Atmus Filtration Current Valuation vs. Shares Outstanding

ATMU Stock   38.69  0.58  1.48%   
Considering Atmus Filtration's profitability and operating efficiency indicators, Atmus Filtration Technologies is yielding more profit at this time then in previous quarter. It has a moderate probability of reporting better profitability numbers in January. Profitability indicators assess Atmus Filtration's ability to earn profits and add value for shareholders. Price To Sales Ratio is likely to gain to 1.40 in 2024. Days Sales Outstanding is likely to gain to 62.15 in 2024. At this time, Atmus Filtration's Net Income is comparatively stable compared to the past year. Income Quality is likely to gain to 1.35 in 2024, whereas Income Before Tax is likely to drop slightly above 217.4 M in 2024.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.20.2724
Way Down
Pretty Stable
Net Profit Margin0.120.1052
Fairly Up
Slightly volatile
Operating Profit Margin0.110.1526
Way Down
Slightly volatile
Pretax Profit Margin0.150.1391
Significantly Up
Very volatile
Return On Assets0.190.1574
Fairly Up
Pretty Stable
Return On Equity2.232.1227
Sufficiently Up
Slightly volatile
For Atmus Filtration profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Atmus Filtration to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Atmus Filtration Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Atmus Filtration's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Atmus Filtration Technologies over time as well as its relative position and ranking within its peers.
  

Atmus Filtration's Revenue Breakdown by Earning Segment

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Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atmus Filtration. If investors know Atmus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atmus Filtration listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.156
Dividend Share
0.05
Earnings Share
2.15
Revenue Per Share
19.959
Quarterly Revenue Growth
0.019
The market value of Atmus Filtration Tec is measured differently than its book value, which is the value of Atmus that is recorded on the company's balance sheet. Investors also form their own opinion of Atmus Filtration's value that differs from its market value or its book value, called intrinsic value, which is Atmus Filtration's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atmus Filtration's market value can be influenced by many factors that don't directly affect Atmus Filtration's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atmus Filtration's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atmus Filtration is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atmus Filtration's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Atmus Filtration Tec Shares Outstanding vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Atmus Filtration's current stock value. Our valuation model uses many indicators to compare Atmus Filtration value to that of its competitors to determine the firm's financial worth.
JavaScript chart by amCharts 3.21.15ORGNTBVPYAXTASEEWHTGFSCLATMU 0200M400M600M800M1B1.2B1.4B 05B10B15B
Atmus Filtration Technologies is the top company in current valuation category among its peers. It also is number one stock in shares outstanding category among its peers creating about  0.02  of Shares Outstanding per Current Valuation. The ratio of Current Valuation to Shares Outstanding for Atmus Filtration Technologies is roughly  43.98 . Common Stock Shares Outstanding is likely to gain to about 91.7 M in 2024. Comparative valuation analysis is a catch-all technique that is used if you cannot value Atmus Filtration by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Atmus Current Valuation vs. Competition

Atmus Filtration Technologies is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is presently estimated at about 42.69 Billion. Atmus Filtration holds roughly 3.65 Billion in current valuation claiming about 9% of equities under Industrials industry.
JavaScript chart by amCharts 3.21.15OthersSEEAXTATBVPYORGNATMU

Atmus Shares Outstanding vs. Current Valuation

Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Atmus Filtration

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
3.65 B
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Atmus Filtration

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
83.1 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Atmus Shares Outstanding Comparison

83.1M146.3M251.2M1.3B100%
Atmus Filtration is currently under evaluation in shares outstanding category among its peers.

Atmus Filtration Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Atmus Filtration, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Atmus Filtration will eventually generate negative long term returns. The profitability progress is the general direction of Atmus Filtration's change in net profit over the period of time. It can combine multiple indicators of Atmus Filtration, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-56.2 M-59 M
Operating Income248.4 M222.1 M
Income Before Tax226.4 M217.4 M
Total Other Income Expense Net-22 M-20.9 M
Net Income Applicable To Common Shares195.6 M174.9 M
Net Income171.3 M177.6 M
Income Tax Expense55.1 M49 M
Net Interest Income-25.8 M-27.1 M
Net Income From Continuing Ops171.3 M168.7 M
Change To Netincome-12.8 M-13.4 M
Net Income Per Share 2.06  1.47 
Income Quality 1.10  1.35 
Net Income Per E B T 0.76  0.86 

Atmus Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Atmus Filtration. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Atmus Filtration position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Atmus Filtration's important profitability drivers and their relationship over time.

Use Atmus Filtration in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Atmus Filtration position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Atmus Filtration will appreciate offsetting losses from the drop in the long position's value.

Atmus Filtration Pair Trading

Atmus Filtration Technologies Pair Trading Analysis

The ability to find closely correlated positions to Atmus Filtration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atmus Filtration when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Atmus Filtration - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Atmus Filtration Technologies to buy it.
The correlation of Atmus Filtration is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atmus Filtration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atmus Filtration Tec moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Atmus Filtration can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Atmus Filtration position

In addition to having Atmus Filtration in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

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Healthcare
Healthcare Theme
Companies that provide healthcare goods and services including hospitals, health maintenance organizations, HMOs, or medical aid manufacturers. The Healthcare theme has 20 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Healthcare Theme or any other thematic opportunities.
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Additional Tools for Atmus Stock Analysis

When running Atmus Filtration's price analysis, check to measure Atmus Filtration's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atmus Filtration is operating at the current time. Most of Atmus Filtration's value examination focuses on studying past and present price action to predict the probability of Atmus Filtration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atmus Filtration's price. Additionally, you may evaluate how the addition of Atmus Filtration to your portfolios can decrease your overall portfolio volatility.