CNM Intrinsic Value Calculation – Shell Asset Management Co. Reduces Holdings in Core & Main,
May 18, 2023
Trending News ☀️
Shell Asset Management Co. recently made a notable change to their portfolio, reducing their holdings in Core & Main ($NYSE:CNM), Inc. shares. Core & Main is a leading distributor of water, sewer, storm drain, and fire protection products in the United States. It provides the infrastructure and supplies to ensure communities have reliable sources of potable water and sanitation services. This is likely a move to diversify their portfolio and reduce risk.
However, the long-term outlook for Core & Main remains positive, as the company continues to be well-positioned in its industry and looks forward to further expansion in the near future.
Market Price
Despite the news, CORE & MAIN stock opened at $26.9 and closed at $27.2, up by 1.2% from its last closing price of 26.8. This marks a positive response from investors, indicating that the Shell Asset Management Co. decision to reduce their holdings did not have a negative effect on the company’s stock. 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 |
| 6.65k | 366 | 5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CNM. More…
| Operations | Investing | Financing |
| 401 | -152 | -73 |
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 |
| 4.91k | 2.5k | 10.11 |
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 |
| 5.7% | 28.1% | 9.9% |
Analysis – CNM Intrinsic Value Calculation
GoodWhale performed an analysis of CORE & MAIN’s wellbeing and concluded that the fair value of CORE & MAIN shares is around $26.4. This was calculated with our proprietary Valuation Line. Currently, CORE & MAIN stock is traded at a price of $27.2, which is a fair price but slightly overvalued by 2.9%. More…
Peers
The competitive landscape in the water supply and sewerage construction sector is heating up with Core & Main Inc vying for dominance against its rivals DXP Enterprises Inc, Reece Ltd, and Water Supply Sewerage Construction and Investment JSC. All four companies are engaged in a fierce battle to secure the top spot, with each striving to deliver the best products and services to their customers.
– DXP Enterprises Inc ($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
Core & Main, Inc. is a major provider of infrastructure solutions, products, and services to the water, wastewater, and stormwater industries in the United States. Recently, Shell Asset Management Co. has reduced its holdings in Core & Main, Inc. This suggests that the company may be facing some challenges in terms of profitability and growth prospects. Analysts are suggesting that investors should be cautious while considering Core & Main as an investment option.
Recent developments such as shifts in demand within the industry, competitive pressures, and potential regulatory changes could have a significant impact on the company’s future performance. A thorough understanding of the company’s financials, growth strategies, and competitive landscape is essential for investors before investing in Core & Main.
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