Now trading at a price of $14.15, Park-Ohio has moved 1.1% so far today on a volume of 7,919, compared to its average of 22,414. In contrast, the S&P 500 index moved 0.4%.
Park-Ohio shares moved -36.7% over the last 52 weeks, with a high of $23.47 and a low of $9.23. During this time, the stock lagged the S&P 500 index by -24.1%. As of January 2022, the company's 50-day average price is $13.0856.
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. The small-cap Industrials company has 6,900 full time employees and is based in Cleveland, OH. Park-Ohio has returned a 3.6% dividend yield over the last 12 months.
Snapshot of the Company's Lack of Profitability and Highly Leveraged Balance Sheet:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | |
|---|---|---|---|
| Revenue (MM) | $1,618 | $1,295 | $1,438 |
| Revenue Growth | n/a | -19.97% | 11.03% |
| Gross Margins | 16.1% | 13.0% | 10.9% |
| Gross Margins Growth | n/a | -19.25% | -16.15% |
| Operating Margins | 5.1% | 1.2% | -1.5% |
| Operating Margins Growth | n/a | -76.47% | -225.0% |
| Earnings Per Share | $3.12 | -$0.37 | -$2.07 |
| EPS Growth | n/a | -111.86% | -459.46% |
| Free Cash Flow (MM) | $24 | $43 | -$74 |
| FCF Growth | n/a | 82.2% | -273.02% |
| Capital Expenditures (MM) | -$40 | -$26 | -$31 |
| Net Debt / EBITDA | 4.21 | 8.09 | 21.0 |
Park-Ohio has negative earnings for the current period, so its trailing twelve month P/E ratio is not meaningful. But based on its EPS guidance of 2.55, the company has a forward P/E ratio of 5.5. In contrast, the Industrials sector's average P/E ratio is 21.46.
Park-Ohio is undervalued in terms of its assets because its P/B ratio is 0.6 compared to its sector average of 3.7.
Park-Ohio Benefits From Positive Market Indicators:
The only analyst following Park-Ohio has set a target price of $31 per share, which is -54.35% away from its current price. This analyst rates the stock as hold.
The company has a very low short interest since 0.8% of the company's shares are tied to short positions. Institutions own 47.7% of Park-Ohio's shares, while the insider ownership rate stands at 33.61%. The biggest shareholder is Private Management Group, Inc. with a 7% stake in the company worth approximately $13,512,754.
