Tredegar
Market Cap
US$681.0m
Last Updated
2020/02/16 23:46 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.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet average 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
-0.5%
TG
1.6%
US Chemicals
1.5%
US Market
1 Year Return
17.9%
TG
-3.7%
US Chemicals
20.1%
US Market
Return vs Industry: TG exceeded the US Chemicals industry which returned -3.7% over the past year.
Return vs Market: TG underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| TG | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | 1.6% | 1.5% |
| 30 Day | -7.8% | -1.2% | 1.4% |
| 90 Day | -4.5% | 0.2% | 8.7% |
| 1 Year | 20.9%17.9% | 10.1%-3.7% | 22.7%20.1% |
| 3 Year | -1.5%-8.4% | 29.9%5.2% | 50.1%40.5% |
| 5 Year | 7.4%-5.0% | 38.3%8.3% | 73.1%54.1% |
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
2 weeks ago | Simply Wall St
Introducing Tredegar (NYSE:TG), A Stock That Climbed 29% In The Last Year1 month ago | Simply Wall St
We're Not So Sure You Should Rely on Tredegar's (NYSE:TG) Statutory Earnings2 months ago | Simply Wall St
Be Sure To Check Out Tredegar Corporation (NYSE:TG) Before It Goes Ex-DividendValuation
Is Tredegar undervalued compared to its fair value and its price relative to the market?
8.8x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TG ($20.57) is trading above our estimate of fair value ($7.91)
Significantly Below Fair Value: TG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TG is good value based on its PE Ratio (8.8x) compared to the Chemicals industry average (22.2x).
PE vs Market: TG is good value based on its PE Ratio (8.8x) compared to the US market (18.4x).
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 (1.7x) compared to the US Chemicals industry average (2.2x).
Next Steps
Future Growth
How is Tredegar forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
24.3%
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 whether Tredegar is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- 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?
17.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TG has a large one-off gain of $22.0M impacting its September 30 2019 financial results.
Growing Profit Margin: TG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TG's earnings have grown by 17.1% per year over the past 5 years.
Accelerating Growth: TG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (-14.6%).
Return on Equity
High ROE: TG's Return on Equity (19.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Tredegar's financial position?
Financial Position Analysis
Short Term Liabilities: TG's short term assets ($260.3M) exceed its short term liabilities ($154.4M).
Long Term Liabilities: TG's short term assets ($260.3M) exceed its long term liabilities ($178.7M).
Debt to Equity History and Analysis
Debt Level: TG's debt to equity ratio (17.1%) is considered satisfactory.
Reducing Debt: TG's debt to equity ratio has reduced from 33.5% to 17.1% over the past 5 years.
Debt Coverage: TG's debt is well covered by operating cash flow (134%).
Interest Coverage: TG earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: TG has a high level of physical assets or inventory.
Debt Coverage by Assets: TG's debt is covered by short term assets (assets are 3.8x debt).
Next Steps
Dividend
What is Tredegar's current dividend yield, its reliability and sustainability?
2.33%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TG's dividend (2.33%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: TG's dividend (2.33%) is low compared to the top 25% of dividend payers in the US market (3.69%).
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 low payout ratio (19.3%), TG's dividend payments are 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?
4.5yrs
Average management tenure
CEO
John Steitz (60yo)
0.9yrs
Tenure
US$92,618
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 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.9yrs | US$92.62k | 0.16% $1.1m | |
| VP & CFO | 4.6yrs | US$1.26m | 0.13% $902.1k | |
| VP, General Counsel & Corporate Secretary | 3.8yrs | US$1.22m | 0.11% $754.4k | |
| President of Personal Care | 0yrs | no data | no data | |
| President of Surface Protection | 4.5yrs | no data | no data | |
| President of Flexible Packaging Films | 4.5yrs | no data | no data | |
| Corporate Treasurer & Controller | 0yrs | US$296.20k | 0.051% $350.7k | |
| President of Bonnell Aluminum | 6.7yrs | no data | no data | |
| President of Bright View Technologies | 4.5yrs | no data | no data |
4.5yrs
Average Tenure
62.5yo
Average Age
Experienced Management: TG's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.9yrs | US$92.62k | 0.16% $1.1m | |
| Chairman | 0.8yrs | US$2.54m | 19.1% $130.0m | |
| Lead Director | 2.8yrs | US$87.64k | 0.055% $372.5k | |
| Independent Director | 7.1yrs | US$86.64k | 0.060% $405.5k | |
| Director | 23.1yrs | US$112.79k | 3.28% $22.3m | |
| Independent Director | 8.8yrs | US$86.14k | 0.062% $424.0k | |
| Independent Director | 6yrs | US$82.14k | 0.055% $372.5k | |
| Independent Director | 6yrs | US$84.64k | 0.055% $372.5k | |
| Independent Director | 1.5yrs | US$23.64k | 0.013% $88.3k |
6.0yrs
Average Tenure
63yo
Average Age
Experienced Board: TG's board of directors are considered experienced (6 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$680.978m
- Shares outstanding: 33.11m
- 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 Films, and Aluminum Extrusions segments. The PE Films segment offers personal care materials, such as apertured films and laminate materials for use in feminine hygiene products, baby diapers, and adult incontinence products under the ComfortAire, ComfortFeel, and FreshFeel brands; elastic materials for use as components for baby diapers, adult incontinence products, and feminine hygiene products under the ExtraFlex and FlexAire brands; and three-dimensional apertured film transfer layers for baby diapers and adult incontinence products under the AquiSoft, AquiDry, and AquiDry Plus brands. This segment also provides thin-gauge films for bathroom tissue and paper towels; polypropylene films for industrial applications, such as tape and automotive protection; single- and multi-layer surface protection films for protecting components of flat panel displays used in televisions, monitors, notebooks, smart phones, tablets, e-readers, and digital signage under the UltraMask, ForceField, ForceField PEARL, and Pearl A brands; and specialty film-based components for a range of LED based applications. The Flexible Packaging Films segment offers polyester-based films for food packaging and industrial applications under the Terphane and Sealphane brands. The Aluminum Extrusions segment produces soft-alloy and medium-strength aluminum extrusions primarily for building and construction, automotive, consumer durables, machinery and equipment, electrical, and distribution markets; and manufactures mill, anodized, and painted and fabricated aluminum extrusions to fabricators and distributors. Tredegar Corporation was founded in 1988 and is headquartered in Richmond, Virginia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:46 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| 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.