Graf Industrial Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with industrial companies in diversified industrial manufacturing, technology, distribution, and service businesses in the United States and Canada.
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
In this section, we usually try to help investors determine whether Graf Industrial is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Graf Industrial 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. You can see them here.
Show me the analysis anyway
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Graf Industrial. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Graf Industrial's earnings available for a low price, and how does
this compare to other companies in the same industry?
Unable to compare the PB ratio to the industry average as no data exists.
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 Graf Industrial's regulatory filings and announcements.
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Graf Industrial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Graf Industrial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Graf Industrial's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Graf Industrial's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Graf Industrial is high growth as no earnings estimate data is available.
Unable to determine if Graf Industrial is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Graf Industrial has not provided sufficient past data to assess its track record.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data. You can see them here.
Show me the analysis anyway
No data on Graf Industrial's last earnings update.
The past performance of a company can be measured by how much
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Graf Industrial's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
Insufficient past earnings data to establish if Graf Industrial's year on year earnings growth rate was positive over the past 5 years.
Unable to compare Graf Industrial's 1-year growth to the 5-year average as past earnings data has not been reported.
Unable to compare Graf Industrial's 1-year growth to the US Capital Markets industry average as past earnings data has not been reported.
Earnings and Revenue History
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Graf Industrial's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
In this section we usually analyse Graf Industrial's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Graf Industrial has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information. You can see them here.
Show me the analysis anyway
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Graf Industrial's finances.
The net worth of a company is the difference between its assets and liabilities.
Unable to compare short term assets to short term liabilities as Graf Industrial has not reported sufficient balance sheet data.
Unable to establish if Graf Industrial's long term commitments exceed its cash and other short term assets as Graf Industrial has not reported sufficient balance sheet data.
This treemap shows a more detailed breakdown of
Graf Industrial's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Unable to establish if Graf Industrial has a high level of physical assets or inventory without balance sheet data.
Unable to verify if debt is covered by short term assets as Graf Industrial has not reported sufficient balance sheet data.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
All data from Graf Industrial Company Filings, last reported .
Unable to establish if Graf Industrial's level of debt is high without past debt data.
Unable to establish if Graf Industrial's debt level has increased without past 5-year debt data.
Unable to verify if debt is well covered by operating cash flow as Graf Industrial has not reported sufficient balance sheet data.
Unable to confirm if the interest payments on Graf Industrial's debt are well covered by earnings due to lack of past financial data.
Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. Graf Industrial's cash and debt levels may be found in its annual reports archived here.
Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Graf Industrial's financial data was last updated here.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. James A. Graf has been the Chief Executive Officer and a Director at Graf Industrial Corp. since June 2018. He is the Co-Owner at Graf Acquisition LLC. He has been a Director of Platinum Eagle Acquisition since January 11, 2018. Mr. Graf served as Chief Financial Officer, Vice President and Treasurer at Double Eagle Acquisition Corp. since July 1, 2015 until November 2017 and its Principal Accounting Officer. Mr. Graf has been Special Advisor to Global Eagle Entertainment Inc. since 2013. He has been a Special Advisor to Videocon d2h Limited since April 2015. He served as a special advisor to VDTH from 2015 to 2016. Mr. Graf serves as Chief Executive of PSI Capital Inc. Mr. Graf served as the Chief Financial Officer, Vice President, Treasurer and Secretary of Silver Eagle Acquisition Corp. since April 11, 2013 and served as its Principal Accounting Officer. He served as the Chief Financial Officer, Vice President, Treasurer and Secretary of Global Eagle Entertainment Inc. (formerly, Global Eagle Acquisition Corp.) since its inception on February 2, 2011 until January 2013 and served as its Principal Accounting Officer. He served as General Manager of Global Eagle Entertainment Inc. Since late 2008, Mr. Graf served as a Managing Director of TC Capital Pte. Ltd. From 2007 to 2008, he was engaged as a Consultant to provide Financial Advisory Services to Metro-Goldwyn-Mayer, Inc. In 2001, he founded and served as Chief Executive Officer of Praedea Solutions, Inc. from 2006 to 2007. Prior to founding Praedea, Mr. Graf served as Managing Director at Merrill Lynch from 1998 to 2000 and a Consultant to Merrill Lynch in 2001. From 1996 to 1998, he served as Managing Director and President of Deutsche Bank’s investment banking entity in Hong Kong, Deutsche Morgan Grenfell (Hong Kong) Ltd. From 1993 to 1996, he served as Vice President at Smith Barney in Hong Kong and Los Angeles. From 1987 to 1993, Mr. Graf served as an Analyst and Associate at Morgan Stanley in New York, Los Angeles and Hong Kong. He was Vice Chairman of Global Entertainment AG, the German entity holding GEE’s equity in AIA from 2013 to 2014. Since April 2013, Mr. Graf has been a Director of Mark Sutherland Media LLC (d/b/a Static Beach). He served as Director of Deutsche Bank’s investment banking entity in Hong Kong, Deutsche Morgan Grenfell (Hong Kong) Ltd. Mr. Graf received a Bachelor of Arts degree from the University of Chicago in 1987.
Insufficient data for James to compare compensation growth.
Insufficient data for James to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
CEO & Director
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Graf Industrial board of directors is less than 3 years, this suggests a new board.
Graf Industrial Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with industrial companies in diversified industrial manufacturing, technology, distribution, and service businesses in the United States and Canada. The company was founded in 2018 and is based in Houston, Texas.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.