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Amentum Holdings, Inc.

AMTM·NYSE

$23.16

+0.89%
IndustrialsAerospace & Defense

Amentum Holdings, Inc. provides mission-critical, technology-driven services in government and commercial markets. It operates through two operating segments: Critical Mission Solutions and Cyber & Intelligence. The Critical Mission Solutions segment provides test, training, and operations services for missile defense systems, IT and engineering services to defense clients and the space sector, technological solutions, including installations, decommissioning, and environmental remediation to energy clients, and other highly technical consulting solutions. The Cyber & Intelligence segment provides advanced cyber training and data analytics for government professionals, advanced communication systems and aerial mapping technologies to national security clients, and other technical services for United States defense and intelligence clients. The company was founded on November 26, 2019 and is headquartered in Chantilly, VA.

At a Glance

Live Snapshot
Market Cap$5.65B
EPS0.2700
P/E Ratio85.78
Earnings Date08/04/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is elevated (P/E 85.8).

Valuation inputs: P/E 85.8, earnings yield +1.2%, momentum +0.9%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +1.5%, ROIC +2.7%).

Profitability stack: net margin +0.5%, ROE +1.5%, ROIC +2.7%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +59.7%, momentum +0.9%, net margin +0.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Amentum Holdings, Inc. Market vs Earnings Trajectory

AMTM · NYSE

Loading price and EPS data...

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Amentum Holdings, Inc. Fair Value Envelope

AMTM · NYSE

Our analysis suggests that AMTM has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $23.16, this represents a potential HIDDEN relative to our calculated worth for Amentum Holdings, Inc..

Intrinsic Value
Current Price: $23.16
3Y-108.0%
5Y-88.0%
10Y-88.0%
3Y+83.0%
5Y+183.0%
10Y+183.0%
3Y-121.0%
5Y-67.0%
10Y-67.0%
3Y+331.0%
5Y+122.0%
10Y+122.0%
3Y+378.0%
5Y+145.0%
10Y+145.0%
3Y+172.0%
5Y+172.0%
10Y+172.0%
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Amentum Holdings, Inc. Profit Bridge

AMTM · NYSE
Revenue14.39B
Cost of Goods Sold (12.88B)
Gross Profit1.51B
Operating Expenses (1.03B)
Operating Income480.00M
Interest Expense (353.00M)
Other Income/Expense-365.00M
Pretax Income115.00M
Income Tax (56.00M)
Net Income66.00M
Net Income
66.00M

Profitability Analysis

Gross Margin

10.5%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

3.3%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

0.5%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

48.7%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

10.51%
Gross Profit Margin
55%
3Y+6.0%
5Y-32.0%
10Y-32.0%
3.33%
Operating Profit Margin
29%
3Y+360.0%
5Y-49.0%
10Y-49.0%
0.46%
Net Profit Margin
-147%
3Y-111.0%
5Y-88.0%
10Y-88.0%
1.47%
Return on Equity
-180%
3Y-102.0%
5Y-
10Y-
0.58%
Return on Assets
-184%
3Y-112.0%
5Y-
10Y-
2.67%
Return on Invested Capital
85%
3Y+155.0%
5Y-
10Y-
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Amentum Holdings, Inc. Cash Conversion Engine

AMTM · NYSE
Net Income59.00M
Depreciation & Amortization519.00M
Stock-Based Compensation21.00M
Change in Working Capital-61.00M
Others52.00M
Capital Expenditures-27.00M
Free Cash Flow516.00M

Cash Flow Quality Analysis

FCF Conversion Rate

874.6%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

5.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+1333.3%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$61.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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Amentum Holdings, Inc. Funding & Solvency Profile

AMTM · NYSE
Cash & Cash Equivalents428.00M
Net Receivables2.50B
Inventory0.00
Other Current Assets173.00M
Total Current Assets3 B
Property, Plant & Equipment105.00M
Goodwill & Intangible Assets7.47B
Long-Term Investments216.00M
Other Non-Current Assets285.00M
Total Non-Current Assets606 M
Total Assets
11.17B

Financial Health Analysis

Current Ratio

1.48x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

1.38x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

1 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

28% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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Amentum Holdings, Inc. Street Expectations Map

AMTM · NYSE

Wall Street analysts project that AMTM stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 33.33, with estimates ranging from a low of 28.00 to a high of 37.00.

Lowest Target
28.00
20.90%
Consensus Target
33.33
43.91%
Highest Target
37.00
59.76%

The consensus 1-year price target stands at 33.33, with estimates ranging from a low of 28.00 to a high of 37.00.

Analyst Consensus Analysis

Upside Potential

+43.9%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

27.0% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Amentum Holdings, Inc. Insider Positioning

AMTM · NYSE

During the last 12 months, there has been no insider trading activity reported for AMTM.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

No Dividend Yield Data

AMTM has not reported any dividend yield values in the available annual periods.

 

amtm Dividend History

AMTM
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%