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Allegheny Technologies Inc Stock Research

ATI

38.00USD+0.05(+0.13%)Market Closed

Market Summary

USD38.00+0.05
Market Closed
0.13%

ATI Alerts

ATI Stock Price

ATI RSI Chart

ATI Valuation

Market Cap

4.9B

Price/Earnings (Trailing)

37.24

Price/Sales (Trailing)

1.27

EV/EBITDA

19.67

Price/Free Cashflow

21.67

ATI Price/Sales (Trailing)

ATI Profitability

EBT Margin

4.22%

Return on Equity

12.52%

Return on Assets

2.94%

Free Cashflow Yield

4.61%

ATI Fundamentals

ATI Revenue

Revenue (TTM)

3.8B

Revenue Y/Y

32.01%

Revenue Q/Q

-2.09%

ATI Earnings

Earnings (TTM)

130.9M

Earnings Y/Y

358.05%

Earnings Q/Q

25.86%

Price Action

52 Week Range

20.5243.32
(Low)(High)

Last 7 days

1.1%

Last 30 days

-6.4%

Last 90 days

25.5%

Trailing 12 Months

35.9%

ATI Financial Health

Current Ratio

2.57

Debt/Equity

1.63

Debt/Cashflow

0.13

ATI Investor Care

Shares Dilution (1Y)

0.80%

Diluted EPS (TTM)

0.96

Peers (Alternatives to Allegheny Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
SCCO
55.7B
10.0B
 -3.08% -2.50%
21.04
5.55
 -8.10% -22.37%
FCX
54.9B
22.8B
 -10.03% -21.86%
12.26
2.41
 -0.28% -16.51%
NUE
38.8B
41.5B
 -8.32% 2.71%
5.11
0.94
 13.78% 11.42%
NEM
38.2B
11.9B
 6.60% -38.48%
-89
3.2
 -2.51% -136.79%
STLD
18.8B
22.3B
 -10.95% 28.06%
4.83
0.84
 20.92% 19.49%
MID-CAP
CLF
9.1B
23.0B
 -10.28% -38.96%
6.64
0.4
 37.87% -4.59%
CMC
5.5B
9.2B
 -16.31% 15.71%
4.38
0.6
 25.13% 114.13%
ATI
4.9B
3.8B
 -6.40% 35.86%
37.24
1.27
 37.01% 442.67%
X
4.9B
21.1B
 -10.87% -29.11%
1.42
0.22
 3.90% -39.53%
WOR
3.0B
4.4B
 4.64% 20.27%
13.73
0.68
 7.39% -49.63%
CRS
2.0B
2.2B
 -16.03% 0.15%
-349.25
0.91
 38.38% 96.05%
SMALL-CAP
TMST
802.0M
1.3B
 -0.44% -22.54%
3.67
0.55
 3.66% -61.93%
SXC
714.0M
2.0B
 -8.49% -1.80%
7.09
0.36
 35.47% 132.03%
HAYN
608.1M
523.7M
 -10.48% 12.91%
12.62
1.16
 43.51% 1103.27%
SYNL
130.7M
428.3M
 -2.28% 31.49%
4.36
0.31
 45.20% 736.78%

Financials for Allegheny Tech

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue6.8%3,8363,5913,2852,9412,800
Gross Profit9.8%714651549417333
  S&GA Expenses6.8%298279260248227
  R&D Expenses-17.00----
EBITDA60.2%305190200289-
EBITDA Margin50.0%0.08*0.05*0.06*0.10*-
Earnings Before Taxes242.5%16247.0057.0048.0011.00
EBT Margin220.6%0.04*0.01*0.02*0.02*-
Interest Expenses-98.00----
Net Income440.9%13124.0012.001.00-38.20
Net Income Margin406.4%0.03*0.01*0.00*0.00*-
Free Cahsflow39.3%225162-103-133-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.7%4,4464,2884,2294,2364,285
  Current Assets4.5%2,4762,3692,3122,2862,307
    Cash Equivalents77.5%584329274317688
  Inventory-1.7%1,1961,2171,2711,1891,046
  Net PPE3.5%1,5491,4971,4911,5031,529
  Goodwill0%227227227227228
Liabilities-1.8%3,2883,3493,3363,4403,453
  Current Liabilities17.1%964823800877856
  Long Term Debt0.3%1,7061,7001,7031,7071,712
Shareholder's Equity28.6%1,046814894796686
  Retained Earnings76.9%17710039.0010473.00
  Additional Paid-In Capital0.4%1,6681,6621,6571,6031,597
Shares Outstanding-0.9%128129130124127
Minority Interest-10.9%111125131137147
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations39.3%225162-103-13316.00
  Share Based Compensation23.2%26.0021.00---
Cashflow From Investing2.4%-126-129-74.20-76.40-77.30
Cashflow From Financing71.5%-201-709-20.60-15.60103
  Buy Backs33.4%14010590.0090.000.00

Risks for ATI

What is the probability of a big loss on ATI?

83.5%

Probability that Allegheny Tech stock will be more than 20% underwater in next one year

53.5%

Probability that Allegheny Tech stock will be more than 30% underwater in next one year.

32.7%

Probability that Allegheny Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ATI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Allegheny Tech was unfortunately bought at previous high price.

Drawdowns

Returns for ATI

Cumulative Returns on ATI

2.8%

10-Year Cumulative Returns

13.1%

7-Year Cumulative Returns

10.2%

5-Year Cumulative Returns

93.7%

3-Year Cumulative Returns

What are the long-term rolling returns for ATI?

FIve years rolling returns for Allegheny Tech.

Annualized Returns

Which funds bought or sold ATI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
2.1
2,373,350
18,670,400
 0.02%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-0.68
1,000
8,000
 -%
2023-02-28
Voya Investment Management LLC
reduced
-5.68
90,941
1,639,940
 -%
2023-02-27
Parallax Volatility Advisers, L.P.
new
-
5,644
5,644
 -%
2023-02-24
NATIXIS
sold off
-100
-2,427,000
-
 -%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
6.88
199,000
1,190,000
 0.01%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-4.44
27,354
404,354
 -%
2023-02-21
MACQUARIE GROUP LTD
added
1.94
3,939,000
31,549,000
 0.04%
2023-02-16
American Trust
new
-
660,891
660,891
 0.06%
2023-02-16
HARBOUR INVESTMENTS, INC.
new
-
127,144
127,144
 0.01%

1–10 of 37

Latest Funds Activity

Are funds buying ATI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ATI
No. of Funds

ATI Alerts

Allegheny Tech News

Forbes

7 Best Commodity Stocks To Buy In 2023.

Forbes,
35 days ago

Seeking Alpha

Winning Since 9/22.

Seeking Alpha,
11 years ago

Schedule 13G FIlings of Allegheny Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
alliancebernstein l.p.
5.4%
7,041,867
SC 13G
Feb 13, 2023
alliancebernstein l.p.
5.4%
7,041,867
SC 13G
Feb 13, 2023
capital international investors
12.6%
16,295,455
SC 13G/A
Feb 09, 2023
vanguard group inc
11.18%
14,470,396
SC 13G/A
Feb 01, 2023
state street corp
5.38%
6,958,286
SC 13G/A
Jan 26, 2023
blackrock inc.
16.1%
20,887,351
SC 13G/A
Jan 20, 2023
blackrock inc.
16.1%
20,887,351
SC 13G
Feb 11, 2022
capital international investors
12.2%
15,587,922
SC 13G/A
Feb 10, 2022
state street corp
6.81%
8,661,205
SC 13G/A
Feb 09, 2022
vanguard group inc
10.86%
13,815,653
SC 13G/A

ATI Fair Value

Allegheny Tech fair value in different scenarios

The table shows the Fair Value estimates for Allegheny Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

7.02

-81.53%

8.38

-77.95%

11.88

-68.74%

16.50

-56.58%

19.43

-48.87%
Current Inflation

6.74

-82.26%

7.99

-78.97%

10.92

-71.26%

14.84

-60.95%

17.33

-54.39%
Very High Inflation

6.37

-83.24%

7.50

-80.26%

9.74

-74.37%

12.88

-66.11%

14.86

-60.89%

Historical Allegheny Tech Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Allegheny Tech

View All Filings
Date Filed Form Type Document
Mar 13, 2023
3
Insider Trading
Mar 02, 2023
8-K
Current Report
Feb 27, 2023
4
Insider Trading
Feb 27, 2023
4
Insider Trading
Feb 27, 2023
4
Insider Trading
Feb 27, 2023
4
Insider Trading
Feb 27, 2023
4
Insider Trading
Feb 27, 2023
4
Insider Trading
Feb 24, 2023
10-K
Annual Report
Feb 14, 2023
5
Insider Trading

Latest Insider Trading transactions for ATI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-24
Harris Timothy J
sold (taxes)
-74,639
39.45
-1,892
senior vp and cdio
2023-02-24
Fields Kimberly A
sold (taxes)
-93,496
39.45
-2,370
evp & coo
2023-02-24
Davis Elliot S
sold (taxes)
-88,249
39.45
-2,237
chief legal & compl. officer
2023-02-24
NEWMAN DONALD P
sold (taxes)
-100,282
39.45
-2,542
evp and cfo
2023-02-24
WETHERBEE ROBERT S
sold (taxes)
-339,901
39.45
-8,616
board chair, president and ceo
2023-02-23
Fields Kimberly A
sold (taxes)
-208,951
40.51
-5,158
evp & coo
2023-02-23
NEWMAN DONALD P
sold (taxes)
-224,182
40.51
-5,534
evp and cfo
2023-02-23
Harris Timothy J
acquired
-
-
9,406
senior vp and cdio
2023-02-23
Davis Elliot S
sold (taxes)
-197,324
40.51
-4,871
chief legal & compl. officer
2023-02-23
WETHERBEE ROBERT S
acquired
-
-
44,793
board chair, president and ceo

1–10 of 50

About Allegheny Tech

Robert S. Wetherbee
www.alleghenytechnologies.com
6300
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company 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, and titanium products. This segment offers its solutions to the energy, aerospace and defense, automotive, and electronics markets. Allegheny Technologies Incorporated was founded in 1960 and is based in Pittsburgh, Pennsylvania.

ATI Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Sales$ 3,836.0$ 2,799.8$ 2,982.1
Costs and expenses:   
Cost of sales3,121.82,466.62,689.3
Gross profit714.2333.2292.8
Selling and administrative expenses297.5226.9201.0
Impairment of goodwill0.00.0287.0
Restructuring charges (credits)(4.8)(11.3)1,107.5
Loss on asset sales and sales of businesses, net134.20.00.0
Operating income (loss)287.3117.6(1,302.7)
Nonoperating retirement benefit income (expense)(25.4)37.2(62.1)
Interest expense, net(87.4)(96.9)(94.4)
Debt extinguishment charge0.0(65.5)(21.5)
Other income (loss), net(12.5)18.2(1.2)
Income (loss) before income taxes162.010.6(1,481.9)
Income tax provision15.526.877.7
Net income (loss)146.5(16.2)(1,559.6)
Less: Net income attributable to noncontrolling interests15.622.013.0
Net income (loss) attributable to ATI$ 130.9$ (38.2)$ (1,572.6)
Basic net income (loss) per common share   
Continuing operations attributable to ATI per common share (in dollars per share)$ 1.03$ (0.30)$ (12.43)
Basic net income (loss) attributable to ATI per common share (in dollars per share)1.03(0.30)(12.43)
Diluted net income (loss) per common share   
Continuing operations attributable to ATI per common share (in dollars per share)0.96(0.30)(12.43)
Diluted net income (loss) attributable to ATI per common share (in dollars per share)$ 0.96$ (0.30)$ (12.43)

ATI Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets  
Cash and cash equivalents$ 584.0$ 687.7
Accounts receivable, net579.2470.0
Short-term contract assets64.153.9
Inventories, net1,195.71,046.3
Prepaid expenses and other current assets53.448.8
Total Current Assets2,476.42,306.7
Property, plant and equipment, net1,549.11,528.5
Goodwill227.2227.9
Other assets192.9222.1
Total Assets4,445.64,285.2
Liabilities and Stockholders’ Equity  
Accounts payable553.3375.5
Short-term contract liabilities149.1116.2
Short-term debt and current portion of long-term debt41.7131.3
Other current liabilities219.8233.4
Total Current Liabilities963.9856.4
Long-term debt1,706.31,711.6
Accrued postretirement benefits184.9258.1
Pension liabilities225.6415.4
Other long-term liabilities207.7211.0
Total Liabilities3,288.43,452.5
ATI Stockholders’ Equity:  
Preferred stock, par value $0.10: authorized-50,000,000 shares; issued-none0.00.0
Common stock, par value $0.10: authorized-500,000,000 shares; issued- 131,392,262 shares at December 31, 2022 and 127,484,902 shares at December 31, 2021; outstanding-128,273,042 shares at December 31, 2022 and 127,253,045 shares at December 31, 202113.112.7
Additional paid-in capital1,668.11,596.7
Retained earnings176.972.7
Treasury stock: 3,119,220 shares at December 31, 2022 and 231,857 shares at December 31, 2021(87.0)(4.8)
Accumulated other comprehensive loss, net of tax(725.2)(991.7)
Total ATI Stockholders’ Equity1,045.9685.6
Noncontrolling interests  
Noncontrolling Interests111.3147.1
Total Stockholders' Equity1,157.2832.7
Total Liabilities and Stockholders' Equity$ 4,445.6$ 4,285.2