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Saturday, November 25, 2017

A.O.Smith Corporation Valuation – June 2016 $AOS



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Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic value and inherent risk.  This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Companies Benjamin Graham Would Invest In Today – March 2016.  By using the ModernGraham method one can review a company’s historical accomplishments and determine an intrinsic value that can be compared across industries.  What follows is a stock analysis showing a specific look at how A.O.Smith Corporation (AOS) fares in the ModernGraham valuation model.

Company Profile (obtained from Google Finance): A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers. The Company’s North America segment serves residential and commercial end markets in North America with a range of products, including water heaters, boilers and other. Its North America segment also manufactures and globally markets specialty commercial water heating equipment, condensing and non-condensing boilers and water systems tanks. Primarily for Asia, its Rest of World segment also manufactures and markets water treatment products. The Company also markets in-home air purification products in China.


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Premium members can view a full ModernGraham valuation of the company and have access to download a PDF version of the valuation for easy reference. Here is a free sample valuation pdf, and here is a post detailing what can be found within each individual company’s valuation.


Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 3/1/2016
Total Current Assets $1,425,900,000
Total Current Liabilities $602,000,000
Long-Term Debt $274,100,000
Total Assets $2,650,600,000
Intangible Assets $711,900,000
Total Liabilities $1,172,100,000
Shares Outstanding (Diluted Average) 88,905,000

Earnings Per Share History

Next Fiscal Year Estimate $3.48
Dec2015 $3.16
Dec2014 $2.28
Dec2013 $1.83
Dec2012 $1.71
Dec2011 $3.29
Dec2010 $1.21
Dec2009 $1.13
Dec2008 $0.90
Dec2007 $0.95
Dec2006 $0.82
Dec2005 $0.51
Dec2004 $0.39
Dec2003 $0.59
Dec2002 $0.62
Dec2001 $0.20
Dec2000 $0.42
Dec1999 $0.59
Dec1998 $0.61
Dec1997 $1.82
Dec1996 $0.46

Earnings Per Share – ModernGraham History

Next Fiscal Year Estimate $2.82
Dec2015 $2.47
Dec2014 $2.11
Dec2013 $1.96
Dec2012 $1.90
Dec2011 $1.83
Dec2010 $1.07
Dec2009 $0.95
Dec2008 $0.81
Dec2007 $0.73
Dec2006 $0.61
Dec2005 $0.49
Dec2004 $0.47
Dec2003 $0.50
Dec2002 $0.46
Dec2001 $0.50
Dec2000 $0.69

Recommended Reading:

Other ModernGraham posts about the company

A.O. Smith Corp Valuation – November 2015 Update $AOS
A.O. Smith Corporation Analysis – Initial Coverage $AOS

Other ModernGraham posts about related companies

Ingersoll-Rand PLC Valuation – May 2016 $IR
Snap-on Inc Valuation – February 2016 $SNA
AGCO Corporation Valuation – February 2016 $AGCO
Joy Global Inc Valuation – February 2016 $JOY
Allegion PLC Valuation – February 2016 Update $ALLE
Rockwell Automation Inc Valuation – February 2016 Update $ROK
Parker Hannifin Corp Valuation – January 2016 Update $PH
Stanley Black & Decker Inc Valuation – January 2016 Update $SWK
Paccar Inc Valuation – January 2016 Update $PCAR
AGCO Corporation Valuation – February 2016 $AGCO

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

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