One-glance verdict
Overvalued
$-6.67 our estimate vs market $45.24
Wall Street consensus: $54.00 (-909.4% lower than our fair-value estimate)
778% below our estimate, beyond the bull case
Fundamentals snapshot
Park-Ohio Holdings Corp.
PKOH · NMS · Industrials · Specialty Industrial Machinery
Current price
$45.24
52-week range
$18.06 - $53.30
Market cap
$655.60M
Balance sheet
Stretched
1.72x Concerning
Net debt $655.70M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
1 Risk
3 rewards · 1 risks
- Reward Revenue grew 3.5% last year.
- Reward Returns 6.3% on equity, ahead of 16% of its peers.
- Reward Free cash flow was positive in 8/10 years.
- Risk Stock trades 5.4% above its 5-year average P/E.
What this company does
Park-Ohio Holdings Corp.
Park-Ohio makes and supplies essential parts, like fuel pipes and specialized nuts and bolts, for big industries including automotive, aerospace, and construction. A major part of their business involves managing the entire supply chain (the complex process of getting parts from a supplier to a factory) for their customers. This makes them a critical partner for keeping other companies' assembly lines running, so their success is often tied to the overall health of the manufacturing world.
How the company got here
Park-Ohio's story starts with two Cleveland-based companies, one founded in 1907 and the other in 1920, that made heavy-duty engine parts for things like big trucks and locomotives. They joined forces in 1967, and over the years, the company expanded into other industrial products. After a difficult period in the 1980s, a new leader named Edward F. Crawford took over in 1992 and reshaped the company by acquiring (buying) other businesses to fuel growth. This strategy of growing through acquisitions has been a key part of making the company what it is today.
What it actually does
Think of Park-Ohio as a behind-the-scenes partner for other big manufacturing companies. They don't make products you'd buy in a store, but they supply the essential parts and services that other companies need to build their own products. This includes everything from tiny fasteners and rubber hoses to massive industrial machinery. They also offer a service called supply chain management (the process of getting parts from a supplier to a manufacturer), where they handle the entire process of getting parts to a factory floor right when they're needed.
Supply Technologies
This is Park-Ohio's logistics and parts management business, and it's a major part of the company. Imagine a giant factory building cars; this segment makes sure all the small parts like nuts, bolts, and labels arrive exactly when and where they're needed so the assembly line never stops. Customers, which include large manufacturers in industries like automotive and electronics, pay Park-Ohio to manage this entire supply chain (the network of companies involved in producing and distributing a product) for them. This saves the customer the headache of dealing with hundreds of tiny parts suppliers themselves.
Assembly Components
This part of the business manufactures components that are assembled into other companies' final products. They make things like fuel filler pipes and high-pressure fuel rails for cars and trucks, as well as various plastic and rubber parts like hoses. Essentially, large manufacturers, especially in the automotive industry, pay this segment for custom-engineered parts that fit directly into their vehicles. This segment is a significant contributor to the company's overall business.
Engineered Products
This segment builds and services heavy-duty industrial equipment for other manufacturers. Their products include systems that use intense heat to shape metal (a process called induction heating) and machinery used to create threads on pipes. They also make very large, heavy-duty forged metal parts for industries like aerospace, defense, and railroads. Customers in heavy industry pay this segment for massive, specialized equipment and highly durable components that are essential for their manufacturing processes.
What management is betting on now
Management's current strategy is focused on continuing to grow by making smart acquisitions (buying other companies) that fit well with their existing businesses. They are looking for companies that can either expand their reach into new geographic areas or add new, related products to what they already offer. For example, they recently bought a company specializing in components for the aerospace and defense industries to strengthen their position in those markets. This shows they are betting on strategic purchases, rather than just any purchase, to build on their strengths and enter new, promising fields.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-100.00K
FY2024 Q4
$17.30M
FY2025 Q1
$-19.50M
FY2025 Q2
$-21.10M
FY2025 Q3
$6.60M
FY2025 Q4
$36.00M
FY2026 Q1
$-20.30M
FY2026 Q2
$-1.80M
Revenue
$440.10M
Net income
$12.10M
Diluted EPS
0.86
Operating cash flow
$9.20M
Free cash flow
$-1.80M
Fetching…
Sources
Revenue
$421.00M
Net income
$8.10M
Diluted EPS
0.57
Operating cash flow
$-7.80M
Free cash flow
$-20.30M
Fetching…
Sources
Revenue
$395.00M
Net income
$1.00M
Diluted EPS
0.06
Operating cash flow
$48.70M
Free cash flow
$36.00M
Fetching…
Sources
Revenue
$398.60M
Net income
$5.30M
Diluted EPS
0.38
Operating cash flow
$17.30M
Free cash flow
$6.60M
Fetching…
Sources
Revenue
$400.10M
Net income
$9.20M
Diluted EPS
0.66
Operating cash flow
$-13.70M
Free cash flow
$-21.10M
Fetching…
Sources
Revenue
$405.40M
Net income
$8.30M
Diluted EPS
0.60
Operating cash flow
$-10.00M
Free cash flow
$-19.50M
Fetching…
Sources
Revenue
$388.40M
Net income
$500.00K
Diluted EPS
0.00
Operating cash flow
$26.40M
Free cash flow
$17.30M
Fetching…
Sources
Revenue
$417.60M
Net income
$9.80M
Diluted EPS
0.73
Operating cash flow
$9.00M
Free cash flow
$-100.00K
Fetching…
Sources
Is it cheap or expensive?
Fair value $-6.67 vs current price $45.24
Wall Street consensus is the average analyst price target: $54.00 (-909.4% lower than our fair-value estimate).
Our most-likely fair value is $-6.67 a share — about 114.7% below today's price of $45.24, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Stretched
Net debt $655.7M. Interest coverage 1.7x.
Net debt
$655.70M
Interest coverage
1.72x
Park-Ohio Holdings Corp.'s profit covers its interest bill about 1.7 times over. which is weaker than most peers shown here.
Stretched
Worse cushion
Baseline
Better cushion
PKOH
BASELINE
Park-Ohio Holdings Corp.
Total debt $704.00M Interest coverage 1.72x This is the baseline the peer rows are being compared against.
Total debt $70.32M Interest coverage 4.48x +161% vs PKOH Carries about 2.6x more debt cushion than PKOH.
Total debt $4.54M Interest coverage 8.51x +396% vs PKOH Carries about 5.0x more debt cushion than PKOH.
Total debt $350.60M Interest coverage 4.20x +144% vs PKOH Carries about 2.4x more debt cushion than PKOH.
Total debt $184.79M Interest coverage 14.06x +718% vs PKOH Carries about 8.2x more debt cushion than PKOH.
Total debt $588.50M Interest coverage 4.83x +181% vs PKOH Carries about 2.8x more debt cushion than PKOH.
What you should know
The case for and against PKOH
3 Rewards
1 Risk
Rewards
-
Revenue grew 3.5% last year.
-
Returns 6.3% on equity, ahead of 16% of its peers.
-
Free cash flow was positive in 8/10 years.
Risks
-
Stock trades 5.4% above its 5-year average P/E.
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)
23.44x
Forward P/E
12.29x
P/B
1.62x
P/S
0.40x
EV/EBITDA
10.22x
PEG ratio
1.09x
Profitability
How much profit each dollar creates
Gross margin
17.3%
Operating margin
6.4%
Net margin
1.6%
ROE
6.3%
ROA
4.1%
Health
Liquidity and balance-sheet strength
Debt / equity
1.79x
Current ratio
2.40x
Quick ratio
1.05x
Total debt
$704.00M
Total cash
$48.30M
Growth
How the business has been compounding
Revenue TTM
$1.65B
Revenue 5Y CAGR
5.8%
EPS TTM
1.93
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$67.40M
Free CF TTM
$2.00M
FCF margin
0.1%
Dividend
Shareholder payout
Yield
1.1%
Payout ratio
25.9%
Last ex-div date
2026-07-31