NYSE:GLT

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Reasonable growth potential average 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


Market Performance


7 Day Return

3.2%

GLT

3.2%

US Forestry

1.0%

US Market


1 Year Return

-18.1%

GLT

-9.1%

US Forestry

6.7%

US Market

Return vs Industry: GLT underperformed the US Forestry industry which returned -9.1% over the past year.

Return vs Market: GLT underperformed the US Market which returned 6.7% over the past year.


Share holder returns

GLTIndustryMarket
7 Day3.2%3.2%1.0%
30 Day-7.9%-2.2%-1.8%
90 Day-10.5%-6.1%-1.8%
1 Year-14.9%-18.1%-6.0%-9.1%9.1%6.7%
3 Year-26.3%-32.6%15.8%7.7%46.1%36.6%
5 Year-27.4%-36.5%9.3%-2.2%66.9%48.6%

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

93.5x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: GLT ($14.69) is trading above our estimate of fair value ($10.42)

Significantly Undervalued: GLT is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: GLT is poor value based on its PE Ratio (93.5x) compared to the Forestry industry average (9.8x).

PE vs Market: GLT is poor value based on its PE Ratio (93.5x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: GLT is poor value based on its PEG Ratio (1.1x)


Price Based on Value of Assets

PB vs Industry: GLT is overvalued based on its PB Ratio (1.2x) compared to the US Forestry industry average (1.2x).


Next Steps

Future Growth

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

84.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: GLT's forecast earnings growth (84% per year) is above the savings rate (2.7%).

Earnings vs Market: GLT's earnings (84% per year) are forecast to grow faster than the US market (14.5% per year).

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

Revenue vs Market: GLT's revenue (8.5% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: GLT's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: GLT's Return on Equity is forecast to be low in 3 years time (9.1%).


Next Steps

Past Performance

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

-54.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GLT's earnings have declined by -54.5% 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 (88%).


Return on Equity

High ROE: GLT's Return on Equity (1.3%) is considered low.


Return on Assets

ROA vs Industry: GLT's Return on Assets is below or equal to the Forestry industry average last year.


Return on Capital Employed

ROCE Improving: GLT's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: GLT's short term assets ($430.4M) exceeds its short term liabilities ($225.1M)

Long Term Liabilities: GLT's short term assets (430.4M) do not cover its long term liabilities (527.7M)


Debt to Equity History and Analysis

Debt Level: GLT's debt to equity ratio (70.9%) is considered high

Reducing Debt: GLT's debt to equity ratio has increased from 60% to 70.9% over the past 5 years.

Debt Coverage: GLT's debt is well covered by operating cash flow (83.1%).

Interest Coverage: GLT's interest payments on its debt are well covered by EBIT (3.3x coverage).


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 1.117760x debt).


Next Steps

Dividend

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

3.54%

Expected Dividend Yield


Dividend Yield vs Market

company3.5%marketbottom25%1.5%markettop25%3.8%industryaverage3.3%forecastin3Years3.5%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: GLT's dividend (3.54%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: GLT's dividend (3.54%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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 (331%), GLT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GLT's dividends in 3 years are forecast to be well covered by earnings (44.2% payout ratio).


Next Steps

Management

What is the CEO of P. H. Glatfelter's salary, the management and board of directors tenure and is there insider trading?

4.7yrs

Average management tenure


CEO

Dante Parrini (54yo)

8.8yrs

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 ($USD2.79M) is about average for companies of similar size in the US market ($USD2.71M).

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


Management Age and Tenure

4.7yrs

Average Tenure

50yo

Average Age

Experienced Management: GLT's management team is considered experienced (4.7 years average tenure).


Board Age and Tenure

17.8yrs

Average Tenure

66yo

Average Age

Experienced Board: GLT's board of directors are seasoned and experienced ( 17.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$22,20003 Jun 19
Nicholas DeBenedictis
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,500
Max PriceUS$14.80
BuyUS$90,00024 May 19
Nicholas DeBenedictis
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares6,000
Max PriceUS$15.25
BuyUS$37,02521 May 19
Nicholas DeBenedictis
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,500
Max PriceUS$14.81
SellUS$105,75003 May 19
Christopher Astley
EntityIndividual
Role
Senior Key Executive
Senior VP & Chief Commercial Officer
Shares7,000
Max PriceUS$15.11

Ownership Breakdown


Management Team

  • Dante Parrini (54yo)

    Chairman

    • Tenure: 8.8yrs
    • Compensation: US$2.79m
  • David Elder (50yo)

    Chief Accounting Officer & VP of Finance

    • Tenure: 13.3yrs
  • Joseph Zakutney (56yo)

    VP of Global Business Services & Chief Information Officer

    • Tenure: 4.1yrs
  • Chris Astley (46yo)

    Senior VP & Chief Commercial Officer

    • Tenure: 5.7yrs
    • Compensation: US$836.66k
  • Wolfgang Laures (50yo)

    Senior Vice President of Global Supply Chain

    • Tenure: 0.08yrs
  • Ramesh Shettigar

    VP & Treasurer

    • Tenure: 5.3yrs
  • Sam Hillard (37yo)

    Senior VP & CFO

    • Tenure: 0.6yrs
    • Compensation: US$1.00m
  • Eileen Beck (56yo)

    Vice President of Global Human Resources & Administration

    • Tenure: 2.6yrs
  • Jill Urey

    VP, Deputy General Counsel & Corporate Secretary

    • Tenure: 0yrs
  • Philippe Sevoz

    Vice President of Global Operations

    • Tenure: 0yrs

Board Members

  • Nick DeBenedictis (74yo)

    Independent Director

    • Tenure: 24.8yrs
    • Compensation: US$194.33k
  • Ronald Naples (73yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$193.33k
  • Dante Parrini (54yo)

    Chairman

    • Tenure: 8.8yrs
    • Compensation: US$2.79m
  • Lee Stewart (70yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$206.33k
  • Kathleen Dahlberg (66yo)

    Independent Director

    • Tenure: 18.8yrs
    • Compensation: US$194.33k
  • J. Hall (66yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$202.83k
  • Kevin Fogarty (53yo)

    Independent Lead Director

    • Tenure: 0yrs
    • Compensation: US$208.33k
  • Bruce Brown (61yo)

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: US$192.83k

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$648.874m
  • 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 s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:19
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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