ESAB - ESAB Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$141.00
DETAILS
HIGH:
$142.00
LOW:
$140.00
MEDIAN:
$141.00
CONSENSUS:
$141.00
UPSIDE:
53.54%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 2,842.6 | 2,740.8 | 2,774.8 | 2,593.5 | 2,428.1 | 1,950.1 | 2,247.0 |
| Cost of Revenue | 1,832.3 | 1,703.3 | 1,759.0 | 1,708.0 | 1,590.1 | 1,267.6 | 1,450.6 |
| Gross Profit | 1,010.2 | 1,037.5 | 1,015.8 | 885.5 | 838.0 | 682.5 | 796.4 |
| Operating Expenses | |||||||
| R&D Expenses | 44 | 39.2 | 38.8 | 36 | 39.7 | 34.8 | 32.2 |
| SG&A Expenses | 608.4 | 497.4 | 497.6 | 443.6 | 426.0 | 381.3 | 444.5 |
| Other Expenses | (134.0) | 53.4 | 75.2 | 76.8 | 66.1 | 64.2 | 63.7 |
| Operating Expenses | 518.4 | 590.0 | 611.6 | 556.5 | 531.8 | 480.3 | 540.4 |
| Operating Income | |||||||
| Operating Income | 491.8 | 447.4 | 404.2 | 329.1 | 306.2 | 202.1 | 256.1 |
| Interest Expense | 79.3 | 64.9 | 85.1 | 38.0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 1.7 | 3.7 | 1.0 |
| Profitability | |||||||
| EBITDA | 491.6 | 531.4 | 509.4 | 435.4 | 404.8 | 299.2 | 354.8 |
| EBIT | 407.6 | 464.8 | 439.7 | 370.3 | 330.2 | 224.5 | 278.2 |
| Income Before Tax | 328.3 | 370.4 | 319.1 | 300.3 | 319.1 | 205.8 | 221.5 |
| Income Tax Expense | 69.2 | 77.3 | 95.7 | 69.2 | 80.4 | 46.0 | 44.7 |
| Net Income | 226.8 | 264.8 | 205.3 | 223.7 | 235.1 | 157.4 | 172.9 |
| Per Share Data | |||||||
| EPS (Basic) | 3.72 | 4.36 | 3.38 | 3.73 | 3.92 | 2.62 | 2.88 |
| EPS (Diluted) | 3.72 | 4.31 | 3.36 | 3.72 | 3.92 | 2.62 | 2.88 |
| Shares Outstanding | 60.9 | 60.4 | 60.2 | 60.1 | 60.0 | 60.0 | 60.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 185.9 | 249.4 | 102.0 | 72.0 | 41.2 | 49.2 | 104.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 451.3 | 370.3 | 385.2 | 374.3 | 383.5 | 329.6 | 364.1 |
| Inventory | 481.8 | 403.7 | 392.9 | 416.8 | 420.1 | 313.4 | 349.5 |
| Other Current Assets | 76.9 | 69.3 | 55.9 | 68.9 | 67.4 | 63.5 | 115.4 |
| Total Current Assets | 1,261.9 | 1,148.4 | 997.7 | 988.7 | 964.1 | 804.9 | 933.9 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 495.2 | 388.2 | 389.9 | 376.3 | 394.2 | 395.9 | 400.2 |
| Goodwill | 1,949.7 | 1,652.0 | 1,588.3 | 1,529.8 | 1,533.0 | 1,553.2 | 1,529.6 |
| Intangible Assets | 673.0 | 488.0 | 499.5 | 517.2 | 521.4 | 577.4 | 582.5 |
| Long-Term Investments | 16.8 | 17.8 | 9.5 | 14.3 | 0 | 0 | 0 |
| Other Non-Current Assets | 311.3 | 339.6 | 343.6 | 342.2 | 48.5 | 54.4 | 44.7 |
| Total Non-Current Assets | 3,504.2 | 2,885.6 | 2,830.9 | 2,765.3 | 2,497.2 | 2,580.9 | 2,557.0 |
| Total Assets | 4,766.1 | 4,034.0 | 3,828.6 | 3,754.0 | 3,461.3 | 3,385.8 | 3,490.9 |
| Current Liabilities | |||||||
| Account Payables | 360.4 | 318.5 | 306.6 | 316.3 | 345.5 | 241.3 | 235.3 |
| Short-Term Debt | 24.5 | 15 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 19.7 | 26.4 | 31.2 | 25.9 | 22.3 | 21.6 | 0 |
| Other Current Liabilities | 131.9 | 178.9 | 182.4 | 116.3 | 74.9 | 104.4 | 200.5 |
| Total Current Liabilities | 664.8 | 632.1 | 620.1 | 601.6 | 596.6 | 460.8 | 435.8 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 1,320.7 | 1,060.7 | 1,018.1 | 1,218.6 | 0 | 0 | 75.7 |
| Deferred Tax Liabilities | 158.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 322.2 | 466.9 | 466.2 | 469.2 | 274.2 | 301.8 | 298.2 |
| Total Non-Current Liabilities | 1,889.8 | 1,593.7 | 1,560.9 | 1,764.0 | 362.9 | 380.2 | 373.9 |
| Total Liabilities | 2,554.6 | 2,225.7 | 2,181.0 | 2,365.6 | 959.5 | 841.1 | 809.7 |
| Stockholders' Equity | |||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 2,898.8 | 3,058.7 |
| Retained Earnings | 800.8 | 597.2 | 350.6 | 159.2 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | (539.7) | (729.6) | (624.3) | (675.0) | (460.9) | (396.2) | (423.5) |
| Total Stockholders' Equity | 2,166.0 | 1,769.0 | 1,607.4 | 1,350.2 | 2,460.7 | 2,502.6 | 2,635.1 |
| Total Liabilities & Equity | 4,766.1 | 4,034.0 | 3,828.6 | 3,754.0 | 3,461.3 | 3,385.8 | 3,490.9 |
| Debt Metrics | |||||||
| Total Debt | 1,433.3 | 1,163.2 | 1,117.5 | 1,313.5 | 109.2 | 97.0 | 75.7 |
| Net Debt | 1,247.5 | 913.9 | 1,015.5 | 1,241.4 | 68.0 | 47.8 | (29.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 233.2 | 270.7 | 216.1 | 228.0 | 238.7 | 159.9 | 176.7 |
| Depreciation & Amortization | 84.1 | 66.8 | 69.7 | 66.0 | 75.9 | 76.6 | 80.1 |
| Stock-Based Compensation | 16.9 | 19.8 | 16.1 | 13.0 | 6.3 | 6.4 | 5.9 |
| Change in Working Capital | (38.9) | (14.4) | 52.5 | (65.5) | (49.8) | 83.6 | (23.2) |
| Other Non-Cash Items | 0.9 | 15.0 | 1.5 | (6.9) | (11.7) | (3.4) | 32.9 |
| Operating Cash Flow | 260.6 | 355.4 | 330.5 | 214.4 | 250.7 | 309.2 | 249.8 |
| Investing Activities | |||||||
| Capital Expenditure | (47.3) | (51.8) | (48.2) | (40.2) | (35.6) | (40.1) | (44.5) |
| Acquisitions | 0 | (149.9) | (18.7) | (149.0) | (4.9) | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (432.6) | (4.1) | 4.6 | 4.8 | 5.2 | 5.6 | 7.0 |
| Investing Cash Flow | (479.9) | (205.7) | (62.2) | (184.4) | (35.3) | (34.6) | (37.5) |
| Financing Activities | |||||||
| Net Debt Issuance | 0 | 65.5 | (202.5) | 1,220.4 | 0.7 | (0.2) | (4.9) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (21.9) | (17.0) | (13.3) | (6.1) | 0 | 0 | 0 |
| Other Financing Activities | 135.6 | (16.8) | (3.9) | (1,206.8) | (222.2) | (326.2) | (171.6) |
| Financing Cash Flow | 113.7 | 31.7 | (219.7) | 7.6 | (221.6) | (326.4) | (176.4) |
| Cash Position | |||||||
| Net Change in Cash | (63.5) | 147.4 | 30.0 | 30.8 | (8) | (55.6) | 33.9 |
| Cash at Beginning | 249.4 | 102.0 | 72.0 | 41.2 | 49.2 | 104.8 | 71.0 |
| Cash at End | 185.9 | 249.4 | 102.0 | 72.0 | 41.2 | 49.2 | 104.8 |
| Free Cash Flow | 213.3 | 303.6 | 282.3 | 174.1 | 215.2 | 269.0 | 205.4 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 2,842.6 | 2,740.8 | 2,774.8 | 2,593.5 | 2,428.1 | 1,950.1 | 2,247.0 |
| Gross Profit | 1,010.2 | 1,037.5 | 1,015.8 | 885.5 | 838.0 | 682.5 | 796.4 |
| Operating Income | 491.8 | 447.4 | 404.2 | 329.1 | 306.2 | 202.1 | 256.1 |
| Net Income | 226.8 | 264.8 | 205.3 | 223.7 | 235.1 | 157.4 | 172.9 |
| EPS (Diluted) | 3.72 | 4.31 | 3.36 | 3.72 | 3.92 | 2.62 | 2.88 |
| Balance Sheet | |||||||
| Cash & Equivalents | 185.9 | 249.4 | 102.0 | 72.0 | 41.2 | 49.2 | 104.8 |
| Total Assets | 4,766.1 | 4,034.0 | 3,828.6 | 3,754.0 | 3,461.3 | 3,385.8 | 3,490.9 |
| Total Debt | 1,433.3 | 1,163.2 | 1,117.5 | 1,313.5 | 109.2 | 97.0 | 75.7 |
| Stockholders' Equity | 2,166.0 | 1,769.0 | 1,607.4 | 1,350.2 | 2,460.7 | 2,502.6 | 2,635.1 |
| Cash Flow | |||||||
| Operating Cash Flow | 260.6 | 355.4 | 330.5 | 214.4 | 250.7 | 309.2 | 249.8 |
| Capital Expenditure | (47.3) | (51.8) | (48.2) | (40.2) | (35.6) | (40.1) | (44.5) |
| Free Cash Flow | 213.3 | 303.6 | 282.3 | 174.1 | 215.2 | 269.0 | 205.4 |