NYSE:CRS

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Second-rate dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

How has Carpenter Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CRS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CRS's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

1.4%

CRS

1.2%

US Metals and Mining

-4.0%

US Market


1 Year Return

57.2%

CRS

90.9%

US Metals and Mining

46.6%

US Market

Return vs Industry: CRS underperformed the US Metals and Mining industry which returned 90.9% over the past year.

Return vs Market: CRS exceeded the US Market which returned 46.6% over the past year.


Shareholder returns

CRSIndustryMarket
7 Day1.4%1.2%-4.0%
30 Day36.2%4.8%-4.1%
90 Day54.5%13.1%3.3%
1 Year63.0%57.2%95.4%90.9%49.8%46.6%
3 Year-8.3%-14.4%32.7%23.6%47.8%38.4%
5 Year55.7%40.4%142.1%119.8%116.6%92.6%

Long-Term Price Volatility Vs. Market

How volatile is Carpenter Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

1.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CRS ($44.79) is trading above our estimate of fair value ($11.56)

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 (1.6x) compared to the US Metals and Mining industry average (2.2x).


Next Steps

Future Growth

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

105.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CRS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CRS is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CRS's revenue (8.2% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: CRS's revenue (8.2% 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 CRS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Carpenter Technology performed over the past 5 years?

0.8%

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, but has reduced losses over the past 5 years at a rate of 0.8% 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 (-3.1%).


Return on Equity

High ROE: CRS has a negative Return on Equity (-15.79%), as it is currently unprofitable.


Next Steps

Financial Health

How is Carpenter Technology's financial position?


Financial Position Analysis

Short Term Liabilities: CRS's short term assets ($1.2B) exceed its short term liabilities ($265.8M).

Long Term Liabilities: CRS's short term assets ($1.2B) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: CRS's debt to equity ratio (52.1%) is considered high.

Reducing Debt: CRS's debt to equity ratio has reduced from 52.8% to 52.1% over the past 5 years.

Debt Coverage: CRS's debt is well covered by operating cash flow (54.9%).

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


Balance Sheet


Next Steps

Dividend

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

1.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CRS's dividend (1.79%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: CRS's dividend (1.79%) 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: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Tony Thene (60 yo)

5.67yrs

Tenure

US$4,130,830

Compensation

Group; Chief Financial Officer for Alcoa World Alumina and Chemicals; and manufacturing manager for the Alumina Chemicals business. Alcoa is a leading producer of primary and fabricated aluminum, holding v...


CEO Compensation Analysis

Compensation vs Market: Tony's total compensation ($USD4.13M) is about average for companies of similar size in the US market ($USD3.62M).

Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Tony Thene
President5.67yrsUS$4.13m0.44%
$ 9.6m
Timothy Lain
Senior VP & CFO2.5yrsUS$1.08m0.035%
$ 753.1k
James Dee
Senior VPno dataUS$1.01m0.098%
$ 2.1m
Brian Malloy
Chief Commercial Officer & Senior VP5yrsUS$952.68k0.080%
$ 1.7m
Joseph Haniford
Senior Vice President of Operations0.58yrUS$1.68m0.10%
$ 2.1m
Elizabeth Socci
VP, Controller & Chief Accounting Officer2.5yrsno data0.017%
$ 355.4k
David Graf
VP & CTO2.5yrsno datano data
James Johnson
Chief Information Officer & VP7.75yrsno datano data
Rachelle Thompson
VP & Chief Human Resources Officer0.58yrno datano data
Thomas Cramsey
VP of Finance - Global Operations & SAO Group CFO7.75yrsno datano data

2.5yrs

Average Tenure

60yo

Average Age

Experienced Management: CRS's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tony Thene
President5.67yrsUS$4.13m0.44%
$ 9.6m
Steven Karol
Independent Director9.08yrsUS$241.59k1.09%
$ 23.5m
Gregory Pratt
Independent Chairman11.42yrsUS$413.35k0.0096%
$ 206.7k
Stephen Ward
Independent Director20.17yrsUS$268.78k0.045%
$ 964.3k
Kathleen Ligocki
Independent Director3.33yrsUS$231.24k0.018%
$ 380.7k
Charles McLane
Director0.42yrno datano data
Jeffrey Wadsworth
Independent Director15.17yrsUS$252.37k0.00042%
$ 9.0k
I. Inglis
Independent Lead Directorno dataUS$272.17k0.0075%
$ 161.3k
Viola Acoff
Independent Director2.08yrsUS$215.20k0%
$ 0
Anastasios Hart
Independent Director2.08yrsUS$215.20k0%
$ 0

5.7yrs

Average Tenure

65.5yo

Average Age

Experienced Board: CRS's board of directors are considered experienced (5.7 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

Carpenter Technology Corporation's company bio, 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$2.151b
  • Shares outstanding: 48.03m
  • Website: https://www.carpentertechnology.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRSNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
XTYDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The comp...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/09 00:35
End of Day Share Price2021/03/08 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.