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CATERPILLAR INC. |
Market Closed -
Other stock markets
|
|
5-day change | 1st Jan Change | |
| 259.5 USD | +0.81% | +1.07% | +8.32% | |
| Dec. 06 | Komatsu to raise prices, cut costs on firmer yen next year -CEO | RE |
| Dec. 04 | Caterpillar invests in tech startup Nth Cycle to boost recycling | RE |
Valuation
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 74 934 | 81 617 | 98 884 | 111 834 | 124 669 | 132 107 | - | - |
| Enterprise Value (EV) 1 | 103 630 | 110 990 | 126 695 | 140 369 | 149 336 | 162 492 | 158 087 | 150 790 |
| P/E ratio | 12,4x | 13,8x | 33,3x | 17,5x | 19,0x | 13,3x | 12,8x | 12,3x |
| Yield | 2,64% | 2,67% | 2,26% | 2,11% | 1,97% | 1,93% | 2,05% | 2,15% |
| Capitalization / Revenue | 1,37x | 1,52x | 2,37x | 2,19x | 2,10x | 1,97x | 1,94x | 1,88x |
| EV / Revenue | 1,89x | 2,06x | 3,03x | 2,75x | 2,51x | 2,42x | 2,32x | 2,15x |
| EV / EBITDA | 9,93x | 11,5x | 21,3x | 17,7x | 14,8x | 10,9x | 10,6x | 9,85x |
| EV / FCF | 19,2x | 18,9x | 23,7x | 23,0x | 23,0x | 17,0x | 16,7x | 15,2x |
| FCF Yield | 5,20% | 5,29% | 4,22% | 4,35% | 4,34% | 5,88% | 6,01% | 6,57% |
| Price to Book | 5,19x | 5,57x | 6,47x | 6,72x | 7,95x | 6,76x | 5,72x | 5,08x |
| Nbr of stocks (in thousands) | 589 707 | 552 658 | 543 258 | 540 942 | 520 409 | 509 085 | - | - |
| Reference price 2 | 127 | 148 | 182 | 207 | 240 | 260 | 260 | 260 |
| Announcement Date | 1/28/19 | 1/31/20 | 1/29/21 | 1/28/22 | 1/31/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 54 722 | 53 800 | 41 748 | 50 971 | 59 427 | 67 219 | 68 004 | 70 179 |
| EBITDA 1 | 10 436 | 9 683 | 5 951 | 7 913 | 10 096 | 14 912 | 14 892 | 15 306 |
| EBIT 1 | 8 293 | 8 290 | 4 553 | 6 878 | 7 433 | 13 193 | 13 066 | 13 514 |
| Operating Margin | 15,2% | 15,4% | 10,9% | 13,5% | 12,5% | 19,6% | 19,2% | 19,3% |
| Earnings before Tax (EBT) 1 | 7 822 | 7 812 | 3 995 | 8 204 | 8 752 | 12 743 | 13 057 | 13 564 |
| Net income 1 | 6 147 | 6 093 | 2 998 | 6 489 | 6 705 | 10 060 | 10 187 | 10 376 |
| Net margin | 11,2% | 11,3% | 7,18% | 12,7% | 11,3% | 15,0% | 15,0% | 14,8% |
| EPS 2 | 10,3 | 10,7 | 5,46 | 11,8 | 12,6 | 19,6 | 20,3 | 21,2 |
| Free Cash Flow 1 | 5 390 | 5 876 | 5 349 | 6 105 | 6 487 | 9 562 | 9 494 | 9 910 |
| FCF margin | 9,85% | 10,9% | 12,8% | 12,0% | 10,9% | 14,2% | 14,0% | 14,1% |
| FCF Conversion (EBITDA) | 51,6% | 60,7% | 89,9% | 77,2% | 64,3% | 64,1% | 63,8% | 64,7% |
| FCF Conversion (Net income) | 87,7% | 96,4% | 178% | 94,1% | 96,7% | 95,1% | 93,2% | 95,5% |
| Dividend per Share 2 | 3,36 | 3,95 | 4,12 | 4,36 | 4,71 | 5,00 | 5,32 | 5,58 |
| Announcement Date | 1/28/19 | 1/31/20 | 1/29/21 | 1/28/22 | 1/31/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period : December | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12 889 | 12 397 | 13 798 | 13 589 | 14 247 | 14 994 | 16 597 | 15 862 | 17 318 | 16 810 | 17 198 | 16 199 | 17 292 | 16 824 | 17 462 |
| EBITDA 1 | 2 042 | 1 961 | 1 863 | 2 086 | 2 189 | 2 691 | 3 130 | 3 567 | 3 929 | 3 820 | 3 547 | 3 671 | 3 775 | 3 640 | 3 569 |
| EBIT 1 | 1 789 | 1 664 | 1 611 | 1 728 | 1 944 | 2 425 | 1 629 | 2 731 | 3 652 | 3 449 | 3 051 | 3 268 | 3 359 | 3 252 | 3 015 |
| Operating Margin | 13,9% | 13,4% | 11,7% | 12,7% | 13,6% | 16,2% | 9,82% | 17,2% | 21,1% | 20,5% | 17,7% | 20,2% | 19,4% | 19,3% | 17,3% |
| Earnings before Tax (EBT) 1 | 1 870 | 1 775 | 2 562 | 1 999 | 2 096 | 2 558 | 2 099 | 2 634 | 3 652 | 3 515 | 3 093 | 3 361 | 3 441 | 3 342 | 3 124 |
| Net income 1 | 1 413 | 1 426 | 2 120 | 1 537 | 1 673 | 2 041 | 1 454 | 1 943 | 2 922 | 2 794 | 2 402 | 2 604 | 2 717 | 2 628 | 2 448 |
| Net margin | 11,0% | 11,5% | 15,4% | 11,3% | 11,7% | 13,6% | 8,76% | 12,2% | 16,9% | 16,6% | 14,0% | 16,1% | 15,7% | 15,6% | 14,0% |
| EPS 2 | 2,56 | 2,60 | 3,91 | 2,86 | 3,13 | 3,87 | 2,79 | 3,74 | 5,67 | 5,45 | 4,71 | 5,12 | 5,38 | 5,31 | 5,00 |
| Dividend per Share 2 | 1,11 | 1,11 | 1,11 | 1,11 | 1,20 | 1,20 | 1,20 | 1,20 | 1,30 | - | 1,28 | 1,29 | 1,30 | 1,33 | 1,33 |
| Announcement Date | 7/30/21 | 10/28/21 | 1/28/22 | 4/28/22 | 8/2/22 | 10/27/22 | 1/31/23 | 4/27/23 | 8/1/23 | 10/31/23 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 28 696 | 29 373 | 27 811 | 28 535 | 24 667 | 30 385 | 25 979 | 18 683 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2,75x | 3,03x | 4,67x | 3,61x | 2,44x | 2,04x | 1,74x | 1,22x |
| Free Cash Flow 1 | 5 390 | 5 876 | 5 349 | 6 105 | 6 487 | 9 562 | 9 494 | 9 910 |
| ROE (net income / shareholders' equity) | 48,3% | 42,6% | 20,0% | 37,3% | 45,4% | 56,6% | 46,6% | 41,9% |
| Shareholders' equity 1 | 12 726 | 14 314 | 14 959 | 17 401 | 14 779 | 17 762 | 21 873 | 24 742 |
| ROA (Net income/ Total Assets) | 8,65% | 7,76% | 3,82% | 7,36% | 8,91% | 18,0% | 17,6% | 17,2% |
| Assets 1 | 71 051 | 78 481 | 78 389 | 88 123 | 75 253 | 55 751 | 57 916 | 60 369 |
| Book Value Per Share 2 | 24,5 | 26,5 | 28,1 | 30,8 | 30,1 | 38,4 | 45,3 | 51,1 |
| Cash Flow per Share 2 | 10,9 | 12,2 | 11,5 | 13,1 | 14,6 | 21,4 | 22,6 | 22,2 |
| Capex 1 | 1 276 | 1 056 | 978 | 1 093 | 1 296 | 1 502 | 1 513 | 1 594 |
| Capex / Sales | 2,33% | 1,96% | 2,34% | 2,14% | 2,18% | 2,23% | 2,23% | 2,27% |
| Announcement Date | 1/28/19 | 1/31/20 | 1/29/21 | 1/28/22 | 1/31/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
28
Last Close Price
259.5USD
Average target price
265.84USD
Spread / Average Target
+2.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.32% | 132 B $ | |
| -17.78% | 15 321 M $ | |
| +16.54% | 6 715 M $ | |
| +24.28% | 3 273 M $ | |
| +0.25% | 2 948 M $ | |
| +8.16% | 1 732 M $ | |
| +40.19% | 1 346 M $ | |
| +168.24% | 1 163 M $ | |
| +20.10% | 1 039 M $ | |
| +18.05% | 950 M $ |
- Stock
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- Stock Caterpillar Inc. - Nyse
- Financials Caterpillar Inc.
