CNM Stock Fair Value – CDR Investment Associates X Ltd Offloads 285 Million Shares of Core & Main Stock

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CORE & MAIN ($NYSE:CNM), a leading provider of water, wastewater, and stormwater solutions, recently experienced a major insider stock selloff when CDR Investment Associates X Ltd offloaded 285 million of its shares. This is not the first time CORE & MAIN has been subject to large-scale insider stock sales, but it is the first time in recent history. CORE & MAIN is a publicly traded company that specializes in infrastructure products and services for water, sewer, stormwater, and more. It is the largest distributor of water, wastewater, and stormwater products in the U.S. and Canada, offering an extensive selection of products in each region. The company also provides engineering solutions for water and wastewater infrastructure projects.

It serves thousands of customers in the public and private sectors. While this is not a dramatic change in terms of total stock ownership, it does put a dent in the company’s overall market capitalization and could signal a shift in investor sentiment. It will be important to keep an eye on CORE & MAIN’s stock in the coming days and weeks to see how the selloff impacts its performance.

Stock Price

Following the announcement, CORE & MAIN’s stock opened at $33.8 and closed 0.5% higher at $34.1, up from its previous closing price of $33.9. The move marks the latest development in an ongoing restructuring aimed at increasing the company’s financial stability. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CNM. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CNM. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CNM. More…

Key Ratios Snapshot

Some of the financial key ratios for CNM are shown below. More…

Analysis – CNM Stock Fair Value

GoodWhale has conducted an analysis of CORE & MAIN’s financials and come to the conclusion that their intrinsic value is around $27.1, as calculated by our proprietary Valuation Line. This is slightly lower than the current stock price of $34.1, suggesting that the stock is being traded at a 26.1% premium. While the company does have impressive fundamentals, this may be an indication that investors are currently overvaluing their shares. 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 is a leading provider of water, wastewater, and other infrastructure-related products and services to local governments, businesses, and contractors. Recently, Core & Main’s largest investor, CDR Investment Associates X Ltd, sold off 285 million of its shares in the company. This selloff could be a sign of the investor’s reduced confidence in Core & Main’s future. Analysts should consider taking a closer look at the company’s financials and performance to determine whether a potential investment opportunity lies within the company.

Additionally, investor sentiment should be monitored carefully in order to determine how other investors are responding to this news.