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Market Cap

US$4.0b

Last Updated

2021/09/22 00:19 UTC

Data Sources

Company Financials +

Executive Summary

Atkore Inc. manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. More Details


Snowflake Analysis

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

How has Atkore's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ATKR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ATKR's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-0.8%

ATKR

-2.2%

US Electrical

-1.8%

US Market


1 Year Return

272.2%

ATKR

48.7%

US Electrical

31.5%

US Market

Return vs Industry: ATKR exceeded the US Electrical industry which returned 51.2% over the past year.

Return vs Market: ATKR exceeded the US Market which returned 33% over the past year.


Shareholder returns

ATKRIndustryMarket
7 Day-0.8%-2.2%-1.8%
30 Day-0.1%-4.2%-0.9%
90 Day20.8%-3.9%0.8%
1 Year272.2%272.2%50.6%48.7%33.5%31.5%
3 Year235.7%235.7%72.2%62.8%57.5%47.8%
5 Year377.5%377.5%110.5%94.9%119.1%95.3%

Long-Term Price Volatility Vs. Market

How volatile is Atkore's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Atkore undervalued compared to its fair value and its price relative to the market?

17.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ATKR ($86.34) is trading below our estimate of fair value ($104.12)

Significantly Below Fair Value: ATKR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ATKR is good value based on its PE Ratio (9.2x) compared to the US Electrical industry average (22.8x).

PE vs Market: ATKR is good value based on its PE Ratio (9.2x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: ATKR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ATKR is overvalued based on its PB Ratio (5.9x) compared to the US Electrical industry average (3x).


Future Growth

How is Atkore forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-25.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATKR's earnings are forecast to decline over the next 3 years (-25.1% per year).

Earnings vs Market: ATKR's earnings are forecast to decline over the next 3 years (-25.1% per year).

High Growth Earnings: ATKR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ATKR's revenue is expected to decline over the next 3 years (-2.5% per year).

High Growth Revenue: ATKR's revenue is forecast to decline over the next 3 years (-2.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ATKR's Return on Equity is forecast to be high in 3 years time (34%)


Past Performance

How has Atkore performed over the past 5 years?

33.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATKR has high quality earnings.

Growing Profit Margin: ATKR's current net profit margins (17.4%) are higher than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: ATKR's earnings have grown significantly by 33.2% per year over the past 5 years.

Accelerating Growth: ATKR's earnings growth over the past year (206.2%) exceeds its 5-year average (33.2% per year).

Earnings vs Industry: ATKR earnings growth over the past year (206.2%) exceeded the Electrical industry 22.9%.


Return on Equity

High ROE: Whilst ATKR's Return on Equity (64.92%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Atkore's financial position?


Financial Position Analysis

Short Term Liabilities: ATKR's short term assets ($1.2B) exceed its short term liabilities ($397.9M).

Long Term Liabilities: ATKR's short term assets ($1.2B) exceed its long term liabilities ($902.4M).


Debt to Equity History and Analysis

Debt Level: ATKR's debt to equity ratio (115.9%) is considered high.

Reducing Debt: ATKR's debt to equity ratio has reduced from 314.1% to 115.9% over the past 5 years.

Debt Coverage: ATKR's debt is well covered by operating cash flow (52.4%).

Interest Coverage: ATKR's interest payments on its debt are well covered by EBIT (18.1x coverage).


Balance Sheet


Dividend

What is Atkore current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ATKR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ATKR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ATKR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ATKR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ATKR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Bill Waltz (57 yo)

2.92yrs

Tenure

US$3,366,702

Compensation

Mr. William E. Waltz Jr., also known as Bill, serves as Director at Quanex Building Products Corporation since October 07, 2020. He has been the President of Atkore International Group Inc. since May 08, 2...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD3.37M) is below average for companies of similar size in the US market ($USD5.25M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ATKR's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: ATKR's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ATKR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Atkore Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Atkore Inc.
  • Ticker: ATKR
  • Exchange: NYSE
  • Founded: 1959
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: US$3.981b
  • Shares outstanding: 46.10m
  • Website: https://www.atkore.com

Number of Employees


Location

  • Atkore Inc.
  • 16100 South Lathrop Avenue
  • Harvey
  • Illinois
  • 60426
  • United States

Listings


Biography

Atkore Inc. manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. The company offers electrical raceway products,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 00:19
End of Day Share Price2021/09/21 00:00
Earnings2021/06/25
Annual Earnings2020/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.