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GLT

GlatfelterNYSE:GLT Stock Report

Market Cap

US$733.3m

7D

-5.9%

1Y

1.4%

Updated

30 Nov, 2021

Data

Company Financials +
GLT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance2/6
Financial Health3/6
Dividends3/6

GLT Stock Overview

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

Glatfelter Competitors

Domtar

NYSE:UFS

US$2.8b

Schweitzer-Mauduit International

NYSE:SWM

US$902.9m

Neenah

NYSE:NP

US$779.1m

Clearwater Paper

NYSE:CLW

US$671.7m

Price History & Performance

Summary of all time highs, changes and price drops for Glatfelter
Historical stock prices
Current Share PriceUS$16.47
52 Week HighUS$19.48
52 Week LowUS$13.34
Beta1.45
1 Month Change0.24%
3 Month Change4.37%
1 Year Change1.42%
3 Year Change36.79%
5 Year Change-32.19%
Change since IPO-25.56%

Recent News & Updates

Nov 06
Glatfelter (NYSE:GLT) Has A Pretty Healthy Balance Sheet

Glatfelter (NYSE:GLT) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Oct 16
Calculating The Intrinsic Value Of Glatfelter Corporation (NYSE:GLT)

Calculating The Intrinsic Value Of Glatfelter Corporation (NYSE:GLT)

Today we will run through one way of estimating the intrinsic value of Glatfelter Corporation ( NYSE:GLT ) by...

Shareholder Returns

GLTUS ForestryUS Market
7D-5.9%-5.3%-2.8%
1Y1.4%50.8%20.0%

Return vs Industry: GLT underperformed the US Forestry industry which returned 50.8% over the past year.

Return vs Market: GLT underperformed the US Market which returned 20% over the past year.

Price Volatility

Is GLT's price volatile compared to industry and market?
GLT volatility
GLT Average Weekly Movement3.9%
Forestry Industry Average Movement6.1%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

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.

About the Company

FoundedEmployeesCEOWebsite
18643,300Dante Parrinihttps://www.glatfelter.com

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 Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate, consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, homecare, hygiene, and other engineered fiber-based applications.

Glatfelter Fundamentals Summary

How do Glatfelter's earnings and revenue compare to its market cap?
GLT fundamental statistics
Market CapUS$733.33m
Earnings (TTM)US$27.08m
Revenue (TTM)US$985.52m

27.1x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GLT income statement (TTM)
RevenueUS$985.52m
Cost of RevenueUS$820.45m
Gross ProfitUS$165.07m
ExpensesUS$138.00m
EarningsUS$27.08m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.61
Gross Margin16.75%
Net Profit Margin2.75%
Debt/Equity Ratio82.1%

How did GLT perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

90%

Payout Ratio

Valuation

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

3.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GLT ($16.47) is trading below our estimate of fair value ($17.08)

Significantly Below Fair Value: GLT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GLT is poor value based on its PE Ratio (27.1x) compared to the US Forestry industry average (8.5x).

PE vs Market: GLT is poor value based on its PE Ratio (27.1x) compared to the US market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: GLT is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: GLT's PB Ratio (1.3x) 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?

38.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLT's forecast earnings growth (38.8% per year) is above the savings rate (2%).

Earnings vs Market: GLT's earnings (38.8% per year) are forecast to grow faster than the US market (14.2% per year).

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

Revenue vs Market: GLT's revenue (20.6% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: GLT's revenue (20.6% per year) is forecast to grow faster 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?

-7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLT has high quality earnings.

Growing Profit Margin: GLT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GLT's earnings have declined by 7.5% 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 (172.7%).


Return on Equity

High ROE: GLT's Return on Equity (4.8%) is considered low.


Financial Health

How is Glatfelter's financial position?


Financial Position Analysis

Short Term Liabilities: GLT's short term assets ($515.1M) exceed its short term liabilities ($274.7M).

Long Term Liabilities: GLT's short term assets ($515.1M) do not cover its long term liabilities ($618.6M).


Debt to Equity History and Analysis

Debt Level: GLT's net debt to equity ratio (64.3%) is considered high.

Reducing Debt: GLT's debt to equity ratio has increased from 54.8% to 82.1% over the past 5 years.

Debt Coverage: GLT's debt is well covered by operating cash flow (26.4%).

Interest Coverage: GLT's interest payments on its debt are well covered by EBIT (8.5x coverage).


Balance Sheet


Dividend

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

3.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GLT's dividend (3.4%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: GLT's dividend (3.4%) is low compared to the top 25% of dividend payers in the US market (3.63%).


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 (90.4%), 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?

7.3yrs

Average management tenure


CEO

Dante Parrini (56 yo)

10.83yrs

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 ($USD4.56M) is above average for companies of similar size in the US market ($USD2.29M).

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 (7.3 years average tenure).


Board Members

Experienced Board: GLT's board of directors are seasoned and experienced ( 10.5 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 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$733.328m
  • Shares outstanding: 44.53m
  • Website: https://www.glatfelter.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 23:55
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
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.