Intrinsic value of Ferroglobe - GSM

Previous Close

$6.64

  Intrinsic Value

$0.80

stock screener

  Rating & Target

str. sell

-88%

Previous close

$6.64

 
Intrinsic value

$0.80

 
Up/down potential

-88%

 
Rating

str. sell

We calculate the intrinsic value of GSM stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  10.50
  9.95
  9.45
  9.01
  8.61
  8.25
  7.92
  7.63
  7.37
  7.13
  6.92
  6.73
  6.55
  6.40
  6.26
  6.13
  6.02
  5.92
  5.83
  5.74
  5.67
  5.60
  5.54
  5.49
  5.44
  5.39
  5.36
  5.32
  5.29
  5.26
Revenue, $m
  1,925
  2,116
  2,316
  2,525
  2,742
  2,968
  3,204
  3,448
  3,702
  3,966
  4,240
  4,526
  4,822
  5,131
  5,452
  5,786
  6,134
  6,497
  6,876
  7,271
  7,683
  8,113
  8,563
  9,033
  9,524
  10,038
  10,575
  11,138
  11,727
  12,344
Variable operating expenses, $m
  2,378
  2,612
  2,856
  3,111
  3,377
  3,653
  3,941
  4,239
  4,550
  4,872
  5,181
  5,529
  5,892
  6,269
  6,661
  7,070
  7,495
  7,939
  8,401
  8,884
  9,387
  9,913
  10,462
  11,037
  11,637
  12,265
  12,921
  13,609
  14,328
  15,082
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,378
  2,612
  2,856
  3,111
  3,377
  3,653
  3,941
  4,239
  4,550
  4,872
  5,181
  5,529
  5,892
  6,269
  6,661
  7,070
  7,495
  7,939
  8,401
  8,884
  9,387
  9,913
  10,462
  11,037
  11,637
  12,265
  12,921
  13,609
  14,328
  15,082
Operating income, $m
  -453
  -496
  -540
  -587
  -635
  -685
  -737
  -791
  -848
  -906
  -941
  -1,004
  -1,070
  -1,138
  -1,209
  -1,284
  -1,361
  -1,441
  -1,525
  -1,613
  -1,704
  -1,800
  -1,900
  -2,004
  -2,113
  -2,227
  -2,346
  -2,471
  -2,602
  -2,738
EBITDA, $m
  -326
  -358
  -392
  -427
  -464
  -502
  -542
  -584
  -627
  -671
  -718
  -766
  -816
  -868
  -923
  -979
  -1,038
  -1,100
  -1,164
  -1,231
  -1,300
  -1,373
  -1,449
  -1,529
  -1,612
  -1,699
  -1,790
  -1,885
  -1,985
  -2,089
Interest expense (income), $m
  29
  66
  85
  105
  125
  147
  169
  193
  217
  242
  268
  296
  324
  353
  384
  416
  449
  484
  520
  557
  596
  637
  680
  724
  771
  819
  870
  923
  978
  1,037
  1,097
Earnings before tax, $m
  -519
  -581
  -645
  -712
  -782
  -854
  -930
  -1,008
  -1,090
  -1,175
  -1,236
  -1,328
  -1,423
  -1,522
  -1,625
  -1,733
  -1,845
  -1,961
  -2,083
  -2,209
  -2,341
  -2,480
  -2,624
  -2,774
  -2,932
  -3,097
  -3,269
  -3,449
  -3,638
  -3,836
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -519
  -581
  -645
  -712
  -782
  -854
  -930
  -1,008
  -1,090
  -1,175
  -1,236
  -1,328
  -1,423
  -1,522
  -1,625
  -1,733
  -1,845
  -1,961
  -2,083
  -2,209
  -2,341
  -2,480
  -2,624
  -2,774
  -2,932
  -3,097
  -3,269
  -3,449
  -3,638
  -3,836

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,210
  2,429
  2,659
  2,899
  3,148
  3,408
  3,678
  3,959
  4,250
  4,553
  4,868
  5,196
  5,536
  5,890
  6,259
  6,643
  7,043
  7,460
  7,894
  8,347
  8,821
  9,315
  9,831
  10,370
  10,934
  11,524
  12,142
  12,787
  13,464
  14,172
Adjusted assets (=assets-cash), $m
  2,210
  2,429
  2,659
  2,899
  3,148
  3,408
  3,678
  3,959
  4,250
  4,553
  4,868
  5,196
  5,536
  5,890
  6,259
  6,643
  7,043
  7,460
  7,894
  8,347
  8,821
  9,315
  9,831
  10,370
  10,934
  11,524
  12,142
  12,787
  13,464
  14,172
Revenue / Adjusted assets
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
Average production assets, $m
  1,093
  1,202
  1,316
  1,434
  1,558
  1,686
  1,820
  1,958
  2,103
  2,253
  2,409
  2,570
  2,739
  2,914
  3,097
  3,286
  3,484
  3,690
  3,905
  4,130
  4,364
  4,608
  4,864
  5,131
  5,410
  5,701
  6,007
  6,326
  6,661
  7,011
Working capital, $m
  87
  95
  104
  114
  123
  134
  144
  155
  167
  178
  191
  204
  217
  231
  245
  260
  276
  292
  309
  327
  346
  365
  385
  406
  429
  452
  476
  501
  528
  555
Total debt, $m
  558
  688
  824
  966
  1,113
  1,267
  1,427
  1,593
  1,766
  1,945
  2,132
  2,326
  2,527
  2,737
  2,955
  3,182
  3,419
  3,666
  3,923
  4,191
  4,472
  4,764
  5,070
  5,389
  5,723
  6,072
  6,437
  6,820
  7,220
  7,639
Total liabilities, $m
  1,308
  1,438
  1,574
  1,716
  1,864
  2,018
  2,177
  2,343
  2,516
  2,696
  2,882
  3,076
  3,277
  3,487
  3,705
  3,933
  4,169
  4,416
  4,673
  4,942
  5,222
  5,514
  5,820
  6,139
  6,473
  6,822
  7,188
  7,570
  7,970
  8,390
Total equity, $m
  902
  991
  1,085
  1,183
  1,285
  1,390
  1,501
  1,615
  1,734
  1,858
  1,986
  2,120
  2,259
  2,403
  2,554
  2,710
  2,873
  3,043
  3,221
  3,406
  3,599
  3,800
  4,011
  4,231
  4,461
  4,702
  4,954
  5,217
  5,493
  5,782
Total liabilities and equity, $m
  2,210
  2,429
  2,659
  2,899
  3,149
  3,408
  3,678
  3,958
  4,250
  4,554
  4,868
  5,196
  5,536
  5,890
  6,259
  6,643
  7,042
  7,459
  7,894
  8,348
  8,821
  9,314
  9,831
  10,370
  10,934
  11,524
  12,142
  12,787
  13,463
  14,172
Debt-to-equity ratio
  0.620
  0.690
  0.760
  0.820
  0.870
  0.910
  0.950
  0.990
  1.020
  1.050
  1.070
  1.100
  1.120
  1.140
  1.160
  1.170
  1.190
  1.200
  1.220
  1.230
  1.240
  1.250
  1.260
  1.270
  1.280
  1.290
  1.300
  1.310
  1.310
  1.320
Adjusted equity ratio
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408
  0.408

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -519
  -581
  -645
  -712
  -782
  -854
  -930
  -1,008
  -1,090
  -1,175
  -1,236
  -1,328
  -1,423
  -1,522
  -1,625
  -1,733
  -1,845
  -1,961
  -2,083
  -2,209
  -2,341
  -2,480
  -2,624
  -2,774
  -2,932
  -3,097
  -3,269
  -3,449
  -3,638
  -3,836
Depreciation, amort., depletion, $m
  128
  138
  148
  159
  171
  183
  195
  208
  221
  235
  223
  238
  254
  270
  287
  304
  323
  342
  362
  382
  404
  427
  450
  475
  501
  528
  556
  586
  617
  649
Funds from operations, $m
  -392
  -443
  -497
  -553
  -611
  -672
  -735
  -800
  -869
  -940
  -1,013
  -1,090
  -1,170
  -1,252
  -1,339
  -1,428
  -1,522
  -1,619
  -1,721
  -1,827
  -1,937
  -2,053
  -2,173
  -2,299
  -2,431
  -2,569
  -2,713
  -2,864
  -3,021
  -3,187
Change in working capital, $m
  8
  9
  9
  9
  10
  10
  11
  11
  11
  12
  12
  13
  13
  14
  14
  15
  16
  16
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  27
  28
Cash from operations, $m
  -400
  -452
  -506
  -562
  -621
  -682
  -745
  -811
  -880
  -952
  -1,026
  -1,103
  -1,183
  -1,266
  -1,353
  -1,444
  -1,538
  -1,636
  -1,738
  -1,845
  -1,956
  -2,072
  -2,194
  -2,321
  -2,453
  -2,592
  -2,737
  -2,889
  -3,048
  -3,214
Maintenance CAPEX, $m
  -92
  -101
  -111
  -122
  -133
  -144
  -156
  -168
  -181
  -195
  -209
  -223
  -238
  -254
  -270
  -287
  -304
  -323
  -342
  -362
  -382
  -404
  -427
  -450
  -475
  -501
  -528
  -556
  -586
  -617
New CAPEX, $m
  -104
  -109
  -114
  -119
  -123
  -128
  -134
  -139
  -144
  -150
  -156
  -162
  -168
  -175
  -182
  -190
  -198
  -206
  -215
  -224
  -234
  -244
  -255
  -267
  -279
  -292
  -305
  -320
  -335
  -350
Cash from investing activities, $m
  -196
  -210
  -225
  -241
  -256
  -272
  -290
  -307
  -325
  -345
  -365
  -385
  -406
  -429
  -452
  -477
  -502
  -529
  -557
  -586
  -616
  -648
  -682
  -717
  -754
  -793
  -833
  -876
  -921
  -967
Free cash flow, $m
  -596
  -662
  -731
  -802
  -877
  -955
  -1,035
  -1,119
  -1,206
  -1,296
  -1,390
  -1,488
  -1,589
  -1,695
  -1,805
  -1,920
  -2,040
  -2,164
  -2,295
  -2,431
  -2,572
  -2,721
  -2,876
  -3,038
  -3,207
  -3,385
  -3,570
  -3,765
  -3,968
  -4,181
Issuance/(repayment) of debt, $m
  124
  130
  136
  142
  148
  154
  160
  166
  173
  179
  186
  194
  202
  210
  218
  227
  237
  247
  257
  268
  280
  293
  306
  319
  334
  349
  365
  382
  400
  419
Issuance/(repurchase) of shares, $m
  605
  670
  739
  809
  883
  960
  1,040
  1,123
  1,209
  1,298
  1,365
  1,462
  1,562
  1,667
  1,776
  1,889
  2,008
  2,131
  2,260
  2,394
  2,535
  2,681
  2,834
  2,995
  3,162
  3,337
  3,521
  3,713
  3,914
  4,125
Cash from financing (excl. dividends), $m  
  729
  800
  875
  951
  1,031
  1,114
  1,200
  1,289
  1,382
  1,477
  1,551
  1,656
  1,764
  1,877
  1,994
  2,116
  2,245
  2,378
  2,517
  2,662
  2,815
  2,974
  3,140
  3,314
  3,496
  3,686
  3,886
  4,095
  4,314
  4,544
Total cash flow (excl. dividends), $m
  133
  139
  144
  149
  154
  159
  165
  170
  176
  182
  161
  168
  174
  181
  189
  196
  205
  213
  222
  232
  242
  253
  264
  276
  289
  302
  316
  331
  346
  362
Retained Cash Flow (-), $m
  -605
  -670
  -739
  -809
  -883
  -960
  -1,040
  -1,123
  -1,209
  -1,298
  -1,365
  -1,462
  -1,562
  -1,667
  -1,776
  -1,889
  -2,008
  -2,131
  -2,260
  -2,394
  -2,535
  -2,681
  -2,834
  -2,995
  -3,162
  -3,337
  -3,521
  -3,713
  -3,914
  -4,125
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -472
  -531
  -595
  -660
  -729
  -801
  -875
  -953
  -1,033
  -1,117
  -1,204
  -1,294
  -1,388
  -1,486
  -1,587
  -1,693
  -1,803
  -1,918
  -2,037
  -2,162
  -2,292
  -2,428
  -2,570
  -2,718
  -2,873
  -3,035
  -3,205
  -3,382
  -3,568
  -3,762
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  -452
  -486
  -517
  -544
  -565
  -581
  -591
  -595
  -593
  -585
  -572
  -552
  -528
  -499
  -466
  -430
  -392
  -353
  -314
  -275
  -237
  -201
  -168
  -138
  -112
  -89
  -69
  -52
  -39
  -28
Current shareholders' claim on cash, %
  65.4
  42.7
  27.9
  18.2
  11.8
  7.7
  5.0
  3.3
  2.1
  1.4
  0.9
  0.6
  0.4
  0.3
  0.2
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy. It Electrometallurgy segment includes its coal and quartz mining operations and its silicon metal and ferroalloy production, whereas the Energy segment consists of its hydroelectric power operations. It currently operates approximately 20 production smelting facilities in the field of electrometallurgy: approximately five in Spain, over five in the United States of America, over six in France, over three in South Africa, one in Venezuela, one in Poland, one in Canada, one in Argentina and one in China. It diversifies its production base across approximately five continents, such as Africa, Asia, Europe, North America and South America.

FINANCIAL RATIOS  of  Ferroglobe (GSM)

Valuation Ratios
P/E Ratio -3.4
Price to Sales 0.7
Price to Book 1.5
Price to Tangible Book
Price to Cash Flow 9.4
Price to Free Cash Flow 25.4
Growth Rates
Sales Growth Rate 20.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 4.1%
Cap. Spend. - 3 Yr. Gr. Rate 13.7%
Financial Strength
Quick Ratio 1
Current Ratio 0.2
LT Debt to Equity 35.2%
Total Debt to Equity 67.8%
Interest Coverage -13
Management Effectiveness
Return On Assets -14.2%
Ret/ On Assets - 3 Yr. Avg. -1.4%
Return On Total Capital -22.8%
Ret/ On T. Cap. - 3 Yr. Avg. -7.6%
Return On Equity -35.2%
Return On Equity - 3 Yr. Avg. -11.5%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 33%
Gross Margin - 3 Yr. Avg. 35.6%
EBITDA Margin -15.9%
EBITDA Margin - 3 Yr. Avg. 1.4%
Operating Margin -24.1%
Oper. Margin - 3 Yr. Avg. -6.4%
Pre-Tax Margin -25.8%
Pre-Tax Margin - 3 Yr. Avg. -7%
Net Profit Margin -21.7%
Net Profit Margin - 3 Yr. Avg. -7.5%
Effective Tax Rate 11.4%
Eff/ Tax Rate - 3 Yr. Avg. -131.7%
Payout Ratio -16.3%

GSM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GSM stock intrinsic value calculation we used $1741.693 million for the last fiscal year's total revenue generated by Ferroglobe. The default revenue input number comes from 0001 income statement of Ferroglobe. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GSM stock valuation model: a) initial revenue growth rate of 10.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for GSM is calculated based on our internal credit rating of Ferroglobe, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Ferroglobe.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GSM stock the variable cost ratio is equal to 123.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for GSM stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 15.2% for Ferroglobe.

Corporate tax rate of 27% is the nominal tax rate for Ferroglobe. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GSM stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GSM are equal to 56.8%.

Life of production assets of 10.8 years is the average useful life of capital assets used in Ferroglobe operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GSM is equal to 4.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $816.024 million for Ferroglobe - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 171.977 million for Ferroglobe is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Ferroglobe at the current share price and the inputted number of shares is $1.1 billion.

RELATED COMPANIES Price Int.Val. Rating
CRS Carpenter Tech 42.84 4.60  str.sell
HAYN Haynes Interna 31.56 6.45  str.sell
GLW Corning 32.03 11.01  str.sell
NGG National Grid 55.64 676.89  str.buy
ATI Allegheny Tech 27.12 2.40  str.sell

COMPANY NEWS

▶ Estimating The Intrinsic Value Of Ferroglobe PLC (NASDAQ:GSM)   [Oct-02-18 12:01PM  Simply Wall St.]
▶ Before You Buy Ferroglobe PLCs (NASDAQ:GSM), Consider This   [Aug-24-18 10:25AM  Simply Wall St.]
▶ Ferroglobe PLC to Host Earnings Call   [Aug-22-18 07:00AM  ACCESSWIRE]
▶ Globe Specialty Metals: 2Q Earnings Snapshot   [04:39PM  Associated Press]
▶ Why Ferroglobe PLC Stock Jumped 11% on Friday   [Aug-17-18 06:09PM  Motley Fool]
▶ Why Ferroglobe PLC Stock Just Jumped 17%   [Aug-16-18 01:33PM  Motley Fool]
▶ Is Ferroglobe PLC (NASDAQ:GSM) A Good Dividend Stock?   [Jun-26-18 03:30PM  Simply Wall St.]
▶ Ferroglobe Appoints Phillip Murnane Chief Financial Officer   [Jun-25-18 08:27AM  GlobeNewswire]
▶ Ferroglobe Announces Insider Buying   [Jun-07-18 11:54AM  GlobeNewswire]
▶ When Can We Expect A Profit From Ferroglobe PLC (NASDAQ:GSM)?   [May-22-18 07:55AM  Simply Wall St.]
▶ Globe Specialty Metals: 1Q Earnings Snapshot   [May-21-18 06:35PM  Associated Press]
▶ Ferroglobe Files Annual Report, SEC Form 20-F   [Apr-30-18 03:08PM  GlobeNewswire]
▶ Ferroglobe PLC to Host Earnings Call   [Feb-27-18 07:30AM  ACCESSWIRE]
▶ Globe Specialty Metals misses 4Q profit forecasts   [Feb-26-18 07:17PM  Associated Press]
▶ Stocks With Rising Composite Ratings: Ferroglobe   [Dec-12-17 03:00AM  Investor's Business Daily]
▶ Ferroglobe Announces Insider Buying   [Dec-06-17 09:18AM  GlobeNewswire]
▶ Ferroglobe PLC to Host Earnings Call   [Nov-28-17 07:30AM  ACCESSWIRE]
▶ Globe Specialty Metals reports 3Q loss   [Nov-27-17 05:59PM  Associated Press]
▶ Ferroglobe Update on Silicon Metal Trade Case in Canada   [Nov-03-17 09:15AM  GlobeNewswire]
▶ A Well-Defined Niche: Steel-Alloy Stocks Rebound In New Era   [Oct-27-17 12:38PM  Investor's Business Daily]
▶ Ferroglobe Announces General Meeting of Shareholders   [Oct-02-17 03:01PM  GlobeNewswire]
▶ Ferroglobe Announces Inaugural Investor Day   [Sep-22-17 11:05AM  GlobeNewswire]
▶ Your first trade for Friday, September 15   [Sep-15-17 08:38AM  CNBC]
▶ "Fast Money" final trades: XOM, VSTO and more   [Sep-14-17 05:59PM  CNBC Videos]
▶ Investor Network: Ferroglobe PLC to Host Earnings Call   [Aug-30-17 07:00AM  ACCESSWIRE]
▶ Globe Specialty Metals tops 2Q profit forecasts   [Aug-29-17 07:52PM  Associated Press]
▶ Ferroglobe Update on Sale of Hydro-Electric Assets in Spain   [Jul-26-17 12:00PM  GlobeNewswire]
▶ Four stocks the traders would buy for their dad   [Jun-16-17 05:25PM  CNBC Videos]
▶ Ferroglobe Announces Insider Buying   [Jun-15-17 11:28AM  GlobeNewswire]
▶ Why Ferroglobe PLC Stock Just Jumped 9%   [11:51AM  Motley Fool]
▶ Globe Specialty Metals reports 1Q loss   [05:14AM  Associated Press]
▶ Ferroglobe Reports Results for First Quarter 2017   [May-21-17 06:06PM  GlobeNewswire]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.