A Business at a Glance
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(a) General Development of Business: Carpenter Technology Corporation, founded in 1889, is engaged in the manufacturing, fabrication and distribution of specialty metals. As used throughout this report, unless the context requires otherwise, the terms "Carpenter," "Carpenter Technology," "Company," "Registrant," "Issuer," "we" and "our" refer to Carpenter Technology Corporation. (b) Financial Information About Segments: We are organized in two reportable business segments: Specialty Alloys Operations ("SAO") and Performance Engineered Products ("PEP"). See Note 20 to our consolidated financial statements included in Item 8. "Financial Statements and Supplementary Data" for additional segment reporting information. (c) Narrative Description of Business: (1) General: We are a producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.9B | 2.9B | 2.8B | 2.6B | 1.8B | 1.5B |
| Net Income | 435M | 376M | 187M | 56M | -49M | -230M |
| EPS | $8.74 | $7.42 | $3.70 | $1.14 | $-1.01 | $-4.76 |
| Free Cash Flow | 317M | 286M | 178M | -68M | -85M | 150M |
| ROIC | 19.9% | 19.1% | 13.7% | 5.3% | -2.4% | -11.2% |
| Gross Margin | 28.9% | 26.7% | 21.2% | 13.2% | 8.2% | 0.1% |
| Debt/Equity | 0.35 | 0.37 | 0.43 | 0.50 | 0.52 | 0.50 |
| Dividends/Share | $0.81 | $0.80 | $0.80 | $0.80 | $0.80 | $0.80 |
| Operating Income | 598M | 522M | 323M | 133M | -25M | -249M |
| Operating Margin | 20.3% | 18.1% | 11.7% | 5.2% | -1.4% | -16.8% |
| ROE | 21.9% | 21.4% | 12.3% | 4.1% | -3.6% | -16.2% |
| Shares Outstanding | 50M | 51M | 50M | 49M | 49M | 48M |
CARPENTER TECHNOLOGY CORP passes 3 of 9 quality checks, indicating weak fundamentals.
CARPENTER TECHNOLOGY CORP trades at 51.0x trailing earnings, compared to its 15-year median P/E of 30.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 69.0x vs a median of 30.3x. The company's 5-year average ROIC is 4.9% with a gross margin of 13.9%. Total shareholder yield (dividends + buybacks) is 0.8%. At current prices, the estimated annualized return to fair value is +25.4%.
CARPENTER TECHNOLOGY CORP (CRS) has a current P/E ratio of 51.0, compared to its historical median P/E of 30.9. The stock is currently considered Expensive based on its historical valuation range.
CARPENTER TECHNOLOGY CORP (CRS) has a 5-year average return on invested capital (ROIC) of 4.9%. This is below average and may indicate limited pricing power.
CARPENTER TECHNOLOGY CORP (CRS) has a market capitalization of $21.9B. It is classified as a large-cap stock.
Yes, CARPENTER TECHNOLOGY CORP (CRS) pays a dividend with a trailing twelve-month yield of 0.18%. The company also returns capital through share buybacks, with a buyback yield of 0.65%.
Based on historical P/E analysis, CARPENTER TECHNOLOGY CORP (CRS) appears expensive. The current P/E of 51.0 is 65% above its historical median of 30.9. The estimated fair value CAGR (P/E method) is 13.1%.
CARPENTER TECHNOLOGY CORP (CRS) operates in the Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) industry, within the Materials sector.
CARPENTER TECHNOLOGY CORP (CRS) reported annual revenue of $2.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
CARPENTER TECHNOLOGY CORP (CRS) has a net profit margin of 13.1%. This is a healthy margin.
CARPENTER TECHNOLOGY CORP (CRS) generated $286 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CARPENTER TECHNOLOGY CORP (CRS) has a debt-to-equity ratio of 0.37. This indicates a conservatively financed balance sheet.
CARPENTER TECHNOLOGY CORP (CRS) reported earnings per share (EPS) of $7.42 in its most recent fiscal year.
CARPENTER TECHNOLOGY CORP (CRS) has a return on equity (ROE) of 21.4%. This indicates the company generates strong returns for shareholders.
CARPENTER TECHNOLOGY CORP (CRS) has a 5-year average gross margin of 13.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for CARPENTER TECHNOLOGY CORP (CRS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CARPENTER TECHNOLOGY CORP (CRS) has a book value per share of $37.24, based on its most recent annual SEC filing.
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