Today’s Stock: Eaton Corporation plc (ETN)Today’s Stock: Eaton Corporation plc (ETN)

Eaton Corporation plc operates as a power management company in the United States, Canada, Latin America, Europe, and the Asia Pacific. The company operates through Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility segments. It offers electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, and power reliability equipment; and hazardous duty electrical equipment, emergency lighting, fire detection, intrinsically safe explosion-proof instrumentation, and structural support systems.

It also provides pumps, motors, hydraulic power units, hoses and fittings, and electro-hydraulic pumps; valves, cylinders, electronic controls, electromechanical actuators, sensors, aircraft flap and slat systems, and nose wheel steering systems; hose, thermoplastic tubing products, fittings, adapters, couplings, and sealing and ducting products; air-to-air refueling systems, fuel pumps, fuel inerting products, sensors, and adapters and regulators; oxygen generation system, payload carriages, and thermal management products; wiring connectors and cables; hydraulic and bag filters, strainers and cartridges, and golf grips for manufacturers of commercial and military aircraft, and related after-market customers, as well as industrial applications. In addition, the company offers transmissions, clutches, hybrid power systems, superchargers, engine valves and valve actuation systems, locking and limited slip differentials, transmission controls, and fuel vapor components for the vehicle industry; voltage inverters, converters, fuses, circuit protection units, vehicle controls, power distribution systems, fuel tank isolation valves, and commercial vehicle hybrid systems. The company formerly known as Abeiron Limited. The company was founded in 1911 and is based in Dublin, Ireland.

My Thoughts 💭My Thoughts 💭

I think I have come across Eaton tools and parts in my life but I can’t be certain. But they are a major business and what seems like one that would benefit tremendously from American re-industrialization. Let’s take a look at the fundamentals.

At 511.2k sats per share ($70,442), and a 5.8k sat per share yearly dividend. It would take 88 years to break even.

The company trades at a PE 36 which means investors are paying $34 access $1 of earnings. An expensive stock by historical standards.

Let’s review some key fundamentals to determine if this stock is worth spending sats on.

PE:PE:

Expected Growth:Expected Growth:

Revenues and expenses:Revenues and expenses:

Balance Sheet:Balance Sheet:

Dividend:Dividend:

NoneNone

Ownership breakdown :Ownership breakdown :

Leadership:Leadership:

The fundamentals of this company are decent. The balance sheet is bad, the growth prospects are average (projected to grow much slower than bitcoin), an elevated PE, and heavy institutional ownership.

The only positives are the free cash flow and the dividend payments.

From a Bitcoiner perspective. Paying 511k sats for one share is not worth it. I expected better fundamentals from this company since they are doing so many vital things in the energy and aerospace industries. But the debt, high valuation and modest growth makes selling 511k sats for one share of Eaton a losing investment.

Here is the performance according to Simply Wall Street

5 years ago this company caught a bid from investors but now I think the valuation is a bit rich. The debt is bad and the growth is nothing to get excited about. This could change thus why Ansel added this company to his portfolio but I would pass on this company and stick with. GEV