Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Crane Company (CR)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$24.40 - $32.29$28.51
Multi-Stage$44.71 - $49.41$47.01
Blended Fair Value$37.76
Current Price$184.14
Upside-79.49%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-12.83%-4.45%0.800.981.811.721.721.601.431.341.321.31
YoY Growth---18.15%-45.89%5.27%0.20%7.73%11.62%6.51%1.55%0.78%3.65%
Dividend Yield--0.52%0.73%2.43%1.59%1.83%3.25%1.66%1.45%1.77%2.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)365.90
(-) Cash Dividends Paid (M)51.50
(=) Cash Retained (M)314.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)73.1845.7427.44
Cash Retained (M)314.40314.40314.40
(-) Cash Required (M)-73.18-45.74-27.44
(=) Excess Retained (M)241.22268.66286.96
(/) Shares Outstanding (M)58.3558.3558.35
(=) Excess Retained per Share4.134.604.92
LTM Dividend per Share0.880.880.88
(+) Excess Retained per Share4.134.604.92
(=) Adjusted Dividend5.025.495.80
WACC / Discount Rate9.76%9.76%9.76%
Growth Rate-8.96%-7.96%-6.96%
Fair Value$24.40$28.51$32.29
Upside / Downside-86.75%-84.52%-82.47%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)365.90336.79309.99285.33262.63241.73248.99
Payout Ratio14.07%29.26%44.44%59.63%74.81%90.00%92.50%
Projected Dividends (M)51.5098.54137.78170.14196.49217.56230.31

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.76%9.76%9.76%
Growth Rate-8.96%-7.96%-6.96%
Year 1 PV (M)88.8189.7890.76
Year 2 PV (M)111.89114.36116.86
Year 3 PV (M)124.52128.67132.91
Year 4 PV (M)129.59135.38141.36
Year 5 PV (M)129.31136.57144.15
PV of Terminal Value (M)2,024.872,138.542,257.26
Equity Value (M)2,608.992,743.302,883.30
Shares Outstanding (M)58.3558.3558.35
Fair Value$44.71$47.01$49.41
Upside / Downside-75.72%-74.47%-73.17%

High-Yield Dividend Screener

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