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Cummins Inc Stock Research

CMI

231.84USD+1.35(+0.59%)Market Closed

Market Summary

USD231.84+1.35
Market Closed
0.59%

CMI Alerts

CMI Stock Price

CMI RSI Chart

CMI Valuation

Market Cap

32.7B

Price/Earnings (Trailing)

14.99

Price/Sales (Trailing)

1.17

EV/EBITDA

9.23

Price/Free Cashflow

31.27

CMI Price/Sales (Trailing)

CMI Profitability

Operating Margin

23.93%

EBT Margin

10.04%

Return on Equity

24.32%

Return on Assets

7.2%

Free Cashflow Yield

3.2%

CMI Fundamentals

CMI Revenue

Revenue (TTM)

28.1B

Revenue Y/Y

32.82%

Revenue Q/Q

5.96%

CMI Earnings

Earnings (TTM)

2.2B

Earnings Y/Y

61%

Earnings Q/Q

57.46%

Price Action

52 Week Range

181.87261.91
(Low)(High)

Last 7 days

-10.1%

Last 30 days

-7.4%

Last 90 days

-2.3%

Trailing 12 Months

18.5%

CMI Financial Health

Current Ratio

1.27

Debt/Equity

0.5

Debt/Cashflow

0.44

CMI Investor Care

Dividend Yield

2.57%

Dividend/Share (TTM)

5.96

Buy Backs (1Y)

1.67%

Diluted EPS (TTM)

15.12

Peers (Alternatives to Cummins)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
116.4B
55.7B
-5.98% 1.14%
14.22
2.09
25.13% 45.08%
114.8B
59.4B
-12.45% 2.23%
17.13
1.93
16.59% 3.25%
32.7B
28.1B
-7.37% 18.51%
14.99
1.17
16.87% 0.88%
20.1B
8.5B
-9.87% -7.45%
18.83
2.36
7.60% -5.20%
11.2B
4.7B
-4.82% 28.23%
25.37
2.38
17.70% 8.16%
MID-CAP
9.4B
3.8B
-6.26% 27.12%
19.86
2.49
16.30% 70.81%
5.5B
2.0B
-8.25% 13.14%
21.78
2.77
9.41% 51.78%
3.4B
4.4B
-13.62% 31.93%
11.23
0.76
13.66% 35.81%
2.2B
2.0B
-6.48% -5.13%
16.92
1.06
3.22% 2.22%
2.1B
1.5B
7.36% 16.17%
20.61
1.39
13.45% 27.02%
2.1B
1.3B
-5.00% 6.06%
25.79
1.59
12.57% 9.03%
SMALL-CAP
1.0B
935.8M
-3.82% -14.83%
22.16
1.1
11.48% 69.08%
757.0M
3.5B
39.59% 31.30%
-10.22
0.21
15.37% 57.17%
605.9M
2.0B
21.16% 7.01%
-4.9
0.3
18.15% -1223.64%
9.7M
28.4M
-21.88% -64.29%
41.49
0.36
13.76% -54.01%

Financials for Cummins

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue7.3%28,07426,15424,78924,31424,021
Cost Of Revenue7.1%21,35519,93718,80018,57318,326
Gross Profit8.1%6,7196,2175,9895,7415,695
  S&GA Expenses4.4%2,6872,5742,4372,4152,374
  R&D Expenses3.6%1,2781,2331,1511,1281,090
EBITDA8.3%3,8023,5093,5043,524-
EBITDA Margin-4.3%0.14*0.14*0.14*0.15*-
Earnings Before Taxes2.5%2,8192,751---
EBT Margin-9.5%0.10*0.11*0.11*0.11*-
Interest Expenses44.2%199138105100111
Net Income12.6%2,1831,9392,0711,9762,164
Net Income Margin4.9%0.08*0.07*0.08*0.08*0.09*
Free Cahsflow-0.6%1,0461,0521,2911,3301,522
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.8%30,29929,76924,47724,12223,710
  Current Assets0.4%14,45114,39812,76212,59612,309
    Cash Equivalents-15.9%2,1012,4992,4622,2762,592
  Inventory1.1%5,6035,5434,7654,5864,355
  Net PPE6.2%5,5215,2014,3894,3814,422
  Goodwill5.1%2,3432,2291,3911081,287
Liabilities-0.4%20,07420,15914,82214,75914,309
  Current Liabilities8.5%11,42110,5307,6717,5127,084
  Long Term Debt-17.5%4,4985,4503,4903,5023,579
    LT Debt, Current941.8%57355.0065.0069.0059.00
Shareholder's Equity7.1%8,9758,3809,4299,3638,146
  Retained Earnings2.3%18,03717,62817,45016,95216,741
Accumulated Depreciation0.9%5,0304,9854,9524,936-
Shares Outstanding-0.1%141141142--
Minority Interest1.4%992978917927889
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations4.5%1,9621,8772,0642,0812,256
  Share Based Compensation9.1%36.0033.0034.0037.00-
Cashflow From Investing-2.0%-4,172-4,091-1,303-858-873
Cashflow From Financing-15.0%1,6691,963-896-1,979-2,227
  Dividend Payments1.7%855841826819809
  Buy Backs-31.2%3745446591,2951,402

Risks for CMI

What is the probability of a big loss on CMI?

56.1%


Probability that Cummins stock will be more than 20% underwater in next one year

29.6%


Probability that Cummins stock will be more than 30% underwater in next one year.

0%


Probability that Cummins stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CMI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cummins was unfortunately bought at previous high price.

Drawdowns

Returns for CMI

Cumulative Returns on CMI

9.8%


10-Year Cumulative Returns

14.7%


7-Year Cumulative Returns

10.1%


5-Year Cumulative Returns

21.8%


3-Year Cumulative Returns

What are the long-term rolling returns for CMI?

FIve years rolling returns for Cummins.

Annualized Returns

Which funds bought or sold CMI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-0.78
334,317
2,178,320
0.06%
2023-03-10
MATHER GROUP, LLC.
added
10.55
112,689
469,689
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-5.08
7,499,680
65,178,700
0.07%
2023-03-06
Rockefeller Capital Management L.P.
added
86.79
1,115,000
2,024,000
0.01%
2023-03-06
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL
unchanged
-
862,318
5,387,320
2.04%
2023-03-03
TIAA, FSB
added
2.23
127,121
711,121
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
2,289,640
2,289,640
0.03%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
15,916
96,916
0.06%
2023-03-01
Regal Investment Advisors LLC
reduced
-10.03
22,281
330,281
0.03%
2023-03-01
SMITHBRIDGE ASSET MANAGEMENT INC/DE
new
-
613,000
613,000
0.16%

1–10 of 48

Latest Funds Activity

Are funds buying CMI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CMI
No. of Funds

Cummins News

The News Heater

Cummins Inc. (CMI) Shares Down Despite Recent Market Volatility.

The News Heater,
82 minutes ago

Investing News Network

Ballard Reports Q4 2022 Results.

Investing News Network,
2 days ago

The Dwinnex

Nasdaq

Cummins is Oversold.

Nasdaq,
2 days ago

AUTO Connected Car News

Schedule 13G FIlings of Cummins

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
9.36%
13,205,088
SC 13G/A
Feb 07, 2023
blackrock inc.
8.2%
11,572,098
SC 13G/A
Feb 09, 2022
vanguard group inc
9.03%
12,921,906
SC 13G/A
Feb 01, 2022
blackrock inc.
8.2%
11,754,383
SC 13G/A
Feb 10, 2021
vanguard group inc
8.77%
12,979,070
SC 13G/A
Jan 29, 2021
blackrock inc.
8.8%
13,031,093
SC 13G/A
Feb 13, 2020
state street corp
4.64%
7,102,674
SC 13G/A
Feb 12, 2020
vanguard group inc
8.21%
12,579,161
SC 13G/A
Feb 05, 2020
blackrock inc.
8.1%
12,355,555
SC 13G/A

CMI Fair Value

Cummins fair value in different scenarios

The table shows the Fair Value estimates for Cummins for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

160.37

-30.83%

212.31

-8.42%

288.64

24.50%

371.05

60.05%

472.84

103.95%
Current Inflation

126.58

-45.40%

166.47

-28.20%

208.63

-10.01%

277.67

19.77%

319.26

37.71%
Very High Inflation

134.03

-42.19%

169.75

-26.78%

217.11

-6.35%

272.68

17.62%

339.13

46.28%

Historical Cummins Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Cummins

View All Filings
Date Filed Form Type Document
Mar 03, 2023
3
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading

Latest Insider Trading transactions for CMI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
Smith Mark Andrew
sold (taxes)
-295,314
249
-1,185
vp - chief financial officer
2023-03-01
Aaholm Sherry A
acquired
-
-
1,125
vp - chief digital officer
2023-03-01
Bush Jennifer Mary
acquired
-
-
612
vp & pres. - power systems
2023-03-01
Davis Amy Rochelle
sold (taxes)
-206,595
249
-829
vp & pres. - new power
2023-03-01
Barner Sharon R
sold (taxes)
-333,692
249
-1,339
vp - chief administrative off.
2023-03-01
JACKSON DONALD G
acquired
-
-
616
vp - treasury & tax
2023-03-01
Smith Mark Andrew
acquired
-
-
4,086
vp - chief financial officer
2023-03-01
Davis Amy Rochelle
acquired
-
-
562
vp & pres. - new power
2023-03-01
Stoner Nathan R
acquired
-
-
306
vp - china area business org
2023-03-01
Satterthwaite Tony
acquired
-
-
9,107
senior vice president

1–10 of 50

Norman T. Linebarger
59900
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and batteries. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

CMI Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Net sales$ 28,074$ 24,021$ 19,811
Cost of sales21,35518,32614,917
Gross Profit6,7195,6954,894
OPERATING EXPENSES AND INCOME   
Selling, general and administrative expenses2,6872,3742,125
Research, development and engineering expenses1,2781,090906
Equity, royalty and interest income from investees349506452
Other operating income (expense), net1743146
OPERATING INCOME2,9292,7062,269
Interest expense (Note 13)199111100
Other income, net89156169
INCOME BEFORE INCOME TAXES2,8192,7512,338
Income tax expense (Note 5)636587527
CONSOLIDATED NET INCOME2,1832,1641,811
Less: Net income attributable to noncontrolling interests323322
Cummins share of net income$ 2,151$ 2,131$ 1,789
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 21)   
Basic (in dollars per share)$ 15.20$ 14.74$ 12.07
Diluted (in dollars per share)$ 15.12$ 14.61$ 12.01

CMI Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Dec. 31, 2022
Dec. 31, 2021
Statement of Financial Position [Abstract]  
Common stock, par value (in dollars per share)$ 2.50 
Common stock, shares authorized500.0 
Common stock, shares issued222.5222.5
Treasury stock, shares81.280.0
Current assets  
Cash and cash equivalents$ 2,101$ 2,592
Marketable securities472595
Cash, cash equivalents and marketable securities2,5733,187
Accounts and notes receivable, net  
Trade and other4,8263,565
Nonconsolidated equity investees376425
Inventories (Note 7)5,6034,355
Prepaid expenses and other current assets1,073777
Total current assets14,45112,309
Long-term assets  
Property, plant and equipment, net (Note 8)5,5214,422
Investments and advances related to equity method investees (Note 4)1,7591,538
Goodwill (Note 10)2,3431,287
Other intangible assets, net (Note 10)2,687900
Pension assets (Note 11)1,3981,488
Other assets2,1401,766
Total assets30,29923,710
Current liabilities  
Accounts payable (principally trade)4,2523,021
Loans payable (Note 13)210208
Commercial paper (Note 13)2,574313
Current maturities of long-term debt (Note 13)57359
Accrued compensation, benefits and retirement costs617683
Current portion of accrued product warranty (Note 14)726755
Current portion of deferred revenue (Note 3)1,004855
Other accrued expenses (Note 12)1,4651,190
Total current liabilities11,4217,084
Long-term liabilities  
Long-term debt (Note 13)4,4983,579
Deferred revenue (Note 3)844850
Other liabilities3,3112,796
Total liabilities20,07414,309
Commitments and contingencies (Note 15)
Redeemable Noncontrolling Interest, Equity, Carrying Amount258366
Cummins Inc. shareholders’ equity (Note 17)  
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued2,2432,099
Retained earnings18,03716,741
Treasury stock, at cost, 81.2 and 80.0 shares(9,415)(9,123)
Accumulated other comprehensive loss (Note 18)(1,890)(1,571)
Total Cummins Inc. shareholders' equity8,9758,146
Noncontrolling interests (Note 19)992889
Total equity9,9679,035
Total liabilities, redeemable noncontrolling interests and equity$ 30,299$ 23,710