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Amentum Holdings, Inc. (herein referred to as we , our , us , the Company and Amentum ), a Delaware corporation, is a global advanced engineering and technology solutions provider to a broad base of U.S. and allied government agencies, and customers in international and commercial markets. On September 27, 2024, Amentum was formed through the completion of a merger between the…
$23.23
+$0.07 (+0.30%)
Price from 14 days ago
Operating margin is thin at 6.23%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 71.6% YoY with margins expanding 2.8pp.
At 36x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $3.73B represents 7.2x FCF, leverage limits flexibility.
35.9x earnings, 13.0x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$14.20B
▲ +71.6% YoY
Net Income (TTM)
$148M
▲ +180.5% YoY
Op. Margin
5.86%
▲ +2.8pp YoY
ROIC
8.98%
▲ +6.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$439M
▲ +1333.3% YoY
Op. Cash Flow (TTM)
$465M
▲ +1055.3% YoY
Net Debt
$3.50B
Cash & Equiv.
$428M
3Y CAGR: +23.3%
3Y CAGR: +68.4%
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