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EAF

GrafTech InternationalNYSE:EAF Stock Report

Market Cap

US$3.0b

7D

2.1%

1Y

50.8%

Updated

24 Oct, 2021

Data

Company Financials +
EAF fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends0/6

EAF Overview

GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide.

GrafTech International Competitors

Phillips 66

NYSE:PSX

US$36.3b

Panasonic

TSE:6752

JP¥3.2t

FangDa Carbon New MaterialLtd

SHSE:600516

CN¥38.2b

Showa Denko K.K

TSE:4004

JP¥521.5b

Price History & Performance

Summary of all time highs, changes and price drops for GrafTech International
Historical stock prices
Current Share PriceUS$11.16
52 Week HighUS$5.87
52 Week LowUS$14.17
Beta1.1
1 Month Change7.00%
3 Month Change1.64%
1 Year Change50.81%
3 Year Change-27.86%
5 Year Changen/a
Change since IPO-22.77%

Recent News & Updates

Oct 14
At US$10.52, Is It Time To Put GrafTech International Ltd. (NYSE:EAF) On Your Watch List?

At US$10.52, Is It Time To Put GrafTech International Ltd. (NYSE:EAF) On Your Watch List?

GrafTech International Ltd. ( NYSE:EAF ), is not the largest company out there, but it saw significant share price...

Sep 18
An Intrinsic Calculation For GrafTech International Ltd. (NYSE:EAF) Suggests It's 37% Undervalued

An Intrinsic Calculation For GrafTech International Ltd. (NYSE:EAF) Suggests It's 37% Undervalued

Today we will run through one way of estimating the intrinsic value of GrafTech International Ltd. ( NYSE:EAF ) by...

Sep 05

GrafTech International Ltd.: Tailwinds Grow For 'Green Steel'

GrafTech is an interesting company trading at an even more interesting valuation. The company's involvement in the steel industry might suggest it's a simple investment case with low margins. Neither is true. We've been conducting periodic due diligence on GrafTech and think now is the right time to consider a long-term position. Careful attention is paid to weigh the pluses and minuses of this unique setup.

Aug 27
Why The 48% Return On Capital At GrafTech International (NYSE:EAF) Should Have Your Attention

Why The 48% Return On Capital At GrafTech International (NYSE:EAF) Should Have Your Attention

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...

Shareholder Returns

EAFUS ElectricalUS Market
7D2.1%1.7%1.7%
1Y50.8%45.4%30.3%

Return vs Industry: EAF exceeded the US Electrical industry which returned 45.4% over the past year.

Return vs Market: EAF exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is EAF's price volatile compared to industry and market?
EAF volatility
EAF Beta1.1
Industry Beta1.35
Market Beta1

Stable Share Price: EAF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: EAF's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18861,285Dave Rintoulhttps://www.graftech.com

GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes. The company sells its products primarily through direct sales force, independent sales representatives, and distributors.

GrafTech International Fundamentals Summary

How do GrafTech International's earnings and revenue compare to its market cap?
EAF fundamental statistics
Market CapUS$2.99b
Earnings (TTM)US$346.29m
Revenue (TTM)US$1.26b

8.6x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EAF income statement (TTM)
RevenueUS$1.26b
Cost of RevenueUS$611.91m
Gross ProfitUS$648.23m
ExpensesUS$301.94m
EarningsUS$346.29m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 05, 2021

Earnings per share (EPS)1.29
Gross Margin51.44%
Net Profit Margin27.48%
Debt/Equity Ratio-699.1%

How did EAF perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

3%

Payout Ratio

Valuation

Is GrafTech International undervalued compared to its fair value and its price relative to the market?

40.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EAF ($11.16) is trading below our estimate of fair value ($18.72)

Significantly Below Fair Value: EAF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EAF is good value based on its PE Ratio (8.6x) compared to the US Electrical industry average (23.7x).

PE vs Market: EAF is good value based on its PE Ratio (8.6x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: EAF is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: EAF has negative assets, so we can't compare its PB Ratio to the US Electrical industry average.


Future Growth

How is GrafTech International forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EAF's forecast earnings growth (6.3% per year) is above the savings rate (2%).

Earnings vs Market: EAF's earnings (6.3% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: EAF's earnings are forecast to grow, but not significantly.

Revenue vs Market: EAF's revenue (3% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: EAF's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EAF's Return on Equity is forecast to be very high in 3 years time (108.7%).


Past Performance

How has GrafTech International performed over the past 5 years?

37.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EAF has high quality earnings.

Growing Profit Margin: EAF's current net profit margins (27.5%) are lower than last year (39.4%).


Past Earnings Growth Analysis

Earnings Trend: EAF has become profitable over the past 5 years, growing earnings by 37% per year.

Accelerating Growth: EAF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EAF had negative earnings growth (-38.8%) over the past year, making it difficult to compare to the Electrical industry average (54.8%).


Return on Equity

High ROE: EAF's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is GrafTech International's financial position?


Financial Position Analysis

Short Term Liabilities: EAF has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: EAF has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: EAF has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: EAF's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: EAF's debt is well covered by operating cash flow (39.3%).

Interest Coverage: EAF's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


Dividend

What is GrafTech International current dividend yield, its reliability and sustainability?

0.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EAF's dividend (0.36%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: EAF's dividend (0.36%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: EAF is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: EAF is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: EAF is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EAF's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Dave Rintoul (63 yo)

3.58yrs

Tenure

US$2,433,525

Compensation

Mr. David J. Rintoul, also known as Dave, has been the President, Chief Executive Officer and Director of GrafTech International Ltd. since March 1, 2018. Mr. Rintoul served as Senior Vice President of Tub...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD2.43M) is below average for companies of similar size in the US market ($USD5.18M).

Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EAF's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: EAF's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

GrafTech International Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: GrafTech International Ltd.
  • Ticker: EAF
  • Exchange: NYSE
  • Founded: 1886
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: US$2.990b
  • Shares outstanding: 267.88m
  • Website: https://www.graftech.com

Number of Employees


Location

  • GrafTech International Ltd.
  • 982 Keynote Circle
  • Brooklyn Heights
  • Ohio
  • 44131
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 22:10
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.