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Caterpillar Inc CAT

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Stock XNYS Rating as of
$335.44 +4.37 (1.32%)
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As of Delayed Price Pre-Open: $336.99 +1.55
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Company Report

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We Expect Most of Caterpillar's End Markets to Remain Stable in 2024

Dawit Woldemariam

We believe Caterpillar will continue to be the leader in the global heavy machinery market with an extensive portfolio of construction, mining, energy, and transportation products. For nearly a century, the company has been a trusted manufacturer of mission-critical heavy machinery, which has led to its position as one of the world’s most valuable brands. High-quality, extremely reliable, and efficient products underpin the strong brand. Customers also value Caterpillar’s ability to lower the total cost of ownership.

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Price vs Fair Value

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CAT is trading at a 35% premium.
Price
$331.07
Fair Value
$166.00
Uncertainty
Medium
1-Star Price
$699.58
5-Star Price
$346.70
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Increased infrastructure spending in the US and emerging markets will lead to more construction equipment purchases, substantially boosting Caterpillar's sales growth.

Bears

Nonresidential spending normalizing in the short term could pressure Caterpillar’s sales and margin growth.

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News

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Trading Information

Previous Close Price
$331.07
Day Range
$329.25–336.16
52-Week Range
$205.60–382.01
Bid/Ask
$332.00 / $336.00
Market Cap
$164.05 Bil
Volume/Avg
59 / 2.4 Mil

Key Statistics

Price/Earnings (Normalized)
15.12
Price/Sales
2.51
Dividend Yield (Trailing)
1.55%
Dividend Yield (Forward)
1.55%
Total Yield
7.04%

Company Profile

Caterpillar is the top manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world’s largest manufacturer of heavy equipment. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Cat Financial. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Cat Financial provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
Stock Style Box
Large Core
Total Number of Employees
121,173
Website
https://www.caterpillar.com

Competitors

Valuation

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Metric
CAT
TEX
DE
Price/Earnings (Normalized)
 15.127.8511.52
Price/Book Value
 9.182.174.99
Price/Sales
 2.510.731.92
Price/Cash Flow
 12.926.389.69
Price/Earnings
CAT
TEX
DE

Financial Strength

Metric
CAT
TEX
DE
Quick Ratio
 0.730.951.81
Current Ratio
 1.352.162.05
Interest Coverage
 26.5410.055.59
Quick Ratio
CAT
TEX
DE

Profitability

Metric
CAT
TEX
DE
Return on Assets (Normalized)
 13.02%15.85%9.82%
Return on Equity (Normalized)
 59.16%36.44%44.28%
Return on Invested Capital (Normalized)
 19.73%26.74%14.47%
Return on Assets
CAT
TEX
DE
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