CNM - NYSE

Core & Main, Inc.

Core & Main, Inc.

CNMยทNYSE

$52.12

+2.4%
IndustrialsIndustrial - Distribution

Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, and other related products; fire protection products, including fire protection pipes, sprinkler heads and other devices, fire suppression systems, and related accessories, as well as fabrication services; and meter products, such as smart meter products, installation, software and other services. The company's specialty products and services are used in the maintenance, repair, replacement, and construction of water and fire protection infrastructure. Core & Main, Inc. was founded in 1874 and is headquartered in St. Louis, Missouri.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$9.81B
EPS2.3200
P/E Ratio22.47
Earnings Date06/09/2026
Core & Main, Inc.

Core & Main, Inc. Fair Value Envelope

CNM ยท NYSE

Our analysis suggests that CNM has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $52.12, this represents a potential HIDDEN relative to our calculated worth for Core & Main, Inc..

HIDDEN
Intrinsic Value
Current Price: $52.12

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$11.8B
+ Cash & Equivalents$220.0M
Firm Value$12.0B
- Debt$2.4B
Equity Value$9.6B
/ Shares Outstanding190,298,238B
DCF Value$51
OVERVALUED BY 3%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$670.0M
$690.5M
$711.8M
$733.6M
$756.2M
$779.4M
$803.3M
$828.0M
$853.4M
$879.6M
Maintenance CapEx
-$9.5M
-$9.8M
-$10.1M
-$10.4M
-$10.7M
-$11.0M
-$11.4M
-$11.7M
-$12.1M
-$12.5M
Owner Earnings
$660.5M
$680.8M
$701.7M
$723.2M
$745.5M
$768.3M
$791.9M
$816.3M
$841.3M
$867.2M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$611.6M
$583.7M
$557.0M
$531.6M
$507.3M
$484.2M
$462.1M
$441.0M
$420.9M
$401.7M
Terminal Value represents 57.7% of Enterprise Value

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