Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States.
Flawless balance sheet and fair value.
Share Price & News
How has Friedman Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FRD's share price has been volatile over the past 3 months.
7 Day Return
US Metals and Mining
1 Year Return
US Metals and Mining
Return vs Industry: FRD underperformed the US Metals and Mining industry which returned 8% over the past year.
Return vs Market: FRD underperformed the US Market which returned 3.7% over the past year.
Price Volatility Vs. Market
How volatile is Friedman Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StHow Does Friedman Industries, Incorporated (NYSEMKT:FRD) Fare As A Dividend Stock?
1 year ago | Simply Wall StIs Friedman Industries Incorporated's (NYSEMKT:FRD) 8.3% Better Than Average?
1 year ago | Simply Wall StFriedman Industries Incorporated (NYSEMKT:FRD): 4 Days To Buy Before The Ex-Dividend Date
Is Friedman Industries 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: FRD ($4.48) is trading below our estimate of fair value ($515.97)
Significantly Below Fair Value: FRD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FRD is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: FRD is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FRD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FRD is good value based on its PB Ratio (0.4x) compared to the US Metals and Mining industry average (1.2x).
How is Friedman Industries 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 Friedman Industries 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.
- Examine whether Friedman Industries 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.
- Friedman Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Friedman Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRD is currently unprofitable.
Growing Profit Margin: FRD is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FRD is unprofitable, but has reduced losses over the past 5 years at a rate of 26.2% per year.
Accelerating Growth: Unable to compare FRD's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FRD is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-12.4%).
Return on Equity
High ROE: FRD has a negative Return on Equity (-4.86%), as it is currently unprofitable.
How is Friedman Industries's financial position?
Financial Position Analysis
Short Term Liabilities: FRD's short term assets ($69.3M) exceed its short term liabilities ($12.9M).
Long Term Liabilities: FRD's short term assets ($69.3M) exceed its long term liabilities ($1.4M).
Debt to Equity History and Analysis
Debt Level: FRD is debt free.
Reducing Debt: FRD had no debt 5 years ago.
Debt Coverage: FRD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FRD has no debt, therefore coverage of interest payments is not a concern.
What is Friedman Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FRD's dividend (2.23%) is higher than the bottom 25% of dividend payers in the US market (1.75%).
High Dividend: FRD's dividend (2.23%) is low compared to the top 25% of dividend payers in the US market (4.73%).
Stability and Growth of Payments
Stable Dividend: FRD's dividend payments have been volatile in the past 10 years.
Growing Dividend: FRD's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: FRD is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mike Taylor (60yo)
Mr. Michael J. Taylor, also known as Mike, has been Chairman of the Board at Friedman Industries, Incorporated since June 2, 2017 and as its Director since December 02, 2016. Mr. Taylor serves as President ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD271.56K) is below average for companies of similar size in the US market ($USD595.62K).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
|Chairman of the Board||1.25yrs||US$271.56k||1.14% $358.4k|
|Independent Director||20.33yrs||US$24.00k||0.25% $79.6k|
|Independent Director||13.42yrs||US$33.00k||0.13% $41.2k|
|Independent Director||13.08yrs||US$36.00k||0.12% $36.7k|
|Independent Director||12.17yrs||US$24.00k||0.13% $41.2k|
|Director||0.67yr||no data||0.32% $99.5k|
Experienced Board: FRD's board of directors are seasoned and experienced ( 12.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FRD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Friedman Industries, Incorporated's company bio, employee growth, exchange listings and data sources
- Name: Friedman Industries, Incorporated
- Ticker: FRD
- Exchange: AMEX
- Founded: 1965
- Industry: Steel
- Sector: Materials
- Market Cap: US$31.358m
- Shares outstanding: 7.00m
- Website: https://www.friedmanindustries.com
Number of Employees
- Friedman Industries, Incorporated
- 1121 Judson Road
- Suite 124
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FRD||AMEX (NYSE MKT LLC)||Yes||Common Stock||US||USD||May 1975|
Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment processes hot-roll coils into sheet and plate, as well as customer-owned coils on a fee basis; and sells these products on a wholesale basis. This segment offers its coil products and processing services primarily to steel distributors and customers manufacturing steel products, such as steel buildings, railroad cars, barges, tanks and containers, trailers, component parts, and other fabricated steel products through its own sales force. The Tubular segment manufactures line and oil country pipes, as well as pipes for structural applications. It sells its tubular products principally to steel and pipe distributors through its own sales force. The company was founded in 1965 and is headquartered in Longview, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/26 01:45|
|End of Day Share Price||2020/05/22 00:00|
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.