Graftech International Intrinsic Value Calculator – GrafTech Increases Public Float, Announces Board Resignations
December 18, 2023
🌧️Trending News
GRAFTECH ($NYSE:EAF): GrafTech International Ltd. recently announced a significant increase in its public float and the resignation of its board. GrafTech International Ltd. is a leading supplier of high-quality graphite electrodes and related products and services, which are essential for producing electric arc furnace steel. As one of the world’s largest graphite electrode providers, GrafTech serves a variety of customers from steel mills and steel-related industries, providing them with superior products and services. The company also produces other carbon and graphite-based products like flexible graphite, carbon fiber, and graphite machined components.
The new board of directors consists of five members, with Mark A. Mlotek as the new chairman. GrafTech’s recent decisions demonstrate the company’s commitment to increasing its public float and strengthening its board of directors. With its new distribution and board members, GrafTech is well-positioned to continue providing its customers with superior products and services in the future.
Price History
On Thursday, GRAFTECH INTERNATIONAL, a manufacturer of graphite electrodes, announced that it had increased its public float and accepted the resignation of three board members. The stock opened at $2.6 and closed at $2.6, up by 3.2% from the previous closing price of $2.5. The company stated that the board resignations were voluntary and did not affect its operations or financial performance. It also noted that the increased public float would enhance its liquidity and help it capitalize on market opportunities.
In addition, GRAFTECH INTERNATIONAL said that the resigning board members had made a significant contribution to the company in terms of experience and knowledge. It thanked them and wished them well in their future endeavors. The company also said that it was confident that it could continue to successfully execute its business strategy and build long-term value for its shareholders. Overall, the news of GRAFTECH INTERNATIONAL increasing its public float and accepting board resignations had a positive effect on the stock price, with the share price increasing 3.2%. 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 |
| 730.87 | 12.49 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Graftech International. More…
| Operations | Investing | Financing |
| 117.29 | -74.92 | 18.85 |
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 |
| 1.48k | 1.19k | 1.12 |
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 |
| -17.5% | -55.5% | 9.2% |
| FCF Margin | ROE | ROA |
| 5.8% | 13.7% | 2.8% |
Analysis – Graftech International Intrinsic Value Calculator
GoodWhale recently conducted an analysis on GRAFTECH INTERNATIONAL’s wellbeing in the market. Using our proprietary Valuation Line, we calculated the fair value of GRAFTECH INTERNATIONAL to be around $3.4. However, the stock is currently being traded at a price of $2.6, which is roughly 22.9% lower than its fair value. This indicates that GRAFTECH INTERNATIONAL stock is currently undervalued and presents an opportunity for investors to purchase the asset at a discounted price. More…
Peers
GrafTech International Ltd is one of the world’s largest manufacturers of graphite electrodes, which are used in electric arc furnaces to make steel. The company has a market share of about 17 percent. Its main competitors are Nanjing Baose Co Ltd, Zhenjiang Dongfang Electric Heating Technology Co Ltd, and Fuda Alloy Materials Co Ltd.
– Nanjing Baose Co Ltd ($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 is an industrial graphite products company and its stock has recently seen a noticeable increase in its public float. This was due to a consortium stock distribution and the resignation of the board of directors. Investors should take note of this news as it can act as a strong indicator for future growth. With the new floated shares, the company expects to expand their operations and bring on more customers looking to invest in their products.
The stock price has also seen a positive move since the announcement, which bodes well for future investors. With plans to focus on product development and innovation, GrafTech looks to be a promising investment opportunity in the near future.
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