Snap On Net Worth
Snap On Net Worth Breakdown | SNA |
Snap On Net Worth Analysis
Snap On's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Snap On's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Snap On's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Snap On's net worth analysis. One common approach is to calculate Snap On's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Snap On's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Snap On's net worth. This approach calculates the present value of Snap On's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Snap On's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Snap On's net worth. This involves comparing Snap On's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Snap On's net worth relative to its peers.
Enterprise Value |
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To determine if Snap On is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Snap On's net worth research are outlined below:
| Snap On generated a negative expected return over the last 90 days | |
| Snap On has a strong financial position based on the latest SEC filings | |
| Over 95.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Advyzon Investment Management LLC Makes New Investment in Snap-on Incorporated |
Snap On Quarterly Good Will |
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Snap On uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Snap On. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Snap On's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 8th of February 2024 Upcoming Quarterly Report | View | |
| 18th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 8th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Snap On Target Price Consensus
Snap target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Snap On's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 12 | Hold |
Most Snap analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Snap stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Snap On, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationSnap On Target Price Projection
Snap On's current and average target prices are 339.06 and 330.88, respectively. The current price of Snap On is the price at which Snap On is currently trading. On the other hand, Snap On's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Snap On Market Quote on 26th of February 2025
Target Price
Analyst Consensus On Snap On Target Price
Know Snap On's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Snap On is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Snap On backward and forwards among themselves. Snap On's institutional investor refers to the entity that pools money to purchase Snap On's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Northern Trust Corp | 2024-12-31 | 798.3 K | Pacer Advisors, Inc. | 2024-12-31 | 751.4 K | Envestnet Asset Management Inc | 2024-09-30 | 743.8 K | Regions Financial Corp | 2024-12-31 | 724.8 K | Mawer Investment Management Ltd | 2024-12-31 | 723.9 K | Amvescap Plc. | 2024-12-31 | 637.3 K | Bank Of America Corp | 2024-12-31 | 623 K | Ubs Group Ag | 2024-12-31 | 589 K | Confluence Investment Management Llc | 2024-12-31 | 530.4 K | Vanguard Group Inc | 2024-12-31 | 6.4 M | Blackrock Inc | 2024-12-31 | 4.1 M |
Follow Snap On's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 17.89 B.Market Cap |
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Project Snap On's profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.16 | 0.09 | |
| Return On Capital Employed | 0.20 | 0.18 | |
| Return On Assets | 0.13 | 0.07 | |
| Return On Equity | 0.20 | 0.12 |
When accessing Snap On's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Snap On's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Snap On's profitability and make more informed investment decisions.
Please note, the presentation of Snap On's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Snap On's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Snap On's management manipulating its earnings.
Evaluate Snap On's management efficiency
Snap On has Return on Asset of 0.1129 % which means that on every $100 spent on assets, it made $0.1129 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2034 %, implying that it generated $0.2034 on every 100 dollars invested. Snap On's management efficiency ratios could be used to measure how well Snap On manages its routine affairs as well as how well it operates its assets and liabilities. As of February 26, 2025, Return On Tangible Assets is expected to decline to 0.09. In addition to that, Return On Capital Employed is expected to decline to 0.18. At present, Snap On's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 4.1 B, whereas Other Current Assets are forecasted to decline to about 122.8 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 84.65 | 88.88 | |
| Tangible Book Value Per Share | 59.82 | 62.81 | |
| Enterprise Value Over EBITDA | 9.36 | 8.28 | |
| Price Book Value Ratio | 2.71 | 2.04 | |
| Enterprise Value Multiple | 9.36 | 8.28 | |
| Price Fair Value | 2.71 | 2.04 | |
| Enterprise Value | 1.4 B | 2.2 B |
Leadership effectiveness at Snap On is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Enterprise Value Revenue 3.7251 | Revenue | Quarterly Revenue Growth 0.004 | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Snap On insiders, such as employees or executives, is commonly permitted as long as it does not rely on Snap On's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Snap On insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Snap On Corporate Filings
F4 | 21st of February 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 13th of February 2025 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
8K | 6th of February 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
ASR | 6th of December 2024 Automatic Shelf Registration Statement under Rule 415 filed with the U.S. Securities and Exchange Commission (SEC) | ViewVerify |
Snap On Earnings Estimation Breakdown
The calculation of Snap On's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Snap On is estimated to be 4.8288 with the future projection ranging from a low of 4.73 to a high of 4.99. Please be aware that this consensus of annual earnings estimates for Snap On is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
4.73 Lowest | Expected EPS | 4.99 Highest |
Snap On Earnings Projection Consensus
Suppose the current estimates of Snap On's value are higher than the current market price of the Snap On stock. In this case, investors may conclude that Snap On is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Snap On's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2025 | Current EPS (TTM) | |
| 12 | 95.77% | 4.82 | 4.8288 | 19.52 |
Snap On Earnings History
Earnings estimate consensus by Snap On analysts from Wall Street is used by the market to judge Snap On's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Snap On's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.Snap On Quarterly Gross Profit |
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Snap On Earnings per Share Projection vs Actual
Actual Earning per Share of Snap On refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Snap On predict the company's earnings will be in the future. The higher the earnings per share of Snap On, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Snap On Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Snap On, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Snap On should always be considered in relation to other companies to make a more educated investment decision.Snap Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Snap On's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2025-02-06 | 2024-12-31 | 4.7943 | 4.82 | 0.0257 | 0 | ||
2024-10-17 | 2024-09-30 | 4.59 | 4.7 | 0.11 | 2 | ||
2024-07-18 | 2024-06-30 | 4.94 | 5.07 | 0.13 | 2 | ||
2024-04-18 | 2024-03-31 | 4.64 | 4.75 | 0.11 | 2 | ||
2024-02-08 | 2023-12-31 | 4.66 | 4.75 | 0.09 | 1 | ||
2023-10-19 | 2023-09-30 | 4.44 | 4.51 | 0.07 | 1 | ||
2023-07-20 | 2023-06-30 | 4.58 | 4.89 | 0.31 | 6 | ||
2023-04-20 | 2023-03-31 | 4.15 | 4.6 | 0.45 | 10 | ||
2023-02-02 | 2022-12-31 | 4.2 | 4.42 | 0.22 | 5 | ||
2022-10-20 | 2022-09-30 | 3.86 | 4.14 | 0.28 | 7 | ||
2022-07-21 | 2022-06-30 | 3.95 | 4.27 | 0.32 | 8 | ||
2022-04-21 | 2022-03-31 | 3.66 | 4.0 | 0.34 | 9 | ||
2022-02-03 | 2021-12-31 | 3.69 | 4.1 | 0.41 | 11 | ||
2021-10-21 | 2021-09-30 | 3.38 | 3.57 | 0.19 | 5 | ||
2021-07-22 | 2021-06-30 | 3.22 | 3.76 | 0.54 | 16 | ||
2021-04-22 | 2021-03-31 | 3.06 | 3.5 | 0.44 | 14 | ||
2021-02-04 | 2020-12-31 | 2.95 | 3.84 | 0.89 | 30 | ||
2020-10-22 | 2020-09-30 | 2.16 | 3.28 | 1.12 | 51 | ||
2020-07-31 | 2020-06-30 | 1.83 | 1.91 | 0.08 | 4 | ||
2020-04-21 | 2020-03-31 | 2.7 | 2.6 | -0.1 | 3 | ||
2020-02-06 | 2019-12-31 | 3.08 | 3.08 | 0.0 | 0 | ||
2019-10-17 | 2019-09-30 | 2.94 | 2.96 | 0.02 | 0 | ||
2019-07-18 | 2019-06-30 | 3.21 | 3.22 | 0.01 | 0 | ||
2019-04-18 | 2019-03-31 | 2.9 | 3.01 | 0.11 | 3 | ||
2019-02-07 | 2018-12-31 | 3.02 | 3.03 | 0.01 | 0 | ||
2018-10-18 | 2018-09-30 | 2.86 | 2.88 | 0.02 | 0 | ||
2018-07-19 | 2018-06-30 | 2.95 | 3.11 | 0.16 | 5 | ||
2018-04-19 | 2018-03-31 | 2.72 | 2.79 | 0.07 | 2 | ||
2018-02-08 | 2017-12-31 | 2.66 | 2.69 | 0.03 | 1 | ||
2017-10-19 | 2017-09-30 | 2.42 | 2.45 | 0.03 | 1 | ||
2017-07-20 | 2017-06-30 | 2.55 | 2.6 | 0.05 | 1 | ||
2017-04-20 | 2017-03-31 | 2.36 | 2.39 | 0.03 | 1 | ||
2017-02-02 | 2016-12-31 | 2.41 | 2.47 | 0.06 | 2 | ||
2016-10-20 | 2016-09-30 | 2.15 | 2.22 | 0.07 | 3 | ||
2016-07-21 | 2016-06-30 | 2.23 | 2.36 | 0.13 | 5 | ||
2016-04-21 | 2016-03-31 | 2.09 | 2.16 | 0.07 | 3 | ||
2016-02-04 | 2015-12-31 | 2.18 | 2.22 | 0.04 | 1 | ||
2015-10-22 | 2015-09-30 | 1.94 | 1.98 | 0.04 | 2 | ||
2015-07-23 | 2015-06-30 | 2 | 2.03 | 0.03 | 1 | ||
2015-04-23 | 2015-03-31 | 1.82 | 1.87 | 0.05 | 2 | ||
2015-02-05 | 2014-12-31 | 1.81 | 1.97 | 0.16 | 8 | ||
2014-10-16 | 2014-09-30 | 1.62 | 1.76 | 0.14 | 8 | ||
2014-07-17 | 2014-06-30 | 1.68 | 1.8 | 0.12 | 7 | ||
2014-04-17 | 2014-03-31 | 1.54 | 1.62 | 0.08 | 5 | ||
2014-02-06 | 2013-12-31 | 1.56 | 1.6 | 0.04 | 2 | ||
2013-10-17 | 2013-09-30 | 1.42 | 1.43 | 0.01 | 0 | ||
2013-07-18 | 2013-06-30 | 1.46 | 1.5 | 0.04 | 2 | ||
2013-04-18 | 2013-03-31 | 1.34 | 1.4 | 0.06 | 4 | ||
2013-02-07 | 2012-12-31 | 1.38 | 1.43 | 0.05 | 3 | ||
2012-10-18 | 2012-09-30 | 1.23 | 1.26 | 0.03 | 2 | ||
2012-07-19 | 2012-06-30 | 1.2 | 1.3 | 0.1 | 8 | ||
2012-04-19 | 2012-03-31 | 1.16 | 1.21 | 0.05 | 4 | ||
2012-02-02 | 2011-12-31 | 1.17 | 1.27 | 0.1 | 8 | ||
2011-10-20 | 2011-09-30 | 1.03 | 1.05 | 0.02 | 1 | ||
2011-07-21 | 2011-06-30 | 1.08 | 1.14 | 0.06 | 5 | ||
2011-04-21 | 2011-03-31 | 0.92 | 0.96 | 0.04 | 4 | ||
2011-02-03 | 2010-12-31 | 0.9 | 0.99 | 0.09 | 10 | ||
2010-10-22 | 2010-09-30 | 0.68 | 0.8 | 0.12 | 17 | ||
2010-07-23 | 2010-06-30 | 0.75 | 0.78 | 0.03 | 4 | ||
2010-04-20 | 2010-03-31 | 0.52 | 0.63 | 0.11 | 21 | ||
2010-02-04 | 2009-12-31 | 0.55 | 0.63 | 0.08 | 14 | ||
2009-10-29 | 2009-09-30 | 0.31 | 0.44 | 0.13 | 41 | ||
2009-07-31 | 2009-06-30 | 0.58 | 0.65 | 0.07 | 12 | ||
2009-04-22 | 2009-03-31 | 0.58 | 0.6 | 0.02 | 3 | ||
2009-02-04 | 2008-12-31 | 1 | 1.01 | 0.01 | 1 | ||
2008-10-23 | 2008-09-30 | 0.86 | 0.94 | 0.08 | 9 | ||
2008-07-24 | 2008-06-30 | 1.06 | 1.15 | 0.09 | 8 | ||
2008-04-22 | 2008-03-31 | 0.81 | 0.97 | 0.16 | 19 | ||
2008-01-30 | 2007-12-31 | 0.82 | 0.98 | 0.16 | 19 | ||
2007-10-23 | 2007-09-30 | 0.67 | 0.7 | 0.03 | 4 | ||
2007-07-24 | 2007-06-30 | 0.74 | 0.9 | 0.16 | 21 | ||
2007-04-24 | 2007-03-31 | 0.53 | 0.66 | 0.13 | 24 | ||
2007-01-31 | 2006-12-31 | 0.51 | 0.59 | 0.08 | 15 | ||
2006-10-23 | 2006-09-30 | 0.43 | 0.48 | 0.05 | 11 | ||
2006-07-25 | 2006-06-30 | 0.49 | 0.6 | 0.11 | 22 | ||
2006-04-28 | 2006-03-31 | 0.28 | 0.37 | 0.09 | 32 | ||
2006-02-01 | 2005-12-31 | 0.38 | 0.47 | 0.09 | 23 | ||
2005-10-25 | 2005-09-30 | 0.4 | 0.36 | -0.04 | 10 | ||
2005-07-27 | 2005-06-30 | 0.39 | 0.46 | 0.07 | 17 | ||
2005-04-21 | 2005-03-31 | 0.26 | 0.31 | 0.05 | 19 | ||
2005-02-03 | 2004-12-31 | 0.38 | 0.42 | 0.04 | 10 | ||
2004-10-27 | 2004-09-30 | 0.37 | 0.39 | 0.02 | 5 | ||
2004-07-29 | 2004-06-30 | 0.42 | 0.38 | -0.04 | 9 | ||
2004-04-22 | 2004-03-31 | 0.29 | 0.22 | -0.07 | 24 | ||
2004-02-04 | 2003-12-31 | 0.36 | 0.3 | -0.06 | 16 | ||
2003-10-22 | 2003-09-30 | 0.31 | 0.3 | -0.01 | 3 | ||
2003-07-23 | 2003-06-30 | 0.38 | 0.38 | 0.0 | 0 | ||
2003-04-22 | 2003-03-31 | 0.38 | 0.37 | -0.01 | 2 | ||
2003-01-22 | 2002-12-31 | 0.5 | 0.5 | 0.0 | 0 | ||
2002-10-22 | 2002-09-30 | 0.33 | 0.35 | 0.02 | 6 | ||
2002-07-25 | 2002-06-30 | 0.51 | 0.51 | 0.0 | 0 | ||
2002-04-23 | 2002-03-31 | 0.44 | 0.44 | 0.0 | 0 | ||
2002-01-29 | 2001-12-31 | 0.51 | 0.52 | 0.01 | 1 | ||
2001-10-23 | 2001-09-30 | 0.4 | 0.41 | 0.01 | 2 | ||
2001-07-24 | 2001-06-30 | 0.4 | 0.4 | 0.0 | 0 | ||
2001-04-24 | 2001-03-31 | 0.54 | 0.51 | -0.03 | 5 | ||
2001-02-01 | 2000-12-31 | 0.64 | 0.66 | 0.02 | 3 | ||
2000-10-24 | 2000-09-30 | 0.46 | 0.46 | 0.0 | 0 | ||
2000-07-25 | 2000-06-30 | 0.77 | 0.75 | -0.02 | 2 | ||
2000-04-25 | 2000-03-31 | 0.61 | 0.58 | -0.03 | 4 | ||
2000-02-03 | 1999-12-31 | 0.77 | 0.76 | -0.01 | 1 | ||
1999-10-21 | 1999-09-30 | 0.62 | 0.62 | 0.0 | 0 | ||
1999-07-21 | 1999-06-30 | 0.65 | 0.65 | 0.0 | 0 | ||
1999-04-22 | 1999-03-31 | 0.56 | 0.57 | 0.01 | 1 | ||
1999-02-03 | 1998-12-31 | 0.58 | 0.55 | -0.03 | 5 | ||
1998-10-22 | 1998-09-30 | 0.38 | 0.38 | 0.0 | 0 | ||
1998-07-23 | 1998-06-30 | 0.37 | 0.38 | 0.01 | 2 | ||
1998-04-22 | 1998-03-31 | 0.56 | 0.56 | 0.0 | 0 | ||
1998-01-29 | 1997-12-31 | 0.69 | 0.68 | -0.01 | 1 | ||
1997-10-16 | 1997-09-30 | 0.58 | 0.58 | 0.0 | 0 | ||
1997-07-17 | 1997-06-30 | 0.64 | 0.64 | 0.0 | 0 | ||
1997-04-17 | 1997-03-31 | 0.56 | 0.56 | 0.0 | 0 | ||
1997-01-29 | 1996-12-31 | 0.58 | 0.6 | 0.02 | 3 | ||
1996-10-15 | 1996-09-30 | 0.5 | 0.51 | 0.01 | 2 | ||
1996-07-16 | 1996-06-30 | 0.56 | 0.57 | 0.01 | 1 | ||
1996-04-15 | 1996-03-31 | 0.48 | 0.49 | 0.01 | 2 |
Snap On Corporate Directors
| William Lehman | Independent Director | Profile | |
| Nathan Jones | Independent Director | Profile | |
| Karen Daniel | Independent Director | Profile | |
| David Adams | Independent Director | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snap On. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snap On. If investors know Snap will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snap On listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.014 | Dividend Share 7.72 | Earnings Share 19.52 | Revenue Per Share | Quarterly Revenue Growth 0.004 |
The market value of Snap On is measured differently than its book value, which is the value of Snap that is recorded on the company's balance sheet. Investors also form their own opinion of Snap On's value that differs from its market value or its book value, called intrinsic value, which is Snap On's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Snap On's market value can be influenced by many factors that don't directly affect Snap On's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Snap On's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snap On is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snap On's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.