Stock Analysis Report

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Executive Summary

Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. More Details

Snowflake Analysis

Excellent balance sheet second-rate dividend payer.

Similar Companies

Share Price & News

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

Latest Share Price and Events

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

Market Performance

7 Day Return




US Chemicals


US Market

1 Year Return




US Chemicals


US Market

Return vs Industry: TG underperformed the US Chemicals industry which returned 5.6% over the past year.

Return vs Market: TG underperformed the US Market which returned 15.6% over the past year.

Shareholder returns

7 Day-1.8%-3.1%-1.1%
30 Day0.3%0.5%2.9%
90 Day-5.1%2.8%5.7%
1 Year-22.3%-24.5%5.8%3.4%17.6%15.0%
3 Year-14.1%-20.5%10.1%-10.8%38.9%29.7%
5 Year13.2%-0.5%54.2%18.5%78.4%58.4%

Price Volatility Vs. Market

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

Simply Wall St News


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: TG ($15.11) is trading below our estimate of fair value ($18.57)

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

Price To Earnings Ratio

PE vs Industry: TG is poor value based on its PE Ratio (175.3x) compared to the US Chemicals industry average (26.6x).

PE vs Market: TG is poor value based on its PE Ratio (175.3x) compared to the US market (18.9x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: TG is good value based on its PB Ratio (1.4x) compared to the US Chemicals industry average (2x).

Next Steps

Future Growth

How is Tredegar forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tredegar has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

How has Tredegar performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TG has a large one-off loss of $36.8M impacting its June 30 2020 financial results.

Growing Profit Margin: TG's current net profit margins (0.3%) are lower than last year (2.6%).

Past Earnings Growth Analysis

Earnings Trend: TG's earnings have grown significantly by 24% per year over the past 5 years.

Accelerating Growth: TG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TG had negative earnings growth (-89.3%) over the past year, making it difficult to compare to the Chemicals industry average (-18.6%).

Return on Equity

High ROE: TG's Return on Equity (0.8%) is considered low.

Next Steps

Financial Health

How is Tredegar's financial position?

Financial Position Analysis

Short Term Liabilities: TG's short term assets ($236.8M) exceed its short term liabilities ($148.5M).

Long Term Liabilities: TG's short term assets ($236.8M) exceed its long term liabilities ($159.4M).

Debt to Equity History and Analysis

Debt Level: TG's debt to equity ratio (9.7%) is considered satisfactory.

Reducing Debt: TG's debt to equity ratio has reduced from 38.1% to 9.7% over the past 5 years.

Debt Coverage: TG's debt is well covered by operating cash flow (245.4%).

Interest Coverage: TG's interest payments on its debt are not well covered by EBIT (2.9x coverage).

Balance Sheet

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TG's dividend (3.18%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: TG's dividend (3.18%) is low compared to the top 25% of dividend payers in the US market (4.63%).

Stability and Growth of Payments

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

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

Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (557%), TG'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


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


Average management tenure


John Steitz (61 yo)





Mr. John M. Steitz has been the Chief Executive Officer and President of Tredegar Corporation since March 19, 2019. He was Chief Executive Officer of Additives at SI Group, Inc. since December 2018 until F ...

CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD3.90M) is above average for companies of similar size in the US market ($USD1.93M).

Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

Leadership Team

John Steitz
$ 1.3m
D. Edwards
Executive VP & CFO5.25yrsUS$1.57m0.16%
$ 807.1k
Michael Schewel
Executive VP4.42yrsUS$1.28m0.14%
$ 691.1k
Neill Bellamy
Director of Investor Relationsno datano datano data
J. Prince
President of Personal Careno datano datano data
Arijit DasGupta
President of Surface Protection5.17yrsno datano data
Jose Silveira
President of Flexible Packaging Films5.17yrsno datano data
Frasier Brickhouse
Corporate Treasurer & Controller10.83yrsUS$296.20k0.064%
$ 322.4k
W. Hamilton
President of Bonnell Aluminum7.33yrsno datano data
Jennifer Aspell
President of Bright View Technologies5.17yrsno datano data


Average Tenure


Average Age

Experienced Management: TG's management team is seasoned and experienced (5.2 years average tenure).

Board Members

John Steitz
$ 1.3m
John Gottwald
$ 95.4m
Gregory Pratt
Independent Lead Director3.42yrsUS$172.35k0.063%
$ 315.5k
Thomas Snead
Independent Director7.75yrsUS$171.35k0.068%
$ 339.7k
William Gottwald
$ 16.5m
George Freeman
Independent Director9.42yrsUS$170.85k0.070%
$ 353.3k
Kenneth Newsome
Independent Director6.67yrsUS$163.87k0.063%
$ 315.5k
Carl Tack
Independent Director6.67yrsUS$169.35k0.063%
$ 315.5k
Anne Waleski
Independent Director2.17yrsUS$171.43k0.021%
$ 106.7k


Average Tenure


Average Age

Experienced Board: TG's board of directors are considered experienced (6.7 years average tenure).


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.

Recent Insider Transactions

Ownership Breakdown

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

Top Shareholders

Company Information

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

Key Information

  • Name: Tredegar Corporation
  • Ticker: TG
  • Exchange: NYSE
  • Founded: 1988
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: US$502.121m
  • Shares outstanding: 33.23m
  • Website: https://www.tredegar.com

Number of Employees


  • Tredegar Corporation
  • 1100 Boulders Parkway
  • Richmond
  • Virginia
  • 23225
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 1989
T70DB (Deutsche Boerse AG)YesCommon StockDEEURJul 1989


Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. It operates through PE Films, Flexible Packaging ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 00:21
End of Day Share Price2020/10/27 00:00
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.