CNM Intrinsic Stock Value – Deutsche Bank Raises Price Target for Core & Main, a Leading Water & Wastewater Distributor
June 17, 2023
🌥️Trending News
Deutsche Bank has recently raised its price target for Core & Main ($NYSE:CNM), a leading water and wastewater distributor based in the United States. It provides a comprehensive range of water and wastewater products, materials, and services to commercial, industrial, residential, municipal, and governmental customers. Core & Main offers a wide portfolio of products such as pipes, valves, hydrants, fittings, meters, pumps, tanks, and related accessories. It also provides installation and repair services as well as technology solutions and engineering services.
The company’s stock has seen an impressive gain this year due to strong sales and profits. With its increasing success, Core & Main is set to become a leader in the water and wastewater industry.
Share Price
On Wednesday, CORE & Main stock opened at $28.9 and closed at $28.8, down by 0.4% from its prior closing price of 28.9. Despite the slight dip in stock prices, Deutsche Bank analysts remain bullish on Core & Main with their new price target, expecting that the company will continue to provide strong and sustainable growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CNM. More…
| Total Revenues | Net Income | Net Margin |
| 6.63k | 366 | 5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CNM. More…
| Operations | Investing | Financing |
| 558 | -215 | -343 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CNM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.93k | 2.74k | 9.82 |
Key Ratios Snapshot
Some of the financial key ratios for CNM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.2% | 71.0% | 11.7% |
| FCF Margin | ROE | ROA |
| 8.0% | 28.7% | 9.8% |
Analysis – CNM Intrinsic Stock Value
At GoodWhale, we performed an analysis of CORE & MAIN’s financials and found that its intrinsic value is around $27.5. We used our proprietary Valuation Line to calculate this figure. Currently, CORE & MAIN stock is trading at $28.8, which is a fair price although slightly overvalued by 4.7%. More…
Peers
The competitive landscape in the water supply and sewerage construction sector is heating up with Core & Main Inc vying for dominance against its rivals DXP Enterprises Inc, Reece Ltd, and Water Supply Sewerage Construction and Investment JSC. All four companies are engaged in a fierce battle to secure the top spot, with each striving to deliver the best products and services to their customers.
– DXP Enterprises Inc ($NASDAQ:DXPE)
DDD Enterprises Inc is a leading multinational company that specializes in the production and distribution of industrial products. With a market cap of 486.01M as of 2022 and a Return on Equity of 12.81%, the company is well-positioned to remain a formidable player in the industry. The market cap of DDD Enterprises Inc reflects its size, financial strength and market presence, and the high ROE indicates that the company is able to generate good returns on the capital it invests. DDD Enterprises Inc is committed to providing innovative solutions to its customers, and its strong market position makes it an attractive partner for investors.
– Reece Ltd ($ASX:REH)
Reece Ltd is an Australian distributor of plumbing and bathroom products. The company has a market cap of 9.46B as of 2022, which indicates its strong presence in the market and the trust its customers have in the company. It also has a Return on Equity of 11.05%, which indicates that the company is performing well financially and generating returns for its investors.
Summary
Deutsche Bank recently raised the price target of Core & Main, a distributor of water and wastewater products and services. This is an indication that the stock is a good investment option at current prices. Analysts are bullish on the company’s prospects, citing their strong market position, efficient operational structure, and attractive portfolio of offerings.
Furthermore, the company has a long history of strong financial performance, with high margins, consistent free cash flow growth, and a solid balance sheet. Overall, Core & Main looks like a purchase worthy of consideration for investors looking to add to their portfolio.
