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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
SEB
SEABOARD CORP
$3.41B$3,513.74N/AN/AN/AN/AN/AN/AN/AN/A
VMI
VALMONT INDUSTRIES INC
$4.28B$205.05$294.0043.38%Buy20.40%34.88%N/AN/A
VRTV
VERITIV CORP
$2.31B$169.96N/AN/AN/AN/AN/AN/A24.96%11.73%
RCMT
RCM TECHNOLOGIES INC
$206.46M$26.36$27.504.32%Strong Buy20.86%18.18%N/AN/A
HON
HONEYWELL INTERNATIONAL INC
$128.07B$194.27$180.00-7.35%Strong Sell13.29%12.92%N/AN/A
HHS
HARTE HANKS INC
$47.70M$6.61N/AN/AN/AN/A-3.95%-46.75%N/AN/A
SPLP
STEEL PARTNERS HOLDINGS LP
$827.83M$38.85N/AN/AN/AN/AN/AN/AN/AN/A
GFF
GRIFFON CORP
$2.40B$45.92$62.5036.11%Strong Buy21.80%49.01%N/AN/A
MATW
MATTHEWS INTERNATIONAL CORP
$1.05B$34.52$64.0085.40%Strong Buy12.52%N/AN/AN/A
CRESY
CRESUD INC
$525.74M$8.86N/AN/AN/AN/AN/AN/AN/AN/A
CODI
COMPASS DIVERSIFIED HOLDINGS
$1.44B$20.04N/AN/AN/AN/A1.89%105.57%N/AN/A
MDU
MDU RESOURCES GROUP INC
$3.87B$19.01$22.0015.73%Strong Buy1N/AN/A15.51%5.43%
MMM
3M CO
$54.41B$98.51$108.099.73%Hold11-0.28%N/A124.96%11.77%
TRC
TEJON RANCH CO
$433.63M$16.22N/AN/AN/AN/A-6.92%N/AN/AN/A
TUSK
MAMMOTH ENERGY SERVICES INC
$199.92M$4.17N/AN/AN/AN/AN/AN/AN/AN/A
ALPP
ALPINE 4 HOLDINGS INC
$23.67M$0.89N/AN/AN/AN/AN/AN/AN/AN/A
EFSH
1847 HOLDINGS LLC
$1.75M$0.55N/AN/AN/AN/AN/AN/AN/AN/A
BBU
BROOKFIELD BUSINESS PARTNERS LP
$1.17B$15.72$27.0071.81%Buy2N/AN/A8.67%0.55%
FIP
FTAI INFRASTRUCTURE INC
$364.13M$3.66N/AN/AN/AN/AN/AN/AN/AN/A
NNBR
NN INC
$108.91M$2.30$4.0073.91%Strong Buy11.38%N/AN/AN/A
FBYD
FALCON's BEYOND GLOBAL INC
$1.68B$12.30N/AN/AN/AN/AN/AN/AN/AN/A

Conglomerate Stocks FAQ

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

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

1. Seaboard (NYSEMKT:SEB)


Seaboard (NYSEMKT:SEB) is the top conglomerate stock with a Zen Score of 51, which is 18 points higher than the conglomerate industry average of 33. It passed 18 out of 38 due diligence checks and has strong fundamentals. Seaboard has seen its stock lose -11.94% over the past year, overperforming other conglomerate stocks by 1 percentage points.

2. Valmont Industries (NYSE:VMI)


Valmont Industries (NYSE:VMI) is the second best conglomerate stock with a Zen Score of 50, which is 17 points higher than the conglomerate industry average of 33. It passed 18 out of 38 due diligence checks and has strong fundamentals. Valmont Industries has seen its stock lose -38.47% over the past year, underperforming other conglomerate stocks by -26 percentage points.

Valmont Industries has an average 1 year price target of $294.00, an upside of 43.38% from Valmont Industries's current stock price of $205.05.

Valmont Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Valmont Industries, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Veritiv (NYSE:VRTV)


Veritiv (NYSE:VRTV) is the third best conglomerate stock with a Zen Score of 50, which is 17 points higher than the conglomerate industry average of 33. It passed 19 out of 38 due diligence checks and has strong fundamentals. Veritiv has seen its stock return 33.93% over the past year, overperforming other conglomerate stocks by 47 percentage points.

What are the conglomerate stocks with highest dividends?

Out of 11 conglomerate stocks that have issued dividends in the past year, the 3 conglomerate stocks with the highest dividend yields are:

1. 3m Co (NYSE:MMM)


3m Co (NYSE:MMM) has an annual dividend yield of 6.09%, which is 3 percentage points higher than the conglomerate industry average of 2.71%. 3m Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. 3m Co's dividend has shown consistent growth over the last 10 years.

3m Co's dividend payout ratio of -45.1% indicates that its high dividend yield might not be sustainable for the long-term.

2. Cresud (NASDAQ:CRESY)


Cresud (NASDAQ:CRESY) has an annual dividend yield of 5.49%, which is 3 percentage points higher than the conglomerate industry average of 2.71%. Cresud's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Cresud's dividend has shown consistent growth over the last 10 years.

Cresud's dividend payout ratio of 23.2% indicates that its high dividend yield is sustainable for the long-term.

3. Griffon (NYSE:GFF)


Griffon (NYSE:GFF) has an annual dividend yield of 5.44%, which is 3 percentage points higher than the conglomerate industry average of 2.71%. Griffon's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Griffon's dividend has shown consistent growth over the last 10 years.

Griffon's dividend payout ratio of 164.4% indicates that its high dividend yield might not be sustainable for the long-term.

Why are conglomerate stocks down?

Conglomerate stocks were down -0.41% in the last day, and up 0.01% over the last week.

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

What are the most undervalued conglomerate stocks?

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

1. Veritiv (NYSE:VRTV)


Veritiv (NYSE:VRTV) is the most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Veritiv has a valuation score of 71, which is 36 points higher than the conglomerate industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Veritiv's stock has gained 33.93% in the past year. It has overperformed other stocks in the conglomerate industry by 47 percentage points.

2. Harte Hanks (NASDAQ:HHS)


Harte Hanks (NASDAQ:HHS) is the second most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Harte Hanks has a valuation score of 71, which is 36 points higher than the conglomerate industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Harte Hanks's stock has dropped -34.62% in the past year. It has underperformed other stocks in the conglomerate industry by -22 percentage points.

3. Seaboard (NYSEMKT:SEB)


Seaboard (NYSEMKT:SEB) is the third most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Seaboard has a valuation score of 71, which is 36 points higher than the conglomerate industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Seaboard's stock has dropped -11.94% in the past year. It has overperformed other stocks in the conglomerate industry by 1 percentage points.

Are conglomerate stocks a good buy now?

55.56% of conglomerate stocks rated by analysts are a strong buy right now. On average, analysts expect conglomerate stocks to rise by 22.98% 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 14.5x.
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