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Tredegar

NYSE:TG
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TG
NYSE
$536M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. The last earnings update was 40 days ago. More info.


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TG Share Price and Events
7 Day Returns
-0.4%
NYSE:TG
-0.3%
US Chemicals
0.1%
US Market
1 Year Returns
-31%
NYSE:TG
-11.8%
US Chemicals
1.2%
US Market
TG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tredegar (TG) -0.4% 0.1% -13.7% -31% -0.9% -29.6%
US Chemicals -0.3% 0.9% -7.2% -11.8% 16.6% 5.7%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • TG underperformed the Chemicals industry which returned -11.8% over the past year.
  • TG underperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
TG
Industry
5yr Volatility vs Market

TG Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tredegar to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tredegar.

NYSE:TG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:TG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.874 (1 + (1- 21%) (24.55%))
1.029
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.029 * 5.96%)
8.86%

Discounted Cash Flow Calculation for NYSE:TG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tredegar is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:TG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.86%)
2019 39.57 Est @ -11.15% 36.35
2020 36.81 Est @ -6.99% 31.06
2021 35.31 Est @ -4.07% 27.37
2022 34.59 Est @ -2.03% 24.63
2023 34.38 Est @ -0.6% 22.49
2024 34.52 Est @ 0.4% 20.74
2025 34.90 Est @ 1.1% 19.26
2026 35.45 Est @ 1.59% 17.97
2027 36.14 Est @ 1.93% 16.83
2028 36.92 Est @ 2.17% 15.79
Present value of next 10 years cash flows $232.50
NYSE:TG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $36.92 × (1 + 2.73%) ÷ (8.86% – 2.73%)
$618.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $618.56 ÷ (1 + 8.86%)10
$264.62
NYSE:TG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $232.50 + $264.62
$497.12
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $497.12 / 33.11
$15.02
NYSE:TG Discount to Share Price
Calculation Result
Value per share (USD) From above. $15.02
Current discount Discount to share price of $16.19
= -1 x ($16.19 - $15.02) / $15.02
-7.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tredegar is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tredegar's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tredegar's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:TG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.80
NYSE:TG Share Price ** NYSE (2019-06-18) in USD $16.19
United States of America Chemicals Industry PE Ratio Median Figure of 68 Publicly-Listed Chemicals Companies 17.68x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tredegar.

NYSE:TG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TG Share Price ÷ EPS (both in USD)

= 16.19 ÷ 0.80

20.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tredegar is overvalued based on earnings compared to the US Chemicals industry average.
  • Tredegar is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tredegar's expected growth come at a high price?
Raw Data
NYSE:TG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
17.7%per year
United States of America Chemicals Industry PEG Ratio Median Figure of 49 Publicly-Listed Chemicals Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tredegar, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tredegar's assets?
Raw Data
NYSE:TG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $11.25
NYSE:TG Share Price * NYSE (2019-06-18) in USD $16.19
United States of America Chemicals Industry PB Ratio Median Figure of 94 Publicly-Listed Chemicals Companies 2.05x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:TG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TG Share Price ÷ Book Value per Share (both in USD)

= 16.19 ÷ 11.25

1.44x

* Primary Listing of Tredegar.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tredegar is good value based on assets compared to the US Chemicals industry average.
X
Value checks
We assess Tredegar's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Tredegar has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TG Future Performance

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

  • No analysts cover Tredegar, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tredegar expected to grow at an attractive rate?
  • Tredegar's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Tredegar's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Tredegar's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:TG Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:TG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 17.7%
United States of America Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
United States of America Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:TG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:TG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NYSE:TG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,055 94 26
2018-12-31 1,065 98 25
2018-09-30 1,036 128 -19
2018-06-30 1,015 138 23
2018-03-31 999 100 53
2017-12-31 961 88 38
2017-09-30 920 68 58
2017-06-30 881 53 62
2017-03-31 842 48 21
2016-12-31 828 49 24
2016-09-30 841 75 17
2016-06-30 857 73 -32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tredegar's earnings are expected to grow by 17.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Tredegar is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:TG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tredegar Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NYSE:TG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.80
2018-12-31 0.75
2018-09-30 -0.58
2018-06-30 0.70
2018-03-31 1.60
2017-12-31 1.16
2017-09-30 1.76
2017-06-30 1.88
2017-03-31 0.64
2016-12-31 0.75
2016-09-30 0.52
2016-06-30 -0.98

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tredegar will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tredegar's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tredegar has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TG Past Performance

  How has Tredegar performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tredegar's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tredegar's year on year earnings growth rate has been positive over the past 5 years.
  • Tredegar's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tredegar's 1-year earnings growth is negative, it can't be compared to the US Chemicals industry average.
Earnings and Revenue History
Tredegar's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tredegar Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,055.23 26.46 93.11 18.88
2018-12-31 1,065.47 24.84 93.69 18.71
2018-09-30 1,035.60 -19.24 93.24 18.37
2018-06-30 1,015.43 23.23 93.31 17.67
2018-03-31 999.02 52.71 92.61 18.04
2017-12-31 961.33 38.25 89.48 18.29
2017-09-30 920.27 57.91 84.72 18.69
2017-06-30 880.85 61.68 79.31 18.76
2017-03-31 842.03 20.89 75.27 18.70
2016-12-31 828.34 24.47 82.91 19.12
2016-09-30 840.56 16.86 72.96 18.71
2016-06-30 856.63 -31.91 70.18 17.96
2016-03-31 869.34 -34.72 69.40 17.27
2015-12-31 896.18 -32.14 66.61 16.17
2015-09-30 918.41 -13.21 67.57 15.07
2015-06-30 935.06 34.26 69.77 14.31
2015-03-31 950.78 37.42 68.28 13.05
2014-12-31 951.83 36.03 69.53 12.15
2014-09-30 943.70 32.38 69.39 12.07
2014-06-30 946.47 29.06 70.33 12.24
2014-03-31 953.03 34.90 70.92 12.48
2013-12-31 959.35 35.94 71.00 12.67
2013-09-30 961.29 40.39 71.46 12.60
2013-06-30 934.74 47.17 69.12 12.84
2013-03-31 907.07 44.97 70.63 12.68
2012-12-31 882.19 43.19 71.12 13.16
2012-09-30 848.49 32.43 68.57 13.34
2012-06-30 834.43 30.95 68.69 13.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tredegar has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tredegar used its assets less efficiently than the US Chemicals industry average last year based on Return on Assets.
  • Tredegar has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tredegar's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tredegar has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TG Health

 How is Tredegar's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tredegar's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tredegar is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tredegar's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tredegar's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tredegar Company Filings, last reported 2 months ago.

NYSE:TG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 372.62 131.60 36.30
2018-12-31 354.86 101.50 34.40
2018-09-30 328.77 91.00 36.78
2018-06-30 367.41 123.00 62.32
2018-03-31 362.90 141.00 36.14
2017-12-31 343.78 152.00 36.49
2017-09-30 373.91 177.00 31.85
2017-06-30 359.43 187.25 24.03
2017-03-31 318.80 193.00 28.86
2016-12-31 310.78 95.00 29.51
2016-09-30 317.92 91.75 28.36
2016-06-30 305.69 94.00 27.50
2016-03-31 291.47 107.00 40.02
2015-12-31 272.75 104.00 44.16
2015-09-30 281.75 134.00 46.61
2015-06-30 355.86 135.00 47.41
2015-03-31 348.87 141.00 55.16
2014-12-31 372.03 137.25 50.06
2014-09-30 415.04 138.75 51.93
2014-06-30 423.90 136.75 44.01
2014-03-31 416.17 134.00 45.23
2013-12-31 402.66 139.00 52.62
2013-09-30 376.71 134.00 42.60
2013-06-30 368.12 139.00 44.43
2013-03-31 379.22 118.00 37.69
2012-12-31 372.25 128.00 48.82
2012-09-30 406.90 80.00 44.17
2012-06-30 397.18 98.00 52.56
  • Tredegar's level of debt (29.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (32.2% vs 29.5% today).
  • Debt is well covered by operating cash flow (85.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.9x coverage).
X
Financial health checks
We assess Tredegar's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tredegar has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TG Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.72%
Current annual income from Tredegar dividends.
If you bought $2,000 of Tredegar shares you are expected to receive $54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tredegar's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Tredegar's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:TG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 54 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:TG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NYSE:TG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-02 0.440 2.675
2019-02-22 0.440 2.521
2018-08-02 0.440 2.385
2018-05-02 0.440 1.899
2018-02-20 0.440 2.496
2017-11-01 0.440 2.339
2017-08-02 0.440 2.519
2017-05-17 0.440 2.819
2017-02-21 0.440 2.547
2016-11-02 0.440 1.952
2016-08-03 0.440 2.407
2016-05-04 0.440 2.653
2016-02-26 0.440 2.813
2015-11-04 0.440 3.248
2015-08-06 0.440 3.093
2015-06-04 0.440 2.080
2015-02-27 0.360 1.783
2014-11-07 0.360 1.750
2014-08-07 0.360 1.885
2014-02-27 0.280 1.264
2013-11-06 0.280 1.108
2013-07-31 0.280 1.077
2013-05-22 0.280 1.046
2013-02-28 0.280 1.017
2012-11-07 0.240 1.163
2012-08-02 0.240 1.450
2012-05-16 0.180 1.272
2012-02-29 0.180 0.995
2011-11-03 0.180 0.800
2011-08-09 0.180 1.115
2011-05-24 0.180 0.982
2011-03-03 0.180 0.884
2010-10-19 0.160 0.830
2010-08-11 0.160 0.881
2010-05-18 0.160 0.951
2010-03-03 0.160 0.929
2009-11-03 0.160 1.036
2009-08-11 0.160 1.075

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Tredegar's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tredegar's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tredegar afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tredegar has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TG Management

 What is the CEO of Tredegar's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Steitz
COMPENSATION $92,618
AGE 59
TENURE AS CEO 0.3 years
CEO Bio

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 February 2019. Mr. Steitz has been the President and Chief Executive Officer of Addivant USA, LLC since March 17, 2015. Mr. Steitz has been President and Chief Operating Officer at PQ Holdings Inc. since December 2013 and October 2013 respectively. Mr. Steitz has 30 years of experience in business management and administration activities. He served as the Chief Executive Officer and President of Avantor Performance Materials Inc. since August 20, 2012. He served as President and Chief Operating Officer of PQ Corporation since October 1, 2013 until March 2015. He served as the President and Chief Executive Officer of Avantor Materials, Inc. He served as the President of Albemarle Corporation from March 1, 2012 to August 31, 2012. He served as the Chief Operating Officer and Executive Vice President of Albemarle Corporation from April 11, 2007 to August 31, 2012. He served as Senior Vice President of Global Business Operations of Albemarle Corporation from January 1, 2004 to April 11, 2007. He joined Albemarle Corporation in July 2000 and has served in various roles of increasing responsibility during his tenure with Albemarle Corporation. He served as the President and Chief Executive Officer for the global Specialty Chemicals Business of Avantor Materials, LLC. He has been a highly successful business leader and has a unique and extensive chemical industry experience. He served as Senior Vice President of Business Operations at Albemarle Corporation from January 1, 2004 to April 11, 2007. He began his career with Albemarle Corporation in 2001 as Vice President of Fine Chemicals in the Baton Rouge office from August 1, 2000 to October 1, 2002. From October 1, 2002 to January 2004, he served as Vice President of Business Operations at Albemarle Corporation. He started his career at Mallinckrodt Inc. He served as Business Director, Vice President and General Manager of Pharmaceutical Chemicals at Mallinckrodt, Inc., a business unit of Tyco Healthcare. Mr. Steitz has been a Director of Tredegar Corporation since February 21, 2017. He has been an Independent Director of Innophos Holdings Inc since February 11, 2009. He has been a Director of Innophos, Inc. since February 11, 2009. He serves as a Director of Mary Bird Perkins Cancer Center Inc. He completed the Executive Program at both Stanford University and a similar Executive Program focused on Corporate Governance at the Wharton School at the University of Pennsylvania. Mr. Steitz holds a B.S. degree in Chemical Engineering from the University of Missouri and his M.B.A. from the Southern Illinois University.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Tredegar management team in years:

3.8
Average Tenure
61.5
Average Age
  • The tenure for the Tredegar management team is about average.
Management Team

John Steitz

TITLE
President
COMPENSATION
$93K
AGE
59
TENURE
0.3 yrs

D. Edwards

TITLE
VP & CFO
COMPENSATION
$1M
AGE
59
TENURE
3.9 yrs

Mike Schewel

TITLE
VP, General Counsel & Corporate Secretary
COMPENSATION
$1M
AGE
64
TENURE
3.1 yrs

Frasier Brickhouse

TITLE
Corporate Treasurer & Controller
COMPENSATION
$296K
AGE
81

J. Prince

TITLE
President of Personal Care

Bapi DasGupta

TITLE
President of Surface Protection
TENURE
3.8 yrs

Jose Silveira

TITLE
President of Flexible Packaging Films
TENURE
3.8 yrs

W. Hamilton

TITLE
President of Bonnell Aluminum
TENURE
6 yrs

Jennifer Aspell

TITLE
President of Bright View Technologies
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Tredegar board of directors in years:

5.3
Average Tenure
62
Average Age
  • The tenure for the Tredegar board of directors is about average.
Board of Directors

John Gottwald

TITLE
Chairman
COMPENSATION
$3M
AGE
63
TENURE
0.1 yrs

John Steitz

TITLE
President
COMPENSATION
$93K
AGE
59
TENURE
2.3 yrs

George Freeman

TITLE
Independent Director
COMPENSATION
$86K
AGE
55
TENURE
8.1 yrs

Tom Snead

TITLE
Independent Director
COMPENSATION
$87K
AGE
64
TENURE
6.4 yrs

Greg Pratt

TITLE
Lead Director
COMPENSATION
$88K
AGE
69
TENURE
2.1 yrs

William Gottwald

TITLE
Director
COMPENSATION
$113K
AGE
70
TENURE
22.4 yrs

Ken Newsome

TITLE
Independent Director
COMPENSATION
$82K
AGE
58
TENURE
5.3 yrs

Carl Tack

TITLE
Independent Director
COMPENSATION
$85K
AGE
62
TENURE
5.3 yrs

Anne Waleski

TITLE
Independent Director
COMPENSATION
$24K
AGE
51
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Tredegar insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. May 19 Buy Anne Waleski Individual 23. May 19 23. May 19 1,000 $15.83 $15,827
17. May 19 Sell GAMCO Investors, Inc. Company 18. Mar 19 16. May 19 -195,673 $18.94 $-588,261
17. May 19 Buy GAMCO Investors, Inc. Company 16. Apr 19 16. May 19 409 $18.14 $5,610
14. Nov 18 Buy Michael Schewel Individual 13. Nov 18 13. Nov 18 5,000 $15.95 $79,750
22. Oct 18 Sell GAMCO Investors, Inc. Company 23. Aug 18 19. Oct 18 -164,276 $23.06 $-3,788,829
26. Jun 18 Sell GAMCO Investors, Inc. Company 26. Apr 18 25. Jun 18 -220,641 $24.59 $0
X
Management checks
We assess Tredegar's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tredegar has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TG News

Simply Wall St News

Should Tredegar Corporation (NYSE:TG) Focus On Improving This Fundamental Metric?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Tredegar: 7.1% = US$26m ÷ US$373m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … The Importance Of Debt To Return On Equity Companies usually need to invest money to grow their profits. … Combining Tredegar's Debt And Its 7.1% Return On Equity Although Tredegar does use debt, its debt to equity ratio of 0.30 is still low.

Simply Wall St -

Tredegar Corporation (NYSE:TG): What Does Its Beta Value Mean For Your Portfolio?

If you're interested in Tredegar Corporation (NYSE:TG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … While history does not always repeat, this may indicate that the stock price will continue to be exposed to market risk, albeit not overly so.

Simply Wall St -

Why Tredegar Corporation's (NYSE:TG) High P/E Ratio Isn't Necessarily A Bad Thing

Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. … We'll look at Tredegar Corporation's (NYSE:TG) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Who Has Been Buying Tredegar Corporation (NYSE:TG) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Tredegar Corporation (NYSE:TG). … That means that an insider was happy to buy shares at around the current price of US$18.09. … Happily, the Tredegar insider decided to buy shares at close to current prices

Simply Wall St -

Tredegar Corporation (NYSE:TG): Time For A Financial Health Check

While small-cap stocks, such as Tredegar Corporation (NYSE:TG) with its market cap of US$532m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Understanding the company's financial health becomes. … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

Imagine Owning Tredegar (NYSE:TG) And Wondering If The 28% Share Price Slide Is Justified

While not a mind-blowing move, it is good to see that the Tredegar Corporation (NYSE:TG) share price has gained 11% in the last three months. … While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … In contrast to the share price, revenue has actually increased by 0.2% a year in the five year period.

Simply Wall St -

What Did Tredegar Corporation's (NYSE:TG) CEO Take Home Last Year?

John Gottwald has been the CEO of Tredegar Corporation (NYSE:TG) since 2015. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does John Gottwald's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Tredegar Corporation (NYSE:TG) A Volatile Stock?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Did Tredegar Corporation (NYSE:TG) Insiders Buy Up More Shares?

So we'll take a look at whether insiders have been buying or selling shares in Tredegar Corporation (NYSE:TG). … Tredegar Insider Transactions Over The Last Year. … In the last twelve months, the biggest single purchase by an insider was when VP, General Counsel & Corporate Secretary Michael Schewel bought US$80k worth of shares at a price of US$15.95 per share.

Simply Wall St -

What Should You Know About Tredegar Corporation's (NYSE:TG) Capital Returns?

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand Tredegar’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

TG Company Info

Description

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.

Details
Name: Tredegar Corporation
TG
Exchange: NYSE
Founded: 1988
$535,997,732
33,106,716
Website: http://www.tredegar.com
Address: Tredegar Corporation
1100 Boulders Parkway,
Richmond,
Virginia, 23225,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TG Common Stock New York Stock Exchange US USD 05. Jul 1989
DB T70 Common Stock Deutsche Boerse AG DE EUR 05. Jul 1989
Number of employees
Current staff
Staff numbers
3,200
Tredegar employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 23:47
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2017/02/22
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.