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Description
Crane Company (Crane) is a primary manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets.
The company’s strategy is to focus on the devel…
Analysis
Hope premium
Crane Company is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 34.3×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 13% a year, against analyst forecasts of 11%. The price, in other words, assumes less than the experts do.
Growth is moderate; the safety picture is adequate. The company scores 16/20 on our value-creation score: strong value creator. Analysts lean positive.
Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202395
45
2023202420252026
All-time high
95
Jan 2023
All-time low
37
Jan 2024
Average rank
57
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
34
13
19
51
Price/Earnings
28
5
27
80
Price/Book
22
6
20
41
Dividend Yield
61
41
42
53
Value (overall)
30
1
10
21
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.