CNM Valuation

Core & Main Inc

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65.070

-0.54(-0.823%)1D

Overview
Forecast
Valuation
Earnings

CNM Relative Valuation

CNM's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CNM is overvalued; if below, it's undervalued.

Historical Valuation

Core & Main Inc (CNM) is now in the Overvalued zone, suggesting that its current forward PE ratio of 25.58 is considered Overvalued compared with the five-year average of 17.21. The fair price of Core & Main Inc (CNM) is between 41.25 to 61.39 according to relative valuation methord. Compared to the current price of 65.07 USD , Core & Main Inc is Overvalued By 5.99%.

Relative Value

Fair Zone

41.25-61.39

Current Price：65.07

5.99%

Overvalued

25.58

Trailing

Forward

15.07

EV/EBITDA

Core & Main Inc. (CNM) has a current EV/EBITDA of 15.07. The 5-year average EV/EBITDA is 10.79. The thresholds are as follows: Strongly Undervalued below 4.14, Undervalued between 4.14 and 7.46, Fairly Valued between 14.12 and 7.46, Overvalued between 14.12 and 17.45, and Strongly Overvalued above 17.45. The current Forward EV/EBITDA of 15.07 falls within the Overvalued range.

19.08

EV/EBIT

Core & Main Inc. (CNM) has a current EV/EBIT of 19.08. The 5-year average EV/EBIT is 12.98. The thresholds are as follows: Strongly Undervalued below 5.55, Undervalued between 5.55 and 9.26, Fairly Valued between 16.69 and 9.26, Overvalued between 16.69 and 20.41, and Strongly Overvalued above 20.41. The current Forward EV/EBIT of 19.08 falls within the Overvalued range.

1.58

Core & Main Inc. (CNM) has a current PS of 1.58. The 5-year average PS is 0.93. The thresholds are as follows: Strongly Undervalued below 0.31, Undervalued between 0.31 and 0.62, Fairly Valued between 1.24 and 0.62, Overvalued between 1.24 and 1.55, and Strongly Overvalued above 1.55. The current Forward PS of 1.58 falls within the Strongly Overvalued range.

19.41

P/OCF

Core & Main Inc. (CNM) has a current P/OCF of 19.41. The 5-year average P/OCF is 11.54. The thresholds are as follows: Strongly Undervalued below 3.27, Undervalued between 3.27 and 7.41, Fairly Valued between 15.68 and 7.41, Overvalued between 15.68 and 19.82, and Strongly Overvalued above 19.82. The current Forward P/OCF of 19.41 falls within the Overvalued range.

20.45

P/FCF

Core & Main Inc. (CNM) has a current P/FCF of 20.45. The 5-year average P/FCF is 12.16. The thresholds are as follows: Strongly Undervalued below 3.11, Undervalued between 3.11 and 7.64, Fairly Valued between 16.68 and 7.64, Overvalued between 16.68 and 21.21, and Strongly Overvalued above 21.21. The current Forward P/FCF of 20.45 falls within the Overvalued range.

Core & Main Inc (CNM) has a current Price-to-Book (P/B) ratio of 7.13. Compared to its 3-year average P/B ratio of 4.41 , the current P/B ratio is approximately 61.72% higher. Relative to its 5-year average P/B ratio of 4.11, the current P/B ratio is about 73.40% higher. Core & Main Inc (CNM) has a Forward Free Cash Flow (FCF) yield of approximately 4.64%. Compared to its 3-year average FCF yield of 8.63%, the current FCF yield is approximately -46.24% lower. Relative to its 5-year average FCF yield of 6.27% , the current FCF yield is about -26.02% lower.

7.13

P/B

Median3y

4.41

Median5y

4.11

4.64

FCF Yield

Median3y

8.63

Median5y

6.27

Competitors Valuation Multiple

The average P/S ratio for CNM's competitors is 1.22, providing a benchmark for relative valuation. Core & Main Inc Corp (CNM) exhibits a P/S ratio of 1.58, which is 29.66% above the industry average. Given its robust revenue growth of 9.76%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Wesco International Inc

Applied Industrial Technologies Inc

Performance Decomposition

Market capitalization of CNM increased by 22.70% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 25.68 to 30.38.

The secondary factor is the Revenue Growth, contributed 9.76%to the performance.

Overall, the performance of CNM in the past 1 year is driven by P/E Change. Which is more unsustainable.

9.76%

1.74B → 1.91B

Revenue Growth

-5.34%

5.80 → 5.49

Margin Expansion

18.28%

25.68 → 30.38

P/E Change

22.70%