Narrow-moat Oshkosh reported solid first-quarter results, and we have increased our fair value estimate to $122 per share from $115. The change is largely attributable to our stronger near-term sales and margin expectations.
Increased infrastructure spending in the US and emerging markets could result in more aerial equipment purchases, driving higher revenue growth for Oshkosh.
As a viable number-two player, Terex’s Genie brand may lead customers to turn away from Oshkosh’s JLG brand.
|
Metric
|
OSK
|
TEX
|
GD
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.54 | 8.42 | 23.39 |
Price/Book Value | 2.01 | 2.37 | 3.60 |
Price/Sales | 0.78 | 0.79 | 1.80 |
Price/Cash Flow | 10.16 | 6.96 | 19.40 |
|
Metric
|
OSK
|
TEX
|
GD
|
|---|---|---|---|
Quick Ratio | 0.73 | 0.82 | 0.76 |
Current Ratio | 1.43 | 2.01 | 1.44 |
Interest Coverage | 12.53 | 10.04 | 13.19 |
|
Metric
|
OSK
|
TEX
|
GD
|
|---|---|---|---|
Return on Assets (Normalized) | 8.49% | 16.45% | 6.58% |
Return on Equity (Normalized) | 20.81% | 39.25% | 17.44% |
Return on Invested Capital (Normalized) | 17.92% | 28.05% | 12.06% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
CAT
| Caterpillar Inc | Gwwtrrqlp | Fyy | $171.5 Bil | |
DE
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PCAR
| PACCAR Inc | Vmwwfjvhyj | Hzpbq | $58.7 Bil | |
VOLAF
| Volvo AB Class A | — | Gxyqz | $52.1 Bil | |
VOLVF
| Volvo AB Class B | — | Nfv | $52.1 Bil | |
VLVLY
| Volvo AB ADR | — | Vpgxr | $52.1 Bil | |
CNHI
| CNH Industrial NV | Rygtpkygh | Ckpjdpq | $14.2 Bil | |
AGCO
| AGCO Corp | Ttfbljvl | Zmdj | $8.8 Bil | |
TEX
| Terex Corp | Mccmhhx | Bqcnf | $4.0 Bil |
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