Friedman Industries Financials
| FRD Stock | USD 16.45 0.79 4.58% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Debt Equity Ratio | 0.33 | 0.3161 |
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| Current Ratio | 4.78 | 3.1431 |
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The financial analysis of Friedman Industries is a critical element in measuring its lifeblood. Investors should not minimize Friedman Industries' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.
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Friedman | Select Account or Indicator |
Understanding current and past Friedman Industries Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Friedman Industries' financial statements are interrelated, with each one affecting the others. For example, an increase in Friedman Industries' assets may result in an increase in income on the income statement.
Please note, the presentation of Friedman Industries' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Friedman Industries' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Friedman Industries' management manipulating its earnings.
Friedman Industries Stock Summary
Friedman Industries competes with ArcelorMittal, Aperam PK, Acerinox, Algoma Steel, and Ferrexpo PLC. Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. Friedman Industries, Incorporated was incorporated in 1965 and is headquartered in Longview, Texas. Friedman Industries operates under Steel classification in the United States and is traded on AMEX Exchange. It employs 98 people.Specialization | Basic Materials, Materials |
| Instrument | USA Stock View All |
| Exchange | NYSE MKT Exchange |
| ISIN | US3584351056 |
| CUSIP | 358435105 |
| Location | Texas; U.S.A |
| Business Address | 1121 Judson Road, |
| Sector | Metals & Mining |
| Industry | Materials |
| Benchmark | Dow Jones Industrial |
| Website | www.friedmanindustries.com |
| Phone | 903 758 3431 |
| Currency | USD - US Dollar |
Friedman Industries Key Financial Ratios
| Return On Equity | 0.0629 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.22 % | ||||
| Price To Sales | 0.24 X | ||||
| Revenue | 516.25 M |
Friedman Industries Key Balance Sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 77.3M | 95.0M | 159.3M | 199.3M | 230.0M | 241.5M | |
| Other Current Liab | 600.0K | 6.5M | 16.0M | 2.2M | 10.3M | 10.8M | |
| Net Debt | (16.6M) | (6.4M) | 15.9M | 30.2M | 40.2M | 42.2M | |
| Retained Earnings | 34.5M | 45.4M | 58.9M | 79.7M | 96.3M | 101.1M | |
| Cash | 17.1M | 8.2M | 2.6M | 3.0M | 2.9M | 2.7M | |
| Net Receivables | 11.7M | 20.4M | 35.7M | 49.4M | 47.3M | 49.7M | |
| Inventory | 35.7M | 36.0M | 67.9M | 86.2M | 115.8M | 121.6M | |
| Other Current Assets | 780.2K | 12.9M | 19.1M | 4.5M | 4.0M | 4.2M | |
| Total Liab | 10.5M | 29.7M | 79.6M | 83.9M | 102.5M | 107.7M | |
| Total Current Assets | 65.2M | 77.5M | 125.4M | 143.7M | 170.1M | 178.6M | |
| Short Term Debt | 100.7K | 1.6M | 157K | 107K | 54K | 51.3K | |
| Accounts Payable | 8.9M | 15.2M | 44.6M | 36.8M | 41.5M | 43.6M | |
| Other Liab | 1.8M | 461.0K | 159.0K | 341.4K | 392.6K | 710.8K | |
| Other Assets | 580.5K | 2.0M | 3.8M | 453K | 521.0K | 494.9K | |
| Common Stock | 8.3M | 8.3M | 8.3M | 8.9M | 8.9M | 8.8M | |
| Net Tangible Assets | 66.9M | 65.3M | 79.7M | 115.4M | 132.7M | 77.4M | |
| Capital Surpluse | 29.6M | 30.0M | 30.4M | 35.0M | 40.3M | 32.8M | |
| Long Term Debt Total | 368.3K | 172.0K | 160.9K | 33.2M | 38.1M | 40.1M |
Friedman Industries Key Income Statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 4.8K | 528.0K | 255.3K | 2.2M | 3.1M | 3.2M | |
| Total Revenue | 142.1M | 126.1M | 285.2M | 547.5M | 516.3M | 542.1M | |
| Gross Profit | 2.6M | 23.6M | 41.0M | 43.1M | 72.4M | 76.0M | |
| Operating Income | 140.6M | 125.1M | 17.3M | 21.1M | 24.9M | 14.0M | |
| Ebit | 141.9M | 15.2M | 17.3M | 22.3M | 26.4M | 16.0M | |
| Ebitda | 142.1M | 16.3M | 18.6M | 24.8M | 29.5M | 17.1M | |
| Cost Of Revenue | 139.5M | 102.5M | 244.2M | 504.5M | 443.8M | 466.0M | |
| Income Before Tax | (6.8M) | 15.2M | 18.3M | 28.2M | 23.3M | 24.5M | |
| Net Income | (5.2M) | 11.4M | 14.1M | 21.3M | 17.3M | 18.2M | |
| Income Tax Expense | (1.6M) | 3.8M | 4.3M | 6.8M | 6.0M | 6.3M | |
| Tax Provision | (1.6M) | 3.8M | 4.3M | 6.8M | 6.0M | 6.3M | |
| Interest Income | 19.3K | 503.4K | 11.6M | 7.1M | 8.2M | 8.6M | |
| Net Interest Income | 14.5K | (528.0K) | (255.3K) | (2.2M) | (3.1M) | (2.9M) |
Friedman Industries Key Cash Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 12.4M | (621.9K) | (31.9M) | 59.2M | (29.6M) | (28.1M) | |
| Change In Cash | 5.4M | 3.1M | (4.1M) | (10.7M) | 511K | 536.6K | |
| Free Cash Flow | 6.3M | 3.8M | (21.5M) | 47.4M | (813K) | (772.4K) | |
| Depreciation | 1.5M | 1.0M | 1.3M | 2.5M | 3.1M | 3.2M | |
| Other Non Cash Items | 5.3M | (6.6M) | 863.4K | 5.2M | 404K | 312.0K | |
| Dividends Paid | 839.9K | 564.2K | 551.2K | 589K | (581K) | (552.0K) | |
| Capital Expenditures | 4.9M | 4.6M | 8.1M | 16.5M | 5.8M | 6.1M | |
| Net Income | (5.2M) | 11.4M | 14.1M | 21.3M | 17.3M | 18.2M | |
| End Period Cash Flow | 17.1M | 20.2M | 16.1M | 5.4M | 5.9M | 6.7M | |
| Change To Netincome | 4.5M | (4.7M) | 750.7K | 8.9M | 10.2M | 10.7M | |
| Change Receivables | 4.3M | 1.5M | (8.7M) | (13.7M) | (12.3M) | (11.7M) | |
| Investments | (5.0M) | (4.6M) | (7.9M) | (88.2M) | (5.8M) | (6.1M) |
Friedman Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Friedman Industries's current stock value. Our valuation model uses many indicators to compare Friedman Industries value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Friedman Industries competition to find correlations between indicators driving Friedman Industries's intrinsic value. More Info.Friedman Industries is rated # 3 in return on equity category among its peers. It is rated # 4 in return on asset category among its peers reporting about 0.52 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Friedman Industries is roughly 1.94 . At present, Friedman Industries' Return On Equity is projected to increase slightly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Friedman Industries by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Friedman Industries Systematic Risk
Friedman Industries' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Friedman Industries volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourty-two with a total number of output elements of nineteen. The Beta measures systematic risk based on how returns on Friedman Industries correlated with the market. If Beta is less than 0 Friedman Industries generally moves in the opposite direction as compared to the market. If Friedman Industries Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Friedman Industries is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Friedman Industries is generally in the same direction as the market. If Beta > 1 Friedman Industries moves generally in the same direction as, but more than the movement of the benchmark.
Friedman Industries Thematic Clasifications
Friedman Industries is part of Steel Works Etc investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Steel Works Etc industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Steel Works Etc industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
| Steel Works Etc | View |
Today, most investors in Friedman Industries Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Friedman Industries' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Friedman Industries growth as a starting point in their analysis.
Price Earnings To Growth Ratio |
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Friedman Industries December 12, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Friedman Industries help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Friedman Industries. We use our internally-developed statistical techniques to arrive at the intrinsic value of Friedman Industries based on widely used predictive technical indicators. In general, we focus on analyzing Friedman Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Friedman Industries's daily price indicators and compare them against related drivers.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.0375 | |||
| Maximum Drawdown | 15.66 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 5.93 |
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When running Friedman Industries' price analysis, check to measure Friedman Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Friedman Industries is operating at the current time. Most of Friedman Industries' value examination focuses on studying past and present price action to predict the probability of Friedman Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Friedman Industries' price. Additionally, you may evaluate how the addition of Friedman Industries to your portfolios can decrease your overall portfolio volatility.
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