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CRS

Carpenter TechnologyNYSE:CRS Stock Report

Market Cap

US$1.6b

7D

7.6%

1Y

82.0%

Updated

27 Sep, 2021

Data

Company Financials +
CRS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends4/6

CRS Overview

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide.

Carpenter Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Carpenter Technology
Historical stock prices
Current Share PriceUS$33.94
52 Week HighUS$15.90
52 Week LowUS$49.20
Beta2.15
1 Month Change-0.73%
3 Month Change-13.79%
1 Year Change81.98%
3 Year Change-42.15%
5 Year Change-16.38%
Change since IPO184.31%

Recent News & Updates

Shareholder Returns

CRSUS Metals and MiningUS Market
7D7.6%3.9%2.0%
1Y82.0%43.6%32.8%

Return vs Industry: CRS exceeded the US Metals and Mining industry which returned 43.6% over the past year.

Return vs Market: CRS exceeded the US Market which returned 32.8% over the past year.

Price Volatility

Is CRS's price volatile compared to industry and market?
CRS volatility
CRS Beta2.15
Industry Beta1.33
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
18893,900Tony Thenehttps://www.carpentertechnology.com

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts.

Carpenter Technology Fundamentals Summary

How do Carpenter Technology's earnings and revenue compare to its market cap?
CRS fundamental statistics
Market CapUS$1.63b
Earnings (TTM)-US$230.00m
Revenue (TTM)US$1.48b

1.1x

P/S Ratio

-7.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRS income statement (TTM)
RevenueUS$1.48b
Cost of RevenueUS$1.42b
Gross ProfitUS$57.40m
ExpensesUS$287.40m
Earnings-US$230.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-4.78
Gross Margin3.89%
Net Profit Margin-15.59%
Debt/Equity Ratio49.9%

How did CRS perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

-17%

Payout Ratio

Valuation

Is Carpenter Technology undervalued compared to its fair value and its price relative to the market?

1.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CRS ($33.94) is trading above our estimate of fair value ($27.48)

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


Price To Earnings Ratio

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

PE vs Market: CRS 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 CRS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CRS is good value based on its PB Ratio (1.2x) compared to the US Metals and Mining industry average (2.2x).


Future Growth

How is Carpenter Technology forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

121.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: CRS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CRS's is expected to become profitable in the next 3 years.

Revenue vs Market: CRS's revenue (19.6% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: CRS's revenue (19.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CRS's Return on Equity is forecast to be low in 3 years time (7.6%).


Past Performance

How has Carpenter Technology performed over the past 5 years?

-29.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRS is currently unprofitable.

Growing Profit Margin: CRS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CRS is unprofitable, and losses have increased over the past 5 years at a rate of 29.5% per year.

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

Earnings vs Industry: CRS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (108.8%).


Return on Equity

High ROE: CRS has a negative Return on Equity (-16.49%), as it is currently unprofitable.


Financial Health

How is Carpenter Technology's financial position?


Financial Position Analysis

Short Term Liabilities: CRS's short term assets ($1.1B) exceed its short term liabilities ($306.3M).

Long Term Liabilities: CRS's short term assets ($1.1B) do not cover its long term liabilities ($1.3B).


Debt to Equity History and Analysis

Debt Level: CRS's debt to equity ratio (49.9%) is considered high.

Reducing Debt: CRS's debt to equity ratio has reduced from 55.3% to 49.9% over the past 5 years.

Debt Coverage: CRS's debt is well covered by operating cash flow (36%).

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


Balance Sheet


Dividend

What is Carpenter Technology current dividend yield, its reliability and sustainability?

2.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CRS's dividend (2.36%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: CRS's dividend (2.36%) is low compared to the top 25% of dividend payers in the US market (3.57%).


Stability and Growth of Payments

Stable Dividend: CRS's dividends per share have been stable in the past 10 years.

Growing Dividend: CRS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: CRS is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: CRS's dividends in 3 years are forecast to be well covered by earnings (42.9% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Tony Thene (61 yo)

6.17yrs

Tenure

US$5,019,390

Compensation

Mr. Tony R. Thene serves as President and Chief Executive Officer of Carpenter Technology Corporation since July 1, 2015. He previously served as Carpenter Technology’s Senior Vice President and Chief Fina...


CEO Compensation Analysis

Compensation vs Market: Tony's total compensation ($USD5.02M) is above average for companies of similar size in the US market ($USD3.66M).

Compensation vs Earnings: Tony's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CRS's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: CRS's board of directors are considered experienced (6.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Carpenter Technology Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Carpenter Technology Corporation
  • Ticker: CRS
  • Exchange: NYSE
  • Founded: 1889
  • Industry: Steel
  • Sector: Materials
  • Market Cap: US$1.631b
  • Shares outstanding: 48.07m
  • Website: https://www.carpentertechnology.com

Number of Employees


Location

  • Carpenter Technology Corporation
  • 1735 Market Street
  • 15th Floor
  • Philadelphia
  • Pennsylvania
  • 19103
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:55
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.