Carpenter Technology Stock Current Valuation

CRS Stock  USD 70.19  1.71  2.50%   
Valuation analysis of Carpenter Technology helps investors to measure Carpenter Technology's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. Enterprise Value Multiple is likely to drop to 8.21 in 2024. Fundamental drivers impacting Carpenter Technology's valuation include:
Price Book
2.2959
Enterprise Value
4.1 B
Enterprise Value Ebitda
10.7676
Price Sales
1.242
Forward PE
14.6413
Undervalued
Today
70.19
Please note that Carpenter Technology's price fluctuation is very steady at this time. Calculation of the real value of Carpenter Technology is based on 3 months time horizon. Increasing Carpenter Technology's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Carpenter Technology is useful when determining the fair value of the Carpenter stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Carpenter Technology. Since Carpenter Technology is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Carpenter Stock. However, Carpenter Technology's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  70.19 Real  75.09 Target  82.67 Hype  70.22 Naive  70.45
The real value of Carpenter Stock, also known as its intrinsic value, is the underlying worth of Carpenter Technology Company, which is reflected in its stock price. It is based on Carpenter Technology's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Carpenter Technology's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Carpenter Technology's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
75.09
Real Value
77.37
Upside
Estimating the potential upside or downside of Carpenter Technology helps investors to forecast how Carpenter stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Carpenter Technology more accurately as focusing exclusively on Carpenter Technology's fundamentals will not take into account other important factors:
Earnings
Estimates (0)
LowProjectedHigh
0.910.930.96
Details
Hype
Prediction
LowEstimatedHigh
67.9470.2272.50
Details
Potential
Annual Dividend
LowForecastedHigh
0.520.530.54
Details
4 Analysts
Consensus
LowTarget PriceHigh
75.2382.6791.76
Details

Carpenter Current Valuation Analysis

Carpenter Technology's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
 2021 2022 2023 2024 (projected)
Dividends Paid39.2M39.4M45.3M31.5M
Depreciation131.4M131M150.7M80.0M

Enterprise Value

 = 

Market Cap + Debt

-

Cash

More About Current Valuation | All Equity Analysis

Current Carpenter Technology Current Valuation

    
  4.08 B  
Most of Carpenter Technology's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Carpenter Technology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Carpenter Current Valuation Driver Correlations

Understanding the fundamental principles of building solid financial models for Carpenter Technology is extremely important. It helps to project a fair market value of Carpenter Stock properly, considering its historical fundamentals such as Current Valuation. Since Carpenter Technology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Carpenter Technology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Carpenter Technology's interrelated accounts and indicators.
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Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Competition

In accordance with the recently published financial statements, Carpenter Technology has a Current Valuation of 4.08 B. This is 43.92% lower than that of the Metals & Mining sector and 283.07% higher than that of the Materials industry. The current valuation for all United States stocks is 75.43% higher than that of the company.

Carpenter Current Valuation Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Carpenter Technology's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Carpenter Technology could also be used in its relative valuation, which is a method of valuing Carpenter Technology by comparing valuation metrics of similar companies.
Carpenter Technology is currently under evaluation in current valuation category among related companies.

Carpenter Fundamentals

About Carpenter Technology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Carpenter Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carpenter Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carpenter Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania. Carpenter Technology operates under Metal Fabrication classification in the United States and is traded on New York Stock Exchange. It employs 4100 people.

Carpenter Technology Investors Sentiment

The influence of Carpenter Technology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Carpenter. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Carpenter Technology's public news can be used to forecast risks associated with an investment in Carpenter. The trend in average sentiment can be used to explain how an investor holding Carpenter can time the market purely based on public headlines and social activities around Carpenter Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Carpenter Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Carpenter Technology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Carpenter Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Carpenter Technology.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Carpenter Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Carpenter Technology's short interest history, or implied volatility extrapolated from Carpenter Technology options trading.

Pair Trading with Carpenter Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carpenter Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carpenter Technology will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Carpenter Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carpenter Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carpenter Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carpenter Technology to buy it.
The correlation of Carpenter Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carpenter Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carpenter Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carpenter Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Carpenter Technology is a strong investment it is important to analyze Carpenter Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carpenter Technology's future performance. For an informed investment choice regarding Carpenter Stock, refer to the following important reports:
Check out Carpenter Technology Piotroski F Score and Carpenter Technology Altman Z Score analysis.
For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Carpenter Technology's price analysis, check to measure Carpenter Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.
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Is Carpenter Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carpenter Technology. If investors know Carpenter will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carpenter Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
5.8
Dividend Share
0.8
Earnings Share
2.89
Revenue Per Share
55.43
Quarterly Revenue Growth
0.078
The market value of Carpenter Technology is measured differently than its book value, which is the value of Carpenter that is recorded on the company's balance sheet. Investors also form their own opinion of Carpenter Technology's value that differs from its market value or its book value, called intrinsic value, which is Carpenter Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carpenter Technology's market value can be influenced by many factors that don't directly affect Carpenter Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carpenter Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carpenter Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carpenter Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.