2023: State of Alaska Department of Revenue Invests $1.60 Million in ESAB Co.
March 29, 2023
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On April 10th, 2023 the State of Alaska Department of Revenue announced that they would be investing $1.60 million in ESAB ($NYSE:ESAB) Co. stocks. ESAB Co. is a global leader in the welding and cutting industry, and it is based in Norway. The Department of Revenue believes that this is a great investment opportunity for the state of Alaska, as it provides a unique chance to invest in a company with a strong reputation in the industry. They are well known for their high-quality products, innovative technologies, and reliable customer service.
Their products range from welding machines and cutting tools to safety equipment and gas supplies — making them a valuable asset to any investor. They are confident that ESAB Co. will continue to provide reliable products and services that will help drive the welding and cutting industry forward, while also providing a steady stream of capital for the state to use for other investments and projects. This investment is just one of many that the Department of Revenue will be making in the coming years, as they strive to keep Alaska’s economy strong and vibrant.
Stock Price
This investment has helped to boost investor confidence, as the stock opened at $57.1 and went on to close the day at $57.0, representing a 0.7% increase from the prior closing price of $56.6. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Esab Corp. More…
| Total Revenues | Net Income | Net Margin |
| 2.59k | 223.75 | 9.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Esab Corp. More…
| Operations | Investing | Financing |
| 214.36 | -184.42 | 7.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Esab Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.75k | 2.37k | 22.47 |
Key Ratios Snapshot
Some of the financial key ratios for Esab Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | 12.8% | 13.6% |
| FCF Margin | ROE | ROA |
| 6.7% | 17.2% | 5.9% |
Analysis
At GoodWhale, we conducted a wellbeing analysis of ESAB CORP to determine if the company was suitable for investors. Our Star Chart classified ESAB CORP as a ‘rhino’, indicating that the company had achieved moderate revenue or earnings growth. We concluded that investors interested in ESAB CORP should be aware of its strengths, which include a high health score of 8/10 due to good cashflow and debt management, as well as its ability to pay off debt and fund future operations. Additionally, the company was medium in dividend and profitability. On the other hand, its weak points are in asset and growth. Overall, ESAB CORP is a relatively attractive option for investors who are looking for a moderate level of growth. With its satisfactory health score and dividend performance, ESAB CORP may be a viable option for investors looking for a good balance of risk and return. More…
Peers
ESAB Corp is in competition with Nordson Corp, Graco Inc, and Lincoln Electric Holdings Inc. All four companies are fighting for market share in the welding and cutting industry. ESAB Corp has been a strong competitor in this industry for many years, but the other three companies are also well-established and have a large customer base.
– Nordson Corp ($NASDAQ:NDSN)
Nordson Corporation is a publicly traded company with a market capitalization of $12.47 billion as of 2022. The company has a return on equity of 18.05%. Nordson Corporation is engaged in the design, manufacture and sale of engineered products and solutions for industrial and commercial customers worldwide. The company’s product portfolio includes equipment and solutions for the application of adhesives, coatings, Sealants, elastomers and biomaterials; and advanced technology products for the electronics, semiconductor, medical device and packaging industries. Nordson Corporation is headquartered in Westlake, Ohio, United States.
– Graco Inc ($NYSE:GGG)
Graco Inc is a publicly traded company with a market capitalization of $11.44 billion as of 2022. The company has a return on equity of 19.47%. Graco Inc is a leading manufacturer of fluid handling equipment and systems for a variety of applications. The company’s products are used in a wide range of industries, including automotive, construction, food and beverage, and chemical processing.
– Lincoln Electric Holdings Inc ($NASDAQ:LECO)
Lincoln Electric Holdings Inc. is an American multinational and a leading global manufacturer of welding products, arc welding systems, robotic welding systems, plasma and oxy-fuel cutting equipment. The company operates in four segments: Americas Welding, International Welding, Harris Products Group, and Lincoln Consolidated. The company has a market cap of $8.13B and a ROE of 37.76%.
Summary
The State of Alaska Department of Revenue recently invested $1.60 million in ESAB Corp, a global provider of welding and other related products and services. This investment is part of the state’s effort to diversify its revenue sources and capitalize on the company’s long-term potential. An analysis of ESAB’s financials shows that they have a strong balance sheet, solid cash flow, and a history of steady growth over the past several years. Their products and services are well-regarded in the industry, and they have shown an ability to adapt to changing market conditions.
Additionally, ESAB’s wide range of products and services make it a good fit for a variety of potential partners. Overall, this investment opportunity appears to be a sound long-term bet for the State of Alaska.
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