Atkore International Group Inc. (ATKR) Company Bio
Atkore International Group Inc. manufactures and distributes electrical raceway products. It offers steel, PVC and aluminum conduit, armored cable and flexible conduits, wire baskets, cable trays, fittings, and mechanical pipe. The company was founded in 1959 and is based in Harvey, Illinois.
ATKR Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Atkore International Group Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Atkore International Group Inc ranked in the 72th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 274.17%. The most interesting components of our discounted cash flow analysis for Atkore International Group Inc ended up being:
The company's debt burden, as measured by earnings divided by interest payments, is 5.42; that's higher than 57.69% of US stocks in the Industrials sector that have positive free cash flow.
The business' balance sheet reveals debt to be 43% of the company's capital (with equity being the remaining amount). Approximately 66.07% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
Atkore International Group Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 4.44% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
MAN, B, PMTS, ASGN, and ATI can be thought of as valuation peers to ATKR, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
Atkore International Group Inc. (the "Company") (NYSE: ATKR), today announced that Bill Waltz, President and Chief Executive Officer, is scheduled to participate in a question and answer session at the RBC Capital Markets Global Industrials Virtual Conference on Monday, September 14, 2020 at 1:40 p.m. Eastern Time.