cummins inc. - CMI

CMI

Close Chg Chg %
367.04 4.09 1.11%

Open Market

371.13

+4.09 (1.11%)

Volume: 104.86K

Last Updated:

Nov 22, 2024, 12:27 PM EDT

Company Overview: cummins inc. - CMI

CMI Key Data

Open

$367.57

Day Range

366.06 - 371.81

52 Week Range

220.10 - 370.55

Market Cap

$50.60B

Shares Outstanding

137.18M

Public Float

134.96M

Beta

0.97

Rev. Per Employee

N/A

P/E Ratio

24.49

EPS

$15.21

Yield

185.98%

Dividend

$1.82

EX-DIVIDEND DATE

Nov 22, 2024

SHORT INTEREST

N/A

AVERAGE VOLUME

612.91K

 

CMI Performance

1 Week
 
-0.25%
 
1 Month
 
9.65%
 
3 Months
 
16.70%
 
1 Year
 
60.07%
 
5 Years
 
100.36%
 

CMI Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 21
Full Ratings ➔

About cummins inc. - CMI

Cummins, Inc. engages in the design, manufacture, and distribution of diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies, and fuel cell products. It operates through the following segments: Engine, Distribution, Components, Power Systems, and Accelera. The Engine segment manufactures and markets diesel and natural gas-powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. The Distribution segment includes power generation systems, high-horsepower engines, heavy-duty and medium-duty engines designed for on- and off-highway use, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair service. The Components segment supplies products including axles, drivelines, brakes and suspension systems for commercial diesel and natural gas applications, aftertreatment systems, turbochargers, fuel systems, valvetrain technologies, filtration products, automated transmissions, and electronics. The Power Systems segment engages in power generation, industrial, and generator technologies. The Accelera segment designs, manufactures, sells, and supports hydrogen production technologies, as well as electrified power systems, including battery, fuel cell, and electric powertrain technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.

CMI At a Glance

Cummins, Inc.
500 Jackson Street
Columbus, Indiana 47202-3005
Phone 1-812-377-5000 Revenue 34.05B
Industry Auto Parts: OEM Net Income 735.00M
Sector Producer Manufacturing 2023 Sales Growth 21.279%
Fiscal Year-end 12 / 2024 Employees 75,500
View SEC Filings

CMI Valuation

P/E Current 23.962
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 46.512
Price to Sales Ratio 1.004
Price to Book Ratio 3.839
Price to Cash Flow Ratio 8.62
Enterprise Value to EBITDA 9.256
Enterprise Value to Sales 1.166
Total Debt to Enterprise Value 0.182

CMI Efficiency

Revenue/Employee 450,966.887
Income Per Employee 9,735.099
Receivables Turnover 5.717
Total Asset Turnover 1.093

CMI Liquidity

Current Ratio 1.178
Quick Ratio 0.738
Cash Ratio 0.212

CMI Profitability

Gross Margin 23.787
Operating Margin 9.592
Pretax Margin 4.776
Net Margin 2.159
Return on Assets 2.359
Return on Equity 8.247
Return on Total Capital 4.577
Return on Invested Capital 5.275

CMI Capital Structure

Total Debt to Total Equity 81.446
Total Debt to Total Capital 44.887
Total Debt to Total Assets 22.521
Long-Term Debt to Equity 58.486
Long-Term Debt to Total Capital 32.233
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Cummins Inc. - CMI

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
19.81B 24.02B 28.07B 34.05B
Sales Growth
-15.95% +21.25% +16.87% +21.28%
Cost of Goods Sold (COGS) incl D&A
14.94B 18.35B 21.43B 25.95B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
670.00M 662.00M 784.00M 1.02B
Depreciation
505.00M 518.00M 561.00M 700.00M
Amortization of Intangibles
165.00M 144.00M 223.00M 324.00M
COGS Growth
-15.17% +22.82% +16.77% +21.12%
Gross Income
4.87B 5.67B 6.65B 8.10B
Gross Income Growth
-18.26% +16.44% +17.20% +21.81%
Gross Profit Margin
+24.59% +23.62% +23.68% +23.79%
2020 2021 2022 2023 5-year trend
SG&A Expense
3.03B 3.46B 3.96B 4.83B
Research & Development
906.00M 1.09B 1.28B 1.50B
Other SG&A
2.13B 2.37B 2.69B 3.33B
SGA Growth
-12.27% +14.29% +14.46% +21.89%
Other Operating Expense
- - - -
-
Unusual Expense
20.00M 12.00M 106.00M (9.00M)
EBIT after Unusual Expense
1.82B 2.20B 2.58B 3.27B
Non Operating Income/Expense
634.00M 665.00M 440.00M (1.27B)
Non-Operating Interest Income
21.00M 25.00M 49.00M 95.00M
Equity in Earnings of Affiliates
452.00M 506.00M 349.00M 483.00M
Interest Expense
117.00M 111.00M 199.00M 375.00M
Interest Expense Growth
-2.50% -5.13% +79.28% +88.44%
Gross Interest Expense
119.00M 113.00M 204.00M 383.00M
Interest Capitalized
2.00M 2.00M 5.00M 8.00M
Pretax Income
2.34B 2.75B 2.82B 1.63B
Pretax Income Growth
-17.50% +17.66% +2.47% -42.32%
Pretax Margin
+11.80% +11.45% +10.04% +4.78%
Income Tax
527.00M 587.00M 636.00M 786.00M
Income Tax - Current - Domestic
145.00M 261.00M 425.00M 611.00M
Income Tax - Current - Foreign
358.00M 319.00M 485.00M 632.00M
Income Tax - Deferred - Domestic
2.00M (12.00M) (229.00M) (468.00M)
Income Tax - Deferred - Foreign
22.00M 19.00M (45.00M) 11.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
452.00M 506.00M 349.00M 483.00M
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
1.81B 2.16B 2.18B 840.00M
Minority Interest Expense
22.00M 33.00M 32.00M 105.00M
Net Income
1.79B 2.13B 2.15B 735.00M
Net Income Growth
-20.84% +19.12% +0.94% -65.83%
Net Margin Growth
+9.03% +8.87% +7.66% +2.16%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
1.79B 2.13B 2.15B 735.00M
Preferred Dividends
- - - -
-
Net Income Available to Common
1.79B 2.13B 2.15B 735.00M
EPS (Basic)
12.0715 14.7372 15.2014 5.187
EPS (Basic) Growth
-17.00% +22.08% +3.15% -65.88%
Basic Shares Outstanding
148.20M 144.60M 141.50M 141.70M
EPS (Diluted)
12.0067 14.6059 15.116 5.1507
EPS (Diluted) Growth
-17.07% +21.65% +3.49% -65.93%
Diluted Shares Outstanding
149.00M 145.90M 142.30M 142.70M
EBITDA
2.51B 2.87B 3.47B 4.29B
EBITDA Growth
-20.89% +14.34% +20.79% +23.70%
EBITDA Margin
+12.67% +11.95% +12.35% +12.60%

Snapshot

Average Recommendation HOLD Average Target Price 370.04
Number of Ratings 21 Current Quarters Estimate 4.70
FY Report Date 12 / 2024 Current Year's Estimate 20.462
Last Quarter’s Earnings 5.86 Median PE on CY Estimate N/A
Year Ago Earnings 19.69 Next Fiscal Year Estimate 22.126
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 17 6 19 20
Mean Estimate 4.70 5.03 20.46 22.13
High Estimates 5.34 5.78 21.55 25.65
Low Estimate 3.89 4.50 18.30 19.30
Coefficient of Variance 7.14 8.44 4.60 6.60

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 7 6 6
OVERWEIGHT 0 0 0
HOLD 11 14 14
UNDERWEIGHT 2 2 2
SELL 1 1 1
MEAN Hold Hold Hold

Insider Actions for Cummins Inc. - CMI

Date Name Shares Transaction Value
Nov 13, 2024 Sharon R. Barner VP - Chief Administrative Off. 6,327 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Nov 13, 2024 Sharon R. Barner VP - Chief Administrative Off. 22,003 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $357.67 per share 7,869,813.01
Nov 13, 2024 Sharon R. Barner VP - Chief Administrative Off. 22,704 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $359.75 per share 8,167,764.00
Nov 13, 2024 Sharon R. Barner VP - Chief Administrative Off. 22,804 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $163.43 per share 3,726,857.72
Nov 13, 2024 Sharon R. Barner VP - Chief Administrative Off. 20,803 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $357.04 per share 7,427,503.12
Nov 13, 2024 Sharon R. Barner VP - Chief Administrative Off. 20,965 Bona fide gift 0.00
Nov 13, 2024 Sharon R. Barner VP - Chief Administrative Off. 21,035 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $163.43 per share 3,437,750.05
Nov 13, 2024 Sharon R. Barner VP - Chief Administrative Off. 4,326 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Nov 13, 2024 Sharon R. Barner VP - Chief Administrative Off. 20,803 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $358.76 per share 7,463,284.28
Sep 13, 2024 Ashwath Ram V.P. - Supply Chain 155 Discretionary transaction in accordance with Rule 16b-3(f) resulting in acq or disposition of issuer shs Non-derivative transaction at $295.22 per share 45,759.10
Aug 21, 2024 Srikanth Padmanabhan President - Engine Busines 39,112 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $149.72 per share 5,855,848.64
Aug 21, 2024 Srikanth Padmanabhan President - Engine Busines N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Aug 21, 2024 Srikanth Padmanabhan President - Engine Busines 30,121 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $301.65 per share 9,085,999.65
May 24, 2024 Amy R. Davis VP & Pres. - New Power 10,695 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $135.22 per share 1,446,177.90
May 24, 2024 Amy R. Davis VP & Pres. - New Power 9,481 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $283.9 per share 2,691,655.90
May 24, 2024 Amy R. Davis VP & Pres. - New Power 10,314 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $283.9 per share 2,928,144.60
May 24, 2024 Amy R. Davis VP & Pres. - New Power 10,825 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $149.72 per share 1,620,719.00
May 24, 2024 Amy R. Davis VP & Pres. - New Power 685 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 24, 2024 Amy R. Davis VP & Pres. - New Power 10,729 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $283.9 per share 3,045,963.10
May 24, 2024 Amy R. Davis VP & Pres. - New Power 10,110 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $109.09 per share 1,102,899.90

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