Caterpillar Inc.

Caterpillar Inc.

CAT

Market Cap$184.08B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Caterpillar Inc.Caterpillar Inc.17.21.8%55%2.82.1

Earnings Call Q3 2024

October 30, 2024 - AI Summary

**Weak Q3 Performance but Strong Margins**: Caterpillar reported sales and revenues of $16.1 billion in Q3 2024, down 4% year-over-year due to lower sales volume, particularly in the Construction Industries and Resource Industries. However, they maintained a strong adjusted operating profit margin of 20%, indicating solid pricing power and operational efficiency despite a challenging sales environment.
**Downward Revision of Sales Expectations**: The company has slightly lowered its full-year sales expectations, anticipating sales will remain below prior estimates. Although this adjustment is driven by recent trends and dealer rental fleet loading issues, adjusted operating profit margin and profit per share targets remain unchanged and above previous targets.
**Free Cash Flow Increase and Shareholder Returns**: Caterpillar generated robust ME&T free cash flow of $2.7 billion in Q3 and $6.4 billion year-to-date. The company has returned over $9 billion to shareholders through dividends and share repurchases in the first three quarters, with a commitment to return substantially all free cash flow to shareholders moving forward.

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$393.80

Target Price by Analysts

3.7% upsideCaterpillar Target Price DetailsTarget Price
$209.24

Current Fair Value

44.9% downside

Overvalued by 44.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$184.08 Billion
Enterprise Value$218.75 Billion
Dividend Yield$5.64 (1.7991201959803%)
Earnings per Share$20.24
Beta1.09
Outstanding Shares484,200,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio17.22
PEG-145.76
Price to Sales2.81
Price to Book Ratio9.49
Enterprise Value to Revenue3.33
Enterprise Value to EBIT16.07
Enterprise Value to Net Income20
Total Debt to Enterprise0.18
Debt to Equity2.08

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Caterpillar Inc.

102,300 employees
CEO: donald Umpleby

Since 1925, Caterpillar Inc. has been helping our customers build a better world - making sustainable progress possible and driving positive change on every continent. With 2019 sales and revenues of $53.8 billion, Caterpillar is the wor...