Tredegar
Market Cap
US$502.1m
Last Updated
2020/10/28 00:21 UTC
Data Sources
Company Financials
Executive Summary
Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. More Details
Rewards
Risk Analysis
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
-1.8%
TG
-3.1%
US Chemicals
-1.1%
US Market
1 Year Return
-24.5%
TG
3.4%
US Chemicals
15.0%
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
| TG | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | -3.1% | -1.1% |
| 30 Day | 0.3% | 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 Year | 13.2%-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
1 week ago | Simply Wall St
Here’s What’s Happening With Returns At Tredegar (NYSE:TG)3 weeks ago | Simply Wall St
A Look At The Intrinsic Value Of Tredegar Corporation (NYSE:TG)1 month ago | Simply Wall St
Tredegar (NYSE:TG) Shareholders Have Enjoyed A 29% Share Price GainValuation
Is Tredegar undervalued compared to its fair value and its price relative to the market?
18.6%
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?
29.1%
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
- Examine Tredegar's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Tredegar competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Tredegar performed over the past 5 years?
24.0%
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
Dividend
What is Tredegar current dividend yield, its reliability and sustainability?
3.18%
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
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
John Steitz (61 yo)
1.58yrs
Tenure
US$3,903,689
Compensation
Mr. John M. Steitz has been the Chief Executive Officer and President of Tredegar Corporation since March 19, 2019. He was Chief Executive Officer of Additives at SI Group, Inc. since December 2018 until F ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.58yrs | US$3.90m | 0.26% $ 1.3m | |
| Executive VP & CFO | 5.25yrs | US$1.57m | 0.16% $ 807.1k | |
| Executive VP | 4.42yrs | US$1.28m | 0.14% $ 691.1k | |
| Director of Investor Relations | no data | no data | no data | |
| President of Personal Care | no data | no data | no data | |
| President of Surface Protection | 5.17yrs | no data | no data | |
| President of Flexible Packaging Films | 5.17yrs | no data | no data | |
| Corporate Treasurer & Controller | 10.83yrs | US$296.20k | 0.064% $ 322.4k | |
| President of Bonnell Aluminum | 7.33yrs | no data | no data | |
| President of Bright View Technologies | 5.17yrs | no data | no data |
5.2yrs
Average Tenure
63.5yo
Average Age
Experienced Management: TG's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.58yrs | US$3.90m | 0.26% $ 1.3m | |
| Chairman | 1.42yrs | US$2.89m | 18.99% $ 95.4m | |
| Independent Lead Director | 3.42yrs | US$172.35k | 0.063% $ 315.5k | |
| Independent Director | 7.75yrs | US$171.35k | 0.068% $ 339.7k | |
| Director | 23.75yrs | US$205.07k | 3.28% $ 16.5m | |
| Independent Director | 9.42yrs | US$170.85k | 0.070% $ 353.3k | |
| Independent Director | 6.67yrs | US$163.87k | 0.063% $ 315.5k | |
| Independent Director | 6.67yrs | US$169.35k | 0.063% $ 315.5k | |
| Independent Director | 2.17yrs | US$171.43k | 0.021% $ 106.7k |
6.7yrs
Average Tenure
64yo
Average Age
Experienced Board: TG's board of directors are considered experienced (6.7 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.
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
Location
- Tredegar Corporation
- 1100 Boulders Parkway
- Richmond
- Virginia
- 23225
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TG | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 1989 |
| T70 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 1989 |
Biography
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/28 00:21 |
| End of Day Share Price | 2020/10/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.