ATS Corporation

NYSE:ATS Stock Report

Market Cap: US$2.8b

ATS Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 ATS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$122.91
Fair Value
76.7% undervalued intrinsic discount
7
Number of Analysts

Below Fair Value: ATS ($28.62) is trading below our estimate of fair value ($122.91)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ATS. This is calculated by dividing ATS's market cap by their current earnings.
What is ATS's PE Ratio?
PE Ratio30.6x
EarningsCA$129.90m
Market CapCA$3.97b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ATS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.2x
ESE ESCO Technologies
33.5x16.5%US$3.4b
AIN Albany International
25.4x18.1%US$2.6b
NPO Enpro
63.9x32.7%US$3.5b
MWA Mueller Water Products
29.8x24.6%US$3.5b
ATS ATS
30.6x18.4%US$4.0b

Price-To-Earnings vs Peers: ATS is good value based on its Price-To-Earnings Ratio (30.6x) compared to the peer average (38.2x).

Price to Earnings Ratio vs Industry

How does ATS's PE Ratio compare vs other companies in the US Machinery Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AIRJ AirJoule Technologies
2.1xn/aUS$472.43m
CVGI Commercial Vehicle Group
2.5x-46.6%US$70.20m
FATH Fathom Digital Manufacturing
2.6xn/aUS$35.24m
No more companies available in this PE range
ATS 30.6xIndustry Avg. 22.4xNo. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ATS is expensive based on its Price-To-Earnings Ratio (30.6x) compared to the US Machinery industry average (22.4x).

Price to Earnings Ratio vs Fair Ratio

What is ATS'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.

ATS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.6x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: ATS is expensive based on its Price-To-Earnings Ratio (30.6x) compared to the estimated Fair Price-To-Earnings Ratio (22.5x).

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 ATS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$28.62
US$34.98
+22.2%
9.7%US$39.77US$28.61n/a7
Jan ’26US$30.48
US$35.35
+16.0%
9.5%US$40.07US$28.83n/a7
Dec ’25US$32.69
US$35.23
+7.8%
10.0%US$40.94US$28.99n/a7
Nov ’25US$30.51
US$38.51
+26.2%
11.6%US$45.36US$29.82n/a7
Oct ’25US$29.10
US$40.53
+39.3%
11.6%US$46.64US$30.49n/a7
Sep ’25US$26.85
US$40.14
+49.5%
11.9%US$45.96US$30.04n/a7
Aug ’25US$28.98
US$43.28
+49.3%
9.9%US$47.06US$33.59n/a7
Jul ’25US$32.36
US$44.12
+36.3%
10.6%US$49.84US$34.01n/a7
Jun ’25US$31.83
US$44.12
+38.6%
10.6%US$49.84US$34.01n/a7
May ’25US$32.18
US$47.46
+47.5%
3.3%US$49.33US$44.25n/a7
Apr ’25US$33.63
US$49.15
+46.1%
5.1%US$54.24US$45.33n/a7
Mar ’25US$38.57
US$49.15
+27.4%
5.1%US$54.24US$45.33n/a7
Feb ’25US$43.86
US$50.32
+14.7%
6.3%US$55.98US$45.53n/a7
Jan ’25US$43.07
US$49.13
+14.1%
7.3%US$55.95US$45.51US$30.487
Dec ’24US$40.16
US$47.28
+17.7%
7.1%US$54.32US$44.18US$32.697
Nov ’24US$33.28
US$49.76
+49.5%
6.3%US$54.08US$43.99US$30.517
Oct ’24US$42.62
US$51.91
+21.8%
4.5%US$55.73US$48.30US$29.107
Sep ’24US$45.00
US$51.76
+15.0%
4.3%US$55.80US$48.36US$26.857
Aug ’24US$45.68
US$52.16
+14.2%
4.2%US$56.12US$48.63US$28.987
Jul ’24US$46.09
US$52.16
+13.2%
4.2%US$56.12US$48.63US$32.367
Jun ’24US$44.45
US$51.58
+16.0%
4.2%US$55.53US$48.87US$31.836
May ’24US$43.95
US$47.34
+7.7%
7.4%US$54.62US$42.97US$32.187
Apr ’24US$41.64
US$47.34
+13.7%
7.4%US$54.62US$42.97US$33.637
Mar ’24US$41.20
US$48.46
+17.6%
7.9%US$56.20US$44.21US$38.576
Feb ’24US$40.46
US$44.78
+10.7%
12.1%US$56.44US$39.88US$43.866
Jan ’24US$30.93
US$41.52
+34.3%
8.9%US$48.69US$36.89US$43.077
Analyst Price Target
Consensus Narrative from 7 Analysts
US$35.37
Fair Value
19.1% undervalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 15:54
End of Day Share Price 2025/01/08 00:00
Earnings2024/09/29
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ATS Corporation is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David TyermanCanaccord Genuity
Neil LinsdellCantor Fitzgerald Canada Corporation
Michael WillemseCIBC Capital Markets