Last weeks rating: Data as of 12/29/2017. Strongly Outperform. Percentile Ranking: 1

Transcription

1 SHW QUITY RTING Percentile Ranking: ata as of 01/05/ UY 6-30 Outperform UY Marketperform Underperform HOL SLL Strongly Underperform SLL RTIONL HIN OUR RTING ON T or details about inputs to Schwab quity Rating, see "Schwab quity Ratings oundations" in the "Stocks" article library under Market Insight. T NYS Last weeks rating: ata as of 12/29/ Percentile Ranking: 1 or details about using Schwab quity Ratings, please see the Schwab enter for inancial Research report "Managing a Portfolio Using Schwab quity Ratings" in the Stocks article library under Market Insight. See page 4 for further documentation on Schwab quity Ratings, Important isclosures, and Regulation nalyst ertification. IMPROV VS. PRVIOUS WK LIN VS. PRVIOUS WK UNMNTL GR THIS WK LST WK IMPORTN ash low Strength Positive Positive Medium apital Intensity Positive Positive Medium fficient Management of Working apital Positive Positive Low usiness Geographic iversification Positive Positive Low VLUTION GR Price riven Valuation Neutral Neutral High Valuation Sentiment Positive Positive Medium MOMNTUM GR Recent Price Performance vs. the Market Positive Positive Medium Recent rokerage nalyst Sentiment hange Positive Positive Low arnings Trend Surprise Positive Positive Low PRI & VOLUM HISTORY T aily lose Prices eb Mar pr May Jun Jul ug Sep Oct Nov ec Price Performance vs. the S&P 500 $0.32 QURTRLY POSITIV/NGTIV RNINGS SURPRIS NNOUNMNT $1.35 $1.76 ata source: Reuters Y MOVING VRG Next earnings announcement is expected in the week of 1/25 S&P 500 $ Vol. Mil 80% 60% 40% 20% 0% ata as of 01/05/20 USINSS SUMMRY. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The ompany operates through segments, including onstruction Industries, which is engag... or more details, see page 2. OVRVIW Price as of 1/8/ $1.96 Market apitalization 96.4 illion sset lass Large ap eta 1.26 STOR/INUSTRY Source: S&P apital IQ Sector Industry Sub-Industry Schwab Sector Viewpoint MTRIS Industrials Machinery onstruction Machinery & Heavy Trucks Marketperform VLU MTRIS T S&P 500 P/ last 4Q P/ forecast PS P/ree ash low last 4Q P/Sales last 4Q Price/ook ividend Yield(%) GROWTH MTRIS (%) 1 year sales growth year sales growth year PS growth year PS growth year forecast PS growth Long term growth rate 3-5 years year dividend growth year dividend growth MOMNTUM MTRIS (%) 4 week stock price change week stock price change INNIL MTRIS (%) Gross margin Net margin Return on assets Return on equity Return on invested capital Long-term debt/capital harles Schwab & o., Inc. (08-78W2) Page 1 of 6

2 RNINGS PR SHR iscal Year ending in ecember $2.00 $1.00 $-1.00 $ Q Q Quarterly $ nnual $ Q Q3 Q4 vs. prior year (%) arnings Surprise(%) # of analysts 15 Next earnings announcement is expected in the week of 1/25 RVNU iscal Year ending in ecember $15.0 $10.0 $5.0 $ Q4 Q $ $5.00 $2.50 $-2.50 T NYS arnings data source: Reuters Quarterly $ nnual $ Q2 Q3 Q4 vs. 1 year ago (%) NNUL RNINGS ORST Revenue data source: Reuters $ $40 $20 $ ONSNSUS MN HNG IN ORST NUMR O ORST LST 30 YS RNG ORSTS 12/31/ $6.47 $0.05 $6.19-$ /31/20 $7.95 $0.09 $6.20-$ Next 5 Yr. Growth Rate 25.0% 0.2% 5.0%-43.3% 4 IVINS Quarterly $ nnual $ $ $0.60 $0.40 $0.20 Q3 20 Q4 20 Q1 Q2 Q3 ividends are paid on a Quarterly basis. $4.00 $3.00 $2.00 $ ividends data source: Reuters SHW STOR STOK LIST Price as of: 1/8/20 SHW QUITY TIKR OMPNY PRI RTING GIS INUSTRY SKYW SkyWest Inc $51.10 irlines TGH Textainer Group Holdings Ltd Trading ompanies & istributors TRTN Triton International Ltd Trading ompanies & istributors ata as of 01/05/20 OTHR OPINIONS R RNKING SIN 10/24/ Recommendation Morningstar Rating RTING SIN 01/06/20 redit Suisse Rating RTING SIN 09/25/2009 UNRPRORM NUTRL OUTPRORM rgus 12 Month Rating RTING SIN 04/26/20 SLL HOL UY Ned avis Rating RTING SIN 11/06/ SLL NUTRL UY Market dge Second Opinion VOI NUTRL LONG RTING SIN 05/01/ Reuter's verage Rating RTING SIN 12/12/ NO OPINION SLL UNR- PRORM USINSS SRIPTION HOL OUT- PRORM UY. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The ompany operates through segments, including onstruction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; nergy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including at machines; inancial Products segment, which provides financing and related services, and ll Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for at products. 20 harles Schwab & o., Inc. (08-78W2) Page 2 of 6

3 NWS HLINS $ Oct Nov ec Jan No Recent News for T. 20 harles Schwab & o., Inc. (08-78W2) Page 3 of 6

4 IMPORTNT ISLOSURS OR T Regulation nalyst ertification: The views expressed in this research report accurately reflect Schwab's quantitative research model, and no part of Schwab's compensation Note the Price hart in the disclosures of this report which shows the rating and price history over applicable periods for this stock, including if and when coverage was terminated or suspended. Within the previous 12 months, the percentage of companies that have a Schwab quity Rating and for which Schwab has provided investment banking services are as follows: 2.10% in uy ategory (Schwab quity Ratings and Schwab quity Ratings International of or ) 2.45% in Hold ategory (Schwab quity Ratings and Schwab quity Ratings International of ) 2.76% in Sell ategory (Schwab quity Ratings and Schwab quity Ratings International of or ) Price History for T $ Jan pr Jul Oct Schwab quity Rating History for T Jan pr Jul Oct Jan pr Jul Oct SHW QUITY RTINGS MNING N ISTRIUTION Schwab quity Ratings are assigned to approximately 3000 U.S.-traded stocks. The Schwab quity Ratings model universe is generally composed of the combined set of stocks in the Russell Investments ( Russell ) 3000 Index and the Standard & Poor s ( S&P ) 500 Index. dditional universe coverage may be incorporated from time to time. The explanation and table below are included to assist you in using Schwab quity Ratings as one component of your own research to evaluate stocks and investment opportunities. Schwab rates stocks using a scale of ////. Schwab s outlook is that "" rated stocks, on average, will strongly outperform and "" rated stocks, on average, will strongly underperform the equities market over the next 12 months. Schwab quity Ratings are based upon a disciplined, systematic approach that evaluates each stock on the basis of a wide variety of investment criteria from three broad categories: undamentals, Valuation, and Momentum. This approach attempts to gauge investor expectations since stock prices tend to move in the same direction as changes in investor expectations. Stocks with low and potentially improving investor expectations tend to receive the best Schwab quity Ratings ("" or "" ratings), while stocks with high and potentially falling investor expectations tend to receive the worst Schwab quity Ratings ("" or "" ratings). rom time to time, Schwab may update the Schwab quity Ratings methodology. Schwab quity Ratings istribution Schwab Percentile istribution 12 Month General quity Rating Ranking istribution of Rating Within Sector Return Outlook uy/hold/sell Guidance* 1-5 Top 5% uy 6-30 Next 25% Outperform uy Next 40% Marketperform Hold Next 25% Underperform Sell ottom 5% Strongly Underperform Sell *The general buy/hold/sell guidance is relative to other rated equities only. efore considering whether to take any action, an investor should consider whether equities generally are performing well in comparison to other asset classes and whether other equities in the same sector or category with the same or better rating may be more appropriate. Investment Rating xplanation (): If an investor is looking to add a stock to his or her portfolio, "" rated stocks may be the best candidates for consideration. (Outperform): n investor looking to add a stock to his or her portfolio might also consider a "" rated stock, though preference should be given to "" rated stocks. (Marketperform): n investor would not usually consider a "" rated stock for purchase. n investor holding a "" rated stock in his or her portfolio should consider continuing to hold the stock, and might monitor the stock s ongoing performance and compare the potential benefits of owning a stock with higher ratings. (Underperform): n investor holding a "" rated stock should consider whether it is appropriate to continue to hold that stock in his or her portfolio. n investor would not usually consider a "" rated stock for purchase. (Strongly Underperform): n investor holding an "" rated stock should consider whether it is appropriate to eliminate that stock from his or her portfolio. n investor would not usually consider an "" rated stock for purchase. Percentile Rankings xplanation: ach of the approximately 3,000 stocks rated in the Schwab quity Ratings U.S. universe is given a score that is derived from the research factors used in the Schwab quity Ratings model. Once the stock s composite score, which includes all research factor scores, is calculated, the universe of rated stocks is divided into two groups: large-capitalization ( large-cap ) stocks generally the combined set of stocks in the Russell 1000 Index and the S&P 500 Index and small-cap stocks generally those stocks in the Russell 2000 Index. The large- and small-cap groups are further divided into eleven economic sectors within each capitalization group. The assignment of a final Schwab quity Rating depends on how well a given stock s composite score ranks against the composite scores of other stocks in the same capitalization group and sector. The result is a stock's within-capitalization-group and within-sector, or cap-neutral and sector-neutral, percentile ranking. The lowest percentile rankings represent the best scores and correspond to the best letter grades. or example, in a sector of 400 rated stocks, the top 4 stocks would receive a percentile ranking of 1 and the bottom 4 stocks would receive a percentile ranking of 100. Stocks ranked in percentile groups 1-5 are rated "" and those in percentile groups 6-30 are rated "." 20 harles Schwab & o., Inc. (08-78W2) Page 4 of 6

5 IMPORTNT ISLOSURS OR T Model Risks Schwab quity Ratings uses quantitative analyses in its modeling method. ny limitations or inaccuracies in its analyses or models could affect model performance and the results investors may achieve. Models that appear to explain prior market data can fail to predict future market events. While the data used in the models has been taken from sources Schwab believes to be reliable; its accuracy, completeness or interpretation cannot be guaranteed. Schwab quity Ratings may not capture subjective, qualitative influences on return and risk such as changes in management, business and political trends, or legal and regulatory developments. Thus, it is important to conduct additional research prior to making a trading decision. escriptions for Non-Rated Stocks ategory efinition escription NR Not Rated Schwab has decided not to publish a rating on this stock due to unusual or extraordinary business circumstances related to this company. lthough Schwab generally does not monitor,, and rated stocks for unusual or extraordinary business circumstances, from time to time, a rating of NR may appear on a particular stock. N Not vailable Schwab quity Rating is not available on this stock due to insufficient information about this stock. N Not overed This stock is not currently in the Schwab quity Ratings universe or is prohibited from coverage for regulatory or other reasons. IMPORTNT ISLOSURS OR SKYW Regulation nalyst ertification: The views expressed in this research report accurately reflect Schwab's quantitative research model, and no part of Schwab's compensation Note the Price hart in the disclosures of this report which shows the rating and price history over applicable periods for this stock, including if and when coverage was terminated or suspended. Within the previous 12 months, the percentage of companies that have a Schwab quity Rating and for which Schwab has provided investment banking services are as follows: 2.10% in uy ategory (Schwab quity Ratings and Schwab quity Ratings International of or ) 2.45% in Hold ategory (Schwab quity Ratings and Schwab quity Ratings International of ) 2.76% in Sell ategory (Schwab quity Ratings and Schwab quity Ratings International of or ) Price History for SKYW $ Jan pr Jul Oct Schwab quity Rating History for SKYW Jan pr Jul Oct Jan pr Jul Oct IMPORTNT ISLOSURS OR TGH Regulation nalyst ertification: The views expressed in this research report accurately reflect Schwab's quantitative research model, and no part of Schwab's compensation Note the Price hart in the disclosures of this report which shows the rating and price history over applicable periods for this stock, including if and when coverage was terminated or suspended. Within the previous 12 months, the percentage of companies that have a Schwab quity Rating and for which Schwab has provided investment banking services are as follows: 2.10% in uy ategory (Schwab quity Ratings and Schwab quity Ratings International of or ) 2.45% in Hold ategory (Schwab quity Ratings and Schwab quity Ratings International of ) 2.76% in Sell ategory (Schwab quity Ratings and Schwab quity Ratings International of or ) Price History for TGH $ Jan pr Jul Oct Schwab quity Rating History for TGH Jan pr Jul Oct Jan pr Jul Oct IMPORTNT ISLOSURS OR TRTN Regulation nalyst ertification: The views expressed in this research report accurately reflect Schwab's quantitative research model, and no part of Schwab's compensation 20 harles Schwab & o., Inc. (08-78W2) Page 5 of 6

6 Price History for TRTN $ Jan pr Jul Oct Schwab quity Rating History for TRTN Jan pr Jul Oct Jan pr Jul Oct ISLIMR INORMTION VRYING VIWPOINTS - The information contained in these materials reflects the harles Schwab & o., Inc. Schwab quity Rating on a particular stock. Schwab, its affiliates and/or their employees may publish or otherwise express other viewpoints or trading strategies that may conflict with the Schwab quity Rating included in this report. Please be aware that Schwab and/or its affiliates and the investment funds and managed accounts they manage may take positions, which may be contrary to the included Schwab quity Rating. GNRL INORMTION - This material is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy. dditionally, Schwab quity Ratings, Percentile Rankings, and the general guidance are not personal recommendations for any particular investor or client and do not take into account the financial, investment or other objectives or needs of, and may not be suitable for any particular investor or client. Investors and clients should consider Schwab quity Ratings as only a single factor in making their investment decision while taking into account the current market environment. Schwab quity Ratings utilize third-party data in computing a rating. While Schwab believes such third-party information is reliable, we do not guarantee its accuracy, timeliness or completeness. The Schwab enter for inancial Research may provide research consulting services, such as those related to Schwab quity Ratings model design and performance, to Schwab investment advisory affiliates for their asset management purposes. Such services are not available to all other clients. Schwab quity Ratings are generally updated weekly, so you should review and consider any recent market or company news before taking any action. Past history is no indication of future performance and you may lose money on your investment. or questions, please call GIS - The industry classification information contained in these materials reflects The Global Industry lassification Standard (GIS) which was developed by and is the exclusive property of Morgan Stanley apital International Inc. and Standard and Poor's. GIS is a service mark of MSI and S&P and has been licensed for use by Schwab. OR RIPINTS IN SINGPOR - This report is prepared by Schwab enter for inancial Research, a division of harles Schwab & o., and distributed in Singapore by an intermediary who is a inancial dviser or xempt inancial dviser as defined in the Singapore inancial dvisers ct pursuant to an arrangement under Regulation 32 of the inancial dvisers Regulations in Singapore. Where the research is distributed in Singapore to a person who is not an ccredited Investor, xpert Investor or an Institutional Investor, the distributor accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact the distributor in Singapore for matters arising from, or in connection with the report. ¹Markit on emand used S&P apital IQ's data in making its calculations. 20 harles Schwab & o., Inc. (08-78W2) Page 6 of 6