Snap-On Stock Defies Market, Outperforms Competitors Despite Losses
December 7, 2023
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Despite the market losses felt on the day, Snap-On Inc.’s stock still managed to outperform its competitors. This is a remarkable feat considering the fact that the company has been on a downward trend in terms of stock value for some time. Snap-on Incorporated ($NYSE:SNA) is a leading global manufacturer and retailer of professional tools and equipment based in Kenosha, Wisconsin. Many factors have contributed to Snap-on’s success throughout the years. Its wide range of products, from hand tools to power tools, have enabled them to capitalize on the increasing demand for tools among professionals. The company also boasts an extensive network of retail locations and independent distributors which spread across various countries, giving them an impressive global presence.
Despite the losses, Snap-On Incorporated’s stock has managed to defy the market and remain strong. This may be due to the fact that investors are confident in the company’s continued success in spite of the current economic conditions. As such, this may be encouraging news for those looking to invest in the company’s stock in the future.
Price History
On Wednesday, Snap-On Incorporated defied broader stock market losses and outperformed its competitors, closing up 0.4% from its prior closing price. The stock opened at $280.4 and closed at $280.1, despite the wider market losses for the day. This performance reflects the resilience of Snap-On Incorporated in the face of economic volatility.
The company has long been a leader in the automotive tools industry, and has proven capable of weathering market downturns. Despite losses in the short-term, the company’s long-term prospects remain strong. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Snap-on Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 4.69k | 994.7 | 21.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Snap-on Incorporated. More…
| Operations | Investing | Financing |
| 1.07k | -295.1 | -569.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Snap-on Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.3k | 2.45k | 91.28 |
Key Ratios Snapshot
Some of the financial key ratios for Snap-on Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.5% | 16.1% | 29.0% |
| FCF Margin | ROE | ROA |
| 20.7% | 17.7% | 11.6% |
Analysis
GoodWhale has analyzed the fundamentals of SNAP-ON INCORPORATED and found it to be a ‘gorilla’ company. This means that the company has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors looking for a company with a strong balance sheet and high dividend yields may be interested in SNAP-ON INCORPORATED, as it has a health score of 10/10 and is showing strong asset, dividend, and profitability metrics. Moreover, its growth metrics are medium, suggesting it could be a good option for more conservative investors. Overall, GoodWhale believes SNAP-ON INCORPORATED is well-positioned to weather any economic downturn without the risk of bankruptcy. More…
Peers
The company’s products are used by professionals in the automotive, aerospace, and industrial sectors. Snap-on’s products are also used by hobbyists and do-it-yourselfers. The company has a wide range of products that compete with those of its competitors.
– DMG Mori Aktiengesellschaft ($LTS:0OP0)
DMG Mori Aktiengesellschaft is a German machine tool manufacturer. The company is headquartered in Bielefeld, Germany. DMG Mori Aktiengesellschaft is the parent company of DMG Mori Seiki Co., Ltd., a Japanese machine tool manufacturer. The company is listed on the Frankfurt Stock Exchange and Tokyo Stock Exchange.
DMG Mori Aktiengesellschaft has a market cap of 3.24B as of 2022 and a Return on Equity of 8.55%. The company is a leading manufacturer of machine tools and has a strong presence in both the German and Japanese markets.
– Hangzhou Great Star Industrial Co Ltd ($SZSE:002444)
Hangzhou Great Star Industrial Co., Ltd. is engaged in the manufacture and sale of tools and hardware products. The Company’s products include hand tools, power tools, air tools, garden tools, automobile maintenance tools, and others. It sells its products under the brand names of Greatstar, GPS, and others. The Company operates its business in China and internationally.
– Jainex Aamcol Ltd ($BSE:505212)
Jainex Aamcol Ltd is an Indian company that is engaged in the business of manufacturing and marketing of chemicals. The company has a market capitalization of 184.87 million as of 2022 and a return on equity of 33.37%. The company’s products include dyes, pigments, and other chemicals. The company has a strong presence in the Indian market and is one of the leading manufacturers of chemicals in the country.
Summary
Snap-On Incorporated is a publicly traded company that operates in the automotive repair and maintenance industry. Despite losses on the day, its stock performance has outperformed many of its competitors. Analyzing the fundamentals of the stock, investors should consider its strong balance sheet, solid cash flow, and expanding market presence.
Additionally, its dividend yield and low debt-to-equity ratio make it an attractive option for investors looking for a stable income and low risk. Moreover, the company’s consistent increase in revenue, positive outlook, and strong growth potential suggest that it could be a good long-term investment.
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