ATI INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 51.75 USD | +3.83% |
|
+2.35% | +13.81% |
| Apr. 22 | KeyBanc Adjusts Price Target on ATI to $58 From $56, Maintains Overweight Rating | MT |
| Apr. 11 | ATI Inc. Announces Completion of Most Advanced Materials Finishing Operations | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,605 | 2,127 | 2,027 | 3,864 | 5,801 | 6,440 | - | - |
| Enterprise Value (EV) 1 | 3,513 | 3,110 | 3,203 | 5,028 | 7,237 | 7,798 | 7,344 | 7,412 |
| P/E ratio | 11.2 x | -1.35 x | -53.1 x | 31.1 x | 16.2 x | 22.7 x | 17.3 x | 13.9 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.63 x | 0.71 x | 0.72 x | 1.01 x | 1.39 x | 1.47 x | 1.35 x | 1.29 x |
| EV / Revenue | 0.85 x | 1.04 x | 1.14 x | 1.31 x | 1.73 x | 1.78 x | 1.54 x | 1.48 x |
| EV / EBITDA | 7.92 x | 15.8 x | 11 x | 9.15 x | 11.4 x | 10.9 x | 8.68 x | 7.84 x |
| EV / FCF | 56.8 x | 102 x | -23.5 x | 53.5 x | 43.9 x | 29 x | 19.4 x | 17.5 x |
| FCF Yield | 1.76% | 0.98% | -4.26% | 1.87% | 2.28% | 3.45% | 5.14% | 5.72% |
| Price to Book | 1.25 x | 4.07 x | 2.95 x | 3.66 x | 4.2 x | 4.25 x | 3.19 x | 3.36 x |
| Nbr of stocks (in thousands) | 126,085 | 126,816 | 127,248 | 129,418 | 127,577 | 124,440 | - | - |
| Reference price 2 | 20.66 | 16.77 | 15.93 | 29.86 | 45.47 | 51.75 | 51.75 | 51.75 |
| Announcement Date | 2/4/20 | 1/28/21 | 2/2/22 | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,122 | 2,982 | 2,800 | 3,836 | 4,174 | 4,376 | 4,759 | 5,009 |
| EBITDA 1 | 443.6 | 196.3 | 290.9 | 549.3 | 634.6 | 714.9 | 845.9 | 945.8 |
| EBIT 1 | 292.5 | 29.7 | 143.5 | 480.9 | 488.5 | 567.3 | 694.9 | 791.2 |
| Operating Margin | 7.1% | 1% | 5.13% | 12.54% | 11.7% | 12.96% | 14.6% | 15.8% |
| Earnings before Tax (EBT) 1 | 241.6 | -1,482 | 10.6 | 162 | 295.2 | 444.5 | 577 | 692 |
| Net income 1 | 257.6 | -1,573 | -38.2 | 130.9 | 410.8 | 335.2 | 437.3 | 529.1 |
| Net margin | 6.25% | -52.73% | -1.36% | 3.41% | 9.84% | 7.66% | 9.19% | 10.56% |
| EPS 2 | 1.850 | -12.43 | -0.3000 | 0.9600 | 2.810 | 2.279 | 2.994 | 3.719 |
| Free Cash Flow 1 | 61.9 | 30.4 | -136.5 | 94 | 164.7 | 269 | 377.8 | 424 |
| FCF margin | 1.5% | 1.02% | -4.88% | 2.45% | 3.95% | 6.15% | 7.94% | 8.46% |
| FCF Conversion (EBITDA) | 13.95% | 15.49% | - | 17.11% | 25.95% | 37.63% | 44.66% | 44.83% |
| FCF Conversion (Net income) | 24.03% | - | - | 71.81% | 40.09% | 80.25% | 86.39% | 80.13% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/4/20 | 1/28/21 | 2/2/22 | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 725.7 | 765.4 | 834.1 | 959.5 | 1,032 | 1,010 | 1,038 | 1,046 | 1,026 | 1,064 | 1,028 | 1,078 | 1,117 | 1,180 | 1,131 |
| EBITDA 1 | 79.9 | 94.7 | 125 | 143.1 | 141.1 | 140.1 | 132.7 | 149.8 | 148.1 | 160.7 | 146.9 | 166.8 | 192.2 | 208.6 | 190.4 |
| EBIT 1 | 58.6 | 57.3 | 70.1 | 96.4 | 106.7 | 118.1 | 97 | 113.9 | 108.4 | 121.2 | 110.2 | 133.3 | 154.4 | 169.3 | 153.2 |
| Operating Margin | 8.07% | 7.49% | 8.4% | 10.05% | 10.34% | 11.69% | 9.34% | 10.89% | 10.57% | 11.39% | 10.72% | 12.36% | 13.83% | 14.35% | 13.55% |
| Earnings before Tax (EBT) 1 | 77.2 | -29.3 | 40.1 | -30.9 | 67.4 | 85.4 | 76.5 | 82.8 | 84.5 | 8.1 | 79.54 | 102.7 | 122.8 | 138.5 | 124.6 |
| Net income 1 | 48.7 | -29.8 | 30.9 | -38 | 61.1 | 76.9 | 70.1 | 76 | 75.7 | 145.7 | 59.74 | 77.35 | 92.66 | 104.2 | 94.17 |
| Net margin | 6.71% | -3.89% | 3.7% | -3.96% | 5.92% | 7.61% | 6.75% | 7.27% | 7.38% | 13.69% | 5.81% | 7.18% | 8.3% | 8.84% | 8.33% |
| EPS 2 | 0.3500 | -0.2300 | 0.2300 | -0.3100 | 0.4200 | 0.5300 | 0.4800 | 0.5200 | 0.5200 | 0.9900 | 0.4050 | 0.5243 | 0.6296 | 0.7146 | 0.6404 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/28/21 | 2/2/22 | 5/4/22 | 8/4/22 | 11/2/22 | 2/2/23 | 5/4/23 | 8/2/23 | 11/2/23 | 2/1/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 908 | 983 | 1,176 | 1,164 | 1,436 | 1,359 | 905 | 972 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.047 x | 5.009 x | 4.043 x | 2.119 x | 2.262 x | 1.901 x | 1.07 x | 1.028 x |
| Free Cash Flow 1 | 61.9 | 30.4 | -137 | 94 | 165 | 269 | 378 | 424 |
| ROE (net income / shareholders' equity) | 13% | -5.01% | 2.78% | 33.2% | 30.9% | 23.2% | 24.4% | 25.4% |
| ROA (Net income/ Total Assets) | 4.63% | -1.35% | 0.4% | 6.59% | 7.92% | 6.62% | 8.09% | 9.48% |
| Assets 1 | 5,568 | 116,256 | -9,550 | 1,986 | 5,188 | 5,060 | 5,405 | 5,582 |
| Book Value Per Share 2 | 16.60 | 4.120 | 5.390 | 8.150 | 10.80 | 12.20 | 16.20 | 15.40 |
| Cash Flow per Share 2 | 1.570 | 1.320 | 0.1300 | - | - | 3.800 | 4.580 | 5.050 |
| Capex 1 | 168 | 137 | 153 | 128 | 201 | 193 | 180 | 207 |
| Capex / Sales | 4.08% | 4.58% | 5.45% | 3.33% | 4.81% | 4.42% | 3.78% | 4.13% |
| Announcement Date | 2/4/20 | 1/28/21 | 2/2/22 | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
51.75
USD
Average target price
57.38
USD
Spread / Average Target
+10.87%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.81% | 6.44B | |
| +20.53% | 135B | |
| +9.53% | 77.91B | |
| +2.63% | 71.1B | |
| +20.67% | 50.29B | |
| +40.51% | 43.87B | |
| +1.86% | 40.78B | |
| +42.10% | 31.95B | |
| +19.32% | 23.26B | |
| +29.77% | 20.94B |
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- Financials ATI Inc.
