Carpenter Technology
Market Cap
US$1.7b
Last Updated
2021/01/22 00:22 UTC
Data Sources
Company Financials +
Executive Summary
Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value second-rate 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
Stable Share Price: CRS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: CRS's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
-2.7%
CRS
-3.4%
US Metals and Mining
1.4%
US Market
1 Year Return
-20.0%
CRS
44.0%
US Metals and Mining
22.6%
US Market
Return vs Industry: CRS underperformed the US Metals and Mining industry which returned 46.2% over the past year.
Return vs Market: CRS underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| CRS | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | -3.4% | 1.4% |
| 30 Day | 27.4% | 8.7% | 4.9% |
| 90 Day | 88.7% | 22.0% | 14.6% |
| 1 Year | -17.1%-20.0% | 47.3%44.0% | 25.4%22.6% |
| 3 Year | -30.2%-34.6% | 22.5%14.3% | 46.8%37.0% |
| 5 Year | 50.4%35.6% | 207.2%177.0% | 132.0%106.1% |
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
1 week ago | Simply Wall St
Should Carpenter Technology Corporation (NYSE:CRS) Be Part Of Your Dividend Portfolio?3 weeks ago | Simply Wall St
Carpenter Technology's (NYSE:CRS) Stock Price Has Reduced 46% In The Past Three Years1 month ago | Simply Wall St
How Much is Carpenter Technology's (NYSE:CRS) CEO Getting Paid?Valuation
Is Carpenter Technology 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: CRS ($34.97) is trading below our estimate of fair value ($148.26)
Significantly Below Fair Value: CRS is trading below fair value by more than 20%.
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 (1.8x).
Next Steps
Future Growth
How is Carpenter Technology forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
45.0%
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 is expected to decline over the next 3 years (-7.9% per year).
High Growth Revenue: CRS's revenue is forecast to decline over the next 3 years (-7.9% 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?
18.6%
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 18.6% 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 (-12.6%).
Return on Equity
High ROE: CRS has a negative Return on Equity (-6.17%), 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 ($264.5M).
Long Term Liabilities: CRS's short term assets ($1.2B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: CRS's debt to equity ratio (49.3%) is considered high.
Reducing Debt: CRS's debt to equity ratio has increased from 47.9% to 49.3% over the past 5 years.
Debt Coverage: CRS's debt is well covered by operating cash flow (46%).
Interest Coverage: CRS is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Carpenter Technology current dividend yield, its reliability and sustainability?
2.29%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CRS's dividend (2.29%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: CRS's dividend (2.29%) is low compared to the top 25% of dividend payers in the US market (3.86%).
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?
3.6yrs
Average management tenure
CEO
Tony Thene (60 yo)
5.5yrs
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 ($USD3.86M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.5yrs | US$4.13m | 0.44% $ 7.5m | |
| Senior VP & CFO | 2.33yrs | US$1.08m | 0.035% $ 588.1k | |
| Senior VP | 10.33yrs | US$1.01m | 0.098% $ 1.6m | |
| Chief Commercial Officer & Senior VP | 4.83yrs | US$952.68k | 0.080% $ 1.3m | |
| Senior Vice President of Operations | 1yr | US$1.68m | 0.10% $ 1.7m | |
| VP, Controller & Chief Accounting Officer | 2.33yrs | no data | 0.017% $ 277.4k | |
| Chief Technology Officer | 2.33yrs | no data | no data | |
| Chief Information Officer & VP | 7.58yrs | no data | no data | |
| Chief Human Resources Officer | 1.42yrs | no data | no data | |
| VP of Finance - Global Operations & SAO Group CFO | 7.58yrs | no data | no data |
3.6yrs
Average Tenure
60yo
Average Age
Experienced Management: CRS's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.5yrs | US$4.13m | 0.44% $ 7.5m | |
| Independent Director | 8.92yrs | US$241.59k | 1.09% $ 18.3m | |
| Independent Chairman | 11.25yrs | US$413.35k | 0.0096% $ 161.4k | |
| Independent Director | 20yrs | US$268.78k | 0.045% $ 752.8k | |
| Independent Director | 3.17yrs | US$231.24k | 0.018% $ 297.2k | |
| Director | 0.25yr | no data | no data | |
| Independent Director | 15yrs | US$252.37k | 0.00042% $ 7.1k | |
| Independent Lead Director | no data | US$272.17k | 0.0075% $ 125.9k | |
| Independent Director | 1.92yrs | US$215.20k | 0% $ 0 | |
| Independent Director | 1.92yrs | US$215.20k | 0% $ 0 |
5.5yrs
Average Tenure
65.5yo
Average Age
Experienced Board: CRS's board of directors are considered experienced (5.5 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$1.679b
- Shares outstanding: 48.02m
- Website: https://www.carpentertechnology.com
Number of Employees
Location
- Carpenter Technology Corporation
- 1735 Market Street
- 15th Floor
- Philadelphia
- Pennsylvania
- 19103
- United States
Listings
| 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 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 00:22 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/06/30 |
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.