(GSM) Ferroglobe - Overview
Sector: Basic Materials | Industry: Other Industrial Metals & Mining | Exchange: NASDAQ (USA) | Market Cap: 802m USD | Total Return: 11.8% in 12m
Avg Turnover: 4.75M
Qual. Beats: 0
Rev. Trend: -93.7%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -7.7 is critical
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Choppy
Tailwinds
No distinct edge detected
Ferroglobe PLC is a global producer of silicon metal and ferroalloys, specializing in silicon and manganese-based products essential for industrial manufacturing. The company operates an integrated business model, managing upstream assets including quartz and coal mines alongside hydroelectric power facilities to support its energy-intensive electrometallurgical processes. Its output serves critical sectors such as aluminum production, steel manufacturing, automotive supply chains, and the semiconductor industry.
The silicon metal market is highly cyclical and serves as a fundamental input for the high-growth solar and silicone chemical industries. Unlike commodity steel, specialty ferroalloys like ferrosilicon and silicomanganese are valued for their specific chemical properties, such as deoxidation and desulfurization, which are vital for high-performance metallurgy. Investors may find more detailed fundamental metrics for this company on ValueRay.
Headquartered in London, the company maintains a diversified geographical footprint with mining and production operations across North America, Europe, and Africa. This infrastructure allows Ferroglobe to supply manufacturers of photovoltaic cells, computer chips, and ductile iron foundries globally.
- Silicon metal demand increases from solar energy and semiconductor sectors
- Global steel production volume dictates manganese and ferrosilicon alloy revenue
- Electricity prices in European operations significantly impact manufacturing cost structures
- Raw material price volatility for manganese ore and metallurgical coal affects margins
- Aluminum industry output levels drive silicon metal sales and pricing power
| Net Income: -111.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -1.92 > 1.0 |
| NWC/Revenue: 16.58% < 20% (prev 22.30%; Δ -5.72% < -1%) |
| CFO/TA 0.01 > 3% & CFO 19.4m > Net Income -111.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (188.3m) vs 12m ago 0.68% < -2% |
| Gross Margin: 2.78% > 18% (prev 0.27%; Δ 250.8% > 0.5%) |
| Asset Turnover: 89.87% > 50% (prev 91.88%; Δ -2.01% > 0%) |
| Interest Coverage Ratio: -7.74 > 6 (EBITDA TTM -87.3m / Interest Expense TTM 22.1m) |
| DSRI: 1.05 (Receivables 308.8m/302.0m, Revenue 1.38b/1.42b) |
| GMI: 9.64 (GM 2.78% / 26.77%) |
| AQI: 1.13 (AQ_t 0.18 / AQ_t-1 0.16) |
| SGI: 0.97 (Revenue 1.38b / 1.42b) |
| TATA: -0.09 (NI -111.3m - CFO 19.4m) / TA 1.52b) |
| Beneish M = 4.82 (Cap -4..+1) = D |
As of May 26, 2026, the stock is trading at USD 4.29 with a total of 6,269,900 shares traded.
Over the past week, the price has changed by +8.33%,
over one month by -6.13%,
over three months by -18.27% and
over the past year by +11.83%.
Ferroglobe has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy GSM.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6 | 39.9% |
P/E Forward = 29.5858
P/S = 0.5827
P/B = 1.397
P/EG = 9.51
Revenue TTM = 1.38b USD
EBIT TTM = -171.3m USD
EBITDA TTM = -87.3m USD
Long Term Debt = 59.3m USD (from longTermDebt, last quarter)
Short Term Debt = 125.1m USD (from shortTermDebt, last quarter)
Debt = 308.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 68.0m
Net Debt = 211.6m USD (calculated: Debt 308.0m - CCE 96.4m)
Enterprise Value = 1.01b USD (801.6m + Debt 308.0m - CCE 96.4m)
Interest Coverage Ratio = -7.74 (Ebit TTM -171.3m / Interest Expense TTM 22.1m)
EV/FCF = -26.07x (Enterprise Value 1.01b / FCF TTM -38.9m)
FCF Yield = -3.84% (FCF TTM -38.9m / Enterprise Value 1.01b)
FCF Margin = -2.83% (FCF TTM -38.9m / Revenue TTM 1.38b)
Net Margin = -8.09% (Net Income TTM -111.3m / Revenue TTM 1.38b)
Gross Margin = 2.78% ((Revenue TTM 1.38b - Cost of Revenue TTM 1.34b) / Revenue TTM)
Gross Margin QoQ = 12.51% (prev -28.64%)
Tobins Q-Ratio = 0.67 (Enterprise Value 1.01b / Total Assets 1.52b)
Interest Expense / Debt = 7.19% (Interest Expense 22.1m / Debt 308.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -135.4m (EBIT -171.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.43 (Total Current Assets 760.2m / Total Current Liabilities 532.0m)
Debt / Equity = 0.46 (Debt 308.0m / totalStockholderEquity, last quarter 670.5m)
Debt / EBITDA = -2.42 (negative EBITDA) (Net Debt 211.6m / EBITDA -87.3m)
Debt / FCF = -5.44 (negative FCF - burning cash) (Net Debt 211.6m / FCF TTM -38.9m)
Total Stockholder Equity = 740.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -7.27% (Net Income -111.3m / Total Assets 1.52b)
RoE = -15.03% (Net Income TTM -111.3m / Total Stockholder Equity 740.5m)
RoCE = -21.42% (EBIT -171.3m / Capital Employed (Equity 740.5m + L.T.Debt 59.3m))
RoIC = -12.15% (negative operating profit) (NOPAT -135.4m / Invested Capital 1.11b)
WACC = 8.16% (E(801.6m)/V(1.11b) * Re(9.11%) + D(308.0m)/V(1.11b) * Rd(7.19%) * (1-Tc(0.21)))
Discount Rate = 9.11% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 40.45 | Cagr: 0.10%
[DCF] Fair Price = unknown (Cash Flow -38.9m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.17 | # QB: 0
Revenue Correlation: -93.66 | Revenue CAGR: -9.61% | SUE: 0.11 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.07 | Chg30d=N/A | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.02 | Chg30d=-136.36% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.09 | Chg30d=-165.38% | Revisions=-20% | GrowthEPS=+78.2% | GrowthRev=+14.7%
EPS next Year (2027-12-31): EPS=0.50 | Chg30d=-27.01% | Revisions=-20% | GrowthEPS=+688.2% | GrowthRev=+20.0%
[Analyst] Revisions Ratio: -20%