Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Atkore International Group

NYSE:ATKR
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATKR
NYSE
$846M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Atkore International Group Inc. manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. The last earnings update was 61 days ago. More info.


Add to Portfolio Compare Print
  • Atkore International Group has significant price volatility in the past 3 months.
ATKR Share Price and Events
7 Day Returns
-14.5%
NYSE:ATKR
-2.9%
US Electrical
-2.8%
US Market
1 Year Returns
-23.1%
NYSE:ATKR
-26.1%
US Electrical
-15.9%
US Market
ATKR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Atkore International Group (ATKR) -14.5% -52.6% -55.3% -23.1% -31.2% -
US Electrical -2.9% -26.4% -32.7% -26.1% -13.6% -7.3%
US Market -2.8% -18.8% -24% -15.9% 2.8% 13.3%
1 Year Return vs Industry and Market
  • ATKR outperformed the Electrical industry which returned -26.1% over the past year.
  • ATKR underperformed the Market in United States of America which returned -15.9% over the past year.
Price Volatility
ATKR
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Atkore International Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Atkore International Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Atkore International Group.

NYSE:ATKR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:ATKR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.111 (1 + (1- 21%) (105.29%))
1.693
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.69
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.693 * 5.44%)
10.95%

Discounted Cash Flow Calculation for NYSE:ATKR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Atkore International Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NYSE:ATKR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.95%)
2020 165.55 Analyst x2 149.21
2021 201.80 Analyst x2 163.93
2022 228.52 Est @ 13.24% 167.30
2023 250.89 Est @ 9.79% 165.55
2024 269.39 Est @ 7.37% 160.21
2025 284.70 Est @ 5.68% 152.61
2026 297.52 Est @ 4.5% 143.73
2027 308.45 Est @ 3.67% 134.30
2028 317.99 Est @ 3.09% 124.79
2029 326.53 Est @ 2.69% 115.49
Present value of next 10 years cash flows $1,477.00
NYSE:ATKR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $326.53 × (1 + 1.74%) ÷ (10.95% – 1.74%)
$3,606.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,606.11 ÷ (1 + 10.95%)10
$1,275.47
NYSE:ATKR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,477.00 + $1,275.47
$2,752.47
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,752.47 / 47.48
$57.97
NYSE:ATKR Discount to Share Price
Calculation Result
Value per share (USD) From above. $57.97
Current discount Discount to share price of $17.82
= -1 x ($17.82 - $57.97) / $57.97
69.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Atkore International Group is available for.
Intrinsic value
>50%
Share price is $17.82 vs Future cash flow value of $57.97
Current Discount Checks
For Atkore International Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Atkore International Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Atkore International Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Atkore International Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Atkore International Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ATKR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-27) in USD $3.07
NYSE:ATKR Share Price ** NYSE (2020-04-03) in USD $17.82
United States of America Electrical Industry PE Ratio Median Figure of 30 Publicly-Listed Electrical Companies 13.7x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Atkore International Group.

NYSE:ATKR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ATKR Share Price ÷ EPS (both in USD)

= 17.82 ÷ 3.07

5.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atkore International Group is good value based on earnings compared to the US Electrical industry average.
  • Atkore International Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Atkore International Group's expected growth come at a high price?
Raw Data
NYSE:ATKR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
12.2%per year
United States of America Electrical Industry PEG Ratio Median Figure of 20 Publicly-Listed Electrical Companies 1.44x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

NYSE:ATKR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.81x ÷ 12.2%

0.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atkore International Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Atkore International Group's assets?
Raw Data
NYSE:ATKR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-27) in USD $5.73
NYSE:ATKR Share Price * NYSE (2020-04-03) in USD $17.82
United States of America Electrical Industry PB Ratio Median Figure of 56 Publicly-Listed Electrical Companies 1.17x
United States of America Market PB Ratio Median Figure of 5,146 Publicly-Listed Companies 1.2x
NYSE:ATKR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ATKR Share Price ÷ Book Value per Share (both in USD)

= 17.82 ÷ 5.73

3.11x

* Primary Listing of Atkore International Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atkore International Group is overvalued based on assets compared to the US Electrical industry average.
X
Value checks
We assess Atkore International Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Atkore International Group has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Atkore International Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Atkore International Group expected to grow at an attractive rate?
  • Atkore International Group's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Atkore International Group's earnings growth is positive but not above the United States of America market average.
  • Atkore International Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ATKR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ATKR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 12.2%
NYSE:ATKR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.7%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 7.3%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:ATKR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ATKR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 1,982 1
2021-09-30 1,966 182 3
2020-09-30 1,911 180 3
2020-04-05
NYSE:ATKR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-27 1,912 222 143
2019-09-30 1,917 210 135
2019-06-28 1,892 145 122
2019-03-29 1,897 135 119
2018-12-28 1,873 137 134
2018-09-30 1,835 146 134
2018-06-29 1,753 176 124
2018-03-30 1,653 150 118
2017-12-29 1,581 138 94
2017-09-30 1,504 122 84
2017-06-30 1,524 137 79
2017-03-31 1,522 100 73
2016-12-30 1,503 137 68

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Atkore International Group's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Atkore International Group's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ATKR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Atkore International Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ATKR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30
2021-09-30 3.79 3.79 3.79 1.00
2020-09-30 3.76 4.00 3.51 2.00
2020-04-05
NYSE:ATKR Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-27 3.07
2019-09-30 2.91
2019-06-28 2.62
2019-03-29 2.57
2018-12-28 2.80
2018-09-30 2.59
2018-06-29 2.20
2018-03-30 1.94
2017-12-29 1.48
2017-09-30 1.33
2017-06-30 1.26
2017-03-31 1.16
2016-12-30 1.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Atkore International Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Atkore International Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Atkore International Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Atkore International Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Atkore International Group's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Atkore International Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Atkore International Group's 1-year earnings growth is less than its 5-year average (7.1% vs 48%)
  • Atkore International Group's earnings growth has exceeded the US Electrical industry average in the past year (7.1% vs -1.4%).
Earnings and Revenue History
Atkore International Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Atkore International Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ATKR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-27 1,911.96 142.96 235.09
2019-09-30 1,916.54 135.33 234.11
2019-06-28 1,892.40 121.84 221.63
2019-03-29 1,896.92 119.44 221.32
2018-12-28 1,872.61 133.51 225.65
2018-09-30 1,835.14 134.19 221.90
2018-06-29 1,753.38 123.68 208.86
2018-03-30 1,653.11 117.83 186.01
2017-12-29 1,580.90 93.99 178.65
2017-09-30 1,503.93 84.40 170.97
2017-06-30 1,524.37 79.19 185.36
2017-03-31 1,522.35 72.53 214.33
2016-12-30 1,502.60 67.61 216.70
2016-09-30 1,523.38 58.76 214.32
2016-06-24 1,544.96 16.17 210.70
2016-03-25 1,581.60 14.59 193.22
2015-12-25 1,661.14 6.38 179.84
2015-09-25 1,729.17 -4.96 180.73
2014-12-26 1,734.24 -102.77 169.91
2014-09-26 1,702.84 -103.00 177.64
2013-12-27 1,516.00 -19.00 171.00
2013-09-27 1,475.90 -65.82 158.45
2013-06-28 1,490.00 -38.00 170.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Atkore International Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Atkore International Group used its assets more efficiently than the US Electrical industry average last year based on Return on Assets.
  • Atkore International Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Atkore International Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Atkore International Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Atkore International Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Atkore International Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Atkore International Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Atkore International Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Atkore International Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Atkore International Group Company Filings, last reported 3 months ago.

NYSE:ATKR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-27 272.13 845.24 164.14
2019-09-30 232.94 845.32 123.42
2019-06-28 202.52 884.50 100.73
2019-03-29 158.50 884.10 51.50
2018-12-28 124.16 904.66 75.92
2018-09-30 122.06 904.25 126.66
2018-06-29 73.76 906.14 109.52
2018-03-30 62.08 908.21 76.89
2017-12-29 388.67 532.02 39.76
2017-09-30 360.87 576.08 45.72
2017-06-30 343.37 492.14 96.20
2017-03-31 306.69 492.69 77.93
2016-12-30 280.46 493.75 87.97
2016-09-30 257.25 630.31 200.28
2016-06-24 199.88 631.47 131.11
2016-03-25 179.21 632.25 134.48
2015-12-25 165.09 651.73 127.21
2015-09-25 156.28 652.21 80.60
2014-12-26 176.47 692.87 33.36
2014-09-26 176.47 692.87 33.36
2013-12-27 512.00 490.00 33.00
2013-09-27 516.00 472.00 55.00
2013-06-28 509.00 414.00 57.00
  • Atkore International Group's level of debt (310.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (392.8% vs 310.6% today).
  • Debt is well covered by operating cash flow (26.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess Atkore International Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Atkore International Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Atkore International Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Atkore International Group dividends. Estimated to be 0% next year.
If you bought $2,000 of Atkore International Group shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Atkore International Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Atkore International Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:ATKR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 3.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1936 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ATKR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-09-30 0.00 1.00
2021-09-30 0.00 2.00
2020-09-30 0.00 2.00
2020-04-05

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Atkore International Group has not reported any payouts.
  • Unable to verify if Atkore International Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Atkore International Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Atkore International Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Atkore International Group's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Atkore International Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Atkore International Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Atkore International Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Atkore International Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Waltz
COMPENSATION $6,334,046
AGE 55
TENURE AS CEO 1.5 years
CEO Bio

Mr. William E. Waltz Jr., also known as Bill, has been the President (since May 08, 2018), Chief Executive Officer and Director of Atkore International Group Inc. since October 1, 2018. Mr. Waltz was Chief Operating Officer of Atkore International Group Inc. since May 08, 2018 until September 30, 2018. He was Group President of Electrical Raceway at Atkore International Group Inc. since September 2017 until September 30, 2018. Mr. Waltz was the President of Conduit & Fittings and Vice President at Atkore International Group Inc. since September 2015 until May 2018. He served as President of the Atkore Conduit and Fittings business unit from September 2015 to 2017 and also served as President of Plastic Pipe and Conduit at Atkore since 2013. He served as Chief Operating Officer and Group President of Atkore Electrical Raceway reporting segment. He has been Vice President of Atkore International Holdings Inc. since September 2015. Mr. Waltz served as the President of Conduit & Fittings at Atkore International Holdings Inc. and Atkore International, Inc. since September 2015 until November 03, 2017. He served as President of Plastic Pipe & Conduit at Atkore International Group Inc. since July 2013 until September 2015. He served as the Chief Executive Officer and President of Strategic Materials, Inc. from 2009 to 2013. He served as the President of Flow Technologies at Pentair plc since 2007. Mr. Waltz first joined Pentair in 1997 with the acquisition of General Signal Pump group and was appointed to lead Pentair’s Pump Division in 2004. He spent 15 years in various divisions of Pentair plc, including leadership roles of Vice President and General Manager of Pentair Water Treatment Division, President of Pentair Flow Technologies, Vice President and General Manager for Aurora Pump, Vice President of Sourcing and International Operations and Director of Pentair's Commercial & Industrial business unit. Prior to Pentair, Mr. Waltz served as a Management Consultant for Deloitte & Touche and held leadership positions with General Electric Company. He served as the Chairman of Strategic Materials, Inc. from 2009 to 2013. He also served as the Chairman of an International Trade Association. He serves as a Director of Strategic Materials, Inc. Mr. Waltz holds a Bachelor of Science in Industrial Engineering from Pennsylvania State University, a Master’s of Science degree in Computer Science from Villanova University and a Master’s of Business Administration from Northwestern University’s Kellogg Graduate School of Management. He is a graduate of general electric’s information systems management program.

CEO Compensation
  • Bill's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Bill's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Atkore International Group management team in years:

1.6
Average Tenure
54
Average Age
  • The average tenure for the Atkore International Group management team is less than 2 years, this suggests a new team.
Management Team

Bill Waltz

TITLE
President
COMPENSATION
$6M
AGE
55
TENURE
1.5 yrs

David Johnson

TITLE
VP, CFO & Chief Accounting Officer
COMPENSATION
$1M
AGE
52
TENURE
1.7 yrs

Dan Kelly

TITLE
VP, General Counsel & Secretary
COMPENSATION
$1M
AGE
59
TENURE
6.6 yrs

Peter Lariviere

TITLE
President of Cable Solutions
COMPENSATION
$1M
AGE
57
TENURE
4.6 yrs

Mark Lamps

TITLE
President of Mechanical Products & Solutions
COMPENSATION
$1M
AGE
53
TENURE
1.1 yrs

Lee Paree

TITLE
Vice President of Information Technology

John Deitzer

TITLE
Vice President of Investor Relations
TENURE
0.8 yrs

Lisa Winter

TITLE
Vice President of Corporate Communications
TENURE
7.4 yrs

Angel Lowe

TITLE
Vice President of Global Human Resources
AGE
48
TENURE
0.8 yrs

John Pregenzer

TITLE
President of Conduit & Fittings
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the Atkore International Group board of directors in years:

2.7
Average Tenure
61
Average Age
  • The average tenure for the Atkore International Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Schrock

TITLE
Independent Chairman of the Board
COMPENSATION
$256K
AGE
66
TENURE
1.7 yrs

Bill Waltz

TITLE
President
COMPENSATION
$6M
AGE
55
TENURE
1.5 yrs

A. Zeffiro

TITLE
Independent Director
COMPENSATION
$209K
AGE
53
TENURE
5.3 yrs

Jeri Isbell

TITLE
Independent Director
COMPENSATION
$204K
AGE
61
TENURE
4.3 yrs

Scott Muse

TITLE
Independent Director
COMPENSATION
$199K
AGE
62
TENURE
4.3 yrs

Bill VanArsdale

TITLE
Independent Director
COMPENSATION
$189K
AGE
67
TENURE
4.3 yrs

Wil James

TITLE
Independent Director
COMPENSATION
$189K
AGE
62
TENURE
2.7 yrs

Justin Kershaw

TITLE
Independent Director
COMPENSATION
$189K
AGE
58
TENURE
2.7 yrs

Betty Johnson

TITLE
Independent Director
COMPENSATION
$189K
AGE
61
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • Atkore International Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Mar 20 Sell Peter Lariviere Individual 04. Mar 20 04. Mar 20 -1,000 $37.74 $-37,745
18. Feb 20 Sell Peter Lariviere Individual 14. Feb 20 14. Feb 20 -6,000 $42.27 $-253,594
10. Dec 19 Sell Peter Lariviere Individual 09. Dec 19 09. Dec 19 -6,800 $41.96 $-285,295
X
Management checks
We assess Atkore International Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Atkore International Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Market Volatility Impact Atkore International Group Inc.'s (NYSE:ATKR) Share Price?

View our latest analysis for Atkore International Group What ATKR's beta value tells investors Given that it has a beta of 1.80, we can surmise that the Atkore International Group share price has been fairly sensitive to market volatility (over the last 5 years). … Beta is worth considering, but it's also important to consider whether Atkore International Group is growing earnings and revenue. … What this means for you: Since Atkore International Group has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

Are Insiders Buying Atkore International Group Inc. (NYSE:ATKR) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in Atkore International Group Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for Atkore International Group The Last 12 Months Of Insider Transactions At Atkore International Group Over the last year, we can see that the biggest insider purchase was by President William Waltz for US$100k worth of shares, at about US$20.34 per share. … NYSE:ATKR Recent Insider Trading, August 19th 2019 Does Atkore International Group Boast High Insider Ownership?

Simply Wall St -

Read This Before You Buy Atkore International Group Inc. (NYSE:ATKR) Because Of Its P/E Ratio

See our latest analysis for Atkore International Group How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Atkore International Group: P/E of 10.3 = $26.5 ÷ $2.57 (Based on the year to March 2019.) Is A High P/E Ratio Good? … The Verdict On Atkore International Group's P/E Ratio Atkore International Group trades on a P/E ratio of 10.3, which is below the US market average of 17.5.

Simply Wall St -

Estimating The Intrinsic Value Of Atkore International Group Inc. (NYSE:ATKR)

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $153.1m $150.0m $149.1m $149.6m $151.2m $153.6m $156.6m $160.0m $163.7m $167.7m Growth Rate Estimate Source Analyst x3 Analyst x1 Est @ -0.63% Est @ 0.38% Est @ 1.08% Est @ 1.58% Est @ 1.92% Est @ 2.17% Est @ 2.33% Est @ 2.45% Present Value ($, Millions) Discounted @ 12.22% $136.5 $119.1 $105.5 $94.3 $85.0 $76.9 $69.9 $63.6 $58.0 $53.0 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $861.8m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$168m × (1 + 2.7%) ÷ (12.2% – 2.7%) = US$1.8b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$1.8b ÷ ( 1 + 12.2%)10 = $573.35m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $1.44b. … NYSE:ATKR Intrinsic value, July 23rd 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Atkore International Group Inc. (NYSE:ATKR) Is Employing Capital Very Effectively

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Atkore International Group: 0.19 = US$206m ÷ (US$1.3b - US$253m) (Based on the trailing twelve months to March 2019.) Therefore, Atkore International Group has an ROCE of 19%. … See our latest analysis for Atkore International Group Is Atkore International Group's ROCE Good? … Do Atkore International Group's Current Liabilities Skew Its ROCE?

Simply Wall St -

Is Atkore International Group Inc.'s (NYSE:ATKR) ROE Of 78% Impressive?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Atkore International Group: 78% = US$119m ÷ US$158m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Atkore International Group Have A Good Return On Equity? … Combining Atkore International Group's Debt And Its 78% Return On Equity It seems that Atkore International Group uses a lot of debt to fund the business, since it has a high debt to equity ratio of 5.58.

Simply Wall St -

Is Atkore International Group Inc.'s (NYSE:ATKR) Growth Strong Enough To Justify Its June Share Price?

If you are bullish about Atkore International Group's growth potential then you are certainly not alone. … However, to properly examine the value of a high-growth stock such as Atkore International Group, we must reflect its earnings growth into the valuation. … A PE ratio of 9.61x and expected year-on-year earnings growth of 16% give Atkore International Group a very low PEG ratio of 0.60x.

Simply Wall St -

Investors Who Bought Atkore International Group (NYSE:ATKR) Shares A Year Ago Are Now Up 20%

Check out our latest analysis for Atkore International Group In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … During the last year Atkore International Group grew its earnings per share (EPS) by 33%. … You can find out about the insider purchases of Atkore International Group by clicking this link.

Simply Wall St -

Have Insiders Been Buying Atkore International Group Inc. (NYSE:ATKR) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Atkore International Group Inc. … Atkore International Group Insider Transactions Over The Last Year. … Happily, the Atkore International Group insider decided to buy shares at close to current prices

Simply Wall St -

Here's Why I Think Atkore International Group (NYSE:ATKR) Is An Interesting Stock

So if you're like me, you might be more interested in profitable, growing companies, like Atkore International Group (NYSE:ATKR). … Over the last three years, Atkore International Group has grown earnings per share (EPS) like bamboo after rain; fast, and from a low base. … Like the last firework on New Year's Eve accelerating into the sky, Atkore International Group's EPS shot from US$1.48 to US$2.80, over the last year.

Simply Wall St -

Company Info

Description

Atkore International Group Inc. manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. The company offers electrical raceway products, including electrical conduits and fittings, armored cables and fittings, and cable trays and mounting systems and fittings. It also provides MP&S products comprising metal framing and fittings, mechanical pipes, and barbed tapes, as well as construction services related to design, fabrication and installation, modular support structures, and fall protection. The company offers its products under the Allied Tube & Conduit, AFC Cable Systems, Heritage Plastics, Unistrut, Power-Strut, Cope, and Calpipe brands, as well as other sub-brands. It serves a group of end markets, including new construction; maintenance, repair, and remodel, as well as infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and government through electrical, industrial, and mechanical contractors, as well as original equipment manufacturers. The company was founded in 1959 and is headquartered in Harvey, Illinois.

Details
Name: Atkore International Group Inc.
ATKR
Exchange: NYSE
Founded: 1959
$846,168,996
47,484,231
Website: http://www.atkore.com
Address: Atkore International Group Inc.
16100 South Lathrop Avenue,
Harvey,
Illinois, 60426,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ATKR Common Stock New York Stock Exchange US USD 10. Jun 2016
DB AOA Common Stock Deutsche Boerse AG DE EUR 10. Jun 2016
BMV ATKR * Common Stock Bolsa Mexicana de Valores MX MXN 10. Jun 2016
Number of employees
Current staff
Staff numbers
3,432
Atkore International Group employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 08:26
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/02/04
Last earnings reported: 2019/12/27
Last annual earnings reported: 2019/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.