Market Cap
US$1.2b
Last Updated
2020/02/16 23:40 UTC
Data Sources
Company Financials +
Executive Summary
Ferro Corporation produces specialty materials in the United States and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has Ferro's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FOE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.7%
FOE
1.6%
US Chemicals
1.5%
US Market
1 Year Return
-15.8%
FOE
-3.7%
US Chemicals
20.1%
US Market
Return vs Industry: FOE underperformed the US Chemicals industry which returned -3.7% over the past year.
Return vs Market: FOE underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| FOE | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | 1.6% | 1.5% |
| 30 Day | -2.3% | -1.2% | 1.4% |
| 90 Day | 13.9% | 0.2% | 8.7% |
| 1 Year | -15.8%-15.8% | 10.1%-3.7% | 22.7%20.1% |
| 3 Year | 3.3%3.3% | 29.9%5.2% | 50.1%40.5% |
| 5 Year | 17.9%17.9% | 38.3%8.3% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Ferro's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Ferro Corporation (NYSE:FOE) Investing Your Capital Efficiently?2 weeks ago | Simply Wall St
Is Ferro (NYSE:FOE) A Risky Investment?1 month ago | Simply Wall St
Did Ferro Corporation (NYSE:FOE) Insiders Buy Up More Shares?Valuation
Is Ferro undervalued compared to its fair value and its price relative to the market?
38.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FOE ($14.65) is trading below our estimate of fair value ($23.62)
Significantly Below Fair Value: FOE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FOE is poor value based on its PE Ratio (25x) compared to the Chemicals industry average (22.2x).
PE vs Market: FOE is poor value based on its PE Ratio (25x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: FOE is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: FOE is overvalued based on its PB Ratio (3.2x) compared to the US Chemicals industry average (2.2x).
Next Steps
Future Growth
How is Ferro forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
17.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FOE's forecast earnings growth (17.7% per year) is above the savings rate (1.7%).
Earnings vs Market: FOE's earnings (17.7% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: FOE's earnings are forecast to grow, but not significantly.
Revenue vs Market: FOE's revenue is expected to decline over the next 3 years (-6.6% per year).
High Growth Revenue: FOE's revenue is forecast to decline over the next 3 years (-6.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FOE's Return on Equity is forecast to be high in 3 years time (25%)
Next Steps
Past Performance
How has Ferro performed over the past 5 years?
9.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FOE has a large one-off loss of $21.2M impacting its September 30 2019 financial results.
Growing Profit Margin: FOE's current net profit margins (3.1%) are lower than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: FOE's earnings have grown by 9.2% per year over the past 5 years.
Accelerating Growth: FOE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FOE had negative earnings growth (-20.1%) over the past year, making it difficult to compare to the Chemicals industry average (-14.6%).
Return on Equity
High ROE: FOE's Return on Equity (12.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Ferro's financial position?
Financial Position Analysis
Short Term Liabilities: FOE's short term assets ($843.8M) exceed its short term liabilities ($322.7M).
Long Term Liabilities: FOE's short term assets ($843.8M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: FOE's debt to equity ratio (222.3%) is considered high.
Reducing Debt: FOE's debt to equity ratio has increased from 90.6% to 222.3% over the past 5 years.
Debt Coverage: FOE's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: FOE's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
Inventory Level: FOE has a high level of physical assets or inventory.
Debt Coverage by Assets: FOE's debt is not covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is Ferro's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate FOE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FOE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FOE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FOE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FOE is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FOE'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?
5.4yrs
Average management tenure
CEO
Peter Thomas (63yo)
6.8yrs
Tenure
US$4,853,673
Compensation
Mr. Peter T. Thomas has been the Chief Executive Officer and President of Ferro Corporation since April 24, 2013. Mr. Thomas served as Interim Chief Executive Officer and Interim President at Ferro Corpora ...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD4.85M) is about average for companies of similar size in the US market ($USD3.76M).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.8yrs | US$4.85m | 0.83% $9.9m | |
| Group VP & CFO | 3.4yrs | US$1.28m | 0.024% $293.8k | |
| VP, General Counsel & Secretary | 11.4yrs | US$1.26m | 0.24% $2.9m | |
| Group Vice President of Global Operations | 1.1yrs | no data | no data | |
| Interim Principal Accounting Officer | 0.4yrs | no data | 0.0037% $43.8k | |
| Head of Investor Relations | 0yrs | no data | no data | |
| Director of Corporate Communications | 13.8yrs | no data | no data | |
| Vice President of Human Resources | 3.9yrs | no data | no data | |
| Chief Tax Officer | 12.3yrs | no data | no data |
5.4yrs
Average Tenure
57yo
Average Age
Experienced Management: FOE's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.8yrs | US$4.85m | 0.83% $9.9m | |
| Independent Director | 3.3yrs | US$182.69k | 0.0061% $73.3k | |
| Independent Director | 10.2yrs | US$189.45k | 0.044% $534.0k | |
| Independent Director | 2.3yrs | US$169.45k | 0.0024% $29.3k | |
| Lead Director | 2.1yrs | US$207.95k | 0.027% $322.3k | |
| Independent Director | 3.3yrs | US$169.45k | 0.011% $131.9k |
3.3yrs
Average Tenure
59.5yo
Average Age
Experienced Board: FOE's board of directors are considered experienced (3.3 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
Ferro Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ferro Corporation
- Ticker: FOE
- Exchange: NYSE
- Founded: 1919
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: US$1.201b
- Shares outstanding: 81.97m
- Website: https://www.ferro.com
Number of Employees
Location
- Ferro Corporation
- 6060 Parkland Boulevard
- Suite 250
- Mayfield Heights
- Ohio
- 44124
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FOE | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| FR9 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:40 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.