Cummins Inc. (CMI) – Leading strategically, even in challenging times

Cummins Inc. (CMI) (Q2FY23)

Stock Performance: Over the past 3 years, Cummins generated returns of 8% where the stock price surged from $212.79 in Sep 28, 2020 to $229.05 in Sep 26, 2023. It had a 200-Day Moving Average of $237.67 and a 50-Day Moving Average of $239.7.

In the past 1 year, CMI delivered returns of 9% where the stock price increased from $209.59 in Oct 03, 2022 to $229.05 in Sep 26, 2023. The stock had a 52 Week High of $265.28 and a 52 Week Low of $201.34.

Over the past 3 months, CMI generated returns of -4% where the stock price increased from $239.13 in Jun 28, 2023 to $229.05 in Sep 26, 2023.

Quarter Performance: In Q2FY23, CMI’s revenue grew by 31% to $8.64bn from $6.59bn in Q2FY22 and the COGS increased by 32% to $6.49bn from $4.9bn in the same period.

Guidance: For FY23, CMI expects its revenue to grow by 15% to 20% and the EBITDA margin to be in the range of 15% to 15.7%. Capital expenditures are expected to be in the range of $1.2bn to $1.3bn in FY23.

Highlights

Accelera is initially dedicating 89,000 square feet of the existing Cummins power generation facility in Fridley to electrolyzer production with the opportunity to expand to meet the growing demand.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 37

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