Metallus Inc. Common Shares (MTUS)

FairStock Score: 59/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Metallus as a small specialty steel producer with a cyclical, capital-intensive business. It sells special bar quality bars, seamless mechanical tubes, precision components and billets into gears, axles, oil country tools, bearings, wind energy and defense. Those qualified products can create customer stickiness, but the numbers do not show a wide moat. The filed record is erratic: in fiscal year 2023, ended 2023-12-31, net income was $69.4M and EPS $1.47; in fiscal year 2024, ended 2024-12-31, net income was $1.3M and EPS $0.03; in fiscal year 2025, ended 2025-12-31, net loss was $1.2M and EPS -$0.03. Recent quarters are better. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $341.0M, net income $8.9M and EPS $0.21, versus fiscal Q2 2025, the quarter ended 2025-06-30, when revenue was $304.6M, net income $3.7M and EPS $0.09. Fiscal Q1 2026, ended 2026-03-31, also showed net income of $5.4M and EPS $0.13. Even so, trailing free cash flow is -$97.6M, and the FairStock FCF yield is -11.5%, so profits are not yet turning into cash. The balance sheet is conservative, with D/E of 0.02, and the FairStock Piotroski F-score is 8/9. But FairStock calculations show ROE 1.17%, ROCE 0.55%, P/E 108.21, P/B 1.23, Graham Number $8.44 and margin of safety -143.60%. Altman Z-score is 1.66. At the $20.56 close on 2026-10-13, the price already assumes a successful turnaround. The Lynch category is TURNAROUND—loss in the latest year after earlier profits. I need durable cash generation before calling it cheap.

In plain English: Metallus makes special steel bars, tubes and parts used in vehicles, energy equipment, bearings and defense. The business has been uneven, with a loss in the latest full year but better results in recent quarters, and it carries very little debt. At the current price, the shares look expensive compared with the company's recent profits and cash generation.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer