W. R. Grace
Market Cap
US$4.4b
Last Updated
2019/10/22 23:35 UTC
Data Sources
Company Financials +
Executive Summary
W. R. Grace & Co. produces and sells specialty chemicals and materials worldwide.
Snowflake
Fundamentals
Proven track record with reasonable growth potential.
Similar Companies
Share Price & News
How has W. R. Grace's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.5%
GRA
-0.9%
US Chemicals
0.07%
US Market
1 Year Return
3.9%
GRA
-3.9%
US Chemicals
8.9%
US Market
Return vs Industry: GRA exceeded the US Chemicals industry which returned -3.9% over the past year.
Return vs Market: GRA underperformed the US Market which returned 8.9% over the past year.
Shareholder returns
| GRA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | -0.9% | 0.07% |
| 30 Day | -2.4% | -2.4% | -0.3% |
| 90 Day | -13.1% | -4.0% | -1.6% |
| 1 Year | 5.4%3.9% | 10.3%-3.9% | 11.3%8.9% |
| 3 Year | 0.2%-3.8% | 39.6%13.0% | 46.3%36.8% |
| 5 Year | -7.4%-28.5% | 43.1%11.1% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is W. R. Grace's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
Does The W. R. Grace & Co. (NYSE:GRA) Share Price Tend To Follow The Market?1 month ago | Simply Wall St
Should You Be Impressed By W. R. Grace & Co.'s (NYSE:GRA) ROE?1 month ago | Simply Wall St
Why We Think W. R. Grace & Co. (NYSE:GRA) Could Be Worth Looking AtValuation
Is W. R. Grace undervalued compared to its fair value and its price relative to the market?
27.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GRA ($66.01) is trading below our estimate of fair value ($91.09)
Significantly Below Fair Value: GRA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GRA is poor value based on its PE Ratio (23.7x) compared to the Chemicals industry average (19.6x).
PE vs Market: GRA is poor value based on its PE Ratio (23.7x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: GRA is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: GRA is overvalued based on its PB Ratio (11.6x) compared to the US Chemicals industry average (2x).
Next Steps
Future Growth
How is W. R. Grace forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
20.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GRA's forecast earnings growth (20.8% per year) is above the savings rate (2.7%).
Earnings vs Market: GRA's earnings (20.8% 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: GRA's revenue (4.9% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: GRA's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GRA's Return on Equity is forecast to be very high in 3 years time (62.1%).
Next Steps
Past Performance
How has W. R. Grace performed over the past 5 years?
-21.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: GRA's earnings have declined by -21.6% per year over the past 5 years.
Accelerating Growth: GRA's earnings growth over the past year (2636.8%) exceeds its 5-year average (-21.6% per year).
Earnings vs Industry: GRA earnings growth over the past year (2636.8%) exceeded the Chemicals industry -2.9%.
Return on Equity
High ROE: Whilst GRA's Return on Equity (47.97%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
ROA vs Industry: GRA has a higher Return on Assets than the Chemicals industry average last year.
Return on Capital Employed
ROCE Improving: GRA has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is W. R. Grace's financial position?
Financial Position Analysis
Short Term Liabilities: GRA's short term assets ($1.0B) exceeds its short term liabilities ($679.5M)
Long Term Liabilities: GRA's short term assets (1.0B) do not cover its long term liabilities (2.7B)
Debt to Equity History and Analysis
Debt Level: GRA's debt to equity ratio (512.8%) is considered high
Reducing Debt: GRA's debt to equity ratio has increased from 190.4% to 512.8% over the past 5 years.
Debt Coverage: GRA's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: GRA's interest payments on its debt are well covered by EBIT (4.9x coverage).
Balance Sheet
Inventory Level: GRA has a high level of physical assets or inventory.
Debt Coverage by Assets: GRA's debt is not covered by short term assets (assets are 0.5x debt).
Next Steps
Dividend
What is W. R. Grace's current dividend yield, its reliability and sustainability?
1.64%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: GRA's dividend (1.64%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: GRA's dividend (1.64%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: Whilst dividend payments have been stable, GRA has been paying a dividend for less than 10 years.
Growing Dividend: GRA's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.7%), GRA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GRA's dividends in 3 years are forecast to be well covered by earnings (18.8% payout ratio).
Next Steps
Management
What is the CEO of W. R. Grace's salary, the management and board of directors tenure and is there insider trading?
3.6yrs
Average management tenure
CEO
Hudson La Force (54yo)
0.9yrs
Tenure
US$2,867,727
Compensation
Mr. Hudson La Force, III, CPA, serves as the President and Chief Executive Officer at W. R. Grace & Co. and served as its Chief Operating Officer since November 8, 2018. As Chief Operating Officer, Mr. La ...
CEO Compensation Analysis
Compensation vs. Market: Hudson has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Hudson's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.6yrs
Average Tenure
59.5yo
Average Age
Experienced Management: GRA's management team is considered experienced (3.6 years average tenure).
Board Age and Tenure
4.8yrs
Average Tenure
62yo
Average Age
Experienced Board: GRA's board of directors are considered experienced (4.8 years average tenure).
Insider Trading
Insider Buying: GRA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 28,487 |
| Max Price | US$65.00 |
| Entity | Company |
| Shares | 106,608 |
| Max Price | US$64.87 |
| Entity | Company |
| Shares | 96,576 |
| Max Price | US$64.97 |
| Entity | Company |
| Shares | 288,827 |
| Max Price | US$64.91 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & Chief Financial Officer |
| Shares | 1,000 |
| Max Price | US$68.21 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 4,000 |
| Max Price | US$69.04 |
| Entity | Company |
| Shares | 233,720 |
| Max Price | US$61.94 |
| Entity | Company |
| Shares | 172,634 |
| Max Price | US$60.44 |
| Entity | Company |
| Shares | 893,304 |
| Max Price | US$61.80 |
| Entity | Company |
| Shares | 20,000 |
| Max Price | US$61.11 |
| Entity | Company |
| Shares | 779,664 |
| Max Price | US$61.18 |
| Entity | Company |
| Shares | 237,822 |
| Max Price | US$61.40 |
| Entity | Company |
| Shares | 501,025 |
| Max Price | US$61.60 |
Ownership Breakdown
Management Team
Keith Cole (60yo)
Senior Vice President of Government Relations
- Tenure: 0yrs
- Compensation: US$1.25m
Mark Shelnitz (60yo)
Senior VP
- Tenure: 14.5yrs
- Compensation: US$1.41m
Hudson La Force (54yo)
President
- Tenure: 0.9yrs
- Compensation: US$2.87m
Jeremy Rohen
Vice President of Corporate Development & Investor Relations
- Tenure: 1.5yrs
Bill Dockman (59yo)
Senior VP & Chief Financial Officer
- Tenure: 1.4yrs
Elyse Filon
VP & Treasurer
- Tenure: 7.7yrs
Rich Badmington (64yo)
Vice President of Corporate Communications
- Tenure: 6.8yrs
Al Beninati
President of Specialty Catalysts
- Tenure: 0yrs
Liz Brown (55yo)
Senior VP & Chief Human Resources Officer
- Tenure: 4.8yrs
- Compensation: US$1.12m
Sandra Wisniewski
President of Grace Materials Technologies
- Tenure: 2.5yrs
Board Members
Jeff Quinn (60yo)
Independent Director
- Tenure: 6.9yrs
- Compensation: US$194.66k
Hank Slack (69yo)
Independent Director
- Tenure: 0.4yrs
Mark Tomkins (64yo)
Independent Director
- Tenure: 13.1yrs
- Compensation: US$206.99k
Fred Festa (59yo)
Non-Executive Chairman
- Tenure: 11.8yrs
- Compensation: US$6.54m
Kathy Reiland (44yo)
Independent Director
- Tenure: 0.4yrs
Bob Cummings (68yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$189.99k
Diane Gulyas (62yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$203.07k
Julie Fasone-Holder (66yo)
Independent Director
- Tenure: 2.9yrs
- Compensation: US$196.74k
Hudson La Force (54yo)
President
- Tenure: 0.9yrs
- Compensation: US$2.87m
Company Information
W. R. Grace & Co.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: W. R. Grace & Co.
- Ticker: GRA
- Exchange: NYSE
- Founded: 1854
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: US$4.405b
- Shares outstanding: 66.74m
- Website: https://www.grace.com
Number of Employees
Location
- W. R. Grace & Co.
- 7500 Grace Drive
- Columbia
- Maryland
- 21044
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GRA | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1992 |
| GRA | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1992 |
Biography
W. R. Grace & Co. produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Techno ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 23:35 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| 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.