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 $166.35 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $165.69 - $169.3, and closed at $166.94.

This is a -0.06% slip from the previous day's closing price.

A total volume of 187,078 shares were traded at the close of the day’s session.

In the last one week, shares of Encore Wire Corporation have increased by +0.12%.

Encore Wire Corporation's Key Ratios

Encore Wire Corporation has a market cap of $2.81 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 $2.75 billion with a gross profit of $1.11 billion and an EBITDA of $740.45 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 25.82% while its return on assets stood at 23.5% with a return of equity of 33.72%.

In Q2, Encore Wire Corporation’s quarterly earnings growth was a negative -43.9% while revenue growth was a negative 24.1%.

Encore Wire Corporation’s PE and PEG Ratio

Forward PE

0

Trailing PE

5.4181

PEG

2.09

Its diluted EPS in the last 12-months stands at $30.83 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 0.26%.

Balance sheet and cash flow metrics

Total Assets

$2.01 billion

Total Liabilities

$161.45 million

Operating Cash Flow

$-42966000.00

Capital Expenditure

$42.97 million

Dividend Payout Ratio

0.26%

Encore Wire Corporation ended 2024 with $2.01 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.01 billion while shareholder equity stood at $1.80 billion.

Encore Wire Corporation ended 2024 with $0 in deferred long-term liabilities, $161.45 million in other current liabilities, 272000.00 in common stock, $2.36 billion in retained earnings and $0 in goodwill. Its cash balance stood at $667.79 million and cash and short-term investments were $667.79 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 $1.33 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $488.88 million compared to accounts payable of $90.73 million and inventory worth $163.22 million.

In 2024, Encore Wire Corporation's operating cash flow was $-42966000.00 while its capital expenditure stood at $42.97 million.

Comparatively, Encore Wire Corporation paid $0.00 in dividends in 2024.

Other key metrics

Current Trading Price

$166.94

52-Week High

$206.6929

52-Week Low

$108.4717

Analyst Target Price

$240.5

Encore Wire Corporation stock is currently trading at $166.94 per share. It touched a 52-week high of $206.6929 and a 52-week low of $206.6929. Analysts tracking the stock have a 12-month average target price of $240.5.

Its 50-day moving average was $167.85 and 200-day moving average was $165.76 The short ratio stood at 12.45 indicating a short percent outstanding of 0%.

Around 502.1% of the company’s stock are held by insiders while 10253.2% are held by institutions.