come at a high price?
Raw Data
NYSE:BWXT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
8.7%per year
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 31 Publicly-Listed Aerospace & Defense Companies 1.65x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*Line of best fit is calculated by linear regression .

NYSE:BWXT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.76x ÷ 8.7%

2.28x

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
NYSE:BWXT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $4.24
NYSE:BWXT Share Price * NYSE (2020-04-03) in USD $50.58
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 53 Publicly-Listed Aerospace & Defense Companies 1.7x
United States of America Market PB Ratio Median Figure of 5,144 Publicly-Listed Companies 1.2x
NYSE:BWXT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 50.58 ÷ 4.24

11.93x

* 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 US 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 1/6, 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.

BWXT Future Performance

 How is BWX Technologies 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
8.7%
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 1.7%.
Growth vs Market Checks
  • BWX Technologies's earnings growth is positive but not above the United States of America market average.
  • BWX Technologies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:BWXT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:BWXT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 8.7%
NYSE:BWXT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5.7%
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 10.7%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NYSE:BWXT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
NYSE:BWXT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,387 469 346 2
2022-12-31 2,267 431 322 3
2021-12-31 2,165 372 294 6
2020-12-31 2,043 322 269 6
2020-04-04
NYSE:BWXT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,895 279 244
2019-09-30 1,872 269 205
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BWX Technologies's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
  • BWX Technologies's revenue is expected to grow by 5.7% 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
NYSE:BWXT 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 6 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.

NYSE:BWXT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 3.55 3.55 3.55 1.00
2022-12-31 3.37 3.45 3.29 2.00
2021-12-31 3.06 3.10 3.02 5.00
2020-12-31 2.80 2.80 2.79 5.00
2020-04-04
NYSE:BWXT Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.56
2019-09-30 2.13
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

*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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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 2/6, 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.

BWXT 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 has delivered over 20% year on year earnings growth in the past 5 years.
  • BWX Technologies's 1-year earnings growth is less than its 5-year average (7.6% vs 21.4%)
  • BWX Technologies's earnings growth has exceeded the US Aerospace & Defense industry average in the past year (7.6% vs 3%).
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.

NYSE:BWXT 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 1,894.92 244.12 199.23 17.67
2019-09-30 1,871.68 204.60 258.18 19.18
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

*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 US 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 3/6, 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.

BWXT 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 0.8x 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.

NYSE:BWXT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 404.11 824.15 92.38
2019-09-30 354.53 864.12 17.26
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
  • BWX Technologies's level of debt (203.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29.6% vs 203.9% today).
  • Debt is well covered by operating cash flow (33.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.2x 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.

BWXT 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
1.5%
Current annual income from BWX Technologies dividends. Estimated to be 1.7% next year.
If you bought $2,000 of BWX Technologies shares you are expected to receive $30 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 United States of America (2.05%).
  • BWX Technologies's dividend is below the markets top 25% of dividend payers in United States of America (5.71%).
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
NYSE:BWXT 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
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1938 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

NYSE:BWXT 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 0.84 3.00
2020-12-31 0.76 3.00
2020-04-04
NYSE:BWXT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-24 0.760 1.522
2019-11-04 0.680 1.071
2019-05-01 0.680 1.269
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 (3.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x 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 1.1%) - 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 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.

BWXT 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 $5,041,508
AGE 57
TENURE AS CEO 3.3 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 lower than average for companies of similar size in United States of America.
Management Team Tenure

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

3.2
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
3.3 yrs

David Black

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

Rick Loving

TITLE
Senior VP & Chief Administration Officer
COMPENSATION
$1M
AGE
63

Tom McCabe

TITLE
Senior VP
COMPENSATION
$2M
AGE
64
TENURE
1.8 yrs

Joel Duling

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

Jason Kerr

TITLE
VP & Chief Accounting Officer
AGE
42
TENURE
4.8 yrs

William Russell

TITLE
Senior VP & CTO
TENURE
3.3 yrs

Mark Kratz

TITLE
Director of Investor Relations
TENURE
1.3 yrs

Ken Camplin

TITLE
President of Nuclear Services Group
TENURE
2.4 yrs

John MacQuarrie

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

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

3.6
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
$311K
AGE
61
TENURE
9.8 yrs

Rex Geveden

TITLE
President
COMPENSATION
$5M
AGE
57
TENURE
3.3 yrs

Jan Bertsch

TITLE
Independent Director
COMPENSATION
$237K
AGE
62
TENURE
6.8 yrs

James Jaska

TITLE
Independent Director
COMPENSATION
$225K
AGE
67
TENURE
3.6 yrs

Barbara Niland

TITLE
Independent Director
COMPENSATION
$225K
AGE
60
TENURE
3.6 yrs

Charlie Pryor

TITLE
Lead Independent Director
COMPENSATION
$235K
AGE
74
TENURE
2.3 yrs

Bob Nardelli

TITLE
Independent Director
COMPENSATION
$210K
AGE
71
TENURE
6.1 yrs

Robb LeMasters

TITLE
Independent Director
COMPENSATION
$210K
AGE
41
TENURE
4.8 yrs

Ken Krieg

TITLE
Former Lead Independent Director
COMPENSATION
$210K
AGE
58
TENURE
3.6 yrs

Gary Burbach

TITLE
Independent Director
COMPENSATION
$210K
AGE
57
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Nov 19 Sell Joel Duling Individual 19. Nov 19 19. Nov 19 -1,600 $60.87 $-97,392
12. Aug 19 Sell John Fees Individual 08. Aug 19 08. Aug 19 -60,000 $57.15 $-3,429,000
22. May 19 Sell David Black Individual 21. May 19 21. May 19 -2,000 $47.97 $-95,933
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.

BWXT News

Simply Wall St News

Did You Miss BWX Technologies's (NYSE:BWXT) Impressive 103% Share Price Gain?

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … BWX Technologies's earnings per share are down 3.8% per year, despite strong share price performance over five years. … Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off.

Simply Wall St -

How Much is BWX Technologies, Inc.'s (NYSE:BWXT) CEO Getting Paid?

First, this article will compare CEO compensation with compensation at similar sized companies. … See our latest analysis for BWX Technologies How Does Rex Geveden's Compensation Compare With Similar Sized Companies? … It's well worth noting that while Rex Geveden is paid below what is normal at companies of similar size, the returns have been very pleasing, over the last three years.

Simply Wall St -

The Non- Executive Chairman of BWX Technologies, Inc. (NYSE:BWXT), John Fees, Just Sold -43.322863% Of Their Holding

View our latest analysis for BWX Technologies The Last 12 Months Of Insider Transactions At BWX Technologies Notably, that recent sale by John Fees is the biggest insider sale of BWX Technologies shares that we've seen in the last year. … NYSE:BWXT Recent Insider Trading, August 14th 2019 Insider Ownership Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … It appears that BWX Technologies insiders own 0.4% of the company, worth about US$20m.

Simply Wall St -

Should You Be Tempted To Sell BWX Technologies, Inc. (NYSE:BWXT) Because Of Its P/E Ratio?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for BWX Technologies: P/E of 23.58 = $50.4 ÷ $2.14 (Based on the year to March 2019.) Is A High P/E Ratio Good? … Does BWX Technologies Have A Relatively High Or Low P/E For Its Industry? … Therefore, even if you pay a high multiple of earnings now, that multiple will become lower in the future.

Simply Wall St -

Is BWX Technologies, Inc. (NYSE:BWXT) A Great Dividend Stock?

Paying out such a high percentage of cash flow suggests that the dividend was funded from either cash at bank or by borrowing, neither of which is desirable over the long term. … While BWX Technologies's dividends were covered by the company's reported profits, free cash flow is somewhat more important, so it's not great to see that the company didn't generate enough cash to pay its dividend. … Net interest cover can be calculated by dividing earnings before interest and tax (EBIT) by the company's net interest expense. Net interest cover of 8.22 times its interest expense appears reasonable for BWX Technologies, although we're conscious that even high interest cover doesn't make a company bulletproof. Dividend Volatility From the perspective of an income investor who wants to earn dividends for many years, there is not much point buying a stock if its dividend is regularly cut or is not reliable. BWX Technologies has been paying a dividend for the past seven years. It's good to see that BWX Technologies has been paying a dividend for a number of years. However, the dividend has been cut at least once in the past, and we're concerned that what has been cut once, could be cut again. During the past seven-year period, the first annual payment was US$0.32 in 2012, compared to US$0.68 last year. Dividends per share have grown at approximately 11% per year over this time. The growth in dividends has not been linear, but the CAGR is a decent approximation of the rate of change over this time frame. So, its dividends have grown at a rapid rate over this time, but payments have been cut in the past. The stock may still be worth considering as part of a diversified dividend portfolio. Dividend Growth Potential Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. Earnings have grown at around 3.8% a year for the past five years, which is better than seeing them shrink! A payout ratio below 50% leaves ample room to reinvest in the business, and provides finanical flexibility. Earnings per share growth have grown slowly, which is not great, but if the retained earnings can be reinvested effectively, future growth may be stronger. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Is BWX Technologies (NYSE:BWXT) Using Too Much Debt?

NYSE:BWXT Historical Debt, July 5th 2019 A Look At BWX Technologies's Liabilities According to the last reported balance sheet, BWX Technologies had liabilities of US$325.8m due within 12 months, and liabilities of US$1.15b due beyond 12 months. … Either way, since BWX Technologies does have more debt than cash, it's worth keeping an eye on its balance sheet. … Looking at the most recent three years, BWX Technologies recorded free cash flow of 41% of its EBIT, which is weaker than we'd expect.

Simply Wall St -

BWX Technologies, Inc. (NYSE:BWXT): Can Growth Justify Its June Share Price?

As the legendary value investor Ben Graham once said, “Price is what you pay, value is what you get.” BWX Technologies is trading at price-to-earnings (PE) ratio of 23.86x, which tells us the stock is overvalued based on current earnings compared to the Aerospace &amp; Defense industry average of 22.97x , and overvalued compared to the US market average ratio of 17.73x. … NYSE:BWXT Price Estimation Relative to Market, June 25th 2019 We understand BWXT seems to be overvalued based on its current earnings, compared to its industry peers. … Based on this growth, BWX Technologies's stock can be considered overvalued , based on fundamental analysis.

Simply Wall St -

Here's Why We Think BWX Technologies (NYSE:BWXT) Is Well Worth Watching

Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. … So it seems the future my hold further growth, especially if EBIT margins can stabilize. … You can take a look at the company's revenue and earnings growth trend, in the chart below

Simply Wall St -

What To Know Before Buying BWX Technologies, Inc. (NYSE:BWXT) For Its Dividend

Owning a strong dividend company and reinvesting the dividends is widely seen as an attractive way of growing your wealth. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … With a 1.3% yield and a six-year payment history, investors probably think BWX Technologies looks like a reliable dividend stock.

Simply Wall St -

Is BWX Technologies, Inc.'s (NYSE:BWXT) High P/E Ratio A Problem For Investors?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll apply a basic P/E ratio analysis to BWX Technologies, Inc.'s (NYSE:BWXT), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

BWXT 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.
BWXT
Exchange: NYSE
Founded: 1867
$4,816,661,525
95,228,579
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
6,450
BWX Technologies employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 03:21
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/11
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.