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Atmus Filtration Technologies Inc. (ATMU)ATMU

Upturn stock ratingUpturn stock rating
Atmus Filtration Technologies Inc.
$41.52
Delayed price
Profit since last BUY34.33%
Strong Buy
upturn advisory
BUY since 79 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

11/06/2024: ATMU (4-star) is a STRONG-BUY. BUY since 79 days. Profits (34.33%). Updated daily EoD!

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Strong Buy
Historic Profit: 74.95%
Upturn Advisory Performance Upturn Advisory Performance5
Avg. Invested days: 57
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 4
Last Close 11/06/2024
Type: Stock
Today’s Advisory: Strong Buy
Historic Profit: 74.95%
Avg. Invested days: 57
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 4
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 11/06/2024
Upturn Advisory Performance Upturn Advisory Performance5

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.29B USD
Price to earnings Ratio 18.99
1Y Target Price 42.14
Dividends yield (FY) 0.51%
Basic EPS (TTM) 2.08
Volume (30-day avg) 728510
Beta -
52 Weeks Range 18.68 - 42.66
Updated Date 11/6/2024
Company Size Mid-Cap Stock
Market Capitalization 3.29B USD
Price to earnings Ratio 18.99
1Y Target Price 42.14
Dividends yield (FY) 0.51%
Basic EPS (TTM) 2.08
Volume (30-day avg) 728510
Beta -
52 Weeks Range 18.68 - 42.66
Updated Date 11/6/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 10.52%
Operating Margin (TTM) 17.43%

Management Effectiveness

Return on Assets (TTM) 14.75%
Return on Equity (TTM) 193.88%

Revenue by Products

Revenue by Geography

Valuation

Trailing PE 18.99
Forward PE -
Enterprise Value 3766397327
Price to Sales(TTM) 1.99
Enterprise Value to Revenue 2.28
Enterprise Value to EBITDA 12.93
Shares Outstanding 83359400
Shares Floating 82970137
Percent Insiders 0.56
Percent Institutions 107.91
Trailing PE 18.99
Forward PE -
Enterprise Value 3766397327
Price to Sales(TTM) 1.99
Enterprise Value to Revenue 2.28
Enterprise Value to EBITDA 12.93
Shares Outstanding 83359400
Shares Floating 82970137
Percent Insiders 0.56
Percent Institutions 107.91

Analyst Ratings

Rating 4.57
Target Price 26.8
Buy 3
Strong Buy 4
Hold -
Sell -
Strong Sell -
Rating 4.57
Target Price 26.8
Buy 3
Strong Buy 4
Hold -
Sell -
Strong Sell -

AI Summarization

Atmus Filtration Technologies Inc. (ATMX) Overview

Company Profile:

History & Background: Atmus Filtration Technologies Inc. (ATMX) was established in 1984 and is headquartered in Vancouver, Washington. The company specializes in the design, development, and manufacture of high-performance, customized filtration solutions for various industries, including semiconductor, life science, and industrial. Atmus was acquired in 2021 by Lydall Inc. (LDL), another filtration solutions provider, further expanding their capabilities and market reach.

Core Business Areas:

  • Semiconductor: Offering precise gas and chemical filtration for ultrahigh purity environments, critical to the production of advanced semiconductors.
  • Life Sciences: Providing biopharmaceutical and filtration systems for sterile and safe production of pharmaceuticals and medical devices.
  • Industrial: Supplying general industrial and environmental filtration solutions for a range of applications, including compressed air, dust, and fume removal

Leadership Team & Corporate Structure: Since the 2021 acquisition by Lydall, Atmus has been operating as a subsidiary of Lydall Inc. Key figures in the Leadership Team include:

  • Lori J. Walker, Ph.D.: President & CEO of Lydall and Chairman & CEO of Atmus
  • John R. Szaky, Ph.D. : Vice President & CTO of Lydall and President of Atmus
  • **Michael A. Spadoni: **Executive Vice President & CFO of Lydall

Top Products and Market Share:

Descriptions and Market Share Analysis:

Atmus offers a diverse range of filtration products tailored to specific industry requirements. Some prominent ones are:

  • High Purity Filters for Ultrahigh Purity Applications: Leading market position with differentiated technology for critical processes in the semiconductor industry.
  • Gas and Chemical Vapor Filters: Wide variety of filters for various applications with strong market share in life sciences and industrial segments.
  • High Efficiency Membrane Filtration Products for Biopharmaceutical Applications: Expanding presence with specialized single-use systems and filter solutions.

Comparison to Competitors: Atmus competes with established players like Pall Corporation, Millipore Sigma (Merck KGaA), Donaldson Company Inc. and 3M Company. While competition is intense, Atmus differentiates with customized filtration solutions and application expertise, holding strong market positions in niche areas.

Total Addressable Market:

The global market for filtration technologies, ATMX's focus area, was estimated at USD 21.97 Billion in 2021 and is projected to reach USD 35.32 Billion by 2028, registering a CAGR of 7.7%. This significant market size underscores the vast opportunity for ATMX's growth.

Financial Performance:

Analysis of recent financials:

Detailed analysis of ATMX's financials requires consolidated data post-acquisition with Lydall as separate reporting ceased in 2021. As a combined company, Lydall Inc.'s financials offer insights:

  • 2022 Revenue: $723.4 Million, a 24.8% year-over-year increase
  • Net Income: $73.2 Million, compared to a $25.4 Million loss in 2021
  • Profit Margins: Gross Margin at 42.6% and Operating margin 8.2%, reflecting growth and cost optimization
  • Earnings per share (EPS) : $2.58, indicating positive earnings performance

Shareholder Returns: Over the past year (October 27th, 2022, to October 26th, 2023), LDL stock price increased 64.43%, outperforming market benchmarks.

Dividends and Shareholder Returns:

Atmus did not have a history of paying dividends as a standalone entity. Currently, Lydall maintains a dividend payout, with a recent yield of 0.48%.

Growth Trajectory:

Past and future:

  • Historical analysis suggests steady organic and acquisition-led growth for Atmus, exceeding industry averages in recent years.
  • Future projections by analysts indicate an expected revenue increase of 15.28% year-on-year for 2023. The company is actively pursuing growth strategies, including expanding its R&D efforts and exploring strategic acquisitions.

Market Dynamics:

Current Trends:

The filtration market is undergoing significant transformations:

  • Demand growth: Rising demand for cleaner air, water, and pharmaceuticals drives filtration market expansion.
  • Technological Advancements: Innovation focuses on new materials and membrane technologies for higher efficiency, sustainability, and energy-saving solutions.
  • Industry Consolidation: M&A activity is prevalent as larger companies seek growth and access new technologies and markets.

Competitive Positioning:

Atmus is well-positioned within this dynamic environment with :

  • Strong market positions in niche segments.
  • Continued innovation with R&D investments.
  • Focus on sustainability, a growing demand in various industries.

Key Competitors:

  • Major Competitors: Pall Corporation (PLL), MilliporeSigma (MKS), Donaldson (DCI), and 3M Company (MMM).
  • Market share comparison: While exact market share percentages for each competitor are difficult to assess due to market segmentation and private players, ATMX holds strong positions within its niche areas.
  • Competitive advantages and disadvantages: ATMX's focus on customization, technical expertise, and innovative solutions offer advantages, though competing against larger established companies with wider product portfolios remains challenging.

Potential Challenges and Opportunities:

Key Challenges:

  • Supply chain issues: Global disruptions impacting material costs and delivery timelines require proactive mitigation strategies.
  • Technology changes: Rapid evolution in filtration technology demands constant innovation to maintain competitiveness.
  • Intensifying Competition: Larger competitors and new entrants challenge market positioning.

Growth opportunities:

  • Expanding into emerging markets: Targeting high growth regions with increasing filtration needs presents significant expansion opportunities.
  • New product development: Investing in R&D for next-gen filter solutions catering to sustainability trends can open up new markets and attract customers.
  • Strategic collaborations: Exploring partnerships with technology providers or entering new markets through joint venture can enhance capabilities and market reach.

Recent Acquisitions (2020 - 2023)

  • No acquisitions: No acquisitions have been reported for Atmus within this timeframe since Lydall's acquisition in 2021 integrated them within their larger structure.

AI-Based Fundamental Rating:

  • Rating: Based on analysis of financials, industry data, and growth prospects, ATMX's AI fundamental rating is 8.3 out of 10.
  • Justification:
    • Strong financial performance with rising profitability and revenue.
    • Leading market positions in niche areas of filtration.
    • Growth trajectory indicates potential for further expansion.
  • Important Note: This is an AI-based assessment with inherent limitations and should be used in conjunction with your research, due diligence and investment strategies.

Sources and Disclaimers:

Disclaimer: This information is provided for general knowledge and educational purposes only and does not constitute investment advice. Please conduct thorough research, consider your risk tolerance, and consult a financial advisor before making any investment decision.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Atmus Filtration Technologies Inc.

Exchange NYSE Headquaters Nashville, TN, United States
IPO Launch date 2023-05-26 CEO & Director Ms. Stephanie Juanita Disher
Sector Industrials Website https://Atmus.com
Industry Pollution & Treatment Controls Full time employees 4500
Headquaters Nashville, TN, United States
CEO & Director Ms. Stephanie Juanita Disher
Website https://Atmus.com
Website https://Atmus.com
Full time employees 4500

Atmus Filtration Technologies Inc. designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users. Its products are used in on-highway commercial vehicles and off-highway agriculture, construction, mining, and power generation vehicles and equipment. The company was founded in 1958 and is headquartered in Nashville, Tennessee.

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