![ATI Logo](data:image/svg+xml,<svg xmlns='http://www.w3.org/2000/svg' width='18' height='18'><defs><linearGradient id="a" x1="3.349" x2="21.904" y1="3.122" y2="24.434" gradientUnits="userSpaceOnUse"><stop stop-color="%231A1E21"/><stop offset="1" stop-color="%2306060A"/></linearGradient></defs><path fill="url(%23a)" d="M0 0h18v18H0z"/><text x='50%' y='52%' dominant-baseline='middle' text-anchor='middle' font-size='5' font-family='sans-serif' fill='gray'>ATI</text></svg>)
Ati Inc
ATI
Steel Pipe & Tubes
Mkt Cap
$7.631BPE
19.45Debt
$2.174BCash
$394.4MEV
$9.41BFCF
$66.2MP/E Ratio
19.45Debt
$2.174BCash
$394.4MEV
$9.41BFCF
$66.2MCharts data: {"Earnings":[{"time":"2014-12-30","value":-2600000},{"time":"2015-12-30","value":-377900000},{"time":"2016-12-30","value":-640900000},{"time":"2017-12-30","value":-91900000},{"time":"2018-12-30","value":222400000},{"time":"2019-12-30","value":257600000},{"time":"2020-12-30","value":-1572600000},{"time":"2022-01-01","value":184600000},{"time":"2022-12-31","value":323500000},{"time":"2023-12-30","value":410800000}],"Sales":[{"time":"2014-12-30","value":4223400000},{"time":"2015-12-30","value":3719600000},{"time":"2016-12-30","value":3134600000},{"time":"2017-12-30","value":3525100000},{"time":"2018-12-30","value":4046600000},{"time":"2019-12-30","value":4122500000},{"time":"2020-12-30","value":2982100000},{"time":"2022-01-01","value":2799800000},{"time":"2022-12-31","value":3836000000},{"time":"2023-12-30","value":4173700000}],"Net Margins":[{"time":"2014-12-30","value":-0.0006156177487332481},{"time":"2015-12-30","value":-0.10159694590816216},{"time":"2016-12-30","value":-0.20445989918968926},{"time":"2017-12-30","value":-0.026070182406172874},{"time":"2018-12-30","value":0.05495971927049869},{"time":"2019-12-30","value":0.062486355366889026},{"time":"2020-12-30","value":-0.5273465007880352},{"time":"2022-01-01","value":0.06593328094863919},{"time":"2022-12-31","value":0.08433263816475495},{"time":"2023-12-30","value":0.09842585715312552}],"Assets":[{"time":"2014-12-30","value":6582600000},{"time":"2015-12-30","value":5751700000},{"time":"2016-12-30","value":5170000000},{"time":"2017-12-30","value":5185400000},{"time":"2018-12-30","value":5501800000},{"time":"2019-12-30","value":5634600000},{"time":"2020-12-30","value":4034900000},{"time":"2022-01-01","value":4285200000},{"time":"2022-12-31","value":4445600000},{"time":"2023-12-30","value":4985100000}],"Stockholders Equity":[{"time":"2014-12-30","value":2709300000},{"time":"2015-12-30","value":2184400000},{"time":"2016-12-30","value":1444800000},{"time":"2017-12-30","value":1844500000},{"time":"2018-12-30","value":1991600000},{"time":"2019-12-30","value":2193200000},{"time":"2020-12-30","value":641400000},{"time":"2022-01-01","value":832700000},{"time":"2022-12-31","value":1157200000},{"time":"2023-12-30","value":1480500000}],"ROE":[{"time":"2014-12-30","value":-0.0009596574761008378},{"time":"2015-12-30","value":-0.17299945065006408},{"time":"2016-12-30","value":-0.4435908084163898},{"time":"2017-12-30","value":-0.04982380048793711},{"time":"2018-12-30","value":0.1116690098413336},{"time":"2019-12-30","value":0.11745394856830202},{"time":"2020-12-30","value":-2.451824134705332},{"time":"2022-01-01","value":0.22168848324726792},{"time":"2022-12-31","value":0.27955409609402004},{"time":"2023-12-30","value":0.2774738264099966}],"ROA":[{"time":"2014-12-30","value":0.016908212560386472},{"time":"2015-12-30","value":-0.06373767755620077},{"time":"2016-12-30","value":-0.11845261121856866},{"time":"2017-12-30","value":0.015485787017394994},{"time":"2018-12-30","value":0.06581482423933985},{"time":"2019-12-30","value":0.06497355624179178},{"time":"2020-12-30","value":-0.32285806339686235},{"time":"2022-01-01","value":0.0772426024456268},{"time":"2022-12-31","value":0.10048137484254094},{"time":"2023-12-30","value":0.09355880523961405}]}
ATI Inc. manufactures and sells specialty materials and components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts. The segment serves aerospace and defense, medical, and energy markets. The AA&S segment produces zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, such as plate, sheet, and precision rolled strip products. It also provides hot-rolling conversion services, including carbon steel products. This segment offers its solutions to the energy, aerospace and defense, automotive, and electronics markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc. was founded in 1960 and is headquartered in Dallas, Texas.
Sector
DCF
Discounted Cash Flow Valuation of Ati Inc
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $66.2M | $72.44M | $78.91M | $85.57M | $92.37M | $99.26M | $106.2M | $113M | $119.8M | $126.4M | $132.7M | $1.327B |
| DCF | $62.99M | $59.67M | $56.26M | $52.81M | $49.35M | $45.9M | $42.5M | $39.17M | $35.93M | $32.8M | $328M | |
| Value | $805.4M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 24%
Earnings Stability -31%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 01-2022 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -10% | -20% | -2.6% | 5.5% | 6.2% | -53% | 6.6% | 8.4% | 9.8% | 9.4% |
| ROA | -6.4% | -12% | 1.5% | 6.6% | 6.5% | -32% | 7.7% | 10% | 9.4% | 9.8% |
| ROE | -17% | -44% | -5% | 11% | 12% | -250% | 22% | 28% | 28% | 29% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -2.69%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +2.5%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +1.32%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +1.84%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is -24.07%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +11.4%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 01-2022 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | -114.18 | -7.63 | -15.36 | 6.08 | 22.60 | 51.57 | - | 18.60 | -18.99 | 32.83 |
| Debt Equity | 0.68 | 1.30 | 0.84 | 0.77 | 0.64 | 2.44 | - | 1.51 | 1.47 | 1.58 |
| MIN | ||||||||||
| Graham Stability | - | - | - | - | - | -1.2K% | - | - | - | -1.2K% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 32.83.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -5.03.
What is the Graham’s Stability?
Graham’s Stability measure stands at -12.16.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 4.2% | 0.62% | 12% | 8.8% | 2.7% |
| Net Income | - | 13% | - | 27% | 6.7% |
| Stockholders Equity | 0.35% | -5.8% | 32% | 28% | 5.6% |
| FCF | - | - | - | - | 25% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +0.62%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +2.69%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +13.06%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +6.72%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is -5.76%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +5.56%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +24.7%.