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BWX Technologies (BWXT) is a company in which the defense, energy and medicine industries simultaneously intersect. The company split from Babcock & Wilcox in 2015 and has been developing in two directions since then: in the
BWX Technologies: A Premium Name With Unlocked Commercial Leverage
Summary
- BWXT's unique position in defense, energy, and medicine, plus a $5B order book, underpins stable growth and diversification beyond government contracts.
- Commercial segment is set for rapid expansion, especially post-Kinectrics acquisition, driving projected 50% annual revenue growth and margin improvement.
- Valuation models show 14-30% upside with limited downside; shares remain undervalued despite recent outperformance, supporting a 'buy' recommendation.
- Risks include heavy reliance on US government contracts, but stable dividends, buybacks, and moderate debt enhance long-term investment appeal.
Hi there! I’m Narek, and I’ve been in the investment world for over six years. I started out as an equity analyst at European banks, digging into reports and learning how to spot value in the markets. I’ve worked across sectors — from telecom to industry — and found that behind every financial statement is a real story. I studied in Belgium — did my bachelor’s in Antwerp, master’s at KU Leuven, and later completed an MBA in Finance at Vlerick. That journey gave me both theory and hands-on skills. Now I’m building my own investment project focused on the CIS region. I’m passionate about applying Western analytical tools to uncover hidden value in emerging markets. If you enjoy deep, fundamentals-driven research and digging beneath the surface of a company — glad to have you on board!
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