Barnes Group Inc
NYSE:B
Intrinsic Value
Barnes Group, Inc. engages in the provision of engineered products, industrial technologies and solutions. [ Read More ]
The intrinsic value of one B stock under the Base Case scenario is 54.35 USD. Compared to the current market price of 37.15 USD, Barnes Group Inc is Undervalued by 32%.
Valuation Backtest
Barnes Group Inc
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Fundamental Analysis
Sales Up, Divestiture, and Aerospace Focus
2023-Q4 Earnings Call
The company posted a 33% increase in Q4 sales at $416 million with organic growth of 2%, and introduced adjusted EBITDA metrics for enhanced transparency in reporting. A divestiture of businesses generating $200 million in 2023 is set to refocus the portfolio towards aerospace, promising higher margins and growth. Aerospace segment sales surged 96% to $213 million, with a 69% increase in adjusted EBITDA. The industrial segment decreased 1%, with lower sales volumes impacting results. Despite additional interest expenses from the MB Aerospace acquisition, net income per share was $0.41. Looking ahead, a 2024 guidance indicates a 12% to 16% increase in total sales, with aerospace expected to grow over 55%, contributing to low double-digit organic sales growth.
Balance Sheet Decomposition
Barnes Group Inc
Current Assets | 906.7m |
Cash & Short-Term Investments | 89.8m |
Receivables | 413.6m |
Other Current Assets | 403.3m |
Non-Current Assets | 2.4B |
PP&E | 402.7m |
Intangibles | 1.9B |
Other Non-Current Assets | 108.5m |
Current Liabilities | 396.6m |
Accounts Payable | 164.3m |
Accrued Liabilities | 179m |
Short-Term Debt | 16k |
Other Current Liabilities | 53.3m |
Non-Current Liabilities | 1.5B |
Long-Term Debt | 1.3B |
Other Non-Current Liabilities | 269.2m |
Earnings Waterfall
Barnes Group Inc
Revenue
|
1.5B
USD
|
Cost of Revenue
|
-1B
USD
|
Gross Profit
|
442.1m
USD
|
Operating Expenses
|
-340.9m
USD
|
Operating Income
|
101.1m
USD
|
Other Expenses
|
-85.1m
USD
|
Net Income
|
16m
USD
|
Free Cash Flow Analysis
Barnes Group Inc
What is Free Cash Flow?
B Profitability Score
Profitability Due Diligence
Barnes Group Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
Score
Barnes Group Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
B Solvency Score
Solvency Due Diligence
Barnes Group Inc's solvency score is 36/100. The higher the solvency score, the more solvent the company is.
Score
Barnes Group Inc's solvency score is 36/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
B Price Targets Summary
Barnes Group Inc
According to Wall Street analysts, the average 1-year price target for B is 38.08 USD with a low forecast of 34.34 USD and a high forecast of 45.15 USD.
Ownership
B Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
B Price
Barnes Group Inc
Average Annual Return | -2.66% |
Standard Deviation of Annual Returns | 19.78% |
Max Drawdown | -69% |
Market Capitalization | 1.9B USD |
Shares Outstanding | 50 696 500 |
Percentage of Shares Shorted | 3.05% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Barnes Group, Inc. engages in the provision of engineered products, industrial technologies and solutions. The company is headquartered in Bristol, Connecticut and currently employs 5,100 full-time employees. The firm operates through two segments: Industrial and Aerospace. The Industrial segment is engaged in the manufacturing of precision parts, products and systems for applications serving a customer base in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices. This segment includes the molding solutions, force and motion control, automation and engineered components business units. The Aerospace segment is engaged in the manufacturing of complex fabricated and precision-machined components and assemblies for turbine engines, nacelles and structures for both commercial and defense-related aircraft. The Company’s aftermarket business includes maintenance repair and overhaul (MRO) services and the manufacture and delivery of aerospace aftermarket spare parts.
Contact
IPO
Employees
Officers
The intrinsic value of one B stock under the Base Case scenario is 54.35 USD.
Compared to the current market price of 37.15 USD, Barnes Group Inc is Undervalued by 32%.