Overview Dividends

(CNM) Core & Main - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US21874C1027

Pipe, Valve, Hydrant, Fitting, Meter

CNM EPS (Earnings per Share)

EPS Growth (3Y CAGR): -50.47%
EPS Trend (3Y Correlation): -24.2%

CNM Revenue

Revenue Growth (3Y CAGR): 5.26%
Revenue Trend (3Y Correlation): 56.5%

Risk via 10d forecast
Volatility	36.0%
Value at Risk 5%th	51.3%
Relative Tail Risk	-13.38%

Reward TTM
Sharpe Ratio	0.38
Alpha	-1.99

Character TTM
Hurst Exponent	0.524
Beta	0.961
Beta Downside	0.848

Drawdowns 3y
Max DD	38.74%
Mean DD	10.34%
Median DD	7.60%

Description: CNM Core & Main October 30, 2025

Core & Main, Inc. (NYSE: CNM) is a U.S.–based distributor of water-related infrastructure products, including pipes, valves, hydrants, storm-drainage systems, fire-protection components, and smart-metering solutions. Founded in 1874 and headquartered in St. Louis, Missouri, the firm serves municipalities, private water utilities, and contractors across residential, non-residential, and municipal markets, providing both standard catalog items and value-added services such as fabrication, kitting, and long-term maintenance contracts.

According to its most recent Form 10-K (FY 2023), Core & Main generated roughly $1.4 billion in revenue with an adjusted EBITDA margin near 9 %, and carries a debt-to-equity ratio of about 1.2 ×. The U.S. water-infrastructure market is projected to receive $110 billion in public and private capital over the next five years, driven by aging pipe networks, stricter EPA discharge standards, and climate-induced storm-water challenges-factors that should sustain demand for the company’s core product lines. However, the firm’s earnings visibility remains sensitive to municipal budget cycles and the pace of federal infrastructure spending, which are subject to political and fiscal uncertainty.

Given Core & Main’s niche distribution model and exposure to a growing water-infrastructure spend, investors should monitor the company’s order-backlog trends, margin performance on value-added services, and any shifts in credit terms with municipal customers. For a deeper quantitative breakdown, the ValueRay platform offers a granular view of Core & Main’s valuation metrics and scenario analyses.

CNM Stock Overview

Market Cap in USD	10,280m
Sub-Industry	Trading Companies & Distributors
IPO / Inception	2021-07-22
Return 12m vs S&P 500	-1.85%
Analyst Rating	4.07 of 5

CNM Dividends

Currently no dividends paid

CNM Growth Ratios

CAGR 3y	30.69%
CAGR/Max DD Calmar Ratio	0.79
CAGR/Mean DD Pain Ratio	2.97
Current Volume	2321.3k
Average Volume	1759.1k

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (431.0m TTM) > 0 and > 6% of Revenue (6% = 464.4m TTM)

FCFTA 0.09 (>2.0%) and ΔFCFTA -3.40pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 18.00% (prev 18.73%; Δ -0.73pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 606.0m > Net Income 431.0m (YES >=105%, WARN >=100%)

Net Debt (2.51b) to EBITDA (926.0m) ratio: 2.71 <= 3.0 (WARN <= 3.5)

Current Ratio 2.25 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (198.3m) change vs 12m ago -2.15% (target <= -2.0% for YES)

Gross Margin 26.67% (prev 26.74%; Δ -0.07pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 124.8% (prev 114.3%; Δ 10.47pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 5.50 (EBITDA TTM 926.0m / Interest Expense TTM 133.0m) >= 6 (WARN >= 3)

Altman Z'' 2.73

(A) 0.22 = (Total Current Assets 2.51b - Total Current Liabilities 1.12b) / Total Assets 6.31b

(B) 0.10 = Retained Earnings (Balance) 642.0m / Total Assets 6.31b

(D) 0.15 = Book Value of Equity 643.0m / Total Liabilities 4.34b

Total Rating: 2.73 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 68.12

1. Piotroski 6.0pt = 1.0

2. FCF Yield 4.41% = 2.21

3. FCF Margin 7.29% = 1.82

4. Debt/Equity 1.34 = 1.66

5. Debt/Ebitda 2.71 = -1.32

6. ROIC - WACC (= 6.14)% = 7.67

7. RoE 24.63% = 2.05

8. Rev. Trend 56.51% = 4.24

9. EPS Trend -24.15% = -1.21

What is the price of CNM shares?

As of November 15, 2025, the stock is trading at USD 47.15 with a total of 2,321,303 shares traded.
Over the past week, the price has changed by -7.37%, over one month by -8.92%, over three months by -26.91% and over the past year by +12.50%.

Is Core & Main a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Core & Main (NYSE:CNM) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 68.12 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CNM is around 46.24 USD . This means that CNM is currently overvalued and has a potential downside of -1.93%.

Is CNM a buy, sell or hold?

Core & Main has received a consensus analysts rating of 4.07. Therefore, it is recommended to buy CNM.

Strong Buy: 6
Buy: 4
Hold: 3
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the CNM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	59.8	26.7%
Analysts Target Price	59.8	26.7%
ValueRay Target Price	51.3	8.7%

CNM Fundamental Data Overview November 05, 2025

Market Cap USD = 10.28b (10.28b USD * 1.0 USD.USD)
P/E Trailing = 23.2455
P/E Forward = 22.8833
P/S = 1.3282
P/B = 5.3739
P/EG = 1.8143
Beta = 0.988
Revenue TTM = 7.74b USD
EBIT TTM = 731.0m USD
EBITDA TTM = 926.0m USD
Long Term Debt = 2.23b USD (from longTermDebt, last quarter)
Short Term Debt = 97.0m USD (from shortTermDebt, last quarter)
Debt = 2.53b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.51b USD (from netDebt column, last quarter)
Enterprise Value = 12.79b USD (10.28b + Debt 2.53b - CCE 25.0m)
Interest Coverage Ratio = 5.50 (Ebit TTM 731.0m / Interest Expense TTM 133.0m)
FCF Yield = 4.41% (FCF TTM 564.0m / Enterprise Value 12.79b)
FCF Margin = 7.29% (FCF TTM 564.0m / Revenue TTM 7.74b)
Net Margin = 5.57% (Net Income TTM 431.0m / Revenue TTM 7.74b)
Gross Margin = 26.67% ((Revenue TTM 7.74b - Cost of Revenue TTM 5.68b) / Revenue TTM)
Gross Margin QoQ = 26.76% (prev 26.69%)
Tobins Q-Ratio = 2.03 (Enterprise Value 12.79b / Total Assets 6.31b)
Interest Expense / Debt = 1.22% (Interest Expense 31.0m / Debt 2.53b)
Taxrate = 22.53% (41.0m / 182.0m)
NOPAT = 566.3m (EBIT 731.0m * (1 - 22.53%))
Current Ratio = 2.25 (Total Current Assets 2.51b / Total Current Liabilities 1.12b)
Debt / Equity = 1.34 (Debt 2.53b / totalStockholderEquity, last quarter 1.89b)
Debt / EBITDA = 2.71 (Net Debt 2.51b / EBITDA 926.0m)
Debt / FCF = 4.45 (Net Debt 2.51b / FCF TTM 564.0m)
Total Stockholder Equity = 1.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.83% (Net Income 431.0m / Total Assets 6.31b)
RoE = 24.63% (Net Income TTM 431.0m / Total Stockholder Equity 1.75b)
RoCE = 18.35% (EBIT 731.0m / Capital Employed (Equity 1.75b + L.T.Debt 2.23b))
RoIC = 13.99% (NOPAT 566.3m / Invested Capital 4.05b)
WACC = 7.86% (E(10.28b)/V(12.81b) * Re(9.56%) + D(2.53b)/V(12.81b) * Rd(1.22%) * (1-Tc(0.23)))
Discount Rate = 9.56% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -6.05%
[DCF Debug] Terminal Value 64.07% ; FCFE base≈639.6m ; Y1≈422.4m ; Y5≈195.4m
Fair Price DCF = 15.91 (DCF Value 3.03b / Shares Outstanding 190.7m; 5y FCF grow -39.58% → 3.0% )
EPS Correlation: -24.15 | EPS CAGR: -50.47% | SUE: -4.0 | # QB: 0
Revenue Correlation: 56.51 | Revenue CAGR: 5.26% | SUE: -0.46 | # QB: 0

Additional Sources for CNM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle