ATS Corporation (ATS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of ATS Corporation stock $18.67, price $16.97, upside +10.0%, quality 57 out of 100. Rating: fairly valued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $16.97 – $48.73 · fair‑value band $12.16 – $27.99 · the $16.97 price screens below the $18.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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ATS Corporation, together with its subsidiaries, engages in the planning, designing, building, commissioning, and servicing of automated manufacturing and assembly systems worldwide.
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The company offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modeling; post-automation services, including training, process optimization, preventive maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after-sales services.
It also provides engineering design, prototyping, process verification, specification writing, software and manufacturing process controls development, standard automation products and platforms, equipment design and build, third-party equipment qualification, procurement and integration, automation system installation, product line commissioning, validation, and documentation services.
In addition, the company offers value engineering, supply chain management, and integration and manufacturing capabilities, as well as other automation products and solutions; and software and digital solutions comprising connected factory floor management systems to capture, analyze, and use real-time machine performance data to troubleshoot issues, deliver process and product solutions, prevent equipment downtime, drive operational efficiency, and unlock performance for sustainable production improvements.
It serves the life sciences, transportation and mobility, consumer products, food and beverage, electronics, nuclear, packaging, warehousing and distribution, and energy markets.
The company was formerly known as ATS Automation Tooling Systems Inc. and changed its name to ATS Corporation in November 2022. ATS Corporation was founded in 1978 and is headquartered in Cambridge, Canada.
Stock analysis
ATS Corporation (ATS) currently trades at $16.97, while our model-based Fair Value estimate is $18.67, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of $33.84 per share, and 12 of the 22 models we run sit above the $16.97 price.
Bear case: the Earnings-Based group reads lowest at $5.69, and 10 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $12.16 (bear) to $27.99 (bull), the price of $16.97 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
ATS Corporation reported revenue of C$3.0B in FY2026 versus C$2.2B in FY2022, a compound +8.0%/yr. Reported net income was C$71.6M in FY2026, compounding −12.5%/yr from FY2022.
Key figures
Market cap $1.7B Small · P/E ratio 282.8 · P/S ratio 0.82 · EPS (TTM) $0.0600 · Net margin 0.3% · Return on equity 0.5% · Return on assets (EBIT) 5.1% (5-year average) · Operating margin 6.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at 10%, ATS screens cheaper than that median.
Fair Value models
Bear$12.16Fair Value $18.67Bull$27.99
Price $16.97 · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($0.0367 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+17.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.8%
Start year 2021 (pandemic). Over 10 years: +11.1% a year
Revenue growth 32 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1.0% vs 5.5%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 8%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−0.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in CAD, Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about −3.0% a year for the price and +0.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)0.5% · Bottom 25%
Return on assets1.7% · Below median
Net margin (12 months)0.3% · Bottom 25%
Operating margin (12 months)6.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)−8.6% · Bottom 25%
Balance sheet
Debt / equity0.72× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)282.8× · Priciest 25%
P/B1.32× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ATS Corporation Fair Value". https://www.fairvalue-calculator.com/stock/ATS
Frequently asked questions
Is ATS Corporation (ATS) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $18.67 versus a price of $16.97, about +10% upside (fairly valued).
What is the fair value of ATS?
Our model-based fair value for ATS Corporation is $18.67 (as of Nov 7, 2026), built from audited fundamentals. The current price: $16.97.
What is the quality score of ATS?
ATS Corporation has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ATS Corporation (ATS)?
Our model-based price target is the fair value of $18.67 (as of Nov 7, 2026) from 22 valuation models. Cautious scenario $12.16, optimistic scenario $27.99. It is a calculation from audited fundamentals, not an analyst target.
What is the ATS Corporation stock forecast for 2026?
Our models put fair value at $18.67, about +10% upside versus a price of $16.97 (fairly valued). Cautious scenario $12.16, optimistic scenario $27.99. The calculation is refreshed regularly with new filings.
What is the revenue of ATS Corporation (ATS)?
ATS Corporation reported trailing-twelve-month revenue of about C$2.9B (latest available figure, as of Nov 7, 2026).
What growth is priced into ATS Corporation (ATS)?
For today's price to be fair in a discounted-cash-flow model, ATS Corporation would have to grow free cash flow by -0.9 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of ATS use?
Our models discount ATS Corporation at 11.7 %: a base by market capitalisation (small), damped by beta 1.18, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ATS Corporation that is -0.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has ATS Corporation (ATS) delivered so far?
Over the past 5 years revenue at ATS Corporation grew +15.8 % a year. The price currently implies free-cash-flow growth of -0.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ATS Corporation (ATS) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into ATS Corporation (-0.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ATS Corporation (ATS)?
The free-cash-flow yield on the price is 15.82 %: that much free cash flow ATS Corporation produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ATS Corporation (ATS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ATS Corporation it is $18.67 per share (as of Nov 7, 2026), against a price of $16.97. It is the blended result of 22 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is ATS Corporation stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ATS trades below its calculated fair value: price $16.97, fair value $18.67, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ATS?
No. The price is what the market pays today ($16.97); the fair value is what the company's own numbers justify ($18.67). For ATS Corporation the two are $1.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is ATS Corporation worth?
The market values ATS Corporation at about $1.7B (market capitalisation, as of Nov 7, 2026). Per share that is $16.97; our models calculate a fair value of $18.67 per share.
What do the bullish and bearish scenarios say about ATS?
Our models span a range for ATS Corporation: cautious scenario $12.16, base $18.67, optimistic $27.99 per share (as of Nov 7, 2026, price $16.97). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ATS?
ATS Corporation trades at a price-to-earnings ratio of 282.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $18.67 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings, FY2023, FY2024 ex one-offs: 34.9. Other multiples: P/B 1.3, P/S 0.8, EV/EBITDA 13.3.
How solid is the balance sheet of ATS Corporation (ATS)?
Balance-sheet figures for ATS Corporation (as of Nov 7, 2026): return on equity 0.5%, debt of 0.72 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is ATS from its 52-week high?
ATS Corporation trades at $16.97, about 52% below its 52-week high of $35.38 and at the low of $16.97 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $18.67 is for.
Which stocks are comparable to ATS Corporation?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ATS Corporation stock attractive at the current price?
The data as of Nov 7, 2026: price $16.97, calculated fair value $18.67 (+10%), Quality Score 57/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ATS calculated?
We run ATS Corporation through 22 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $18.67 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. ATS Corporation currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ATS Corporation (ATS)?
The closing price on Nov 6, 2026 was $16.97. Our model-based fair value is $18.67, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ATS Corporation right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($12.16 to $27.99) leaves room in how you read the outcome.
Where does the earnings growth of ATS Corporation (ATS) come from?
Earnings per share at ATS Corporation grew +12.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +12.3 %, EBIT margin +2.4 %, tax rate −0.1 %, residual (interest, one-offs) −2.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of ATS Corporation
How large is the market capitalisation of ATS Corporation (ATS)?
The market capitalisation of ATS Corporation is $1.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ATS Corporation (ATS)?
The price-to-sales ratio of ATS Corporation is 0.82 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ATS Corporation (ATS)?
Earnings per share at ATS Corporation are $0.0600 (price ÷ EPS = P/E 282.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ATS Corporation (ATS)?
The net margin of ATS Corporation is 0.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ATS Corporation (ATS)?
The return on equity (ROE) of ATS Corporation is 0.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ATS Corporation (ATS)?
On an EBIT basis the return on assets of ATS Corporation is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ATS Corporation (ATS)?
The operating margin of ATS Corporation is 6.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ATS Corporation (ATS)?
Revenue at ATS Corporation is growing −8.6% versus a year earlier (3y avg +4.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ATS Corporation (ATS)?
Earnings per share at ATS Corporation are growing +358% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ATS Corporation (ATS) carry?
The net debt of ATS Corporation is C$1.2B (fiscal year 2026, ≈ 3.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 7, 2026