-3.39%
-8.70%
0.07%
-17.40%
-16.41%
47.10%
137.82%
AI Spotlight on FRD
Company Description
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.
Market Data
| Last Price | 13.96 |
| Change Percentage | -3.39% |
| Open | 14.12 |
| Previous Close | 14.45 |
| Market Cap ( Millions) | 97 |
| Volume | 9428 |
| Year High | 19.52 |
| Year Low | 13.4 |
| M A 50 | 15.19 |
| M A 200 | 15.97 |
Financial Ratios
| FCF Yield | 25.83% |
| Dividend Yield | 1.15% |
| ROE | 6.32% |
| Debt / Equity | 30.04% |
| Net Debt / EBIDTA | 155.55% |
| Price To Book | 0.75 |
| Price Earnings Ratio | 12.06 |
| Price To FCF | 3.87 |
| Price To sales | 0.21 |
| EV / EBITDA | 5.74 |
News
- Dec -03 - Friedman Industries, Incorporated Announces Cash Dividend
- Nov -29 - Friedman's Q2 2024 Is An Unusual Peek Into Its True Profitability, And It's Not Great
- Nov -14 - Friedman Stock Declines Post Q2 Earnings on Lower Sales, Demand
- Nov -12 - Friedman Industries, Incorporated Announces Second Quarter Results
- Sep -19 - The Zacks Analyst Blog The Home Depot, The Southern, Infosys, Kewaunee Scientific and Friedman Industries
- Sep -18 - Friedman Industries, Incorporated Announces Cash Dividend
- Aug -12 - Friedman Industries (FRD) Q1 Earnings and Revenues Decline Y/Y
- Aug -08 - Friedman Industries, Incorporated Announces First Quarter Results
- Jun -26 - Friedman Industries, Incorporated Announces Cash Dividend
- Jun -20 - Zacks Initiates Coverage of Friedman Industries With Neutral Recommendation
- Jun -17 - Friedman Industries: Decent Q4 FY24 Results But Still Not Cheap
- Jun -12 - Friedman Industries (FRD) Q4 Earnings Decline Y/Y, Margins Down
- Jun -11 - Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2024 Results
- Mar -21 - FRIEDMAN INDUSTRIES, INCORPORATED INCREASES CASH DIVIDEND
- Feb -14 - Friedman Industries, Incorporated Announces Third Quarter Results
- Dec -18 - FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES SHARE REPURCHASE AND AUTHORIZATION OF ADDITIONAL SHARE REPURCHASE PROGRAM
- Dec -13 - FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND
- Nov -14 - Friedman Industries, Incorporated Announces Second Quarter Results and Provides Update on Strategic Growth Initiatives
- Sep -13 - FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND
- Aug -14 - Friedman Industries, Incorporated Announces First Quarter Results and Provides Near-Term Outlook
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Coil
Expected Growth : 5.5 %
What the company do ?
The Coil from Friedman Industries, Incorporated is a high-quality, precision-wound coil used in various industrial applications, offering reliability and efficiency.
Why we expect these perspectives ?
Growing demand for industrial automation and increasing adoption of precision-wound coils in various industries, such as aerospace, automotive, and energy, drive the growth of The Coil from Friedman Industries, Incorporated.
Segment n°2 -> Tubular
Expected Growth : 4.8 %
What the company do ?
The Tubular from Friedman Industries, Incorporated is a high-strength, low-alloy steel tubing product used in oil and gas exploration and production.
Why we expect these perspectives ?
Growing demand for oil and gas exploration and production, increasing adoption of high-strength steel tubing in drilling and extraction operations, and rising investments in energy infrastructure drive the growth of the tubular market.
Friedman Industries, Incorporated Products
| Product Range | What is it ? |
|---|---|
| Tubular Products | Friedman Industries, Incorporated provides a wide range of tubular products, including oil country tubular goods (OCTG), line pipe, and standard pipe, used in the oil and gas industry for drilling, production, and transportation of oil and natural gas. |
| SBQ Products | The company offers special bar quality (SBQ) products, including alloy, stainless, and carbon steel bars, used in the manufacture of axles, gears, and other components for the automotive, construction, and industrial equipment industries. |
| Merchant Bar Products | Friedman Industries, Incorporated provides merchant bar products, including angles, channels, flats, and rounds, used in the construction, industrial, and manufacturing industries. |
Friedman Industries, Incorporated's Porter Forces
Threat Of Substitutes
The threat of substitutes for Friedman Industries, Incorporated is moderate due to the availability of alternative products in the market.
Bargaining Power Of Customers
The bargaining power of customers is high due to the concentration of buyers in the market, giving them significant negotiating power.
Bargaining Power Of Suppliers
The bargaining power of suppliers is low due to the presence of multiple suppliers in the market, reducing their negotiating power.
Threat Of New Entrants
The threat of new entrants is moderate due to the moderate barriers to entry in the industry, making it possible for new companies to enter the market.
Intensity Of Rivalry
The intensity of rivalry is high due to the presence of several established companies in the market, leading to intense competition.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 22.35% |
| Debt Cost | 8.82% |
| Equity Weight | 77.65% |
| Equity Cost | 10.64% |
| WACC | 10.24% |
| Leverage | 28.78% |
Friedman Industries, Incorporated : Quality Control
Friedman Industries, Incorporated passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| USAP | Universal Stainless & Alloy Products, Inc., together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. Its products include stainless steel, … |
| MTUS | Metallus Inc. manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, … |
| ACNT | Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. It manufactures welded pipes and … |
| WLKP | Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities primarily convert ethane into ethylene. It also … |
| ZEUS | Olympic Steel, Inc. processes, distributes, and storage metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Westlake Chemical Partners
A-Score
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Ascent Industries
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Olympic Steel
A-Score
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4
Friedman Industries
A-Score
1-Year Total Return ->
5
Universal Stainless & Alloy Products
A-Score
1-Year Total Return ->
6
