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Allegheny Technologies

NYSE:ATI
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATI
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The last earnings update was 23 days ago. More info.


Add to Portfolio Compare Print
  • Allegheny Technologies has significant price volatility in the past 3 months.
ATI Share Price and Events
7 Day Returns
-6.6%
NYSE:ATI
-0.9%
US Metals and Mining
0.2%
US Market
1 Year Returns
-22.6%
NYSE:ATI
-28.1%
US Metals and Mining
2.9%
US Market
ATI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Allegheny Technologies (ATI) -6.6% -12.8% -24.6% -22.6% 79.3% -47.3%
US Metals and Mining -0.9% -8.5% -11.9% -28.1% 6.6% -16.9%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • ATI outperformed the Metals and Mining industry which returned -28.1% over the past year.
  • ATI underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
ATI
Industry
5yr Volatility vs Market

Value

 Is Allegheny Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Allegheny Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Allegheny Technologies.

NYSE:ATI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:ATI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.961 (1 + (1- 21%) (56.19%))
1.259
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.259 * 5.96%)
10.24%

Discounted Cash Flow Calculation for NYSE:ATI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Allegheny Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:ATI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.24%)
2019 109.90 Analyst x3 99.70
2020 278.40 Analyst x5 229.10
2021 362.00 Analyst x2 270.23
2022 215.00 Analyst x1 145.59
2023 140.03 Est @ -34.87% 86.02
2024 106.99 Est @ -23.59% 59.62
2025 90.20 Est @ -15.69% 45.60
2026 81.03 Est @ -10.17% 37.16
2027 75.92 Est @ -6.3% 31.58
2028 73.20 Est @ -3.59% 27.62
Present value of next 10 years cash flows $1,032.22
NYSE:ATI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $73.20 × (1 + 2.73%) ÷ (10.24% – 2.73%)
$1,001.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,001.83 ÷ (1 + 10.24%)10
$378.06
NYSE:ATI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,032.22 + $378.06
$1,410.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,410.28 / 126.03
$11.19
NYSE:ATI Discount to Share Price
Calculation Result
Value per share (USD) From above. $11.19
Current discount Discount to share price of $21.79
= -1 x ($21.79 - $11.19) / $11.19
-94.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Allegheny Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Allegheny Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Allegheny Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ATI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.43
NYSE:ATI Share Price ** NYSE (2019-05-23) in USD $21.79
United States of America Metals and Mining Industry PE Ratio Median Figure of 47 Publicly-Listed Metals and Mining Companies 9.73x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Allegheny Technologies.

NYSE:ATI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ATI Share Price ÷ EPS (both in USD)

= 21.79 ÷ 1.43

15.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Allegheny Technologies is overvalued based on earnings compared to the US Metals and Mining industry average.
  • Allegheny Technologies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Allegheny Technologies's expected growth come at a high price?
Raw Data
NYSE:ATI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
33.9%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 25 Publicly-Listed Metals and Mining Companies 0.62x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

NYSE:ATI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.22x ÷ 33.9%

0.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Allegheny Technologies is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Allegheny Technologies's assets?
Raw Data
NYSE:ATI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $15.35
NYSE:ATI Share Price * NYSE (2019-05-23) in USD $21.79
United States of America Metals and Mining Industry PB Ratio Median Figure of 104 Publicly-Listed Metals and Mining Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
NYSE:ATI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ATI Share Price ÷ Book Value per Share (both in USD)

= 21.79 ÷ 15.35

1.42x

* Primary Listing of Allegheny Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Allegheny Technologies is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Allegheny Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Allegheny Technologies has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Allegheny Technologies expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Allegheny Technologies expected to grow at an attractive rate?
  • Allegheny Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Allegheny Technologies's earnings growth is expected to exceed the United States of America market average.
  • Allegheny Technologies's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ATI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ATI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 33.9%
NYSE:ATI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 7.6%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 20.3%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:ATI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ATI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 5,931 343 1
2021-12-31 4,817 411 379 5
2020-12-31 4,492 375 309 12
2019-12-31 4,246 290 196 12
NYSE:ATI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 4,072 310 179
2018-12-31 4,047 393 222
2018-09-30 3,919 193 183
2018-06-30 3,768 143 11
2018-03-31 3,638 86 -51
2017-12-31 3,525 22 -92
2017-09-30 3,411 14 -84
2017-06-30 3,313 -96 -493
2017-03-31 3,243 -92 -522
2016-12-31 3,135 -44 -641
2016-09-30 3,077 -89 -878
2016-06-30 3,140 6 -492

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Allegheny Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Allegheny Technologies's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ATI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Allegheny Technologies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ATI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 2.67 2.76 2.50 3.00
2020-12-31 2.26 2.59 1.97 8.00
2019-12-31 1.45 1.72 1.30 8.00
NYSE:ATI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.43
2018-12-31 1.78
2018-09-30 1.49
2018-06-30 0.10
2018-03-31 -0.45
2017-12-31 -0.83
2017-09-30 -0.78
2017-06-30 -4.59
2017-03-31 -4.86
2016-12-31 -5.97
2016-09-30 -8.18
2016-06-30 -4.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Allegheny Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Allegheny Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Allegheny Technologies has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Allegheny Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Allegheny Technologies's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Allegheny Technologies's year on year earnings growth rate has been positive over the past 5 years.
  • Allegheny Technologies has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Allegheny Technologies has become profitable in the last year making it difficult to compare the US Metals and Mining industry average.
Earnings and Revenue History
Allegheny Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Allegheny Technologies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ATI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,072.40 179.40 313.00
2018-12-31 4,046.60 222.40 302.10
2018-09-30 3,918.60 183.00 246.70
2018-06-30 3,767.50 11.30 251.00
2018-03-31 3,638.20 -51.40 306.20
2017-12-31 3,525.10 -91.90 302.30
2017-09-30 3,411.30 -83.70 293.30
2017-06-30 3,312.70 -493.30 275.20
2017-03-31 3,243.00 -522.20 254.50
2016-12-31 3,134.60 -640.90 310.10
2016-09-30 3,077.40 -877.70 210.70
2016-06-30 3,139.60 -491.50 213.10
2016-03-31 3,351.60 -489.10 227.50
2015-12-31 3,719.60 -377.90 221.20
2015-09-30 4,028.20 -131.10 267.70
2015-06-30 4,265.10 13.50 273.90
2015-03-31 4,361.60 26.10 267.20
2014-12-31 4,223.40 -2.00 271.80
2014-09-30 4,091.20 -105.70 268.40
2014-06-30 3,994.00 -134.10 270.30
2014-03-31 3,931.80 -126.60 271.70
2013-12-31 4,043.50 -98.80 276.40
2013-09-30 4,149.60 1.00 288.40
2013-06-30 4,308.70 60.70 295.40
2013-03-31 4,413.40 104.00 290.60
2012-12-31 4,666.90 150.50 321.60
2012-09-30 4,896.90 166.20 340.70
2012-06-30 5,118.00 197.20 359.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Allegheny Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Allegheny Technologies used its assets less efficiently than the US Metals and Mining industry average last year based on Return on Assets.
  • Allegheny Technologies has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Allegheny Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Allegheny Technologies has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Allegheny Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Allegheny Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Allegheny Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Allegheny Technologies's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Allegheny Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Allegheny Technologies Company Filings, last reported 1 month ago.

NYSE:ATI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,046.60 1,543.20 217.00
2018-12-31 1,991.60 1,542.60 382.00
2018-09-30 2,083.20 1,552.10 153.50
2018-06-30 2,041.90 1,551.80 122.40
2018-03-31 1,963.30 1,599.00 109.90
2017-12-31 1,844.50 1,540.70 141.60
2017-09-30 1,447.50 1,914.10 124.90
2017-06-30 1,514.40 1,944.10 154.60
2017-03-31 1,489.40 1,945.30 159.80
2016-12-31 1,444.80 1,877.00 229.60
2016-09-30 1,562.70 1,875.80 188.40
2016-06-30 2,099.30 1,876.80 322.30
2016-03-31 2,104.50 1,649.20 156.90
2015-12-31 2,196.50 1,495.70 149.80
2015-09-30 2,517.60 1,505.60 197.50
2015-06-30 2,712.80 1,521.00 250.90
2015-03-31 2,720.10 1,527.00 238.00
2014-12-31 2,721.40 1,516.00 269.50
2014-09-30 2,991.70 1,526.60 264.20
2014-06-30 2,990.70 1,538.10 355.10
2014-03-31 2,979.30 1,946.80 837.70
2013-12-31 2,994.70 1,947.30 1,026.80
2013-09-30 2,564.10 1,962.10 535.70
2013-06-30 2,586.90 1,473.90 74.10
2013-03-31 2,596.70 1,479.10 138.00
2012-12-31 2,587.10 1,480.10 304.60
2012-09-30 2,744.90 1,479.30 281.00
2012-06-30 2,675.50 1,501.40 210.30
  • Allegheny Technologies's level of debt (75.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (65.2% vs 75.4% today).
  • Debt is well covered by operating cash flow (20.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Allegheny Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Allegheny Technologies has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Allegheny Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Allegheny Technologies dividends. Estimated to be 0% next year.
If you bought $2,000 of Allegheny Technologies shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Allegheny Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Allegheny Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:ATI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ATI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 4.00
2020-12-31 0.00 6.00
2019-12-31 0.00 7.00
NYSE:ATI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-08-07 0.000 0.000
2018-07-24 0.000 0.000
2018-05-01 0.000 0.000
2018-04-24 0.000 0.000
2018-02-20 0.000 0.000
2018-01-23 0.000 0.000
2017-11-01 0.000 0.000
2017-10-24 0.000 0.000
2017-08-02 0.000 0.000
2017-07-25 0.000 0.000
2017-05-02 0.000 0.000
2017-04-25 0.000 0.000
2016-12-01 0.000 0.000
2016-08-04 0.320 1.918
2016-05-06 0.320 2.319
2016-02-26 0.320 2.005
2015-12-10 0.320 3.180
2015-10-29 0.720 5.455
2015-05-01 0.720 3.277
2015-02-26 0.720 2.281
2014-12-05 0.720 2.282
2014-07-31 0.720 1.982
2014-05-01 0.720 1.704
2014-02-27 0.720 1.942
2013-12-12 0.720 2.183
2013-08-02 0.720 2.352
2013-05-02 0.720 2.606
2013-02-28 0.720 2.422
2012-12-06 0.720 2.352
2012-09-07 0.720 2.437
2012-05-11 0.720 2.306
2012-02-23 0.720 1.733
2011-12-09 0.720 1.524
2011-09-09 0.720 1.656
2011-04-29 0.720 1.253
2011-02-25 0.720 1.097
2010-12-10 0.720 1.191
2010-09-02 0.720 1.475
2010-05-07 0.720 1.495
2010-02-25 0.720 1.385
2009-12-10 0.720 1.660
2009-09-10 0.720 2.099

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Allegheny Technologies has not reported any payouts.
  • Unable to verify if Allegheny Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Allegheny Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Allegheny Technologies has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Allegheny Technologies's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Allegheny Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Allegheny Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Allegheny Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Allegheny Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bob Wetherbee
COMPENSATION $2,469,940
AGE 59
TENURE AS CEO 0.3 years
CEO Bio

Mr. Robert S. Wetherbee, also known as Bob, has been President, Chief Executive Officer and Director at Allegheny Technologies Incorporated since January 1, 2018. Mr. Wetherbee served as an Executive Vice President of Flat Rolled Products Group at Allegheny Technologies Incorporated since January 1, 2015 until January 1, 2018. Mr. Wetherbee served as President of Flat-Rolled Products at Allegheny Technologies Inc. from April 1, 2014 to December 31, 2014. Mr. Wetherbee served as the Chief Executive Officer and President of Minerals Technologies Inc., since March 04, 2013. Mr. Wetherbee served as the President of ATI Tungsten Materials at Johns Manville Corporation since April 1, 2012. Mr. Wetherbee served as the Business Unit President of ATI Metaworking Products, Inc. from June 14, 2010 to April 1, 2012. He served as Business Unit President of Metalworking Products at Allegheny Technologies Inc., since June 14, 2010. He served as the President of Alcoa's Rigid Packaging business of Alcoa Inc. from December 20, 2004 to 2006. He served as Vice President of Market Strategy, for Alcoa from 2006 to 2010. Mr. Wetherbee served as the President of Alcoa Mill Products based in Chicago from 2003 to 2004. Mr. Wetherbee joined Alcoa in 1981 in Finance, where he held various positions until 1991. From 1991 to 2003, he served in roles of increasing responsibility in general management, including General Manager of the Americas' Closure business, Chief Executive Officer /President of eBusiness and Metalspectrum and Business Development Manager of Europe. He has a 29-year career with Alcoa, Inc. where he served as Vice President of Market Strategy, responsible for growth strategies for business units in the global aerospace, oil, gas and transportation industries. He served as co-chair of the Blue Green Alliance Corporate Advisory Council and has been active in numerous community organizations. Mr. Wetherbee holds a Bachelor of Science degree in Industrial Administration and Accounting from Iowa State University in Ames, Iowa.

CEO Compensation
  • Bob's compensation has increased in line with Allegheny Technologies recently becoming profitable.
  • Bob's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Allegheny Technologies management team in years:

5.3
Average Tenure
58
Average Age
  • The average tenure for the Allegheny Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bob Wetherbee

TITLE
President
COMPENSATION
$2M
AGE
59
TENURE
0.3 yrs

Pat DeCourcy

TITLE
Senior VP of Finance & CFO
COMPENSATION
$2M
AGE
56
TENURE
5.4 yrs

Kevin Kramer

TITLE
Senior VP and Chief Commercial & Marketing Officer
COMPENSATION
$2M
AGE
58
TENURE
5.3 yrs

John Sims

TITLE
Executive Vice President of High Performance Material & Components Segment
COMPENSATION
$2M
AGE
58
TENURE
8 yrs

Karl Schwartz

TITLE
VP, Controller & Chief Accounting Officer
AGE
55
TENURE
8 yrs

Timothy Harris

TITLE
Senior VP and Chief Digital & Information Officer

Scott Minder

TITLE
VP of Investor Relations & Treasurer
TENURE
1.8 yrs

Elliot Davis

TITLE
Senior VP
AGE
57
TENURE
8.8 yrs

Beth Powers

TITLE
Senior VP & Chief Human Resources Officer
AGE
58
TENURE
4.5 yrs

Kim Fields

TITLE
Executive Vice President of Flat Rolled Products Group
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Allegheny Technologies board of directors in years:

6.7
Average Tenure
66.5
Average Age
  • The tenure for the Allegheny Technologies board of directors is about average.
Board of Directors

Diane Creel

TITLE
Chairman & Lead Director
COMPENSATION
$265K
AGE
70

Bob Wetherbee

TITLE
President
COMPENSATION
$2M
AGE
59
TENURE
0.3 yrs

Jim Rohr

TITLE
Independent Director
COMPENSATION
$240K
AGE
69
TENURE
23.3 yrs

Jim Diggs

TITLE
Independent Director
COMPENSATION
$235K
AGE
70
TENURE
18.3 yrs

John Pipski

TITLE
Director
COMPENSATION
$245K
AGE
71
TENURE
7.4 yrs

Carolyn Corvi

TITLE
Director
COMPENSATION
$225K
AGE
66
TENURE
6.7 yrs

J. Harvey

TITLE
Independent Director
COMPENSATION
$225K
AGE
67
TENURE
11.4 yrs

David Morehouse

TITLE
Director
COMPENSATION
$225K
AGE
57
TENURE
4.3 yrs

Hawk Carlisle

TITLE
Director
AGE
62
TENURE
1.3 yrs

Leroy Ball

TITLE
Director
AGE
49
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Jan 19 Sell Barbara Jeremiah Individual 24. Jan 19 24. Jan 19 -7,500 $25.61 $-192,060
30. Jul 18 Sell James Diggs Individual 26. Jul 18 26. Jul 18 -3,844 $29.15 $-112,053
X
Management checks
We assess Allegheny Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Allegheny Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Are Allegheny Technologies Incorporated's (NYSE:ATI) Interest Costs Too High?

While small-cap stocks, such as Allegheny Technologies Incorporated (NYSE:ATI) with its market cap of US$3.2b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Should Allegheny Technologies (NYSE:ATI) Be Disappointed With Their 82% Profit?

For example, the Allegheny Technologies Incorporated (NYSE:ATI) share price is up 82% in the last three years, clearly besting than the market return of around 42% (not including dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During three years of share price growth, Allegheny Technologies moved from a loss to profitability.

Simply Wall St -

Does The Hype Around Allegheny Technologies Incorporated's (NYSE:ATI) Growth Justify Its March Share Price?

Looking at Allegheny Technologies Incorporated’s (NYSE:ATI) fundamentals some investors are wondering if its last closing price of $25.9 represents a good value for money for this high growth stock. … See our latest analysis for Allegheny Technologies? … Allegheny Technologies's growth potential is very attractive

Simply Wall St -

What does Allegheny Technologies Incorporated's (NYSE:ATI) Balance Sheet Tell Us About Its Future?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Allegheny Technologies Incorporated (NYSE:ATI), with a market capitalization of US$3.6b, rarely draw their attention from the investing community. … Despite this, the two other categories have lagged behind the risk-adjusted returns of commonly ignored mid-cap stocks. … ATI’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns.

Simply Wall St -

Why You Should Care About Allegheny Technologies Incorporated’s (NYSE:ATI) Low Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Should We Expect From Allegheny Technologies Incorporated's (NYSE:ATI) Earnings In The Next Couple Of Years?

Allegheny Technologies Incorporated's (NYSE:ATI) latest earnings update in December 2018 … finally turned profitable

Simply Wall St -

Should You Be Concerned About Allegheny Technologies Incorporated's (NYSE:ATI) ROE?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Allegheny Technologies Incorporated (NYSE:ATI). … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.095 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Allegheny Technologies Incorporated (NYSE:ATI) Expensive For A Reason? A Look At The Intrinsic Value

by estimating the company's future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Is Allegheny Technologies Incorporated (NYSE:ATI) Excessively Paying Its CEO?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Rich Harshman's Compensation Compare With Similar Sized Companies. … According to our data, Allegheny Technologies Incorporated has a market capitalization of US$3.5b, and pays its CEO total annual compensation worth US$7m.

Simply Wall St -

Why Allegheny Technologies Incorporated (NYSE:ATI) May Not Be As Efficient As Its Industry

and want to begin learning the link between company’s fundamentals and stock market performance. … Allegheny Technologies Incorporated’s (NYSE:ATI) most recent return on equity was a substandard 1.07% relative to its industry performance of 11.13% over the past year. … Though ATI's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted.

Simply Wall St -

Company Info

Description

Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts. This segment serves aerospace and defense, medical, oil and gas, and electrical energy markets. The Flat-Rolled Products segment provides stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys in various product forms, including plate, sheet, engineered strip, and Precision Rolled Strip products. This segment serves various markets, such as chemical and hydrocarbon processing, automotive, aerospace and defense, food processing equipment and appliances, construction and mining, electronics, communication equipment, and computers. Allegheny Technologies Incorporated was founded in 1960 and is based in Pittsburgh, Pennsylvania.

Details
Name: Allegheny Technologies Incorporated
ATI
Exchange: NYSE
Founded: 1960
$2,746,300,035
126,034,880
Website: http://www.atimetals.com
Address: Allegheny Technologies Incorporated
1000 Six PPG Place,
Pittsburgh,
Pennsylvania, 15222,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ATI Common Shares New York Stock Exchange US USD 08. May 1987
DB ATD Common Shares Deutsche Boerse AG DE EUR 08. May 1987
Number of employees
Current staff
Staff numbers
8,800
Allegheny Technologies employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 23:32
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.