Friedman Industries Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $12.7
- Today's High:
- $13.551
- Open Price:
- $13.09
- 52W Low:
- $6.6822
- 52W High:
- $18.31
- Prev. Close:
- $13.13
- Volume:
- 30040
Company Statistics
- Market Cap.:
- $96.84 million
- Book Value:
- 16.727
- Revenue TTM:
- $523.04 million
- Operating Margin TTM:
- 3.73%
- Gross Profit TTM:
- $40.99 million
- Profit Margin:
- 3.41%
- Return on Assets TTM:
- 5.15%
- Return on Equity TTM:
- 15.79%
Company Profile
Friedman Industries Inc had its IPO on 1992-03-17 under the ticker symbol FRD.
The company operates in the Basic Materials sector and Steel industry. Friedman Industries Inc has a staff strength of 234 employees.
Stock update
Shares of Friedman Industries Inc opened at $13.09 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $12.7 - $13.55, and closed at $13.03.
This is a -0.76% slip from the previous day's closing price.
A total volume of 30,040 shares were traded at the close of the day’s session.
In the last one week, shares of Friedman Industries Inc have slipped by -8.56%.
Friedman Industries Inc's Key Ratios
Friedman Industries Inc has a market cap of $96.84 million, indicating a price to book ratio of 0.6582 and a price to sales ratio of 0.1649.
In the last 12-months Friedman Industries Inc’s revenue was $523.04 million with a gross profit of $40.99 million and an EBITDA of $22.28 million. The EBITDA ratio measures Friedman Industries Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Friedman Industries Inc’s operating margin was 3.73% while its return on assets stood at 5.15% with a return of equity of 15.79%.
In Q2, Friedman Industries Inc’s quarterly earnings growth was a negative -32.9% while revenue growth was a negative 15.1%.
Friedman Industries Inc’s PE and PEG Ratio
- Forward PE
- 0
- Trailing PE
- 5.4708
- PEG
- 0
Its diluted EPS in the last 12-months stands at $2.4 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Friedman Industries Inc’s profitability.
Friedman Industries Inc stock is trading at a EV to sales ratio of 0.231 and a EV to EBITDA ratio of 13.5468. Its price to sales ratio in the trailing 12-months stood at 0.1649.
Friedman Industries Inc stock pays annual dividends of $0.08 per share, indicating a yield of 0.62% and a payout ratio of 3.1%.
Balance sheet and cash flow metrics
- Total Assets
- $199.31 million
- Total Liabilities
- $45.09 million
- Operating Cash Flow
- $-8177512.00
- Capital Expenditure
- $8.18 million
- Dividend Payout Ratio
- 3.1%
Friedman Industries Inc ended 2024 with $199.31 million in total assets and $0 in total liabilities. Its intangible assets were valued at $199.31 million while shareholder equity stood at $115.43 million.
Friedman Industries Inc ended 2024 with $4.44 million in deferred long-term liabilities, $45.09 million in other current liabilities, 8869000.00 in common stock, $79.65 million in retained earnings and $0 in goodwill. Its cash balance stood at $2.99 million and cash and short-term investments were $2.99 million. The company’s total short-term debt was $107,000 while long-term debt stood at $39.30 million.
Friedman Industries Inc’s total current assets stands at $143.66 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $49.37 million compared to accounts payable of $36.85 million and inventory worth $86.25 million.
In 2024, Friedman Industries Inc's operating cash flow was $-8177512.00 while its capital expenditure stood at $8.18 million.
Comparatively, Friedman Industries Inc paid $0.03 in dividends in 2024.
Other key metrics
- Current Trading Price
- $13.03
- 52-Week High
- $18.31
- 52-Week Low
- $6.6822
- Analyst Target Price
- $
Friedman Industries Inc stock is currently trading at $13.03 per share. It touched a 52-week high of $18.31 and a 52-week low of $18.31. Analysts tracking the stock have a 12-month average target price of $.
Its 50-day moving average was $14.87 and 200-day moving average was $11.68 The short ratio stood at 0.4 indicating a short percent outstanding of 0%.
Around 1530% of the company’s stock are held by insiders while 3539.8% are held by institutions.
Frequently Asked Questions About Friedman Industries Inc
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About
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 is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils. This segment also processes customer-owned coils on a fee basis. The company sells coil products and processing services to approximately 230 customers located primarily in the midwestern, southwestern and southeastern regions of the United States. Its principal customers for these products and services are 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. The Tubular segment manufactures line and oil country pipes, as well as pipes for structural applications. This segment sells its tubular products principally to steel and pipe distributors through its own sales force. Friedman Industries, Incorporated was incorporated in 1965 and is headquartered in Longview, Texas.