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Mueller Water Products

NYSE:MWA
Snowflake Description

Excellent balance sheet established dividend payer.

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

Mueller Water Products, Inc. manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. The last earnings update was 16 days ago. More info.


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MWA Share Price and Events
7 Day Returns
4.8%
NYSE:MWA
-2.5%
US Machinery
-1.4%
US Market
1 Year Returns
17.7%
NYSE:MWA
14.9%
US Machinery
14.5%
US Market
MWA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mueller Water Products (MWA) 4.8% 3.2% 11.9% 17.7% -16.1% 20.8%
US Machinery -2.5% -2.6% 10.1% 14.9% 27.7% 44.8%
US Market -1.4% 1.3% 4.6% 14.5% 35.7% 48.6%
1 Year Return vs Industry and Market
  • MWA outperformed the Machinery industry which returned 14.9% over the past year.
  • MWA outperformed the Market in United States of America which returned 14.5% over the past year.
Price Volatility
MWA
Industry
5yr Volatility vs Market

Value

 Is Mueller Water Products 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 Mueller Water Products 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 Mueller Water Products.

NYSE:MWA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
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:MWA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.075 (1 + (1- 21%) (25.16%))
1.193
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.193 * 5.44%)
8.23%

Discounted Cash Flow Calculation for NYSE:MWA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mueller Water Products 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:MWA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.23%)
2020 62.85 Analyst x3 58.07
2021 97.66 Analyst x3 83.37
2022 123.10 Analyst x2 97.10
2023 142.03 Est @ 15.37% 103.51
2024 158.05 Est @ 11.28% 106.43
2025 171.36 Est @ 8.42% 106.61
2026 182.36 Est @ 6.42% 104.83
2027 191.50 Est @ 5.01% 101.71
2028 199.22 Est @ 4.03% 97.76
2029 205.88 Est @ 3.34% 93.35
Present value of next 10 years cash flows $952.00
NYSE:MWA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $205.88 × (1 + 1.74%) ÷ (8.23% – 1.74%)
$3,227.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,227.11 ÷ (1 + 8.23%)10
$1,463.22
NYSE:MWA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $952.00 + $1,463.22
$2,415.22
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,415.22 / 157.62
$15.32
NYSE:MWA Discount to Share Price
Calculation Result
Value per share (USD) From above. $15.32
Current discount Discount to share price of $11.79
= -1 x ($11.79 - $15.32) / $15.32
23.1%

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

Current Discount
Amount off the current price Mueller Water Products is available for.
Intrinsic value
23%
Share price is $11.79 vs Future cash flow value of $15.32
Current Discount Checks
For Mueller Water Products to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mueller Water Products's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mueller Water Products'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 Mueller Water Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mueller Water Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MWA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.40
NYSE:MWA Share Price ** NYSE (2019-12-05) in USD $11.79
United States of America Machinery Industry PE Ratio Median Figure of 97 Publicly-Listed Machinery Companies 21.9x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.23x

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

** Primary Listing of Mueller Water Products.

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

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

= 11.79 ÷ 0.40

29.16x

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

  • Mueller Water Products is overvalued based on earnings compared to the US Machinery industry average.
  • Mueller Water Products is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Mueller Water Products's expected growth come at a high price?
Raw Data
NYSE:MWA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
20.6%per year
United States of America Machinery Industry PEG Ratio Median Figure of 78 Publicly-Listed Machinery Companies 1.41x
United States of America Market PEG Ratio Median Figure of 2,045 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.16x ÷ 20.6%

1.42x

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

  • Mueller Water Products is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mueller Water Products's assets?
Raw Data
NYSE:MWA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $3.75
NYSE:MWA Share Price * NYSE (2019-12-05) in USD $11.79
United States of America Machinery Industry PB Ratio Median Figure of 126 Publicly-Listed Machinery Companies 2.43x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.77x
NYSE:MWA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.79 ÷ 3.75

3.15x

* Primary Listing of Mueller Water Products.

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

  • Mueller Water Products is overvalued based on assets compared to the US Machinery industry average.
X
Value checks
We assess Mueller Water Products'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. Mueller Water Products 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.

Future Performance

 How is Mueller Water Products expected to perform in the next 1 to 3 years based on estimates from 10 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
20.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mueller Water Products expected to grow at an attractive rate?
  • Mueller Water Products's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Mueller Water Products's earnings growth is expected to exceed the United States of America market average.
  • Mueller Water Products's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:MWA Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:MWA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 20.6%
NYSE:MWA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 4.1%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 1.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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:MWA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MWA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 1,092 182 124 3
2021-09-30 1,053 174 108 9
2020-09-30 1,009 156 97 10
2019-12-06
NYSE:MWA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 968 93 64
2019-06-30 955 81 49
2019-03-31 931 102 30
2018-12-31 931 143 30
2018-09-30 916 133 106
2018-06-30 889 103 101
2018-03-31 871 78 110
2017-12-31 837 24 104
2017-09-30 826 16 54
2017-06-30 815 54 54
2017-03-31 807 78 41
2016-12-31 805 135 47

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mueller Water Products's earnings are expected to grow significantly at over 20% yearly.
  • Mueller Water Products's revenue is expected to grow by 4.1% 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
NYSE:MWA 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 10 Analyst Estimates (S&P Global) See Below

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

NYSE:MWA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30 0.80 0.84 0.76 2.00
2021-09-30 0.69 0.72 0.65 6.00
2020-09-30 0.62 0.65 0.58 8.00
2019-12-06
NYSE:MWA Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.40
2019-06-30 0.31
2019-03-31 0.19
2018-12-31 0.19
2018-09-30 0.67
2018-06-30 0.64
2018-03-31 0.69
2017-12-31 0.65
2017-09-30 0.34
2017-06-30 0.34
2017-03-31 0.25
2016-12-31 0.29

*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.
  • Mueller Water Products is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mueller Water Products'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.
Mueller Water Products 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.

Past Performance

  How has Mueller Water Products 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 Mueller Water Products'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.
  • Mueller Water Products's year on year earnings growth rate has been positive over the past 5 years.
  • Mueller Water Products's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mueller Water Products's 1-year earnings growth is negative, it can't be compared to the US Machinery industry average.
Earnings and Revenue History
Mueller Water Products'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 Mueller Water Products Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MWA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 968.00 63.80 183.10
2019-06-30 955.40 48.60 178.20
2019-03-31 931.30 30.20 172.30
2018-12-31 930.50 29.50 168.60
2018-09-30 916.00 105.60 167.70
2018-06-30 888.60 100.70 166.80
2018-03-31 870.60 109.50 164.10
2017-12-31 837.10 104.00 160.20
2017-09-30 826.00 54.30 156.80
2017-06-30 814.70 54.00 153.50
2017-03-31 807.20 40.90 154.10
2016-12-31 804.70 46.50 152.40
2016-09-30 800.60 45.10 168.80
2016-06-30 896.40 47.60 164.90
2016-03-31 972.70 53.10 178.40
2015-12-31 1,065.80 55.10 196.80
2015-09-30 793.40 12.50 146.70
2015-06-30 1,173.80 34.80 224.40
2015-03-31 1,191.30 36.80 226.80
2014-12-31 1,189.10 34.20 225.20
2014-09-30 1,184.70 55.50 223.20
2014-06-30 1,157.20 46.10 203.10 14.80
2014-03-31 1,138.10 43.60 204.70 14.80
2013-12-31 1,133.10 41.50 203.10 14.80
2013-09-30 1,120.80 35.40 214.40
2013-06-30 1,108.70 22.90 200.20 12.70
2013-03-31 1,085.20 12.80 196.50 12.70
2012-12-31 1,053.60 -3.70 194.50 12.70

*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.
  • Mueller Water Products has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mueller Water Products used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • Mueller Water Products has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mueller Water Products'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.
Mueller Water Products has a total score of 2/6, 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 Mueller Water Products'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 Mueller Water Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mueller Water Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mueller Water Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mueller Water Products'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 1.3x 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 Mueller Water Products Company Filings, last reported 2 months ago.

NYSE:MWA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 592.30 446.60 176.70
2019-06-30 567.00 446.80 140.70
2019-03-31 548.80 446.10 134.30
2018-12-31 538.90 445.60 198.80
2018-09-30 564.80 445.90 347.10
2018-06-30 538.10 445.90 331.50
2018-03-31 531.80 480.00 323.90
2017-12-31 534.30 481.40 348.30
2017-09-30 489.50 484.40 361.70
2017-06-30 462.30 484.80 353.20
2017-03-31 446.90 482.50 328.30
2016-12-31 423.30 484.30 172.30
2016-09-30 419.50 491.70 195.00
2016-06-30 394.40 491.80 148.30
2016-03-31 373.40 492.60 93.60
2015-12-31 366.50 489.90 104.50
2015-09-30 367.80 491.60 113.10
2015-06-30 339.90 497.20 61.40
2015-03-31 329.00 513.50 34.10
2014-12-31 324.40 499.60 45.10
2014-09-30 351.60 541.00 161.10
2014-06-30 343.80 600.80 150.90
2014-03-31 325.70 600.60 105.10
2013-12-31 321.80 600.70 106.80
2013-09-30 328.20 600.80 123.60
2013-06-30 260.50 600.90 69.20
2013-03-31 246.20 600.90 37.90
2012-12-31 238.70 623.00 74.50
  • Mueller Water Products's level of debt (75.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (153.9% vs 75.4% today).
  • Debt is well covered by operating cash flow (20.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7x coverage).
X
Financial health checks
We assess Mueller Water Products'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. Mueller Water Products has a total score of 5/6, 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 Mueller Water Products'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
1.78%
Current annual income from Mueller Water Products dividends. Estimated to be 1.94% next year.
If you bought $2,000 of Mueller Water Products shares you are expected to receive $36 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?
  • Mueller Water Products's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Mueller Water Products's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
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:MWA 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 10 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 73 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1958 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:MWA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-09-30 0.27 2.00
2021-09-30 0.23 5.00
2020-09-30 0.22 6.00
2019-12-06
NYSE:MWA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-25 0.210 1.856
2019-07-25 0.210 1.977
2019-04-23 0.200 2.056
2019-01-25 0.200 1.930
2018-10-29 0.200 2.009
2018-07-26 0.200 1.738
2018-04-17 0.200 1.749
2018-01-24 0.200 1.810
2017-10-25 0.160 1.303
2017-08-01 0.160 1.314
2017-04-19 0.160 1.399
2017-01-09 0.160 1.285
2016-10-31 0.120 0.919
2016-07-27 0.120 0.986
2016-03-31 0.120 1.108
2016-01-27 0.080 0.921
2015-10-21 0.080 0.925
2015-07-21 0.080 0.951
2015-04-21 0.080 0.855
2015-01-28 0.070 0.731
2014-10-22 0.070 0.712
2014-07-22 0.070 0.811
2014-04-22 0.070 0.809
2014-01-29 0.070 0.756
2013-10-23 0.070 0.798
2013-07-24 0.070 0.898
2013-04-23 0.070 0.992
2013-01-30 0.070 1.203
2012-10-24 0.070 1.284
2012-07-25 0.070 1.648
2012-04-25 0.070 2.006
2012-01-25 0.070 2.203
2011-10-26 0.070 2.950
2011-07-27 0.070 2.897
2011-04-27 0.070 1.798
2011-01-26 0.070 1.713
2010-10-27 0.070 1.860
2010-07-29 0.070 2.426
2010-04-28 0.070 1.672
2010-01-28 0.070 1.415
2009-10-29 0.070 1.388
2009-07-29 0.070 1.492
2009-04-29 0.070 1.865
2009-01-28 0.070 2.321

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Mueller Water Products's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Mueller Water Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Mueller Water Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mueller Water Products has a total score of 5/6, 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 Mueller Water Products'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
J. Hall
COMPENSATION $3,195,398
AGE 55
TENURE AS CEO 2.9 years
CEO Bio

Mr. J. Scott Hall has been the Chief Executive Officer and President of Mueller Water Products, Inc. since January 23, 2017. Mr. Hall served as the President of Textron Industrial Segment and Greenlee at Textron Inc. until March 8, 2016. He served as President and Chief Executive Officer of Textron Industrial Segment from December 2009 to January 2017 & Textron Tools & Test at Textron Inc. since March 8, 2016. He served as the President of Greenlee Inc. of Textron Inc. since 2003. He joined Textron in 2001 as President of Tempo. Prior to joining Textron, he served as Senior Vice President & General Manager of Communications Business at General Cable Corporation. He has been a Director of Mueller Water Products, Inc. since January 25, 2017. Mr. Hall held a number of leadership positions during a 17-year career at General Cable Co. Mr. Hall ran General Cable’s Canadian businesses before taking over responsibility for General Cable’s Global Communications business. He serves on the Board of Directors of the National Association of Manufacturers. He serves as a Trustee of Manufacturers Alliance for Productivity and Innovation, Inc. In addition to his business commitments, Mr. Hall also serves on many boards, including the Rockford ProAm. He is a Trustee on the Manufacturers Alliance/MAPI Board of Trustees, a leading business research and executive education organization and advocate for manufacturing interests. He holds a Bachelor of Commerce from Memorial University of Newfoundland and an MBA from the University of Western Ontario's Ivey School of Business.

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

Average tenure and age of the Mueller Water Products management team in years:

1.9
Average Tenure
53
Average Age
  • The average tenure for the Mueller Water Products management team is less than 2 years, this suggests a new team.
Management Team

J. Hall

TITLE
President
COMPENSATION
$3M
AGE
55
TENURE
2.9 yrs

Martie Zakas

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
60
TENURE
1.9 yrs

Steve Heinrichs

TITLE
Executive VP
COMPENSATION
$888K
AGE
51
TENURE
1.3 yrs

Greg Rogowski

TITLE
Executive Vice President of Business Development
COMPENSATION
$2M
AGE
60
TENURE
2.2 yrs

William Cofield

TITLE
Senior Vice President of Operations & Supply Chain
AGE
59
TENURE
1.9 yrs

Michael Nancarrow

TITLE
VP & Chief Accounting Officer
AGE
45
TENURE
1.9 yrs

Whit Kincaid

TITLE
Senior Director of Investor Relations and Corporate Development
TENURE
1.8 yrs

Yolanda Kokayi

TITLE
Director of Communications

Jennifer O'Keefe

TITLE
Vice President of Human Resources
AGE
45
TENURE
2 yrs

M. Schrock

TITLE
Vice President of Operations Controller
AGE
51
Board of Directors Tenure

Average tenure and age of the Mueller Water Products board of directors in years:

8.6
Average Tenure
72
Average Age
  • The tenure for the Mueller Water Products board of directors is about average.
Board of Directors

Mark O’Brien

TITLE
Non-Executive Chairman
COMPENSATION
$229K
AGE
76
TENURE
1.9 yrs

J. Hall

TITLE
President
COMPENSATION
$3M
AGE
55
TENURE
2.9 yrs

Mike Tokarz

TITLE
Independent Director
COMPENSATION
$223K
AGE
70
TENURE
13.7 yrs

Jerry Kolb

TITLE
Independent Director
COMPENSATION
$215K
AGE
83
TENURE
13.7 yrs

Bernard Rethore

TITLE
Independent Director
COMPENSATION
$199K
AGE
77
TENURE
13.7 yrs

Lydia Thomas

TITLE
Independent Director
COMPENSATION
$188K
AGE
75
TENURE
11.9 yrs

Tom Hansen

TITLE
Independent Director
COMPENSATION
$191K
AGE
70
TENURE
8.2 yrs

Shirley Franklin

TITLE
Independent Director
COMPENSATION
$178K
AGE
74
TENURE
9.1 yrs

Christine Ortiz

TITLE
Director
AGE
49
TENURE
1.1 yrs

Stephen Van Arsdell

TITLE
Director
AGE
68
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • Mueller Water Products individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
27. Nov 19 Sell Shirley Franklin Individual 25. Nov 19 25. Nov 19 -12,808 $11.12 $-142,451
09. Aug 19 Buy Stephen Van Arsdell Individual 09. Aug 19 09. Aug 19 10,000 $10.10 $101,000
13. Jun 19 Sell Shirley Franklin Individual 12. Jun 19 12. Jun 19 -6,700 $9.55 $-63,985
11. May 19 Buy Bernard Rethore Individual 09. May 19 09. May 19 10,000 $9.19 $91,859
X
Management checks
We assess Mueller Water Products'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. Mueller Water Products 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

Imagine Owning Mueller Water Products (NYSE:MWA) And Wondering If The 15% Share Price Slide Is Justified

During the unfortunate three years of share price decline, Mueller Water Products actually saw its earnings per share (EPS) improve by 1.4% per year. … 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. … We note that for Mueller Water Products the TSR over the last 3 years was -10%, which is better than the share price return mentioned above.

Simply Wall St -

When Should You Buy Mueller Water Products, Inc. (NYSE:MWA)?

See our latest analysis for Mueller Water Products What's the opportunity in Mueller Water Products? … According to my valuation model, Mueller Water Products seems to be fairly priced at around 15% below my intrinsic value, which means if you buy Mueller Water Products today, you’d be paying a reasonable price for it. … Since Mueller Water Products’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy.

Simply Wall St -

The Director of Mueller Water Products, Inc. (NYSE:MWA), Stephen Van Arsdell, Just Bought 45.454545% More Shares

Check out our latest analysis for Mueller Water Products Mueller Water Products Insider Transactions Over The Last Year Notably, that recent purchase by Stephen Van Arsdell is the biggest insider purchase of Mueller Water Products shares that we've seen in the last year. … Insiders own 2.5% of Mueller Water Products shares, worth about US$39m. … Insiders own shares in Mueller Water Products and we see no evidence to suggest they are worried about the future.

Simply Wall St -

Do These 3 Checks Before Buying Mueller Water Products, Inc. (NYSE:MWA) For Its Upcoming Dividend

Last year Mueller Water Products paid out 105% of its profits as dividends to shareholders, suggesting the dividend is not well covered by earnings. … As Mueller Water Products's dividend was not well covered by either earnings or cash flow, we would be concerned that this dividend could be at risk over the long term. … Mueller Water Products is already paying out 105% of its profits, and with shrinking earnings we think it's unlikely that this dividend will grow quickly in the future.

Simply Wall St -

We Think Mueller Water Products (NYSE:MWA) Is Taking Some Risk With Its Debt

View our latest analysis for Mueller Water Products What Is Mueller Water Products's Debt? … NYSE:MWA Historical Debt, August 2nd 2019 A Look At Mueller Water Products's Liabilities The latest balance sheet data shows that Mueller Water Products had liabilities of US$174.3m due within a year, and liabilities of US$557.1m falling due after that. … We think that Mueller Water Products's debt does make it a bit risky, after considering the aforementioned data points together.

Simply Wall St -

A Closer Look At Mueller Water Products, Inc.'s (NYSE:MWA) Uninspiring ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Mueller Water Products: 5.5% = US$30m ÷ US$549m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … How Does Debt Impact Return On Equity? … Mueller Water Products's Debt And Its 5.5% ROE While Mueller Water Products does have some debt, with debt to equity of just 0.81, we wouldn't say debt is excessive.

Simply Wall St -

Is Mueller Water Products, Inc.'s (NYSE:MWA) CEO Pay Justified?

You can see a visual representation of the CEO compensation at Mueller Water Products, below. … NYSE:MWA CEO Compensation, July 4th 2019 Is Mueller Water Products, Inc. … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Mueller Water Products.

Simply Wall St -

Is Mueller Water Products, Inc. (NYSE:MWA) A Volatile Stock?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Looking at the last five years, Mueller Water Products has a beta of 1.18. … What this means for you: Since Mueller Water Products has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

Did You Manage To Avoid Mueller Water Products's (NYSE:MWA) 24% Share Price Drop?

We'd be remiss not to mention the difference between Mueller Water Products's total shareholder return (TSR) and its share price return. … Its history of dividend payouts mean that Mueller Water Products's TSR, which was a 22% drop over the last year, was not as bad as the share price return. … A Different Perspective Investors in Mueller Water Products had a tough year, with a total loss of 22% (including dividends), against a market gain of about 0.3%.

Simply Wall St -

A Look At Mueller Water Products, Inc.'s (NYSE:MWA) Exceptional Fundamentals

For those interested in digger a bit deeper into my commentary, take a look at the report on Mueller Water Products here. … NYSE:MWA Historical Dividend Yield, May 22nd 2019 Next Steps: For Mueller Water Products, I've compiled three essential factors you should look at: Future Outlook: What are well-informed industry analysts predicting for MWA’s future growth? … Take a look at our free research report of analyst consensus for MWA’s outlook.

Simply Wall St -

Company Info

Description

Mueller Water Products, Inc. manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off. It sells its products primarily through waterworks distributors to various end user customers comprising municipalities, water and wastewater utilities, gas utilities, and fire protection and construction contractors. The Technologies segment provides residential and commercial water metering, water leak detection, and pipe condition assessment products, systems, and services directly to municipalities and waterworks distributors, as well as to end users. The company is headquartered in Atlanta, Georgia.

Details
Name: Mueller Water Products, Inc.
MWA
Exchange: NYSE
Founded:
$1,774,803,283
157,620,185
Website: http://www.muellerwaterproducts.com
Address: Mueller Water Products, Inc.
1200 Abernathy Road NE,
Suite 1200,
Atlanta,
Georgia, 30328,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MWA Series A Common Stock New York Stock Exchange US USD 26. May 2006
DB JT5 Series A Common Stock Deutsche Boerse AG DE EUR 26. May 2006
Number of employees
Current staff
Staff numbers
3,100
Mueller Water Products employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/06 00:03
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/11/26
Last earnings filing: 2019/11/20
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/09/30


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.