GRAFTECH INTERNATIONAL Reports Q2 Earnings Results for FY2023, Ending June 30 2023
August 14, 2023
🌥️Earnings Overview
GRAFTECH INTERNATIONAL ($NYSE:EAF) reported its earnings results for the second quarter of FY2023, ending June 30 2023, on August 4 2023. Overall revenue totalled USD 185.6 million, a decrease of 49.0% compared to Q2 of the prior year. Net income was USD -7.8 million, a substantial decline from 115.0 million seen in the same quarter of the previous year.
Stock Price
This was a significant drop in stock price and one that will likely lead to further market volatility. Overall, the company’s outlook for the coming quarters appears uncertain. Investors should be aware of the risk associated with investing in GRAFTECH INTERNATIONAL but remain optimistic about the company’s long term potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Graftech International. More…
| Total Revenues | Net Income | Net Margin |
| 875.72 | 128.56 | 14.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Graftech International. More…
| Operations | Investing | Financing |
| 133.96 | -82.34 | 23.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Graftech International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.53k | 1.2k | 1.25 |
Key Ratios Snapshot
Some of the financial key ratios for Graftech International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -15.2% | -36.5% | 23.4% |
| FCF Margin | ROE | ROA |
| 5.9% | 39.2% | 8.4% |
Analysis
GoodWhale has conducted an analysis of GRAFTECH INTERNATIONAL‘s fundamentals and found that the company is classified as a ‘cow’, meaning that it has a track record of paying out consistent and sustainable dividends. As a result, we believe that GRAFTECH INTERNATIONAL is an attractive target for investors looking for reliable, steady dividend payments. GRAFTECH INTERNATIONAL also has a very high health score of 8/10 in terms of its cashflows and debt, indicating that it is capable of both paying off its current debt and financing future operations. However, our analysis also revealed that the company is strong in medium in asset, dividend, profitability and weak in growth. This means that investors should be aware of potential risks associated with investing in GRAFTECH INTERNATIONAL before committing their money. More…
Peers
GrafTech International Ltd is one of the world’s largest manufacturers of graphite electrodes, which are used in electric arc furnaces to make steel. The company has a market share of about 17 percent. Its main competitors are Nanjing Baose Co Ltd, Zhenjiang Dongfang Electric Heating Technology Co Ltd, and Fuda Alloy Materials Co Ltd.
– Nanjing Baose Co Ltd ($SZSE:300402)
Nanjing Baose Co Ltd is a Chinese company with a market cap of 4.12B as of 2022. The company has a Return on Equity of 7.34%. Nanjing Baose Co Ltd is involved in the production and distribution of pharmaceuticals and medical supplies.
– Zhenjiang Dongfang Electric Heating Technology Co Ltd ($SZSE:300217)
Zhenjiang Dongfang Electric Heating Technology Co Ltd is a leading manufacturer of electric heating products in China. The company has a market cap of 10.34B as of 2022 and a return on equity of 7.75%. The company’s products are used in a wide range of applications including space heating, water heating, and industrial heating.
– Fuda Alloy Materials Co Ltd ($SHSE:603045)
Fuda Alloy Materials Co Ltd is a Chinese company that produces aluminum alloy products. Its market cap as of 2022 was $2.25 billion, and its return on equity was 6.16%. The company has a long history, dating back to the early 20th century, and is one of the leading producers of aluminum alloy products in China.
Summary
GRAFTECH INTERNATIONAL recently reported its earnings results for FY2023 Q2 ending June 30 2023. The company saw a total revenue of USD 185.6 million, a decrease of 49.0% year-on-year, and a net loss of USD -7.8 million compared to USD 115.0 million in Q2 of the previous year. This resulted in a sell-off of the stock, indicating investor disinterest. Looking at the numbers, it does not appear to be a favorable time for investing in GRAFTECH INTERNATIONAL.
The company’s revenue and income have declined significantly, which could lead to further drops in stock price and profitability. Investors should be cautious and consider other opportunities in the market before investing in GRAFTECH INTERNATIONAL.
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