$1.4 B

FOE Mkt cap, 12-Feb-2019

$395.2 M

Ferro Revenue Q3, 2018
Ferro Gross profit (Q3, 2018)105.5 M
Ferro Gross profit margin (Q3, 2018), %26.7%
Ferro Net income (Q3, 2018)16.1 M
Ferro Cash, 30-Sep-2018126.3 M
Ferro EV2.2 B

Ferro Revenue

Ferro revenue was $1.40 b in FY, 2017 which is a 22% year over year increase from the previous period.

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Ferro Revenue Breakdown

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Ferro revenue breakdown by business segment: 25.6% from Color Solutions, 31.8% from Performance Colors and Glass and 42.5% from Performance Coatings

Ferro revenue breakdown by geographic segment: 48.9% from Europe, 25.5% from United States, 11.5% from Latin America and 14.0% from Asia Pacific

Ferro Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

1.1b1.1b1.4b

Revenue growth, %

(3%)7%22%

Cost of goods sold

773.7m794.1m980.5m

Gross profit

301.7m351.2m416.2m

Gross profit Margin, %

28%31%30%

General and administrative expense

216.9m241.7m258.6m

Operating expense total

226.6m257.6m270.0m

EBIT

99.9m44.6m57.8m

EBIT margin, %

9%4%4%

Interest expense

15.2m21.5m27.8m

Interest income

363.0k630.0k901.0k

Pre tax profit

54.8m62.4m110.5m

Income tax expense

(45.1m)17.9m52.8m

Net Income

63.1m(19.9m)57.8m

Ferro Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

58.4m45.6m63.6m

Accounts Receivable

232.0m259.7m354.4m

Inventories

184.9m229.8m324.2m

Current Assets

553.3m582.0m825.7m

PP&E

260.4m262.0m321.7m

Goodwill

145.7m148.3m195.4m

Total Assets

1.2b1.3b1.7b

Accounts Payable

120.4m127.7m211.7m

Short-term debt

7.4m17.3m25.1m

Current Liabilities

218.2m246.0m355.2m

Long-term debt

466.1m557.2m726.5m

Total Debt

473.6m574.5m751.6m

Total Liabilities

901.1m1.0b1.3b

Common Stock

93.4m93.4m93.4m

Additional Paid-in Capital

314.9m306.6m302.2m

Retained Earnings

135.5m114.7m171.7m

Total Equity

324.3m255.0m356.7m

Debt to Equity Ratio

1.5 x2.3 x2.1 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x

Financial Leverage

3.8 x5 x4.7 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

55.9m49.4m40.6m92.8m78.9m52.2m53.3m44.9m126.3m

Accounts Receivable

261.4m278.9m282.8m289.5m330.5m337.9m393.2m395.9m381.4m

Inventories

195.4m207.3m211.3m250.6m272.2m286.8m358.1m381.8m377.6m

Current Assets

588.5m601.8m579.0m681.4m736.2m746.5m886.9m914.8m982.6m

PP&E

258.8m252.5m249.5m258.0m274.0m288.8m325.7m335.0m353.9m

Goodwill

150.6m141.2m142.9m148.2m157.8m197.8m198.5m199.2m214.8m

Total Assets

1.2b1.3b1.2b1.4b1.5b1.6b1.8b1.8b1.9b

Accounts Payable

130.4m129.9m123.3m139.9m158.7m155.5m204.3m201.4m217.3m

Short-term debt

11.1m10.5m10.2m16.6m23.1m18.5m35.5m25.7m9.6m

Current Liabilities

233.4m233.8m226.5m256.8m287.4m300.9m353.8m342.1m344.6m

Long-term debt

493.2m485.4m477.1m618.3m637.9m673.5m773.2m815.0m923.6m

Total Debt

504.4m495.9m487.3m635.0m660.9m691.9m808.8m840.8m933.3m

Total Liabilities

943.2m933.8m916.8m1.1b1.2b1.2b1.4b1.4b1.5b

Common Stock

93.4m93.4m93.4m93.4m93.4m93.4m93.4m93.4m93.4m

Additional Paid-in Capital

306.8m307.1m304.8m303.3m303.8m303.4m296.0m296.2m296.1m

Retained Earnings

125.5m144.5m135.6m136.6m157.6m180.4m199.3m228.9m245.0m

Total Equity

303.5m320.9m316.2m286.3m322.9m347.1m391.3m383.7m388.0m

Debt to Equity Ratio

1.7 x1.5 x1.5 x2.2 x2 x2 x2.1 x2.2 x2.4 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.5 x0.4 x0.4 x0.5 x0.5 x0.5 x

Financial Leverage

4.1 x3.9 x3.9 x4.8 x4.6 x4.5 x4.5 x4.6 x4.9 x

Ferro Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017

Net Income

63.1m(19.9m)57.8m

Depreciation and Amortization

41.1m46.8m50.1m

Accounts Receivable

20.2m(21.9m)(25.9m)

Inventories

6.6m(10.3m)(47.0m)

Accounts Payable

(14.6m)1.2m26.2m

Cash From Operating Activities

51.2m62.6m84.8m

Purchases of PP&E

(43.1m)(24.9m)(50.6m)

Cash From Investing Activities

(244.6m)(150.8m)(178.9m)

Short-term Borrowings

(7.3m)4.6m(19.6m)

Long-term Borrowings

(75.4m)(267.2m)(681.9m)

Cash From Financing Activities

119.7m82.0m108.4m

Net Change in Cash

(82.1m)(12.8m)18.0m

Interest Paid

16.2m17.5m26.9m

Income Taxes Paid

21.4m19.7m25.7m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(9.7m)9.4m708.0k22.1m43.4m66.3m23.6m53.5m69.6m

Depreciation and Amortization

10.7m21.9m33.6m11.4m23.2m36.0m13.4m27.0m40.2m

Accounts Receivable

(23.6m)(41.7m)(44.4m)(26.6m)(48.2m)(45.0m)(32.7m)(50.8m)(36.4m)

Inventories

(7.7m)(17.7m)(44.4m)(17.1m)(28.7m)(31.4m)(28.8m)(65.4m)(58.8m)

Accounts Payable

5.6m3.2m(3.2m)8.2m14.1m581.0k(7.1m)(1.5m)11.1m

Cash From Operating Activities

(10.2m)(2.0m)6.7m1.6m14.7m34.7m(34.3m)(37.7m)35.7m

Purchases of PP&E

(7.4m)(14.0m)(18.2m)(6.8m)(16.9m)(30.1m)(20.7m)(43.6m)(64.2m)

Cash From Investing Activities

(11.7m)(17.1m)(26.0m)(6.8m)(31.5m)(99.2m)(23.0m)(48.5m)(111.9m)

Cash From Financing Activities

19.2m10.8m1.9m51.9m47.9m68.0m45.8m68.5m141.2m

Net Change in Cash

(2.5m)(9.0m)(17.8m)47.2m33.3m6.6m(10.3m)(18.7m)62.7m

Interest Paid

4.8m9.3m15.0m6.5m14.7m20.6m7.3m16.5m24.9m

Income Taxes Paid

2.7m7.4m12.9m4.1m9.5m16.6m4.6m14.4m17.6m

Ferro Ratios

USDY, 2018

EV/CFO

62.3 x

Debt/Equity

2.4 x

Debt/Assets

0.5 x

Financial Leverage

4.9 x
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Ferro Operating Metrics

FY, 2015FY, 2016FY, 2017

Countries

32 32 34

Manufacturing Facilities

36 41 51
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Ferro Employee Rating

2.867 votes
Culture & Values
2.4
Work/Life Balance
2.5
Senior Management
2.4
Salary & Benefits
2.8
Career Opportunities
2.5
Source