Curtiss Wright Shares Outstanding vs. Beta

CW Stock  USD 255.94  2.37  0.93%   
Based on Curtiss Wright's profitability indicators, Curtiss Wright may not be well positioned to generate adequate gross income at the present time. It has a very high chance of underperforming in April. Profitability indicators assess Curtiss Wright's ability to earn profits and add value for shareholders. At this time, Curtiss Wright's Price To Sales Ratio is fairly stable compared to the past year. Price Sales Ratio is likely to climb to 3.15 in 2024, whereas Operating Cash Flow Sales Ratio is likely to drop 0.14 in 2024. At this time, Curtiss Wright's Operating Income is fairly stable compared to the past year. Income Before Tax is likely to climb to about 486.2 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (20.5 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.40.3751
Notably Up
Slightly volatile
Net Profit Margin0.09720.1246
Significantly Down
Slightly volatile
Operating Profit Margin0.0960.1703
Way Down
Slightly volatile
Pretax Profit Margin0.140.1627
Fairly Down
Slightly volatile
Return On Assets0.0690.0767
Moderately Down
Slightly volatile
Return On Equity0.0960.1523
Way Down
Slightly volatile
For Curtiss Wright profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Curtiss Wright to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Curtiss Wright utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Curtiss Wright's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Curtiss Wright over time as well as its relative position and ranking within its peers.
  
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Is Curtiss Wright'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 Curtiss Wright. If investors know Curtiss 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 Curtiss Wright 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
0.099
Dividend Share
0.79
Earnings Share
9.19
Revenue Per Share
74.325
Quarterly Revenue Growth
0.037
The market value of Curtiss-Wright is measured differently than its book value, which is the value of Curtiss that is recorded on the company's balance sheet. Investors also form their own opinion of Curtiss Wright's value that differs from its market value or its book value, called intrinsic value, which is Curtiss Wright'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 Curtiss Wright's market value can be influenced by many factors that don't directly affect Curtiss Wright'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 Curtiss Wright's value and its price as these two are different measures arrived at by different means. Investors typically determine if Curtiss Wright is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Curtiss Wright'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.

Curtiss-Wright Beta vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Curtiss Wright's current stock value. Our valuation model uses many indicators to compare Curtiss Wright value to that of its competitors to determine the firm's financial worth.
Curtiss Wright is rated fourth in shares outstanding category among related companies. It is rated third in beta category among related companies . The ratio of Shares Outstanding to Beta for Curtiss Wright is about  32,578,723 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Curtiss Wright by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Curtiss Wright's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Curtiss Wright's earnings, one of the primary drivers of an investment's value.

Curtiss Beta vs. Shares Outstanding

Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Curtiss Wright

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
38.28 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Curtiss Wright

Beta

 = 

Covariance

Variance

 = 
1.18
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Curtiss Beta Comparison

Curtiss Wright is currently under evaluation in beta category among related companies.

Beta Analysis

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Curtiss Wright will likely underperform.

Curtiss Wright Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Curtiss Wright, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Curtiss Wright will eventually generate negative long term returns. The profitability progress is the general direction of Curtiss Wright's change in net profit over the period of time. It can combine multiple indicators of Curtiss Wright, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for 2024
Accumulated Other Comprehensive Income-213.2 M-202.6 M
Operating Income484.6 M508.8 M
Income Before Tax463.1 M486.2 M
Total Other Income Expense Net-21.5 M-20.5 M
Net Income354.5 M372.2 M
Income Tax Expense108.6 M114 M
Net Income Applicable To Common Shares338.5 M355.4 M
Net Income From Continuing Ops354.5 M282.9 M
Non Operating Income Net Other14.6 M15.4 M
Interest Income54 M42.2 M
Net Interest Income-51.4 M-54 M
Change To Netincome-9.5 M-9 M
Net Income Per E B T 0.77  0.43 

Curtiss Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Curtiss Wright. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Curtiss Wright position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Curtiss Wright's important profitability drivers and their relationship over time.

Use Curtiss Wright in pair-trading

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 Curtiss Wright 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 Curtiss Wright will appreciate offsetting losses from the drop in the long position's value.

Curtiss Wright Pair Trading

Curtiss Wright Pair Trading Analysis

The ability to find closely correlated positions to Curtiss Wright could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Curtiss Wright 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 Curtiss Wright - 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 Curtiss Wright to buy it.
The correlation of Curtiss Wright 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 Curtiss Wright moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Curtiss-Wright 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 Curtiss Wright 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

Use Investing Themes to Complement your Curtiss Wright position

In addition to having Curtiss Wright 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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When determining whether Curtiss-Wright is a strong investment it is important to analyze Curtiss Wright's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Curtiss Wright's future performance. For an informed investment choice regarding Curtiss Stock, refer to the following important reports:
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For more information on how to buy Curtiss Stock please use our How to Invest in Curtiss Wright guide.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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To fully project Curtiss Wright's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Curtiss-Wright at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Curtiss Wright's income statement, its balance sheet, and the statement of cash flows.
Potential Curtiss Wright investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Curtiss Wright investors may work on each financial statement separately, they are all related. The changes in Curtiss Wright's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Curtiss Wright's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.