NYSE:GLT

Stock Analysis Report

Executive Summary

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells engineered materials worldwide.

Rewards

Earnings are forecast to grow 86.85% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 3.19% is not well covered by earnings



Snowflake Analysis

Moderate growth potential second-rate dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: GLT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.9%

GLT

-2.3%

US Forestry

0.5%

US Market


1 Year Return

14.9%

GLT

-8.6%

US Forestry

20.3%

US Market

Return vs Industry: GLT exceeded the US Forestry industry which returned -8.6% over the past year.

Return vs Market: GLT underperformed the US Market which returned 20.3% over the past year.


Shareholder returns

GLTIndustryMarket
7 Day-5.9%-2.3%0.5%
30 Day-8.9%-2.5%2.0%
90 Day-7.4%-1.4%9.4%
1 Year18.7%14.9%-5.8%-8.6%22.8%20.3%
3 Year-22.1%-28.9%6.6%-1.5%50.1%40.4%
5 Year-24.7%-34.4%-1.2%-13.0%73.1%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.33x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: GLT ($16.28) is trading above our estimate of fair value ($5.89)

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


Price To Earnings Ratio

PE vs Industry: GLT is unprofitable, so we can't compare its PE Ratio to the Forestry industry average.

PE vs Market: GLT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GLT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GLT is overvalued based on its PB Ratio (1.3x) compared to the US Forestry industry average (1.1x).


Next Steps

Future Growth

How is P. H. Glatfelter forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

86.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: GLT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GLT's is expected to become profitable in the next 3 years.

Revenue vs Market: GLT's revenue (3.7% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: GLT's revenue (3.7% 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


Next Steps

Past Performance

How has P. H. Glatfelter performed over the past 5 years?

-59.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLT is currently unprofitable.

Growing Profit Margin: GLT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GLT is unprofitable, and losses have increased over the past 5 years at a rate of -59.1% per year.

Accelerating Growth: Unable to compare GLT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GLT is unprofitable, making it difficult to compare its past year earnings growth to the Forestry industry (1%).


Return on Equity

High ROE: GLT has a negative Return on Equity (-4.68%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is P. H. Glatfelter's financial position?


Financial Position Analysis

Short Term Liabilities: GLT's short term assets ($409.3M) exceed its short term liabilities ($217.4M).

Long Term Liabilities: GLT's short term assets ($409.3M) do not cover its long term liabilities ($489.4M).


Debt to Equity History and Analysis

Debt Level: GLT's debt to equity ratio (65.3%) is considered high.

Reducing Debt: GLT's debt to equity ratio has increased from 62.3% to 65.3% over the past 5 years.


Balance Sheet

Inventory Level: GLT has a high level of physical assets or inventory.

Debt Coverage by Assets: GLT's debt is covered by short term assets (assets are 1.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GLT has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: GLT has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is P. H. Glatfelter's current dividend yield, its reliability and sustainability?

3.19%

Current Dividend Yield


Dividend Yield vs Market

company3.2%marketbottom25%1.4%markettop25%3.7%industryaverage3.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: GLT's dividend (3.19%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: GLT's dividend (3.19%) is low compared to the top 25% of dividend payers in the US market (3.73%).


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: GLT is paying a dividend but the company is unprofitable.


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?

5.0yrs

Average management tenure


CEO

Dante Parrini (54yo)

9.1yrs

Tenure

US$2,789,907

Compensation

Mr. Dante C. Parrini has been the Chief Executive Officer of PH Glatfelter Co. since January 2011. Mr. Parrini has been President at PH Glatfelter Co. since January 2011 and served as its President since F ...


CEO Compensation Analysis

Compensation vs Market: Dante's total compensation ($USD2.79M) is about average for companies of similar size in the US market ($USD2.50M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Dante Parrini
Chairman9.1yrsUS$2.79m0.72% $5.3m
Samuel Hillard
Senior VP & CFO0.9yrsUS$1.00m0.026% $187.8k
Christopher Astley
Senior VP & Chief Commercial Officer6yrsUS$836.66k0.048% $352.6k
Philippe Sevoz
Vice President of Global Operations0yrsno data0.0020% $14.4k
David Elder
Chief Accounting Officer & VP of Finance13.6yrsno data0.093% $676.7k
Joseph Zakutney
VP of Global Business Services & Chief Information Officer4.4yrsno data0.022% $160.6k
Eileen Beck
Vice President of Global Human Resources & Administration2.9yrsno data0.013% $96.3k
Jill Urey
VP, Deputy General Counsel & Corporate Secretary0yrsno data0.0047% $34.4k
Wolfgang Laures
Senior Vice President of Global Supply Chain0.4yrsno datano data
Ramesh Shettigar
VP & Treasurer5.6yrsno datano data

5.0yrs

Average Tenure

50yo

Average Age

Experienced Management: GLT's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dante Parrini
Chairman9.1yrsUS$2.79m0.72% $5.3m
Nicholas DeBenedictis
Independent Director25.1yrsUS$194.33k0.20% $1.5m
Ronald Naples
Independent Director20.1yrsUS$193.33k0.15% $1.1m
Lee Stewart
Independent Director18.1yrsUS$206.33k0.14% $1.0m
Kathleen Dahlberg
Independent Director19.1yrsUS$194.33k0.15% $1.1m
J. Hall
Independent Director18.1yrsUS$202.83k0.14% $1.1m
Kevin Fogarty
Independent Lead Director0yrsUS$208.33k0.078% $570.2k
Bruce Brown
Independent Director5.4yrsUS$192.83k0.055% $402.4k

18.1yrs

Average Tenure

66yo

Average Age

Experienced Board: GLT's board of directors are seasoned and experienced ( 18.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GLT insiders have only sold shares 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

P. H. Glatfelter Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: P. H. Glatfelter Company
  • Ticker: GLT
  • Exchange: NYSE
  • Founded: 1864
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: US$729.707m
  • Shares outstanding: 44.17m
  • Website: https://www.glatfelter.com

Number of Employees


Location

  • P. H. Glatfelter Company
  • 96 South George Street
  • Suite 520
  • York
  • Pennsylvania
  • 17401
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLTNYSE (New York Stock Exchange)YesCommon StockUSUSDAug 1973
GLNDB (Deutsche Boerse AG)YesCommon StockDEEURAug 1973

Biography

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells engineered materials worldwide. The company’s Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; wall covering base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminates, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other engineered fiber-based applications. Its Advanced Airlaid Materials business unit supplies absorbent cellulose-based airlaid nonwoven materials that are used to manufacture consumer products, such as feminine hygiene, specialty wipe, table top, adult incontinence, home care, and other consumer products. P. H. Glatfelter Company markets its products directly, as well as through brokers and agents. The company was founded in 1864 and is headquartered in York, Pennsylvania. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 23:59
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.