Carpenter Technology
Market Cap
US$2.2b
Last Updated
2020/01/20 23:34 UTC
Data Sources
Company Financials +
Executive Summary
Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide.
Rewards
Risk Analysis
No risks detected for CRS from our risk checks.
Snowflake Analysis
Flawless 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
Stable Share Price: CRS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.4%
CRS
-0.02%
US Metals and Mining
1.2%
US Market
1 Year Return
6.4%
CRS
13.1%
US Metals and Mining
24.2%
US Market
Return vs Industry: CRS underperformed the US Metals and Mining industry which returned 17.5% over the past year.
Return vs Market: CRS underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| CRS | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.4% | -0.02% | 1.2% |
| 30 Day | -6.0% | 0.7% | 3.5% |
| 90 Day | -8.6% | 11.6% | 11.7% |
| 1 Year | 8.2%6.4% | 16.5%13.1% | 26.9%24.2% |
| 3 Year | 28.3%22.3% | 2.1%-3.4% | 53.0%43.2% |
| 5 Year | 26.5%15.9% | 34.6%24.2% | 75.3%56.0% |
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
Have Insiders Been Selling Carpenter Technology Corporation (NYSE:CRS) Shares This Year?2 weeks ago | Simply Wall St
Should You Worry About Carpenter Technology Corporation's (NYSE:CRS) CEO Pay Cheque?1 month ago | Simply Wall St
Three Things You Should Check Before Buying Carpenter Technology Corporation (NYSE:CRS) For Its DividendValuation
Is Carpenter Technology undervalued compared to its fair value and its price relative to the market?
12.69x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CRS ($48.11) is trading above our estimate of fair value ($34.74)
Significantly Below Fair Value: CRS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CRS is poor value based on its PE Ratio (13.2x) compared to the Metals and Mining industry average (11.4x).
PE vs Market: CRS is good value based on its PE Ratio (13.2x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: CRS is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: CRS is good value based on its PB Ratio (1.5x) compared to the US Metals and Mining industry average (1.6x).
Next Steps
Future Growth
How is Carpenter Technology forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
13.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRS's forecast earnings growth (13.6% per year) is above the savings rate (1.7%).
Earnings vs Market: CRS's earnings (13.6% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: CRS's earnings are forecast to grow, but not significantly.
Revenue vs Market: CRS's revenue (9.1% per year) is forecast to grow faster than the US market (7.5% per year).
High Growth Revenue: CRS's revenue (9.1% 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?
28.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRS has high quality earnings.
Growing Profit Margin: CRS's current net profit margins (7.3%) are lower than last year (8.7%).
Past Earnings Growth Analysis
Earnings Trend: CRS's earnings have grown significantly by 28.6% per year over the past 5 years.
Accelerating Growth: CRS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CRS had negative earnings growth (-10.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (-7.6%).
Return on Equity
High ROE: CRS's Return on Equity (11.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Carpenter Technology's financial position?
Financial Position Analysis
Short Term Liabilities: CRS's short term assets ($1.3B) exceed its short term liabilities ($466.6M).
Long Term Liabilities: CRS's short term assets ($1.3B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: CRS's debt to equity ratio (39.9%) is considered satisfactory.
Reducing Debt: CRS's debt to equity ratio has reduced from 40.7% to 39.9% over the past 5 years.
Debt Coverage: CRS's debt is well covered by operating cash flow (35.6%).
Interest Coverage: CRS's interest payments on its debt are well covered by EBIT (10.2x coverage).
Balance Sheet
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 2.1x debt).
Next Steps
Dividend
What is Carpenter Technology's current dividend yield, its reliability and sustainability?
1.72%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CRS's dividend (1.66%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: CRS's dividend (1.66%) is low compared to the top 25% of dividend payers in the US market (3.66%).
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 (21.9%), CRS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CRS's dividends in 3 years are forecast to be well covered by earnings (16.8% payout ratio).
Next Steps
Management
What is the CEO of Carpenter Technology's salary, the management and board of directors tenure and is there insider trading?
1.5yrs
Average management tenure
CEO
Tony Thene (59yo)
4.5yrs
Tenure
US$4,749,686
Compensation
Mr. Tony R. Thene has been the Chief Executive Officer and President at Carpenter Technology Corp. since July 1, 2015. Mr. Thene served as the Chief Financial Officer and Senior Vice President at Carpenter ...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD4.75M) 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.
Management Age and Tenure
1.5yrs
Average Tenure
53yo
Average Age
Experienced Management: CRS's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Age and Tenure
7.9yrs
Average Tenure
64.5yo
Average Age
Experienced Board: CRS's board of directors are considered experienced (7.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,000 |
| Max Price | US$55.00 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
James Dee (61yo)
VP, General Counsel
- Tenure: 9.3yrs
- Compensation: US$1.17m
James Johnson
Chief Information Officer & VP
- Tenure: 6.6yrs
Tony Thene (59yo)
President
- Tenure: 4.5yrs
- Compensation: US$4.75m
Stephen Peskosky
Vice President of Corporate Development
Mike Murtagh (47yo)
VP & Group President of Specialty Alloys Operations (SAO)
- Tenure: 1.5yrs
- Compensation: US$1.26m
Tim Lain (47yo)
VP & CFO
- Tenure: 1.3yrs
- Compensation: US$1.06m
Brian Malloy
Chief Commercial Officer & VP
- Tenure: 3.8yrs
- Compensation: US$1.11m
Betsy Socci
VP, Controller & Chief Accounting Officer
- Tenure: 1.3yrs
David Graf
Chief Technology Officer
- Tenure: 1.3yrs
Rachelle Thompson
Chief Human Resources Officer
- Tenure: 0.4yrs
Board Members
Steven Karol (65yo)
Independent Director
- Tenure: 7.9yrs
- Compensation: US$221.99k
Greg Pratt (70yo)
Independent Chairman
- Tenure: 10.3yrs
- Compensation: US$390.67k
Steve Ward (64yo)
Independent Director
- Tenure: 19yrs
- Compensation: US$247.87k
Kathleen Ligocki (63yo)
Independent Director
- Tenure: 2.2yrs
- Compensation: US$200.34k
Bob McMaster (71yo)
Independent Director
- Tenure: 12.8yrs
- Compensation: US$220.05k
Jeff Wadsworth (69yo)
Independent Director
- Tenure: 14yrs
- Compensation: US$232.10k
I. Inglis (68yo)
Independent Lead Director
- Compensation: US$252.24k
Tony Thene (59yo)
President
- Tenure: 4.5yrs
- Compensation: US$4.75m
Viola Acoff (52yo)
Independent Director
- Tenure: 0.9yrs
- Compensation: US$156.99k
Anastasios Hart (40yo)
Independent Director
- Tenure: 0.9yrs
- Compensation: US$156.99k
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$2.214b
- Shares outstanding: 47.72m
- 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 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 | 2020/01/20 23:34 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/06/30 |
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.