Encore Wire Corporation

Company Profile

Encore Wire Corporation had its IPO on 1992-07-16 under the ticker symbol WIRE.

The company operates in the Industrials sector and Electrical Equipment & Parts industry. Encore Wire Corporation has a staff strength of 1,672 employees.

Stock update

Shares of Encore Wire Corporation opened at $164.27 at the start of the last trading session i.e. 2023-06-02.

The stocks traded within a range of $164.05 - $170.83, and closed at $170.42.

This is a +5.8% increase from the previous day's closing price.

A total volume of 208,986 shares were traded at the close of the day’s session.

In the last one week, shares of Encore Wire Corporation have increased by +5.31%.

Encore Wire Corporation's Key Ratios

Encore Wire Corporation has a market cap of $2.83 billion, indicating a price to book ratio of 1.5588 and a price to sales ratio of 0.847.

In the last 12-months Encore Wire Corporation’s revenue was $2.95 billion with a gross profit of $1.11 billion and an EBITDA of $881.56 million. The EBITDA ratio measures Encore Wire Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Encore Wire Corporation’s operating margin was 28.9% while its return on assets stood at 29.19% with a return of equity of 41.49%.

In Q1, Encore Wire Corporation’s quarterly earnings growth was a negative -18.3% while revenue growth was a negative 8.7%.

Encore Wire Corporation’s PE and PEG Ratio

Forward PE

0

Trailing PE

4.5439

PEG

2.09

Its diluted EPS in the last 12-months stands at $35.45 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 2.09. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Encore Wire Corporation’s profitability.

Encore Wire Corporation stock is trading at a EV to sales ratio of 0.6816 and a EV to EBITDA ratio of 2.2072. Its price to sales ratio in the trailing 12-months stood at 0.847.

Encore Wire Corporation stock pays annual dividends of $0.08 per share, indicating a yield of 0.05% and a payout ratio of 0.23%.

Balance sheet and cash flow metrics

Total Assets

$2.00 billion

Total Liabilities

$129.17 million

Operating Cash Flow

$-31768000.00

Capital Expenditure

$31.77 million

Dividend Payout Ratio

0.23%

Encore Wire Corporation ended 2023 with $2.00 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.00 billion while shareholder equity stood at $1.81 billion.

Encore Wire Corporation ended 2023 with $0 in deferred long-term liabilities, $129.17 million in other current liabilities, 272000.00 in common stock, $2.26 billion in retained earnings and $0 in goodwill. Its cash balance stood at $697.42 million and cash and short-term investments were $697.42 million. The company’s total short-term debt was $0 while long-term debt stood at $0.

Encore Wire Corporation’s total current assets stands at $1.35 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $479.83 million compared to accounts payable of $41.59 million and inventory worth $173.88 million.

In 2023, Encore Wire Corporation's operating cash flow was $-31768000.00 while its capital expenditure stood at $31.77 million.

Comparatively, Encore Wire Corporation paid $0.00 in dividends in 2023.

Other key metrics

Current Trading Price

$170.42

52-Week High

$206.7158

52-Week Low

$94.3498

Analyst Target Price

$255

Encore Wire Corporation stock is currently trading at $170.42 per share. It touched a 52-week high of $206.7158 and a 52-week low of $206.7158. Analysts tracking the stock have a 12-month average target price of $255.

Its 50-day moving average was $166.91 and 200-day moving average was $152.12 The short ratio stood at 8.8 indicating a short percent outstanding of 0%.

Around 487.6% of the company’s stock are held by insiders while 10390.4% are held by institutions.