WAB

Wabtec Corp/DE

Industrial/Transportation


Presented:05/19/2017
Price:$81.86
Cap:$7.86B
Current Price:$187.25
Cap:$32.80B

Presented

Date05/19/2017
Price$81.86
Market Cap$7.86B
Ent Value$9.09B
P/E Ratio26.41x
Book Value$24.52
Div Yield0.01%
Shares O/S95.99M
Ave Daily Vol904,473
Short IntN/A

Current

Price$187.25
Market Cap$32.80B
Westinghouse Air Brake Technologies Corp. engages in the provision of value added technology based equipment and services for the global rail industry. It operates through the following segments: Freight and Transit. The Freight Segment manufactures and services components for new and existing locomotives and freight cars; supplies rail control and infrastructure products including electronics, positive train control equipment, and signal design and engineering services; overhauls locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit Segment operates as faiveley transport, which manufactures and services components for new and existing passenger transit vehicles, typically regional trains, high speed trains, subway cars, light-rail vehicles and buses; supplies rail control and infrastructure products including electronics, positive train control equipment, and signal design and engineering services; builds new commuter locomotives; and refurbishes passenger transit vehicles. The company was founded in November 1999 and is headquartered in Wilmerding, PA.

Publicly traded companies mentioned herein: Wabtec Corp (WAB)

Highlights

The presenter is short shares of Wabtec (WAB), a supplier of rail and freight components, speculating the company will miss earnings guidance over the next two years as revenues fall and margins contract, due to declining rail capex and Positive Train Control (PTC) dynamics among others. The presenter models $2.75 in earnings, which on WAB’s current ~25x P/E multiple, would translate to a $70 share price, with further downside should multiples contract.

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Idea Discussion

Commentor 1 - 2 weeks ago

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