NYSE:CRS

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet established dividend payer.


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


Market Performance


7 Day Return

-2.4%

NYSE:CRS

-0.1%

US Metals and Mining

-1.6%

US Market


1 Year Return

-22.8%

NYSE:CRS

-17.0%

US Metals and Mining

-3.0%

US Market

CRS underperformed the Metals and Mining industry which returned -17% over the past year.

CRS underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

CRSIndustryMarket
7 Day-2.4%-0.1%-1.6%
30 Day-3.3%-10.0%-5.7%
90 Day4.8%2.4%0.2%
1 Year-21.6%-22.8%-14.6%-17.0%-0.8%-3.0%
3 Year28.9%23.4%2.9%-2.3%38.1%29.1%
5 Year-10.6%-17.6%-19.1%-25.1%50.8%34.1%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Carpenter Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).

Carpenter Technology's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Carpenter Technology is overvalued based on earnings compared to the US Metals and Mining industry average.

Carpenter Technology is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Carpenter Technology is good value based on expected growth next year.


Price Based on Value of Assets

Carpenter Technology is overvalued based on assets compared to the US Metals and Mining industry average.


Next Steps

Future Growth

How is Carpenter Technology expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

20.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Carpenter Technology's revenue is expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).

Carpenter Technology's earnings are expected to grow significantly at over 20% yearly.

Carpenter Technology's revenue growth is expected to exceed the United States of America market average.

Carpenter Technology's earnings growth is expected to exceed the United States of America market average.

Carpenter Technology's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Carpenter Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Carpenter Technology performed over the past 5 years?

22.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Carpenter Technology has delivered over 20% year on year earnings growth in the past 5 years.

Carpenter Technology's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Carpenter Technology's 1-year earnings growth is negative, it can't be compared to the US Metals and Mining industry average.


Return on Equity

Carpenter Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Carpenter Technology used its assets less efficiently than the US Metals and Mining industry average last year based on Return on Assets.


Return on Capital Employed

Carpenter Technology has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Carpenter Technology's financial position?


Financial Position Analysis

Carpenter Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Carpenter Technology's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Carpenter Technology's level of debt (37.5%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (40.2% vs 37.5% today).

Debt is well covered by operating cash flow (40.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 9.3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.2x debt.


Next Steps

Dividend

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

1.77%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Carpenter Technology before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Carpenter Technology's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Carpenter Technology's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (7.1x coverage).


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Tony Thene (58yo)

4.1yrs

Tenure

US$5,313,646

Compensation

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

Tony's remuneration is about average for companies of similar size in United States of America.

Tony's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.4yrs

Average Tenure

59yo

Average Age

The tenure for the Carpenter Technology management team is about average.


Board Age and Tenure

9.8yrs

Average Tenure

68yo

Average Age

The tenure for the Carpenter Technology board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • James Dee (61yo)

    VP, General Counsel

    • Tenure: 8.9yrs
    • Compensation: US$1.22m
  • James Johnson

    Chief Information Officer & VP

    • Tenure: 6.2yrs
  • Tony Thene (58yo)

    President

    • Tenure: 4.1yrs
    • Compensation: US$5.31m
  • Stephen Peskosky

    Vice President of Corporate Development

    • Tenure: 0.0yrs
  • John Rice

    Vice President of Human Resources

    • Tenure: 7.6yrs
  • Joe Haniford (60yo)

    Vice President of Business Mgmt. Office

    • Tenure: 1.6yrs
    • Compensation: US$1.68m
  • Tim Lain (47yo)

    VP & CFO

    • Tenure: 0.9yrs
    • Compensation: US$665.79k
  • Brian Malloy

    Chief Commercial Officer & VP

    • Tenure: 3.4yrs
  • Betsy Socci

    VP, Controller & Chief Accounting Officer

    • Tenure: 0.9yrs
  • David Graf

    Chief Technology Officer

    • Tenure: 0.9yrs

Board Members

  • Steven Karol (65yo)

    Independent Director

    • Tenure: 7.5yrs
    • Compensation: US$218.99k
  • Greg Pratt (70yo)

    Chairman

    • Tenure: 9.8yrs
    • Compensation: US$383.45k
  • Kathryn Turner (70yo)

    Independent Director

    • Tenure: 25.6yrs
    • Compensation: US$250.06k
  • Steve Ward (64yo)

    Independent Director

    • Tenure: 18.6yrs
    • Compensation: US$242.15k
  • Kathleen Ligocki (63yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$179.42k
  • Bob McMaster (71yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: US$215.85k
  • Jeff Wadsworth (69yo)

    Independent Director

    • Tenure: 13.6yrs
    • Compensation: US$228.37k
  • I. Inglis (68yo)

    Independent Lead Director

    • Tenure: 0.0yrs
    • Compensation: US$247.22k
  • Tony Thene (58yo)

    President

    • Tenure: 4.1yrs
    • Compensation: US$5.31m
  • Anastasios Hart

    Director

    • Tenure: 0.5yrs

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$2.136b
  • Shares outstanding: 47.39m
  • Website: https://www.cartech.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. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Prod ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 23:35
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.