Now trading at a price of $80.42, Ingersoll Rand has moved -1.3% so far today.
Ingersoll Rand returned losses of -10.5% last year, with its stock price reaching a high of $106.03 and a low of $79.79. Over the same period, the stock underperformed the S&P 500 index by -19.2%. AThe company's 50-day average price was $88.84. Ingersoll Rand Inc. provides various mission-critical air, fluid, energy, and medical technologies services and solutions worldwide. Based in Davidson, NC, the Large-Cap Industrials company has 21,000 full time employees. Ingersoll Rand has offered a 0.1% dividend yield over the last 12 months.
Wider Gross Margins Than the Industry Average of 35.27%:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $2,690 | $2,018 | $3,973 | $5,152 | $5,916 | $6,876 |
| Gross Margins | 38% | 39% | 35% | 39% | 39% | 42% |
| Net Margins | 10% | 8% | -1% | 11% | 10% | 11% |
| Net Income (M) | $269 | $159 | -$33 | $562 | $605 | $779 |
| Net Interest Expense (M) | $100 | $88 | $111 | $88 | $103 | $157 |
| Depreciation & Amort. (M) | $126 | $105 | $335 | $333 | $348 | $368 |
| Diluted Shares (M) | 209 | 209 | 383 | 421 | 410 | 409 |
| Earnings Per Share | $1.29 | $0.76 | -$0.09 | $1.34 | $1.47 | $1.9 |
| EPS Growth | n/a | -41.09% | -111.84% | 1588.89% | 9.7% | 29.25% |
| Free Cash Flow (M) | $392 | $305 | $872 | $564 | $771 | $1,272 |
| CAPEX (M) | $52 | $38 | $42 | $64 | $95 | $105 |
| Total Debt (M) | $3,328 | $3,208 | $7,718 | $3,441 | $2,753 | $2,724 |
| Net Debt / EBITDA | 5.46 | 9.03 | 15.12 | 1.48 | 0.98 | 0.74 |
| Current Ratio | 2.23 | 2.69 | 2.58 | 2.8 | 2.37 | 2.22 |
Ingersoll Rand benefits from rapidly growing revenues and increasing reinvestment in the business, generally positive cash flows, and an excellent current ratio of 2.22. The company's financial statements show wider gross margins than its peer group and positive EPS growth. However, the firm has a highly leveraged balance sheet.
Ingersoll Rand's Valuation Is in Line With Its Sector Averages:
Ingersoll Rand has a trailing twelve month P/E ratio of 43.1, compared to an average of 25.42 for the Industrials sector. Based on its EPS guidance of $3.54, the company has a forward P/E ratio of 25.1. Ingersoll Rand's PEG ratio is 3.62 on the basis of the 11.9% weighted average of the company and the broader market's EPS compound average growth rates. This suggests that the company's shares are overvalued. In contrast, the market is likely undervaluing Ingersoll Rand in terms of its equity because its P/B ratio is 3.18 while the sector average is 3.2. The company's shares are currently trading 151.5% below their Graham number.
Ingersoll Rand Has an Analyst Consensus of Some Upside Potential:
The 16 analysts following Ingersoll Rand have set target prices ranging from $82.17 to $114.0 per share, for an average of $99.95 with a buy rating. The company is trading -19.5% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Ingersoll Rand has an average amount of shares sold short because 2.4% of the company's shares are sold short. Institutions own 100.0% of the company's shares, and the insider ownership rate stands at 0.25%, suggesting a small amount of insider investors. The largest shareholder is Vanguard Group Inc, whose 11% stake in the company is worth $3,674,137,126.
