Stock Analysis on Net

Emerson Electric Co. (NYSE:EMR)

This company has been moved to the archive! The financial data has not been updated since April 24, 2020.

Analysis of Reportable Segments

Microsoft Excel

Segment Profit Margin

Emerson Electric Co., profit margin by reportable segment

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Automation Solutions 15.96% 16.48% 16.16% 16.22% 18.18%
Climate Technologies 20.47% 21.82% 23.15% 22.87% 20.84%
Tools & Home Products 20.91% 24.87% 23.28% 23.84% 22.40%

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

Segment profitability ratio Reportable segment The company
Segment profit margin Automation Solutions Automation Solutions segment profit margin ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.
Climate Technologies Climate Technologies segment profit margin ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Tools & Home Products Tools & Home Products segment profit margin ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Segment Profit Margin: Automation Solutions

Emerson Electric Co.; Automation Solutions; segment profit margin calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Earnings 1,947 1,886 1,522 1,456 1,846
Sales 12,202 11,441 9,418 8,977 10,153
Segment Profitability Ratio
Segment profit margin1 15.96% 16.48% 16.16% 16.22% 18.18%

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment profit margin = 100 × Earnings ÷ Sales
= 100 × 1,947 ÷ 12,202 = 15.96%

Segment profitability ratio Reportable segment The company
Segment profit margin Automation Solutions Automation Solutions segment profit margin ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Segment Profit Margin: Climate Technologies

Emerson Electric Co.; Climate Technologies; segment profit margin calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Earnings 883 972 975 902 835
Sales 4,313 4,454 4,212 3,944 4,006
Segment Profitability Ratio
Segment profit margin1 20.47% 21.82% 23.15% 22.87% 20.84%

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment profit margin = 100 × Earnings ÷ Sales
= 100 × 883 ÷ 4,313 = 20.47%

Segment profitability ratio Reportable segment The company
Segment profit margin Climate Technologies Climate Technologies segment profit margin ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Segment Profit Margin: Tools & Home Products

Emerson Electric Co.; Tools & Home Products; segment profit margin calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Earnings 388 380 383 384 364
Sales 1,856 1,528 1,645 1,611 1,625
Segment Profitability Ratio
Segment profit margin1 20.91% 24.87% 23.28% 23.84% 22.40%

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment profit margin = 100 × Earnings ÷ Sales
= 100 × 388 ÷ 1,856 = 20.91%

Segment profitability ratio Reportable segment The company
Segment profit margin Tools & Home Products Tools & Home Products segment profit margin ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Segment Return on Assets (Segment ROA)

Emerson Electric Co., ROA by reportable segment

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Automation Solutions 13.91% 13.75% 12.10% 16.62% 20.94%
Climate Technologies 30.61% 33.11% 38.28% 36.24% 34.01%
Tools & Home Products 26.54% 24.36% 46.14% 47.47% 44.55%

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

Segment profitability ratio Reportable segment The company
Segment ROA Automation Solutions Automation Solutions segment ROA improved from 2017 to 2018 and from 2018 to 2019.
Climate Technologies Climate Technologies segment ROA deteriorated from 2017 to 2018 and from 2018 to 2019.
Tools & Home Products Tools & Home Products segment ROA deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Segment ROA: Automation Solutions

Emerson Electric Co.; Automation Solutions; segment ROA calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Earnings 1,947 1,886 1,522 1,456 1,846
Total assets 13,996 13,720 12,581 8,759 8,817
Segment Profitability Ratio
Segment ROA1 13.91% 13.75% 12.10% 16.62% 20.94%

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment ROA = 100 × Earnings ÷ Total assets
= 100 × 1,947 ÷ 13,996 = 13.91%

Segment profitability ratio Reportable segment The company
Segment ROA Automation Solutions Automation Solutions segment ROA improved from 2017 to 2018 and from 2018 to 2019.

Segment ROA: Climate Technologies

Emerson Electric Co.; Climate Technologies; segment ROA calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Earnings 883 972 975 902 835
Total assets 2,885 2,936 2,547 2,489 2,455
Segment Profitability Ratio
Segment ROA1 30.61% 33.11% 38.28% 36.24% 34.01%

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment ROA = 100 × Earnings ÷ Total assets
= 100 × 883 ÷ 2,885 = 30.61%

Segment profitability ratio Reportable segment The company
Segment ROA Climate Technologies Climate Technologies segment ROA deteriorated from 2017 to 2018 and from 2018 to 2019.

Segment ROA: Tools & Home Products

Emerson Electric Co.; Tools & Home Products; segment ROA calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Earnings 388 380 383 384 364
Total assets 1,462 1,560 830 809 817
Segment Profitability Ratio
Segment ROA1 26.54% 24.36% 46.14% 47.47% 44.55%

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment ROA = 100 × Earnings ÷ Total assets
= 100 × 388 ÷ 1,462 = 26.54%

Segment profitability ratio Reportable segment The company
Segment ROA Tools & Home Products Tools & Home Products segment ROA deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Segment Asset Turnover

Emerson Electric Co., asset turnover by reportable segment

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Automation Solutions 0.87 0.83 0.75 1.02 1.15
Climate Technologies 1.49 1.52 1.65 1.58 1.63
Tools & Home Products 1.27 0.98 1.98 1.99 1.99

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

Segment activity ratio Reportable segment The company
Segment asset turnover Automation Solutions Automation Solutions segment asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.
Climate Technologies Climate Technologies segment asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Tools & Home Products Tools & Home Products segment asset turnover ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Segment Asset Turnover: Automation Solutions

Emerson Electric Co.; Automation Solutions; segment asset turnover calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Sales 12,202 11,441 9,418 8,977 10,153
Total assets 13,996 13,720 12,581 8,759 8,817
Segment Activity Ratio
Segment asset turnover1 0.87 0.83 0.75 1.02 1.15

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment asset turnover = Sales ÷ Total assets
= 12,202 ÷ 13,996 = 0.87

Segment activity ratio Reportable segment The company
Segment asset turnover Automation Solutions Automation Solutions segment asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Segment Asset Turnover: Climate Technologies

Emerson Electric Co.; Climate Technologies; segment asset turnover calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Sales 4,313 4,454 4,212 3,944 4,006
Total assets 2,885 2,936 2,547 2,489 2,455
Segment Activity Ratio
Segment asset turnover1 1.49 1.52 1.65 1.58 1.63

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment asset turnover = Sales ÷ Total assets
= 4,313 ÷ 2,885 = 1.49

Segment activity ratio Reportable segment The company
Segment asset turnover Climate Technologies Climate Technologies segment asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Segment Asset Turnover: Tools & Home Products

Emerson Electric Co.; Tools & Home Products; segment asset turnover calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Sales 1,856 1,528 1,645 1,611 1,625
Total assets 1,462 1,560 830 809 817
Segment Activity Ratio
Segment asset turnover1 1.27 0.98 1.98 1.99 1.99

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment asset turnover = Sales ÷ Total assets
= 1,856 ÷ 1,462 = 1.27

Segment activity ratio Reportable segment The company
Segment asset turnover Tools & Home Products Tools & Home Products segment asset turnover ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Segment Capital Expenditures to Depreciation

Emerson Electric Co., capital expenditures to depreciation by reportable segment

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Automation Solutions 0.56 0.58 0.59 0.75 0.96
Climate Technologies 1.26 1.22 1.17 0.89 1.03
Tools & Home Products 0.83 1.45 1.00 1.00 1.10

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Automation Solutions Automation Solutions segment capital expenditures to depreciation ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Climate Technologies Climate Technologies segment capital expenditures to depreciation ratio improved from 2017 to 2018 and from 2018 to 2019.
Tools & Home Products Tools & Home Products segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Segment Capital Expenditures to Depreciation: Automation Solutions

Emerson Electric Co.; Automation Solutions; segment capital expenditures to depreciation calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Capital expenditures 297 295 234 246 298
Depreciation and amortization 535 507 400 330 311
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.56 0.58 0.59 0.75 0.96

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 297 ÷ 535 = 0.56

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Automation Solutions Automation Solutions segment capital expenditures to depreciation ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Segment Capital Expenditures to Depreciation: Climate Technologies

Emerson Electric Co.; Climate Technologies; segment capital expenditures to depreciation calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Capital expenditures 222 209 182 133 154
Depreciation and amortization 176 171 156 150 149
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.26 1.22 1.17 0.89 1.03

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 222 ÷ 176 = 1.26

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Climate Technologies Climate Technologies segment capital expenditures to depreciation ratio improved from 2017 to 2018 and from 2018 to 2019.

Segment Capital Expenditures to Depreciation: Tools & Home Products

Emerson Electric Co.; Tools & Home Products; segment capital expenditures to depreciation calculation

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Selected Financial Data (US$ in millions)
Capital expenditures 59 64 45 44 46
Depreciation and amortization 71 44 45 44 42
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.83 1.45 1.00 1.00 1.10

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 59 ÷ 71 = 0.83

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Tools & Home Products Tools & Home Products segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Sales

Emerson Electric Co., sales by reportable segment

US$ in millions

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Automation Solutions 12,202 11,441 9,418 8,977 10,153
Climate Technologies 4,313 4,454 4,212 3,944 4,006
Tools & Home Products 1,856 1,528 1,645 1,611 1,625
Commercial & Residential Solutions 6,169 5,982 5,857 5,555 5,631
Corporate and other 477
Eliminations/Interest 1 (15) (11) (10) (12)
Total 18,372 17,408 15,264 14,522 16,249

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).


Earnings

Emerson Electric Co., earnings by reportable segment

US$ in millions

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Automation Solutions 1,947 1,886 1,522 1,456 1,846
Climate Technologies 883 972 975 902 835
Tools & Home Products 388 380 383 384 364
Commercial & Residential Solutions 1,271 1,352 1,358 1,286 1,199
Corporate and other (185) (412) (380) (238) 937
Eliminations/Interest (174) (159) (165) (188) (175)
Total 2,859 2,667 2,335 2,316 3,807

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).


Total assets

Emerson Electric Co., total assets by reportable segment

US$ in millions

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Automation Solutions 13,996 13,720 12,581 8,759 8,817
Climate Technologies 2,885 2,936 2,547 2,489 2,455
Tools & Home Products 1,462 1,560 830 809 817
Commercial & Residential Solutions 4,347 4,496 3,377 3,298 3,272
Corporate and other 2,154 2,174 3,631 9,675 9,999
Total 20,497 20,390 19,589 21,732 22,088

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).


Depreciation and amortization

Emerson Electric Co., depreciation and amortization by reportable segment

US$ in millions

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Automation Solutions 535 507 400 330 311
Climate Technologies 176 171 156 150 149
Tools & Home Products 71 44 45 44 42
Commercial & Residential Solutions 247 215 201 194 191
Corporate and other 40 36 35 44 71
Total 822 758 636 568 573

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).


Capital expenditures

Emerson Electric Co., capital expenditures by reportable segment

US$ in millions

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Automation Solutions 297 295 234 246 298
Climate Technologies 222 209 182 133 154
Tools & Home Products 59 64 45 44 46
Commercial & Residential Solutions 281 273 227 177 200
Corporate and other 16 49 15 24 90
Total 594 617 476 447 588

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).