nVent Electric plc
Description
nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to protect electronics and data in mission critical applications, including data solutions. This segment also offers digital and automation solutions, system integrations, and global services. The Electrical & Fastening Solutions segment provides solutions that connect and protect power and data infrastructure. This segment also offers power connections, fastening solutions, cable management solutions, grounding and bonding systems, and tools and test instruments. The Thermal Management segment offers heat management solutions that protect people and assets. This segment includes heat tracing for freeze protection and process temperature maintenance and control; pipe freeze protection, surface deicing, hot water temperature maintenance, floor heating, fire-rated wiring, and leak detection; and heat trace systems, connected controls, remote monitoring, and annual service programs. The company markets its products through electrical distributors, contractors, and original equipment manufacturers under the CADDY, ERICO, GARDNER BENDER, HOFFMAN, ILSCO, RAYCHEM, SCHROFF, and TRACER brand names. Its products are used for various applications, such as industrial, commercial and residential, infrastructure, and energy. nVent Electric plc was founded in 1903 and is based in London, the United Kingdom.
About
CEO
Ms. Beth A. Wozniak
Employees
11,300
Instrument type
Common Stock
Sector
Industrials
Industry
Electrical Equipment & Parts
MIC code
XNYS
Address
The Mille, London, TW8 9DW, United Kingdom
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Feb 6, 2025 | 0.67 | — | — | — |
| Nov 1, 2024 | 0.77 | 0.63 | -0.14 | -18.18% |
| Aug 6, 2024 | 0.83 | 0.82 | -0.01 | -1.20% |
| May 3, 2024 | 0.74 | 0.77 | 0.03 | 4.05% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 8 | — | 11 |
| Average estimate | — | 0.67 | — | 2.98 |
| Low estimate | — | 0.62 | — | 2.73 |
| High estimate | — | 0.73 | — | 3.10 |
| Last year EPS | — | 0.78 | — | 2.50 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-24.020%
Next qtr. (Mar 2025)
-13.050%
Current year
-18.420%
Next year (Dec 2025)
19.450%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 3.26B | 2.91B | 2.46B | 2.00B | 2.20B |
| Cost of revenue | 1.92B | 1.81B | 1.52B | 1.25B | 1.34B |
| Gross profit | 1.34B | 1.10B | 941.90M | 749.40M | 865.80M |
| Operating expense | |||||
| Research & development | 71.50M | 60.40M | 48.60M | 43.50M | 48.20M |
| Selling general and admin | 683.20M | 595.90M | 537.90M | 447.00M | 484.50M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 587.40M | 440.40M | 355.40M | 258.90M | 333.10M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 79.40M | 31.20M | 32.30M | 36.40M | 44.70M |
| Other income expense | -8.50M | 63.40M | -2.40M | -232.00M | -31.00M |
| Pretax income | 499.50M | 472.60M | 320.70M | -9.50M | 257.40M |
| Tax provision | -67.60M | 72.80M | 47.80M | 37.70M | 34.70M |
| Net income | 567.10M | 399.80M | 272.90M | -47.20M | 222.70M |
| Basic EPS | 3.42 | 2.40 | 1.63 | -0.28 | 1.30 |
| Diluted EPS | 3.37 | 2.38 | 1.61 | -0.28 | 1.29 |
| Basic average shares | 165.60M | 166.30M | 167.90M | 169.60M | 171.60M |
| Diluted average shares | 165.60M | 166.30M | 167.90M | 169.60M | 171.60M |
| EBITDA | 710.00M | 618.00M | 476.60M | 350.00M | 398.90M |
| Net income from continuing op. | 567.10M | 399.80M | 272.90M | -47.20M | 222.70M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 6.16B | 4.90B | 4.67B | 4.37B | 4.64B |
| Current assets | |||||
| Cash | 185.10M | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 185.10M | 297.50M | 49.50M | 122.50M | 106.40M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 589.50M | 472.50M | 438.10M | 313.80M | 334.30M |
| Other receivables | 44.10M | 45.60M | 48.90M | 45.60M | 69.40M |
| Inventory | 441.30M | 346.70M | 321.90M | 235.20M | 244.70M |
| Prepaid assets | 55.20M | 49.00M | 51.80M | 43.20M | 41.50M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | 14.50M | — | — | — |
| Other current assets | 20.90M | 3.40M | 1.30M | 4.10M | 2.40M |
| Non current assets | |||||
| Properties | 118.70M | 76.40M | 79.10M | 45.60M | 44.20M |
| Land and improvements | 39.60M | 38.60M | 39.80M | 41.00M | 40.60M |
| Machinery furniture equipment | 599.60M | 500.40M | 488.50M | 461.40M | 440.40M |
| Construction in progress | 37.20M | 34.70M | 25.50M | 30.30M | 16.50M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -503.80M | -465.00M | -447.20M | -428.80M | -394.60M |
| Goodwill | 6.66B | 5.42B | 5.52B | 5.30B | 5.72B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 1.52B | 1.07B | 1.14B | 1.11B | 1.16B |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 228.80M | 63.20M | 62.00M | 63.00M | 73.30M |
| Total liabilities | 3.02B | 2.17B | 2.18B | 1.96B | 2.05B |
| Current liabilities | |||||
| Accounts payable | 275.70M | 252.10M | 261.00M | 171.10M | 187.10M |
| Accrued expenses | 101.90M | 104.90M | 94.20M | 40.50M | 44.10M |
| Short term debt | 57.50M | 32.70M | 22.40M | 34.20M | 32.20M |
| Deferred revenue | 27.10M | 22.70M | 17.80M | 11.30M | 13.70M |
| Tax payable | 54.00M | 34.50M | 32.40M | 32.80M | 24.80M |
| Pensions | 122.20M | 109.30M | 113.90M | 70.40M | 71.90M |
| Other current liabilities | 62.60M | 62.90M | 64.10M | 60.30M | 58.70M |
| Non current liabilities | |||||
| Long term debt | 1.85B | 1.13B | 1.06B | 963.70M | 1.08B |
| Provision for risks and charges | 28.20M | 29.80M | 30.30M | 31.70M | 31.90M |
| Deferred liabilities | 204.40M | 199.60M | 210.30M | 230.10M | 237.80M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 33.80M | 14.50M | 11.00M | 22.90M | 10.60M |
| Shareholders equity | |||||
| Common stock | 1.70M | 1.70M | 1.70M | 1.70M | 1.70M |
| Retained earnings | 905.30M | 457.30M | 174.50M | 20.70M | 186.70M |
| Other shareholders equity | -104.00M | -99.60M | -83.20M | -95.20M | -98.60M |
| Total shareholders equity | 3.14B | 2.73B | 2.50B | 2.41B | 2.59B |
| Additional paid in capital | 2.34B | 2.37B | 2.40B | 2.48B | 2.50B |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | 567.10M | 399.80M | 272.90M | -47.20M | 222.70M | 230.80M | 361.70M | 259.10M | 210.10M |
| Depreciation | 141.40M | 114.20M | 108.40M | 102.60M | 96.80M | 97.10M | 97.90M | 95.20M | 62.90M |
| Deferred Taxes | -178.60M | -13.60M | -18.80M | -2.90M | -24.60M | -23.60M | -158.00M | -1.70M | -14.60M |
| Stock-Based Compensation | 23.50M | 25.00M | 16.60M | 13.90M | 16.10M | 12.80M | 14.60M | 13.40M | 13.30M |
| Other Non-Cash Items | -2.90M | -5.50M | -6.50M | -6.80M | -5.80M | -6.70M | -6.70M | -4.70M | -4.10M |
| Accounts Receivable | -21.30M | -45.90M | -104.20M | 28.30M | 26.60M | -1.30M | -18.20M | 6.10M | -4.20M |
| Accounts Payable | -2.10M | -4.70M | 73.70M | -18.60M | -7.90M | 13.40M | 17.00M | 15.00M | 400,000 |
| Other Assets & Liabilities | -9.20M | -13.30M | 25.50M | 37.00M | -24.10M | 6.10M | 70.70M | -59.50M | 73.50M |
| Operating Cash Flow | 517.90M | 456.00M | 367.60M | 106.30M | 299.80M | 328.60M | 379.00M | 322.90M | 337.30M |
| Investing Activities | |||||||||
| Capital Expenditures | 7.50M | 2.00M | 600,000 | 2.00M | 6.30M | 2.40M | 4.20M | 5.90M | 600,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -1.12B | -8.60M | -235.10M | -27.00M | -127.80M | -2.00M | -13.60M | — | -1.91B |
| Purchase of Investments | — | — | — | — | — | — | — | — | — |
| Sale of Investments | 18.90M | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -1.09B | -6.60M | -234.50M | -25.00M | -121.50M | 400,000 | -9.40M | 5.90M | -1.91B |
| Financing Activities | |||||||||
| Long-Term Debt Issuance | 800.00M | 200.00M | 300.00M | — | — | 1.00B | — | — | — |
| Long-Term Debt Payments | -101.10M | -10.00M | -333.90M | -17.50M | -14.10M | -52.80M | — | — | — |
| Other Financing Charges | -6.70M | 10.00M | 4.20M | — | — | -1.00B | -359.50M | -308.90M | 1.61B |
| Financing Cash Flow | 516.70M | -82.10M | -166.80M | -272.50M | -226.40M | -166.90M | -359.50M | -308.90M | 1.61B |
| Other Cash Details | |||||||||
| End Cash Position | 185.10M | 297.50M | 49.50M | 122.50M | 106.40M | 159.00M | 26.90M | 21.50M | 22.70M |
| Income Tax Paid | 112.40M | 87.30M | 61.30M | 39.20M | 60.80M | 57.40M | — | — | — |
| Interest Paid | 103.20M | 49.20M | 43.00M | 47.10M | 52.30M | 34.70M | — | — | — |
| Free Cash Flow | 457.10M | 348.70M | 333.80M | 304.00M | 297.50M | 304.00M | 377.90M | 289.50M | 296.50M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Franklin Managed Trust - Rising Dividends Fund | Sep 30, 2024 | 6,170,000 | 388.09M | 3.74% |
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 5,338,139 | 335.77M | 3.24% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 5,293,224 | 332.94M | 3.21% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 4,160,554 | 261.70M | 2.52% |
| Amcap Fund | Nov 30, 2024 | 3,410,947 | 214.55M | 2.07% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 2,816,620 | 177.17M | 1.71% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 2,487,872 | 156.49M | 1.51% |
| College Retirement Equities Fund-Stock Account | Sep 30, 2024 | 1,509,997 | 94.98M | 0.92% |
| SPDR S&P Mid Cap 400 ETF Trust | Nov 30, 2024 | 1,347,676 | 84.77M | 0.82% |
| Trust for Professional Managers-Mairs & Power Growth Fund | Sep 30, 2024 | 1,318,919 | 82.96M | 0.80% |
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