Calumet Inc. (CLMT) exhibits 5.9% gross margins and 7.0% return on invested capital within Energy (Integrated oil Companies), balanced against a 40.6x enterprise multiple and 7.0% implied options volatility.
Sustained 5.9% gross profitability converts into 2.6% operating margin and 7.0% ROIC, outpacing sector cost of capital.
ROIC: 7.0% // GM: 5.9%YoY revenue trajectory of -1.2% paired with 1.33% free cash flow yield supports self-funded R&D and capital return.
REV YOY: -1.2% // FCF YLD: 1.33%Altman Z-Score of 1.67 and Piotroski F-Score of 6/9 indicate low near-term refinancing stress.
ALTMAN Z: 1.67 // F-SCORE: 6/9Trading at 24.0x trailing P/E (22.0x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.0x // EV/EBITDA: 40.6xOptions market prices a ±7.0% implied move with a 1.02 put/call ratio around $48.00 max pain.
IMPL MOVE: ±7.0% // P/C: 1.02Elevated industry capital intensity and customer concentration in Integrated oil Companies require continuous execution to defend -0.8% net margins.
NET MARGIN: -0.8% // D/E: 0.85x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
|---|---|---|
| INSPECT GEX & CHAIN IN OPT <GO> | ||
Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for CLMT & activate live FRED threshold breach alerts.