Glatfelter Corporation

NYSE:GLT Lagerbericht

Marktkapitalisierung: US$957.7m

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

Glatfelter Balance Sheet Health

Finanzielle Gesundheit Kriterienprüfungen 3/6

Glatfelter hat ein Gesamteigenkapital von $206.7M und eine Gesamtverschuldung von $887.6M, wodurch sich der Verschuldungsgrad auf 429.4% beläuft. Die Gesamtaktiva und Gesamtpassiva betragen $1.5B bzw. $1.3B. Glatfelter Das EBIT des Unternehmens beträgt $13.9M, so dass der Zinsdeckungsgrad 0.2 beträgt. Das Unternehmen verfügt über Barmittel und kurzfristige Anlagen in Höhe von $41.6M.

Wichtige Informationen

429.41%

Verhältnis von Schulden zu Eigenkapital

US$887.59m

Verschuldung

Zinsdeckungsgrad0.2x
BargeldUS$41.64m
EigenkapitalUS$206.70m
GesamtverbindlichkeitenUS$1.31b
GesamtvermögenUS$1.52b

Jüngste Berichte zur Finanzlage

Analyseartikel • Aug 12

Glatfelter (NYSE:GLT) Has A Somewhat Strained Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analyseartikel • Apr 13

Glatfelter (NYSE:GLT) Seems To Be Using A Lot Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analyseartikel • Dec 01

Does Glatfelter (NYSE:GLT) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analyseartikel • Aug 17

Is Glatfelter (NYSE:GLT) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analyseartikel • Apr 29

Does Glatfelter (NYSE:GLT) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analyseartikel • Nov 06

Glatfelter (NYSE:GLT) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Recent updates

Analyseartikel • Aug 12

Glatfelter (NYSE:GLT) Has A Somewhat Strained Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analyseartikel • Apr 13

Glatfelter (NYSE:GLT) Seems To Be Using A Lot Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Feb 21

Glatfelter Corporation Non-GAAP EPS of -$0.16, revenue of $373.9M

Glatfelter Corporation press release (NYSE:GLT): Q4 Non-GAAP EPS of -$0.16. Revenue of $373.9M (+11.8% Y/Y).
Analyseartikel • Jan 10

Is There Now An Opportunity In Glatfelter Corporation (NYSE:GLT)?

While Glatfelter Corporation ( NYSE:GLT ) might not be the most widely known stock at the moment, it saw a significant...
Seeking Alpha • Jan 05

Glatfelter: Turnaround Strategy Faces A Make-Or-Break 2023

Summary Shares of Glatfelter have been pressured by negative earnings amid ongoing cost pressures and supply chain disruptions. Initiatives to improve growth and restore profitability highlight a path to recovery, although significant uncertainties remain. The company's large balance sheet debt position is a concern and will likely limit the upside in the stock over the near term.
Analyseartikel • Dec 01

Does Glatfelter (NYSE:GLT) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • Oct 25

Glatfelter: Serious Situation

Summary Glatfelter has been transforming its business with no results to show for it. The company has taken on a lot of leverage, a painful situation which is now revealed by the energy crisis in Europe. By now the situation is highly speculative at best. As shares of Glatfelter (GLT) have seen an absolute free fall this year, with shares down to $2.50 per share, an update on the investment thesis is long overdue. In January 2021, I last had a look at Glatfelter, as I concluded that the company was continuing to transform the business. Some Perspective When I looked at Glatfelter early in 2021 the company was a supplier of engineered materials, employing nearly 2,500 workers cross the globe, generating nearly a billion in sales in the process. The company was organized across two businesses: composite fibers and an airlaid materials business. The company generated roughly half of sales in Europe, a third in North America, and the remainder in the rest of the world. The company is strong in niche segments which includes feminine hygiene, tea bags, single-serve coffees, as the company has been transforming the business from a low margin and cyclical business into a more predictable and higher margin business. With the vast majority of sales tied to consumer goods, the business looked quite stable, at least on paper. This transformation was badly needed as a $30 stock in the 1990s and in 2014 has been consolidating in a $10-15 range. To put a more accurate picture we focus on the actual results ahead of the pandemic. 2019 sales rose 7% to $928 million on which a $55 million operating profits was reported, with adjusted earnings are reported at $0.75 per share, albeit that a large GAAP loss was posted after settlement of legacy pension charges. Net debt of $234 million worked down to a 2.2 times leverage ratio based on $106 million in EBITDA. 2020 earnings trended around $0.80 per share, as debt inched up a bit and with a $1 billion enterprise valuation at $17 per share, Glatfelter announced a relative large deal. The company reached a $175 million deal to acquire Georgia-Pacific´s US nonwovens business, a deal set to add $100 million in sales and $20 million in EBITDA. Net debt would jump to $450 million, and with pro forma EBITDA reported at $140 million, leverage ratios came in at 3.2 times, a bit on the high side. This observation, the troubled past and a fair valuation at best, made me quite cautious as I was not willing to join the bandwagon. Stagnation - Free Fall Shares of the company traded largely around the $15 mark during 2021 and even at slightly higher levels early in 2022. Ever since, it has been all downhill to $2 per share at the moment. Besides the purchase of Georgia-Pacific´s activities, the company announced a huge $308 million purchase of Jacob Holm in July 2021 as well, one which I did not provide coverage on. In February of this year, the company posted its 2021 results as full year sales rose 18% to $1.08 billion, with fourth quarter revenues of $334 million rising in a much more pronounced manner as it includes the acquisition of Spunlace (related to the Jacob Holm purchase). That was the good news as full year operating earnings fell from $49 million to less than $29 million, with the company posting an $11 million operating losses in the fourth quarter. The problem in all of this is that net debt has risen to $649 million, a huge number with $140 million in EBITDA reported in 2021, translating into a 4.6 times leverage ratio. This was outright worrying as on top of high leverage, the company was facing unprecedented (energy) inflation, notably in Europe. More bad news arrived soon as the company announced a CFO transition in April. In May, the company posted first quarter results and while revenues rose to $382 million, the company essentially broke even after accounting for a massive $117 million amortization charge. Net debt inched up to $729 million and with quarterly adjusted EBITDA posted at just $23 million, annualized numbers translated into about an 8 times leverage ratio. Given this backdrop it is hard to understand that shares still traded around the $8 mark at the time. In August, second quarter sales were reported at $364 million and a minimal operating profit of $9 million, almost entirely eaten by interest expenses, as net debt inched up a little further to $740 million. The quarterly $50 million EBITDA number improved a bit, but even if annualized still works down to sky-high leverage ratios as the company has been too aggressive with debt.
Analyseartikel • Oct 21

A Look At The Intrinsic Value Of Glatfelter Corporation (NYSE:GLT)

In this article we are going to estimate the intrinsic value of Glatfelter Corporation ( NYSE:GLT ) by estimating the...
Seeking Alpha • Sep 21

Glatfelter stock down after suspending dividend as part of capital allocation reprioritization

Glatfelter Corporation (NYSE:GLT) shares down 4.7% in a premarket session after the Board of Directors suspended the company’s quarterly cash dividend as part of its focused efforts to optimize the operational and financial results of the business. Kevin M. Fogarty, Non-Executive Chair of Glatfelter’s Board of Directors said, “This is a prudent step that will redirect capital back to the business at a critical juncture for the Company. With enhanced financial flexibility, we will be better positioned to make the changes and investments needed to drive improvements throughout the business while navigating the ongoing global geopolitical and economic challenges. The Board of Directors is confident the management team under Thomas Fahnemann's leadership, has the right focus and expertise to successfully improve Glatfelter’s near-term profitability and drive long-term value for our shareholders.” The dividend suspension will avail up ~$25M annually in cash flow. The company last paid a $0.14 per share cash dividend on outstanding common stock on August 1, 2022. The company expects to provide details on its strategic capital redeployment and profitability improvement initiatives in conjunction with its Q3 results on November 3, 2022.
Seeking Alpha • Aug 25

Glatfelter announces CEO transition

Glatfelter (NYSE:GLT) has appointed Mr. Thomas Fahnemann to the role of President and CEO, effective immediately to succeed current Chairman and CEO, Mr. Dante C. Parrini, who will be leaving the company following a 25-year career. Mr. Fahnemann currently serves as Non-Executive Director, member of the board and Chairman of the Audit Committee for AustroCel Hallein, GmbH, Amsterdam, the Netherlands.  In addition, the board has appointed Mr. Kevin M. Fogarty, currently an independent Glatfelter board and Chairman of the nominating and Corporate Governance committee, to a newly created role of non-executive Chairman. The position of Independent Lead Director, currently held by Mr. Lee C. Stewart, will no longer exist, however, Mr. Stewart will continue to play an instrumental role on the company’s board, including assuming the role of Chairman of the Nominating and Corporate Governance committee.  The company noted that these changes are not related to Glatfelter’s operations, financial reporting or controls, or personal conduct. The company expects to release its Q3 earnings on Nov.01 and the previously provided earnings guidance for the third quarter remains unchanged.
Analyseartikel • Aug 17

Is Glatfelter (NYSE:GLT) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • Aug 02

Glatfelter Corporation Non-GAAP EPS of -$0.04, revenue of $363.96M

Glatfelter Corporation press release (NYSE:GLT): Q2 Non-GAAP EPS of -$0.04. Revenue of $363.96M (+48.6% Y/Y). Cash and cash equivalents totaled $71.5M as of June 30, 2022, and net debt was $740.3M compared with $648.9M at the end of 2021.
Analyseartikel • Jul 27

Should You Think About Buying Glatfelter Corporation (NYSE:GLT) Now?

Glatfelter Corporation ( NYSE:GLT ), might not be a large cap stock, but it saw significant share price movement during...
Analyseartikel • Jun 27

Glatfelter (NYSE:GLT) Is Due To Pay A Dividend Of US$0.14

Glatfelter Corporation's ( NYSE:GLT ) investors are due to receive a payment of US$0.14 per share on 1st of August...
Seeking Alpha • Jun 10

Glatfelter Corp.: Recent Pain Weakens The Case

Glatfelter Corporation has a history of growing revenue and cash flows. On top of this, shares are cheap on an absolute basis and likely fairly valued relative to similar firms. While the company looks like a 'buy' candidate, upside is limited because of recent pain the company has experienced.
Analyseartikel • May 09

Glatfelter (NYSE:GLT) Has Re-Affirmed Its Dividend Of US$0.14

The board of Glatfelter Corporation ( NYSE:GLT ) has announced that it will pay a dividend on the 1st of August, with...
Analyseartikel • Apr 29

Does Glatfelter (NYSE:GLT) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analyseartikel • Apr 06

Glatfelter Corporation (NYSE:GLT) Shares Could Be 21% Below Their Intrinsic Value Estimate

Does the April share price for Glatfelter Corporation ( NYSE:GLT ) reflect what it's really worth? Today, we will...
Seeking Alpha • Mar 08

Glatfelter: The Restructuring Process Is Completed

The company has restructured its business in order to focus on growth markets. This has caused an increase in the company's debt level. Inflationary pressures, albeit temporary, are severely damaging the company's margins. The company must focus on reducing its debt level once inflation stabilizes. The current 4.22% dividend yield on cost represents a good entry point for long-term dividend investors.
Analyseartikel • Feb 24

Glatfelter (NYSE:GLT) Will Pay A Dividend Of US$0.14

The board of Glatfelter Corporation ( NYSE:GLT ) has announced that it will pay a dividend on the 1st of May, with...
Analyseartikel • Feb 13

Glatfelter Corporation Just Missed EPS By 78%: Here's What Analysts Think Will Happen Next

It's been a mediocre week for Glatfelter Corporation ( NYSE:GLT ) shareholders, with the stock dropping 15% to US$14.54...
Analyseartikel • Nov 06

Glatfelter (NYSE:GLT) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Analyse der Finanzlage

Kurzfristige Verbindlichkeiten: GLTDie kurzfristigen Aktiva des Unternehmens ($586.1M) übersteigen seine kurzfristigen Passiva ($262.8M).

Langfristige Verbindlichkeiten: GLTDie kurzfristigen Vermögenswerte des Unternehmens ($586.1M) decken seine langfristigen Verbindlichkeiten ($1.1B) nicht.

Geschichte und Analyse des Verhältnisses von Schulden zu Eigenkapital

Verschuldungsgrad: GLTDie Nettoverschuldung im Verhältnis zum Eigenkapital (409.3%) wird als hoch angesehen.

Schulden abbauen: GLTDas Verhältnis von Schulden zu Eigenkapital ist in den letzten 5 Jahren von 65.3% auf 429.4% gestiegen.

Bilanz

Liquiditätsreserve-Analyse

Bei Unternehmen, die in der Vergangenheit im Durchschnitt Verluste gemacht haben, wird geprüft, ob sie über einen Liquiditätsvorlauf von mindestens einem Jahr verfügen.

Stabile Start- und Landebahn für Bargeld: GLT auf der Grundlage seines derzeitigen freier Cashflows über eine ausreichende Liquiditätsreserve für mehr als ein Jahr verfügt.

Vorhersage Cash Runway: GLT verfügt über eine ausreichende Liquiditätsreserve für 1.2 Jahre, wenn der freie Cashflow weiterhin mit historischen Raten von 53.8% pro Jahr abnimmt.

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Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2024/11/05 00:31
Aktienkurs zum Tagesende2024/11/04 00:00
Gewinne2024/09/30
Jährliche Einnahmen2023/12/31

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
  • Bilanz
Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
  • Kursziele der Analysten
Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.

Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

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Analysten-Quellen

Glatfelter Corporation wird von 4 Analysten beobachtet. 0 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.

AnalystEinrichtung
Mark WildeBMO Capital Markets Equity Research
Steven ChercoverD.A. Davidson & Co.
Deborah Jones HofmannDeutsche Bank