Overview Dividends

(CNM) Core & Main - Ratings and Ratios

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

Pipes, Valves, Hydrants, Fittings, Smart Metering

CNM EPS (Earnings per Share)

EPS Growth (3Y CAGR): 0.00%
EPS Trend (3Y Correlation): -41.0%

CNM Revenue

Revenue Growth (3Y CAGR): 0.97%
Revenue Trend (3Y Correlation): 32.1%

Description: CNM Core & Main

Core & Main Inc (NYSE:CNM) is a leading distributor of water, wastewater, storm drainage, and fire protection products and services in the United States, serving municipalities, private water companies, and contractors across various end markets. The companys extensive product portfolio includes pipes, valves, hydrants, fittings, and smart metering solutions, which are used for the maintenance, repair, replacement, and construction of critical infrastructure.

From a business perspective, Core & Mains diversified product offerings and services enable it to capitalize on the growing demand for infrastructure development and replacement. The companys focus on smart metering solutions and engineered treatment plant products positions it for potential long-term growth, driven by increasing adoption of advanced technologies in the water infrastructure sector. Key performance indicators (KPIs) to monitor include revenue growth, gross margin expansion, and return on equity (ROE), which currently stands at 24.63%. Other relevant KPIs include the companys debt-to-equity ratio and operating cash flow margin.

In terms of market positioning, Core & Main operates within the Trading Companies & Distributors industry, with a market capitalization of approximately $12.3 billion. The companys valuation multiples, including a P/E ratio of 28.86 and forward P/E of 27.70, suggest a relatively high valuation compared to its earnings. Investors should consider these metrics in the context of the companys growth prospects, industry trends, and overall market conditions.

To further evaluate Core & Mains investment potential, it is essential to analyze its financial statements, management team, and industry trends. This includes reviewing the companys revenue segmentation, geographic presence, and competitive landscape to gain a more comprehensive understanding of its strengths, weaknesses, opportunities, and threats (SWOT analysis).

CNM Stock Overview

Market Cap in USD	13,204m
Sub-Industry	Trading Companies & Distributors
IPO / Inception	2021-07-22

CNM Stock Ratings

Growth Rating	82.8%
Fundamental	64.6%
Dividend Rating	-
Return 12m vs S&P 500	2.41%
Analyst Rating	4.07 of 5

CNM Dividends

Currently no dividends paid

CNM Growth Ratios

Growth Correlation 3m	51.5%
Growth Correlation 12m	79.6%
Growth Correlation 5y	82.1%
CAGR 5y	28.16%
CAGR/Max DD 3y	0.73
CAGR/Mean DD 3y	3.57
Sharpe Ratio 12m	0.03
Alpha	6.88
Beta	0.971
Volatility	78.34%
Current Volume	2945.8k
Average Volume 20d	2014.3k
Stop Loss	46.9 (-3.6%)
Signal	-1.17

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (416.0m TTM) > 0 and > 6% of Revenue (6% = 456.7m TTM)

FCFTA 0.09 (>2.0%) and ΔFCFTA -7.18pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 15.74% (prev 17.25%; Δ -1.51pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 620.0m > Net Income 416.0m (YES >=105%, WARN >=100%)

Net Debt (2.52b) to EBITDA (918.0m) ratio: 2.75 <= 3.0 (WARN <= 3.5)

Current Ratio 1.96 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (198.7m) change vs 12m ago -1.93% (target <= -2.0% for YES)

Gross Margin 26.57% (prev 26.89%; Δ -0.32pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 123.6% (prev 113.7%; Δ 9.86pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 5.23 (EBITDA TTM 918.0m / Interest Expense TTM 138.0m) >= 6 (WARN >= 3)

Altman Z'' 2.43

(A) 0.19 = (Total Current Assets 2.44b - Total Current Liabilities 1.25b) / Total Assets 6.28b

(B) 0.08 = Retained Earnings (Balance) 515.0m / Total Assets 6.28b

(D) 0.12 = Book Value of Equity 524.0m / Total Liabilities 4.46b

Total Rating: 2.43 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 64.64

1. Piotroski 6.0pt = 1.0

2. FCF Yield 3.73% = 1.86

3. FCF Margin 7.61% = 1.90

4. Debt/Equity 1.34 = 1.67

5. Debt/Ebitda 2.54 = -1.03

6. ROIC - WACC 5.18% = 6.48

7. RoE 24.63% = 2.05

8. Rev. Trend 32.08% = 1.60

9. Rev. CAGR 0.97% = 0.12

10. EPS Trend -40.98% = -1.02

11. EPS CAGR 0.0% = 0.0

What is the price of CNM shares?

As of September 15, 2025, the stock is trading at USD 48.67 with a total of 2,945,766 shares traded.
Over the past week, the price has changed by -27.34%, over one month by -25.66%, over three months by -14.19% and over the past year by +21.92%.

Is Core & Main a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Core & Main is currently (September 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 64.64 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CNM is around 51.94 USD . This means that CNM is currently overvalued and has a potential downside of 6.72%.

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	65.8	35.2%
Analysts Target Price	65.8	35.2%
ValueRay Target Price	57.8	18.8%

Last update: 2025-09-06 15:00

CNM Fundamental Data Overview

Market Cap USD = 13.20b (13.20b USD * 1.0 USD.USD)
CCE Cash And Equivalents = 8.00m USD (last quarter)
P/E Trailing = 31.0093
P/E Forward = 26.6667
P/S = 1.7348
P/B = 7.2839
Beta = 1.04
Revenue TTM = 7.61b USD
EBIT TTM = 722.0m USD
EBITDA TTM = 918.0m USD
Long Term Debt = 2.24b USD (from longTermDebt, last quarter)
Short Term Debt = 94.0m USD (from shortTermDebt, last quarter)
Debt = 2.33b USD (Calculated: Short Term 94.0m + Long Term 2.24b)
Net Debt = 2.52b USD (from netDebt column, last quarter)
Enterprise Value = 15.53b USD (13.20b + Debt 2.33b - CCE 8.00m)
Interest Coverage Ratio = 5.23 (Ebit TTM 722.0m / Interest Expense TTM 138.0m)
FCF Yield = 3.73% (FCF TTM 579.0m / Enterprise Value 15.53b)
FCF Margin = 7.61% (FCF TTM 579.0m / Revenue TTM 7.61b)
Net Margin = 5.47% (Net Income TTM 416.0m / Revenue TTM 7.61b)
Gross Margin = 26.57% ((Revenue TTM 7.61b - Cost of Revenue TTM 5.59b) / Revenue TTM)
Tobins Q-Ratio = 29.63 (Enterprise Value 15.53b / Book Value Of Equity 524.0m)
Interest Expense / Debt = 1.29% (Interest Expense 30.0m / Debt 2.33b)
Taxrate = 24.78% (143.0m / 577.0m)
NOPAT = 543.1m (EBIT 722.0m * (1 - 24.78%))
Current Ratio = 1.96 (Total Current Assets 2.44b / Total Current Liabilities 1.25b)
Debt / Equity = 1.34 (Debt 2.33b / last Quarter total Stockholder Equity 1.74b)
Debt / EBITDA = 2.54 (Net Debt 2.52b / EBITDA 918.0m)
Debt / FCF = 4.03 (Debt 2.33b / FCF TTM 579.0m)
Total Stockholder Equity = 1.69b (last 4 quarters mean)
RoA = 6.63% (Net Income 416.0m, Total Assets 6.28b )
RoE = 24.63% (Net Income TTM 416.0m / Total Stockholder Equity 1.69b)
RoCE = 18.38% (Ebit 722.0m / (Equity 1.69b + L.T.Debt 2.24b))
RoIC = 13.48% (NOPAT 543.1m / Invested Capital 4.03b)
WACC = 8.30% (E(13.20b)/V(15.54b) * Re(9.59%)) + (D(2.33b)/V(15.54b) * Rd(1.29%) * (1-Tc(0.25)))
Shares Correlation 3-Years: -87.88 | Cagr: -1.93%
Discount Rate = 9.59% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 63.80% ; FCFE base≈743.8m ; Y1≈488.3m ; Y5≈223.3m
Fair Price DCF = 18.25 (DCF Value 3.46b / Shares Outstanding 189.7m; 5y FCF grow -40.0% → 3.0% )
Revenue Correlation: 32.08 | Revenue CAGR: 0.97%
Rev Growth-of-Growth: 7.57
EPS Correlation: -40.98 | EPS CAGR: 0.0%
EPS Growth-of-Growth: -70.83

Additional Sources for CNM Stock

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