MTUSMetallus Inc.
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
- Revenue
- $1.2B
- 6.9% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $1.1B
- Employees
- 1,865
- $621K revenue each
- Net debt / EBITDA
- —
- −$109M net debt
- AI in 10-K
- 4.0
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo82% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo84% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$621K · 42nd pctBottom quartile of its SIC industry
- Quiet on AINo4.0 per 10K words · 78th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 1.4× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.1B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$2M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.4B | $1.1B | $1.2B | 6.9% |
| Net income | $171M | $65M | $69M | $1M | −$1M | 192% |
| Operating cash flow | $197M | $135M | $125M | $40M | $16M | 60% |
| Stock-based comp | $7M | $9M | $12M | $14M | $15M | 5.0% |
| Buybacks | $0 | $52M | $33M | $38M | $13M | 65% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Mar 24, 2020 | GAMCO INVESTORS, INC. ET AL | SC 13D/A | 4.1% | Passive |
| Sep 10, 2019 | GAMCO INVESTORS, INC. ET AL | SC 13D/A | 5.1% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 14
- Net
- −$2M
Pay vs performance
No pay-versus-performance disclosure yet.