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P. H. Glatfelter

DB:GLN
Snowflake Description

Reasonable growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GLN
DB
$649M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells engineered materials worldwide. The last earnings update was 75 days ago. More info.


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GLN Share Price and Events
7 Day Returns
-0.8%
DB:GLN
6.5%
Europe Forestry
2.8%
DE Market
1 Year Returns
-18.7%
DB:GLN
-11.9%
Europe Forestry
3%
DE Market
GLN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
P. H. Glatfelter (GLN) -0.8% -10.9% -11.8% -18.7% - -
Europe Forestry 6.5% 1.9% 8.8% -11.9% 1% 49.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • GLN underperformed the Forestry industry which returned -11.9% over the past year.
  • GLN underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
GLN
Industry
5yr Volatility vs Market

GLN Value

 Is P. H. Glatfelter 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 P. H. Glatfelter 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 P. H. Glatfelter.

DB:GLN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:GLN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.367 (1 + (1- 21%) (61.28%))
1.69
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.69
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.69 * 5.96%)
10.3%

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

The calculations below outline how an intrinsic value for P. H. Glatfelter 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:GLN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.3%)
2020 69.00 Analyst x2 62.56
2021 92.00 Analyst x1 75.62
2022 67.38 Est @ -26.76% 50.21
2023 54.80 Est @ -18.67% 37.03
2024 47.68 Est @ -13% 29.21
2025 43.37 Est @ -9.03% 24.09
2026 40.66 Est @ -6.25% 20.47
2027 38.91 Est @ -4.31% 17.76
2028 37.76 Est @ -2.95% 15.63
2029 37.01 Est @ -1.99% 13.89
Present value of next 10 years cash flows $346.00
DB:GLN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $37.01 × (1 + 0.23%) ÷ (10.3% – 0.23%)
$368.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $368.33 ÷ (1 + 10.3%)10
$138.21
DB:GLN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $346.00 + $138.21
$484.21
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $484.21 / 44.17
$10.96
DB:GLN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GLN represents 0.86454x of NYSE:GLT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86454x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 10.96 x 0.86454
€9.48
Value per share (EUR) From above. €9.48
Current discount Discount to share price of €12.70
= -1 x (€12.70 - €9.48) / €9.48
-34%

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

  • The current share price of P. H. Glatfelter is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 P. H. Glatfelter's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are P. H. Glatfelter's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GLN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.16
NYSE:GLT Share Price ** NYSE (2019-10-11) in USD $14.69
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 10.37x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of P. H. Glatfelter.

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

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

= 14.69 ÷ 0.16

93.5x

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

  • P. H. Glatfelter is overvalued based on earnings compared to the Europe Forestry industry average.
  • P. H. Glatfelter is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does P. H. Glatfelter's expected growth come at a high price?
Raw Data
DB:GLN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 93.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
84%per year
Europe Forestry Industry PEG Ratio Median Figure of 19 Publicly-Listed Forestry Companies 0.3x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 93.5x ÷ 84%

1.11x

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

  • P. H. Glatfelter is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on P. H. Glatfelter's assets?
Raw Data
DB:GLN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $12.30
NYSE:GLT Share Price * NYSE (2019-10-11) in USD $14.69
Europe Forestry Industry PB Ratio Median Figure of 39 Publicly-Listed Forestry Companies 1.17x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:GLN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 14.69 ÷ 12.30

1.19x

* Primary Listing of P. H. Glatfelter.

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

  • P. H. Glatfelter is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess P. H. Glatfelter'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. P. H. Glatfelter has a total score of 0/6, 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.

GLN Future Performance

 How is P. H. Glatfelter expected to perform in the next 1 to 3 years based on estimates from 3 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
84%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is P. H. Glatfelter expected to grow at an attractive rate?
  • P. H. Glatfelter's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • P. H. Glatfelter's earnings growth is expected to exceed the Germany market average.
  • P. H. Glatfelter's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GLN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GLN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 84%
DB:GLN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 8.5%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:GLN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GLN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,096 1
2020-12-31 1,087 92 47 3
2019-12-31 969 75 30 3
2019-10-13
DB:GLN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 904 320 7
2019-03-31 884 305 2
2018-12-31 866 341 0
2018-09-30 846 53 -12
2018-06-30 846 19 -6
2018-03-31 620 52 -15
2017-12-31 800 58 -6
2017-09-30 984 65 -7
2017-06-30 1,181 108 7
2017-03-31 1,600 112 17
2016-12-31 761 21 -14
2016-09-30 1,633 123 72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • P. H. Glatfelter's earnings are expected to grow significantly at over 20% yearly.
  • P. H. Glatfelter's revenue is expected to grow by 8.5% 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:GLN 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 3 Analyst Estimates (S&P Global) See Below

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

DB:GLN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 1.05 1.05 1.04 2.00
2019-12-31 0.67 0.72 0.61 2.00
2019-10-13
DB:GLN Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.16
2019-03-31 0.04
2018-12-31 -0.01
2018-09-30 -0.27
2018-06-30 -0.14
2018-03-31 -0.34
2017-12-31 -0.13
2017-09-30 -0.16
2017-06-30 0.17
2017-03-31 0.39
2016-12-31 -0.33
2016-09-30 1.65

*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.
  • P. H. Glatfelter is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess P. H. Glatfelter'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
P. H. Glatfelter has a total score of 4/6, 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.

GLN Past Performance

  How has P. H. Glatfelter 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 P. H. Glatfelter's growth in the last year to its industry (Forestry).
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.
  • P. H. Glatfelter's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • P. H. Glatfelter has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • P. H. Glatfelter has become profitable in the last year making it difficult to compare the Europe Forestry industry average.
Earnings and Revenue History
P. H. Glatfelter'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 P. H. Glatfelter Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GLN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 903.52 6.90 88.11
2019-03-31 884.21 1.89 91.37
2018-12-31 866.29 -0.45 98.09
2018-09-30 846.13 -11.86 109.02
2018-06-30 846.40 -6.11 110.13
2018-03-31 619.73 -14.95 101.01
2017-12-31 800.36 -5.61 103.91
2017-09-30 984.03 -7.09 128.02
2017-06-30 1,180.56 7.46 136.92
2017-03-31 1,599.90 16.99 155.00
2016-12-31 761.22 -14.18 114.97
2016-09-30 1,632.53 72.03 139.54
2016-06-30 1,646.99 65.94 143.58
2016-03-31 1,650.10 66.82 135.53
2015-12-31 1,666.75 64.58 116.51
2015-09-30 1,689.44 49.83 129.69
2015-06-30 1,734.28 66.70 124.52
2015-03-31 1,768.90 68.52 127.69
2014-12-31 1,810.34 69.25 129.97
2014-09-30 1,808.31 66.17 128.66
2014-06-30 1,800.20 69.91 128.52
2014-03-31 1,780.46 66.18 130.73
2013-12-31 1,725.77 67.16 130.67
2013-09-30 1,683.56 57.65 134.63
2013-06-30 1,631.93 43.63 129.53
2013-03-31 1,591.87 56.13 125.11
2012-12-31 1,584.79 59.38 121.59

*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.
  • P. H. Glatfelter has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • P. H. Glatfelter used its assets less efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • P. H. Glatfelter's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess P. H. Glatfelter'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 Forestry 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.
P. H. Glatfelter has a total score of 0/6, 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.

GLN Health

 How is P. H. Glatfelter'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 P. H. Glatfelter's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • P. H. Glatfelter is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • P. H. Glatfelter's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of P. H. Glatfelter'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.
  • Debt is covered by short term assets, assets are 1.1x debt.
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 P. H. Glatfelter Company Filings, last reported 3 months ago.

DB:GLN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 543.12 385.03 58.95
2019-03-31 536.19 390.43 76.67
2018-12-31 538.90 411.75 142.69
2018-09-30 606.95 646.31 234.07
2018-06-30 686.95 521.16 107.19
2018-03-31 723.99 505.74 117.28
2017-12-31 708.93 481.40 116.22
2017-09-30 710.60 470.15 84.29
2017-06-30 685.03 441.89 69.44
2017-03-31 668.79 409.89 57.23
2016-12-31 653.83 372.61 55.44
2016-09-30 691.69 378.98 50.75
2016-06-30 676.22 367.46 58.53
2016-03-31 690.17 364.10 70.26
2015-12-31 663.25 360.66 105.30
2015-09-30 646.12 389.12 73.67
2015-06-30 638.93 390.71 65.76
2015-03-31 622.87 386.64 71.57
2014-12-31 649.11 404.61 99.84
2014-09-30 688.18 410.17 53.66
2014-06-30 692.58 415.44 28.02
2014-03-31 696.85 424.83 74.79
2013-12-31 684.48 442.33 122.88
2013-09-30 597.76 438.58 63.64
2013-06-30 548.26 432.55 44.76
2013-03-31 544.62 250.00 76.44
2012-12-31 539.68 250.00 97.68
  • P. H. Glatfelter's level of debt (70.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (60% vs 70.9% today).
  • Debt is well covered by operating cash flow (83.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess P. H. Glatfelter'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. P. H. Glatfelter 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.

GLN Dividends

 What is P. H. Glatfelter'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
3.54%
Current annual income from P. H. Glatfelter dividends. Estimated to be 3.54% next year.
If you bought €2,000 of P. H. Glatfelter shares you are expected to receive €71 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?
  • P. H. Glatfelter's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • P. H. Glatfelter's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:GLN 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 3 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:GLN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.52 1.00
2020-12-31 0.52 1.00
2019-12-31 0.52 1.00
2019-10-13
DB:GLN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-09-20 0.520 3.533
2019-05-10 0.520 3.369
2019-02-21 0.520 3.648
2018-12-21 0.520 4.353
2018-09-19 0.520 3.476
2018-05-03 0.520 2.848
2018-02-23 0.520 2.488
2017-12-14 0.520 2.400
2017-09-27 0.520 2.635
2017-05-04 0.520 2.815
2017-02-23 0.520 2.444
2016-12-15 0.500 2.083
2016-09-20 0.500 2.299
2016-05-05 0.500 2.407
2016-02-25 0.500 2.479
2015-12-10 0.480 2.866
2015-09-22 0.480 2.695
2015-05-07 0.480 2.333
2015-02-26 0.480 1.865
2014-12-11 0.440 1.801
2014-09-23 0.440 1.805
2014-05-01 0.440 1.737
2014-02-26 0.440 1.609
2013-12-12 0.400 1.388
2013-09-17 0.400 1.480
2013-05-09 0.400 1.533
2013-03-05 0.400 1.788
2012-12-12 0.360 2.009
2012-09-18 0.360 2.095
2012-06-14 0.360 2.186
2012-03-06 0.360 2.326
2011-12-14 0.360 2.406
2011-09-20 0.360 2.542
2011-06-16 0.360 2.518
2011-03-03 0.360 2.675
2010-12-15 0.360 2.969
2010-09-22 0.360 2.887
2010-06-23 0.360 3.193
2010-03-05 0.360 2.713
2009-12-17 0.360 2.697
2009-09-16 0.360 3.164
2009-06-24 0.360 3.616
2009-03-04 0.360 4.721
2008-12-17 0.360 4.490

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of P. H. Glatfelter's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess P. H. Glatfelter's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 P. H. Glatfelter afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. P. H. Glatfelter has a total score of 4/6, see the detailed checks below.


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

GLN Management

 What is the CEO of P. H. Glatfelter'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
Dante Parrini
COMPENSATION $2,789,907
AGE 54
TENURE AS CEO 8.8 years
CEO Bio

Mr. Dante C. Parrini has been the Chief Executive Officer of PH Glatfelter Co. since January 2011. Mr. Parrini has been President at PH Glatfelter Co. since January 2011 and served as its President since February 2005. Mr. Parrini served as the Chief Operating Officer and Executive Vice President of Glatfelter Pulp Wood Company. Mr. Parrini served as the Chief Operating Officer and Executive Vice President of PH Glatfelter Co. since February 2005 until 2010. He served as a Senior Vice President and General Manager of P. H. Glatfelter Company since January 2003 until March 2005. From December 2000 to January 2003, he served as a Vice President of Sales & Marketing of P. H. Glatfelter Company, From July 2000 to December 2000, he served as Vice President of Sales & Marketing, Glatfelter Division and Corporate Strategic Marketing. From June 1999 to July 2000, he served as Vice President of Sales and Marketing, Glatfelter Division of P. H. Glatfelter Company, From August 1998 to June 1999, he served as National Sales and Marketing Manager, Glatfelter Division. From December 1997 to August 1998, he served as National Sales Manager, Glatfelter Division. He has been the Chairman of PH Glatfelter Co. since May 04, 2011 and its Director since June 3, 2010. He has been a Director of American Forest & Paper Association Inc. since February 2011. He has been an Independent Director at H.B. Fuller Company since September 25, 2012. He serves as a Director of the Pennsylvania Chamber of Business and Industry and of Junior Achievement of Southcentral Pennsylvania. In October 2009, he received Gannon University's Distinguished Alumnus Award for the School of Business & Engineering. Mr. Parrini earned a B.S. degree in Marketing from Gannon University and an Executive M.B.A. degree from the University of New Hampshire and is a graduate of Harvard Business School's Advanced Management Program.

CEO Compensation
  • Dante's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dante's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the P. H. Glatfelter management team in years:

4.7
Average Tenure
50
Average Age
  • The tenure for the P. H. Glatfelter management team is about average.
Management Team

Dante Parrini

TITLE
Chairman
COMPENSATION
$3M
AGE
54
TENURE
8.8 yrs

Sam Hillard

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
37
TENURE
0.6 yrs

Chris Astley

TITLE
Senior VP & Chief Commercial Officer
COMPENSATION
$837K
AGE
46
TENURE
5.7 yrs

Philippe Sevoz

TITLE
Vice President of Global Operations

David Elder

TITLE
Chief Accounting Officer & VP of Finance
AGE
50
TENURE
13.3 yrs

Joseph Zakutney

TITLE
VP of Global Business Services & Chief Information Officer
AGE
56
TENURE
4.1 yrs

Eileen Beck

TITLE
Vice President of Global Human Resources & Administration
AGE
56
TENURE
2.6 yrs

Jill Urey

TITLE
VP, Deputy General Counsel & Corporate Secretary

Wolfgang Laures

TITLE
Senior Vice President of Global Supply Chain
AGE
50
TENURE
0.1 yrs

Ramesh Shettigar

TITLE
VP & Treasurer
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the P. H. Glatfelter board of directors in years:

17.8
Average Tenure
66
Average Age
  • The average tenure for the P. H. Glatfelter board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Dante Parrini

TITLE
Chairman
COMPENSATION
$3M
AGE
54
TENURE
8.4 yrs

Nick DeBenedictis

TITLE
Independent Director
COMPENSATION
$194K
AGE
74
TENURE
24.8 yrs

Ronald Naples

TITLE
Independent Director
COMPENSATION
$193K
AGE
73
TENURE
19.8 yrs

J. Hall

TITLE
Independent Director
COMPENSATION
$203K
AGE
66
TENURE
17.8 yrs

Lee Stewart

TITLE
Independent Director
COMPENSATION
$206K
AGE
70
TENURE
17.8 yrs

Kevin Fogarty

TITLE
Independent Lead Director
COMPENSATION
$208K
AGE
53

Kathleen Dahlberg

TITLE
Independent Director
COMPENSATION
$194K
AGE
66
TENURE
18.8 yrs

Bruce Brown

TITLE
Independent Director
COMPENSATION
$193K
AGE
61
TENURE
5.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Jun 19 Buy Nicholas DeBenedictis Individual 30. May 19 30. May 19 1,500 €13.29 €19,938
24. May 19 Buy Nicholas DeBenedictis Individual 22. May 19 24. May 19 6,000 €13.61 €80,298
21. May 19 Buy Nicholas DeBenedictis Individual 20. May 19 20. May 19 2,500 €13.26 €33,141
03. May 19 Sell Christopher Astley Individual 02. May 19 02. May 19 -7,000 €13.51 €-94,583
X
Management checks
We assess P. H. Glatfelter'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. P. H. Glatfelter 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.

GLN News

Simply Wall St News

GLN Company Info

Description

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells engineered materials worldwide. The company’s Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; wall covering base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminates, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other engineered fiber-based applications. Its Advanced Airlaid Materials business unit supplies absorbent cellulose-based airlaid nonwoven materials that are used to manufacture consumer products, such as feminine hygiene, specialty wipe, table top, adult incontinence, home care, and other consumer products. P. H. Glatfelter Company markets its products directly, as well as through brokers and agents. The company was founded in 1864 and is headquartered in York, Pennsylvania.

Details
Name: P. H. Glatfelter Company
GLN
Exchange: DB
Founded: 1864
$587,231,158
44,171,151
Website: http://www.glatfelter.com
Address: P. H. Glatfelter Company
96 South George Street,
Suite 520,
York,
Pennsylvania, 17401,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GLT Common Stock New York Stock Exchange US USD 02. Aug 1973
DB GLN Common Stock Deutsche Boerse AG DE EUR 02. Aug 1973
Number of employees
Current staff
Staff numbers
2,600
P. H. Glatfelter employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:54
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/08/12
Last earnings filing: 2019/07/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.