Cummins Stock Filter Stocks by Fundamentals
| CMI Stock | USD 295.78 2.85 0.95% |
Cummins fundamentals help investors to digest information that contributes to Cummins' financial success or failures. It also enables traders to predict the movement of Cummins Stock. The fundamental analysis module provides a way to measure Cummins' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cummins stock.
| Last Reported | Projected for Next Year | ||
| Debt To Equity | 0.81 | 0.59 |
Cummins | Debt to Equity |
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Cummins ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Cummins' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cummins' managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Cummins Fundamentals
| Return On Equity | 0.0835 | ||||
| Return On Asset | 0.0692 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 48 B | ||||
| Shares Outstanding | 136.76 M | ||||
| Shares Owned By Insiders | 0.40 % | ||||
| Shares Owned By Institutions | 89.17 % | ||||
| Number Of Shares Shorted | 2.75 M | ||||
| Price To Earning | 18.70 X | ||||
| Price To Book | 4.61 X | ||||
| Price To Sales | 1.20 X | ||||
| Revenue | 34.06 B | ||||
| Gross Profit | 6.74 B | ||||
| EBITDA | 1.76 B | ||||
| Net Income | 840 M | ||||
| Cash And Equivalents | 2.1 B | ||||
| Cash Per Share | 21.02 X | ||||
| Total Debt | 7.21 B | ||||
| Debt To Equity | 0.91 % | ||||
| Current Ratio | 1.37 X | ||||
| Book Value Per Share | 62.41 X | ||||
| Cash Flow From Operations | 3.97 B | ||||
| Short Ratio | 0.41 X | ||||
| Earnings Per Share | 5.14 X | ||||
| Price To Earnings To Growth | 0.75 X | ||||
| Target Price | 286.87 | ||||
| Number Of Employees | 75.5 K | ||||
| Beta | 1.04 | ||||
| Market Capitalization | 40.84 B | ||||
| Total Asset | 32.01 B | ||||
| Retained Earnings | 17.85 B | ||||
| Working Capital | 2.29 B | ||||
| Current Asset | 7.95 B | ||||
| Current Liabilities | 3.8 B | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 2.72 % | ||||
| Net Asset | 32.01 B | ||||
| Last Dividend Paid | 6.5 |
About Cummins Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cummins's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cummins using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cummins based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Cummins Investors Sentiment
The influence of Cummins' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cummins. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cummins' public news can be used to forecast risks associated with an investment in Cummins. The trend in average sentiment can be used to explain how an investor holding Cummins can time the market purely based on public headlines and social activities around Cummins. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cummins' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cummins' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cummins' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cummins.
Cummins Implied Volatility | 38.93 |
Cummins' implied volatility exposes the market's sentiment of Cummins stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cummins' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cummins stock will not fluctuate a lot when Cummins' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cummins in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cummins' short interest history, or implied volatility extrapolated from Cummins options trading.
Pair Trading with Cummins
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cummins position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cummins will appreciate offsetting losses from the drop in the long position's value.Moving together with Cummins Stock
| 0.76 | B | Barnes Group Financial Report 25th of April 2024 | PairCorr |
| 0.89 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
| 0.78 | HI | Hillenbrand Financial Report 13th of May 2024 | PairCorr |
| 0.94 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
Moving against Cummins Stock
| 0.94 | ATS | ATS Corporation | PairCorr |
| 0.66 | RR | Richtech Robotics Class | PairCorr |
The ability to find closely correlated positions to Cummins could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cummins when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cummins - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cummins to buy it.
The correlation of Cummins is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cummins moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cummins moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cummins can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cummins Piotroski F Score and Cummins Altman Z Score analysis. For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Cummins Stock analysis
When running Cummins' price analysis, check to measure Cummins' 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 Cummins is operating at the current time. Most of Cummins' value examination focuses on studying past and present price action to predict the probability of Cummins' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cummins' price. Additionally, you may evaluate how the addition of Cummins to your portfolios can decrease your overall portfolio volatility.
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Is Cummins' 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 Cummins. If investors know Cummins 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 Cummins 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 0.628 | Dividend Share 6.5 | Earnings Share 5.14 | Revenue Per Share 240.402 | Quarterly Revenue Growth 0.099 |
The market value of Cummins is measured differently than its book value, which is the value of Cummins that is recorded on the company's balance sheet. Investors also form their own opinion of Cummins' value that differs from its market value or its book value, called intrinsic value, which is Cummins' 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 Cummins' market value can be influenced by many factors that don't directly affect Cummins' 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 Cummins' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cummins is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cummins' 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.