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Universal Stainless & Alloy Products 配当と自社株買い
配当金 基準チェック /06
Universal Stainless & Alloy Products配当金を支払った記録がありません。
主要情報
n/a
配当利回り
-0.4%
バイバック利回り
| 総株主利回り | -0.4% |
| 将来の配当利回り | n/a |
| 配当成長 | n/a |
| 次回配当支払日 | n/a |
| 配当落ち日 | n/a |
| 一株当たり配当金 | n/a |
| 配当性向 | n/a |
最近の配当と自社株買いの更新
更新なし
Recent updates
Seeking Alpha • Oct 18
Universal Stainless & Alloy Products Merger Arbitrage Play
Summary Recommend buying Universal Stainless & Alloy Products, Inc. shares due to a 2.5% merger-arbitrage opportunity with Aperam's $45/share all-cash acquisition deal, expected to close in Q1 '25. USAP's strong aerospace sector growth and improved profitability, with aEBITDA margins rising from 8% in FY22 to 22% in Q2 '24, suggest $45/share may be a low acquisition price. Despite potential CFIUS review risks, USAP's limited national security impact and Aperam's lack of US operations make antitrust approval likely. Valuing USAP at $65/share based on industry outlook and profitability, I see a significant upside even if the deal doesn't close; Aperam shares are not recommended on a bearish EU outlook. Read the full article on Seeking AlphaSeeking Alpha • Sep 12
Universal Stainless: Aerospace Market Growth Remains Strong
Summary Universal Stainless has seen a 400% share price increase since December 2023, mainly driven by strong aerospace market growth. USAP's backlog has declined 16% YoY, potentially indicating future sales pressures, although I believe that improved lead times partly explain this reduction. Despite some headwinds, I expect continued aerospace demand and revenue growth, supported by positive cash flows and a continuous reduction in debt. Therefore, I maintain a Buy rating but will keep a close eye on insider buying activity and backlog trends throughout the rest of the year. Read the full article on Seeking Alpha分析記事 • Aug 01
Subdued Growth No Barrier To Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) With Shares Advancing 33%
Universal Stainless & Alloy Products, Inc. ( NASDAQ:USAP ) shareholders have had their patience rewarded with a 33...分析記事 • Jul 17
Investors Will Want Universal Stainless & Alloy Products' (NASDAQ:USAP) Growth In ROCE To Persist
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Seeking Alpha • Jun 18
Universal Stainless Getting Its Due As Aerospace Demand Drives Strong Operating Leverage
Summary Strong aerospace demand and a positive mix shift have driven strong capacity utilization growth, revenue growth, operating leverage, and margin improvement at Universal Stainless & Alloy Products. The aerospace market remains strong with significant production growth expected from major OEMs like Airbus and Boeing over the next three years. Other end-markets aren't so healthy, including heavy machinery, short-cycle industrials, and oil/gas, and see risks to USAP's pricing if this weakness worsens. I expect at least a few strong earnings and FCF years from USAP, and can argue for a mid-$30s fair value without further beat-and-raise quarters, but this is still a cyclical business with a spotty long-term history of value creation. Read the full article on Seeking AlphaSeeking Alpha • Apr 12
Universal Stainless: It Was Profitable In 2023 Due To High Prices, But This Is Not Sustainable
Summary Universal Stainless is a cyclical company facing declining shipments as well as cyclical and declining returns. The decline in shipment volume suggests that USAP may have lost market share. The company's performance from 2012 to 2023 showed minimal growth in revenue and negative returns on equity and assets. There is no margin of safety based on its cyclical performance. The market is pricing USAP as if the past 2 years' product prices are sustainable and not cyclical. Read the full article on Seeking AlphaSeeking Alpha • Jan 26
Universal Stainless Is Not Attractive On A Cycle-Average Basis
Summary Universal Stainless has seen its stock price more than double due to increased output, utilization, and profitability. The company's recent results show record revenues, improved gross margins, and a reduction in working capital debt. USAP's management is optimistic about the aerospace industry cycle and has invested in new melting furnaces to increase production. However, the company's competitors have a history of experiencing crashes in revenues, profitability, and stock prices after periods of rapid growth. Read the full article on Seeking Alpha分析記事 • Nov 23
These Return Metrics Don't Make Universal Stainless & Alloy Products (NASDAQ:USAP) Look Too Strong
When researching a stock for investment, what can tell us that the company is in decline? A business that's potentially...分析記事 • Oct 27
Here's Why Universal Stainless & Alloy Products (NASDAQ:USAP) Has A Meaningful Debt Burden
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Jun 21
Does Universal Stainless & Alloy Products (NASDAQ:USAP) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Mar 01
Is Universal Stainless & Alloy Products (NASDAQ:USAP) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Oct 19
Universal Stainless expects Q3 sales to fall 12% sequentially on lower shipment volume
Universal Stainless & Alloy Products (NASDAQ:USAP) said Wednesday it expects to report Q3 net sales of $46.2M, down 12% sequentially but 24% higher Y/Y, as shipment volume was ~20% lower sequentially. Premium alloy sales are expected to account for 17% of total sales. Universal Stainless (USAP) expects to report Q3 net loss of ~$0.14/share vs. net loss of $0.16/share in Q2. Lower shipment volume was due to residual effects of the liquid metal spill in Q2, ongoing labor and supply chain issues causing intermittent production outages, and a spike in COVID-19 cases at its test labs late last month. Also, a sharp decline in commodity prices in recent months resulted in a negative misalignment between product surcharges and material costs totaling ~$1.5M. "We are disappointed that operational setbacks prevented us from reaching our goals for the quarter, even as our backlog reached a new record of $246M at the end of Q3," said CEO Dennis Oates.Seeking Alpha • Aug 24
Universal Stainless & Alloy Products Ignored On The Runway As Business Starts To Take Off
Summary Universal Stainless & Alloy has continued to lag other specialty material producers despite a growth in orders, backlog, and margins, ahead of a more significant ramp in production/shipment volumes. Aerospace is leading the charge, and USAP is effectively booked out through the third quarter of 2023 and looking to increase capacity of higher-value materials. I expect USAP to see revenue double from 2021 to 2025, and there could be greater long-term upside if aircraft production stays stronger for longer. I believe USAP should be trading in the low-to-mid teens given EBITDA growth prospects over the next two to three years. The last six months or so have been increasingly frustrating as an observer and analyst of Universal Stainless & Alloy Products (USAP) (“Universal Stainless”). Other providers of alloys and specialty materials to the aerospace industry have seen their share prices outperform Universal Stainless, ATI (ATI) in particular, but Universal Stainless has been frustratingly weak since my last update despite improving orders, pricing, and margins. Given aircraft production schedules and guidance from major OEMs like Airbus (EADSY) and Boeing (BA), I believe USAP is about to see a significant ramp in revenue and expansion in margins. On top of that, the company is poised to benefit from recovering oil/gas activity, as well as efforts to upgrade the product portfolio (including participating in “hot side” engine components). Even at a significant multiple discount to ATI or Carpenter (CRS), I see upside into the low-to-mid teens as USAP delivers on the growing demand from aerospace customers. Readers should note that USAP is very small (less than $100M in market cap), fairly illiquid (fewer than 20K shares traded per day, on average), and not followed by Wall Street analysts. Consequently, it’s fair to assume that this is a riskier stock. Orders Growing, Volumes Starting To Ramp Universal Stainless was held back, at least in part, in the second quarter by an accident (a metal spill), but there is growing evidence of building momentum. Even with the accident, volume increased 1% year over year and 7% quarter over quarter, and management is working all out to increase production volumes. Things as they are, management has quoted lead-times out to the third quarter of next year for new orders. At the same time, orders continue to roll in as aerospace companies scramble to get the materials they need to meet the growing demand of major OEMs like Airbus and Boeing, as well as bizjet OEMs like Textron (TXT) (the bizjet/regional market has been quite strong of late too). Backlog rose 125% yoy and 10% qoq in the second quarter, and USAP continues to see higher-margin premium products creep up as a percentage of that backlog (now at 26%) versus a Q2’22 revenue mix that favored lower-margin specialty alloys to a level of more than 80%. Aerospace sales rose 67% yoy and 19% qoq in the second quarter (making up 68% of revenue), but are still over a quarter below the most recent peak for the company. That growth is at least directionally consistent with what others like ATI, Carpenter, Hexcel (HXL), and Materion (MTRN) are seeing, and the general expectation is that OEM build-rates will continue to grow from here, particularly when widebody builds recover in late FY’23/2024. Other markets are showing more mixed performance. Although oil prices have eased off some, offshore exploration activity is picking up and that’s good for USAP’s oil/gas business (revenue was up 21% yoy and 7% qoq in the second quarter). Heavy industry and general industry were surprisingly weak in the quarter, though, (down 11% qoq and 35% qoq, respectively), and while quarterly volatility is not new or rare in these markets, I wonder if this is a byproduct of companies becoming more cautious on building inventories on concerns of slowing demand. I’m not sure, but it’s worth watching as a possible leading indicator. With a capacity-constrained industry, pricing should also be healthy. Most of USAP’s second quarter pricing leverage came from material pass-throughs (nickel and so on), but base prices were still 6% higher than in the year-ago period, and I would expect further pricing moves as the backlog fills. Self-Help Could Make A Difference As I’ve written in prior pieces, USAP’s buy-and-hold credentials are poor. This is a company that generated zero net free cash flow from 2006 to 2021 (the best year was +$25M, the worst was -$29M), and they’re not especially well-placed on the spectrum of specialty materials companies. As I mentioned above, the company is only just now offering products that could be used in the hot side of engines, and their products have generally skewed to lower-spec, lower-margin categories. Management is working on this. The company now has products for engine hot-side use, though it will take time to get those qualified in by customers. In the most recent update, the company noted 9 net new customer approvals since Q2’20 (54 since 2016), 2 new product introductions (from 17 in Q2'20 to 19), and 19 products under development exiting the quarter. At the same time, the company has been selectively pruning away lower-value commodity products and continuing to reinvest in production capacity for premium alloys (including new vacuum melt furnaces). The Outlook Based on healthy trends year-to-date, as well as that swelling backlog, I’ve increased my modeling estimates. I was a bit below $200M for ’22 revenue, but I’ve moved up to over $220M, with better than 20% growth on top of that in ’23 and high single-digit growth in ’24. I’m a little concerned that I’ve gone too far too fast for ’23 (management has guided to “$200M-plus revenue), particularly if the price of commodities like nickel back off, but I also think I may be too low for ’25 revenue. Given under-absorption of overhead, a sharp upturn in revenue will drive a strong improvement in gross margin. That’s already in process, as adjusted gross margin more than doubled in Q2 to 12.6%, and I expect full-year gross margin above 12% with improvement over the next four years. My EBITDA estimates have moved from a little over $22M to $24M for FY’22 and to over $35M for FY’23. For free cash flow, working capital needs and capex have led me to reverse expected positive free cash flow to a smallish deficit in FY’22 (around $7M), but flip an expected deficit in FY’23 to over $20M in positive free cash flow.Seeking Alpha • Jul 27
Universal Stainless & Alloy Products GAAP EPS of -$0.16 misses by $0.05, revenue of $52.16M
Universal Stainless & Alloy Products press release (NASDAQ:USAP): Q2 GAAP EPS of -$0.16 misses by $0.05. Revenue of $52.16M (+35.5% Y/Y). Quarter-end Backlog reaches new record of $222.7 million, up 10% from record Q1 2022, up 125% from Q2 2021. Q2 2022 Gross margin rises to 9.1% of sales. Gross margin is 12.6% of sales excluding AMJP grant benefit and charges incurred from liquid metal spill. Q2 2022 EBITDA increases to $4.3 million; Adjusted EBITDA increases to $6.4 million.Seeking Alpha • Jul 11
Universal Stainless & Alloy Products raises base price 9%-12% on bar products
Universal Stainless & Alloy Products (NASDAQ:USAP) announced Monday a base price increase of 9% to 12% on bar products, effective immediately. That follows the last base price increase of 3% to 10% announced in March on bar products. "We are in an environment that has brought sharp inflationary cost increases to nearly all areas of our business, and it is necessary for us to adjust our pricing to keep up with this higher cost burden. We will continue to take the actions necessary to manage our organization and maintain our class leading customer service levels and exceptional production quality standard," commented USAP EVP and CCO Chris Zimmer. Earlier: Universal Stainless & Alloy Products GAAP EPS of -$0.18, revenue of $47.56M beats by $1.18M分析記事 • Apr 20
A Look At The Fair Value Of Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP)
Today we will run through one way of estimating the intrinsic value of Universal Stainless & Alloy Products, Inc...Seeking Alpha • Mar 04
With Aerospace Recovering, Universal Stainless & Alloy Products Should See A Meaningful Ramp
USAP reported improving revenue and margins in the fourth quarter, as the aerospace inventory correction cycle is over and companies are looking to increase build rates. USAP generates around 60% of revenue from the aerospace market, the backlog is growing, and management is looking to add two more VIM furnaces to increase its premium alloy capacity. The long-term track record here doesn't make this a quality buy-and-hold name, but the leverage to the aerospace recovery cycle should support a higher stock price.Seeking Alpha • Jan 04
Universal Stainless & Alloy Products: The Turnaround Begins
The company's sales declined sharply in 2020 and 2021 due to headwinds in the aerospace industry. Gross profit margins are recovering rapidly and recent base price increases should keep margins expanding even more. The company is about to reach profitability again. Volumes should increase soon as the aerospace industry rebounds. The risk/reward balance turns in favor for the investor.Seeking Alpha • Oct 15
Universal Stainless & Alloy Products: Aerospace Recovery Play Trading At Liquidation Value
USAP is positioned to benefit from an aerospace recovery and supply chain restocking cycle, which should produce significant cash flow leverage over the next several years. The equity is trading only modestly above the liquidation value of its inventory, and at a substantial discount to tangible book value. A below peer 7x EBITDA multiple implies USAP would be valued 60% higher, with a return to its historic tangible book value of 1.2x, valuing the company +3x at $30.分析記事 • Oct 15
Is Universal Stainless & Alloy Products (NASDAQ:USAP) Using Debt Sensibly?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Aug 13
Universal Stainless & Alloy Products Still Offers Significant Leverage To Improving Alloy Demand
Universal's business appears to have bottomed, with the company returning to positive gross margin and posting a second consecutive quarter of sequential revenue and backlog growth. Aerospace is still well off pre-pandemic norms, but flight hours are improving, destocking seems to largely be over, and aircraft production targets are moving back up. Universal shares offer a leveraged play on specialty stainless steel demand growth, but it is not really suitable for a buy-and-hold investor.分析記事 • Mar 30
Universal Stainless & Alloy Products (NASDAQ:USAP) Is Carrying A Fair Bit Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...決済の安定と成長
配当データの取得
安定した配当: USAPの 1 株当たり配当が過去に安定していたかどうかを判断するにはデータが不十分です。
増加する配当: USAPの配当金が増加しているかどうかを判断するにはデータが不十分です。
配当利回り対市場
| Universal Stainless & Alloy Products 配当利回り対市場 |
|---|
| セグメント | 配当利回り |
|---|---|
| 会社 (USAP) | n/a |
| 市場下位25% (US) | 1.4% |
| 市場トップ25% (US) | 4.2% |
| 業界平均 (Metals and Mining) | 1.5% |
| アナリスト予想 (USAP) (最長3年) | n/a |
注目すべき配当: USAPは最近配当金を報告していないため、配当金支払者の下位 25% に対して同社の配当利回りを評価することはできません。
高配当: USAPは最近配当金を報告していないため、配当金支払者の上位 25% に対して同社の配当利回りを評価することはできません。
株主への利益配当
収益カバレッジ: USAPの 配当性向 を計算して配当金の支払いが利益で賄われているかどうかを判断するにはデータが不十分です。
株主配当金
キャッシュフローカバレッジ: USAPが配当金を報告していないため、配当金の持続可能性を計算できません。
高配当企業の発掘
企業分析と財務データの現状
| データ | 最終更新日（UTC時間） |
|---|---|
| 企業分析 | 2025/01/24 10:57 |
| 終値 | 2025/01/22 00:00 |
| 収益 | 2024/09/30 |
| 年間収益 | 2023/12/31 |
データソース
企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。
| パッケージ | データ | タイムフレーム | 米国ソース例 |
|---|---|---|---|
| 会社財務 | 10年 |
| |
| アナリストのコンセンサス予想 | +プラス3年 |
|
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| 市場価格 | 30年 |
| |
| 所有権 | 10年 |
| |
| マネジメント | 10年 |
| |
| 主な進展 | 10年 |
|
* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。
特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。
分析モデルとスノーフレーク
本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。
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業界およびセクターの指標
私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。
アナリスト筋
Universal Stainless & Alloy Products, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5
| アナリスト | 機関 |
|---|---|
| Michael Gallo | CL King & Associates, Inc. |
| Philip Gibbs | KeyBanc Capital Markets Inc. |
| Christopher Olin | Rosenblatt Securities Inc. |