ESAB Corp ESAB

Morningstar Rating
$101.75 −3.09 (2.95%)
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Company Report

Price vs Fair Value

ESAB is trading at a 177% premium.
Price
$101.75
Fair Value
$82.00
Uncertainty
Medium
1-Star Price
$556.40
5-Star Price
$28.10
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

On an organic revenue basis, ESAB has outgrown its two main competitors since 2018.

Bears

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.

News

Trading Information

Previous Close Price
$104.84
Day Range
$101.56103.92
52-Week Range
$61.43114.77
Bid/Ask
$40.80 / $163.20
Market Cap
$6.15 Bil
Volume/Avg
154,016 / 224,421

Key Statistics

Price/Earnings (Normalized)
20.47
Price/Sales
2.24
Dividend Yield (Trailing)
0.28%
Dividend Yield (Forward)
0.31%
Total Yield
0.28%

Company Profile

ESAB, spun off from Colfax in 2022, is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. Alongside competitors Lincoln Electric and ITW’s Miller brand, ESAB is one of the top three players in the welding space. ESAB generated roughly $2.8 billion in revenue in 2023.
Sector
Industrials
Industry
Metal Fabrication
Stock Style Box
Small Core
Total Number of Employees
9,000

Competitors

Valuation

Metric
ESAB
ITW
LECO
Price/Earnings (Normalized)
20.4726.1320.10
Price/Book Value
3.6026.078.17
Price/Sales
2.244.882.67
Price/Cash Flow
18.6023.1319.15
Price/Earnings
ESAB
ITW
LECO

Financial Strength

Metric
ESAB
ITW
LECO
Quick Ratio
1.010.861.05
Current Ratio
1.861.302.06
Interest Coverage
5.3015.0117.80
Quick Ratio
ESAB
ITW
LECO

Profitability

Metric
ESAB
ITW
LECO
Return on Assets (Normalized)
7.94%20.07%16.19%
Return on Equity (Normalized)
19.19%103.48%42.82%
Return on Invested Capital (Normalized)
13.16%29.18%24.16%
Return on Assets
ESAB
ITW
LECO

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