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Added to YB: 2025-02-25

Pitch date: 2025-02-19

AMTM [bullish]

Amentum Holdings, Inc.

-5.63%

current return

Author Info

Voss Capital is a hedge fund looking for value-oriented special situations. Sign up for the newsletter.

Company Info

Amentum Holdings, Inc. provides engineering and technology solutions to the U.S. and allied government agencies.

Market Cap

$4.9B

Pitch Price

$21.14

Price Target

34.00 (+70%)

Dividend

N/A

Sector

Professional Services

Category

value

Show full summary:
Voss Capital Portfolio Holding: Amentum Holdings, Inc.

AMTM: Gov services leader post-merger w/ Jacobs CMS. $45B backlog (3.2x rev), strong FCF. 30%+ discount to peers due to spin-off dynamics. 5 key markets: Defense (46%), Civil (17%), Env (15%), Space (11%), Intel (11%). <10x FCF, $500M annual FCF. Deleveraging from 4x to <3x by FY26. 80% upside to $34 at 10.5x 2026E EBITDA.

Read full article (2 min)