The Manitowoc Company, Inc. (MTW) vs Titan International, Inc. (TWI)

The Manitowoc Company, Inc. and Titan International, Inc. are both Farm & Heavy Construction Machinery companies. The Manitowoc Company, Inc. is the larger, with a market value of $772.8M against $456.3M — 1.7× the size. Titan International, Inc. has negative trailing earnings, so its P/E is not meaningful; The Manitowoc Company, Inc. trades at 39.6×. The Manitowoc Company, Inc. grew revenue faster over the last twelve months: 8.86% against 4.69%. The Manitowoc Company, Inc. has the higher net margin (0.87% vs −4.11%) and the higher return on invested capital (4.24% vs −0.11%). Across the 19 metrics below, The Manitowoc Company, Inc. leads on 15 and Titan International, Inc. on 4.

Valuation

Metric MTW TWI Farm & Heavy Construction Machinery median
P/E 39.61 n/m 23.38
P/S 0.34 0.24 0.81
P/B 1.14 0.89 1.43
Price to free cash flow 11.07 n/m 25.31
EV/EBITDA 8.61 12.93 12.13
EV/Sales 0.51 0.47 1.20
Earnings yield 2.52% (17.09%) 2.73%
Free cash flow yield 9.03% (1.72%) 3.02%

Profitability

Metric MTW TWI Farm & Heavy Construction Machinery median
Gross margin 18.72% 14.03% 24.21%
Operating margin 3.14% (0.09%) 4.47%
Net margin 0.87% (4.11%) 1.49%
Free cash flow margin 3.11% (0.42%) 2.15%
Return on equity 2.92% (14.12%) 4.16%
Return on assets 1.06% (4.42%) 1.45%
Return on invested capital 4.24% (0.11%) 3.36%

Growth

Metric MTW TWI Farm & Heavy Construction Machinery median
Revenue growth (TTM) 8.86% 4.69% 2.18%
EPS growth (last fiscal year) (87.18%) (1,150.00%) —
Revenue growth, 5-year CAGR 9.20% 7.74% 7.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MTW TWI Farm & Heavy Construction Machinery median
Debt to equity 0.67 1.16 0.67
Current ratio 2.11 2.11 1.98
Net debt to EBITDA 3.24 4.36 1.12

Dividend

Metric MTW TWI Farm & Heavy Construction Machinery median
Dividend yield — — 1.45%
Payout ratio 0.00 0.00 0.08

Size

Metric MTW TWI Farm & Heavy Construction Machinery median
Market cap 772.81m 456.31m 772.81m

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