Snap On Stock Buy Hold or Sell Recommendation
| SNA Stock | USD 268.80 7.04 2.69% |
Considering the 90-day investment horizon and complete risk avoidance on your part, our recommendation regarding Snap On is 'Strong Sell'. Macroaxis provides Snap On buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Snap On positions. The advice algorithm takes into account all of Snap On's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Snap On's buy or sell advice are summarized below:
Real Value 269.68 | Target Price 265.57 | Hype Value 269.1 | Market Value 268.8 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Snap On given historical horizon and risk tolerance towards Snap On. When Macroaxis issues a 'buy' or 'sell' recommendation for Snap On, the advice is generated through an automated system that utilizes algorithms and statistical models.
Snap |
Execute Snap On Buy or Sell Advice
The Snap recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Snap On. Macroaxis does not own or have any residual interests in Snap On or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Snap On's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Snap On Trading Alerts and Improvement Suggestions
| Snap On generated a negative expected return over the last 90 days | |
| Over 89.0% of the company shares are owned by institutional investors | |
| On 11th of March 2024 Snap On paid $ 1.86 per share dividend to its current shareholders | |
| Latest headline from insidermonkey.com: Snap-on Incorporated Q1 2024 Earnings Call Transcript |
Snap On Returns Distribution Density
The distribution of Snap On's historical returns is an attempt to chart the uncertainty of Snap On's future price movements. The chart of the probability distribution of Snap On daily returns describes the distribution of returns around its average expected value. We use Snap On price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Snap On returns is essential to provide solid investment advice for Snap On.
| Mean Return | -0.05 | Value At Risk | -1.49 | Potential Upside | 2.23 | Standard Deviation | 1.84 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Snap On historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Snap Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Snap On is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Snap On backward and forwards among themselves. Snap On's institutional investor refers to the entity that pools money to purchase Snap On's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Envestnet Asset Management Inc | 2023-12-31 | 755.4 K | Regions Financial Corp | 2023-12-31 | 727.1 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 699.5 K | Lsv Asset Management | 2023-12-31 | 670.8 K | Confluence Investment Management Llc | 2023-09-30 | 624 K | Bank Of America Corp | 2023-12-31 | 618.1 K | Amvescap Plc. | 2023-12-31 | 580.7 K | Goldman Sachs Group Inc | 2023-12-31 | 542.9 K | Norges Bank | 2023-12-31 | 504.3 K | Vanguard Group Inc | 2023-12-31 | 6.4 M | Blackrock Inc | 2023-12-31 | 4.2 M |
Snap On Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (97M) | 34.2M | (75.4M) | (272.1M) | 23.3M | 24.5M | |
| Change In Cash | 43.6M | 738.9M | (143.4M) | (22.8M) | 244.3M | 256.5M | |
| Free Cash Flow | 575.2M | 943M | 896.5M | 591M | 1.1B | 1.1B | |
| Depreciation | 92.4M | 96.7M | 104.8M | 100.2M | 99.3M | 70.0M | |
| Other Non Cash Items | 69.1M | 80.1M | 50.1M | 51.4M | 98.9M | 103.8M | |
| Dividends Paid | 216.6M | 243.3M | 275.8M | 313.1M | (355.6M) | (337.8M) | |
| Capital Expenditures | 99.4M | 65.6M | 70.1M | 84.2M | 95M | 83.0M | |
| Net Income | 711.2M | 646.4M | 841.4M | 933.9M | 1.0B | 1.1B | |
| End Period Cash Flow | 184.5M | 923.4M | 780M | 757.2M | 1.0B | 1.1B | |
| Investments | (87.6M) | (84.7M) | (290.4M) | (206.2M) | (295.1M) | (280.3M) | |
| Change Receivables | (36.6M) | 18M | (64.5M) | (131.8M) | (151.6M) | (159.1M) | |
| Net Borrowings | 17.6M | 489.9M | (246.7M) | 1.6M | 1.8M | 1.7M | |
| Change To Netincome | 127.1M | 67.3M | 120.8M | 58.3M | 67.0M | 83.4M |
Snap On Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Snap On or Machinery sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Snap On's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Snap stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.14 | |
β | Beta against NYSE Composite | 1.05 | |
σ | Overall volatility | 1.86 | |
Ir | Information ratio | -0.07 |
Snap On Volatility Alert
Snap On exhibits very low volatility with skewness of -3.17 and kurtosis of 14.89. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Snap On's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Snap On's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Snap On Fundamentals Vs Peers
Comparing Snap On's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Snap On's direct or indirect competition across all of the common fundamentals between Snap On and the related equities. This way, we can detect undervalued stocks with similar characteristics as Snap On or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Snap On's fundamental indicators could also be used in its relative valuation, which is a method of valuing Snap On by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Snap On to competition |
| Fundamentals | Snap On | Peer Average |
| Return On Equity | 0.21 | -0.31 |
| Return On Asset | 0.12 | -0.14 |
| Profit Margin | 0.20 % | (1.27) % |
| Operating Margin | 0.26 % | (5.51) % |
| Current Valuation | 13.98 B | 16.62 B |
| Shares Outstanding | 52.84 M | 571.82 M |
| Shares Owned By Insiders | 2.06 % | 10.09 % |
| Shares Owned By Institutions | 89.31 % | 39.21 % |
| Number Of Shares Shorted | 2.35 M | 4.71 M |
| Price To Earning | 14.71 X | 28.72 X |
| Price To Book | 3.02 X | 9.51 X |
| Price To Sales | 3.00 X | 11.42 X |
| Revenue | 5.11 B | 9.43 B |
| Gross Profit | 2.45 B | 27.38 B |
| EBITDA | 1.41 B | 3.9 B |
| Net Income | 1.01 B | 570.98 M |
| Cash And Equivalents | 757.2 M | 2.7 B |
| Cash Per Share | 14.28 X | 5.01 X |
| Total Debt | 1.28 B | 5.32 B |
| Debt To Equity | 0.29 % | 48.70 % |
| Current Ratio | 3.29 X | 2.16 X |
| Book Value Per Share | 97.37 X | 1.93 K |
| Cash Flow From Operations | 1.15 B | 971.22 M |
| Short Ratio | 5.64 X | 4.00 X |
| Earnings Per Share | 19.08 X | 3.12 X |
| Price To Earnings To Growth | 2.04 X | 4.89 X |
| Target Price | 281.14 | |
| Number Of Employees | 13.2 K | 18.84 K |
| Beta | 0.98 | -0.15 |
| Market Capitalization | 14.2 B | 19.03 B |
| Total Asset | 7.54 B | 29.47 B |
| Retained Earnings | 6.95 B | 9.33 B |
| Working Capital | 2.71 B | 1.48 B |
Note: Disposition of 2827 shares by Timothy Chambers of Snap On at 269.0 subject to Rule 16b-3 [view details]
Snap On Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Snap . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Snap On Buy or Sell Advice
When is the right time to buy or sell Snap On? Buying financial instruments such as Snap Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.2B | 1.2B | 1.3B | 640.8M | Total Assets | 6.8B | 7.0B | 7.5B | 7.9B |
Use Investing Ideas to Build Portfolios
In addition to having Snap On in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Alternative Energy Thematic Idea Now
Alternative Energy
Large and mid-size companies, ETFs and funds that are either investing or directly involved in providing energy derived from sources not connected to fossil fuels, do not consume natural resources, and do not harm the environment. This includes wind power, nuclear and solar energy, biofuel, ethanol, hydrogen and others alternative sources of energy. The Alternative Energy theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Alternative Energy Theme or any other thematic opportunities.
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Check out Snap On Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Snap Stock analysis
When running Snap On's price analysis, check to measure Snap On's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Snap On is operating at the current time. Most of Snap On's value examination focuses on studying past and present price action to predict the probability of Snap On's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snap On's price. Additionally, you may evaluate how the addition of Snap On to your portfolios can decrease your overall portfolio volatility.
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Is Snap On's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snap On. If investors know Snap will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snap On listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.067 | Dividend Share 6.96 | Earnings Share 19.08 | Revenue Per Share 96.776 | Quarterly Revenue Growth 0.005 |
The market value of Snap On is measured differently than its book value, which is the value of Snap that is recorded on the company's balance sheet. Investors also form their own opinion of Snap On's value that differs from its market value or its book value, called intrinsic value, which is Snap On's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Snap On's market value can be influenced by many factors that don't directly affect Snap On's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Snap On's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snap On is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snap On's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.