Cummins Inc
NYSE:CMI

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Cummins Inc
NYSE:CMI
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Price: 348.8 USD -0.73%
Market Cap: 47.8B USD
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Relative Value

The Relative Value of one CMI stock under the Base Case scenario is 416.85 USD. Compared to the current market price of 348.8 USD, Cummins Inc is Undervalued by 16%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

CMI Relative Value
Base Case
416.85 USD
Undervaluation 16%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.4
P/S
P/S
Price to Sales
1.4
vs History
19
vs Industry
53
Median 3Y
1.2
Median 5Y
1.2
Industry
1.6
Forward
1.4
More Details
23
P/E
P/E
Price to Earnings
23
vs History
6
vs Industry
34
Median 3Y
14.8
Median 5Y
14.8
Industry
20.7
Forward
16.6
More Details
31.4
P/OCF
P/OCF
Price to OCF
31.4
vs History
1
vs Industry
45
Median 3Y
14.4
Median 5Y
12.6
Industry
14.8
More Details
57.1
P/FCFE
P/FCFE
Price to FCFE
57.1
vs History
1
vs Industry
31
Median 3Y
17.8
Median 5Y
11.7
Industry
21.3
More Details
4.6
P/B
P/B
Price to Book Value
4.6
vs History
1
vs Industry
13
Median 3Y
3.6
Median 5Y
3.8
Industry
1.8
More Details
1.5
EV/S
EV/S
Enterprise Value to Sales
1.5
vs History
15
vs Industry
51
Median 3Y
1.3
Median 5Y
1.3
Industry
1.7
Forward
1.5
More Details
6.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
6.3
vs History
17
vs Industry
48
Median 3Y
5.2
Median 5Y
5.3
Industry
6.2
More Details
11.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
11.7
vs History
22
vs Industry
44
Median 3Y
10.2
Median 5Y
10.3
Industry
12.4
Forward
9.8
More Details
15.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
15.4
vs History
23
vs Industry
41
Median 3Y
13.1
Median 5Y
13.7
Industry
16
Forward
13.4
More Details
34.5
EV/OCF
EV/OCF
Enterprise Value to OCF
34.5
vs History
1
vs Industry
41
Median 3Y
15.1
Median 5Y
13.2
Industry
14.8
More Details
156
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
156
vs History
1
vs Industry
28
Median 3Y
25.3
Median 5Y
17.4
Industry
18.1
More Details
2.1
EV/IC
EV/IC
Enterprise Value to IC
2.1
vs History
11
vs Industry
29
Median 3Y
1.7
Median 5Y
1.7
Industry
1.4
More Details

Multiples Across Competitors

CMI Competitors Multiples
Cummins Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Cummins Inc
NYSE:CMI
47.9B USD 1.4 23 11.7 15.4
US
Caterpillar Inc
NYSE:CAT
175.3B USD 2.7 16.4 11.7 13.3
US
Paccar Inc
NASDAQ:PCAR
54.8B USD 1.6 11.7 8.7 10.1
SE
Volvo AB
STO:VOLV B
541.9B SEK 1 10.4 6.4 8.3
US
Westinghouse Air Brake Technologies Corp
NYSE:WAB
33.2B USD 3.2 31.3 16.3 21.5
CN
CRRC Corp Ltd
SSE:601766
232.2B CNY 1 18.1 14.2 14.2
DE
Daimler Truck Holding AG
XETRA:DTG
28.7B EUR 0.5 7.8 5.6 6.8
JP
Komatsu Ltd
TSE:6301
3.9T JPY 1 10.1 6.1 7.7
JP
Toyota Industries Corp
TSE:6201
3.6T JPY 0.9 15.2 8 20
CN
China CSSC Holdings Ltd
SSE:600150
161.8B CNY 2 60.7 211.3 211.3
SE
Epiroc AB
STO:EPI A
235.9B SEK 3.8 27.3 15.3 19.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Cummins Inc
NYSE:CMI
Average EV/EBITDA: 28.7
11.7
48%
0.2
US
Caterpillar Inc
NYSE:CAT
11.7
-4%
N/A
US
Paccar Inc
NASDAQ:PCAR
8.7
-10%
N/A
SE
Volvo AB
STO:VOLV B
6.4
-10%
N/A
US
Westinghouse Air Brake Technologies Corp
NYSE:WAB
16.3
37%
0.4
CN
CRRC Corp Ltd
SSE:601766
14.2
99%
0.1
DE
Daimler Truck Holding AG
XETRA:DTG
5.6
13%
0.4
JP
Komatsu Ltd
TSE:6301
6.1
2%
2.7
JP
Toyota Industries Corp
TSE:6201
8
3%
2.6
CN
China CSSC Holdings Ltd
SSE:600150
211.3
1 170%
0.2
SE
Epiroc AB
STO:EPI A
15.3
18%
0.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Cummins Inc
NYSE:CMI
Average EV/EBIT: 31.6
15.4
52%
0.3
US
Caterpillar Inc
NYSE:CAT
13.3
3%
4.9
US
Paccar Inc
NASDAQ:PCAR
10.1
-11%
N/A
SE
Volvo AB
STO:VOLV B
8.3
-10%
N/A
US
Westinghouse Air Brake Technologies Corp
NYSE:WAB
21.5
68%
0.3
CN
CRRC Corp Ltd
SSE:601766
14.2
47%
0.3
DE
Daimler Truck Holding AG
XETRA:DTG
6.8
11%
0.6
JP
Komatsu Ltd
TSE:6301
7.7
12%
0.6
JP
Toyota Industries Corp
TSE:6201
20
53%
0.4
CN
China CSSC Holdings Ltd
SSE:600150
211.3
824%
0.3
SE
Epiroc AB
STO:EPI A
19.5
18%
1.1

See Also

Summary
CMI intrinsic value, competitors valuation, and company profile.
DCF Valuation
CMI stock valuation using Discount Cash Flow valuation method.
Relative Valuation
CMI stock valuation using valuation multiples.
Wall Street Estimates
CMI price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
CMI stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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