Cummins Stock EBITDA

CMI Stock  USD 294.69  2.87  0.98%   
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.
The current EBITDA is estimated to decrease to about 1.4 B.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Cummins EBITDA Analysis

Cummins' EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.

Cummins Ebitda

1.36 Billion

EBITDA

 = 

Revenue

-

Basic Expenses

More About EBITDA | All Equity Analysis

Current Cummins EBITDA

    
  1.76 B  
Most of Cummins' fundamental indicators, such as EBITDA, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cummins is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Cummins EBITDA Driver Correlations

Understanding the fundamental principles of building solid financial models for Cummins is extremely important. It helps to project a fair market value of Cummins Stock properly, considering its historical fundamentals such as EBITDA. Since Cummins' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Cummins' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Cummins' interrelated accounts and indicators.
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Cummins EBITDA Historical Pattern

Today, most investors in Cummins Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cummins' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's ebitda growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Cummins ebitda as a starting point in their analysis.
   Cummins EBITDA   
       Timeline  
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Competition

Cummins Ebitda

Ebitda

1.36 Billion

As of now, Cummins' EBITDA is increasing as compared to previous years.
According to the company disclosure, Cummins reported earnings before interest,tax, depreciation and amortization of 1.76 B. This is 202.29% higher than that of the Machinery sector and significantly higher than that of the Industrials industry. The ebitda for all United States stocks is 54.83% higher than that of the company.

Cummins EBITDA Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cummins' direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cummins could also be used in its relative valuation, which is a method of valuing Cummins by comparing valuation metrics of similar companies.
Cummins is currently under evaluation in ebitda category among related companies.

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 Institutional Holders

Institutional Holdings refers to the ownership stake in Cummins that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cummins' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cummins' value.
Shares
Ameriprise Financial Inc2023-12-31
1.7 M
Dimensional Fund Advisors, Inc.2023-12-31
1.7 M
Legal & General Group Plc2023-12-31
1.6 M
Stifel Financial Corp2023-12-31
1.6 M
Ontario Teachers Pension Plan Board2023-12-31
1.4 M
Lsv Asset Management2023-12-31
1.4 M
Hotchkis & Wiley Capital Management Llc2023-12-31
1.4 M
Ubs Asset Mgmt Americas Inc2023-12-31
1.3 M
Norges Bank2023-12-31
1.2 M
Vanguard Group Inc2023-12-31
17.8 M
Blackrock Inc2023-12-31
11.5 M

Cummins Fundamentals

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.
Last ReportedProjected for 2024
EBITDA1.8 B1.4 B

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

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Moving against Cummins Stock

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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.
Pair CorrelationCorrelation Matching
When determining whether Cummins offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cummins' 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 Cummins Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cummins Stock:
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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

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.