Carpenter Technology Stock Filter Stocks by Fundamentals
| CRS Stock | USD 79.38 1.62 2.08% |
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.
Carpenter | Cash Flow from Operations |
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Carpenter Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | 0.0461 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 4.62 B | ||||
| Shares Outstanding | 49.41 M | ||||
| Shares Owned By Insiders | 2.39 % | ||||
| Shares Owned By Institutions | 94.00 % | ||||
| 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 | 3.92 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
| 0.82 | TG | Tredegar | PairCorr |
| 0.82 | ESAB | ESAB Corp Financial Report 7th of May 2024 | PairCorr |
| 0.74 | ATI | Allegheny Technologies Financial Report 2nd of May 2024 | PairCorr |
Moving against Carpenter Stock
| 0.85 | AZ | A2Z Smart Technologies | PairCorr |
| 0.81 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.78 | SGBX | SG Blocks | PairCorr |
| 0.75 | PRLB | Proto Labs Financial Report 3rd of May 2024 | PairCorr |
| 0.71 | AP | Ampco Pittsburgh | PairCorr |
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.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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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.