Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide.
Undervalued with excellent balance sheet and pays a dividend.
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 has not had significant price volatility in the past 3 months.
7 Day Return
US Metals and Mining
1 Year Return
US Metals and Mining
Return vs Industry: CRS underperformed the US Metals and Mining industry which returned 0.9% over the past year.
Return vs Market: CRS underperformed the US Market which returned 20.1% over the past year.
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
1 day ago | Simply Wall StDoes Carpenter Technology (NYSE:CRS) Deserve A Spot On Your Watchlist?
2 weeks ago | Simply Wall StEarnings Miss: Carpenter Technology Corporation Missed EPS By 5.9% And Analysts Are Revising Their Forecasts
3 weeks ago | Simply Wall StShould You Be Tempted To Sell Carpenter Technology Corporation (NYSE:CRS) Because Of Its P/E Ratio?
Is Carpenter Technology undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CRS ($43.34) is trading below our estimate of fair value ($106.52)
Significantly Below Fair Value: CRS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CRS is poor value based on its PE Ratio (11.6x) compared to the Metals and Mining industry average (11x).
PE vs Market: CRS is good value based on its PE Ratio (11.6x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: CRS is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: CRS is good value based on its PB Ratio (1.3x) compared to the US Metals and Mining industry average (1.5x).
How is Carpenter Technology forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRS's forecast earnings growth (28.2% per year) is above the savings rate (1.7%).
Earnings vs Market: CRS's earnings (28.2% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CRS's revenue (4.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: CRS's revenue (4.3% 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 CRS's Return on Equity is forecast to be high in 3 years time
How has Carpenter Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRS has high quality earnings.
Growing Profit Margin: CRS's current net profit margins (7.4%) are higher than last year (6%).
Past Earnings Growth Analysis
Earnings Trend: CRS's earnings have grown significantly by 33.2% per year over the past 5 years.
Accelerating Growth: CRS's earnings growth over the past year (28.6%) is below its 5-year average (33.2% per year).
Earnings vs Industry: CRS earnings growth over the past year (28.6%) exceeded the Metals and Mining industry 14.9%.
Return on Equity
High ROE: CRS's Return on Equity (11.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Carpenter Technology's financial position?
Financial Position Analysis
Short Term Liabilities: CRS's short term assets ($1.4B) exceed its short term liabilities ($499.4M).
Long Term Liabilities: CRS's short term assets ($1.4B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: CRS's debt to equity ratio (41.8%) is considered high.
Reducing Debt: CRS's debt to equity ratio has reduced from 43.6% to 41.8% over the past 5 years.
Debt Coverage: CRS's debt is well covered by operating cash flow (31%).
Interest Coverage: CRS's interest payments on its debt are well covered by EBIT (11x coverage).
Inventory Level: CRS has a high level of physical assets or inventory.
Debt Coverage by Assets: CRS's debt is covered by short term assets (assets are 2x debt).
What is Carpenter Technology's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CRS's dividend (1.85%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: CRS's dividend (1.85%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: CRS's dividends per share have been stable in the past 10 years.
Growing Dividend: CRS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.5%), CRS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tony Thene (59yo)
Mr. Tony R. Thene has been the Chief Executive Officer and President at Carpenter Technology Corp. since July 1, 2015. Mr. Thene served as the Chief Financial Officer and Senior Vice President at Carpenter ...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD4.75M) is about average for companies of similar size in the US market ($USD3.76M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
|VP & CFO||1.4yrs||US$1.06m||0.039% $816.0k|
|VP, General Counsel||9.4yrs||US$1.17m||0.076% $1.6m|
|Chief Commercial Officer & VP||3.9yrs||US$1.11m||0.043% $890.0k|
|VP & Group President of Specialty Alloys Operations (SAO)||1.6yrs||US$1.26m||0.030% $617.5k|
|VP, Controller & Chief Accounting Officer||1.4yrs||no data||0.010% $207.6k|
|Chief Technology Officer||1.4yrs||no data||no data|
|Chief Information Officer & VP||6.7yrs||no data||no data|
|Vice President of Corporate Development||0yrs||no data||no data|
|Chief Human Resources Officer||0.5yrs||no data||no data|
Experienced Management: CRS's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
|Independent Director||8yrs||US$221.99k||1.19% $24.7m|
|Independent Chairman||10.3yrs||US$390.67k||0.0097% $199.9k|
|Independent Director||19.1yrs||US$247.87k||0.045% $933.0k|
|Independent Director||2.3yrs||US$200.34k||no data|
|Independent Director||12.8yrs||US$220.05k||0.0074% $154.1k|
|Independent Director||14.1yrs||US$232.10k||0.00042% $8.7k|
|Independent Lead Director||0yrs||US$252.24k||0.0075% $156.0k|
|Independent Director||1yrs||US$156.99k||no data|
|Independent Director||1yrs||US$156.99k||no data|
Experienced Board: CRS's board of directors are considered experienced (8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Carpenter Technology Corporation's company bio, employee growth, exchange listings and data sources
- Name: Carpenter Technology Corporation
- Ticker: CRS
- Exchange: NYSE
- Founded: 1889
- Industry: Steel
- Sector: Materials
- Market Cap: US$2.072b
- Shares outstanding: 47.80m
- Website: https://www.carpentertechnology.com
Number of Employees
- Carpenter Technology Corporation
- 1735 Market Street
- 15th Floor
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CRS||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|XTY||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
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 drilling tools, and metal powders and parts. It serves the aerospace, defence, transportation, energy, industrial, medical, and consumer markets. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 23:32|
|End of Day Share Price||2020/02/14 00:00|
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.