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CNM

Core & Main, Inc.

Industrials · $7.8B market cap

Verdict

Share price

$41.35

close of Oct 3, 2026

Fair value

$31.41

Sticker Price

Payback Price

$12.56

buy price

Overpriced

CNM is Overpriced: at $41.35 it trades 32% above its fair value of $31.41. Its buy price (Payback Price) is $12.56, 70% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 5% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth7.2% a year✗
Equity per share growth3.1% a year✗
Sales growth15.4% a year✓
Free cash flow growth30.5% a year✓
Return on invested capital11.6%✓

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Insider activity

Since Jun 22, 2026: 1 open-market purchase worth $95K and 12 other filings (stock awards, tax withholding and similar). Why purchases matter

Purchases

Hope James D

director · 2026-07-06

Bought

$95K

Other filings

Harper Carla D

Senior VP, Human Resources · 2026-08-04

Tax withholding

$11K

HUEBERT MICHAEL G.

President · 2026-07-22

Tax withholding

$57K

Buck Robert M

director · 2026-06-23

Award

2,799 shares

Kimbrough Orvin T

director · 2026-06-23

Award

2,799 shares

Gipson Dennis G

director · 2026-06-23

Award

2,799 shares

Show all 12 other filings

Amirthalingam Bhavani

director · 2026-06-23

Award

2,799 shares

Hope James D

director · 2026-06-23

Award

2,799 shares

MAZZARELLA KATHLEEN M

director · 2026-06-23

Award

2,799 shares

Hardwick M Susan

director · 2026-06-23

Award

2,799 shares

NEWMAN MARGARET

director · 2026-06-23

Award

2,799 shares

Castellano James G

director · 2026-06-23

Award

2,799 shares

Harper Carla D

Senior VP, Human Resources · 2026-06-22

Tax withholding

$27K

About Core & Main, Inc.

Core & Main, Inc. (CNM) is a leading supplier of vital infrastructure products and services across the United States. The company specializes in providing comprehensive solutions for water, wastewater, storm drainage, and fire protection systems. Their diverse clientele includes local governments (municipalities), privately owned water utilities, and a wide array of professional contractors working on projects in…

Industrial - Distribution

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works