WCC
Wesco International, Inc.
Industrial/Transportation
05/17/2023
Presented
| Date | 05/12/2023 |
| Price | $128.19 |
| Market Cap | $6.57B |
| Ent Value | $13.90B |
| P/E Ratio | 8.2x |
| Book Value | $89.64 |
| Div Yield | 0.29% |
| Shares O/S | 51.27M |
| Ave Daily Vol | 616,414 |
| Short Int | 3.19% |
Current
| Price | $172.45 |
| Market Cap | $8.48B |
| WESCO International, Inc. is a holding company, which engages in the provision of electrical, industrial, communications maintenance, repair and operating, and original equipment manufacturer products. It also offers construction materials, and supply chain management and logistics services. Its product categories include general supplies, wire, cable and conduit, communications and security, electrical distribution and controls, lighting and sustainability, and automation, controls, and motors. The company operates through the following segments: Electrical & Electronic, Communications & Security, and Utility & Broadband Solutions. The Electrical & Electronic Solutions segment supplies a broad range of products and supply chain solutions primarily to the construction, industrial and original equipment manufacturer markets. The Communications & Security Solutions segment offers products and customized supply chain solutions to customers in a diverse range of industries including technology, finance, telecommunications service providers, transportation, education, government, healthcare, and retail. The Utility & Broadband Solutions segment provides electrical transmission and distribution products, power plant maintenance, repair and operations supplies, and smart-grid products, and arranges materials management and procurement outsourcing for the power generation, power transmission and electricity distribution industries. The company was founded in 1993 and is headquartered in Pittsburgh, PA. |
Publicly traded companies mentioned herein: WESCO International Inc (WCC)
Highlights
The presenter is long shares of WESCO International Inc. (WCC), a distributor of electrical, utility & broadband, and network & security products due to its extremely cheap valuation relative to peers. He believes bears are unfairly punishing WESCO based on concerns about recent earnings growth and cash flow conversion. The presenter doesn't share these concerns and is confident the company can generate at least $1B of cash over the next three quarters, which is in line with guidance. He also believes free cash conversion will improve as working capital demands slow and that WCC can generate cash equal to or greater than its entire market cap over the next cycle.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.