Allegheny Technologies Incorporated Stock Current Valuation

ATI Stock  USD 50.92  0.71  1.41%   
Valuation analysis of Allegheny Technologies helps investors to measure Allegheny Technologies' intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. The current Enterprise Value Multiple is estimated to decrease to 10.82. Fundamental drivers impacting Allegheny Technologies' valuation include:
Price Book
4.6729
Enterprise Value
7.9 B
Enterprise Value Ebitda
14.3513
Price Sales
1.5372
Forward PE
20
Fairly Valued
Today
50.92
Please note that Allegheny Technologies' price fluctuation is very steady at this time. Calculation of the real value of Allegheny Technologies is based on 3 months time horizon. Increasing Allegheny Technologies' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Allegheny Technologies Incorporated is useful when determining the fair value of the Allegheny stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Allegheny Technologies. Since Allegheny Technologies is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Allegheny Stock. However, Allegheny Technologies' 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  50.92 Real  49.17 Target  50.5 Hype  50.9 Naive  51.16
The real value of Allegheny Stock, also known as its intrinsic value, is the underlying worth of Allegheny Technologies Company, which is reflected in its stock price. It is based on Allegheny Technologies' financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Allegheny Technologies' 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 Allegheny Technologies' 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.
49.17
Real Value
51.42
Upside
Estimating the potential upside or downside of Allegheny Technologies Incorporated helps investors to forecast how Allegheny 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 Allegheny Technologies more accurately as focusing exclusively on Allegheny Technologies' fundamentals will not take into account other important factors:
Earnings
Estimates (0)
LowProjectedHigh
0.370.410.45
Details
Hype
Prediction
LowEstimatedHigh
48.6550.9053.15
Details
Naive
Forecast
LowNext ValueHigh
48.9151.1653.41
Details
7 Analysts
Consensus
LowTarget PriceHigh
45.9650.5056.06
Details

Allegheny Current Valuation Analysis

Allegheny Technologies' 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.

Enterprise Value

 = 

Market Cap + Debt

-

Cash

More About Current Valuation | All Equity Analysis

Current Allegheny Technologies Current Valuation

    
  7.85 B  
Most of Allegheny Technologies' 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, Allegheny Technologies Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Allegheny Current Valuation Driver Correlations

Understanding the fundamental principles of building solid financial models for Allegheny Technologies is extremely important. It helps to project a fair market value of Allegheny Stock properly, considering its historical fundamentals such as Current Valuation. Since Allegheny Technologies' 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 Allegheny Technologies' 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 Allegheny Technologies' interrelated accounts and indicators.
-0.160.90.460.810.650.260.890.240.190.830.68-0.710.240.690.57-0.610.410.510.93-0.350.020.520.180.020.59-0.270.45-0.32-0.210.17
-0.16-0.050.150.08-0.090.150.110.38-0.31-0.25-0.440.08-0.790.080.320.2-0.23-0.25-0.04-0.18-0.120.01-0.22-0.3-0.62-0.050.15-0.21-0.040.01
0.9-0.050.150.890.580.340.90.45-0.160.510.5-0.550.240.770.49-0.30.030.140.85-0.560.250.82-0.16-0.270.59-0.480.59-0.44-0.140.09
0.460.150.150.160.290.050.37-0.240.50.720.27-0.46-0.18-0.010.33-0.810.810.660.52-0.18-0.48-0.320.720.39-0.020.280.27-0.02-0.170.13
0.810.080.890.160.360.130.930.41-0.210.470.29-0.370.180.810.63-0.16-0.10.080.81-0.380.260.8-0.36-0.470.53-0.410.58-0.74-0.530.49
0.65-0.090.580.290.360.750.370.330.40.540.8-0.31-0.070.38-0.02-0.440.450.330.46-0.33-0.010.320.290.420.18-0.310.410.230.040.01
0.260.150.340.050.130.750.110.470.020.060.550.02-0.130.35-0.37-0.030.19-0.20.02-0.40.350.30.150.22-0.17-0.150.430.270.16-0.14
0.890.110.90.370.930.370.110.34-0.120.620.33-0.650.140.740.74-0.420.10.280.92-0.440.090.64-0.1-0.340.49-0.290.5-0.63-0.310.25
0.240.380.45-0.240.410.330.470.34-0.46-0.110.10.06-0.050.580.040.27-0.35-0.390.18-0.370.210.61-0.38-0.430.19-0.290.35-0.26-0.060.03
0.19-0.31-0.160.5-0.210.40.02-0.12-0.460.590.43-0.21-0.17-0.350.07-0.70.730.840.140.48-0.61-0.550.60.89-0.130.14-0.190.43-0.090.13
0.83-0.250.510.720.470.540.060.62-0.110.590.71-0.710.180.370.51-0.840.780.830.750.01-0.3-0.020.580.380.420.080.15-0.07-0.240.21
0.68-0.440.50.270.290.80.550.330.10.430.71-0.460.340.48-0.04-0.490.630.430.39-0.090.190.150.490.450.42-0.070.130.260.02-0.03
-0.710.08-0.55-0.46-0.37-0.310.02-0.650.06-0.21-0.71-0.46-0.13-0.35-0.60.71-0.45-0.64-0.70.20.19-0.06-0.43-0.14-0.31-0.070.120.05-0.310.31
0.24-0.790.24-0.180.18-0.07-0.130.14-0.05-0.170.180.34-0.130.31-0.220.010.02-0.040.13-0.050.410.270.05-0.210.780.23-0.01-0.17-0.050.05
0.690.080.77-0.010.810.380.350.740.58-0.350.370.48-0.350.310.360.02-0.09-0.120.52-0.380.570.72-0.25-0.480.5-0.280.31-0.59-0.310.28
0.570.320.490.330.63-0.02-0.370.740.040.070.51-0.04-0.6-0.220.36-0.380.040.470.730.05-0.290.22-0.14-0.210.14-0.20.09-0.53-0.310.22
-0.610.2-0.3-0.81-0.16-0.44-0.03-0.420.27-0.7-0.84-0.490.710.010.02-0.38-0.81-0.88-0.640.080.560.26-0.72-0.59-0.18-0.12-0.05-0.13-0.060.06
0.41-0.230.030.81-0.10.450.190.1-0.350.730.780.63-0.450.02-0.090.04-0.810.750.30.07-0.39-0.490.930.740.050.310.030.410.03-0.06
0.51-0.250.140.660.080.33-0.20.28-0.390.840.830.43-0.64-0.04-0.120.47-0.880.750.530.32-0.68-0.390.620.650.140.19-0.170.17-0.050.05
0.93-0.040.850.520.810.460.020.920.180.140.750.39-0.70.130.520.73-0.640.30.53-0.38-0.20.50.09-0.070.55-0.280.49-0.44-0.240.18
-0.35-0.18-0.56-0.18-0.38-0.33-0.4-0.44-0.370.480.01-0.090.2-0.05-0.380.050.080.070.32-0.38-0.3-0.560.030.35-0.250.37-0.560.23-0.240.22
0.02-0.120.25-0.480.26-0.010.350.090.21-0.61-0.30.190.190.410.57-0.290.56-0.39-0.68-0.2-0.30.52-0.39-0.510.19-0.180.14-0.26-0.070.06
0.520.010.82-0.320.80.320.30.640.61-0.55-0.020.15-0.060.270.720.220.26-0.49-0.390.5-0.560.52-0.63-0.620.53-0.570.61-0.57-0.230.2
0.18-0.22-0.160.72-0.360.290.15-0.1-0.380.60.580.49-0.430.05-0.25-0.14-0.720.930.620.090.03-0.39-0.630.71-0.050.48-0.140.570.33-0.34
0.02-0.3-0.270.39-0.470.420.22-0.34-0.430.890.380.45-0.14-0.21-0.48-0.21-0.590.740.65-0.070.35-0.51-0.620.71-0.270.12-0.20.750.25-0.24
0.59-0.620.59-0.020.530.18-0.170.490.19-0.130.420.42-0.310.780.50.14-0.180.050.140.55-0.250.190.53-0.05-0.27-0.20.2-0.35-0.190.17
-0.27-0.05-0.480.28-0.41-0.31-0.15-0.29-0.290.140.08-0.07-0.070.23-0.28-0.2-0.120.310.19-0.280.37-0.18-0.570.480.12-0.2-0.340.180.08-0.06
0.450.150.590.270.580.410.430.50.35-0.190.150.130.12-0.010.310.09-0.050.03-0.170.49-0.560.140.61-0.14-0.20.2-0.34-0.28-0.370.27
-0.32-0.21-0.44-0.02-0.740.230.27-0.63-0.260.43-0.070.260.05-0.17-0.59-0.53-0.130.410.17-0.440.23-0.26-0.570.570.75-0.350.18-0.280.65-0.65
-0.21-0.04-0.14-0.17-0.530.040.16-0.31-0.06-0.09-0.240.02-0.31-0.05-0.31-0.31-0.060.03-0.05-0.24-0.24-0.07-0.230.330.25-0.190.08-0.370.65-0.95
0.170.010.090.130.490.01-0.140.250.030.130.21-0.030.310.050.280.220.06-0.060.050.180.220.060.2-0.34-0.240.17-0.060.27-0.65-0.95
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, Allegheny Technologies Incorporated has a Current Valuation of 7.85 B. This is 7.81% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The current valuation for all United States stocks is 52.77% higher than that of the company.

Allegheny Current Valuation Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Allegheny Technologies' 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 Allegheny Technologies could also be used in its relative valuation, which is a method of valuing Allegheny Technologies by comparing valuation metrics of similar companies.
Allegheny Technologies is currently under evaluation in current valuation category among related companies.

Allegheny Fundamentals

About Allegheny Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Allegheny Technologies Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allegheny Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allegheny Technologies Incorporated 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.
ATI Inc. manufactures and sells specialty materials and components worldwide. ATI Inc. was founded in 1960 and is headquartered in Dallas, Texas. Ati operates under Metal Fabrication classification in the United States and is traded on New York Stock Exchange. It employs 6300 people.

Allegheny Technologies Investors Sentiment

The influence of Allegheny Technologies' 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 Allegheny. 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 Allegheny Technologies' public news can be used to forecast risks associated with an investment in Allegheny. The trend in average sentiment can be used to explain how an investor holding Allegheny can time the market purely based on public headlines and social activities around Allegheny Technologies Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Allegheny Technologies' 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 Allegheny Technologies' 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 Allegheny Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allegheny Technologies.
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 Allegheny Technologies 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, Allegheny Technologies' short interest history, or implied volatility extrapolated from Allegheny Technologies options trading.

Pair Trading with Allegheny Technologies

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 Allegheny Technologies 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 Allegheny Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allegheny Stock

  0.82ESAB ESAB Corp Financial Report 7th of May 2024 PairCorr
  0.61NWPX Northwest Pipe Financial Report 1st of May 2024 PairCorr

Moving against Allegheny Stock

  0.64SGBX SG Blocks Report 3rd of April 2024 PairCorr
  0.5RYI Ryerson Holding Corp Financial Report 6th of May 2024 PairCorr
The ability to find closely correlated positions to Allegheny Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegheny Technologies 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 Allegheny Technologies - 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 Allegheny Technologies Incorporated to buy it.
The correlation of Allegheny Technologies 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 Allegheny Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegheny Technologies 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 Allegheny Technologies 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 Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:
Check out Allegheny Technologies Piotroski F Score and Allegheny Technologies Altman Z Score analysis.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Allegheny Stock analysis

When running Allegheny Technologies' price analysis, check to measure Allegheny Technologies' 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 Allegheny Technologies is operating at the current time. Most of Allegheny Technologies' value examination focuses on studying past and present price action to predict the probability of Allegheny Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegheny Technologies' price. Additionally, you may evaluate how the addition of Allegheny Technologies to your portfolios can decrease your overall portfolio volatility.
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Transaction History
View history of all your transactions and understand their impact on performance
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Is Allegheny Technologies' 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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
(0.32)
Earnings Share
2.81
Revenue Per Share
32.582
Quarterly Revenue Growth
0.053
Return On Assets
0.0537
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' 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 Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' 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 Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.