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Synalloy

Nasdaq:SYNL
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SYNL
Nasdaq
$79M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Synalloy Corporation manufactures and sells metals and specialty chemicals in the United States and internationally. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
  • Synalloy has significant price volatility in the past 3 months.
SYNL Share Price and Events
7 Day Returns
-8.9%
NasdaqGM:SYNL
1%
US Metals and Mining
7.2%
US Market
1 Year Returns
-43.9%
NasdaqGM:SYNL
-28.5%
US Metals and Mining
-10.4%
US Market
SYNL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Synalloy (SYNL) -8.9% -30.8% -32% -43.9% -29.7% -41.4%
US Metals and Mining 1% -17.6% -32.2% -28.5% -28.8% -11.5%
US Market 7.2% -12.6% -19.4% -10.4% 8.3% 21%
1 Year Return vs Industry and Market
  • SYNL underperformed the Metals and Mining industry which returned -28.5% over the past year.
  • SYNL underperformed the Market in United States of America which returned -10.4% over the past year.
Price Volatility
SYNL
Industry
5yr Volatility vs Market

SYNL Value

 Is Synalloy 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 Synalloy 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 Synalloy.

NasdaqGM:SYNL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqGM:SYNL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.829 (1 + (1- 21%) (144.33%))
1.519
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.52
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.519 * 5.44%)
10.01%

Discounted Cash Flow Calculation for NasdaqGM:SYNL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Synalloy 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.

NasdaqGM:SYNL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.01%)
2020 32.93 Est @ 49.78% 29.93
2021 44.57 Est @ 35.37% 36.83
2022 55.84 Est @ 25.28% 41.95
2023 66.02 Est @ 18.22% 45.08
2024 74.78 Est @ 13.27% 46.42
2025 82.12 Est @ 9.81% 46.34
2026 88.19 Est @ 7.39% 45.24
2027 93.21 Est @ 5.7% 43.47
2028 97.42 Est @ 4.51% 41.29
2029 101.00 Est @ 3.68% 38.92
Present value of next 10 years cash flows $415.00
NasdaqGM:SYNL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $101.00 × (1 + 1.74%) ÷ (10.01% – 1.74%)
$1,243.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,243.16 ÷ (1 + 10.01%)10
$479.03
NasdaqGM:SYNL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $415.00 + $479.03
$894.03
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $894.03 / 9.06
$98.7
NasdaqGM:SYNL Discount to Share Price
Calculation Result
Value per share (USD) From above. $98.70
Current discount Discount to share price of $8.65
= -1 x ($8.65 - $98.70) / $98.70
91.2%

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

Current Discount
Amount off the current price Synalloy is available for.
Intrinsic value
>50%
Share price is $8.65 vs Future cash flow value of $98.7
Current Discount Checks
For Synalloy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Synalloy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Synalloy'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 Synalloy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Synalloy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:SYNL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.34
NasdaqGM:SYNL Share Price ** NasdaqGM (2020-03-31) in USD $8.65
United States of America Metals and Mining Industry PE Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 8.43x
United States of America Market PE Ratio Median Figure of 2,938 Publicly-Listed Companies 13.11x

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

** Primary Listing of Synalloy.

NasdaqGM:SYNL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:SYNL Share Price ÷ EPS (both in USD)

= 8.65 ÷ -0.34

-25.59x

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

  • Synalloy is loss making, we can't compare its value to the US Metals and Mining industry average.
  • Synalloy is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Synalloy's expected growth come at a high price?
Raw Data
NasdaqGM:SYNL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -25.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Metals and Mining Industry PEG Ratio Median Figure of 22 Publicly-Listed Metals and Mining Companies -0.13x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 1.01x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Synalloy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Synalloy's assets?
Raw Data
NasdaqGM:SYNL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.78
NasdaqGM:SYNL Share Price * NasdaqGM (2020-03-31) in USD $8.65
United States of America Metals and Mining Industry PB Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 1.06x
United States of America Market PB Ratio Median Figure of 5,134 Publicly-Listed Companies 1.27x
NasdaqGM:SYNL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:SYNL Share Price ÷ Book Value per Share (both in USD)

= 8.65 ÷ 11.78

0.73x

* Primary Listing of Synalloy.

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

  • Synalloy is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Synalloy'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Synalloy has a total score of 3/6, 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.

SYNL Future Performance

 How is Synalloy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Synalloy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
8.6%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Synalloy expected to grow at an attractive rate?
  • Unable to compare Synalloy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Synalloy's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Synalloy's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:SYNL Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 8.6%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
NasdaqGM:SYNL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:SYNL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 305 29 -3
2019-09-30 310 11 -2
2019-06-30 314 5 4
2019-03-31 307 -10 8
2018-12-31 281 -21 13
2018-09-30 261 -10 14
2018-06-30 238 -5 7
2018-03-31 217 4 4
2017-12-31 201 2 1
2017-09-30 181 1 -1
2017-06-30 161 -6 -3
2017-03-31 144 -3 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Synalloy is high growth as no earnings estimate data is available.
  • Unable to determine if Synalloy is high growth as no revenue estimate data is available.
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
NasdaqGM:SYNL 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 0 Analyst Estimates (S&P Global) See Below

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

NasdaqGM:SYNL Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.34
2019-09-30 -0.18
2019-06-30 0.49
2019-03-31 0.94
2018-12-31 1.49
2018-09-30 1.55
2018-06-30 0.84
2018-03-31 0.51
2017-12-31 0.15
2017-09-30 -0.13
2017-06-30 -0.29
2017-03-31 -0.56

*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.
  • Unable to establish if Synalloy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Synalloy is trading at Synalloy'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Synalloy's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Synalloy's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Synalloy'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Synalloy has a total score of 0/6, 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.

SYNL Past Performance

  How has Synalloy 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 Synalloy's growth in the last year to its industry (Metals and Mining).
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.
  • Synalloy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Synalloy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Synalloy's 1-year growth to the US Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Synalloy'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 Synalloy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:SYNL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 305.17 -3.04 32.63
2019-09-30 309.90 -1.59 32.73
2019-06-30 314.05 4.40 30.96
2019-03-31 307.16 8.34 31.03
2018-12-31 280.84 13.10 27.99
2018-09-30 261.00 13.56 26.38
2018-06-30 237.81 7.32 26.30
2018-03-31 217.42 4.44 24.84
2017-12-31 201.15 1.34 24.88
2017-09-30 181.36 -1.11 24.31
2017-06-30 161.06 -2.51 23.62
2017-03-31 144.46 -4.89 22.99
2016-12-31 138.57 -6.99 22.51
2016-09-30 141.08 -23.28 22.67
2016-06-30 144.87 -19.31 22.07
2016-03-31 160.12 -15.27 22.14
2015-12-31 175.46 -10.27 21.94
2015-10-03 188.46 8.86 20.79
2015-07-04 198.83 10.68 19.19
2015-04-04 201.36 14.01 17.88
2015-01-03 199.50 12.62 16.53
2014-09-27 197.34 10.11 16.29
2014-06-28 198.10 8.42 16.57
2014-03-29 193.06 3.91 15.96
2013-12-28 196.75 2.90 16.03
2013-09-28 203.49 4.96 15.73
2013-06-29 204.55 4.32 15.41

*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 Synalloy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Synalloy used its assets less efficiently than the US Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if Synalloy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Synalloy'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 Metals and Mining 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.
Synalloy 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.

SYNL Health

 How is Synalloy'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 Synalloy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Synalloy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Synalloy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Synalloy'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 1.9x 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 Synalloy Company Filings, last reported 3 months ago.

NasdaqGM:SYNL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 106.51 76.22 4.93
2019-09-30 107.03 83.11 2.83
2019-06-30 107.07 85.67 2.78
2019-03-31 106.80 91.48 3.51
2018-12-31 102.48 76.75 5.12
2018-09-30 101.76 62.78 6.86
2018-06-30 97.82 53.93 0.86
2018-03-31 93.73 34.27 0.66
2017-12-31 89.70 26.14 0.55
2017-09-30 89.69 26.72 0.02
2017-06-30 91.11 33.05 4.44
2017-03-31 89.45 29.97 0.32
2016-12-31 88.59 8.97 0.06
2016-09-30 89.86 8.44 0.26
2016-06-30 92.37 28.45 2.15
2016-03-31 93.63 30.95 0.26
2015-12-31 95.15 28.19 0.39
2015-10-03 117.32 32.29 0.21
2015-07-04 115.96 33.90 0.23
2015-04-04 113.24 44.88 0.20
2015-01-03 109.45 32.00 0.03
2014-09-27 109.95 21.54 20.75
2014-06-28 108.56 22.17 6.09
2014-03-29 107.96 22.81 6.83
2013-12-28 106.10 23.52 1.77
2013-09-28 77.06 48.53 0.04
2013-06-29 75.52 44.02 0.14
  • Synalloy's level of debt (71.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29% vs 71.6% today).
  • Debt is well covered by operating cash flow (37.6%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Synalloy's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Synalloy'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. Synalloy 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.

SYNL Dividends

 What is Synalloy'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
0%
Current annual income from Synalloy dividends.
If you bought $2,000 of Synalloy shares you are expected to receive $0 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?
  • Unable to evaluate Synalloy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Synalloy's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NasdaqGM:SYNL 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 0 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

NasdaqGM:SYNL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-06 0.000 0.000
2019-03-18 0.250 1.686
2019-03-05 0.250 1.658
2018-11-06 0.250 1.605
2017-10-05 0.130 0.787
2017-08-08 0.000 0.000
2017-05-09 0.000 0.000
2017-03-14 0.000 0.000
2015-11-18 0.300 3.566
2014-11-14 0.300 2.337
2013-11-08 0.260 1.649
2012-11-16 0.250 1.701
2012-08-09 0.250 1.865
2011-11-11 0.250 2.142
2010-11-12 0.250 2.116

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

  • Unable to perform a dividend volatility check as Synalloy has not reported any payouts.
  • Unable to verify if Synalloy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Synalloy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Synalloy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Synalloy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Synalloy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Synalloy has a total score of 0/6, see the detailed checks below.


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

SYNL Management

 What is the CEO of Synalloy'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
Craig Bram
COMPENSATION $1,366,312
AGE 60
TENURE AS CEO 9.3 years
CEO Bio

Mr. Craig C. Bram serves as a Managing Director of Mirrus Business Advisors and Avitas Capital, LLC. Mr. Bram has been the Chief Financial Officer for TrialNet, Inc., since 1996. He has been the Chief Executive Officer and President of Synalloy Corporation since January 24, 2011. He serves as the Chief Financial Officer of Acuity Management Solutions Ltd. He serves as the Chief Executive Officer of CRI Tolling, LLC. He founded Horizon Capital Management, Inc., in 1996 and serves as its President. He has been Managing Director of McCammon Group since 1995. He has almost 30 years experience in business management, financial operations, management consulting, business start-ups and strategic planning for a variety of business and government organizations. He is an investor in six private companies, serving on their Boards and playing an active role in their day-to-day operation. He served as the President of Bizport, Ltd. (Dave Jones & Associates Inc) since 2002 and served as its Chief Executive Officer from 2002 to 2010 and a document management company in Richmond, VA, from 2002 through 2010. Mr. Bram has been a Director of Synalloy Corporation since January 24, 2011 and TrialNet, Inc. since 1997. Mr. Bram served as a Director of Synalloy Corporation from 2004 to September 24, 2010.

CEO Compensation
  • Craig's compensation has increased whilst company is loss making.
  • Craig's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Synalloy management team in years:

4.9
Average Tenure
60
Average Age
  • The tenure for the Synalloy management team is about average.
Management Team

Craig Bram

TITLE
President
COMPENSATION
$1M
AGE
60
TENURE
9.3 yrs

Dennis Loughran

TITLE
Senior VP & CFO
COMPENSATION
$737K
AGE
61
TENURE
4.8 yrs

James Gibson

TITLE
President of Synalloy Chemicals
COMPENSATION
$544K
AGE
45
TENURE
5 yrs

Mike Padden

TITLE
Chief Information Officer
TENURE
2.8 yrs

Sally Cunningham

TITLE
VP of Corporate Administration & Corporate Secretary
TENURE
4.5 yrs

Robby Peay

TITLE
General Counsel
TENURE
8.3 yrs

Steve Baroff

TITLE
President and GM of Specialty Pipe & Tube Inc
TENURE
19.1 yrs

Maria Roberson

TITLE
President of American Stainless Tubing
TENURE
1.3 yrs

John Tidlow

TITLE
Executive Vice President of Synalloy Metals Inc
Board of Directors Tenure

Average tenure and age of the Synalloy board of directors in years:

7
Average Tenure
60
Average Age
  • The tenure for the Synalloy board of directors is about average.
Board of Directors

Murray Wright

TITLE
Independent Chairman
COMPENSATION
$102K
AGE
73
TENURE
6 yrs

Craig Bram

TITLE
President
COMPENSATION
$1M
AGE
60
TENURE
16.3 yrs

Henry Guy

TITLE
Independent Director
COMPENSATION
$102K
AGE
51
TENURE
8.7 yrs

Tony Callander

TITLE
Independent Director
COMPENSATION
$98K
AGE
72
TENURE
8 yrs

Susan Gayner

TITLE
Independent Director
COMPENSATION
$102K
AGE
57
TENURE
3.9 yrs

Jeff Kaczka

TITLE
Director
COMPENSATION
$12K
AGE
60
TENURE
0.9 yrs

James Terry

TITLE
Independent Director
COMPENSATION
$100K
AGE
71
TENURE
8.7 yrs

Amy Michtich

TITLE
Independent Director
COMPENSATION
$96K
AGE
50
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Synalloy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Mar 20 Buy Craig Bram Individual 16. Mar 20 16. Mar 20 3,000 $10.35 $31,050
13. Mar 20 Buy James Terry Individual 12. Mar 20 12. Mar 20 500 $10.50 $5,250
13. Mar 20 Buy James Gibson Individual 11. Mar 20 11. Mar 20 130 $11.50 $1,495
13. Mar 20 Buy Craig Bram Individual 10. Mar 20 10. Mar 20 4,000 $11.20 $44,800
05. Mar 20 Buy Union Partners I LLC Company 23. Jan 20 04. Mar 20 723,401 $13.41 $9,700,807
05. Mar 20 Buy Privet Fund Management, LLC Company 03. Mar 20 05. Mar 20 314,058 $13.49 $4,119,297
24. Feb 20 Sell Michael Padden Individual 20. Feb 20 20. Feb 20 -141 $12.65 $-1,784
22. Jan 20 Buy Craig Bram Individual 16. Dec 19 16. Dec 19 309 $12.35 $3,816
23. Dec 19 Buy Murray Wright Individual 19. Dec 19 19. Dec 19 1,000 $12.94 $12,940
19. Dec 19 Buy Murray Wright Individual 17. Dec 19 17. Dec 19 500 $12.64 $6,322
12. Dec 19 Buy Murray Wright Individual 09. Dec 19 09. Dec 19 1,000 $11.58 $11,582
12. Dec 19 Buy Murray Wright Individual 09. Dec 19 09. Dec 19 800 $11.74 $9,392
10. Dec 19 Buy Craig Bram Individual 09. Dec 19 09. Dec 19 2,000 $11.72 $23,440
02. Dec 19 Buy Craig Bram Individual 02. Dec 19 02. Dec 19 2,000 $12.70 $25,400
02. Dec 19 Buy Murray Wright Individual 27. Nov 19 27. Nov 19 200 $13.09 $2,618
25. Nov 19 Buy Craig Bram Individual 22. Nov 19 22. Nov 19 2,000 $12.44 $24,880
21. Nov 19 Buy Murray Wright Individual 21. Nov 19 21. Nov 19 1,000 $13.40 $13,400
21. Nov 19 Buy Craig Bram Individual 19. Nov 19 19. Nov 19 2,195 $13.15 $28,864
19. Nov 19 Buy Maria Roberson Individual 18. Nov 19 18. Nov 19 500 $13.00 $6,500
X
Management checks
We assess Synalloy'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. Synalloy 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.

SYNL News

Simply Wall St News

Do Synalloy's (NASDAQ:SYNL) Earnings Warrant Your Attention?

How Fast Is Synalloy Growing Its Earnings Per Share. … One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. … You can take a look at the company's revenue and earnings growth trend, in the chart below.

Simply Wall St -

If You Had Bought Synalloy (NASDAQ:SYNL) Stock Three Years Ago, You Could Pocket A 99% Gain Today

For example, the Synalloy Corporation (NASDAQ:SYNL) share price is up 99% in the last three years, clearly besting than the market return of around 40% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During three years of share price growth, Synalloy moved from a loss to profitability.

Simply Wall St -

Did Synalloy Corporation (NASDAQ:SYNL) Use Debt To Deliver Its ROE Of 13%?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Synalloy has a return on equity of 13% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What We Think Of Synalloy Corporation’s (NASDAQ:SYNL) Investment Potential

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Synalloy Corporation's (NASDAQ:SYNL) CEO Pay Justified?

Craig Bram has been the CEO of Synalloy Corporation (NASDAQ:SYNL) since 2011. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Craig Bram's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Are Synalloy Corporation's (NASDAQ:SYNL) Interest Costs Too High?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Could Synalloy Corporation's (NASDAQ:SYNL) Investor Composition Influence The Stock Price?

A look at the shareholders of Synalloy Corporation (NASDAQ:SYNL) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Is Synalloy Corporation (NASDAQ:SYNL) A Smart Pick For Income Investors?

Historically, Synalloy Corporation (NASDAQ:SYNL) has been paying a dividend to shareholders. … Does Synalloy tick all the boxes of a great dividend stock? … 5 questions to ask before buying a dividend stock

Simply Wall St -

Only 4 Days Left To Cash In On Synalloy Corporation (NASDAQ:SYNL) Dividend

To qualify for the dividend check of US$0.25 per share, investors must have owned the shares prior to 29 November 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)? … Is its earnings sufficient to payout dividend at the current rate

Simply Wall St -

Is Synalloy Corporation's (NASDAQ:SYNL) CEO Overpaid Relative To Its Peers?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Craig Bram's Compensation Compare With Similar Sized Companies. … As you can see, Craig Bram is paid more than the median CEO pay at companies of a similar size, in the same market

Simply Wall St -

SYNL Company Info

Description

Synalloy Corporation manufactures and sells metals and specialty chemicals in the United States and internationally. The company’s Metals segment offers stainless steel, galvanized, and other alloy pipes and tubes under the BRISMET trade name; liquid storage solutions and separation equipment; and ornamental stainless steel tubes under the ASTI trade name, as well as distributes seamless carbon pipes and tubes. It serves oil and gas, chemical, petrochemical, pulp and paper, mining, power generation, water and waste water treatment, liquid natural gas, brewery, food processing, petroleum, pharmaceutical, automotive and commercial transportation, appliance, architectural, and other heavy industries. The company’s Specialty Chemicals segment produces lubricants, surfactants, defoamers, reaction intermediaries, and sulfated fats and oils for the chemical, paper, metals, mining, agricultural, fiber, paint, textile, automotive, petroleum, cosmetics, mattress, furniture, janitorial, and other industries. It also provides chemical tolling manufacturing resources to chemical companies; and contracts with other chemical companies to manufacture pre-defined products. The company was formerly known as Blackman Uhler Industries, Inc. and changed its name to Synalloy Corporation in July 1967. Synalloy Corporation was founded in 1945 and is headquartered in Richmond, Virginia.

Details
Name: Synalloy Corporation
SYNL
Exchange: NasdaqGM
Founded: 1945
$79,076,680
9,058,039
Website: http://www.synalloy.com
Address: Synalloy Corporation
4510 Cox Road,
Suite 201,
Richmond,
Virginia, 23060,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM SYNL Common Stock Nasdaq Global Market US USD 02. Jan 1968
DB SY4 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
606
Synalloy employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 01:44
End of day share price update: 2020/03/31 00:00
Last earnings filing: 2020/03/06
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.