Allegheny Technologies
Market Cap
US$2.5b
Last Updated
2021/02/27 23:20 UTC
Data Sources
Company Financials +
Executive Summary
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. More Details
Rewards
Risk Analysis
No risks detected for ATI from our risk checks.
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Allegheny Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: ATI's weekly volatility has decreased from 13% to 7% over the past year.
Market Performance
7 Day Return
1.4%
ATI
-5.3%
US Metals and Mining
-3.6%
US Market
1 Year Return
15.0%
ATI
70.9%
US Metals and Mining
36.4%
US Market
Return vs Industry: ATI underperformed the US Metals and Mining industry which returned 71.8% over the past year.
Return vs Market: ATI underperformed the US Market which returned 38.5% over the past year.
Shareholder returns
| ATI | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | -5.3% | -3.6% |
| 30 Day | 7.7% | 5.8% | 0.9% |
| 90 Day | 37.6% | 14.2% | 6.7% |
| 1 Year | 15.0%15.0% | 75.0%70.9% | 39.4%36.4% |
| 3 Year | -26.1%-26.1% | 28.0%19.3% | 53.4%43.5% |
| 5 Year | 28.3%26.2% | 136.0%114.4% | 117.3%93.0% |
Long-Term Price Volatility Vs. Market
How volatile is Allegheny Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Does Allegheny Technologies (NYSE:ATI) Have A Healthy Balance Sheet?2 months ago | Simply Wall St
Have Insiders Been Buying Allegheny Technologies Incorporated (NYSE:ATI) Shares?3 months ago | Simply Wall St
Allegheny Technologies'(NYSE:ATI) Share Price Is Down 40% Over The Past Year.Valuation
Is Allegheny Technologies undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATI ($19.66) is trading below our estimate of fair value ($57.92)
Significantly Below Fair Value: ATI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ATI is unprofitable, so we can't compare its PE Ratio to the US Metals and Mining industry average.
PE vs Market: ATI 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 ATI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ATI is overvalued based on its PB Ratio (4.8x) compared to the US Metals and Mining industry average (2.2x).
Next Steps
Future Growth
How is Allegheny Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
146.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: ATI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ATI's is expected to become profitable in the next 3 years.
Revenue vs Market: ATI's revenue (1% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: ATI's revenue (1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ATI's Return on Equity is forecast to be high in 3 years time (25.9%)
Next Steps
Past Performance
How has Allegheny Technologies performed over the past 5 years?
17.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATI is currently unprofitable.
Growing Profit Margin: ATI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ATI is unprofitable, but has reduced losses over the past 5 years at a rate of 17.3% per year.
Accelerating Growth: Unable to compare ATI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ATI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-2.3%).
Return on Equity
High ROE: ATI has a negative Return on Equity (-243.16%), as it is currently unprofitable.
Next Steps
Financial Health
How is Allegheny Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: ATI's short term assets ($2.1B) exceed its short term liabilities ($653.3M).
Long Term Liabilities: ATI's short term assets ($2.1B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: ATI's debt to equity ratio (236.6%) is considered high.
Reducing Debt: ATI's debt to equity ratio has increased from 68.3% to 236.6% 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 ATI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ATI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 41.6% per year.
Next Steps
Dividend
What is Allegheny Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ATI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ATI'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 ATI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ATI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ATI is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ATI'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?
6.3yrs
Average management tenure
CEO
Bob Wetherbee (61 yo)
2.08yrs
Tenure
US$5,555,306
Compensation
Mr. Robert S. Wetherbee, also known as Bob, has been President, Chief Executive Officer and Director at Allegheny Technologies Incorporated since January 1, 2019. Mr. Wetherbee served as an Executive Vice ...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD5.56M) is about average for companies of similar size in the US market ($USD4.96M).
Compensation vs Earnings: Bob's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.08yrs | US$5.56m | 0.085% $ 2.1m | |
| Senior VP and Chief Commercial & Marketing Officer | 7yrs | US$2.73m | 0.080% $ 2.0m | |
| Senior Advisor to Chief Executive Officer | 9.75yrs | US$3.65m | 0.11% $ 2.7m | |
| Executive VP of High Performance Materials and Components & Advance Alloys and Solutions | 1.83yrs | US$2.99m | 0.0048% $ 119.4k | |
| SVP of Finance & CFO | 1.08yrs | no data | 0.0099% $ 245.8k | |
| VP, Controller & Chief Accounting Officer | 9.75yrs | no data | 0.030% $ 758.9k | |
| Senior VP and Chief Digital & Information Officer | 1.75yrs | no data | 0.019% $ 475.2k | |
| VP of Investor Relations & Treasurer | 3.58yrs | no data | no data | |
| Senior VP | 10.5yrs | no data | 0.11% $ 2.8m | |
| Senior VP & Chief Human Resources Officer | 6.25yrs | no data | 0.065% $ 1.6m | |
| President of Forged Products | 6.83yrs | no data | no data |
6.3yrs
Average Tenure
58.5yo
Average Age
Experienced Management: ATI's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.08yrs | US$5.56m | 0.085% $ 2.1m | |
| Independent Director | 25.08yrs | US$239.99k | 0.076% $ 1.9m | |
| Independent Director | 20.08yrs | US$234.99k | 0.039% $ 982.6k | |
| Independent Director | 13.17yrs | US$224.98k | 0.056% $ 1.4m | |
| Independent Chairman & Lead Director | 1.75yrs | US$384.99k | 0.054% $ 1.4m | |
| Independent Director | 2yrs | US$199.51k | 0.016% $ 395.4k | |
| Independent Director | 1.75yrs | US$142.89k | 0.013% $ 328.1k | |
| Independent Director | 9.17yrs | US$244.99k | 0.044% $ 1.1m | |
| Independent Director | 8.42yrs | US$231.66k | 0.043% $ 1.1m | |
| Independent Director | 6yrs | US$224.98k | 0.038% $ 937.4k | |
| Independent Director | 3yrs | US$224.99k | 0.017% $ 415.9k | |
| Independent Director | 1.75yrs | US$142.89k | 0.015% $ 367.5k |
4.5yrs
Average Tenure
67.5yo
Average Age
Experienced Board: ATI's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ATI 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
Allegheny Technologies Incorporated's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Allegheny Technologies Incorporated
- Ticker: ATI
- Exchange: NYSE
- Founded: 1960
- Industry: Steel
- Sector: Materials
- Market Cap: US$2.493b
- Shares outstanding: 126.82m
- Website: https://www.atimetals.com
Number of Employees
Location
- Allegheny Technologies Incorporated
- 1000 Six PPG Place
- Pittsburgh
- Pennsylvania
- 15222-5479
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ATI | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | May 1987 |
| ATD | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | May 1987 |
| ATD | XTRA (XETRA Trading Platform) | Yes | Common Shares | DE | EUR | May 1987 |
Biography
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates in two segments, High Performance Materials & Components and Advanced Alloys & ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 23:20 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.