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GrafTech International

DB:G6G
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
G6G
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • GrafTech International has significant price volatility in the past 3 months.
G6G Share Price and Events
7 Day Returns
7.5%
DB:G6G
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-40.4%
DB:G6G
-8.2%
DE Electrical
-17.5%
DE Market
G6G Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GrafTech International (G6G) 7.5% -1.4% -30.6% -40.4% - -
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • G6G underperformed the Electrical industry which returned -8.2% over the past year.
  • G6G underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is GrafTech International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of GrafTech International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GrafTech International.

DB:G6G Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:G6G
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 21%) (83.39%))
1.573
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.573 * 5.44%)
8.17%

Discounted Cash Flow Calculation for DB:G6G using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GrafTech International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:G6G DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.17%)
2020 609.75 Analyst x4 563.71
2021 738.25 Analyst x4 630.98
2022 661.00 Analyst x1 522.30
2023 653.96 Est @ -1.07% 477.72
2024 648.31 Est @ -0.86% 437.84
2025 643.64 Est @ -0.72% 401.86
2026 639.64 Est @ -0.62% 369.21
2027 636.11 Est @ -0.55% 339.45
2028 632.90 Est @ -0.5% 312.24
2029 629.93 Est @ -0.47% 287.31
Present value of next 10 years cash flows $4,342.00
DB:G6G DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $629.93 × (1 + -0.39%) ÷ (8.17% – -0.39%)
$7,333.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,333.01 ÷ (1 + 8.17%)10
$3,344.58
DB:G6G Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $4,342.00 + $3,344.58
$7,686.58
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,686.58 / 268.93
$28.58
DB:G6G Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:G6G represents 0.88055x of NYSE:EAF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88055x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 28.58 x 0.88055
€25.17
Value per share (EUR) From above. €25.17
Current discount Discount to share price of €7.15
= -1 x (€7.15 - €25.17) / €25.17
71.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price GrafTech International is available for.
Intrinsic value
>50%
Share price is €7.15 vs Future cash flow value of €25.17
Current Discount Checks
For GrafTech International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GrafTech International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • GrafTech International's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GrafTech International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GrafTech International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:G6G PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.58
NYSE:EAF Share Price ** NYSE (2020-03-31) in USD $8.12
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GrafTech International.

DB:G6G PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:EAF Share Price ÷ EPS (both in USD)

= 8.12 ÷ 2.58

3.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GrafTech International is good value based on earnings compared to the DE Electrical industry average.
  • GrafTech International is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does GrafTech International's expected growth come at a high price?
Raw Data
DB:G6G PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
3.2%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:G6G PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.15x ÷ 3.2%

0.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GrafTech International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on GrafTech International's assets?
Raw Data
DB:G6G PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $-2.55
NYSE:EAF Share Price * NYSE (2020-03-31) in USD $8.12
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:G6G PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:EAF Share Price ÷ Book Value per Share (both in USD)

= 8.12 ÷ -2.55

-3.18x

* Primary Listing of GrafTech International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GrafTech International has negative assets, we can't compare the value of its assets to the DE Electrical industry average.
X
Value checks
We assess GrafTech International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. GrafTech International has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is GrafTech International expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GrafTech International expected to grow at an attractive rate?
  • GrafTech International's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • GrafTech International's earnings growth is positive but not above the Germany market average.
  • GrafTech International's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:G6G Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:G6G Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 3.2%
DB:G6G Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.7%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:G6G Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:G6G Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,859 944 804 2
2021-12-31 1,745 843 710 4
2020-12-31 1,494 710 598 4
2020-03-31
DB:G6G Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,791 805 745
2019-09-30 1,909 809 800
2019-06-30 1,943 818 824
2019-03-31 1,919 853 829
2018-12-31 1,896 837 854
2018-09-30 1,556 615 681
2018-06-30 1,238 411 474
2018-03-31 898 175 259
2017-12-31 551 37 14
2017-09-30 474 28 -71
2017-06-30 448 15 -88
2017-03-31 447 15 -97

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GrafTech International's earnings are expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
  • GrafTech International's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:G6G Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from GrafTech International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:G6G Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.89 3.52 2.26 2.00
2021-12-31 2.57 2.96 2.35 3.00
2020-12-31 2.16 2.27 2.00 3.00
2020-03-31
DB:G6G Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.58
2019-09-30 2.75
2019-06-30 2.82
2019-03-31 2.81
2018-12-31 2.87
2018-09-30 2.26
2018-06-30 1.57
2018-03-31 0.86
2017-12-31 0.05
2017-09-30 -0.24
2017-06-30 -0.29
2017-03-31 -0.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • GrafTech International is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess GrafTech International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GrafTech International has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has GrafTech International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GrafTech International's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GrafTech International has delivered over 20% year on year earnings growth in the past 5 years.
  • GrafTech International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • GrafTech International's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
GrafTech International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GrafTech International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:G6G Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,790.79 744.60 67.77 2.68
2019-09-30 1,908.97 799.57 63.91 2.56
2019-06-30 1,943.06 823.88 62.44 2.47
2019-03-31 1,919.01 829.28 63.28 2.34
2018-12-31 1,895.91 853.89 63.93 2.13
2018-09-30 1,555.59 680.98 57.29 1.90
2018-06-30 1,237.95 473.63 56.59 2.71
2018-03-31 897.93 258.54 52.99 3.07
2017-12-31 550.77 14.21 52.51 3.46
2017-09-30 473.73 -71.46 48.15 3.52
2017-06-30 448.08 -88.41 46.83 2.72
2017-03-31 447.13 -97.34 47.61 2.57
2016-12-31 437.96 -108.87 56.44 2.53
2016-09-30 440.89 -103.36 53.73 2.83
2016-06-30 455.68 -77.80 54.91 3.23
2016-03-31 466.12 5.77 56.19 3.59
2015-12-31 533.04 -9.95 64.59 4.46
2015-09-30 674.55 -70.24 82.11 7.67
2015-06-30 808.63 -106.64 95.68 9.53
2015-03-31 967.01 -323.38 113.05 11.28
2014-12-31 825.15 -152.52 93.42 7.43
2014-09-30 1,133.94 -230.11 112.41 10.02
2014-06-30 1,176.56 -202.80 113.08 10.23
2014-03-31 1,193.74 -42.99 111.15 10.11
2013-12-31 1,166.67 -27.26 110.98 10.44
2013-09-30 1,229.17 29.60 125.81 12.75
2013-06-30 1,246.80 66.86 131.83 12.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if GrafTech International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • GrafTech International used its assets more efficiently than the DE Electrical industry average last year based on Return on Assets.
  • GrafTech International has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess GrafTech International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GrafTech International has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is GrafTech International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GrafTech International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GrafTech International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GrafTech International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GrafTech International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • GrafTech International has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GrafTech International Company Filings, last reported 3 months ago.

DB:G6G Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -691.07 1,812.90 81.19
2019-09-30 -606.89 2,036.68 382.20
2019-06-30 -709.84 2,034.81 205.26
2019-03-31 -881.62 2,033.21 42.29
2018-12-31 -1,076.77 2,156.63 49.88
2018-09-30 -1,038.48 2,183.33 102.51
2018-06-30 -991.02 2,210.01 166.14
2018-03-31 -276.19 1,473.66 138.37
2017-12-31 613.22 339.37 13.37
2017-09-30 550.88 333.71 16.38
2017-06-30 547.25 375.96 11.93
2017-03-31 555.88 379.60 18.48
2016-12-31 577.39 365.43 11.61
2016-09-30 636.91 370.60 12.15
2016-06-30 657.46 380.46 13.41
2016-03-31 786.79 369.82 9.83
2015-12-31 810.53 367.23 6.93
2015-09-30 840.83 378.19 13.46
2015-06-30 909.48 548.55 14.51
2015-03-31 922.75 527.77 10.96
2014-12-31 1,004.53 529.72 17.55
2014-09-30 1,108.38 540.65 10.88
2014-06-30 1,164.38 551.68 20.73
2014-03-31 1,313.81 554.68 17.32
2013-12-31 1,320.75 552.21 11.89
2013-09-30 1,348.74 576.53 11.47
2013-06-30 1,347.06 603.09 10.99
  • GrafTech International has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if GrafTech International's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (44.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).
X
Financial health checks
We assess GrafTech International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GrafTech International has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is GrafTech International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.19%
Current annual income from GrafTech International dividends. Estimated to be 4.19% next year.
If you bought €2,000 of GrafTech International shares you are expected to receive €84 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • GrafTech International's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • GrafTech International's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:G6G Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:G6G Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.34 2.00
2021-12-31 0.34 5.00
2020-12-31 0.34 5.00
2020-03-31
DB:G6G Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-05 0.340 4.065
2019-11-06 0.340 2.776
2019-07-30 0.340 2.816
2019-04-29 0.340 3.073
2019-02-22 0.340 2.569
2019-02-08 0.340 2.428
2018-11-02 0.340 2.543
2018-08-03 0.340 1.870
2018-05-07 0.340 1.801

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, GrafTech International has been paying a dividend for less than 10 years.
  • GrafTech International has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of GrafTech International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (8.5x coverage).
X
Income/ dividend checks
We assess GrafTech International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GrafTech International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GrafTech International has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of GrafTech International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Rintoul
COMPENSATION $4,561,677
AGE 61
TENURE AS CEO 2 years
CEO Bio

Mr. David J. Rintoul, also known as Dave, has been the President, Chief Executive Officer and Director of GrafTech International Ltd. since March 1, 2018. Mr. Rintoul served as Senior Vice President of Tubular Business at United States Steel Corp. from May 01, 2014 to 2018. He served as President of Tubular Products of United States Steel Corp. until 2018. Mr. Rintoul served as Vice President of Innovation and Continuous Improvement at United States Steel Corp. since 2013 until April 2, 2014. Mr. Rintoul served as Vice President of European Operations at Zelezara Smederevo d.o.o. He served as Vice President of European Operations at United States Steel Corp., since January 1, 2011. Mr. Rintoul served as the President of U. S. Steel Kosice S.R.O. at United States Steel Corp., since January 1, 2011. He had a broad range of steelmaking expertise and experience gained during 38 years working in the steel industry. Mr. Rintoul served as President of U.S. Steel Canada Inc. since March 1, 2009 until January 1, 2011. Mr. Rintoul has served in various roles at U.S. Steel since 2007, including oversight of U.S. Steel's Slovak and Serbian operations. He served as General Manager of Great Lakes Works at United States Steel Corp. from March 1, 2008 to January 1, 2011. He served as General Manager of Granite City (III) Works of U.S. Steel Canada since joining it on July 16, 2007 until March 2008. Mr. Rintoul managed day-to-day operations of Granite City Works, U. S. Steel's integrated steelmaking operation near St. Louis. He started his steel making career in 1979 in plate and strip rolling and finishing operations at Algoma Steel Corporation in Sault Ste. Marie, Ontario, where he rose through increasingly responsible assignments to the position of superintendent. In 1993, he joined Rouge Steel Corporation in Dearborn, Mich., as Superintendent-Cold Mill. Mr. Rintoul moved to Acme Steel Company in Riverdale, Ill., in 1995 as Manager, Hot Strip Mill at its Compact Strip Plant. He served as General Manager of Compact Strip Plant since 1997 and General Manager of Steel Manufacturing since 1999 until 2001. Mr. Rintoul's career in the steel industry spans 38 years with positions at both integrated and mini mill producers in the United States, Europe and Canada, including extensive mini-mill operational experience at North Star Bluescope Steel in Delta, Ohio from 2001 to 2005 and from construction through full operations at Acme Steel Company in Riverdale, Illinois from 1995 to 2001. Since 2001, he served as Vice President of Operations at North Star BlueScope Steel. Since 2005, he served as Vice President, Operations of BlueScope's Butler Manufacturing Company in Kansas City, Mo. Mr. Rintoul earned an Associate's Degree in Mechanical Engineering Technology from Sault College of Applied Arts and Technology in Sault Ste. Marie, Ontario, in 1979. Mr. Rintoul graduated with a Bachelor Degree in Business Administration from Lake Superior State University in Sault Ste. Marie, Mich., in 1983 and received a Master Degree in Business Administration from the University of Notre Dame (Ind.) in 2006.

CEO Compensation
  • Insufficient data for Dave to compare compensation growth.
  • Dave's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the GrafTech International management team in years:

2
Average Tenure
57
Average Age
  • The tenure for the GrafTech International management team is about average.
Management Team

Dave Rintoul

TITLE
President
COMPENSATION
$5M
AGE
61
TENURE
2 yrs

Quinn Coburn

TITLE
VP, CFO & Treasurer
COMPENSATION
$759K
AGE
55
TENURE
4.8 yrs

Denis Turcotte

TITLE
Executive Chairman
COMPENSATION
$56K
AGE
57

Jeremy Halford

TITLE
Senior Vice President of Operations & Development
TENURE
0.8 yrs

Inigo Perez Ortiz

TITLE
Senior Vice President of Commercial
Board of Directors Tenure

Average tenure and age of the GrafTech International board of directors in years:

1.8
Average Tenure
59
Average Age
  • The average tenure for the GrafTech International board of directors is less than 3 years, this suggests a new board.
Board of Directors

Denis Turcotte

TITLE
Executive Chairman
COMPENSATION
$56K
AGE
57
TENURE
2 yrs

Michel Dumas

TITLE
Independent Director
COMPENSATION
$140K
AGE
60
TENURE
1.8 yrs

Dave Rintoul

TITLE
President
COMPENSATION
$5M
AGE
61
TENURE
2 yrs

Jeff Dutton

TITLE
Director
COMPENSATION
$671K
AGE
56
TENURE
3.2 yrs

Brian Acton

TITLE
Independent Director
COMPENSATION
$125K
AGE
67
TENURE
1.8 yrs

Anthony Taccone

TITLE
Independent Director
COMPENSATION
$125K
AGE
58
TENURE
1.8 yrs

Cathy Clegg

TITLE
Independent Director
TENURE
1 yrs

David Gregory

TITLE
Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by GrafTech International individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
11. Mar 20 Buy Anthony Taccone Individual 10. Mar 20 10. Mar 20 5,000 €6.66 €33,255
09. Dec 19 Sell Brookfield Asset Management Inc. Company 05. Dec 19 05. Dec 19 -30,223,546 €11.82 €-357,253,648
X
Management checks
We assess GrafTech International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GrafTech International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes, which requires for the production of electric arc furnace steel, ferrous, and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes. The company sells its products primarily through direct sales force, independent sales representatives, and distributors. The company was founded in 1886 and is headquartered in Brooklyn Heights, Ohio. GrafTech International Ltd. is a subsidiary of Brookfield Asset Management Inc.

Details
Name: GrafTech International Ltd.
G6G
Exchange: DB
Founded: 1886
$1,987,184,849
268,930,987
Website: http://www.graftech.com
Address: GrafTech International Ltd.
982 Keynote Circle,
Brooklyn Heights,
Ohio, 44131,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EAF Common Stock New York Stock Exchange US USD 19. Apr 2018
DB G6G Common Stock Deutsche Boerse AG DE EUR 19. Apr 2018
Number of employees
Current staff
Staff numbers
1,346
GrafTech International employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 23:58
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.