Carpenter Technology is engaged in the manufacturing, fabrication and distribution of metals. Co. provides alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing processes and soft magnetics applications. Co. is organized in two reportable business segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). The SAO segment is comprised of Co.'s alloy and stainless steel manufacturing operations. The PEP segment is comprised of Co.'s differentiated operations. This segment includes the Dynamet titanium business, the Carpenter Additive business and the Latrobe and Mexico distribution businesses. We show 52 historical shares outstanding datapoints in our CRS shares outstanding history coverage, used to compute CRS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CRS market cap history over the course of time is important for investors
interested in comparing CRS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CRS versus a peer is one thing; comparing
CRS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CRS can fluctuate over the course of history.
With this page we aim to empower investors researching CRS by allowing them to research the CRS market cap history. |
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Video: The Importance of Market Cap
