Want to see MTUS full AI Analyst Report?
Top Page
Metallus
(NYSE:MTUS)
Select Model
Select Model
Rating:51Neutral
Price Target:
$20.00
▼(-4.63% Downside)
Action:Reiterated
Date:07/01/26
The score is held back primarily by weak cash-flow quality (deeply negative free cash flow) and thin current profitability, plus a very high P/E that increases valuation risk. These negatives are partially offset by a notably strong balance sheet with very low leverage and an earnings-call narrative pointing to improving shipments, backlog, and EBITDA trends into 2026, though near-term cost and execution/timing risks remain.
Positive Factors
Low leverage / strong balance sheet
A very low debt-to-equity (~0.02) and declining total debt give Metallus durable financial flexibility. This balance sheet strength supports funding capex, absorbing cyclical downturns, enabling buybacks and investments without immediate reliance on expensive external financing, improving long-term resilience.
Negative Factors
Persistent negative free cash flow
Despite positive operating cash flow, persistent and sizable negative free cash flow (~-$78M TTM) across recent periods limits the company's ability to self-fund investments or sustain distributions. Enduring negative FCF increases reliance on liquidity facilities or external funding and constrains strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A very low debt-to-equity (~0.02) and declining total debt give Metallus durable financial flexibility. This balance sheet strength supports funding capex, absorbing cyclical downturns, enabling buybacks and investments without immediate reliance on expensive external financing, improving long-term resilience.
Read all positive factors
Metallus Key Performance Indicators (KPIs)
Any
Revenue by Product Type
Separates sales by product categories (for example raw materials, alloys, finished components, or services) to show which offerings generate the most revenue and likely margin. A shift toward higher‑value or service products can lift profitability even if overall sales are flat, while reliance on low‑margin commodities increases exposure to price swings. Helps identify margin drivers, product concentration, and areas where operational improvements or price power could matter most.
Separates sales by product categories (for example raw materials, alloys, finished components, or services) to show which offerings generate the most revenue and likely margin. A shift toward higher‑value or service products can lift profitability even if overall sales are flat, while reliance on low‑margin commodities increases exposure to price swings. Helps identify margin drivers, product concentration, and areas where operational improvements or price power could matter most.
Data provided by:
The Fly
The FlyMetallus (MTUS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$825.90M
Dividend YieldN/A
Average Volume (3M)352.57K
Price to Earnings (P/E)295.4
Beta (1Y)1.36
Revenue Growth13.73%
EPS GrowthN/A
CountryUS
Employees1,880
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.07
Shares Outstanding41,627,808
10 Day Avg. Volume501,724
30 Day Avg. Volume352,572
Financial Highlights & Ratios
PEG Ratio3.07
Price to Book (P/B)1.05
Price to Sales (P/S)0.62
P/FCF Ratio-7.73
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.83
Revenue Forecast (FY)$1.27B
Metallus Business Overview & Revenue Model
Company Description
Metallus Inc. (MTUS) is a specialty metals producer focused on engineered alloy steel products. The company manufactures and supplies high-performance steel, including tool steel and other specialty alloy steel grades, serving end markets that inc...
How the Company Makes Money
Metallus primarily makes money by manufacturing and selling specialty alloy steel products to customers that require engineered performance characteristics. Revenue is generated from (1) sales of steel in various grades and forms (e.g., bars or ot...
Metallus Earnings Call Summary
Earnings Call Date:May 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 03, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operational and financial positives: double-digit revenue growth (10% YoY), a 39% increase in adjusted EBITDA, an enlarged order book (>40% YoY), sequential shipment momentum (+11%), successful capital project milestones (bloom furnace run-rate +50%), solid liquidity ($375M) and ongoing shareholder returns. Offsetting these positives were cost pressures from higher energy/utility expenses, incremental labor costs from a new union agreement, seasonally higher cash outflows and front-loaded CapEx, extended lead times reflecting near-term capacity constraints, and some timing uncertainty around certain defense customer ramps. On balance, the company communicated clear operational progress and financial improvement while acknowledging manageable near-term headwinds and timing variability.Positive Updates
Revenue Growth
Net sales of $308.3 million in Q1 2026, up $27.8 million or 10% year-over-year, driven primarily by higher shipments across most end markets.
Negative Updates
Energy and Utility Cost Pressure
Higher utility and energy costs negatively impacted results; prior favorable electricity contract benefits were present in Q1 2025 but not in Q1 2026, contributing to cost headwinds versus the prior-year period.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Net sales of $308.3 million in Q1 2026, up $27.8 million or 10% year-over-year, driven primarily by higher shipments across most end markets.
Read all positive updates
Company Guidance
The company reiterated modestly positive near-term guidance: Q2 shipments are expected to increase sequentially in the low single digits, with Q2 adjusted EBITDA “modestly higher” sequentially and year‑over‑year; manufacturing costs are expected to improve by approximately $2.0 million sequentially (net of the full‑quarter run‑rate union cost), and average melt utilization is expected to rise sequentially; full‑year adjusted effective tax rate is guided to 27–30%; planned 2026 CapEx is ~$70 million (≈$35 million government‑funded) after Q1 CapEx of $24.7 million (≈$18.3 million government‑funded); liquidity was $375 million and cash was $104 million at 3/31/2026 with no borrowings; government funding received totaled $5.9 million in Q1 plus $9.5 million in April with ~ $2 million more expected in 2026 pending a final milestone; pension contributions were $19.8 million in Q1 (with ~$5 million made in April and ~$5 million remaining) and total 2026 required pension contributions are expected to fall nearly 60% vs. 2025; noted operational milestones include a new bloom reheat run rate of ~150 tons/hour (vs. ~100 t/hr legacy) with the reheat furnace expected fully operational early–mid Q3 and the roller furnace late Q3; lead times extend into late Q3 for VARs and seamless tubing; and prior actions include bar price increases totaling $120/ton and tube pricing averaging ~$100/ton (affecting roughly 30% of annual volume), with price realization expected to be gradual and weighted to H2.Metallus Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.19B | 1.16B | 1.08B | 1.36B | 1.33B | 1.28B |
| Gross Profit | 98.30M | 95.10M | 97.70M | 186.50M | 126.70M | 220.00M |
| EBITDA | 65.60M | 60.30M | 58.70M | 153.30M | 156.00M | 246.00M |
| Net Income | 2.90M | -1.20M | 1.30M | 69.40M | 65.10M | 171.00M |
Balance Sheet | ||||||
| Total Assets | 1.14B | 1.14B | 1.12B | 1.18B | 1.08B | 1.16B |
| Cash, Cash Equivalents and Short-Term Investments | 104.00M | 156.70M | 240.70M | 280.60M | 257.20M | 259.60M |
| Total Debt | 13.20M | 14.90M | 17.10M | 24.60M | 32.90M | 59.40M |
| Total Liabilities | 455.20M | 454.20M | 426.20M | 443.70M | 395.50M | 494.30M |
| Stockholders Equity | 683.00M | 686.00M | 690.50M | 731.60M | 686.50M | 664.60M |
Cash Flow | ||||||
| Free Cash Flow | -78.20M | -93.00M | -24.00M | 73.70M | 107.40M | 184.70M |
| Operating Cash Flow | 28.00M | 16.00M | 40.30M | 125.30M | 134.50M | 196.90M |
| Investing Cash Flow | -81.10M | -75.20M | -10.80M | -49.90M | -21.70M | -4.80M |
| Financing Cash Flow | -24.00M | -25.20M | -68.90M | -51.90M | -114.60M | -35.30M |
Metallus Technical Analysis
Positive
20.97
Price Trends
19.58
Positive
18.43
Positive
18.30
Positive
Market Momentum
0.30
Negative
65.04
Neutral
87.36
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTUS, the sentiment is Positive. The current price of 20.97 is above the 20-day moving average (MA) of 19.68, above the 50-day MA of 19.58, and above the 200-day MA of 18.30, indicating a bullish trend. The MACD of 0.30 indicates Negative momentum. The RSI at 65.04 is Neutral, neither overbought nor oversold. The STOCH value of 87.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTUS.
Metallus Risk Analysis
Metallus disclosed 29 risk factors in its most recent earnings report. Metallus reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Metallus Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $242.21M | 12.05 | 13.68% | 0.45% | 45.50% | 214.32% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | $301.50M | 25.48 | 54.83% | 19.32% | -84.51% | -87.88% | |
51 Neutral | $825.90M | 295.45 | 0.42% | ― | 13.73% | ― | |
49 Neutral | $1.78B | 102.89 | 1.52% | 1.78% | 11.33% | -84.72% | |
48 Neutral | $140.27M | 154.70 | 1.40% | ― | -51.72% | ― |
* Basic Materials Sector Average
MTUS
Metallus
20.12
4.99
32.98%
FRD
Friedman Industries
33.25
18.44
124.46%
ACNT
Ascent Industries
15.47
2.55
19.74%
MSB
Mesabi Shs
21.99
-7.26
-24.82%
WS
Worthington Steel, Inc.
36.01
6.88
23.63%
Metallus Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Metallus Secures New Long-Term $300 Million Credit Facility
Positive
Jul 1, 2026
On June 30, 2026, Metallus Inc. and certain domestic subsidiaries executed a Fifth Amended and Restated Credit Agreement that replaces a prior secured facility with a $300 million asset-based revolving credit line, including sublimits for letters ...
Business Operations and StrategyStock BuybackFinancial Disclosures
Metallus Reports Strong Q1 2026 Sales and Earnings
Positive
May 4, 2026
On May 4, 2026, Metallus reported first-quarter 2026 net sales of $308.3 million, up 10% year over year and 15% sequentially, with net income rising to $5.4 million and adjusted EBITDA jumping 39% to $24.6 million, driven by higher shipments, bett...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.