MeritValue

Atmus Filtration Technologies Inc.

ATMUdata completeness 100%5 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$1.44B1$1.56B2$1.63B3$1.67B3$1.76B3
Net income$170.1M4$170.4M5$171.3M6$185.6M6$207.4M6
Operating cash flow$209.9M7$165.7M8$189M9$105.4M9$202.7M9
Capital expenditure$33.4M10$37.5M11$45.8M12$48.6M12$53.9M12
Free cash flow (derived)$176.5M7$128.2M8$143.2M9$56.8M9$148.8M9
Total debt—$013$1.2B14$1.19B15$1.14B15
Cash & equivalents$016$017$168M18$184.3M19$236.4M19
Diluted shares83.3M83.3M83.4M83.6M82.8M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.000012%
of the whole company
Your share of last year’s profit
$25.05
Your share of its debt
$137.68
Your share of free cash flow
$17.97
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$12.47
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth0.0%
  • fcfBase$143.2M
DCF · Growth Exit 5Y
$14.4
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth0.0%
  • fcfBase$143.2M
Earnings Power Value
$21.8
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$171.3M
  • growthAssumed0.0%
Graham Number
$16.04
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

iv. The price question — last, on purpose
What does today’s price assume?
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years0.0%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $14.4

Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001921963-24-000007 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001921963-25-000029 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0001921963-26-000015 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-12-31 · accession 0001921963-24-000007 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001921963-25-000029 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001921963-26-000015 (NetIncomeLoss)
  7. 10-K · period ending 2021-12-31 · accession 0001921963-24-000007 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-12-31 · accession 0001921963-25-000029 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-12-31 · accession 0001921963-26-000015 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-31 · accession 0001921963-24-000007 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-12-31 · accession 0001921963-25-000029 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2023-12-31 · accession 0001921963-26-000015 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2022-12-31 · accession 0001921963-24-000007 (LongTermDebtNoncurrent)
  14. 10-K · period ending 2023-12-31 · accession 0001921963-25-000029 (LongTermDebtNoncurrent)
  15. 10-K · period ending 2024-12-31 · accession 0001921963-26-000015 (LongTermDebtNoncurrent)
  16. 10-K · period ending 2021-12-31 · accession 0001921963-25-000029 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  17. 10-K · period ending 2022-12-31 · accession 0001921963-24-000007 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2023-12-31 · accession 0001921963-25-000029 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2024-12-31 · accession 0001921963-26-000015 (CashAndCashEquivalentsAtCarryingValue)