Carpenter Technology Corporation

AI-generated fair value estimate for this company.

Method: 10-year 2-stage DCF: $529.6M FY2026 net income base (record year); 10% annual growth years 1-5 (aerospace specialty-alloy demand supercycle); 5% years 6-10; 9% discount rate; 3% terminal growth; -$334.2M net debt ($393.3M cash less $727.5M debt); 49.56M shares outstanding.

Reasoning: Carpenter Technology is benefiting from an aerospace-driven specialty-metals upcycle with record earnings and cash flow, but its current ~37x trailing P/E already prices in substantial further growth; a disciplined discount rate and fading growth schedule suggest the shares are pricing in more sustained supercycle strength than a conservative DCF supports.