AMEX:LBY

Stock Analysis Report

Executive Summary

Libbey Inc. designs, produces, and sells tableware and other products in the United States, Canada, Latin America, Europe, the Middle East, Africa, and internationally.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Risks

  • Libbey has significant price volatility in the past 3 months.
  • Libbey is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Libbey's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.4%

LBY

-0.3%

US Consumer Durables

-0.2%

US Market


1 Year Return

-70.3%

LBY

14.8%

US Consumer Durables

1.1%

US Market

LBY underperformed the Consumer Durables industry which returned 13.9% over the past year.

LBY underperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

LBYIndustryMarket
7 Day-5.4%-0.3%-0.2%
30 Day66.3%2.5%2.5%
90 Day65.3%5.5%1.6%
1 Year-70.3%-70.3%16.3%14.8%3.4%1.1%
3 Year-82.4%-83.7%44.2%39.9%45.2%35.8%
5 Year-88.4%-89.6%37.2%28.8%62.6%44.8%

Price Volatility Vs. Market

How volatile is Libbey's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Libbey undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether Libbey is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Libbey has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of LBY’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Libbey regulatory filings.
  • Explore potentially undervalued companies in the Consumer Durables industry.

Future Growth

How is Libbey expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

2.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Libbey's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).

Unable to determine if Libbey is high growth as no earnings estimate data is available.

Libbey's revenue growth is positive but not above the United States of America market average.

Unable to compare Libbey's earnings growth to the United States of America market average as no estimate data is available.

Unable to compare Libbey's earnings growth to the low risk savings rate as no estimate data is available.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Libbey will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Libbey performed over the past 5 years?

-46.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Libbey does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Libbey's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Libbey's 1-year growth to the US Consumer Durables industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Libbey has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Libbey has efficiently used its assets last year compared to the US Consumer Durables industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Libbey improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Libbey's financial position?


Financial Position Analysis

Libbey is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Libbey's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Libbey has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Libbey's debt level has increased considering it has negative shareholder equity.

Debt is not well covered by operating cash flow (8.4%, less than 20% of total debt).

Libbey is making a loss, therefore interest payments are not well covered by earnings.


Balance Sheet

High level of physical assets or inventory.

Libbey has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Next Steps

Dividend

What is Libbey's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Libbey's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Libbey's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Libbey has not reported any payouts.

Unable to verify if Libbey's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Libbey has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Libbey's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Mike Bauer (54yo)

0.5yrs

Tenure

0

Mr. Michael P. Bauer, also known as Mike, is the Chief Executive Officer at Libbey Inc. since March 25, 2019. Mr. Bauer was President of The Master Lock Company LLC since December 2014 until 2018. Mr. Baue ...


Management Age and Tenure

1.8yrs

Average Tenure

53yo

Average Age

The average tenure for the Libbey management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.9yrs

Average Tenure

65.5yo

Average Age

The tenure for the Libbey board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$202,20412 Jul 19
Brigade Capital Management, LP
EntityCompany
Shares111,564
Max PriceUS$1.92
BuyUS$25,42810 May 19
Michael Bauer
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares10,000
Max PriceUS$2.55
BuyUS$17,71010 May 19
Ginger Jones
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares7,000
Max PriceUS$2.53
BuyUS$9,91521 Mar 19
James Burmeister
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares3,000
Max PriceUS$3.31
BuyUS$10,02014 Mar 19
William Foley
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares3,000
Max PriceUS$3.34
BuyUS$3,43414 Mar 19
John Orr
EntityIndividual
Role
Lead Director
Lead Director
Shares1,000
Max PriceUS$3.43
BuyUS$735,80017 Dec 18
Brigade Capital Management, LP
EntityCompany
Shares130,000
Max PriceUS$5.66

Ownership Breakdown


Management Team

  • Bill Foley (71yo)

    Executive Chairman

    • Tenure: 8.1yrs
    • Compensation: US$2.78m
  • Susan Kovach (59yo)

    Senior VP

    • Tenure: 15.2yrs
    • Compensation: US$712.77k
  • Bill Mossing (52yo)

    Senior VP & Chief Supply Chain Officer

    • Tenure: 1.8yrs
    • Compensation: US$613.96k
  • Antoine Jordans

    President & GM of Europe

    • Tenure: 1.7yrs
  • Mike Bauer (54yo)

    CEO & Director

    • Tenure: 0.5yrs
  • Jim Burmeister (51yo)

    Senior VP & CFO

    • Tenure: 2.5yrs
    • Compensation: US$785.60k
  • Klay Huddleston (48yo)

    Senior VP & Chief Digital Officer

    • Tenure: 1.8yrs
  • Christine Perry

    VP of Sales for U.S. & Canada

    • Tenure: 0yrs
  • Dave Anderson

    VP & Chief Information Officer

    • Tenure: 2.3yrs
  • Sarah Zibbel

    Senior VP & Chief Human Resources Officer

    • Tenure: 1.4yrs
    • Compensation: US$661.86k

Board Members

  • Bill Foley (71yo)

    Executive Chairman

    • Tenure: 8.1yrs
    • Compensation: US$2.78m
  • Debbie Miller (69yo)

    Independent Director

    • Tenure: 16.2yrs
    • Compensation: US$141.21k
  • Carol Moerdyk (69yo)

    Independent Director

    • Tenure: 21.6yrs
    • Compensation: US$141.21k
  • John Orr (68yo)

    Lead Director

    • Tenure: 3.7yrs
    • Compensation: US$177.21k
  • Ginger Jones (55yo)

    Independent Director

    • Tenure: 6.1yrs
    • Compensation: US$156.21k
  • Eileen Mallesch (63yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$143.71k
  • Steve Nave (49yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$136.21k
  • Mike Bauer (54yo)

    CEO & Director

    • Tenure: 0.5yrs

Company Information

Libbey Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Libbey Inc.
  • Ticker: LBY
  • Exchange: AMEX
  • Founded: 1818
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Market Cap: US$62.796m
  • Shares outstanding: 22.35m
  • Website: https://www.libbey.com

Number of Employees


Location

  • Libbey Inc.
  • 300 Madison Avenue
  • Toledo
  • Ohio
  • 43604
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LBYAMEX (NYSE MKT LLC)YesCommon StockUSUSDJun 1993
LB7DB (Deutsche Boerse AG)YesCommon StockDEEURJun 1993

Biography

Libbey Inc. designs, produces, and sells tableware and other products in the United States, Canada, Latin America, Europe, the Middle East, Africa, and internationally. It offers glass tableware products,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 00:15
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.