ESAB is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. The company is one of the top three players in the welding solutions space, alongside Lincoln Electric and ITW’s Miller brand.
On an organic revenue basis, ESAB has outgrown its two main competitors since 2018.
As a result of its M&A-driven growth strategy, ESAB faces acquisition risk, including the possibility of overpaying for acquisitions and challenges integrating acquired companies.
|
Metric
|
ESAB
|
ITW
|
LECO
|
|---|---|---|---|
Price/Earnings (Normalized) | 23.53 | 25.81 | 26.91 |
Price/Book Value | 4.06 | 24.91 | 10.44 |
Price/Sales | 2.37 | 4.72 | 3.33 |
Price/Cash Flow | 23.62 | 22.86 | 23.73 |
|
Metric
|
ESAB
|
ITW
|
LECO
|
|---|---|---|---|
Quick Ratio | 0.79 | 0.92 | 1.24 |
Current Ratio | 1.61 | 1.33 | 2.24 |
Interest Coverage | 4.75 | 15.18 | 16.48 |
|
Metric
|
ESAB
|
ITW
|
LECO
|
|---|---|---|---|
Return on Assets (Normalized) | 7.13% | 19.30% | 16.66% |
Return on Equity (Normalized) | 18.40% | 98.30% | 46.47% |
Return on Invested Capital (Normalized) | 12.03% | 28.19% | 25.16% |
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Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
MLI
| Mueller Industries Inc | — | Jjdspj | $6.5 Bil | |
ATI
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CRS
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AIAGF
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AIAGY
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TKAMY
| thyssenkrupp AG ADR | — | Kgw | $3.1 Bil | |
WOR
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TYEKF
| thyssenkrupp AG | — | Sfytj | $3.0 Bil | |
BEKSF
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