Atkore Inc.

Miscellaneous
Industrial Machinery/Components
www.atkore.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $2.26B
PE 6
Debt $765.38M
Cash $310.44M
EV $2.72B
FCF $318.48M

Earnings

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Sales & Net Margins

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Earnings	$376.21M
EBIT	$517.26M
ROE	25%
ROA	17%
FCF	$318.48M
Equity	$1.51B
Growth Stability	65%
PE	6.01
PEG	0.2
PB	1.5
P/FCF	7.1
P/S	0.74
Price/Cash	0.14
Debt/Equity	0.51
Debt/FCF	2.4
Net Margins	7%
Gross Margins	31%
Op. Margins	17%
Earnings CAGR	46%
Sales Growth YoY	-17%
Sales Growth QoQ	-16%
Sales CAGR	13%
FCF CAGR	27%
Equity CAGR	36%
Earnings Stability	0.81
Earnings Growth YoY	-66%
Earnings Growth QoQ	-37%

Earnings CAGR 5Y	30%
Sales CAGR 5Y	16%
FCF CAGR 5Y	18%
Equity CAGR 5Y	43%
Earnings CAGR 3Y	-8%
Sales CAGR 3Y	-8%
FCF CAGR 3Y	-19%
Equity CAGR 3Y	15%
Market Cap	$2.26B
Revenue	$3.07B
Assets	$2.96B
Total Debt	$765.38M
Cash	$310.44M
Shares Outstanding	34.4M
EV	2.72B
Earnings Score	94%
Moat Score	93%
Safety Score	86%
Final Score	91%
Working Capital	994.23M
Current Ratio	3.03
Gross Profit	$958.39M
Shares Growth 3y	-8%
Equity Growth QoQ	-2%
Equity Growth YoY	0%

Assets & ROA

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Stockholders Equity & ROE

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Atkore is a diversified industrials company and a leading manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.

SEC Filings

Direct access to Atkore Inc. (ATKR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Dec 27
- 10-K Sep 30
- 10-Q Jun 28
- 10-Q Mar 29
2023
- 10-Q Dec 29
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-Q Dec 30
- 10-K Sep 30
- 10-Q Jun 24
- 10-Q Mar 25

Sector Comparison

How does Atkore Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Atkore Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 46%

Stability 81%

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Atkore Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Atkore Inc..

Years

Calculation mode

= $22B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$318M	$406M	$516M	$658M	$838M	$1.1B	$1.4B	$1.7B	$2.2B	$2.8B	$3.6B	$36B
DCF		$369M	$427M	$494M	$572M	$662M	$767M	$888M	$1B	$1.2B	$1.4B	$14B
Value	$22B

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	-0%	4%	6%	7%	7%	8%	20%	23%	19%	15%	7%
ROA	-	11%	13%	14%	16%	15%	36%	47%	30%	21%	17%
ROE	-	23%	23%	110%	58%	39%	67%	72%	46%	30%	25%

Bad Net Margins (6.92%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	4.51	5.97	8.43	4.83	3.74	1.49	1.17	1.31	1.94	2.4
Debt over Equity	4.17	2.45	1.6	7.41	3.63	2.12	0.88	0.61	0.53	0.5	0.51
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	65%	65%

Neutral Debt/FCF ratio (2.4)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.51)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (65%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	-12%	-1%	22%	4%	-8%	66%	34%	-10%	-9%	16%
Earnings YoY growth	-	-1K%	44%	59%	1%	10%	287%	56%	-24%	-31%	30%
Equity YoY growth	-	65%	40%	-66%	91%	62%	129%	45%	17%	5%	43%
FCF YoY growth	-	22%	-31%	11%	63%	23%	136%	28%	-10%	-32%	18%