Rankings Defence, aerospace & space Carpenter Technology
Carpenter Technology
78
15070100
A view of the same findings, not a new score. How it works
In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.
Biggest deductions
- Multiples vs own history and peers−18
- Insider trading−4
- End market and sentiment−3
Strengths
- Pricing power+2
- Buybacks+1
How the score is built
From 100 to 78, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 290.96 USD
- Median analyst target
- 450.00 USD
- Upside to median
- +54.7%
- Analysts
- 8
- Target range
- 315.00 – 520.00 USD
- 52-week change
- −8%
- P/E (trailing)
- 25.7
- Forward P/E
- 21.2
- PEG
- 1.01
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 1 finding−2 of −30
- −2Quality of growthRevenue has only grown 4–9% a year in FY24–26 ($2.76bn → 3.12bn). The earnings lift comes from price and mix in a tight aerospace cycle: the gross margin has gone from 7.5% to 30.6% and the operating margin from −1.1% to 22.3% (FY22–26). ROIC is 23% vs −1% in FY22. The margin is strong now, but it is cyclical and not structurally proven through a downturn.
Price
Today's multiples against the company's own history and its peers. · 1 finding−18 of −35
- −18Multiples vs own history and peersP/E 36.6 (forward 28.8), EV/EBITDA 23.5, P/S 6.1 and P/FCF 52.7; FCF yield 1.9%. That is mid-range of the inflated FY25–26 levels (P/E 36.6–57.9, EV/EBITDA 22.6–37.6), but far above FY22–24 (P/S 0.7–2.0, EV/EBITDA 15.0–21.3, forward P/E 17.9–19.7). A high price for a specialty metals company.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−9 of −35
- −4Insider tradingCEO Tony Thene sold 109,283 shares for about $52.9m on 25/8/2026 in 21 open-market trades at $479–489, about 19% of his holding. The stated reason was tax and estate planning. No insider buying.
- −3End market and sentimentAerospace & Defense is by far the largest end-market group (+15% in FY26), so earnings depend on build rates at Boeing, Airbus and the engine makers. The stock has fallen about 38% from its $619 peak (6/7) and is −20% over 30 days (RSI 22) without operations weakening.
- −2Cash flowFree cash flow ($362m) is only 68% of net profit ($530m), because capex has risen from $97m to 243m (FY24–26) to expand capacity. FY27 guidance is adjusted FCF of $400–430m vs operating profit of $850–880m.
Plus
Only documented strengths. · 2 findings+3 of +15
- +2Pricing powerThe SAO segment's adjusted operating margin rose from 28.6% to 34.7% in FY26. Operating profit rose 34% to $702m on 9% higher revenue, and FY27 is guided at +21–25% ($850–880m) with a target of $1.2–1.3bn in FY29.
- +1BuybacksBuybacks of $237m and dividends of $40m in FY26, in total below FCF of $362m; a new $1bn authorisation. The share count fell only 0.6%, though.
Caveats
What the score does not capture, or where the data is weak.
The share has fallen 38% from its $619 peak (6/7) to $385 without operations weakening. CEO Tony Thene sold shares for $52.9m on 25/8. Only 8 analysts cover the stock, and P/S is 6 for a specialty metals company whose margins follow the aerospace cycle. Next results come 22/10.
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