CMI Rating

CMI Intrinsic Value

Key Highlights:
As of Mar 03, 2025 CMI Relative Value is $769.0, which is undervalued by 116.0%, compared to current share price of $356.0.
As of Mar 03, 2025 CMI DCF Value is $368.3, which is undervalued by 3.5%, compared to current share price of $356.0.
Methodology
Price per share, $
Current share price
356.0

CMI Share Price History

1W (1.2%)
1M 2.2%
6M 17.6%
YTD 51.1%
1Y 33.4%
3Y 83.0%
5Y 164.3%
10Y 221.9%
Share Price
Intrinsic Value
Drawdown
Total Return
vs SP500
vs NASDAQ
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CMI Stock Metrics

Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Base
Shares Outstanding
142M
Employees
70K
Valuation (LTM)
181.4x
12.8x
4.5x
(0.6x)
Return on Capital
31.2%
11.1%
14.6%
13.3%
Earnings

CMI Stock Financials

CMI Income Statement Metrics

Annual
Quarterly
LTM

Revenue

$34.1B +0.1% YoY

Operating Income

$3.8B +112.9% YoY

Net Income

$3.9B +436.9% YoY

CMI Cash Flow Statement Metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$1,487.0M -62.5% YoY

Capital Expenditure (CAPEX)

($1,208.0M) -0.4% YoY

Free Cash Flow (FCF)

$279.0M -89.9% YoY

CMI Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
$34.1B 0.1% YoY
$8,439.0M 2.3% YoY
24.7% margin
Cost of revenue
$25.7B (0.6%) YoY
Operating income
$3,750.0M 112.9% YoY
11.0% margin
Other: $1,337.0M
Net interest: $184.0M
Operating expenses
$4,738.0M (27.0%) YoY
Pre-tax income
$4,903.0M 201.5% YoY
14.4% margin
Net income
$3,946.0M 436.9% YoY
11.6% margin
Income tax
$835.0M
17.0% tax rate
R&D
$1,463.0M (2.5%) YoY
4.3% of revenue
SG&A
$3,275.0M 2.1% YoY
9.6% of revenue

CMI Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
$31.5B
Current assets ($14.8B, 46.8% of total)
$2,264.0M (7.2%)
$5,181.0M (16.4%)
Other current assets
$7,307.0M (23.2%)
Non-current assets ($16.8B, 53.2% of total)
$1,889.0M (6.0%)
$2,351.0M (7.5%)
Other non-current assets
$6,192.0M (19.6%)
Financial position
$5,338.0M
$2,264.0M$7,602.0M
Cash & Short-term Investments
Total Debt

CMI Stock Ratios

CMI Earnings Surprises

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CMI Dividends

CMI Dividend Yield

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CMI Dividend Per Share

Competing with CMI

Overview
Ratings
Intrinsic Value
Valuation
Growth
Profitability
Health
Capital allocation
Momentum
Earnings
Dividends
Company name
Market Cap
Quality rating
Intrinsic value
1Y Return
Revenue
Free Cash Flow
Revenue growth
FCF margin
Gross margin
ROIC
Total Debt to Equity
$50.6B
6.2
$554.4
55.8% undervalued
33.4%
$34.1B
$279.0M
0.1%
0.8%
24.6%
14.6%
59.3%
$113.4B
6.9
$166.8
40.1% overvalued
(4.9%)
$24.9B
$2,730.0M
7.3%
11.0%
53.5%
26.3%
53.0%
$85.5B
6.4
$480.6
26.1% overvalued
22.5%
$19.9B
$3,298.6M
0.4%
16.6%
35.8%
5.2%
63.6%
$78.1B
6.4
$214.9
18.1% overvalued
3.6%
$15.9B
$2,844.0M
(1.3%)
17.9%
44.1%
27.7%
243.5%
$68.7B
6.4
$106.9
8.8% overvalued
8.5%
$17.6B
$3,269.0M
10.3%
18.6%
43.3%
(2.0%)
20.8%
$63.3B
5.9
$585.7
0.0% overvalued
7.7%
$7,039.2M
$2,293.8M
13.9%
32.6%
69.3%
5.3%
0.0%
$55.1B
7.4
$58.7
55.2% overvalued
93.7%
$7,430.0M
$977.0M
11.9%
13.1%
46.6%
16.7%
0.1%
$43.8B
6.3
$138.4
25.8% overvalued
3.7%
$6,941.2M
$1,203.5M
5.2%
17.3%
51.8%
11.0%
5.9%
$40.4B
6.1
$106.3
5.5% undervalued
6.9%
$14.3B
$1,437.0M
0.4%
10.1%
48.1%
30.2%
(182.4%)
$33.8B
6.6
$55.9
32.3% overvalued
(9.7%)
$7,235.0M
$1,377.6M
5.2%
19.0%
42.6%
7.5%
0.0%
$32.6B
5.7
$183.8
34.0% overvalued
(1.9%)
$6,934.1M
$967.4M
(24.0%)
14.0%
45.3%
13.1%
104.1%

FAQ

What is Cummins Inc. (CMI) stock rating?

As of today, Cummins Inc. has a stock rating of 6 (out of 10), which is considered Good.

is Cummins Inc. (CMI) a good stock to buy?

As of today, Cummins Inc. has a Good stock rating, which is 55.8% undervalued. According to Value Sense backtesting, stocks with similar profile tend to outperform the market by 3.2%.