Allegheny Research Development vs Net Income Analysis

ATI Stock

USD 58.16 0.14 0.24%

Allegheny Technologies financial indicator trend analysis is way more than just evaluating Allegheny Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allegheny Technologies is a good investment. Please check the relationship between Allegheny Technologies Research Development and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Research Development vs Net Income

Research Development vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allegheny Technologies Research Development account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Allegheny Technologies' Research Development and Net Income is 0.46. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Net Income in the same time period over historical financial statements of Allegheny Technologies Incorporated, assuming nothing else is changed. The correlation between historical values of Allegheny Technologies' Research Development and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Allegheny Technologies Incorporated are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Research Development i.e., Allegheny Technologies' Research Development and Net Income go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Research Development

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Allegheny Technologies financial statement analysis. It represents the amount of money remaining after all of Allegheny Technologies Incorporated operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Allegheny Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allegheny Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

As of now, Allegheny Technologies' Tax Provision is increasing as compared to previous years. The Allegheny Technologies' current Enterprise Value is estimated to increase to about 2.4 B, while Selling General Administrative is projected to decrease to under 182.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	333.2M	714.2M	802.6M	460.2M
Total Revenue	2.8B	3.8B	7.5B	4.1B

Gross Profit Total Revenue

Allegheny Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Term Debt
Total Assets		0.48	-0.14	0.64	0.9	0.93	0.46	0.81	0.65	0.19	0.93	-0.53	0.19	0.26	0.89	-0.7	0.01	0.73	0.9	0.24	0.19	0.83	0.58	0.68	-0.71	0.23
Short Long Term Debt Total	0.48		-0.44	0.61	0.11	0.37	0.74	0.01	0.43	0.63	0.26	-0.54	0.63	0.14	0.16	-0.54	0.48	0.74	0.57	-0.34	0.69	0.82	0.4	0.71	-0.45	0.29
Other Current Liab	-0.14	-0.44		-0.57	-0.03	-0.03	0.15	0.09	-0.08	-0.82	0.04	0.24	-0.82	0.15	0.13	0.08	-0.24	-0.08	0.01	0.39	-0.32	-0.25	-0.04	-0.44	0.07	-0.8
Total Current Liabilities	0.64	0.61	-0.57		0.54	0.37	0.15	0.32	0.74	0.73	0.35	-0.5	0.73	0.52	0.31	-0.38	0.32	0.31	0.62	0.22	0.24	0.57	0.37	0.91	-0.33	0.58
Total Stockholder Equity	0.9	0.11	-0.03	0.54		0.84	0.15	0.89	0.58	0.0	0.9	-0.27	0.0	0.34	0.9	-0.53	-0.2	0.4	0.73	0.45	-0.16	0.51	0.54	0.5	-0.55	0.22
Property Plant And Equipment Net	0.93	0.37	-0.03	0.37	0.84		0.53	0.82	0.46	-0.07	0.98	-0.5	-0.07	0.0	0.92	-0.65	-0.12	0.77	0.77	0.15	0.18	0.77	0.54	0.4	-0.69	0.11
Net Debt	0.46	0.74	0.15	0.15	0.15	0.53		0.16	0.29	-0.05	0.44	-0.44	-0.05	0.05	0.37	-0.52	0.22	0.78	0.56	-0.24	0.52	0.72	0.41	0.27	-0.46	-0.18
Retained Earnings	0.81	0.01	0.09	0.32	0.89	0.82	0.16		0.36	-0.17	0.89	-0.21	-0.17	0.13	0.93	-0.3	-0.37	0.43	0.63	0.41	-0.2	0.47	0.18	0.29	-0.37	0.17
Accounts Payable	0.65	0.43	-0.08	0.74	0.58	0.46	0.29	0.36		0.3	0.43	-0.41	0.3	0.75	0.37	-0.36	0.56	0.36	0.78	0.33	0.41	0.54	0.42	0.8	-0.31	-0.08
Cash	0.19	0.63	-0.82	0.73	0.0	-0.07	-0.05	-0.17	0.3		-0.12	-0.29	1.0	0.14	-0.18	-0.21	0.47	0.2	0.21	-0.23	0.44	0.39	0.12	0.74	-0.14	0.63
Non Current Assets Total	0.93	0.26	0.04	0.35	0.9	0.98	0.44	0.89	0.43	-0.12		-0.42	-0.12	0.05	0.97	-0.63	-0.22	0.69	0.75	0.25	0.02	0.7	0.53	0.37	-0.67	0.12
Non Currrent Assets Other	-0.53	-0.54	0.24	-0.5	-0.27	-0.5	-0.44	-0.21	-0.41	-0.29	-0.42		-0.29	0.05	-0.35	0.55	-0.15	-0.65	-0.61	0.03	-0.44	-0.71	-0.25	-0.5	0.6	-0.22
Cash And Short Term Investments	0.19	0.63	-0.82	0.73	0.0	-0.07	-0.05	-0.17	0.3	1.0	-0.12	-0.29		0.14	-0.18	-0.21	0.47	0.2	0.21	-0.23	0.44	0.39	0.12	0.74	-0.14	0.63
Net Receivables	0.26	0.14	0.15	0.52	0.34	0.0	0.05	0.13	0.75	0.14	0.05	0.05	0.14		0.11	-0.06	0.39	-0.12	0.41	0.47	0.04	0.06	0.22	0.55	0.02	-0.14
Good Will	0.89	0.16	0.13	0.31	0.9	0.92	0.37	0.93	0.37	-0.18	0.97	-0.35	-0.18	0.11		-0.59	-0.34	0.61	0.72	0.34	-0.12	0.62	0.44	0.33	-0.65	0.13
Common Stock Total Equity	-0.7	-0.54	0.08	-0.38	-0.53	-0.65	-0.52	-0.3	-0.36	-0.21	-0.63	0.55	-0.21	-0.06	-0.59		-0.08	-0.71	-0.7	0.07	-0.21	-0.73	-0.8	-0.53	0.98	-0.11
Common Stock Shares Outstanding	0.01	0.48	-0.24	0.32	-0.2	-0.12	0.22	-0.37	0.56	0.47	-0.22	-0.15	0.47	0.39	-0.34	-0.08		0.21	0.23	-0.29	0.77	0.28	0.14	0.48	0.0	-0.26
Non Current Liabilities Total	0.73	0.74	-0.08	0.31	0.4	0.77	0.78	0.43	0.36	0.2	0.69	-0.65	0.2	-0.12	0.61	-0.71	0.21		0.75	-0.2	0.6	0.96	0.41	0.5	-0.71	0.0
Inventory	0.9	0.57	0.01	0.62	0.73	0.77	0.56	0.63	0.78	0.21	0.75	-0.61	0.21	0.41	0.72	-0.7	0.23	0.75		0.15	0.36	0.84	0.53	0.77	-0.68	-0.02
Other Current Assets	0.24	-0.34	0.39	0.22	0.45	0.15	-0.24	0.41	0.33	-0.23	0.25	0.03	-0.23	0.47	0.34	0.07	-0.29	-0.2	0.15		-0.46	-0.11	0.08	0.1	0.06	-0.06
Other Stockholder Equity	0.19	0.69	-0.32	0.24	-0.16	0.18	0.52	-0.2	0.41	0.44	0.02	-0.44	0.44	0.04	-0.12	-0.21	0.77	0.6	0.36	-0.46		0.59	0.08	0.44	-0.17	-0.16
Total Liab	0.83	0.82	-0.25	0.57	0.51	0.77	0.72	0.47	0.54	0.39	0.7	-0.71	0.39	0.06	0.62	-0.73	0.28	0.96	0.84	-0.11	0.59		0.47	0.71	-0.71	0.18
Property Plant And Equipment Gross	0.58	0.4	-0.04	0.37	0.54	0.54	0.41	0.18	0.42	0.12	0.53	-0.25	0.12	0.22	0.44	-0.8	0.14	0.41	0.53	0.08	0.08	0.47		0.42	-0.7	0.02
Total Current Assets	0.68	0.71	-0.44	0.91	0.5	0.4	0.27	0.29	0.8	0.74	0.37	-0.5	0.74	0.55	0.33	-0.53	0.48	0.5	0.77	0.1	0.44	0.71	0.42		-0.46	0.34
Common Stock	-0.71	-0.45	0.07	-0.33	-0.55	-0.69	-0.46	-0.37	-0.31	-0.14	-0.67	0.6	-0.14	0.02	-0.65	0.98	0.0	-0.71	-0.68	0.06	-0.17	-0.71	-0.7	-0.46		-0.12
Short Term Debt	0.23	0.29	-0.8	0.58	0.22	0.11	-0.18	0.17	-0.08	0.63	0.12	-0.22	0.63	-0.14	0.13	-0.11	-0.26	0.0	-0.02	-0.06	-0.16	0.18	0.02	0.34	-0.12

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Allegheny Technologies Account Relationship Matchups

Allegheny Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.6B	4.0B	4.3B	4.4B	5.0B	4.6B
Short Long Term Debt Total	1.4B	1.6B	1.8B	1.7B	2.2B	1.2B
Other Current Liab	237.8M	233.1M	216.2M	219.8M	256.8M	272.0M
Total Current Liabilities	849.2M	653.3M	856.4M	963.9M	977.1M	764.3M
Total Stockholder Equity	2.1B	521.1M	685.6M	1.0B	1.4B	1.6B
Property Plant And Equipment Net	2.5B	1.5B	1.5B	1.5B	1.7B	1.8B
Net Debt	908.1M	921.9M	1.2B	1.2B	1.4B	806.0M
Retained Earnings	1.7B	106.5M	72.7M	176.9M	(70.1M)	(66.6M)
Accounts Payable	521.2M	290.6M	375.5M	553.3M	524.8M	382.8M
Cash	490.8M	645.9M	687.7M	584M	743.9M	385.9M
Non Current Assets Total	3.3B	2.0B	2.0B	2.0B	2.2B	2.6B
Non Currrent Assets Other	355.7M	259M	222.1M	192.9M	354.3M	263.9M
Cash And Short Term Investments	490.8M	645.9M	687.7M	584M	743.9M	385.9M
Net Receivables	592.6M	384.7M	523.9M	643.3M	684.1M	542.1M
Good Will	525.8M	240.7M	227.9M	227.2M	261.3M	391.1M
Common Stock Shares Outstanding	146.5M	126.5M	127.1M	151.2M	150M	118.0M
Liabilities And Stockholders Equity	5.6B	4.0B	4.3B	4.4B	5.0B	4.6B
Non Current Liabilities Total	2.6B	2.7B	2.6B	2.3B	2.5B	2.1B
Inventory	1.2B	997.1M	1.0B	1.2B	1.2B	1.0B
Other Current Assets	64.3M	38.3M	48.8M	53.4M	62.2M	66.7M
Other Stockholder Equity	1.6B	1.6B	1.6B	1.6B	1.5B	876.5M
Total Liab	3.4B	3.4B	3.5B	3.3B	3.5B	2.9B
Property Plant And Equipment Gross	2.5B	1.5B	1.5B	1.5B	3.7B	3.9B
Total Current Assets	2.3B	2.1B	2.3B	2.5B	2.7B	2.0B
Accumulated Other Comprehensive Income	(1.2B)	(1.2B)	(991.7M)	(725.2M)	(83.2M)	(87.4M)
Intangible Assets	96.3M	87.9M	65.9M	58.5M	51.1M	48.5M
Other Liab	1.1B	1.2B	884.5M	578.5M	665.3M	1.0B
Other Assets	115.7M	259.4M	259M	222.1M	173.6M	217.6M
Long Term Debt	1.4B	1.6B	1.7B	1.7B	2.1B	1.3B
Treasury Stock	(30.6M)	(18.2M)	(4.8M)	(87M)	(100.1M)	(105.1M)
Property Plant Equipment	2.5B	1.5B	1.5B	1.5B	1.8B	1.9B
Short Term Investments	117.6M	300M	487.7M	464.9M	700K	665K
Current Deferred Revenue	78.7M	111.8M	116.2M	149.1M	163.6M	132.7M
Net Tangible Assets	1.6B	280.4M	457.7M	818.7M	736.8M	1.1B
Noncontrolling Interest In Consolidated Entity	103.1M	120.3M	147.1M	111.3M	128.0M	115.1M
Retained Earnings Total Equity	1.7B	106.5M	72.7M	176.9M	159.2M	151.2M

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When determining whether Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:

How To Invest In Allegheny

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Is Allegheny Stock a good investment?

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What is Allegheny Technologies' Net Worth?

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Largest Metals & Mining Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Is Metals & Mining 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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

(0.07)

Earnings Share

2.59

Revenue Per Share

33.577

Quarterly Revenue Growth

0.025

Return On Assets

0.0557

The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' 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 Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' 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 Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.

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Allegheny Research Development vs Net Income Analysis

Research Development vs Net Income

Research Development vs Net Income Correlation Analysis

Correlation Coefficient

Research Development

Net Income

Allegheny Technologies fundamental ratios Correlations

Allegheny Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Allegheny Technologies fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Common Stock	+ 0.98	Common Stock Total Equity
Good Will	+ 0.97	Non Current Assets Total
Total Liab	+ 0.96	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.93	Total Assets

Cash And Short Term Investments	- 0.82	Other Current Liab
Cash	- 0.82	Other Current Liab
Property Plant And Equipment Gross	- 0.8	Common Stock Total Equity
Short Term Debt	- 0.8	Other Current Liab
Total Liab	- 0.73	Common Stock Total Equity
Common Stock	- 0.71	Total Liab