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UNIVERSAL STAINLESS & ALLOY (USAP) Stock Fundamental Analysis

NASDAQ:USAP - Nasdaq - US9138371003 - Common Stock - Currency: USD

44.99  +0.41 (+0.92%)

After market: 44.9925 +0 (+0.01%)

Fundamental Rating

5

USAP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 155 industry peers in the Metals & Mining industry. USAP has an average financial health and profitability rating. USAP is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

USAP had positive earnings in the past year.
USAP had a positive operating cash flow in the past year.
In multiple years USAP reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: USAP reported negative operating cash flow in multiple years.
USAP Yearly Net Income VS EBIT VS OCF VS FCFUSAP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10M -10M 20M -20M

1.2 Ratios

USAP has a Return On Assets of 7.17%. This is amongst the best in the industry. USAP outperforms 81.38% of its industry peers.
Looking at the Return On Equity, with a value of 10.52%, USAP is in the better half of the industry, outperforming 78.62% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.28%, USAP belongs to the top of the industry, outperforming 82.76% of the companies in the same industry.
Industry RankSector Rank
ROA 7.17%
ROE 10.52%
ROIC 9.28%
ROA(3y)-0.36%
ROA(5y)-1.24%
ROE(3y)-0.62%
ROE(5y)-1.7%
ROIC(3y)N/A
ROIC(5y)N/A
USAP Yearly ROA, ROE, ROICUSAP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -5 -10

1.3 Margins

Looking at the Profit Margin, with a value of 8.14%, USAP is in the better half of the industry, outperforming 78.62% of the companies in the same industry.
In the last couple of years the Profit Margin of USAP has declined.
With a decent Operating Margin value of 11.59%, USAP is doing good in the industry, outperforming 68.28% of the companies in the same industry.
In the last couple of years the Operating Margin of USAP has declined.
USAP has a Gross Margin of 21.62%. This is comparable to the rest of the industry: USAP outperforms 57.93% of its industry peers.
In the last couple of years the Gross Margin of USAP has remained more or less at the same level.
Industry RankSector Rank
OM 11.59%
PM (TTM) 8.14%
GM 21.62%
OM growth 3YN/A
OM growth 5Y-5.23%
PM growth 3YN/A
PM growth 5Y-16.31%
GM growth 3YN/A
GM growth 5Y-0.33%
USAP Yearly Profit, Operating, Gross MarginsUSAP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10 -10

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6

2. Health

2.1 Basic Checks

USAP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, USAP has more shares outstanding
Compared to 5 years ago, USAP has more shares outstanding
Compared to 1 year ago, USAP has an improved debt to assets ratio.
USAP Yearly Shares OutstandingUSAP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M 8M
USAP Yearly Total Debt VS Total AssetsUSAP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

2.2 Solvency

USAP has an Altman-Z score of 4.44. This indicates that USAP is financially healthy and has little risk of bankruptcy at the moment.
USAP has a Altman-Z score of 4.44. This is in the better half of the industry: USAP outperforms 66.90% of its industry peers.
USAP has a debt to FCF ratio of 3.64. This is a good value and a sign of high solvency as USAP would need 3.64 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.64, USAP is doing good in the industry, outperforming 72.41% of the companies in the same industry.
A Debt/Equity ratio of 0.26 indicates that USAP is not too dependend on debt financing.
USAP's Debt to Equity ratio of 0.26 is in line compared to the rest of the industry. USAP outperforms 41.38% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 3.64
Altman-Z 4.44
ROIC/WACC0.83
WACC11.17%
USAP Yearly LT Debt VS Equity VS FCFUSAP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M 100M 150M 200M

2.3 Liquidity

A Current Ratio of 4.38 indicates that USAP has no problem at all paying its short term obligations.
USAP's Current ratio of 4.38 is fine compared to the rest of the industry. USAP outperforms 77.93% of its industry peers.
A Quick Ratio of 1.35 indicates that USAP should not have too much problems paying its short term obligations.
USAP's Quick ratio of 1.35 is in line compared to the rest of the industry. USAP outperforms 46.21% of its industry peers.
Industry RankSector Rank
Current Ratio 4.38
Quick Ratio 1.35
USAP Yearly Current Assets VS Current LiabilitesUSAP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 1694.12% over the past year.
Measured over the past years, USAP shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -16.94% on average per year.
USAP shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.80%.
Measured over the past years, USAP shows a small growth in Revenue. The Revenue has been growing by 2.24% on average per year.
EPS 1Y (TTM)1694.12%
EPS 3YN/A
EPS 5Y-16.94%
EPS Q2Q%455%
Revenue 1Y (TTM)24.8%
Revenue growth 3Y16.75%
Revenue growth 5Y2.24%
Sales Q2Q%22.47%

3.2 Future

Based on estimates for the next years, USAP will show a very strong growth in Earnings Per Share. The EPS will grow by 156.90% on average per year.
Based on estimates for the next years, USAP will show a small growth in Revenue. The Revenue will grow by 6.33% on average per year.
EPS Next Y546%
EPS Next 2Y156.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year16.33%
Revenue Next 2Y6.33%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
USAP Yearly Revenue VS EstimatesUSAP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
USAP Yearly EPS VS EstimatesUSAP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1 -1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

USAP is valuated correctly with a Price/Earnings ratio of 16.60.
Based on the Price/Earnings ratio, USAP is valued a bit cheaper than 73.10% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.60. USAP is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 13.37, the valuation of USAP can be described as correct.
Based on the Price/Forward Earnings ratio, USAP is valued a bit cheaper than 67.59% of the companies in the same industry.
USAP's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.39.
Industry RankSector Rank
PE 16.6
Fwd PE 13.37
USAP Price Earnings VS Forward Price EarningsUSAP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

66.90% of the companies in the same industry are more expensive than USAP, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of USAP indicates a somewhat cheap valuation: USAP is cheaper than 75.17% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 22.03
EV/EBITDA 8.35
USAP Per share dataUSAP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

USAP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as USAP's earnings are expected to grow with 156.90% in the coming years.
PEG (NY)0.03
PEG (5Y)N/A
EPS Next 2Y156.9%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for USAP!.
Industry RankSector Rank
Dividend Yield N/A

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UNIVERSAL STAINLESS & ALLOY

NASDAQ:USAP (1/22/2025, 8:00:02 PM)

After market: 44.9925 +0 (+0.01%)

44.99

+0.41 (+0.92%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)01-22 2025-01-22/bmo
Earnings (Next)N/A N/A
Inst Owners66.11%
Inst Owner Change-88.93%
Ins Owners6.18%
Ins Owner Change-529.12%
Market Cap418.86M
Analysts43.33
Price Target46.92 (4.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)38.19%
Min EPS beat(2)6.69%
Max EPS beat(2)69.68%
EPS beat(4)3
Avg EPS beat(4)22.71%
Min EPS beat(4)-17.28%
Max EPS beat(4)69.68%
EPS beat(8)7
Avg EPS beat(8)31.78%
EPS beat(12)8
Avg EPS beat(12)11.84%
EPS beat(16)10
Avg EPS beat(16)11.48%
Revenue beat(2)2
Avg Revenue beat(2)1.25%
Min Revenue beat(2)0.95%
Max Revenue beat(2)1.54%
Revenue beat(4)2
Avg Revenue beat(4)-0.47%
Min Revenue beat(4)-3.81%
Max Revenue beat(4)1.54%
Revenue beat(8)4
Avg Revenue beat(8)0.96%
Revenue beat(12)6
Avg Revenue beat(12)0.51%
Revenue beat(16)7
Avg Revenue beat(16)-1.25%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)43.75%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.26%
Valuation
Industry RankSector Rank
PE 16.6
Fwd PE 13.37
P/S 1.28
P/FCF 22.03
P/OCF 11.39
P/B 1.65
P/tB 1.65
EV/EBITDA 8.35
EPS(TTM)2.71
EY6.02%
EPS(NY)3.37
Fwd EY7.48%
FCF(TTM)2.04
FCFY4.54%
OCF(TTM)3.95
OCFY8.78%
SpS35.17
BVpS27.2
TBVpS27.2
PEG (NY)0.03
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 7.17%
ROE 10.52%
ROCE 11.74%
ROIC 9.28%
ROICexc 9.28%
ROICexgc 9.28%
OM 11.59%
PM (TTM) 8.14%
GM 21.62%
FCFM 5.81%
ROA(3y)-0.36%
ROA(5y)-1.24%
ROE(3y)-0.62%
ROE(5y)-1.7%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-4.38%
ROICexc growth 3YN/A
ROICexc growth 5Y-4.38%
OM growth 3YN/A
OM growth 5Y-5.23%
PM growth 3YN/A
PM growth 5Y-16.31%
GM growth 3YN/A
GM growth 5Y-0.33%
F-Score8
Asset Turnover0.88
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 3.64
Debt/EBITDA 1.12
Cap/Depr 86.51%
Cap/Sales 5.43%
Interest Coverage 250
Cash Conversion 62.9%
Profit Quality 71.33%
Current Ratio 4.38
Quick Ratio 1.35
Altman-Z 4.44
F-Score8
WACC11.17%
ROIC/WACC0.83
Cap/Depr(3y)62.34%
Cap/Depr(5y)64.96%
Cap/Sales(3y)5.89%
Cap/Sales(5y)5.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1694.12%
EPS 3YN/A
EPS 5Y-16.94%
EPS Q2Q%455%
EPS Next Y546%
EPS Next 2Y156.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)24.8%
Revenue growth 3Y16.75%
Revenue growth 5Y2.24%
Sales Q2Q%22.47%
Revenue Next Year16.33%
Revenue Next 2Y6.33%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y555.2%
EBIT growth 3YN/A
EBIT growth 5Y-3.1%
EBIT Next Year348.63%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y154.35%
FCF growth 3Y-5.9%
FCF growth 5Y58.5%
OCF growth 1Y289.52%
OCF growth 3Y1.95%
OCF growth 5Y8.72%