W W Grainger Inc Stock Research

Market Summary

USD681.33+13.59

Market Closed

2.04%

GWW Alerts

2 major insider sales recently.
Big jump in Earnings (Y/Y)

GWW Stock Price

GWW RSI Chart

GWW Valuation

Market Cap

34.6B

Price/Earnings (Trailing)

22.37

Price/Sales (Trailing)

2.27

EV/EBITDA

15.1

Price/Free Cashflow

32.14

GWW Price/Sales (Trailing)

GWW Profitability

EBT Margin

14.09%

Return on Equity

63.4%

Return on Assets

20.39%

Free Cashflow Yield

3.11%

GWW Fundamentals

GWW Revenue

Revenue (TTM)

15.2B

Revenue Y/Y

13.19%

Revenue Q/Q

-3.55%

GWW Earnings

Earnings (TTM)

1.5B

Earnings Y/Y

35.69%

Earnings Q/Q

-9.86%

Price Action

52 Week Range

437.81709.21

(Low)(High)

Last 7 days

-4.7%

Last 30 days

-0.1%

Last 90 days

18.9%

Trailing 12 Months

35.4%

GWW Financial Health

Current Ratio

2.48

GWW Investor Care

Dividend Yield

Dividend/Share (TTM)

6.78

Buy Backs (1Y)

1.93%

Diluted EPS (TTM)

30.06

Peers (Alternatives to W W Grainger)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GE	127.6B	76.6B	8.56%	-2.47%	567.03	1.67	3.18%	103.45%
CAT	114.8B	59.4B	-12.45%	2.23%	17.13	1.93	16.59%	3.25%
GWW	34.6B	15.2B	-0.12%	35.45%	22.37	2.27	16.94%	48.32%
FAST	29.9B	7.0B	-2.77%	-5.86%	27.51	4.28	16.13%	17.50%
URI	27.5B	11.6B	-14.29%	19.94%	13.09	2.37	19.82%	51.88%
MID-CAP
WCC	7.0B	21.4B	-5.60%	15.30%	10.16	0.35	17.58%	84.90%
AIT	5.2B	4.2B	-6.76%	32.43%	17	1.24	18.81%	35.27%
MSM	4.5B	3.8B	-7.65%	3.14%	12.7	1.19	14.50%	45.20%
BECN	3.8B	8.4B	-5.08%	-6.10%	8.2	0.45	23.60%	88.64%
GMS	2.2B	5.3B	-15.03%	0.89%	6.66	0.42	24.20%	44.74%
SMALL-CAP
VRTV	1.6B	7.1B	-9.35%	2.16%	4.82	0.23	4.32%	133.68%
MRC	749.9M	3.4B	-34.06%	-22.95%	10	0.22	26.14%	635.71%
BXC	694.0M	4.5B	-14.54%	-13.65%	2.34	0.16	4.05%	0.01%
DXPE	489.0M	1.4B	-16.09%	-13.89%	11.67	0.36	29.83%	232.03%

Financials for W W Grainger

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	3.0%	15,228	14,785	14,215	13,585	13,022
Gross Profit	4.5%	5,849	5,596	5,327	5,010	4,720
S&GA Expenses	3.6%	3,634	3,508	3,404	3,287	3,173
EBITDA	6.2%	2,270	2,137	1,968	1,764	-
EBITDA Margin	3.1%	0.15*	0.14*	0.14*	0.13*	-
Earnings Before Taxes	6.1%	2,146	2,022	1,857	1,659	1,485
EBT Margin	3.0%	0.14*	0.14*	0.13*	0.12*	-
Interest Expenses	-1.1%	-93.00	-92.00	-89.00	-89.00	-87.00
Net Income	4.3%	1,547	1,483	1,354	1,208	1,043
Net Income Margin	1.3%	0.10*	0.10*	0.09*	0.09*	-
Free Cahsflow	17.1%	1,077	920	696	747	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	5.4%	7,588	7,201	7,049	6,993	6,592
Current Assets	6.2%	4,977	4,686	4,513	4,439	4,011
Cash Equivalents	3.2%	325	315	262	364	241
Inventory	8.8%	2,253	2,071	1,990	1,929	1,870
Net PPE	3.7%	1,461	1,409	1,438	1,434	1,424
Goodwill	2.2%	371	363	374	384	384
Current Liabilities	12.6%	2,010	1,785	1,750	1,742	1,528
LT Debt, Current	118.8%	35.00	16.00	17.00	-	-
LT Debt, Non Current	-0.4%	2,284	2,294	2,309	2,338	2,362
Shareholder's Equity	5.7%	2,440	2,308	2,465	2,370	1,874
Retained Earnings	2.9%	10,700	10,402	10,066	9,782	9,500
Additional Paid-In Capital	0.8%	1,310	1,299	1,287	1,280	1,270
Shares Outstanding	-0.4%	51.00	51.00	51.00	-	-
Minority Interest	16.1%	295	254	264	289	286

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	12.4%	1,333	1,186	967	986	937
Share Based Compensation	2.1%	48.00	47.00	44.00	43.00	42.00
Cashflow From Investing	-1.9%	-263	-258	-268	-225	-226
Cashflow From Financing	-6.0%	-972	-917	-964	-948	-1,039
Dividend Payments	-2.9%	370	381	364	360	357
Buy Backs	10.2%	603	547	605	595	695

Risks for GWW

What is the probability of a big loss on GWW?

38.9%

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

18.1%

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

Probability that W W Grainger 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 GWW drawdown profile look like?

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

Drawdowns

Returns for GWW

Cumulative Returns on GWW

13.5%

10-Year Cumulative Returns

19.3%

7-Year Cumulative Returns

20.1%

5-Year Cumulative Returns

37.8%

3-Year Cumulative Returns

What are the long-term rolling returns for GWW?

FIve years rolling returns for W W Grainger.

Annualized Returns

Which funds bought or sold GWW recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	14.01	136,686	601,686	0.02%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	17.54	11,919,400	47,337,400	0.05%
2023-03-10	MATHER GROUP, LLC.	added	8.76	47,551	248,551	-%
2023-03-10	BAILLIE GIFFORD & CO	unchanged	-	4,375	33,375	-%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	reduced	-3.46	243,140	2,734,140	1.04%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	unchanged	-	135,062	1,118,060	0.07%
2023-03-06	Rockefeller Capital Management L.P.	added	73.44	458,000	929,000	-%
2023-03-03	TIAA, FSB	added	1.88	53,712	392,712	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	139,063	139,063	-%
2023-02-28	Voya Investment Management LLC	added	17.28	5,114,190	20,447,200	0.03%

Latest Funds Activity

Are funds buying GWW calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own GWW

No. of Funds

W W Grainger News

Schedule 13G FIlings of W W Grainger

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	10.91%	5,513,895	SC 13G/A
Feb 07, 2023	blackrock inc.	8.3%	4,183,578	SC 13G/A
Feb 10, 2022	vanguard group inc	10.04%	5,174,631	SC 13G/A
Feb 03, 2022	longview partners (guernsey) ltd	3.19%	1,644,839	SC 13G/A
Feb 01, 2022	blackrock inc.	7.3%	3,774,174	SC 13G/A
Jan 13, 2022	williams susan slavik	9.2%	4,726,443	SC 13G/A
Feb 16, 2021	longview partners (guernsey) ltd	5.12%	2,689,371	SC 13G/A
Feb 10, 2021	vanguard group inc	10.06%	5,398,750	SC 13G/A
Feb 08, 2021	williams susan slavik	8.81%	4,728,153	SC 13G/A
Feb 01, 2021	blackrock inc.	6.9%	3,728,861	SC 13G/A

GWW Fair Value

W W Grainger fair value in different scenarios

The table shows the Fair Value estimates for W W Grainger 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 Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	263.43 -61.34%	344.55 -49.43%	459.91 -32.50%	571.43 -16.13%	699.61 2.68%
Current Inflation	230.28 -66.20%	314.05 -53.91%	400.75 -41.18%	490.77 -27.97%	569.80 -16.37%
Very High Inflation	215.12 -68.43%	270.03 -60.37%	342.95 -49.66%	418.63 -38.56%	502.77 -26.21%

Historical W W Grainger Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of W W Grainger

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	4	Insider Trading
Mar 16, 2023	ARS	ARS
Mar 16, 2023	DEF 14A	DEF 14A
Mar 16, 2023	DEFA14A	DEFA14A
Mar 06, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading

Latest Insider Trading transactions for GWW

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-03	Macpherson Donald G	acquired	14,003,700	232	60,242	chairman and ceo
2023-03-03	Macpherson Donald G	sold	-34,107,700	694	-49,121	chairman and ceo
2023-02-07	Carroll Kathleen S	sold	-1,134,940	671	-1,690	svp & chief hr officer
2023-02-07	Carroll Kathleen S	acquired	526,029	311	1,690	svp & chief hr officer
2023-02-01	Berardinelli Krantz Nancy L	acquired	1,100,560	589	1,867	sr. vp & clo
2023-01-02	Thomson Laurie R	sold (taxes)	-14,462	556	-26.00	vp, controller
2022-12-02	Macpherson Donald G	acquired	3,334,430	231	14,380	chairman and ceo
2022-12-02	Macpherson Donald G	sold	-8,621,270	599	-14,380	chairman and ceo
2022-09-16	Robbins Paige K	gifted	-	-	2,252	sr. vp
2022-09-16	Robbins Paige K	gifted	-	-	-2,252	sr. vp

About W W Grainger

Donald G. Macpherson

www.grainger.com

24200

W.W. Grainger, Inc. distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools. It also offers inventory management and technical support services. The company serves businesses, corporations, government entities, and other institutions through sales and service representatives, and electronic and ecommerce channels. W.W. Grainger, Inc. was founded in 1927 and is headquartered in Lake Forest, Illinois.

GWW Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 15,228	$ 13,022	$ 11,797
Cost of goods sold	9,379	8,302	7,559
Gross profit	5,849	4,720	4,238
Selling, general and administrative expenses	3,634	3,173	3,219
Operating earnings	2,215	1,547	1,019
Other (income) expense:
Interest expense – net	93	87	93
Other – net	(24)	(25)	(21)
Total other expense – net	69	62	72
Earnings before income taxes	2,146	1,485	947
Income tax provision	533	371	192
Net earnings	1,613	1,114	755
Less net earnings attributable to noncontrolling interest	66	71	60
Net earnings attributable to W.W. Grainger, Inc.	$ 1,547	$ 1,043	$ 695
Earnings per share:
Basic (in dollars per share)	$ 30.22	$ 19.94	$ 12.88
Diluted (in dollars per share)	$ 30.06	$ 19.84	$ 12.82
Weighted average number of shares outstanding:
Basic (in shares)	50.9	51.9	53.5
Diluted (in shares)	51.1	52.2	53.7

GWW Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 325	$ 241
Accounts receivable (less allowance for credit losses of $36 and $30, respectively)	2,133	1,754
Inventories – net	2,253	1,870
Prepaid expenses and other current assets	266	146
Total current assets	4,977	4,011
Property, buildings and equipment – net	1,461	1,424
Goodwill	371	384
Intangibles – net	232	238
Operating lease right-of-use	367	393
Other assets	180	142
Total assets	7,588	6,592
Current liabilities
Current maturities	35	0
Trade accounts payable	1,047	816
Accrued compensation and benefits	334	319
Operating lease liability	68	66
Accrued expenses	474	290
Income taxes payable	52	37
Total current liabilities	2,010	1,528
Long-term debt	2,284	2,362
Long-term operating lease liability	318	334
Deferred income taxes and tax uncertainties	121	121
Other non-current liabilities	120	87
Shareholders' equity
Cumulative preferred stock – $5 par value – 12,000,000 shares authorized; none issued nor outstanding	0	0
Common Stock – $0.50 par value – 300,000,000 shares authorized; issued 109,659,219 shares	55	55
Additional contributed capital	1,310	1,270
Retained earnings	10,700	9,500
Accumulated other comprehensive losses	(180)	(96)
Treasury stock, at cost – 59,402,896 and 58,439,014 shares, respectively	(9,445)	(8,855)
Total W.W. Grainger, Inc. shareholders’ equity	2,440	1,874
Noncontrolling interest	295	286
Total shareholders' equity	2,735	2,160
Total liabilities and shareholders' equity	$ 7,588	$ 6,592