Eaton Corp. Plc is a diversified power management company, which provides energy-efficient solutions for electrical, hydraulic and mechanical power. It operates through the following segments: Electrical Products, Electrical Systems and Services; Hydraulics; Aerospace, Vehicle and eMobility. The Electrical Products segment consists of electrical components, industrial components, residential products, single phase power quality, emergency lighting, fire detection, wiring devices, structural support systems, circuit protection, and lighting products. The Electrical Systems and Services segment consists of power distribution and assemblies, three phase power quality, hazardous duty electrical equipment, intrinsically safe explosion-proof instrumentation, utility power distribution, power reliability equipment, and services. The Hydraulics segment includes hydraulics components, systems and services for industrial and mobile equipment. The Aerospace segment is produces aerospace fuel, hydraulics, and pneumatic systems for commercial and military use. The Vehicle segment engages in designing, manufacturing, marketing, and supply of drivetrain and powertrain systems and critical components that reduce emissions and improve fuel economy, stability, performance and safety of cars, light trucks and commercial vehicles. The eMobility segment designs, manufactures, markets, and supplies electrical and electronic components and systems that improve the power management and performance of both on-road and off-road vehicles. The company was founded in 2011 and is headquartered in Dublin, Ireland.
Highlights
Eaton's debt has increased by 2.3% YoY but it has decreased by 2% QoQ
The P/E is 71% higher than the 5-year quarterly average of 15.1 and 45% higher than the last 4 quarters average of 17.8
The quick ratio is down by 47% year-on-year and by 16% since the previous quarter
Key stats
What are the main financial stats of ETN
Market
Shares outstanding
400.1M
Market cap
$38.55B
Enterprise value
$46.84B
Valuations
Price to earnings (P/E)
25.76
Price to book (P/B)
2.72
Price to sales (P/S)
2.01
EV/EBIT
22.39
EV/EBITDA
15.98
EV/Sales
2.44
Earnings
Revenue
$19.2B
EBIT
$2.09B
EBITDA
$2.93B
Free cash flow
$2.61B
Per share
EPS
$3.74
Free cash flow per share
$6.52
Book value per share
$35.47
Revenue per share
$47.94
TBVPS
$33.99
Balance sheet
Total assets
$30.35B
Total liabilities
$16.11B
Debt
$8.59B
Equity
$14.19B
Working capital
$2.72B
Liquidity
Debt to equity
0.61
Current ratio
1.5
Quick ratio
0.57
Net debt/EBITDA
2.83
Margins
EBITDA margin
15.3%
Gross margin
31%
Net margin
8%
Operating margin
10.7%
Efficiency
Return on assets
4.9%
Return on equity
10.2%
Return on invested capital
12.1%
Return on capital employed
8.4%
Return on sales
10.9%
Dividend
Dividend yield
2.99%
DPS
$2.88
Payout ratio
77%
ETN stock price
How has the Eaton stock price performed over time
Financial performance
How have Eaton's revenue and profit performed over time
Revenue
$19.2B
Gross profit
$5.95B
Operating income
$2.06B
Net income
$1.54B
Gross margin
31%
Net margin
8%
The net income has declined by 30% year-on-year and by 28% since the previous quarter
ETN's operating income is down by 25% YoY and by 23% QoQ
Eaton's net margin has decreased by 22% QoQ and by 22% YoY
Eaton's gross profit has decreased by 17% YoY and by 13% QoQ
Valuation
What is Eaton stock price valuation
P/E
25.76
P/B
2.72
P/S
2.01
EV/EBIT
22.39
EV/EBITDA
15.98
EV/Sales
2.44
The P/E is 71% higher than the 5-year quarterly average of 15.1 and 45% higher than the last 4 quarters average of 17.8
The EPS is down by 28% year-on-year and by 27% since the previous quarter
The P/B is 36% above the 5-year quarterly average of 2.0 and 18% above the last 4 quarters average of 2.3
Eaton's equity has decreased by 13% YoY
The P/S is 26% higher than the 5-year quarterly average of 1.6 and 18% higher than the last 4 quarters average of 1.7
ETN's revenue is down by 12% year-on-year and by 8% since the previous quarter
Efficiency
How efficient is Eaton business performance
The ROIC fell by 30% YoY and by 24% QoQ
The ROA has contracted by 30% YoY and by 27% from the previous quarter
The company's return on equity fell by 25% QoQ and by 24% YoY
The ROS is down by 19% since the previous quarter and by 14% year-on-year
Dividends
What is ETN's dividend history
DPS
$2.88
Dividend yield
2.99%
Payout ratio
77%
Recent dividends
Financial health
How did Eaton financials performed over time
The total assets is 88% more than the total liabilities
The quick ratio is down by 47% year-on-year and by 16% since the previous quarter
The current ratio has declined by 18% year-on-year and by 14% since the previous quarter
Eaton's debt is 40% lower than its equity
Eaton's debt has increased by 2.3% YoY but it has decreased by 2% QoQ
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.