Lennox International Inc. | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Benchmarking Analysis - Financial Statistics and Ratios, Page 1 | |||||||||||||||||||||||||||
($ in millions, except per share data) | |||||||||||||||||||||||||||
Market Valuation | LTM Financial Statistics | LTM Profitability Margins | Growth Rates 1 year | ||||||||||||||||||||||||
Revenue | EBITDA | EPS | |||||||||||||||||||||||||
Company | Ticker | Equity Value |
Enterprise Value |
Revenue | EBITDA | EBIT | Net Income |
EBITDA (%) |
EBIT (%) |
Net Income (%) |
Hist. 1-year |
Est. 1-year |
Hist. 1-year |
Est. 1-year |
Hist. 1-year |
Est. 1-year |
|||||||||||
Lennox International Inc. | LII | $ 10,681.6 | $ 11,694.0 | $ 3,634.1 | $ 560.6 | $ 488.0 | $ 356.3 | 15% | 13% | 10% | (5%) | 6% | 0% | 15% | (11%) | 18% | |||||||||||
Johnson Controls International plc | JCI | 42,598.8 | 50,154.8 | 22,082.0 | 2,978.0 | 2,156.0 | 1,100.0 | 13% | 10% | 5% | (8%) | 4% | (3%) | 18% | (22%) | NM | |||||||||||
Trane Technologies plc | TT | 38,248.7 | 40,612.0 | 12,454.7 | 1,837.9 | 1,593.8 | 869.1 | 15% | 13% | 7% | (5%) | 8% | (4%) | 20% | (14%) | 35% | |||||||||||
A. O. Smith Corporation | AOS | 10,095.0 | 9,564.1 | 2,895.3 | 521.4 | 441.4 | 344.9 | 18% | 15% | 12% | (3%) | 9% | (3%) | 17% | (5%) | 18% | |||||||||||
Watsco, Inc. | WSO | 8,433.2 | 8,692.4 | 5,054.9 | 416.2 | 390.3 | 323.2 | 8% | 8% | 6% | 6% | 5% | 9% | 8% | 8% | 9% | |||||||||||
AAON, Inc. | AAON | 3,806.5 | 3,729.1 | 514.6 | 123.1 | 97.5 | 79.0 | 24% | 19% | 15% | 10% | (2%) | 35% | (2%) | 46% | (12%) | |||||||||||
Mean | 16% | 13% | 9% | (0%) | 5% | 7% | 12% | 3% | 49% | ||||||||||||||||||
Median | 15% | 13% | 7% | (3%) | 5% | (3%) | 17% | (5%) | 18% | ||||||||||||||||||
High | 24% | 19% | 15% | 10% | 9% | 35% | 20% | 46% | NM | ||||||||||||||||||
Low | 8% | 8% | 5% | (8%) | (2%) | (4%) | (2%) | (22%) | (12%) | ||||||||||||||||||
Lennox International Inc. | |||||||||||||||||||||||||||
Benchmarking Analysis - Financial Statistics and Ratios, Page 2 | |||||||||||||||||||||||||||
($ in millions, except per share data) | |||||||||||||||||||||||||||
General | Return on Investment | LTM Leverage Ratios | LTM Coverage Ratios | ||||||||||||||||||||||||
Company | Ticker | FYE | Beta | ROIC (%) |
ROE (%) |
ROA (%) |
Implied Div. Yield (%) |
Debt / Tot. Cap. (%) |
Debt / EBITDA (x) |
Net Debt / EBITDA (x) |
EBITDA / Int. Exp (x) |
(EBITDA - Cpx) / Int. (x) |
EBIT / Int. Exp. (x) |
||||||||||||||
Lennox International Inc. | LII | Dec-31 | 0.82 | 25% | NM | 18% | 4% | NM | 3.7x | 3.4x | 19.8x | 17.0x | 17.2x | ||||||||||||||
Johnson Controls International plc | JCI | Sep-30 | 1.11 | 5% | 6% | 3% | 7% | 55% | 7.6x | 7.0x | 13.3x | 11.5x | 9.6x | ||||||||||||||
Trane Technologies plc | TT | Dec-31 | 1.24 | 9% | 13% | 4% | 6% | 65% | 6.4x | 4.6x | 7.5x | 6.9x | 6.5x | ||||||||||||||
A. O. Smith Corporation | AOS | Dec-31 | 1.04 | 18% | 20% | 11% | 7% | 42% | 2.5x | 1.2x | 71.4x | 63.6x | 60.5x | ||||||||||||||
Watsco, Inc. | WSO | Dec-31 | 0.72 | 16% | 18% | 13% | 12% | 28% | 1.7x | 1.3x | NM | NM | NM | ||||||||||||||
AAON, Inc. | AAON | Dec-31 | 0.64 | 27% | 25% | 19% | 2% | 22% | 0.8x | 0.2x | NM | NM | NM | ||||||||||||||
Mean | 15% | 16% | 10% | 7% | 42% | 3.8x | 2.9x | NM | NM | NM | |||||||||||||||||
Median | 16% | 18% | 11% | 7% | 42% | 2.5x | 1.3x | 71.4x | 63.6x | 60.5x | |||||||||||||||||
High | 27% | 25% | 19% | 12% | 65% | 7.6x | 7.0x | NM | NM | NM | |||||||||||||||||
Low | 5% | 6% | 3% | 2% | 22% | 0.8x | 0.2x | 7.5x | 6.9x | 6.5x | |||||||||||||||||
Lennox International Inc. | |||||||||||||||||||||||||||
Comparable Companies Analysis | |||||||||||||||||||||||||||
($ in millions, except per share data) | |||||||||||||||||||||||||||
Enterprise Value / | Price / | ||||||||||||||||||||||||||
Company | Ticker | Current Share Price |
% of 52-wk high |
Equity Value |
Enterprise Value |
LTM Revenue |
2021E Revenue |
2022E Revenue |
LTM EBITDA |
2021E EBITDA |
2022E EBITDA |
LTM EBIT |
2021E EBIT |
2022E EBIT |
LTM EBITDA Margin |
Total Debt / EBITDA |
LTM EPS |
2021E EPS |
2022E EPS |
||||||||
Lennox International Inc. | LII | $ 283.1 | 89% | $ 10,681.6 | $ 11,694.0 | 3.2x | 3.0x | 2.9x | 20.9x | 18.2x | 16.9x | 24.0x | 20.5x | 18.9x | 15% | 3.7x | 30.6x | 25.9x | 23.6x | ||||||||
Johnson Controls International plc | JCI | 59.2 | 100% | 42,598.8 | 50,154.8 | 2.3x | 2.2x | 2.1x | 16.8x | 14.6x | 13.4x | 23.3x | 19.4x | 17.6x | 13% | 7.6x | 55.1x | 23.9x | 21.1x | ||||||||
Trane Technologies plc | TT | 160.4 | 100% | 38,248.7 | 40,612.0 | 3.3x | 3.0x | 2.9x | 22.1x | 18.4x | 17.0x | 25.5x | 21.2x | 19.5x | 15% | 6.4x | 39.9x | 29.6x | 26.7x | ||||||||
A. O. Smith Corporation | AOS | 62.5 | 99% | 10,095.0 | 9,564.1 | 3.3x | 3.0x | 2.9x | 18.3x | 15.7x | 14.5x | 21.7x | 18.0x | 16.6x | 18% | 2.5x | 29.5x | 25.0x | 23.2x | ||||||||
Watsco, Inc. | WSO | 239.7 | 90% | 8,433.2 | 8,692.4 | 1.7x | 1.6x | 1.6x | 20.9x | 19.4x | 18.4x | 22.3x | 20.4x | 19.4x | 8% | 1.7x | 34.2x | 31.5x | 30.6x | ||||||||
AAON, Inc. | AAON | 72.8 | 90% | 3,806.5 | 3,729.1 | 7.2x | 7.4x | 6.9x | 30.3x | 31.0x | 27.6x | 38.3x | 40.4x | 34.7x | 24% | 0.8x | 48.9x | 55.6x | 48.0x | ||||||||
Mean | 3.6x | 3.4x | 3.3x | 21.7x | 19.8x | 18.2x | 26.2x | 23.9x | 21.6x | 16% | 3.8x | 41.5x | 33.1x | 29.9x | |||||||||||||
1st Quartile | 2.3x | 2.2x | 2.1x | 18.3x | 15.7x | 14.5x | 22.3x | 19.4x | 17.6x | 13% | 1.7x | 34.2x | 25.0x | 23.2x | |||||||||||||
Median | 3.3x | 3.0x | 2.9x | 20.9x | 18.4x | 17.0x | 23.3x | 20.4x | 19.4x | 15% | 2.5x | 39.9x | 29.6x | 26.7x | |||||||||||||
3rd Quartile | 3.3x | 3.0x | 2.9x | 22.1x | 19.4x | 18.4x | 25.5x | 21.2x | 19.5x | 18% | 6.4x | 48.9x | 31.5x | 30.6x | |||||||||||||
High | 7.2x | 7.4x | 6.9x | 30.3x | 31.0x | 27.6x | 38.3x | 40.4x | 34.7x | 24% | 7.6x | 55.1x | 55.6x | 48.0x | |||||||||||||
Low | 1.7x | 1.6x | 1.6x | 16.8x | 14.6x | 13.4x | 21.7x | 18.0x | 16.6x | 8% | 0.8x | 29.5x | 23.9x | 21.1x | |||||||||||||
Lennox International Inc. | |||||||||||||||||||||||||||
Comparable Companies Analysis | |||||||||||||||||||||||||||
($ in millions, except per share data) | |||||||||||||||||||||||||||
EV / EBITDA | P/E | ||||||||||||||||||||||||||
Company | Ticker | Current Share Price |
% of 52-wk high |
Equity Value |
Enterprise Value |
2021E | 2022E | 2021E EBITDA Margin |
LTM Debt / EBITDA |
LTM Int. Exp / EBITDA |
2021E | 2022E | LT EPS Growth |
Dividend Yield |
|||||||||||||
Lennox International Inc. | LII | $ 283.1 | 89% | $ 10,681.6 | $ 11,694.0 | 18.2x | 16.9x | 17% | 3.7x | 0.1x | 25.9x | 23.6x | 4% | 4% | |||||||||||||
Johnson Controls International plc | JCI | 59.2 | 100% | 42,598.8 | 50,154.8 | 14.6x | 13.4x | 15% | 7.6x | 0.1x | 23.9x | 21.1x | (0%) | 7% | |||||||||||||
Trane Technologies plc | TT | 160.4 | 100% | 38,248.7 | 40,612.0 | 18.4x | 17.0x | 16% | 6.4x | 0.1x | 29.6x | 26.7x | 16% | 6% | |||||||||||||
A. O. Smith Corporation | AOS | 62.5 | 99% | 10,095.0 | 9,564.1 | 15.7x | 14.5x | 19% | 2.5x | 0.0x | 25.0x | 23.2x | 4% | 7% | |||||||||||||
Watsco, Inc. | WSO | 239.7 | 90% | 8,433.2 | 8,692.4 | 19.4x | 18.4x | 8% | 1.7x | 0.0x | 31.5x | 30.6x | (19%) | 12% | |||||||||||||
AAON, Inc. | AAON | 72.8 | 90% | 3,806.5 | 3,729.1 | 31.0x | 27.6x | 24% | 0.8x | 0.0x | 55.6x | 48.0x | 2% | 2% | |||||||||||||
Mean | 19.8x | 18.2x | 17% | 3.8x | 0.0x | 33.1x | 29.9x | 1% | 7% | ||||||||||||||||||
1st Quartile | 15.7x | 14.5x | 15% | 1.7x | 0.0x | 25.0x | 23.2x | (0%) | 6% | ||||||||||||||||||
Median | 18.4x | 17.0x | 16% | 2.5x | 0.0x | 29.6x | 26.7x | 2% | 7% | ||||||||||||||||||
3rd Quartile | 19.4x | 18.4x | 19% | 6.4x | 0.1x | 31.5x | 30.6x | 4% | 7% | ||||||||||||||||||
High | 31.0x | 27.6x | 24% | 7.6x | 0.1x | 55.6x | 48.0x | 16% | 12% | ||||||||||||||||||
Low | 14.6x | 13.4x | 8% | 0.8x | 0.0x | 23.9x | 21.1x | (19%) | 2% |
Data sourced from © 2020, S&P Global Market Intelligence.