Friedman Industries Intrinsic Value Calculator – Friedman Industries Downgraded: Time to Take Profits

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The news of the downgrade of Friedman Industries ($NYSEAM:FRD) is a cause for concern for many investors. It is time to seriously consider taking profits from the company as the ratings have been downgraded. It operates in a number of industries, including electronics, automotive, energy, healthcare and software development. Over the years, Friedman Industries has established itself as a reliable and trustworthy partner for its customers and investors across the world. Friedman Industries’ stock has been steadily declining over the past few months following the downgrade.

With this news, it is important to take precautionary measures to protect your investments and consider taking profits from Friedman Industries. Those who have already invested in the company should review their portfolios and decide if they should sell their stocks. It is important to remember that this downgrade could be the start of a longer-term trend, so investors should weigh their options carefully before making any decisions.

Market Price

On Wednesday, Friedman Industries stock opened at $16.0 and closed at $15.7, down by 3.7% from its last closing price of 16.3. This marks a significant drop in performance for Friedmann Industries, and has led to many investors wondering whether it’s time to take profits off the table. This downgrade comes at a time when the overall market has been exhibiting signs of volatility and caution, making many investors more wary of investing in stocks like Friedman Industries.

As a result, it is likely that many investors will be tempted to cash in on their gains now and move their investments elsewhere. Therefore, it is recommended that investors who have investments in Friedman Industries take a close look at their portfolios and assess whether it is time to move their investments elsewhere. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Friedman Industries. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Friedman Industries. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Friedman Industries. More…

Key Ratios Snapshot

Some of the financial key ratios for Friedman Industries are shown below. More…

Analysis – Friedman Industries Intrinsic Value Calculator

At GoodWhale, we have conducted an analysis of FRIEDMAN INDUSTRIES‘ wellbeing and determined that the intrinsic value of FRIEDMAN INDUSTRIES share is around $16.6. This was calculated using our proprietary Valuation Line, which takes into account a number of factors, such as financial performance, market conditions, and other industry-specific factors. Currently, FRIEDMAN INDUSTRIES stock is traded at $15.7, which is a fair price but slightly undervalued by 5.5%. Thus, FRIEDMAN INDUSTRIES might be a good buy for investors looking for a good return on their money. More…

Peers

Friedman Industries Incorporated is an American steel manufacturing company headquartered in Sherman, Texas. The company was founded in 1948 and is currently one of the largest steel manufacturers in the United States. Friedman Industries operates three steel manufacturing facilities and four pipe coating facilities. The company manufactures a variety of steel products, including hot-rolled, cold-rolled, and galvanized steel, as well as welded steel tubing. Friedman Industries competes with a number of other steel manufacturers, including Gallantt Ispat Ltd, PT Gunung Raja Paksi Tbk, and Ta Chen Stainless Pipe Co Ltd.

– Gallantt Ispat Ltd ($BSE:532726)

Founded in 2006, Gallantt Ispat Limited is an integrated steel manufacturing company located in Raipur, Chhattisgarh, India. With a production capacity of 1.5 million metric tons per annum, the company produces a wide range of long and flat steel products for the construction, engineering, and automotive industries. Gallantt Ispat’s products include rebars, wire rods, TMT bars, and structural steel. The company has a strong presence in the Indian market with a market share of 5-6%. Gallantt Ispat’s products are certified by international quality standards such as ISO 9001:2008, ISO 14001:2004, and OHSAS 18001:2007. The company has a well-diversified customer base with clients in more than 20 countries. Gallantt Ispat’s shares are listed on the National Stock Exchange of India.

– PT Gunung Raja Paksi Tbk ($IDX:GGRP)

PT Gunung Raja Paksi Tbk is an Indonesian holding company that focuses on the production of paper and paper-based products. The company has a market capitalization of 6.72 trillion as of 2022 and a return on equity of 8.12%. PT Gunung Raja Paksi Tbk is the parent company of PT Indah Kiat Pulp and Paper Tbk, one of the largest pulp and paper producers in Indonesia.

– Ta Chen Stainless Pipe Co Ltd ($TWSE:2027)

T Chen Stainless Pipe Co Ltd is a publicly traded company with a market capitalization of $76.47 billion as of 2022. The company’s primary business is the production and sale of stainless steel pipes. In addition to stainless steel pipes, the company also manufactures and sells a variety of other products, including stainless steel fittings, valves, and flanges. The company has a return on equity of 24.54%.

Summary

Friedman Industries is a major steel processor and distributor. Recently, the stock has been downgraded by analysts, prompting investors to take profits. Despite the downgrade, Friedman Industries has a strong financial position with good cash flows and profitability. Their operating margins remain strong and they have a strong balance sheet with plenty of liquidity.

However, their stock price is volatile, so investors should keep an eye on the stock and be prepared to act quickly if market conditions change. Trading should be done with caution and investors should do their own research before investing.