| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.32 |
| 52 Week High | US$12.20 |
| 52 Week Low | US$6.87 |
| Beta | 1.21 |
| 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
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
| USAP | US Metals and Mining | US Market | |
|---|---|---|---|
| 7D | 0% | -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
| USAP volatility | |
|---|---|
| USAP Average Weekly Movement | 6.4% |
| Metals and Mining Industry Average Movement | 10.2% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1994 | 558 | Denny Oates | https://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
| USAP fundamental statistics | |
|---|---|
| Market Cap | US$65.57m |
| Earnings (TTM) | US$2.16m |
| Revenue (TTM) | US$166.46m |
30.4x
P/E Ratio0.4x
P/S RatioIs USAP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| USAP income statement (TTM) | |
|---|---|
| Revenue | US$166.46m |
| Cost of Revenue | US$148.09m |
| Gross Profit | US$18.37m |
| Other Expenses | US$16.22m |
| Earnings | US$2.16m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.24 |
| Gross Margin | 11.04% |
| Net Profit Margin | 1.30% |
| Debt/Equity Ratio | 34.6% |
How did USAP perform over the long term?
See historical performance and comparisonValuation
Is USAP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation 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.
| What is USAP's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$65.57m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.9x |
| Enterprise Value/EBITDA | 9.2x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does USAP's PE Ratio compare to its peers?
| USAP PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 28.2x | ||
FRD Friedman Industries | 1.8x | n/a | US$58.1m |
SYNL Synalloy | 5x | n/a | US$145.7m |
WEBC Webco Industries | 3.2x | n/a | US$172.8m |
HUDI Huadi International Group | 102.8x | n/a | US$260.1m |
USAP Universal Stainless & Alloy Products | 30.4x | n/a | US$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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 30.4x |
| Fair PE Ratio | n/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.
Discover undervalued companies
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
1/6Future 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
Discover growth companies
Past Performance
How has Universal Stainless & Alloy Products performed over the past 5 years?
Past Performance Score
2/6Past 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.
Discover strong past performing companies
Financial Health
How is Universal Stainless & Alloy Products's financial position?
Financial Health Score
4/6Financial 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
Discover healthy companies
Dividend
What is Universal Stainless & Alloy Products's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend 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.
Discover strong dividend paying companies
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/29 00:00 |
| End of Day Share Price | 2022/06/29 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.