NYSE
According to Zyberno, Covista Inc. (ATGE) shows a Value Trap signal — GREAT BUSINESS (76/100) with an apparent Margin of Safety of +73.8%, but a Brina Gap of -2.6% reveals the current price still assumes faster growth than the business can deliver.
According to Zyberno's DCF model, Covista Inc. (ATGE) trades at $105.11 against an estimated intrinsic value per share of $401.26 — a +73.8% Margin of Safety based on Owner Earnings of $337.97M TTM, projected at 17.4% growth for 10 years with a 2.5% terminal growth rate. The Brina Gap of -2.6% weakens the case: based on the company's ROIC (15.5%) and reinvestment rate (3.6%), the business can fundamentally grow at 0.6% — but the current enterprise value implies the market expects 3.2%. This places ATGE in the Value Trap quadrant of the Brina Matrix — a value-trap signal where the apparent discount is undermined by overpriced growth expectations. Zyberno's model translates this into a 5-year expected return of 53.4% annually.
Over the trailing twelve months, ATGE generated $337.97M in Owner Earnings. Capital was deployed as follows: $7.60M returned via share buybacks, $55.94M invested in capital expenditures. Reinvestment rate: 3.6%. Owner Earnings have grown at 17.4% annually over the trailing five years using log-linear regression.