Carpenter Technology Corp Stock Research

Market Summary

USD40.32+0.35

Market Closed

0.88%

CRS Alerts

1 major insider sales recently.
Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

CRS Stock Price

CRS RSI Chart

CRS Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

-349.25

Price/Sales (Trailing)

0.91

EV/EBITDA

10.87

Price/Free Cashflow

-88.1

CRS Price/Sales (Trailing)

CRS Profitability

EBT Margin

-0.14%

Return on Equity

-0.42%

Return on Assets

-0.18%

Free Cashflow Yield

-1.14%

CRS Fundamentals

CRS Revenue

Revenue (TTM)

2.2B

Revenue Y/Y

46.24%

Revenue Q/Q

10.75%

CRS Earnings

Earnings (TTM)

-5.6M

Earnings Y/Y

121.09%

Earnings Q/Q

189.86%

Price Action

52 Week Range

24.4952.50

(Low)(High)

Last 7 days

-4.4%

Last 30 days

-16.0%

Last 90 days

6.7%

Trailing 12 Months

0.2%

CRS Financial Health

Current Ratio

2.51

Debt/Equity

0.74

Debt/Cashflow

0.01

CRS Investor Care

Dividend Yield

1.98%

Dividend/Share (TTM)

0.8

Buy Backs (1Y)

0.19%

Diluted EPS (TTM)

-0.11

Peers (Alternatives to Carpenter Tech)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 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%
USAP	75.9M	202.1M	7.15%	-5.73%	-9.41	0.38	29.62%	-965.04%

Financials for Carpenter Tech

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	9.3%	2,154,700,000	1,971,600,000	1,836,300,000	1,694,200,000	1,557,100,000
Gross Profit	31.7%	236,300,000	179,400,000	149,800,000	56,500,000	29,800,000
S&GA Expenses	1.6%	179,700,000	176,900,000	174,700,000	175,200,000	184,600,000
R&D Expenses	-	20,400,000	-	-	-	-
EBITDA	34.1%	178,100,000	132,800,000	113,200,000	23,700,000	-
EBITDA Margin	22.7%	0.08	0.07	0.06	0.01	-
Earnings Before Taxes	93.4%	-3,000,000	-45,700,000	-63,100,000	-147,500,000	-196,400,000
EBT Margin	94.0%	0.00	-0.02	-0.03	-0.09	-
Interest Expenses	6.1%	50,200,000	47,300,000	44,900,000	40,700,000	38,400,000
Net Income	86.4%	-5,600,000	-41,200,000	-49,100,000	-108,800,000	-141,800,000
Net Income Margin	87.6%	0.00	-0.02	-0.03	-0.06	-
Free Cahsflow	11.2%	-22,200,000	-25,000,000	6,000,000	-26,400,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	4.0%	3,057	2,940	2,932	3,230	2,880
Current Assets	11.5%	1,283	1,152	1,119	1,400	1,044
Cash Equivalents	-62.0%	20.00	53.00	154	394	97.00
Inventory	17.3%	723	616	496	527	535
Net PPE	-0.8%	1,391	1,402	1,421	1,426	1,430
Goodwill	0%	241	241	241	241	241
Liabilities	6.3%	1,735	1,633	1,602	1,883	1,547
Current Liabilities	24.2%	510	411	376	634	294
. Short Term Borrowings	Infinity%	81.00	-	-	-	-
Long Term Debt	42.6%	991	695	-	-	-
LT Debt, Current	-	300	-	-	-	-
LT Debt, Non Current	0.0%	692	692	692	691	695
Shareholder's Equity	1.1%	1,321	1,307	1,331	1,347	1,333
Retained Earnings	-0.3%	1,191	1,194	1,211	1,218	1,236
Additional Paid-In Capital	0.3%	315	314	320	319	316
Accumulated Depreciation	-	1,799	-	-	-	-
Shares Outstanding	0.1%	49.00	48.00	48.00	48.00	49.00
Float	-	1,409	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	11.2%	-22.20	-25.00	6.00	-26.40	-57.90
Share Based Compensation	6.0%	12.00	12.00	11.00	11.00	11.00
Cashflow From Investing	-0.3%	-88.50	-88.20	-89.10	-78.70	-72.10
Cashflow From Financing	153.0%	28.00	-53.00	-52.80	253	-43.40
Dividend Payments	0%	39.00	39.00	39.00	39.00	39.00

Risks for CRS

What is the probability of a big loss on CRS?

100%

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

74.6%

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

45.4%

Probability that Carpenter 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 CRS drawdown profile look like?

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

Drawdowns

Returns for CRS

Cumulative Returns on CRS

-0.1%

10-Year Cumulative Returns

4.4%

7-Year Cumulative Returns

5-Year Cumulative Returns

38.2%

3-Year Cumulative Returns

What are the long-term rolling returns for CRS?

FIve years rolling returns for Carpenter Tech.

Annualized Returns

Which funds bought or sold CRS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.03	61,237	389,237	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-2.4	3,000	21,000	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	225,378	1,435,380	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	83,000	534,000	0.01%
2023-02-21	MACQUARIE GROUP LTD	sold off	-	-30,000	-	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	14.36	73,485	281,485	-%
2023-02-17	Compass Wealth Management LLC	new	-	282,591	282,591	0.09%
2023-02-17	TRUIST FINANCIAL CORP	reduced	-7.13	27,553	300,553	-%
2023-02-16	IMA Wealth, Inc.	unchanged	-	1,240	7,240	-%
2023-02-16	American Trust	new	-	271,250	271,250	0.03%

Latest Funds Activity

Are funds buying CRS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CRS

No. of Funds

Carpenter Tech News

Schedule 13G FIlings of Carpenter Tech

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	0.2%	74,329	SC 13G/A
Feb 14, 2023	alliancebernstein l.p.	0.2%	72,871	SC 13G/A
Feb 09, 2023	vanguard group inc	11.89%	5,761,256	SC 13G/A
Feb 06, 2023	state street corp	5.04%	2,441,874	SC 13G/A
Jan 26, 2023	blackrock inc.	16.7%	8,112,387	SC 13G/A
Jan 20, 2023	blackrock inc.	16.7%	8,112,387	SC 13G/A
Feb 14, 2022	alliancebernstein l.p.	8.1%	3,900,136	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	5.1%	2,491,340	SC 13G/A
Feb 10, 2022	state street corp	5.14%	2,475,029	SC 13G/A
Feb 09, 2022	vanguard group inc	11.19%	5,390,125	SC 13G/A

CRS Fair Value

Carpenter Tech fair value in different scenarios

The table shows the Fair Value estimates for Carpenter 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 Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	17.69 -56.13%	21.43 -46.85%	26.13 -35.19%	39.09 -3.05%	47.64 18.15%
Current Inflation	17.10 -57.59%	20.27 -49.73%	24.36 -39.58%	35.43 -12.13%	42.71 5.93%
Very High Inflation	16.32 -59.52%	18.84 -53.27%	22.19 -44.97%	31.09 -22.89%	36.93 -8.41%

Historical Carpenter Tech Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Carpenter Tech

View All Filings

Date Filed	Form Type	Document
Feb 16, 2023	4	Insider Trading
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 10, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 06, 2023	SC 13G/A	Major Ownership Report
Jan 27, 2023	8-K	Current Report
Jan 27, 2023	8-K	Current Report
Jan 26, 2023	SC 13G/A	Major Ownership Report
Jan 26, 2023	10-Q	Quarterly Report

Latest Insider Trading transactions for CRS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-14	SOCCI ELIZABETH A	acquired	233,250	40.7637	5,722	vp & chief accounting officer
2023-02-14	SOCCI ELIZABETH A	sold	-289,322	50.5631	-5,722	vp & chief accounting officer
2022-08-17	DEE JAMES D	sold (taxes)	-52,809	37.56	-1,406	svp gen counsel & secretary
2022-08-17	GRAF DAVID	sold (taxes)	-20,132	37.56	-536	vp & group president - pep
2022-08-17	Malloy Brian J	sold (taxes)	-49,804	37.56	-1,326	svp and group president - sao
2022-08-17	AKINS MARSHALL D	sold (taxes)	-11,643	37.56	-310	vp & chief commercial officer
2022-08-17	LAIN TIMOTHY	sold (taxes)	-89,993	37.56	-2,396	svp and cfo
2022-08-17	Thene Tony R	sold (taxes)	-353,402	37.56	-9,409	president and ceo
2022-08-17	SOCCI ELIZABETH A	sold (taxes)	-12,094	37.56	-322	vp and chief accounting office
2022-08-17	HANIFORD JOSEPH E	sold (taxes)	-43,006	37.56	-1,145	svp continuous improvement

About Carpenter Tech

Tony R. Thene

www.cartech.com

3900

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 additives, and metal powders and parts. It serves aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.

CRS Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 579.1	$ 396.0	$ 1,102.0	$ 783.6
Cost of sales	509.1	382.9	977.2	745.3
Gross profit	70.0	13.1	124.8	38.3
Selling, general and administrative expenses	47.4	44.6	93.9	88.9
Operating income (loss)	22.6	(31.5)	30.9	(50.6)
Interest expense, net	13.0	10.1	25.6	20.3
Other expense (income), net	1.9	(6.6)	5.4	(10.7)
Income (loss) before income taxes	7.7	(35.0)	(0.1)	(60.2)
Income tax expense (benefit)	1.5	(5.6)	0.5	(16.1)
Net income (loss)	$ 6.2	$ (29.4)	$ (0.6)	$ (44.1)
EARNINGS (LOSS) PER COMMON SHARE:
Basic (in dollars per share)	$ 0.13	$ (0.61)	$ (0.02)	$ (0.91)
Diluted (in dollars per share)	$ 0.13	$ (0.61)	$ (0.02)	$ (0.91)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)	48.8	48.6	48.7	48.5
Diluted (in shares)	49.0	48.6	48.7	48.5

CRS Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 20.0	$ 154.2
Accounts receivable, net	441.6	382.3
Inventories	722.7	496.1
Other current assets	99.1	86.8
Total current assets	1,283.4	1,119.4
Property, plant and equipment, net	1,390.5	1,420.8
Goodwill	241.4	241.4
Other intangibles, net	31.7	35.2
Deferred income taxes	5.2	5.7
Other assets	104.3	109.8
Total assets	3,056.5	2,932.3
Current liabilities:
Short-term credit agreement borrowings	81.2	0.0
Accounts payable	304.7	242.1
Accrued liabilities	124.4	133.5
Total current liabilities	510.3	375.6
Long-term debt	692.4	691.8
Accrued pension liabilities	199.4	196.6
Accrued postretirement benefits	78.3	77.4
Deferred income taxes	162.0	162.4
Other liabilities	93.0	98.0
Total liabilities	1,735.4	1,601.8
Contingencies and commitments (see Note 9)
STOCKHOLDERS' EQUITY
Common stock — authorized 100,000,000 shares; issued 56,026,448 shares at December 31, 2022 and 56,025,510 shares at June 30, 2022; outstanding 48,507,489 shares at December 31, 2022 and 48,286,439 shares at June 30, 2022	280.1	280.1
Capital in excess of par value	315.3	320.3
Reinvested earnings	1,190.7	1,211.0
Common stock in treasury (7,518,959 shares and 7,739,071 shares at December 31, 2022 and June 30, 2022, respectively), at cost	(298.4)	(307.4)
Accumulated other comprehensive loss	(166.6)	(173.5)
Total stockholders' equity	1,321.1	1,330.5
Total liabilities and stockholders' equity	$ 3,056.5	$ 2,932.3