Caterpillar(CAT)’s 2023 Financial Analysis and Stock Valuation

Introduction With 2023 sales and revenues of $67.060 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.  The company principally operates through its three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and also provides financing…