Snap Competitors

SNA Stock  USD 296.94  5.97  2.05%   
Snap-On competes with RBC Bearings, Stanley Black, Toro, and QEP; as well as few others. The company runs under Machinery sector within Industrials industry. Analyzing Snap On competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Snap On to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Snap On Correlation with its peers.
For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Snap On competition on your existing holdings.
  
As of March 28, 2024, Return On Capital Employed is expected to decline to 0.18. In addition to that, Return On Assets is expected to decline to 0.07. At present, Snap On's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 4.1 B, whereas Non Currrent Assets Other are forecasted to decline to about 92.2 M.
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Snap On's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
295.35296.94298.53
Details
Intrinsic
Valuation
LowRealHigh
240.14241.73326.63
Details
Naive
Forecast
LowNextHigh
275.89277.48279.07
Details
13 Analysts
Consensus
LowTargetHigh
241.67265.57294.78
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Snap On. Your research has to be compared to or analyzed against Snap On's peers to derive any actionable benefits. When done correctly, Snap On's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Snap-On.

Snap On Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Snap On and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Snap and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Snap-On does not affect the price movement of the other competitor.
RBC
SWK
TTC
QEPC
RBC
0.540.56-0.61
RBC
SWK
0.540.07-0.25
SWK
TTC
0.560.07-0.54
TTC
QEPC
-0.61-0.25-0.54
QEPC
RBC
SWK
TTC
QEPC
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
TTCRBC
SWKRBC
TTCSWK
  
High negative correlations   
QEPCRBC
QEPCTTC
QEPCSWK

Risk-Adjusted Indicators

There is a big difference between Snap Stock performing well and Snap On Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Snap On's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Compare Snap-On and related stocks such as RBC Bearings rporated, Stanley Black Decker, and Toro Net Income Over Time
Select Fundamental
201020112012201320142015201620172018201920202021202220232024
RBC3.4 M50 M56.3 M60.2 M58.2 M63.9 M70.6 M87.1 M105.2 M120.3 M90.1 M42.7 M166.7 M187.2 M196.6 M
SWK78.3 M674.6 M883.8 M490.3 M760.9 M883.7 M965.3 M1.2 B645.3 M955.8 M1.2 B1.7 B170.3 M(296.2 M)(281.4 M)
TTC15.5 M129.5 M154.8 M173.9 M201.6 M231 M267.7 M271.9 M274 M329.7 M409.9 M443.3 M329.7 M379.2 M398.1 M

Snap-On and related stocks such as RBC Bearings rporated, Stanley Black Decker, and Toro Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Snap-On financial statement analysis. It represents the amount of money remaining after all of Snap On operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Snap On Competitive Analysis

The better you understand Snap On competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Snap On's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Snap On's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
SNARBCSWKTTCQEPC
 2.05 
 296.94 
Snap
 2.28 
 271.74 
RBC
 3.83 
 97.06 
Stanley
 1.02 
 90.10 
Toro
 3.58 
 25.55 
QEP
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(90 Days Market Risk)
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(90 Days Performance)
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(Probability Of Bankruptcy)
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(Equity Enterprise Value)
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Trade Advice
(90 Days Macroaxis Advice)
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Snap On Competition Performance Charts

Five steps to successful analysis of Snap On Competition

Snap On's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Snap-On in relation to its competition. Snap On's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Snap On in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Snap On's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Snap-On, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Snap On position

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.

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Apparel
Apparel Theme
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When determining whether Snap-On offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Snap On's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Snap On Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Snap On Stock:
Check out Snap On Correlation with its peers.
For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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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
0.076
Dividend Share
6.72
Earnings Share
18.77
Revenue Per Share
96.565
Quarterly Revenue Growth
0.04
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.