Atmos Energy Corporation (ATO) exhibits 41.0% gross margins and 6.2% return on invested capital within Energy (Oil/Gas Transmission), balanced against a 19.9x enterprise multiple and 7.3% implied options volatility.
Sustained 41.0% gross profitability converts into 33.2% operating margin and 6.2% ROIC, outpacing sector cost of capital.
ROIC: 6.2% // GM: 41.0%YoY revenue trajectory of +12.9% paired with 6.36% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +12.9% // FCF YLD: 6.36%Altman Z-Score of 1.79 and Piotroski F-Score of 9/9 indicate low near-term refinancing stress.
ALTMAN Z: 1.79 // F-SCORE: 9/9Trading at 24.1x trailing P/E (20.2x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.1x // EV/EBITDA: 19.9xOptions market prices a ±7.3% implied move with a 0.79 put/call ratio around $168.00 max pain.
IMPL MOVE: ±7.3% // P/C: 0.79Elevated industry capital intensity and customer concentration in Oil/Gas Transmission require continuous execution to defend 25.5% net margins.
NET MARGIN: 25.5% // D/E: 0.42x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
|---|---|---|
| INSPECT GEX & CHAIN IN OPT <GO> | ||
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