Company Valuation: Universal Stainless & Alloy Products, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 141.4 130.9 66.05 70.89 64.37 182.5
Change - -7.42% -49.56% 7.34% -9.2% 183.5%
Enterprise Value (EV) 1 184.5 195.8 116.8 140.7 161.3 267.9
Change - 6.11% -40.33% 20.45% 14.63% 66.12%
P/E 12.7x 31x -3.46x -88.2x -7.97x 37.9x
PBR 0.6x 0.54x 0.29x 0.31x 0.3x 0.82x
PEG - -0.5x 0x 0.9x -0x -0x
Capitalization / Revenue 0.55x 0.54x 0.37x 0.45x 0.32x 0.64x
EV / Revenue 0.72x 0.81x 0.65x 0.9x 0.8x 0.94x
EV / EBITDA 5.69x 8.19x 14x 12.6x 15.3x 8.07x
EV / EBIT 11.5x 26.8x -12.7x -22.8x -23.1x 19.5x
EV / FCF -8,386x -7.38x 4.25x -7.27x -12.7x 24.1x
FCF Yield -0.01% -13.5% 23.5% -13.8% -7.86% 4.15%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 1.28 0.48 -2.16 -0.09 -0.9 0.53
Distribution rate - - - - - -
Net sales 1 255.9 243 179.7 155.9 202.1 285.9
EBITDA 1 32.43 23.9 8.316 11.2 10.56 33.19
EBIT 1 16.07 7.291 -9.208 -6.172 -6.993 13.76
Net income 1 10.66 4.275 -19.05 -0.758 -8.073 4.91
Net Debt 1 43.05 64.82 50.75 69.79 96.9 85.41
Reference price 2 16.21 14.90 7.48 7.94 7.17 20.08
Nbr of stocks (in thousands) 8,725 8,788 8,830 8,929 8,978 9,088
Announcement Date 2/20/19 2/19/20 2/17/21 2/17/22 2/24/23 3/29/24
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 424M
20.4x1.79x9.7x0.56% 31.52B
10.7x0.42x4x5.28% 17.61B
29.76x2.33x13.18x0.22% 11.29B
77.37x6.35x35.83x0.38% 10.74B
9.72x - - - 9.76B
16.03x0.87x7.32x5.75% 9.51B
71.96x1.34x13.53x1.11% 9.04B
8.04x0.49x3.76x6.13% 8.2B
Average 30.50x 1.94x 12.48x 2.78% 12.01B
Weighted average by Cap. 27.51x 1.87x 11.57x 2.37%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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