Carpenter Technology Corporation

DB:XTY Stock Report

Market Cap: €9.1b

Carpenter Technology Valuation

Is XTY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of XTY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: XTY (€174) is trading below our estimate of fair value (€255.71)

Significantly Below Fair Value: XTY is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for XTY?

Key metric: As XTY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for XTY. This is calculated by dividing XTY's market cap by their current earnings.
What is XTY's PE Ratio?
PE Ratio41.9x
EarningsUS$227.10m
Market CapUS$9.52b

Price to Earnings Ratio vs Peers

How does XTY's PE Ratio compare to its peers?

The above table shows the PE ratio for XTY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.3x
EIS Eisen- und Hüttenwerke
18.5xn/a€202.4m
EVK Evonik Industries
35.8x33.1%€8.2b
NDA Aurubis
9x-6.2%€3.4b
SY1 Symrise
37.8x13.2%€14.8b
XTY Carpenter Technology
41.9x17.4%€9.5b

Price-To-Earnings vs Peers: XTY is expensive based on its Price-To-Earnings Ratio (41.9x) compared to the peer average (25.3x).

Price to Earnings Ratio vs Industry

How does XTY's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
XTY 41.9xIndustry Avg. 12.1xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: XTY is expensive based on its Price-To-Earnings Ratio (41.9x) compared to the European Metals and Mining industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is XTY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

XTY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio41.9x
Fair PE Ratio21.9x

Price-To-Earnings vs Fair Ratio: XTY is expensive based on its Price-To-Earnings Ratio (41.9x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst XTY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€174.00
€177.18
+1.8%
19.5%€211.27€107.55n/a6
Nov ’25€137.00
€159.71
+16.6%
19.5%€199.18€103.76n/a5
Oct ’25€143.00
€142.61
-0.3%
23.3%€193.56€100.83n/a5
Sep ’25€128.00
€141.89
+10.8%
21.7%€185.98€101.61n/a5
Aug ’25€134.00
€140.42
+4.8%
26.7%€189.63€82.33n/a5
Jul ’25€101.00
€115.33
+14.2%
15.8%€134.37€83.05n/a5
Jun ’25€102.00
€117.63
+15.3%
9.4%€128.66€106.60n/a2
May ’25€78.00
€93.22
+19.5%
13.5%€108.49€77.63n/a3
Apr ’25€64.50
€79.13
+22.7%
12.1%€92.01€69.01n/a3
Mar ’25€59.50
€79.22
+33.1%
12.1%€92.12€69.09n/a3
Feb ’25€57.00
€79.22
+39.0%
12.1%€92.12€69.09n/a3
Jan ’25€64.50
€78.64
+21.9%
12.1%€91.44€68.58n/a3
Dec ’24€64.50
€77.29
+19.8%
14.9%€93.50€68.26n/a3
Nov ’24€59.00
€78.23
+32.6%
14.9%€94.63€69.08€137.003
Oct ’24€64.00
€76.10
+18.9%
15.9%€93.18€67.09€143.003
Sep ’24€57.50
€64.80
+12.7%
5.1%€67.58€60.17€128.003
Aug ’24€54.00
€62.37
+15.5%
5.1%€65.56€59.18€134.002
Jul ’24€51.00
€58.46
+14.6%
4.0%€60.79€56.12€101.002
Jun ’24€42.60
€58.03
+36.2%
4.0%€60.35€55.70€102.002
Apr ’24€39.80
€52.46
+31.8%
5.3%€55.22€49.70€64.502
Mar ’24€45.60
€52.46
+15.0%
5.3%€55.22€49.70€59.502
Feb ’24€44.20
€52.46
+18.7%
5.3%€55.22€49.70€57.002
Jan ’24€34.80
€47.66
+36.9%
5.3%€50.17€45.15€64.502
Dec ’23€39.20
€47.66
+21.6%
5.3%€50.17€45.15€64.502
Nov ’23€37.80
€47.66
+26.1%
5.3%€50.17€45.15€59.002

Analyst Forecast: Target price is lower than the current share price.

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