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Universal Stainless & Alloy Products

Market Cap

US$84.3m

Last Updated

2021/04/18 23:11 UTC

Data Sources

Company Financials +

Executive Summary

Universal Stainless & Alloy Products, Inc., together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. More Details

Risk Analysis

Does not have a meaningful market cap ($84M)



Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Universal Stainless & Alloy Products's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: USAP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: USAP's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-4.2%

USAP

5.5%

US Metals and Mining

1.3%

US Market


1 Year Return

33.1%

USAP

97.8%

US Metals and Mining

53.9%

US Market

Return vs Industry: USAP underperformed the US Metals and Mining industry which returned 97.8% over the past year.

Return vs Market: USAP underperformed the US Market which returned 53.9% over the past year.


Shareholder returns

USAPIndustryMarket
7 Day-4.2%5.5%1.3%
30 Day-7.1%5.2%5.3%
90 Day16.6%15.3%8.9%
1 Year33.1%33.1%102.3%97.8%56.6%53.9%
3 Year-68.4%-68.4%41.4%31.8%64.4%53.6%
5 Year-12.8%-12.8%128.6%107.6%120.4%95.7%

Long-Term Price Volatility Vs. Market

How volatile is Universal Stainless & Alloy Products's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Universal Stainless & Alloy Products undervalued compared to its fair value and its price relative to the market?

0.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: USAP ($9.56) is trading above our estimate of fair value ($4.57)

Significantly Below Fair Value: USAP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: USAP is unprofitable, so we can't compare its PE Ratio to the US Metals and Mining industry average.

PE vs Market: USAP is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate USAP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: USAP is good value based on its PB Ratio (0.4x) compared to the US Metals and Mining industry average (2.3x).


Future Growth

How is Universal Stainless & Alloy Products forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.6%

Forecasted Materials industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if USAP's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if USAP's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if USAP's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if USAP's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if USAP's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Universal Stainless & Alloy Products performed over the past 5 years?

27.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: USAP is currently unprofitable.

Growing Profit Margin: USAP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: USAP is unprofitable, but has reduced losses over the past 5 years at a rate of 27.4% per year.

Accelerating Growth: Unable to compare USAP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: USAP is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-5%).


Return on Equity

High ROE: USAP has a negative Return on Equity (-8.44%), as it is currently unprofitable.


Financial Health

How is Universal Stainless & Alloy Products's financial position?


Financial Position Analysis

Short Term Liabilities: USAP's short term assets ($137.1M) exceed its short term liabilities ($33.9M).

Long Term Liabilities: USAP's short term assets ($137.1M) exceed its long term liabilities ($43.5M).


Debt to Equity History and Analysis

Debt Level: USAP's debt to equity ratio (21.8%) is considered satisfactory.

Reducing Debt: USAP's debt to equity ratio has reduced from 41% to 21.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable USAP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: USAP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 25.5% per year.


Dividend

What is Universal Stainless & Alloy Products's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate USAP'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 USAP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if USAP'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 USAP'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?

6.8yrs

Average management tenure


CEO

Denny Oates (67 yo)

13.25yrs

Tenure

US$633,726

Compensation

Mr. Dennis M. Oates, also known as Denny, has been the Chief Executive Officer and President of Universal Stainless & Alloy Products, Inc. since January 02, 2008. He is Interim Principal Financial and Acco...


CEO Compensation Analysis

Compensation vs Market: Denny's total compensation ($USD633.73K) is about average for companies of similar size in the US market ($USD543.98K).

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


Leadership Team

Experienced Management: USAP's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: USAP's board of directors are seasoned and experienced ( 10.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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

Universal Stainless & Alloy Products, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Universal Stainless & Alloy Products, Inc.
  • Ticker: USAP
  • Exchange: NasdaqGS
  • Founded: 1994
  • Industry: Steel
  • Sector: Materials
  • Market Cap: US$84.309m
  • Shares outstanding: 8.89m
  • Website: https://www.univstainless.com

Number of Employees


Location

  • Universal Stainless & Alloy Products, Inc.
  • 600 Mayer Street
  • Bridgeville
  • Pennsylvania
  • 15017
  • United States

Listings


Biography

Universal Stainless & Alloy Products, Inc., together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. Its produc...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/18 23:11
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.