XNYSESAB
Market cap7.31bUSD
Dec 23, Last price
121.01USD
1D
0.28%
1Q
14.28%
IPO
169.63%
Name
ESAB Corp
Chart & Performance
P/E
35.63
P/S
2.64
EPS
3.40
Div Yield, %
0.18%
Shrs. gr., 5y
—
Rev. gr., 5y
%
Revenues
2.77b
+6.99%
Net income
205m
-8.25%
CFO
330m
+54.18%
Dividend
Sep 27, 20240.08 USD/sh
Earnings
Feb 26, 2025
Profile
ESAB Corporation formulates, develops, manufactures, and supplies consumable products and equipment for use in cutting, joining, and automated welding, as well as gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables, including electrodes, nozzles, shields, and tips. The company's fabrication technology equipment ranges from portable welding machines to large customized automated cutting and welding systems. It also offers a range of digital software and solutions to help its customers increase their productivity, remotely monitor their welding operations, and digitize their documentation. The company sells its products under the ESAB brand to various end markets, including general industry, construction, infrastructure, transportation, energy, renewable energy, and medical and life sciences. It offers its products through independent distributors and direct salespeople. ESAB Corporation was incorporated in 2021 and is based in Wilmington, Delaware.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | |
| Income | |||||
Revenues | 2,774,766 6.99% | 2,593,480 6.81% | 2,428,115 24.51% | ||
Cost of revenue | 1,797,815 | 1,743,950 | 2,131,439 | ||
Unusual Expense (Income) | |||||
NOPBT | 976,951 | 849,530 | 296,676 | ||
NOPBT Margin | 35.21% | 32.76% | 12.22% | ||
Operating Taxes | 95,727 | 69,170 | 80,409 | ||
Tax Rate | 9.80% | 8.14% | 27.10% | ||
NOPAT | 881,224 | 780,360 | 216,267 | ||
Net income | 205,285 -8.25% | 223,747 -4.83% | 235,110 49.36% | ||
Dividends | (13,342) | (6,054) | |||
Dividend yield | 0.25% | 0.21% | |||
Proceeds from repurchase of equity | |||||
BB yield | |||||
| Debt | |||||
Debt current | 22,794 | 18,664 | 20,467 | ||
Long-term debt | 1,194,069 | 1,313,470 | 198,021 | ||
Deferred revenue | |||||
Other long-term liabilities | 466,224 | 545,339 | 274,168 | ||
Net debt | 1,105,338 | 1,245,768 | 177,279 | ||
| Cash flow | |||||
Cash from operating activities | 330,494 | 214,358 | 250,737 | ||
CAPEX | (48,178) | (40,243) | (35,584) | ||
Cash from investing activities | (62,243) | (184,423) | (35,265) | ||
Cash from financing activities | (219,717) | 7,557 | (221,571) | ||
FCF | 800,559 | 816,018 | 187,372 | ||
| Balance | |||||
Cash | 102,003 | 72,024 | 41,209 | ||
Long term investments | 9,522 | 14,342 | |||
Excess cash | |||||
Stockholders' equity | (233,397) | (477,446) | 2,501,728 | ||
Invested Capital | 3,464,738 | 3,598,935 | 2,826,220 | ||
ROIC | 24.95% | 24.29% | 7.56% | ||
ROCE | 30.23% | 27.22% | 10.50% | ||
| EV | |||||
Common stock shares outstanding | 60,656 | 60,153 | 60,034 | ||
Price | 86.62 84.61% | 46.92 | |||
Market cap | 5,254,001 86.15% | 2,822,382 | |||
EV | 6,399,597 | 4,106,401 | |||
EBITDA | 1,046,651 | 915,508 | 372,575 | ||
EV/EBITDA | 6.11 | 4.49 | |||
Interest | 85,074 | 37,950 | |||
Interest/NOPBT | 8.71% | 4.47% | |||