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Ferro

NYSE:FOE
Snowflake Description

Reasonable growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FOE
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Ferro Corporation produces specialty materials in the United States and internationally. The last earnings update was 53 days ago. More info.


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  • Ferro has significant price volatility in the past 3 months.
FOE Share Price and Events
7 Day Returns
1.5%
NYSE:FOE
-0%
US Chemicals
2.2%
US Market
1 Year Returns
-27%
NYSE:FOE
-10.8%
US Chemicals
3.8%
US Market
FOE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ferro (FOE) 1.5% 8.6% -20.1% -27% 12% 22%
US Chemicals -0% 3.3% -4% -10.8% 21.2% 6.9%
US Market 2.2% 4.2% 4.4% 3.8% 43% 40.9%
1 Year Return vs Industry and Market
  • FOE underperformed the Chemicals industry which returned -10.8% over the past year.
  • FOE underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
FOE
Industry
5yr Volatility vs Market

FOE Value

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

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 undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ferro to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ferro.

NYSE:FOE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:FOE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.877 (1 + (1- 21%) (72.11%))
1.252
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.252 * 5.96%)
10.19%

Discounted Cash Flow Calculation for NYSE:FOE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ferro is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:FOE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.19%)
2019 116.70 Analyst x3 105.91
2020 131.18 Analyst x4 108.03
2021 128.50 Analyst x2 96.04
2022 127.70 Est @ -0.62% 86.62
2023 128.19 Est @ 0.38% 78.91
2024 129.58 Est @ 1.09% 72.39
2025 131.63 Est @ 1.58% 66.73
2026 134.16 Est @ 1.92% 61.72
2027 137.06 Est @ 2.17% 57.23
2028 140.27 Est @ 2.34% 53.15
Present value of next 10 years cash flows $786.71
NYSE:FOE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $140.27 × (1 + 2.73%) ÷ (10.19% – 2.73%)
$1,931.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,931.25 ÷ (1 + 10.19%)10
$731.76
NYSE:FOE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $786.71 + $731.76
$1,518.47
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,518.47 / 81.93
$18.53
NYSE:FOE Discount to Share Price
Calculation Result
Value per share (USD) From above. $18.53
Current discount Discount to share price of $15.35
= -1 x ($15.35 - $18.53) / $18.53
17.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ferro is available for.
Intrinsic value
17%
Share price is $15.35 vs Future cash flow value of $18.53
Current Discount Checks
For Ferro to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ferro's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Ferro's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Ferro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ferro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FOE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.84
NYSE:FOE Share Price ** NYSE (2019-06-21) in USD $15.35
United States of America Chemicals Industry PE Ratio Median Figure of 68 Publicly-Listed Chemicals Companies 18.05x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ferro.

NYSE:FOE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:FOE Share Price ÷ EPS (both in USD)

= 15.35 ÷ 0.84

18.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ferro is overvalued based on earnings compared to the US Chemicals industry average.
  • Ferro is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ferro's expected growth come at a high price?
Raw Data
NYSE:FOE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
25.7%per year
United States of America Chemicals Industry PEG Ratio Median Figure of 49 Publicly-Listed Chemicals Companies 1.35x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

NYSE:FOE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.23x ÷ 25.7%

0.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ferro is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Ferro's assets?
Raw Data
NYSE:FOE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.47
NYSE:FOE Share Price * NYSE (2019-06-21) in USD $15.35
United States of America Chemicals Industry PB Ratio Median Figure of 94 Publicly-Listed Chemicals Companies 2.03x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.81x
NYSE:FOE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:FOE Share Price ÷ Book Value per Share (both in USD)

= 15.35 ÷ 4.47

3.43x

* Primary Listing of Ferro.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ferro is overvalued based on assets compared to the US Chemicals industry average.
X
Value checks
We assess Ferro's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Ferro has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FOE Future Performance

 How is Ferro expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth 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 it right!
Annual Growth Rate
25.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ferro expected to grow at an attractive rate?
  • Ferro's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ferro's earnings growth is expected to exceed the United States of America market average.
  • Ferro's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:FOE Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:FOE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 25.7%
NYSE:FOE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.1%
United States of America Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United States of America Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:FOE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FOE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,918 1
2022-12-31 1,836 1
2021-12-31 1,762 203 151 4
2020-12-31 1,683 174 141 7
2019-12-31 1,619 191 110 6
NYSE:FOE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,594 150 70
2018-12-31 1,612 183 80
2018-09-30 1,594 86 60
2018-06-30 1,549 32 67
2018-03-31 1,482 49 59
2017-12-31 1,397 85 57
2017-09-30 1,301 91 45
2017-06-30 1,239 79 42
2017-03-31 1,188 74 46
2016-12-31 1,145 63 44
2016-09-30 1,129 26 123
2016-06-30 1,120 45 118

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ferro's earnings are expected to grow significantly at over 20% yearly.
  • Ferro's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
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.
Raw Data
NYSE:FOE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Ferro Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FOE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.88 1.88 1.88 1.00
2020-12-31 1.71 1.77 1.60 3.00
2019-12-31 1.32 1.34 1.30 2.00
NYSE:FOE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.84
2018-12-31 0.95
2018-09-30 0.72
2018-06-30 0.80
2018-03-31 0.70
2017-12-31 0.68
2017-09-30 0.54
2017-06-30 0.51
2017-03-31 0.55
2016-12-31 0.52
2016-09-30 1.47
2016-06-30 1.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ferro is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Ferro's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ferro has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FOE Past Performance

  How has Ferro performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ferro's growth in the last year to its industry (Chemicals).
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.
  • Ferro's year on year earnings growth rate has been positive over the past 5 years.
  • Ferro's 1-year earnings growth exceeds its 5-year average (20.1% vs 6.3%)
  • Ferro's earnings growth has exceeded the US Chemicals industry average in the past year (20.1% vs 9.2%).
Earnings and Revenue History
Ferro's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ferro Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FOE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,594.42 70.31 245.33 40.38
2018-12-31 1,612.41 80.09 245.71 40.22
2018-09-30 1,594.48 60.43 223.15 40.13
2018-06-30 1,549.33 67.19 220.61 40.49
2018-03-31 1,481.72 58.55 215.35 38.53
2017-12-31 1,396.74 57.05 204.46 36.36
2017-09-30 1,300.54 44.80 195.82 53.82
2017-06-30 1,239.05 42.33 199.83 44.30
2017-03-31 1,188.40 46.02 203.86 36.00
2016-12-31 1,145.29 43.65 211.44 27.33
2016-09-30 1,128.95 123.26 221.32
2016-06-30 1,119.78 117.95 215.71
2016-03-31 1,090.02 105.48 211.79
2015-12-31 1,075.34 100.88 181.48 25.57
2015-09-30 1,071.28 11.99 283.29
2015-06-30 1,067.67 -5.70 286.58
2015-03-31 1,093.67 -4.46 283.15
2014-12-31 1,111.63 -8.77 285.06
2014-09-30 1,126.54 78.22 137.63
2014-06-30 1,148.85 90.09 138.59
2014-03-31 1,173.65 71.39 147.18
2013-12-31 1,188.58 63.40 150.75
2013-09-30 1,312.52 -57.49 262.34
2013-06-30 1,423.32 -382.70 273.13
2013-03-31 1,579.85 -375.94 280.90
2012-12-31 1,267.70 -387.34 271.84
2012-09-30 1,787.53 -372.27 283.85 30.40
2012-06-30 1,924.78 -36.97 285.35 30.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ferro has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ferro used its assets less efficiently than the US Chemicals industry average last year based on Return on Assets.
  • Ferro's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ferro's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Ferro has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FOE Health

 How is Ferro's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ferro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ferro is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ferro's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ferro'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 checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from Ferro Company Filings, last reported 2 months ago.

NYSE:FOE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 375.90 906.90 57.64
2018-12-31 385.85 826.64 104.30
2018-09-30 388.00 933.97 126.28
2018-06-30 383.71 842.36 44.89
2018-03-31 391.31 808.96 53.30
2017-12-31 356.68 751.75 63.55
2017-09-30 347.11 692.07 52.21
2017-06-30 322.89 660.91 78.87
2017-03-31 286.33 634.97 92.83
2016-12-31 255.03 574.49 45.58
2016-09-30 316.16 487.32 40.56
2016-06-30 320.91 495.89 49.42
2016-03-31 303.54 504.36 55.87
2015-12-31 324.28 473.55 58.38
2015-09-30 312.24 426.28 69.49
2015-06-30 328.12 413.66 211.41
2015-03-31 309.29 308.28 105.18
2014-12-31 336.02 306.67 140.50
2014-09-30 341.15 309.17 95.29
2014-06-30 304.86 357.82 50.19
2014-03-31 292.86 357.96 41.09
2013-12-31 273.84 312.20 28.33
2013-09-30 216.70 337.78 35.85
2013-06-30 198.65 339.05 30.66
2013-03-31 204.81 340.70 32.90
2012-12-31 206.67 346.78 29.58
2012-09-30 274.14 337.31 24.82
2012-06-30 583.95 341.71 25.37
  • Ferro's level of debt (234.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (122.2% vs 234.1% today).
  • Debt is not well covered by operating cash flow (17%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).
X
Financial health checks
We assess Ferro's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ferro has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FOE Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ferro dividends.
If you bought $2,000 of Ferro shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ferro's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ferro's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:FOE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 54 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:FOE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
NYSE:FOE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2011-02-28 0.000 0.000
2010-10-25 0.000 0.000
2010-07-26 0.000 0.000
2010-04-27 0.000 0.000
2010-03-01 0.000 0.000
2009-10-27 0.000 0.000
2009-10-26 0.000 0.000
2009-08-04 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ferro has not reported any payouts.
  • Unable to verify if Ferro's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ferro's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ferro 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.
X
Income/ dividend checks
We assess Ferro's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ferro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ferro has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FOE Management

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

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.
CEO
Peter Thomas
COMPENSATION $4,853,673
AGE 62
TENURE AS CEO 6.2 years
CEO Bio

Mr. Peter T. Thomas has been the Chief Executive Officer and President of Ferro Corporation since April 24, 2013. Mr. Thomas served as Interim Chief Executive Officer and Interim President at Ferro Corporation from November 13, 2012 to April 24, 2013. Mr. Thomas served as an Operating Vice President of Ferro’s Polymer and Ceramic Engineered Materials of Ferro Corporation since 2009. He served as Vice President of Organic Specialties of Ferro Pfanstiehl Laboratories Inc. Mr. Thomas served as Vice President of Organic Specialties of Ferro Corporation since 2006. He served as Vice President of Pharmaceuticals and Fine Chemicals and Polymer Additives of Ferro Corporation since 2004. Mr. Thomas joined Ferro in 2000 as Director of Sales for Polymer Additives. Mr. Thomas served as Vice President of Pharmaceuticals and Fine Chemicals of Ferro Corporation since 2003 and its Worldwide Business Director, Pharmaceuticals and Fine Chemicals since 2002; Commercial Director, Performance and Fine Chemicals since 2001 and Commercial Director, Polymer Additives since 2000. He began his career with Ferro in 2000 and served as its Director of Sales for Polymer Additives. Prior to joining Ferro, from 1991 to 1999, Mr. Thomas held various positions at Witco Corporation. Prior to Ferro, Mr. Thomas served as Vice President of Oleochemical-Derivatives business unit of Witco Corporation and also served as its Vice President of Sales and Global Market Director. He served as Executive Vice President of Inland Leidy Chemical Distribution, Business Manager of GAF Corporation and previously with Noxell Corporation. He has been the Chairman and Director of Ferro Corporation since April 2014 and April 24, 2013 respectively. He has been an Independent Director of Innophos Holdings Inc since January 11, 2016 and serves as its Lead Independent Director since April 2018. He has been an Independent Director of Innophos, Inc since January 15, 2016. He serves on the Board of Trustees of Great Lakes Science Center in Cleveland. He serves as a member of the International Pharmaceutical Excipients Council, Soap and Detergents Association, the Society of Plastics Engineers and the American Production and Inventory Control Society (APICS). He earned his Master of Business Administration degree in marketing from Loyola College, Baltimore, Maryland and his Bachelor of Science degree in Chemistry from Duquesne University, Pittsburgh, Pennsylvania.

CEO Compensation
  • Peter's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Peter's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ferro management team in years:

4.7
Average Tenure
58
Average Age
  • The tenure for the Ferro management team is about average.
Management Team

Peter Thomas

TITLE
Chairman
COMPENSATION
$5M
AGE
62
TENURE
6.2 yrs

Ben Schlater

TITLE
Group VP & CFO
COMPENSATION
$1M
AGE
42
TENURE
2.8 yrs

Mark Duesenberg

TITLE
VP, General Counsel & Secretary
COMPENSATION
$1M
AGE
56
TENURE
10.8 yrs

Matthias Bell

TITLE
Group Vice President of Global Operations
TENURE
0.4 yrs

Jim Barna

TITLE
VP, Controller & Chief Accounting Officer
TENURE
2.8 yrs

Kevin Grant

TITLE
Head of Investor Relations

Callahan Abood

TITLE
Director of Corporate Communications
AGE
60
TENURE
13.1 yrs

Pepe Tortajada

TITLE
Vice President of Human Resources
TENURE
3.3 yrs

Judy DeForest

TITLE
Chief Tax Officer
TENURE
11.6 yrs
Board of Directors Tenure

Average tenure and age of the Ferro board of directors in years:

2.7
Average Tenure
58.5
Average Age
  • The average tenure for the Ferro board of directors is less than 3 years, this suggests a new board.
Board of Directors

Peter Thomas

TITLE
Chairman
COMPENSATION
$5M
AGE
62
TENURE
5.2 yrs

Ron Vargo

TITLE
Director
COMPENSATION
$189K
AGE
63
TENURE
9.5 yrs

David Lorber

TITLE
Lead Director
COMPENSATION
$208K
AGE
40
TENURE
1.4 yrs

Allen Spizzo

TITLE
Director
COMPENSATION
$183K
AGE
60
TENURE
2.7 yrs

Andy Ross

TITLE
Director
COMPENSATION
$169K
AGE
57
TENURE
2.7 yrs

Marran J. Ogilvie

TITLE
Director
COMPENSATION
$169K
AGE
50
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Ferro insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. May 19 Buy Allen Spizzo Individual 17. May 19 17. May 19 2,500 $15.33 $38,325
15. May 19 Buy David Lorber Individual 14. May 19 14. May 19 2,500 $15.51 $38,775
15. May 19 Buy Andrew Ross Individual 13. May 19 13. May 19 7,000 $15.47 $108,280
10. May 19 Buy Peter Thomas Individual 09. May 19 09. May 19 17,000 $15.92 $270,640
10. May 19 Buy Allen Spizzo Individual 09. May 19 09. May 19 2,500 $15.90 $39,750
19. Nov 18 Sell James Barna Individual 15. Nov 18 15. Nov 18 -7,500 $19.08 $-143,067
X
Management checks
We assess Ferro's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ferro has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FOE News

Simply Wall St News

What Does Ferro Corporation's (NYSE:FOE) Share Price Indicate?

It’s trading around 17% below my intrinsic value, which means if you buy Ferro today, you’d be paying a fair price for it. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … Will you have enough confidence to invest in the company should the price drop below its fair value?

Simply Wall St -

Ferro Corporation (NYSE:FOE) Has Attractive Fundamentals

Good value with reasonable growth potential FOE is an attractive stock for growth-seeking investors, with an expected earnings growth of 26% in the upcoming year underlying the notable 28% return on equity over the next few years leading up to 2022. … FOE's shares are now trading at a price below its true value based on its discounted cash flows, indicating a relatively pessimistic market sentiment. … Also, relative to the rest of its peers with similar levels of earnings, FOE's share price is trading below the group's average.

Simply Wall St -

Should You Be Concerned About Ferro Corporation's (NYSE:FOE) Historical Volatility?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market. … What this means for you: Since Ferro tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

Will Ferro Corporation's (NYSE:FOE) Earnings Grow In The Next 12 Months?

Based on Ferro Corporation's (NYSE:FOE) earnings update in December 2018, … as a 55% rise in profits is expected in the upcoming year,

Simply Wall St -

Is Ferro Corporation's (NYSE:FOE) High P/E Ratio A Problem For Investors?

We'll apply a basic P/E ratio analysis to Ferro Corporation's (NYSE:FOE), to help you decide if the stock is worth further research. … Looking at earnings over the last twelve months, Ferro has a P/E ratio of 18.67. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Ferro Corporation's (NYSE:FOE) CEO Paid At A Competitive Rate?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Peter Thomas's Compensation Compare With Similar Sized Companies. … Our data indicates that Ferro Corporation is worth US$1.3b, and total annual CEO compensation is US$5.5m.

Simply Wall St -

With A Return On Equity Of 16%, Has Ferro Corporation's (NYSE:FOE) Management Done Well?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Ferro has a return on equity of 16% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Now The Time To Look At Buying Ferro Corporation (NYSE:FOE)?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $23.82 at one point, and dropping to the lows of $15.87. … A question to answer is whether Ferro's current trading price of $17.33 reflective of the actual value of the? … Let’s take a look at Ferro’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Calculating The Fair Value Of Ferro Corporation (NYSE:FOE)

by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Should You Be Concerned About Ferro Corporation's (NYSE:FOE) Historical Volatility?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

FOE Company Info

Description

Ferro Corporation produces specialty materials in the United States and internationally. It operates through three segments: Performance Coatings, Performance Colors and Glass, and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings. Its products are used in appliances, household furnishings, automotive, industrial products, building and renovation, packaging, electronics, and sanitary applications. The company markets and sells its products directly, as well as through agents and distributors. Its customers include manufacturers of ceramic tiles, appliances, construction materials, automobile parts, automobiles, architectural and container glass, and electronic components and devices. The company was founded in 1919 and is headquartered in Mayfield Heights, Ohio.

Details
Name: Ferro Corporation
FOE
Exchange: NYSE
Founded: 1919
$1,257,647,419
81,931,428
Website: http://www.ferro.com
Address: Ferro Corporation
6060 Parkland Boulevard,
Suite 250,
Mayfield Heights,
Ohio, 44124,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE FOE Common Stock New York Stock Exchange US USD 02. Jan 1968
DB FR9 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
6,059
Ferro employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 23:38
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/06/03
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.