Illinois Tool Works, Inc.
ITW
Market Cap$74.34B
Close$
Earnings Call Q4 2023
February 1, 2024 - AI Summary
ITW reported flat organic growth in Q4 2023 due to slowing demand for CapEx, customer and channel inventory reductions, and an automotive industry strike.
The company delivered strong operational and financial performance in 2023, with solid organic growth of 2% on top of previous years' growth rates, operating margin improvement, income growth, and record free cash flow.
For 2024, ITW expects organic growth of 1% to 3%, reflecting current levels of demand adjusted for seasonality. Operating margin is projected to improve by about 100 basis points at the midpoint, including a contribution from enterprise initiatives.
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$139.18
43.9% downside
Current Fair Value
43.9% downsideOvervalued by 43.9% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $74.34 Billion |
|---|---|
| Enterprise Value | $81.44 Billion |
| Dividend Yield | $5.4805 (2.2%) |
| Earnings per Share | $9.74 |
| Beta | 0.85 |
| Outstanding Shares | 298,745,236 |
| Avg 30 Day Volume | 1,014,560 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 25.14 |
|---|---|
| PEG | -120.01 |
| Price to Sales | 4.68 |
| Price to Book Ratio | 24.82 |
| Enterprise Value to Revenue | 5.06 |
| Enterprise Value to EBIT | 20.16 |
| Enterprise Value to Net Income | 27 |
| Total Debt to Enterprise | 0.1 |
| Debt to Equity | 2.71 |
Revenue Sources
No data
ESG Score
No data
About Illinois Tool Works, Inc.
CEO: Ernest Santi