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32.94 (1y: -22%)
Market Cap 226.3 M P/E(ttm) 28.40
Enterprise Value 328.72 M P/B 1.10
USAP- NAS (USA)
Universal Stainless & Alloy Products
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$32.94
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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 0.003
USAP's Cash to Debt is ranked lower than
89% of the 270 Companies
in the Global Steel industry.

( Industry Median: 1.00 vs. USAP: 0.003 )
USAP' s 10-Year Cash to Debt Range
Min: 0   Max: 7.45
Current: 0
0
7.45
Equity to Asset 0.473
USAP's Equity to Asset is ranked higher than
52% of the 270 Companies
in the Global Steel industry.

( Industry Median: 0.44 vs. USAP: 0.473 )
USAP' s 10-Year Equity to Asset Range
Min: 0.44   Max: 0.8
Current: 0.47
0.44
0.8
Interest Coverage 9
USAP's Interest Coverage is ranked lower than
58% of the 270 Companies
in the Global Steel industry.

( Industry Median: 10000.00 vs. USAP: 9 )
USAP' s 10-Year Interest Coverage Range
Min: 5   Max: 222
Current: 9
5
222
F-Score: 5
Z-Score: 2.4
M-Score: -2.92
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 (%) 9.30
USAP's Operating margin (%) is ranked higher than
85% of the 270 Companies
in the Global Steel industry.

( Industry Median: 2.10 vs. USAP: 9.30 )
USAP' s 10-Year Operating margin (%) Range
Min: -3.7   Max: 15.9
Current: 9.3
-3.7
15.9
Net-margin (%) 5.8
USAP's Net-margin (%) is ranked higher than
79% of the 270 Companies
in the Global Steel industry.

( Industry Median: 1.25 vs. USAP: 5.8 )
USAP' s 10-Year Net-margin (%) Range
Min: -2.4   Max: 10.1
Current: 5.8
-2.4
10.1
ROE (%) 7.4
USAP's ROE (%) is ranked higher than
71% of the 270 Companies
in the Global Steel industry.

( Industry Median: 2.80 vs. USAP: 7.4 )
USAP' s 10-Year ROE (%) Range
Min: -2.4   Max: 19.7
Current: 7.4
-2.4
19.7
ROA (%) 3.9
USAP's ROA (%) is ranked higher than
70% of the 270 Companies
in the Global Steel industry.

( Industry Median: 1.60 vs. USAP: 3.9 )
USAP' s 10-Year ROA (%) Range
Min: -1.7   Max: 13.7
Current: 3.9
-1.7
13.7
ROC (Joel Greenblatt) (%) 6.90
USAP's ROC (Joel Greenblatt) (%) is ranked higher than
63% of the 270 Companies
in the Global Steel industry.

( Industry Median: 3.60 vs. USAP: 6.90 )
USAP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -3.6   Max: 25.7
Current: 6.9
-3.6
25.7
Revenue Growth (%) 16.2
USAP's Revenue Growth (%) is ranked higher than
89% of the 270 Companies
in the Global Steel industry.

( Industry Median: -2.40 vs. USAP: 16.2 )
USAP' s 10-Year Revenue Growth (%) Range
Min: -12   Max: 29.5
Current: 16.2
-12
29.5
EBITDA Growth (%) 256.2
USAP's EBITDA Growth (%) is ranked higher than
96% of the 270 Companies
in the Global Steel industry.

( Industry Median: -7.75 vs. USAP: 256.2 )
USAP' s 10-Year EBITDA Growth (%) Range
Min: -72.7   Max: 256.2
Current: 256.2
-72.7
256.2
» USAP's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

USAP Guru Trades in Q2 2012

Alan Fournier 1,025,000 sh (unchged)
John Keeley Sold Out
Scott Black Sold Out
Chuck Royce 633,708 sh (-10.97%)
» More
Q3 2012

USAP Guru Trades in Q3 2012

Alan Fournier 1,052,668 sh (+2.7%)
Chuck Royce 567,208 sh (-10.49%)
» More
Q4 2012

USAP Guru Trades in Q4 2012

Chuck Royce 569,908 sh (+0.48%)
Alan Fournier 1,052,668 sh (unchged)
» More
Q1 2013

USAP Guru Trades in Q1 2013

Alan Fournier 1,126,021 sh (+6.97%)
Chuck Royce 569,908 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with USAP

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2012-06-30 Sold Out 0.25%$35.93 - $47.51 $ 32.62-23%0
Scott Black 2012-06-30 Sold Out 0.1%$35.93 - $47.51 $ 32.62-23%0
John Keeley 2012-03-31 Reduce -42.55%0.17%$33.48 - $44.75 $ 32.62-11%295000
John Keeley 2011-12-31 Reduce -23.3%0.09%$23.79 - $41.46 $ 32.62-8%513500
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Universal Stainless & Alloy Products

Pennant Capital’s Fournier - Adds Again, USAP Down 20%
April 5, 2013
It appears that Guru Alan Fournier, Pennant Capital Management, has faith in stainless steel as the metal of today and the future, despite raw steel production in the U.S. being down 8.2% compared to a year ago. What’s not to love about the corrosion-fighting, heat-tolerant metal? Stainless steel is strong, beautiful, reflective and recyclable. Read more...
Alan Fournier - Tenth Add of USAP in First Quarter
March 29, 2013
Alan Fournier - Alan Fournier - Tenth Add Of USAP In First Quarter
As of March 28, 2013, fund manager Guru Alan Fournier, Pennant Capital Management, made his tenth add of Universal Stainless & Alloy Products (USAP) stock in 2013, increasing his position by 0.84%, for a total of 1,126,021 shares. Ownership is filed as Pennant Capital Management and the Broadway Gate Master Fund Ltd. The current share price is $36.35, up 1%. Read more...
Alan Fournier - Steeled Again on USAP
March 12, 2013
Yesterday Alan Fournier, fund manager of Pennant Capital Management, made his fifth purchase of Universal Stainless & Alloy Products (USAP) stock in 2013, adding another 0.82% of USAP at $35.85. The current price of USAP is $36.69. Fournier now owns 1,112,768 shares of USAP. The stock price has gone up 33 cents per share since Fournier’s last add on March 6, 2013. USAP manufactures specialty steel products, including stainless steel, tool steel and other alloyed steels. According to SEC filings, Fournier’s hedge fund Pennant Capital is 10% owner of USAP. Here’s Alan Fournier’s Holding History of USAP. Read more...
Alan Fournier - Steely on Steel with USAP
March 7, 2013
Alan Fournier - Alan Fournier - Steely On Steel With USAP
On March 6, 2013, Alan Fournier, fund manager of Pennant Capital Management, made his seventh add of Universal Stainless & Alloy Products (USAP) stock in a string of adds this year. With this latest increase of 0.76%, Fournier owns 1,103,668 USAP shares at the average price of $36.15. USAP's stock price continues to fluctuate slightly since its drop on Jan. 28, 2013 to $32.78. Read more...
Alan Fournier - Full Sail with USAP
February 19, 2013
Alan Fournier - Alan Fournier - Full Sail With USAP
On Feb. 15, 2013, Alan Fournier, fund manager of Pennant Capital Management, made his third purchase of USAP stock in 2013 so far, acquiring 20,500 shares of Universal Stainless & Alloy Products (USAP) at the average price of $36.09, as reported in the latest Real Time Picks. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 28.10
USAP's P/E(ttm) is ranked higher than
79% of the 270 Companies
in the Global Steel industry.

( Industry Median: 21.10 vs. USAP: 28.10 )
USAP' s 10-Year P/E(ttm) Range
Min: 3.63   Max: 108.8
Current: 28.1
3.63
108.8
P/B 1.10
USAP's P/B is ranked lower than
59% of the 270 Companies
in the Global Steel industry.

( Industry Median: 1.02 vs. USAP: 1.10 )
USAP' s 10-Year P/B Range
Min: 0.4   Max: 3.26
Current: 1.1
0.4
3.26
P/S 1.06
USAP's P/S is ranked lower than
84% of the 270 Companies
in the Global Steel industry.

( Industry Median: 0.36 vs. USAP: 1.06 )
USAP' s 10-Year P/S Range
Min: 0.26   Max: 1.66
Current: 1.06
0.26
1.66
EV-to-EBIT 23.8
USAP's EV-to-EBIT is ranked higher than
82% of the 270 Companies
in the Global Steel industry.

( Industry Median: 14.75 vs. USAP: 23.8 )
USAP' s 10-Year EV-to-EBIT Range
Min: 2.2   Max: 36.4
Current: 23.8
2.2
36.4
PEG 0.4
USAP's PEG is ranked lower than
74% of the 270 Companies
in the Global Steel industry.

( Industry Median: 1.57 vs. USAP: 0.4 )
USAP' s 10-Year PEG Range
Min: 0.05   Max: 34.11
Current: 0.4
0.05
34.11
Shiller P/E 17.6
USAP's Shiller P/E is ranked higher than
93% of the 270 Companies
in the Global Steel industry.

( Industry Median: 13.03 vs. USAP: 17.6 )
USAP' s 10-Year Shiller P/E Range
Min: 4.47   Max: 38.75
Current: 17.6
4.47
38.75

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 5.2
USAP's Price/Net Current Asset Value is ranked higher than
93% of the 270 Companies
in the Global Steel industry.

( Industry Median: 2.10 vs. USAP: 5.2 )
USAP' s 10-Year Price/Net Current Asset Value Range
Min: 1.9   Max: 6.3
Current: 5.2
1.9
6.3
Price/Tangible Book 1.3
USAP's Price/Tangible Book is ranked higher than
84% of the 270 Companies
in the Global Steel industry.

( Industry Median: 1.10 vs. USAP: 1.3 )
USAP' s 10-Year Price/Tangible Book Range
Min: 0.6   Max: 2.1
Current: 1.3
0.6
2.1
Price/DCF (Projected) 1.2
USAP's Price/DCF (Projected) is ranked higher than
97% of the 270 Companies
in the Global Steel industry.

( Industry Median: 0.70 vs. USAP: 1.2 )
USAP' s 10-Year Price/DCF (Projected) Range
Min: 0.7   Max: 4
Current: 1.2
0.7
4
Price/Median PS Value 1.3
USAP's Price/Median PS Value is ranked higher than
91% of the 270 Companies
in the Global Steel industry.

( Industry Median: 0.80 vs. USAP: 1.3 )
USAP' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.4
Current: 1.3
0.5
1.4
Price/Graham Number 1
USAP's Price/Graham Number is ranked higher than
88% of the 270 Companies
in the Global Steel industry.

( Industry Median: 1.00 vs. USAP: 1 )
USAP' s 10-Year Price/Graham Number Range
Min: 0.5   Max: 1.1
Current: 1
0.5
1.1
Earnings Yield (Greenblatt) 4.20
USAP's Earnings Yield (Greenblatt) is ranked higher than
86% of the 270 Companies
in the Global Steel industry.

( Industry Median: 7.65 vs. USAP: 4.20 )
USAP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.8   Max: 45.8
Current: 4.2
2.8
45.8
Forward Rate of Return (Yacktman) 0.98
USAP's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 270 Companies
in the Global Steel industry.

( Industry Median: 3.83 vs. USAP: 0.98 )
USAP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -30.5   Max: 128.7
Current: 0.98
-30.5
128.7

Business Description

Universal Stainless & Alloy Products is a Delaware corporation incorporated in 1994. It manufactures and markets semi-finished and finished specialty steel products, including stainless steel, tool steel and certain other alloyed steels. The Company's manufacturing process involves melting, remelting, heat treating, hot and cold rolling, machining and cold drawing of semi-finished and finished specialty steels. The Company's products are sold to rerollers, forgers, service centers, original equipment manufacturers and wire redrawers. The Company's customers further process its products for use in a variety of industries, including the aerospace, power generation, petrochemical and heavy equipment manufacturing industries. Universal also performs conversion services on materials supplied by customers that lack certain of its production facilities or that are subject to their own capacity constraints. The Company's products are manufactured in a wide variety of grades and melt qualities including argon oxygen decarburization quality, electro-slag remelted quality, vacuum induction melting quality and vacuum-arc remelted quality. At its Bridgeville facility, the Company produces specialty steel products in the form of long products and flat rolled products. The semi-finished long products are mainly used by the Company's Dunkirk facility and certain customers to produce finished bar, rod and wire products, and the semi-finished flat rolled products are used by customers to produce light-gauge plate, sheet and strip products. The finished bar products manufactured by the Company are used by OEMs and by service center customers for distribution to a variety of end users. The Company also produces customized shapes mainly for OEMs that are cold rolled from purchased coiled strip, flat bar or extruded bar at its Precision Rolled Products department, located at its Titusville facility. The Company is subject to federal, state and local environmental laws and regulations including those governing discharges of pollutants into the air and water, and the generation, handling and disposal of hazardous and non-hazardous substances.
Company Website
SEC Reports
Industry: Steel
Compare:TS, NSSMY, SID, PKX, GGB
» More Articles for USAP

Headlines

Articles On GuruFocus.com
Pennant Capital’s Fournier - Adds Again, USAP Down 20% Apr 05 2013 
Alan Fournier - Tenth Add of USAP in First Quarter Mar 29 2013 
Alan Fournier - Steeled Again on USAP Mar 12 2013 
Alan Fournier - Steely on Steel with USAP Mar 07 2013 
Alan Fournier — Full Sail Ahead with USAP Feb 19 2013 
Universal Stainless: Valuations Not as Attractive as Miss Universe Jan 28 2013 
Universal Stainless & Alloy Products Inc Reports Operating Results (10-K) Mar 03 2011 
Universal Stainless & Alloy Products Inc Reports Operating Results (10-Q) Nov 09 2010 
Universal Stainless & Alloy Products Inc Reports Operating Results (10-Q) May 07 2010 
Universal Stainless & Alloy Products Inc Reports Operating Results (10-Q) Nov 09 2009 

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