One-glance verdict
Overvalued
$91.96 our estimate vs market $330.92
Wall Street consensus: $327.00 (255.6% higher than our fair-value estimate)
260% above our estimate, beyond the bull case
Fundamentals snapshot
Enpro Inc.
NPO · NYQ · Industrials · Specialty Industrial Machinery
Current price
$330.92
52-week range
$199.00 - $390.42
Market cap
$6.99B
Balance sheet
Watch
4.83x Stretched
Net debt $538.60M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Returns 2.9% on equity, ahead of 16% of its peers.
- Reward Free cash flow was positive in 10/10 years.
- Risk Stock trades 100.3% above its 5-year average P/E.
- Risk Net debt grew 18.9% over 3 years.
What this company does
Enpro Inc.
Enpro makes highly specialized parts, like industrial seals and protective coatings, that are essential for complex machinery to run safely and without contamination. The company primarily sells these crucial components to businesses in advanced fields like computer chip manufacturing, medicine, and aerospace, meaning Enpro's performance is often linked to the growth of these important industries.
How the company got here
Enpro was created in 2002 when it was spun off from the Goodrich Corporation, a large aerospace and industrial manufacturer. The company inherited a collection of businesses that made specialized industrial parts. A key challenge in its history has been managing legal claims related to asbestos, which led to one of its subsidiaries filing for bankruptcy and Enpro setting up a large trust to handle the liabilities. Over the past several years, Enpro has been actively changing its business mix, selling off some of its original operations and buying new companies to focus on more profitable, high-tech areas.
What it actually does
Enpro is an industrial technology company that makes highly engineered products for demanding and critical situations. Think of them as a creator of specialized, high-performance components that go inside the complex equipment used in other industries. Their products are used where failure would be very costly, so customers value reliability and precision more than just a low price. These items are essential for making everything from life-saving medicines and computer chips to generating power.
Sealing Technologies
This is Enpro's largest business segment, and it focuses on creating advanced sealing solutions to prevent leaks and protect sensitive processes. It makes things like industrial gaskets, seals, and other components that are critical for safety and reliability in factories and plants. Customers are in a wide range of industries, including chemical processing, power generation, food and drug manufacturing, and heavy-duty trucking, who pay for these durable parts to keep their operations running smoothly and safely.
Advanced Surface Technologies
This is a newer and fast-growing part of Enpro that is highly focused on the semiconductor (the industry that makes computer chips) market. This segment doesn't make the chips themselves, but provides essential services for the multi-million dollar machines that do. It offers ultra-precise cleaning, coating, and repair services for critical machine parts, helping chipmakers improve their manufacturing yield (the number of good chips they can produce). It also produces specialty optical filters and coatings used in life sciences and other high-tech applications.
What management is betting on now
Management's main strategy is to continue shifting the company toward high-tech industries where its engineering expertise is a key advantage. A top priority is growing the Advanced Surface Technologies business to capitalize on the global demand for semiconductors. They are focusing on businesses with high margins (the percentage of revenue a company keeps as profit) and where it's difficult for competitors to enter. The company also emphasizes what it calls a 'dual bottom-line' culture, which means it aims for strong financial performance while also investing in its employees' development.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q2
$38.30M
FY2024 Q3
$48.30M
FY2024 Q4
$49.10M
FY2025 Q1
$13.00M
FY2025 Q2
$42.30M
FY2025 Q3
$53.40M
FY2025 Q4
$189.00M
FY2026 Q1
$27.40M
Revenue
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Net income
$27.40M
Diluted EPS
1.29
Operating cash flow
$39.60M
Free cash flow
$27.40M
Fetching…
Sources
Revenue
—
Net income
$-32.00M
Diluted EPS
-1.50
Operating cash flow
$201.20M
Free cash flow
$189.00M
Fetching…
Sources
Revenue
—
Net income
$21.60M
Diluted EPS
1.01
Operating cash flow
$65.30M
Free cash flow
$53.40M
Fetching…
Sources
Revenue
—
Net income
$26.40M
Diluted EPS
1.25
Operating cash flow
$52.20M
Free cash flow
$42.30M
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Sources
Revenue
—
Net income
$24.50M
Diluted EPS
1.15
Operating cash flow
$21.00M
Free cash flow
$13.00M
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Sources
Revenue
$1.05B
Net income
$13.90M
Diluted EPS
0.65
Operating cash flow
$59.40M
Free cash flow
$49.10M
Fetching…
Sources
Revenue
—
Net income
$19.80M
Diluted EPS
0.94
Operating cash flow
$54.00M
Free cash flow
$48.30M
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Sources
Revenue
—
Net income
$26.70M
Diluted EPS
1.27
Operating cash flow
$43.20M
Free cash flow
$38.30M
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Sources
Is it cheap or expensive?
Fair value $91.96 vs current price $330.92
Wall Street consensus is the average analyst price target: $327.00 (255.6% higher than our fair-value estimate).
Our most-likely fair value is $91.96 a share — about 72.2% below today's price of $330.92, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Watch
Net debt $538.6M. Interest coverage 4.8x.
Net debt
$538.60M
Interest coverage
4.83x
Enpro Inc.'s profit covers its interest bill about 4.8 times over.
Watch
Worse cushion
Baseline
Better cushion
NPO
BASELINE
Enpro Inc.
Total debt $617.80M Interest coverage 4.83x This is the baseline the peer rows are being compared against.
Total debt $1.89B Interest coverage 6.68x +38% vs NPO Carries about 1.4x more debt cushion than NPO.
Total debt $3.96B Interest coverage 14.23x +195% vs NPO Carries about 2.9x more debt cushion than NPO.
Total debt $3.90B Interest coverage 2.14x -56% vs NPO Carries about 2.3x less debt cushion than NPO.
Total debt $1.90B Interest coverage 11.18x +132% vs NPO Carries about 2.3x more debt cushion than NPO.
Total debt $1.21B Interest coverage 37.54x +678% vs NPO Carries about 7.8x more debt cushion than NPO.
What you should know
The case for and against NPO
3 Rewards
2 Risks
Rewards
-
Returns 2.9% on equity, ahead of 16% of its peers.
-
Free cash flow was positive in 10/10 years.
-
Dividend yield is 0.4% with 12-year payout history.
Risks
-
Stock trades 100.3% above its 5-year average P/E.
-
Net debt grew 18.9% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
161.42x
Forward P/E
31.93x
P/B
4.47x
P/S
5.96x
EV/EBITDA
26.55x
PEG ratio
2.41x
Profitability
How much profit each dollar creates
Gross margin
43.1%
Operating margin
15.9%
Net margin
3.7%
ROE
2.9%
ROA
4.3%
Health
Liquidity and balance-sheet strength
Debt / equity
0.40x
Current ratio
2.21x
Quick ratio
1.24x
Total debt
$617.80M
Total cash
$79.20M
Growth
How the business has been compounding
Revenue TTM
$3.58B
Revenue 5Y CAGR
-3.1%
EPS TTM
2.05
EPS 5Y CAGR
-42.1%
Cash flow
How much cash the business throws off
Operating CF TTM
$358.30M
Free CF TTM
$159.20M
FCF margin
4.4%
Dividend
Shareholder payout
Yield
0.4%
Payout ratio
61.0%
Last ex-div date
2026-06-03