Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
76.3 (1y: +53%)
Market Cap 2.54 B P/E(ttm) 9.30
Enterprise Value 3.28 B P/B
ATK- NYSE (USA)
Alliant Techsystems Inc
  • Currently 2.5/5
Business Predictability Rank: 2.5-Star (On Watch)
Back Testing Results:
Average gain of all 2.5-Star stocks: 7.3% per year.
% of Stocks that are in still loss if held for 10yrs: 18%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$76.30
Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt No Debt
ATK's Cash to Debt is ranked lower than
65% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.76 vs. ATK: No Debt )
ATK' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: No Debt
Interest Coverage 6.5
ATK's Interest Coverage is ranked lower than
76% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 26.35 vs. ATK: 6.5 )
ATK' s 10-Year Interest Coverage Range
Min: 3   Max: 7
Current: 6.5
3
7
F-Score: 7
Z-Score: 2.92
M-Score: -1.8
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 10.20
ATK's Operating margin (%) is ranked higher than
63% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.45 vs. ATK: 10.20 )
ATK' s 10-Year Operating margin (%) Range
Min: 8.2   Max: 12.7
Current: 10.2
8.2
12.7
Net-margin (%) 5.8
ATK's Net-margin (%) is ranked higher than
58% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.20 vs. ATK: 5.8 )
ATK' s 10-Year Net-margin (%) Range
Min: 3.4   Max: 6.9
Current: 5.8
3.4
6.9
Revenue Growth (%) -1
ATK's Revenue Growth (%) is ranked higher than
50% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 3.85 vs. ATK: -1 )
ATK' s 10-Year Revenue Growth (%) Range
Min: -1   Max: 15.1
Current: -1
-1
15.1
EBITDA Growth (%) -1
ATK's EBITDA Growth (%) is ranked higher than
76% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.60 vs. ATK: -1 )
ATK' s 10-Year EBITDA Growth (%) Range
Min: -1   Max: 21.6
Current: -1
-1
21.6
EPS Growth (%) -1.1
ATK's EPS Growth (%) is ranked higher than
81% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.75 vs. ATK: -1.1 )
ATK' s 10-Year EPS Growth (%) Range
Min: -1.1   Max: 19.6
Current: -1.1
-1.1
19.6
» ATK's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

ATK Guru Trades in Q2 2012

Jim Simons 128,600 sh (New)
Joel Greenblatt 87,924 sh (+32.5%)
David Dreman 663,131 sh (+13.5%)
Chuck Royce 9,300 sh (+12.05%)
HOTCHKIS & WILEY 1,149,239 sh (+9.6%)
Steven Cohen 15,638 sh (+9.47%)
Jean-Marie Eveillard 4,566,458 sh (+0.65%)
Jeremy Grantham Sold Out
Paul Tudor Jones 7,200 sh (-40.5%)
» More
Q3 2012

ATK Guru Trades in Q3 2012

Robert Rodriguez 52,400 sh (New)
Jeremy Grantham 8,700 sh (New)
First Pacific Advisors 112,200 sh (New)
Paul Tudor Jones 16,600 sh (+130.56%)
Jim Simons 171,883 sh (+33.66%)
Jean-Marie Eveillard 5,025,839 sh (+10.06%)
Chuck Royce 9,800 sh (+5.38%)
HOTCHKIS & WILEY 1,184,639 sh (+3.08%)
Steven Cohen 15,878 sh (+1.53%)
David Dreman 621,241 sh (-6.32%)
Joel Greenblatt 76,004 sh (-13.56%)
» More
Q4 2012

ATK Guru Trades in Q4 2012

First Pacific Advisors 119,200 sh (+6.24%)
Jean-Marie Eveillard 5,177,539 sh (+3.02%)
Robert Rodriguez 52,400 sh (unchged)
Jeremy Grantham 18,066 sh (unchged)
Jim Simons Sold Out
David Dreman 612,943 sh (-1.34%)
Chuck Royce 8,000 sh (-18.37%)
HOTCHKIS & WILEY 962,939 sh (-18.71%)
Paul Tudor Jones 12,300 sh (-25.9%)
Joel Greenblatt 55,393 sh (-27.12%)
Steven Cohen 11,400 sh (-28.2%)
» More
Q1 2013

ATK Guru Trades in Q1 2013

Joel Greenblatt 78,216 sh (+41.2%)
Paul Tudor Jones 14,500 sh (+17.89%)
Jean-Marie Eveillard 5,209,539 sh (+0.62%)
HOTCHKIS & WILEY 968,639 sh (+0.59%)
First Pacific Advisors 119,200 sh (unchged)
Robert Rodriguez 52,400 sh (unchged)
Steven Cohen Sold Out
David Dreman 602,376 sh (-1.72%)
Jeremy Grantham 17,146 sh (-5.09%)
Chuck Royce 7,200 sh (-10%)
» More
» Details

Insider Trades

Latest Guru Trades with ATK

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Add 41.2%0.08%$61.96 - $72.43 $ 76.315%78216
Joel Greenblatt 2012-12-31 Reduce -27.12%0.07%$51.19 - $63.52 $ 76.330%55393
Robert Rodriguez 2012-09-30 New Buy0.32%$44 - $52 $ 76.356%52400
Joel Greenblatt 2012-06-30 Add 32.5%0.08%$45.61 - $53.87 $ 76.352%87924
Joel Greenblatt 2012-03-31 Add 108.94%0.15%$50.14 - $62.61 $ 76.343%66360
Ray Dalio 2011-12-31 Sold Out 0.18%$53.49 - $63.09 $ 76.333%0
Joel Greenblatt 2011-12-31 Add 68.23%0.09%$53.49 - $63.09 $ 76.333%31760
Ray Dalio 2011-09-30 Add 549.81%0.15%$51.85 - $72.36 $ 76.323%222150
Joel Greenblatt 2011-06-30 New Buy0.17%$67.13 - $75.97 $ 76.38%16992
Jean-Marie Eveillard 2011-06-30 Add 14.37%0.17%$67.13 - $75.97 $ 76.38%4004133
David Dreman 2010-12-31 Add 15.39%0.11%$72.17 - $79.76 $ 76.31%523630
Ronald Muhlenkamp 2010-06-30 Sold Out 2.88%$62.75 - $83.4 $ 76.33%0
David Dreman 2010-06-30 Add 1108.38%0.67%$62.75 - $83.4 $ 76.33%449518
Jean-Marie Eveillard 2010-06-30 Add 41.1%0.42%$62.75 - $83.4 $ 76.33%3218996
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Alliant Techsystems Inc

FPA Capital Comments on Alliant Techsystems - Oct 31, 2012

Alliant Techsystems (ATK) is our newest holding. The company’s Aerospace Systems segment develops and produces rocket motor systems for human and cargo launch vehicles, conventional and strategic missiles, missile defense interceptors, and small and micro-satellites. In addition, it provides composites to military and civil airplane manufacturers. The company’s Defense segment develops and produces military small, medium, and large caliber ammunition. It also provides defense electronics systems, missile subsystems and components, and propulsion and controls systems. Last, in its sporting segment, ATK produces ammunition and sells accessories for local law enforcement departments and the sport hunting/sport enthusiast markets.

We purchased our initial position in ATK below $45, or less than 6x trailing-twelve-months earnings and 55% of revenues to enterprise value. We believe the risk:reward ratio is very attractive at our entry point. At time of writing this commentary, ATK had rallied above $55 or roughly 30% higher than our cost basis.

From FPA Capital’s third quarter commentary.


Check out Robert Rodriguez latest stock trades

Top Ranked Articles about Alliant Techsystems Inc

Bob Rodriguez’s Top 3 Undervalued Predictable Stocks
January 25, 2013
Robert Rodriguez - Bob Rodriguez’s Top 3 Undervalued Predictable Stocks
Guru Robert Rodriguez, who heads First Pacific Advisors’ FPA Capital Fund manages about $830 million through his 25-stock portfolio. Read more...
FPA Capital Comments on Alliant Techsystems
October 31, 2012
Alliant Techsystems (ATK) is our newest holding. The company’s Aerospace Systems segment develops and produces rocket motor systems for human and cargo launch vehicles, conventional and strategic missiles, missile defense interceptors, and small and micro-satellites. In addition, it provides composites to military and civil airplane manufacturers. The company’s Defense segment develops and produces military small, medium, and large caliber ammunition. It also provides defense electronics systems, missile subsystems and components, and propulsion and controls systems. Last, in its sporting segment, ATK produces ammunition and sells accessories for local law enforcement departments and the sport hunting/sport enthusiast markets. Read more...
FPA Capital Initiates Alliant Techsystems Position and Increases DeVry Position
October 18, 2012
Robert Rodriguez - FPA Capital Initiates Alliant Techsystems Position And Increases DeVry Position
FPA Capital is a fund at value-oriented investment company First Pacific Advisors. In the third quarter, only one new stock was added to its portfolio: Alliant Techsystems Inc. (ATK). Shares were also added to its DeVry (DV) holding and one stock was sold out, Amerigroup Corp. (AGP). Five others were reduced. FPA Capital’s portfolio contains 25 stocks, unchanged from the previous quarter, and is 44.2% weighted in the oil and gas industry. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 9.30
ATK's P/E(ttm) is ranked higher than
89% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.32 vs. ATK: 9.30 )
ATK' s 10-Year P/E(ttm) Range
Min: 5.71   Max: 38.38
Current: 9.3
5.71
38.38
P/S 0.60
ATK's P/S is ranked higher than
73% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.80 vs. ATK: 0.60 )
ATK' s 10-Year P/S Range
Min: 0.32   Max: 1.47
Current: 0.6
0.32
1.47
PFCF 14.10
ATK's PFCF is ranked higher than
76% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 19.10 vs. ATK: 14.10 )
ATK' s 10-Year PFCF Range
Min: 6.4   Max: 135.69
Current: 14.1
6.4
135.69
EV-to-EBIT 6.8
ATK's EV-to-EBIT is ranked higher than
94% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.49 vs. ATK: 6.8 )
ATK' s 10-Year EV-to-EBIT Range
Min: 4.8   Max: 17
Current: 6.8
4.8
17
PEG 1.9
ATK's PEG is ranked higher than
93% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.78 vs. ATK: 1.9 )
ATK' s 10-Year PEG Range
Min: 0.5   Max: 2.72
Current: 1.9
0.5
2.72
Shiller P/E 9.8
ATK's Shiller P/E is ranked higher than
83% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 15.60 vs. ATK: 9.8 )
ATK' s 10-Year Shiller P/E Range
Min: 6.04   Max: 26.63
Current: 9.8
6.04
26.63

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.20
ATK's Dividend Yield is ranked higher than
61% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.09 vs. ATK: 1.20 )
ATK' s 10-Year Dividend Yield Range
Min: 0.27   Max: 1.76
Current: 1.2
0.27
1.76
Dividend Payout 0.108
ATK's Dividend Payout is ranked higher than
97% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.42 vs. ATK: 0.108 )
ATK' s 10-Year Dividend Payout Range
Min: 0.02   Max: 0.11
Current: 0.11
0.02
0.11
Yield on cost (5-Year) 1.20
ATK's Yield on cost (5-Year) is ranked higher than
59% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.18 vs. ATK: 1.20 )
ATK' s 10-Year Yield on cost (5-Year) Range
Min: 0.27   Max: 1.76
Current: 1.2
0.27
1.76
Share Buyback Rate 0.6
ATK's Share Buyback Rate is ranked higher than
83% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: -0.80 vs. ATK: 0.6 )
ATK' s 10-Year Share Buyback Rate Range
Min: 3.1   Max: -5.3
Current: 0.6

Valuation & Return

vs
industry		 vs
history
Price/DCF (Projected) 0.7
ATK's Price/DCF (Projected) is ranked higher than
53% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.20 vs. ATK: 0.7 )
ATK' s 10-Year Price/DCF (Projected) Range
Min: 0.5   Max: 1.5
Current: 0.7
0.5
1.5
Price/Median PS Value 0.7
ATK's Price/Median PS Value is ranked lower than
64% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.85 vs. ATK: 0.7 )
ATK' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.5
Current: 0.7
0.4
1.5
Price/Peter Lynch Fair Value 1.8
ATK's Price/Peter Lynch Fair Value is ranked lower than
62% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.40 vs. ATK: 1.8 )
ATK' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.6   Max: 2.3
Current: 1.8
0.6
2.3
Earnings Yield (Greenblatt) 14.70
ATK's Earnings Yield (Greenblatt) is ranked higher than
96% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9.10 vs. ATK: 14.70 )
ATK' s 10-Year Earnings Yield (Greenblatt) Range
Min: 5.9   Max: 21
Current: 14.7
5.9
21
Forward Rate of Return (Yacktman) 10.73
ATK's Forward Rate of Return (Yacktman) is ranked higher than
70% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9.62 vs. ATK: 10.73 )
ATK' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 11.5   Max: 32.1
Current: 10.73
11.5
32.1

Business Description

Alliant Techsystems Inc. was incorporated in Delaware in 1990. It is an aerospace and defense company with operations in approximately 22 states, Puerto Rico, and internationally. The company is producer of military small-caliber ammunition for use in soldier-carried weapons such as automatic and semi-automatic rifles, and machine guns. The Company is also the producer of medium-caliber ammunition used by crew-served weapons on armored vehicles and aircraft. It is one of the largest producers of military large-caliber ammunition used by tanks. In addition, the Company is a producer of ammunition for the sport enthusiast and law enforcement markets. The Company is a manufacturer of solid rocket motors, supporting tactical, strategic, missile defense, and space launch applications. Its large solid rocket motors support NASA's current and planned human spaceflight programs, including the Space Launch Systems heavy-lift vehicle and the International Space Station Cargo Resupply Services. The Company produces other large solid rocket motors used to launch a wide variety of strategic missiles and launch vehicles for satellite insertions or deep-space scientific exploration, including the Trident II ('D5') and Minuteman III which provide strategic deterrence capability for the United States and its allies; Ground-based Missile Defense interceptors, SM-3 interceptors, and missile defense targets; and Graphite Epoxy Motors and Orion Motors for launch vehicles such as the Delta II, Delta IV, Minotaur, Taurus, and Antares. The Company also produces smaller solid rocket motors for tactical missiles such as the Hellfire and Maverick. The Company's three operating segments are: Aerospace Group, Defense Group, and Sporting Group. The Aerospace Group consists of the current aerospace structures, space systems operations, and structures and components businesses. The Defense Group consists of the former Armament Systems and Missile Products businesses. The Sporting Group consists of the current accessories and commercial ammunition businesses. The Company's sales come mainly from contracts with agencies of the U.S. Government and its prime contractors and subcontractors. The Company faces competition from a number of competitors in each business area. In Aerospace Systems its competitors include Aerojet-General Corporation; Kilgore Flares Company, LLC, Pratt & Whitney Rocketdyne, Inc. In Armament System its competitors include General Dynamics Corporation; BAE Systems; Raytheon Company, and various international producers of ammunition and guns. In Missile Products its competitors include Aerojet-General Corporation; General Dynamics Corporation; Lockheed Martin Corporation; Raytheon Company. In Security and sporting its competitors include Winchester Ammunition of Olin Corporation; Remington Arms; and various smaller manufacturers and importers, including Hornady, Black Hills Ammunition. The Company's operations are subject to a number of federa
Company Website
SEC Reports
Industry: Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON
Traded in other countries:AD9.Germany
» More Articles for ATK

Headlines

Articles On GuruFocus.com
The Best Yielding Ex-Dividend Stocks on March 1, 2013 Feb 28 2013 
Bob Rodriguez’s Top 3 Undervalued Predictable Stocks Jan 25 2013 
The 5 Best Stocks with Dividend Growth from Last Week (Oct. 29 to Nov. 4, 2012) Nov 04 2012 
FPA Capital Comments on Alliant Techsystems Oct 31 2012 
FPA Capital Fund Inc. Quarterly Commentary Oct 30 2012 
FPA Capital Initiates Alliant Techsystems Position and Increases DeVry Position Oct 18 2012 
Rodriguez Updates Portfolio, Reduces Foot Locker, Atwood Oceanics and Veco Instruments Oct 15 2012 
Whether There's Blood in the Streets or Not, Defense Stocks Play a Vital Role Jul 23 2011 
Alliant Techsystems Inc. Reports Operating Results (10-Q) Feb 09 2011 
Alliant Techsystems Inc. (ATK) Senior VP and CFO John L Shroyer sells 16,500 Shares Nov 10 2010 


Personalized Checklist





Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial