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Best Conglomerate Stocks to Buy Now (2023)
Top conglomerate stocks in 2023 ranked by overall Zen Score. See the best conglomerate stocks to buy now, according to analyst forecasts for the conglomerates industry.

Industry: Conglomerates
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
TRC
TEJON RANCH CO
NYSE
Conglomerates
$531.05M$20.04-1.67%$30.56M31.81x0.19
SEB
SEABOARD CORP
NYSEMKT
Conglomerates
$4.53B$3,900.000.72%$700.00M9.49x0.63
SPLP
STEEL PARTNERS HOLDINGS LP
NYSE
Conglomerates
$967.94M$44.701.02%$340.66M6.21x3.11
IGC
INDIA GLOBALIZATION CAPITAL INC
NYSEMKT
Conglomerates
$21.76M$0.41-1.20%-$13.45M-1.52x0.09
IEP
ICAHN ENTERPRISES LP
NASDAQ
Conglomerates
$18.30B$54.230.33%$725.00M-34.99x4.41
MDU
MDU RESOURCES GROUP INC
NYSE
Conglomerates
$6.26B$30.78-0.74%$850.12M18.43x1.75
NNBR
NN INC
NASDAQ
Conglomerates
$100.46M$2.29-2.97%$46.20M-4.32x1.55
CODI
COMPASS DIVERSIFIED HOLDINGS
NYSE
Conglomerates
$1.61B$22.36-0.40%$159.89M372.67x2.09
MATW
MATTHEWS INTERNATIONAL CORP
NASDAQ
Conglomerates
$1.16B$38.01-1.55%$53.00M-15.64x2.77
BBU
BROOKFIELD BUSINESS PARTNERS LP
NYSE
Conglomerates
$1.57B$20.43-6.13%$5.00B46.43x14.79
CETX
CEMTREX INC
NASDAQ
Conglomerates
$7.94M$10.012.25%-$6.85M-0.55x2.23

Conglomerate Stocks FAQ

What are the best conglomerate stocks to buy right now in Feb 2023?

According to Zen Score, the 3 best conglomerate stocks to buy right now are:

1. Tejon Ranch Co (NYSE:TRC)


Tejon Ranch Co (NYSE:TRC) is the top conglomerate stock with a Zen Score of 43, which is 16 points higher than the conglomerate industry average of 27. It passed 14 out of 33 due diligence checks and has strong fundamentals. Tejon Ranch Co has seen its stock return 20.72% over the past year, overperforming other conglomerate stocks by 22 percentage points.

2. Seaboard (NYSEMKT:SEB)


Seaboard (NYSEMKT:SEB) is the second best conglomerate stock with a Zen Score of 37, which is 10 points higher than the conglomerate industry average of 27. It passed 13 out of 38 due diligence checks and has average fundamentals. Seaboard has seen its stock lose -0.51% over the past year, overperforming other conglomerate stocks by 1 percentage points.

3. Steel Partners Holdings (NYSE:SPLP)


Steel Partners Holdings (NYSE:SPLP) is the third best conglomerate stock with a Zen Score of 37, which is 10 points higher than the conglomerate industry average of 27. It passed 15 out of 38 due diligence checks and has average fundamentals. Steel Partners Holdings has seen its stock return 30.7% over the past year, overperforming other conglomerate stocks by 32 percentage points.

What are the conglomerate stocks with highest dividends?

Out of 6 conglomerate stocks that have issued dividends in the past year, the 3 conglomerate stocks with the highest dividend yields are:

1. Icahn Enterprises (NASDAQ:IEP)


Icahn Enterprises (NASDAQ:IEP) has an annual dividend yield of 14.75%, which is 10 percentage points higher than the conglomerate industry average of 4.32%. Icahn Enterprises's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Icahn Enterprises's dividend has shown consistent growth over the last 10 years.

Icahn Enterprises's dividend payout ratio of -516.1% indicates that its high dividend yield might not be sustainable for the long-term.

2. Compass Diversified Holdings (NYSE:CODI)


Compass Diversified Holdings (NYSE:CODI) has an annual dividend yield of 4.47%, which is the same as the conglomerate industry average of 4.32%. Compass Diversified Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Compass Diversified Holdings's dividend has not shown consistent growth over the last 10 years.

Compass Diversified Holdings's dividend payout ratio of 1,666.7% indicates that its high dividend yield might not be sustainable for the long-term.

3. Mdu Resources Group (NYSE:MDU)


Mdu Resources Group (NYSE:MDU) has an annual dividend yield of 2.84%, which is -1 percentage points lower than the conglomerate industry average of 4.32%. Mdu Resources Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Mdu Resources Group's dividend has shown consistent growth over the last 10 years.

Mdu Resources Group's dividend payout ratio of 52.1% indicates that its dividend yield is sustainable for the long-term.

Why are conglomerate stocks up?

Conglomerate stocks were up 0.63% in the last day, and down -1.57% over the last week.

We couldn't find a catalyst for why conglomerate stocks are up.

What are the most undervalued conglomerate stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued conglomerate stocks right now are:

1. Steel Partners Holdings (NYSE:SPLP)


Steel Partners Holdings (NYSE:SPLP) is the most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Steel Partners Holdings has a valuation score of 57, which is 36 points higher than the conglomerate industry average of 21. It passed 4 out of 7 valuation due diligence checks.

Steel Partners Holdings's stock has gained 30.7% in the past year. It has overperformed other stocks in the conglomerate industry by 32 percentage points.

2. Cemtrex (NASDAQ:CETX)


Cemtrex (NASDAQ:CETX) is the second most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Cemtrex has a valuation score of 29, which is 8 points higher than the conglomerate industry average of 21. It passed 2 out of 7 valuation due diligence checks.

Cemtrex's stock has dropped -61.19% in the past year. It has underperformed other stocks in the conglomerate industry by -60 percentage points.

3. Nn (NASDAQ:NNBR)


Nn (NASDAQ:NNBR) is the third most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Nn has a valuation score of 29, which is 8 points higher than the conglomerate industry average of 21. It passed 2 out of 7 valuation due diligence checks.

Nn's stock has dropped -29.32% in the past year. It has underperformed other stocks in the conglomerate industry by -28 percentage points.

Are conglomerate stocks a good buy now?

57.14% of conglomerate stocks rated by analysts are a strong buy right now. On average, analysts expect conglomerate stocks to rise by 30.53% over the next year.

What is the average p/e ratio of the conglomerates industry?

The average P/E ratio of the conglomerates industry is 5.56x.
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