Carpenter Technology Stock Return On Equity

CRS Stock

USD 80.40 0.11 0.14%

Carpenter Technology fundamentals help investors to digest information that contributes to Carpenter Technology's financial success or failures. It also enables traders to predict the movement of Carpenter Stock. The fundamental analysis module provides a way to measure Carpenter Technology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Carpenter Technology stock.

		Last Reported	Projected for Next Year
	Return On Equity	0.05	0.08

Return On Equity is likely to gain to 0.08 in 2024.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Carpenter Technology Company Return On Equity Analysis

Carpenter Technology's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current Carpenter Technology Return On Equity

0.1

Most of Carpenter Technology's fundamental indicators, such as Return On Equity, 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 Return On Equity 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 Return On Equity. 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.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Intangible Assets	Long Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Short Term Investments	Current Deferred Revenue	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Long Term Investments	Net Invested Capital	Cash And Equivalents	Net Working Capital	Capital Stock
Total Assets		0.97	0.46	0.95	0.42	0.98	0.96	0.06	0.47	0.97	0.33	0.66	0.82	-0.53	0.85	-0.86	-0.02	0.57	0.36	0.51	0.55	0.57	-0.38	-0.09	0.31	0.14	0.32	0.08
Total Stockholder Equity	0.97		0.43	0.93	0.42	0.9	0.92	0.01	0.46	0.91	0.29	0.67	0.81	-0.47	0.85	-0.79	-0.1	0.65	0.34	0.52	0.57	0.58	-0.36	-0.21	0.35	0.14	0.36	0.07
Net Debt	0.46	0.43		0.37	0.78	0.46	0.35	-0.37	0.62	0.45	-0.44	0.65	0.13	-0.66	0.64	-0.49	-0.4	0.71	0.72	0.75	0.75	0.79	-0.53	-0.14	0.68	-0.16	0.67	0.62
Retained Earnings	0.95	0.93	0.37		0.25	0.93	0.87	0.12	0.29	0.91	0.4	0.53	0.9	-0.59	0.8	-0.82	-0.07	0.41	0.35	0.36	0.47	0.52	-0.36	-0.03	0.23	0.14	0.24	-0.08
Net Receivables	0.42	0.42	0.78	0.25		0.4	0.49	-0.45	0.9	0.47	-0.23	0.45	0.08	-0.36	0.36	-0.53	0.08	0.77	0.56	0.55	0.71	0.51	-0.4	-0.36	0.73	-0.24	0.75	0.73
Total Liab	0.98	0.9	0.46	0.93	0.4		0.94	0.11	0.45	0.98	0.35	0.63	0.78	-0.57	0.81	-0.88	0.04	0.47	0.36	0.48	0.52	0.53	-0.38	0.03	0.27	0.13	0.26	0.09
Total Current Assets	0.96	0.92	0.35	0.87	0.49	0.94		0.09	0.56	0.94	0.42	0.55	0.79	-0.37	0.69	-0.83	0.18	0.56	0.26	0.4	0.5	0.41	-0.31	-0.16	0.31	0.05	0.32	0.14
Short Term Debt	0.06	0.01	-0.37	0.12	-0.45	0.11	0.09		-0.27	0.06	0.59	-0.26	0.19	0.44	-0.12	-0.07	0.13	-0.46	-0.64	-0.35	-0.57	-0.53	0.49	0.33	-0.52	0.04	-0.57	-0.37
Accounts Payable	0.47	0.46	0.62	0.29	0.9	0.45	0.56	-0.27		0.54	0.08	0.37	0.17	-0.16	0.3	-0.62	0.16	0.65	0.3	0.43	0.45	0.35	-0.22	-0.27	0.42	-0.4	0.45	0.56
Common Stock	0.97	0.91	0.45	0.91	0.47	0.98	0.94	0.06	0.54		0.42	0.59	0.73	-0.53	0.76	-0.95	0.11	0.48	0.33	0.46	0.48	0.5	-0.3	-0.02	0.24	0.12	0.24	0.08
Intangible Assets	0.33	0.29	-0.44	0.4	-0.23	0.35	0.42	0.59	0.08	0.42		-0.31	0.49	0.27	-0.1	-0.46	0.51	-0.37	-0.56	-0.47	-0.52	-0.44	0.44	0.22	-0.59	-0.15	-0.56	-0.47
Long Term Debt	0.66	0.67	0.65	0.53	0.45	0.63	0.55	-0.26	0.37	0.59	-0.31		0.29	-0.49	0.89	-0.46	-0.55	0.76	0.49	0.96	0.68	0.76	-0.43	-0.05	0.47	0.24	0.46	0.34
Good Will	0.82	0.81	0.13	0.9	0.08	0.78	0.79	0.19	0.17	0.73	0.49	0.29		-0.37	0.58	-0.59	0.06	0.28	0.16	0.09	0.32	0.3	-0.34	-0.1	0.13	-0.01	0.15	-0.14
Treasury Stock	-0.53	-0.47	-0.66	-0.59	-0.36	-0.57	-0.37	0.44	-0.16	-0.53	0.27	-0.49	-0.37		-0.63	0.53	0.27	-0.35	-0.87	-0.48	-0.71	-0.77	0.66	0.0	-0.52	-0.22	-0.5	-0.13
Property Plant Equipment	0.85	0.85	0.64	0.8	0.36	0.81	0.69	-0.12	0.3	0.76	-0.1	0.89	0.58	-0.63		-0.63	-0.44	0.69	0.51	0.8	0.68	0.8	-0.49	-0.06	0.43	0.27	0.42	0.2
Short Term Investments	-0.86	-0.79	-0.49	-0.82	-0.53	-0.88	-0.83	-0.07	-0.62	-0.95	-0.46	-0.46	-0.59	0.53	-0.63		-0.16	-0.37	-0.32	-0.38	-0.38	-0.43	0.24	0.0	-0.19	-0.05	-0.19	-0.08
Current Deferred Revenue	-0.02	-0.1	-0.4	-0.07	0.08	0.04	0.18	0.13	0.16	0.11	0.51	-0.55	0.06	0.27	-0.44	-0.16		-0.3	-0.28	-0.61	-0.23	-0.5	0.22	-0.01	-0.17	-0.09	-0.17	-0.05
Net Tangible Assets	0.57	0.65	0.71	0.41	0.77	0.47	0.56	-0.46	0.65	0.48	-0.37	0.76	0.28	-0.35	0.69	-0.37	-0.3		0.53	0.78	0.81	0.72	-0.46	-0.41	0.74	-0.08	0.78	0.61
Total Permanent Equity	0.36	0.34	0.72	0.35	0.56	0.36	0.26	-0.64	0.3	0.33	-0.56	0.49	0.16	-0.87	0.51	-0.32	-0.28	0.53		0.56	0.88	0.74	-0.77	-0.22	0.81	0.22	0.78	0.43
Long Term Debt Total	0.51	0.52	0.75	0.36	0.55	0.48	0.4	-0.35	0.43	0.46	-0.47	0.96	0.09	-0.48	0.8	-0.38	-0.61	0.78	0.56		0.71	0.76	-0.45	-0.09	0.57	0.2	0.55	0.49
Capital Surpluse	0.55	0.57	0.75	0.47	0.71	0.52	0.5	-0.57	0.45	0.48	-0.52	0.68	0.32	-0.71	0.68	-0.38	-0.23	0.81	0.88	0.71		0.8	-0.76	-0.39	0.93	0.2	0.91	0.61
Deferred Long Term Liab	0.57	0.58	0.79	0.52	0.51	0.53	0.41	-0.53	0.35	0.5	-0.44	0.76	0.3	-0.77	0.8	-0.43	-0.5	0.72	0.74	0.76	0.8		-0.7	-0.36	0.59	0.12	0.59	0.36
Short Long Term Debt	-0.38	-0.36	-0.53	-0.36	-0.4	-0.38	-0.31	0.49	-0.22	-0.3	0.44	-0.43	-0.34	0.66	-0.49	0.24	0.22	-0.46	-0.77	-0.45	-0.76	-0.7		0.5	-0.64	-0.27	-0.59	-0.27
Long Term Investments	-0.09	-0.21	-0.14	-0.03	-0.36	0.03	-0.16	0.33	-0.27	-0.02	0.22	-0.05	-0.1	0.0	-0.06	0.0	-0.01	-0.41	-0.22	-0.09	-0.39	-0.36	0.5		-0.45	-0.14	-0.44	-0.22
Net Invested Capital	0.31	0.35	0.68	0.23	0.73	0.27	0.31	-0.52	0.42	0.24	-0.59	0.47	0.13	-0.52	0.43	-0.19	-0.17	0.74	0.81	0.57	0.93	0.59	-0.64	-0.45		0.16	0.98	0.74
Cash And Equivalents	0.14	0.14	-0.16	0.14	-0.24	0.13	0.05	0.04	-0.4	0.12	-0.15	0.24	-0.01	-0.22	0.27	-0.05	-0.09	-0.08	0.22	0.2	0.2	0.12	-0.27	-0.14	0.16		0.06	-0.19
Net Working Capital	0.32	0.36	0.67	0.24	0.75	0.26	0.32	-0.57	0.45	0.24	-0.56	0.46	0.15	-0.5	0.42	-0.19	-0.17	0.78	0.78	0.55	0.91	0.59	-0.59	-0.44	0.98	0.06		0.75
Capital Stock	0.08	0.07	0.62	-0.08	0.73	0.09	0.14	-0.37	0.56	0.08	-0.47	0.34	-0.14	-0.13	0.2	-0.08	-0.05	0.61	0.43	0.49	0.61	0.36	-0.27	-0.22	0.74	-0.19	0.75

Click cells to compare fundamentals

For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Competition

Predict Carpenter Technology

Return On Equity Over Time

Carpenter Total Stockholder Equity

Total Stockholder Equity

851.27 Million

At this time, Carpenter Technology's Total Stockholder Equity is comparatively stable compared to the past year.

Based on the latest financial disclosure, Carpenter Technology has a Return On Equity of 0.1028. This is 76.64% lower than that of the Metals & Mining sector and 125.7% lower than that of the Materials industry. The return on equity for all United States stocks is 133.16% lower than that of the firm.

Carpenter Return On Equity 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 Return On Equity 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 return on equity category among related companies.

Carpenter Fundamentals

	Return On Equity	0.1
	Return On Asset	0.0461
	Profit Margin	0.05 %
	Operating Margin	0.11 %
	Current Valuation	4.6 B
	Shares Outstanding	49.41 M
	Shares Owned By Insiders	2.39 %
	Shares Owned By Institutions	94.01 %
	Number Of Shares Shorted	1.08 M
	Price To Earning	854.00 X
	Price To Book	2.60 X
	Price To Sales	1.41 X
	Revenue	2.55 B
	Gross Profit	143.8 M
	EBITDA	257.6 M
	Net Income	56.4 M
	Cash And Equivalents	44.5 M
	Cash Per Share	1.09 X
	Total Debt	693 M
	Debt To Equity	0.57 %
	Current Ratio	2.80 X
	Book Value Per Share	29.83 X
	Cash Flow From Operations	14.7 M
	Short Ratio	2.78 X
	Earnings Per Share	2.89 X
	Price To Earnings To Growth	1.59 X
	Target Price	91.0
	Number Of Employees	4.5 K
	Beta	1.55
	Market Capitalization	3.98 B
	Total Asset	3.05 B
	Retained Earnings	1.23 B
	Working Capital	822.5 M
	Current Asset	1.01 B
	Current Liabilities	298.8 M
	Annual Yield	0.01 %
	Five Year Return	2.21 %
	Net Asset	3.05 B
	Last Dividend Paid	0.8

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.

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.

Moving together with Carpenter Stock

0.84	TG	Tredegar	Pair Corr
0.74	WS	Worthington Steel	Pair Corr
0.83	ESAB	ESAB Corp Earnings Call This Week	Pair Corr
0.73	ATI	Allegheny Technologies Earnings Call This Week	Pair Corr

Moving against Carpenter Stock

0.86	AZ	A2Z Smart Technologies	Pair Corr
0.84	BA	Boeing Financial Report 24th of July 2024	Pair Corr
0.83	SGBX	SG Blocks	Pair Corr
0.78	PRLB	Proto Labs Financial Report 3rd of May 2024	Pair Corr
0.76	AP	Ampco Pittsburgh	Pair Corr

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 Correlation Correlation 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:

How To Invest In Carpenter

Details

Is Carpenter Stock a good investment?

Details

What is Carpenter Technology's Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Metal Fabrication Companies

View

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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Carpenter Stock analysis

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.

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Carpenter Technology Stock Return On Equity

Carpenter Technology Company Return On Equity Analysis

Return On Equity

Net Income

Total Equity

Current Carpenter Technology Return On Equity

Carpenter Return On Equity Driver Correlations

Carpenter Total Stockholder Equity

Total Stockholder Equity

851.27 Million

Carpenter Return On Equity Peer Comparison

Carpenter Fundamentals

About Carpenter Technology Fundamental Analysis

Pair Trading with Carpenter Technology

Moving together with Carpenter Stock

Moving against Carpenter Stock

Complementary Tools for Carpenter Stock analysis

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