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USAP

Universal Stainless & Alloy Products NasdaqGS:USAP Stock Report

Last Price

US$7.32

Market Cap

US$65.6m

7D

0%

1Y

-27.7%

Updated

29 Jun, 2022

Data

Company Financials +
USAP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends0/6

USAP Stock Overview

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.

Universal Stainless & Alloy Products Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Universal Stainless & Alloy Products
Historical stock prices
Current Share PriceUS$7.32
52 Week HighUS$12.20
52 Week LowUS$6.87
Beta1.21
1 Month Change-8.96%
3 Month Change-15.67%
1 Year Change-27.67%
3 Year Change-52.96%
5 Year Change-64.13%
Change since IPO-11.27%

Recent News & Updates

Apr 20
A Look At The Fair Value Of Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP)

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...

Shareholder Returns

USAPUS Metals and MiningUS Market
7D0%-2.2%1.6%
1Y-27.7%-11.3%-20.8%

Return vs Industry: USAP underperformed the US Metals and Mining industry which returned -9.3% over the past year.

Return vs Market: USAP underperformed the US Market which returned -20.4% over the past year.

Price Volatility

Is USAP's price volatile compared to industry and market?
USAP volatility
USAP Average Weekly Movement6.4%
Metals and Mining Industry Average Movement10.2%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
1994558Denny Oateshttps://www.univstainless.com

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 products include stainless steel, nickel alloys, tool steel, and various other alloyed steels. The company offers semi-finished and finished long products in the form of ingots, billets, and bars; flat rolled products, such as slabs and plates; and customized shapes primarily for original equipment manufacturers (OEMs), which are cold rolled from purchased coiled strip, flat bar, or extruded bar.

Universal Stainless & Alloy Products Fundamentals Summary

How do Universal Stainless & Alloy Products's earnings and revenue compare to its market cap?
USAP fundamental statistics
Market CapUS$65.57m
Earnings (TTM)US$2.16m
Revenue (TTM)US$166.46m

30.4x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
USAP income statement (TTM)
RevenueUS$166.46m
Cost of RevenueUS$148.09m
Gross ProfitUS$18.37m
Other ExpensesUS$16.22m
EarningsUS$2.16m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.24
Gross Margin11.04%
Net Profit Margin1.30%
Debt/Equity Ratio34.6%

How did USAP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

USAP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA9.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

USAP PE Ratio vs Peers
The above table shows the PE ratio for USAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.2x
FRD Friedman Industries
1.8xn/aUS$58.1m
SYNL Synalloy
5xn/aUS$145.7m
WEBC Webco Industries
3.2xn/aUS$172.8m
HUDI Huadi International Group
102.8xn/aUS$260.1m
USAP Universal Stainless & Alloy Products
30.4xn/aUS$65.6m

Price-To-Earnings vs Peers: USAP is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the peer average (28.2x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: USAP is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the US Metals and Mining industry average (8.2x)


Price to Earnings Ratio vs Fair Ratio

What is USAP'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.

USAP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate USAP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: USAP ($7.32) is trading below our estimate of fair value ($8.93)

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


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.3%

Forecasted annual revenue growth

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 (1.9%).

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 USAP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: USAP's revenue (18.3% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: USAP's revenue (18.3% per year) is forecast to grow slower 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


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Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-41.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: USAP has a large one-off gain of $3.9M impacting its March 31 2022 financial results.

Growing Profit Margin: USAP became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: USAP has become profitable over the past 5 years, growing earnings by -41.9% per year.

Accelerating Growth: USAP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: USAP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (94.3%).


Return on Equity

High ROE: USAP's Return on Equity (1%) is considered low.


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Financial Health

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

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: USAP's short term assets ($184.8M) exceed its short term liabilities ($38.3M).

Long Term Liabilities: USAP's short term assets ($184.8M) exceed its long term liabilities ($79.3M).


Debt to Equity History and Analysis

Debt Level: USAP's net debt to equity ratio (34.5%) is considered satisfactory.

Reducing Debt: USAP's debt to equity ratio has reduced from 40% to 34.6% over the past 5 years.

Debt Coverage: USAP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if USAP's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as USAP has not reported any payouts.


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Management

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

7.9yrs

Average management tenure


CEO

Denny Oates (68 yo)

14.42yrs

Tenure

US$1,398,552

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. Mr. Oates was Interim Principal Financial...


CEO Compensation Analysis

Compensation vs Market: Denny's total compensation ($USD1.40M) is above average for companies of similar size in the US market ($USD759.63K).

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 (7.9 years average tenure).


Board Members

Experienced Board: USAP's board of directors are seasoned and experienced ( 14.2 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 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
  • Implied Market Cap: US$65.569m
  • Shares outstanding: 8.96m
  • Website: https://www.univstainless.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.