NYSE:GLT

Stock Analysis Report

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Market Cap

US$630.3m

Last Updated

2021/06/23 06:37 UTC

Data Sources

Company Financials +

Executive Summary

Glatfelter Corporation, together with its subsidiaries, manufactures and sells engineered materials worldwide. More Details


Snowflake Analysis

Adequate balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: GLT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GLT's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.8%

GLT

-1.9%

US Forestry

-0.1%

US Market


1 Year Return

-4.3%

GLT

82.8%

US Forestry

39.0%

US Market

Return vs Industry: GLT underperformed the US Forestry industry which returned 81.3% over the past year.

Return vs Market: GLT underperformed the US Market which returned 39% over the past year.


Shareholder returns

GLTIndustryMarket
7 Day-0.8%-1.9%-0.1%
30 Day-3.3%-8.3%2.6%
90 Day-15.1%12.7%8.0%
1 Year-0.9%-4.3%88.3%82.8%41.2%39.0%
3 Year-19.0%-27.1%32.1%19.4%62.4%52.3%
5 Year-13.0%-25.0%77.7%56.6%132.3%106.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

28.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GLT ($14.18) is trading above our estimate of fair value ($10.97)

Significantly Below Fair Value: GLT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GLT is poor value based on its PE Ratio (28.9x) compared to the US Forestry industry average (13.1x).

PE vs Market: GLT is poor value based on its PE Ratio (28.9x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: GLT is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: GLT's PB Ratio (1.1x) is in line with the US Forestry industry average.


Future Growth

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

36.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLT's forecast earnings growth (36.5% per year) is above the savings rate (2%).

Earnings vs Market: GLT's earnings (36.5% per year) are forecast to grow faster than the US market (15.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GLT's revenue (7.3% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: GLT's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GLT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Glatfelter performed over the past 5 years?

-47.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLT has a large one-off loss of $16.0M impacting its March 31 2021 financial results.

Growing Profit Margin: GLT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GLT's earnings have declined by 47.6% per year over the past 5 years.

Accelerating Growth: GLT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GLT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Forestry industry (323.1%).


Return on Equity

High ROE: GLT's Return on Equity (3.8%) is considered low.


Financial Health

How is Glatfelter's financial position?


Financial Position Analysis

Short Term Liabilities: GLT's short term assets ($463.1M) exceed its short term liabilities ($235.7M).

Long Term Liabilities: GLT's short term assets ($463.1M) exceed its long term liabilities ($461.1M).


Debt to Equity History and Analysis

Debt Level: GLT's debt to equity ratio (53.7%) is considered high.

Reducing Debt: GLT's debt to equity ratio has increased from 52.8% to 53.7% over the past 5 years.

Debt Coverage: GLT's debt is well covered by operating cash flow (34.9%).

Interest Coverage: GLT's interest payments on its debt are well covered by EBIT (9.8x coverage).


Balance Sheet


Dividend

What is Glatfelter current dividend yield, its reliability and sustainability?

3.95%

Current Dividend Yield


Upcoming Dividend Payment

TodayJun 23 2021Ex Dividend DateJun 30 2021Dividend Pay DateAug 02 202133 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: GLT's dividend (3.95%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: GLT's dividend (3.95%) is in the top 25% of dividend payers in the US market (3.44%)


Stability and Growth of Payments

Stable Dividend: GLT's dividends per share have been stable in the past 10 years.

Growing Dividend: GLT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (110.1%), GLT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.9yrs

Average management tenure


CEO

Dante Parrini (55 yo)

10.42yrs

Tenure

US$4,561,385

Compensation

Mr. Dante C. Parrini has been the Chief Executive Officer and President of P. H. Glatfelter Company since January 1, 2011 and has been its Chairman since May 4, 2011 and has been its Director since June 3,...


CEO Compensation Analysis

Compensation vs Market: Dante's total compensation ($USD4.56M) is above average for companies of similar size in the US market ($USD2.34M).

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


Leadership Team

Experienced Management: GLT's management team is seasoned and experienced (6.9 years average tenure).


Board Members

Experienced Board: GLT's board of directors are seasoned and experienced ( 19.4 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Glatfelter Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Glatfelter Corporation
  • Ticker: GLT
  • Exchange: NYSE
  • Founded: 1864
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: US$630.325m
  • Shares outstanding: 44.45m
  • Website: https://www.glatfelter.com

Number of Employees


Location

  • Glatfelter Corporation
  • Capitol Towers South
  • 4350 Congress Street
  • Charlotte
  • North Carolina
  • 28209
  • United States

Listings


Biography

Glatfelter Corporation, together with its subsidiaries, manufactures and sells engineered materials worldwide. It operated through two segments, Composite Fibers and Airlaid Materials. The company’s Compos...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/23 06:37
End of Day Share Price2021/06/22 00:00
Earnings2021/03/31
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.