CRS's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 331.07 -- higher than 88.73% of US-listed equities with positive expected earnings growth.
Carpenter Technology Corp's stock had its IPO on November 5, 1987, making it an older stock than 90.62% of US equities in our set.
CRS's current price/earnings ratio is 6.51, which is higher than merely 9.32% of US stocks with positive earnings.
Stocks that are quantitatively similar to CRS, based on their financial statements, market capitalization, and price volatility, are WRLD, TRS, GPX, REDU, and MGPI.
Carpenter Technology Corporation (CRS) Company Bio
Carpenter Technology Corporation produces and distributes specialty alloys, including stainless steels, titanium alloys and superalloys, and various engineered products. The company was founded in 1889 and is based in Wyomissing, Pennsylvania.
CRS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Carpenter Technology Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Carpenter Technology Corp ranked in the 56th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 49.17%. In terms of the factors that were most noteworthy in this DCF analysis for CRS, they are:
Interest coverage, a measure of earnings relative to interest payments, is 11.19; that's higher than 75.6% of US stocks in the Industrials sector that have positive free cash flow.
Carpenter Technology Corp's weighted average cost of capital (WACC) is 6%; for context, that number is higher than only 4.64% of tickers in our DCF set.
CRS's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than only 4.64% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CRS, try THR, DY, HQI, WNS, and SP.
Sunrun (NASDAQ: RUN). Well, all three of these stocks are making big moves on the stock market today: IAA and Carpenter are both up more than 10% in early trading, but Sunrun is down more than 10%. At 12:15 p.m. EDT, shares of IAA are continuing to climb -- up 13.7% -- and Carpenter is at least holding onto the majority of its early gains (up 7.4%).
Moody's Investors Service, ("Moody's") assigned a (P)Ba3 rating for senior unsecured debt to Carpenter Technology Corporation's (Carpenter) Well Known Seasoned Issuer (WKSI) shelf registration. All other ratings are unchanged.
Source Trading at price levels not seen since 2010, Carpenter Technology Corporation (CRS) appears to be trading, on paper, at cheap valuation multiples. Carpenter Technology is a manufacturer and distributor of specialty metals, such as specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive...