ATI Inc (ATI)
OvervaluedFundamental
63
Price
$189.40
Market Cap
$24.60B
Part 1 · What the company is worth
Overview
ATI Inc. produces and sells specialty materials and complex components worldwide. It operates in two segments, High Performance Materials & Components, and Advanced Alloys & Solutions. The company produces high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, and metallic powder alloys, as well as long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, seamless tubes, plus precision forgings, components, and machined parts. It also offers zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in various forms, such as plate, sheet, and precision rolled strip products. In addition, the company provides hot-rolling conversion services comprising carbon steel products. It serves medical and specialty energy, aerospace and defense, construction and mining, transportation, oil and gas, automotive, food equipment and appliances, and mining markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc. was founded in 1996 and is headquartered in Dallas, Texas.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
ATI names Carpenter Technology as a principal competitor in nickel-based alloys and superalloys, where both sell melted and finished specialty alloy mill products to the same jet-engine, defense and medical customers.
Heir to the RTI International Metals and Firth Rixson businesses that ATI listed among its competitors, Howmet bids for the same titanium and superalloy forged components on engine and airframe programs.
Named by ATI as its broadest competitor, it covers the same ground across titanium mill products, nickel superalloys and precision forgings for jet engines and airframes.
Cited by ATI as a competitor in titanium and titanium-based alloys, it supplies the same aerospace primes with titanium ingot, plate and forged parts.
A direct rival in high-temperature nickel- and cobalt-based alloys for jet engines and industrial gas turbines; it left Nasdaq in 2024 when Acerinox's North American Stainless bought it.
Listed by ATI as a competitor in precision forgings, this French producer supplies forged superalloy and titanium parts to the same European engine and airframe programmes.
Balance Sheet & Liquidity
Revenue
$4.72B
Trailing 12 months (through 6/28/2026)
Net Income
$476M
Trailing 12 months (through 6/28/2026)
Free Cash Flow
$334M
Total Equity
$1.80B
Total Liabilities
$3.18B
Current Ratio
2.33
Interest Coverage
5.79
Debt/EBITDA
2.71
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$135.57
Current Price
$189.40
Margin of Safety
-39.7%
Fair Value Range
$88.12 - $183.02
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
55.38
ROE
22.4%
P/B Ratio
13.74
P/FCF
49.00
Gross Margin
23.4%
ROIC
13.1%
Profitability Radar
Value Creation (Economic Moat)
ROIC
13.1%
WACC
9.9%
ROIC − WACC
+3.2 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (18)
- Price CAGR 28.71%
- ROIC 13.1%
- Debt/Equity ratio
- Operating Margin 15.2%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 26.6%
- Revenue Growth 5Y 9.0%
- Analyst Consensus 87% Buy
- Earnings Surprise avg 12.0%
- Earnings Quality (OCF/NI) 1.69
- Share Dilution -1.6%
- Net Margin Trend 10.1% vs 9.3%
- Piotroski F-Score 9/9
Failed (8)
- EPS shows upward trend
- EPS CAGR -4.57%
- Gross Margin 23.4%
- P/FCF 49.00
- P/B Ratio 13.74
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
Unavailable (2)
- Dividend Payout NaN%
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
No institutional filings reported for this company.
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Ms. Kimberly A. Fields | President, CEO & Chair | 55 |
| Mr. Timothy J. Harris | Senior VP and Chief Digital & Information Officer | 50 |
| Ms. Vaishali S. Bhatia | Senior VP, General Counsel & Chief Compliance Officer | 42 |
| Mr. James Robert Foster | Senior VP of Finance & CFO | 44 |
| Mr. Michael Benjamin Miller | VP, Corporate Controller & Chief Accounting Officer | 49 |
| Mr. David Weston | Vice President of Investor Relations | - |
| Mr. John S. Minich | President of Forged Products | 63 |
| Ms. Amanda J. Skov | Corporate Secretary | - |
| Mr. Tom Wright | Vice President of Financial Planning & Analysis | - |
Audit Risk
1
Board Risk
3
Compensation Risk
2
Shareholder Rights Risk
6
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-20
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-06
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-06
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for ATI, sourced from Markets Gazette.