Added to YB: 2024-01-25
Pitch date: 2024-01-25
ETN [bearish]
Eaton Corporation plc
-38.88%
current return
Author Info
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Company Info
Eaton Corporation plc operates as a power management company in the United States, Canada, Latin America, Europe, and the Asia Pacific.
Market Cap
$131.9B
Pitch Price
$239.92
Price Target
166.00 (-50%)
Dividend
1.22%
EV/EBITDA
22.25
P/E
34.00
EV/Sales
5.36
Sector
Electrical Equipment
Category
dividend
Show full summary:
Eaton ($ETN) - Trading above my target buy price
ETN: Diverse power mgmt co. 5yr sales CAGR -3% to 5%, rising FCF & divs. Record backlogs: $9.4B Elec, $3.1B Aero. AI data center & utility opps from energy needs & climate. Risks: complexity, restructuring, pensions. CEO allocated $20B to M&A & buybacks. Rich 24.5x P/E vs 15x hist. DCF: $141 (-41%). Buy <$166 (-31%). Cyclical risk.
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