ATI Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $495M normalized FCF base (midpoint of ATI's guided 2026 adjusted FCF range of $465-525M); 9% annual FCF growth years 1-5; 4.5% years 6-10; 9% discount rate; 2.5% terminal growth; $1,409M net debt; 136.2M diluted shares outstanding.

Reasoning: ATI is a cyclical, capital-intensive specialty-metals/aerospace-defense supplier, so a multi-stage unlevered FCF DCF anchored to management's own guided FCF and 2023-2027 earnings targets is more defensible than a simple multiple; near-term growth reflects the current aerospace production upcycle, tapering in years 6-10 as that cycle normalizes.