---
title: Snap-on (SNA) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/sna
ticker: SNA
as_of: 2026-10-17
sector: Industrials
industry: Manufacturing - Tools & Accessories
---
# Snap-on (SNA)

Snap-on (SNA) closed at $367.25 on Oct 16, 2026, undervalued by 6% vs its model value of $390.22 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $367.25 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $390.22 |
| Price vs model | undervalued by 6% vs model |
| Range of that model | $267.08 – $791.69 |
| Market value | $19.0B |
| P/E (fiscal 2026) | 19.1 |
| Net margin (fiscal 2026) | 19.7% |
| Free cash flow (fiscal 2026) | $1.0B |
| Dividend yield (trailing twelve months) | 2.66% |
| Beta | 0.70 |
| Cost of capital (WACC) | 8.14% |
| Business classification | Dividend Payer (Low/slowing growth (~0% recent), High profitability (22% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (5.3%)) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 2.66% |
| Dividends per share, last 12 months | $9.76 |
| Dividends / free cash flow (fiscal 2026) | 46.0% |
| Raised | 16 years in a row |
| Growth over 5 years | 14.7% a year |
| Latest payment | $2.44, ex-date Aug 19, 2026, paid Sep 10, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 19, 2021 | $4.92 |
| To Aug 18, 2022 | $5.68 |
| To Aug 17, 2023 | $6.48 |
| To Aug 19, 2024 | $7.44 |
| To Aug 19, 2025 | $8.56 |
| Trailing twelve months (to Aug 19, 2026) | $9.76 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $390.22 | $267.08 | $791.69 |
| DCF · Perpetuity growth · 10y | cross check | $416.46 | $290.72 | $819.80 |
| DCF · EBITDA exit · 5y | cross check | $406.76 | $289.44 | $545.12 |
| DCF · EBITDA exit · 10y | cross check | $429.99 | $307.58 | $593.56 |
| P/E · peers | cross check | $480.98 | $313.84 | $872.04 |
| P/E · own history | cross check | $310.58 | $287.62 | $346.62 |
| PEG | sanity check | $157.92 | $157.92 | $157.92 |
| EV/EBITDA · peers | cross check | $363.11 | $218.72 | $467.78 |
| EV/Revenue · peers | cross check | $221.90 | $111.01 | $337.88 |
| Earnings power value | cross check | $193.30 | $164.50 | $235.11 |
| Dividend discount | cross check | $222.23 | $151.38 | $370.22 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 18 open-market sales ($18.1M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 31, 2026 | Adams David Charles | Director | Bona fide gift | 1,732 | — |
| Aug 31, 2026 | Adams David Charles | Director | Bona fide gift | 1,732 | — |
| Aug 26, 2026 | OZOLINS MARTY V. | Vice President & Controller | Option/RSU exercise (10b5-1 plan) | 800 | $134,960 |
| Aug 26, 2026 | OZOLINS MARTY V. | Vice President & Controller | Open-market sell (10b5-1 plan) | 800 | $320,000 |
| Aug 26, 2026 | OZOLINS MARTY V. | Vice President & Controller | Option/RSU exercise (10b5-1 plan) | 800 | — |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Jul 23, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/91440/000009144026000144/sna-20260704.htm |
| Jul 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/91440/000009144026000141/sna-20260723.htm |
| May 1, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/91440/000009144026000114/sna-20260430.htm |
| Apr 23, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/91440/000009144026000109/sna-20260404.htm |
| Apr 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/91440/000009144026000106/sna-20260423.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| John Rogers | 2026-06-30 | 28,940 | $11.6M |
| Mairs & Power | 2026-06-30 | 3,023 | $1.2M |
| Bridgewater | 2026-06-30 | 2,823 | $1.1M |

3 tracked managers in all.

## About

Snap-on Incorporated, a global provider based in Kenosha, Wisconsin, specializes in the production and distribution of an extensive range of tools, equipment, diagnostic systems, and repair information solutions for professional users worldwide. The company operates through its Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. Its comprehensive product portfolio includes a diverse selection of hand tools like wrenches, sockets, pliers, screwdrivers, cutting and pruning tools, and torque measuring instruments. Snap-on also supplies various power tools (cordless, pneumatic, hydraulic, and corded) and robust tool storage solutions such as chests and roll cabinets. Beyond physical tools, the firm delivers advanced diagnostic offerings, spanning handheld and computer-based products, specialized software, service and repair…

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Source: https://sweetvaluelab.com/stocks/sna (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.