Atkore Inc.

ATKR

81.57 (-2.30%) 1.88

2.85(B)

Industrials

Electrical Equipment

Atkore Inc. engages in the manufacture and sale of electrical mechanical safety and infrastructure products and solutions in the United States and internationally. The company offers metal electrical conduit and fittings plastic pipe conduit and fittings electrical cable and flexible conduit and international cable management systems; and mechanical tubes and pipes metal framing and fittings construction services perimeter security and cable management for the protection and reliability of critical infrastructure. The company offers its products under the Allied Tube & Conduit AFC Cable Systems Kaf-Tech Heritage Plastics Unistrut Power-Strut Cope US Tray FRE Composites United Poly Systems Calbond and Calpipe. It serves various end markets including new construction; maintenance repair and remodel; infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and governments through electrical industrial and specialty distributors as well as original equipment manufacturers. The company was formerly known as Atkore International Group Inc. and changed its name to Atkore Inc. in February 2021. Atkore Inc. was founded in 1959 and is headquartered in Harvey Illinois.

Holdings:

Cost basis:

Atkore Inc. (ATKR) price target and intrinsic value estimate

ATKR's fair price estimate is $83.1

This valuation is based on a fair P/E of 10.1 and EPS estimates of $8.20

The median analyst price target for ATKR is $102.0.

Analyst price targets range from $84.0 to $115.0

Is ATKR overvalued or undervalued?

ATKR is currently trading at $81.57

ATKR is undervalued by 2% using the pevaluation method.

ATKR is undervalued by 20% compared to median analyst price targets.

Do you agree with this valuation?

Valuation

PEvaluation

Low $62.3

Median $83.1

High $103.9

Fair P/E

Margin of safety

Analyst valuation

Low $84.0

Median $102.0

High $115.0

Strong Buy2

Buy2

Hold3

Sell0

Strong Sell0

Discounted cash-flow

TTM FCFFCF est.Growth FCFTerminal FCF

Discount rate:

10%

Terminal rate:

Growth phase length:

Growth phase rate:

10%

Economic moat: None/narrow

Overview

Market data

Market cap:$2.85(B)

Enterprise value:$3.46(B)

Total Equity:$1.54(B)

Shares outstanding:34.90(M)

Div. yield:1.18%

P/S:0.93

P/E:6.36

P/FCF:7.12

P/B:1.85

EPS:$12.8

FCF per share:$11.4

Dividend per share:$1.0

Income (TTM)

Revenue$3.20(B)

Gross profit$1.08(B)

EBITDA$744.70(M)

Net income$472.87(M)

Gross margin33.7%

Net margin14.8%

Balance sheet

Total assets$3.02(B)

Total liabilities$1.48(B)

Cash & Short-term inv.$351.38(M)

Long-term debt$764.84(M)

Debt issued$0

Debt repaid$-1.96(M)

Cash flow (TTM)

FCF$399.17(M)

CapEx$-149.86(M)

Dividends paid$-34.46(M)

Stock issued$0

Stock repurchased$-398.86(M)

Stock-based comp.$20.30(M)

Future Growth

Revenue

CAGR: 3.4%

FY+1$2.99(B)

FY+2$3.11(B)

FY+3$3.20(B)

Net Income

CAGR: 7.7%

FY+1$292.66(M)

FY+2$323.17(M)

FY+3$339.67(M)

EPS

CAGR: 10.5%

FY+1$8.44

FY+2$9.65

FY+3$10.31

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Historical Financials

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YearlyQuarterly

Income

RevenueNet IncomeCOGSGross ProfitTotal OpEx.R&DSG&AOperating IncomeInterest ExpenseInterest IncomePre-tax incomeIncome tax

Cash flow

FCFCFONet IncomeD&AStock-based Comp.CFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures

Balance sheet

Total AssetsTotal LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity

Shares outstanding

Shares (Basic)Shares (Diluted)

Per share data

EPS (Basic)EPS (Diluted)FCF/ShareDividend/ShareBook value/Share

Ratios

P/EP/FCFP/BP/SEV/EarningsEV/FCFDebt/EquityPayout ratio

Margins

Net Income MarginOperating MarginGross MarginEBITDA MarginFCF Margin

Returns

ROICROAROCEROE

Market Cap.