FRD - Friedman Industries Inc Stock Price, Fair Value and News

19.46USD+0.07 (+0.36%)Market Closed

Market Summary

USD19.46+0.07

Market Closed

0.36%

FRD Stock Price

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FRD RSI Chart

FRD Valuation

Market Cap

135.8M

Price/Earnings (Trailing)

7.26

Price/Sales (Trailing)

0.27

EV/EBITDA

4.41

Price/Free Cashflow

17.27

FRD Price/Sales (Trailing)

FRD Profitability

EBT Margin

4.86%

Return on Equity

15.24%

Return on Assets

8.17%

Free Cashflow Yield

5.79%

FRD Fundamentals

FRD Revenue

Revenue (TTM)

508.2M

Rev. Growth (Yr)

3.68%

Rev. Growth (Qtr)

-11.3%

FRD Earnings

Earnings (TTM)

18.7M

Earnings Growth (Yr)

-13.95%

Earnings Growth (Qtr)

-66.3%

Breaking Down FRD Revenue

Last 7 days

3.7%

Last 30 days

4.3%

Last 90 days

12.2%

Trailing 12 Months

75.1%

How does FRD drawdown profile look like?

FRD Financial Health

Current Ratio

3.13

FRD Investor Care

Dividend Yield

0.41%

Dividend/Share (TTM)

0.08

Shares Dilution (1Y)

0.09%

Diluted EPS (TTM)

2.52

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	547.5M	523.0M	504.1M	508.2M
2022	285.2M	381.1M	438.2M	498.4M
2021	126.1M	168.5M	236.2M	259.4M
2020	142.1M	124.7M	109.5M	109.9M
2019	187.2M	179.9M	166.5M	151.3M
2018	121.2M	146.3M	173.6M	188.9M
2017	77.8M	78.4M	86.2M	98.3M
2016	81.6M	80.1M	75.2M	72.6M
2015	108.3M	104.4M	96.0M	91.0M
2014	116.1M	114.5M	119.7M	115.0M
2013	136.4M	126.6M	119.6M	116.1M
2012	161.5M	162.0M	153.3M	148.0M
2011	131.7M	141.4M	154.1M	160.0M
2010	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Friedman Industries Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	larue alex	sold (taxes)	-5,416	18.3	-296	cfo - secretary & treasurer
Jan 09, 2024	williams joe l	acquired	-	-	641	-
Jan 09, 2024	agrawal durga d	acquired	-	-	641	-
Jan 09, 2024	scott sandra kay	acquired	-	-	641	-
Jan 09, 2024	taylor sharon l	acquired	-	-	641	-
Jan 09, 2024	stevenson tim scott	acquired	-	-	641	-
Jan 09, 2024	reichenthal max alan	acquired	-	-	641	-
Jan 09, 2024	spira joel	acquired	-	-	641	-
Sep 11, 2023	reichenthal max alan	bought	26,700	13.35	2,000	-
Sep 07, 2023	spira joel	bought	13,000	13.00	1,000	-

Which funds bought or sold FRD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 24, 2024	RITHOLTZ WEALTH MANAGEMENT	new	-	193,679	193,679	0.01%
Apr 24, 2024	Callahan Advisors, LLC	reduced	-5.38	119,670	933,964	0.10%
Apr 10, 2024	Founders Capital Management	unchanged	-	16,400	93,700	0.06%
Mar 11, 2024	VANGUARD GROUP INC	added	3.38	780,397	4,830,400	-%
Feb 15, 2024	State of Wyoming	sold off	-100	-33,446	-	-%
Feb 14, 2024	Empowered Funds, LLC	added	9.59	92,200	440,935	0.01%
Feb 14, 2024	Royal Bank of Canada	reduced	-0.01	39,000	294,000	-%
Feb 14, 2024	GENDELL JEFFREY L	added	5.93	1,051,710	5,787,100	0.32%
Feb 14, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	1.65	350,567	2,379,940	0.05%

Are Funds Buying or Selling FRD?

Are funds buying FRD calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FRD

No. of Funds

Unveiling Friedman Industries Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	gendell jeffrey l	5.37%	374,327	SC 13G/A
Feb 13, 2024	renaissance technologies llc	5.38%	374,782	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	7.9%	552,968	SC 13G/A
Dec 26, 2023	gendell jeffrey l	5.17%	360,378	SC 13G
Dec 21, 2023	mitsubishi corp	0.0%	0	SC 13G/A
Feb 14, 2023	mitsubishi corp	7.0%	516,041	SC 13G/A
Feb 13, 2023	renaissance technologies llc	5.12%	377,462	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.3%	538,467	SC 13G/A
May 09, 2022	mitsubishi corp	7.0%	516,041	SC 13G
Feb 23, 2022	bitnile holdings, inc.	4.89%	334,699	SC 13D/A

Recent SEC filings of Friedman Industries Inc

View All Filings

Date Filed	Form Type	Document
Apr 03, 2024	4	Insider Trading
Feb 14, 2024	8-K	Current Report
Feb 14, 2024	10-Q	Quarterly Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 12, 2024	SCHEDULE 13G	SCHEDULE 13G
Feb 09, 2024	SC 13G/A	Major Ownership Report

Friedman Industries Inc News

Latest updates

Friedman Industries Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-11.3%	115,973	130,748	137,298	124,187	111,860	149,692	161,803	75,092	51,656	92,571	65,916	49,214	28,502	24,862	23,525	32,981	28,151	39,996	40,975	42,203	43,326
Costs and Expenses	-15.3%	109,800	129,693	126,941	116,931	110,431	149,621	149,484	79,310	57,254	68,238	51,960	34,795	25,737	25,179	24,666	36,915	29,301	42,032	40,712	44,033	42,451
S&GA Expenses	-10.4%	4,269	4,766	5,972	6,350	4,701	4,607	6,353	1,833	1,994	5,290	3,350	3,316	1,725	1,402	1,392	1,462	1,200	1,254	1,208	946	1,054
EBITDA Margin	-3.5%	0.06*	0.06*	0.05*	0.06*	0.03*	0.01*	0.05*	0.07*	0.17*	0.21*	0.19*	0.13*	-0.01*	-	-	-	-	-	-	-	-
Interest Expenses	1.9%	-790	-805	540	3,287	-448	-621	429	101	58.00	72.00	23.00	6.00	6.00	6.00	6.00	2.00	2.00	-	-	1*	2.00
Income Taxes	-93.6%	74.00	1,149	2,600	2,212	431	735	3,500	-2,038	-967	4,315	2,957	3,499	639	-62.72	-277	-910	-264	-487	74.00	-299	216
Earnings Before Taxes	-73.0%	1,258	4,662	10,253	8,519	1,807	3,206	14,657	-9,500	-3,930	17,492	14,269	13,903	2,769	-313	-1,137	-3,929	-1,145	-2,032	269	-1,465	881
EBT Margin	-3.0%	0.05*	0.05*	0.05*	0.05*	0.02*	0.01*	0.05*	0.06*	0.16*	0.21*	0.18*	0.12*	-0.02*	-	-	-	-	-	-	-	-
Net Income	-66.3%	1,184	3,513	7,690	6,313	1,376	2,471	11,184	-7,461	-2,961	13,178	11,312	10,404	2,130	-250	-858	-3,018	-881	-1,544	195	-1,165	665
Net Income Margin	-1.8%	0.04*	0.04*	0.03*	0.04*	0.02*	0.01*	0.04*	0.05*	0.12*	0.16*	0.14*	0.09*	-0.02*	-	-	-	-	-	-	-	-
Free Cashflow	207.1%	19,362	-18,086	-5,033	11,620	-11,636	71,613	-24,157	8,825	-2,790	-26,858	-638	3,208	-173	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	3.1%	229	222	211	199	204	212	262	159	150	138	156	95.00	79.00	73.00	71.00	77.00	84.00	82.00	84.00	87.00	94.00
Current Assets	3.5%	171	165	156	144	148	156	209	125	122	112	131	78.00	64.00	58.00	58.00	65.00	69.00	69.00	71.00	74.00	80.00
Cash Equivalents	27.2%	4.00	3.00	5.00	3.00	4.00	7.00	2.00	3.00	3.00	3.00	1.00	8.00	16.00	19.00	15.00	17.00	22.00	19.00	11.00	12.00	3.00
Inventory	9.0%	114	105	101	86.00	98.00	89.00	124	68.00	85.00	68.00	67.00	36.00	30.00	26.00	31.00	36.00	36.00	36.00	44.00	49.00	59.00
Net PPE	2.1%	56.00	55.00	54.00	54.00	54.00	54.00	51.00	30.00	27.00	21.00	18.00	15.00	15.00	14.00	13.00	12.00	15.00	12.00	12.00	12.00	14.00
Liabilities	11.4%	106	95.00	88.00	84.00	95.00	105	159	80.00	59.00	57.00	93.00	30.00	10.00	8.00	5.00	10.00	14.00	11.00	11.00	14.00	20.00
Current Liabilities	54.7%	55.00	35.00	43.00	45.00	49.00	67.00	55.00	61.00	44.00	39.00	80.00	29.00	9.00	6.00	4.00	10.00	13.00	10.00	9.00	12.00	18.00
Shareholder's Equity	-3.2%	123	127	123	115	109	107	103	80.00	91.00	80.00	63.00	65.00	69.00	65.00	66.00	67.00	70.00	8.00	8.00	72.00	8.00
Retained Earnings	1.2%	92.00	91.00	87.00	80.00	73.00	72.00	70.00	59.00	67.00	70.00	57.00	45.00	35.00	33.00	34.00	35.00	38.00	39.00	40.00	40.00	42.00
Additional Paid-In Capital	0.1%	35.00	35.00	35.00	35.00	35.00	35.00	35.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	29.00	29.00	29.00	29.00
Accumulated Depreciation	2.4%	31.00	30.00	29.00	28.00	28.00	27.00	27.00	26.00	26.00	25.00	29.00	30.00	30.00	30.00	30.00	32.00	37.00	37.00	37.00	37.00	36.00
Shares Outstanding	-	-	-	7.00	-	-	7.00	-	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	-	-	-	-	-
Float	-	-	-	-	-	-	49.00	-	-	-	76.00	-	-	-	43.00	-	-	-	44.00	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	235.8%	21,253	-15,653	-4,583	19,795	-10,551	75,995	-21,345	9,540	1,654	-26,708	2,118	3,589	1,121	5,776	-2,059	-3,395	5,559	8,975	94.00	9,672	-227
Cashflow From Investing	22.3%	-1,894	-2,438	-452	-8,178	-1,088	-4,386	-74,535	-719	-4,447	8.00	-2,759	-349	-1,298	-1,564	-1,377	-1,715	-2,431	-128	-676	-159	-448
Cashflow From Financing	-192.2%	-13,719	14,885	6,007	-11,631	8,175	-66,475	83,488	2,650	343	3,552	10,700	-748	-899	-576	1,524	-164	-164	-279	-279	-420	-420
Dividend Payments	0.7%	148	147	148	147	147	148	147	137	138	138	138	139	142	142	142	140	140	280	280	421	421
Buy Backs	128575.0%	5,147	4.00	-	-	8.00	-	29.00	436	102	-	-	-	-	-	-	-	-	-	-	-	-

FRD Income Statement

2023-12-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Net Sales	$ 115,973	$ 111,860	$ 384,019	$ 423,356
Costs and expenses:
Costs of products sold	105,531	105,730	351,427	393,876
Selling, general and administrative	4,269	4,701	15,007	15,662
Costs and Expenses	109,800	110,431	366,434	409,538
EARNINGS FROM OPERATIONS	6,173	1,429	17,585	13,818
Gain (loss) on economic hedges of risk	(4,126)	822	706	7,326
Interest expense	(790)	(448)	(2,135)	(1,498)
Other income	1	4	17	24
EARNINGS BEFORE INCOME TAXES	1,258	1,807	16,173	19,670
Provision for (benefit from) income taxes:
Current	82	448	3,827	4,686
Deferred	(8)	(17)	(41)	(47)
Income tax	74	431	3,786	4,639
NET EARNINGS	$ 1,184	$ 1,376	$ 12,387	$ 15,031
Net earnings per share:
Basic (in dollars per share)	$ 0.16	$ 0.19	$ 1.69	$ 2.06
Diluted (in dollars per share)	0.16	0.19	1.69	2.06
Cash dividends, per share (in dollars per share)	$ 0.02	$ 0.02	$ 0.06	$ 0.06

FRD Balance Sheet

2023-12-31

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023
CURRENT ASSETS:
Cash	$ 4,009	$ 2,992
Accounts receivable, net of allowances for bad debts of $138 and $183 at December 31, and March 31, 2023, respectively	44,422	49,367
Inventories	113,901	86,246
Current portion of derivative assets	26	536
Other current assets	8,539	4,515
TOTAL CURRENT ASSETS	170,897	143,656
PROPERTY, PLANT AND EQUIPMENT:
Land	1,670	1,670
Buildings and yard improvements	29,266	28,550
Machinery and equipment	52,021	51,001
Construction in process	4,174	1,167
Less accumulated depreciation	(30,643)	(28,455)
Property, plant, and equipment, net	56,488	53,933
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	377	453
Operating lease right-of-use asset	1,193	1,270
TOTAL ASSETS	228,955	199,312
CURRENT LIABILITIES:
Accounts payable and accrued expenses	47,870	36,847
Income taxes payable	2,174	774
Dividends payable	139	148
Contribution to retirement plan	0	350
Employee compensation and related expenses	3,529	4,650
Current portion of financing lease	81	107
Current portion of derivative liability	808	2,212
TOTAL CURRENT LIABILITIES	54,601	45,088
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	103	96
DEFERRED INCOME TAX LIABILITY	4,418	4,357
OTHER NON-CURRENT LIABILITIES	1,127	1,222
ASSET BASED LENDING FACILITY	45,963	33,117
TOTAL LIABILITIES	106,212	83,880
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,868,716 shares at December 31, and March 31, 2023	8,869	8,869
Additional paid-in capital	35,198	35,005
Accumulated other comprehensive loss	0	(317)
Treasury stock at cost (1,896,892 shares and 1,493,128 shares at December 31, and March 31, 2023, respectively)	(12,929)	(7,778)
Retained earnings	91,605	79,653
TOTAL STOCKHOLDERS’ EQUITY	122,743	115,432
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 228,955	$ 199,312

About Friedman Industries Inc

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils. This segment also processes customer-owned coils on a fee basis. The company sells coil products and processing services to approximately 230 customers located primarily in the midwestern, southwestern and southeastern regions of the United States. Its principal customers for these products and services are steel distributors and customers manufacturing steel products, such as steel buildings, railroad cars, barges, tanks and containers, trailers, component parts and other fabricated steel products. The Tubular segment manufactures line and oil country pipes, as well as pipes for structural applications. This segment sells its tubular products principally to steel and pipe distributors through its own sales force. Friedman Industries, Incorporated was incorporated in 1965 and is headquartered in Longview, Texas.

CEO	Mr. Michael J. Taylor
WEBSITE	friedmanindustries.com
INDUSTRY	Metals and Mining
EMPLOYEES	234

Friedman Industries Inc Frequently Asked Questions

What is the ticker symbol for Friedman Industries Inc? What does FRD stand for in stocks?

FRD is the stock ticker symbol of Friedman Industries Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Friedman Industries Inc (FRD)?

As of Fri Apr 26 2024, market cap of Friedman Industries Inc is 135.76 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FRD stock?

You can check FRD's fair value in chart for subscribers.

What is the fair value of FRD stock?

You can check FRD's fair value in chart for subscribers. The fair value of Friedman Industries Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Friedman Industries Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FRD so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Friedman Industries Inc a good stock to buy?

The fair value guage provides a quick view whether FRD is over valued or under valued. Whether Friedman Industries Inc is cheap or expensive depends on the assumptions which impact Friedman Industries Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FRD.

What is Friedman Industries Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, FRD's PE ratio (Price to Earnings) is 7.26 and Price to Sales (PS) ratio is 0.27. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FRD PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Friedman Industries Inc's stock?

In the past 10 years, Friedman Industries Inc has provided 0.099 (multiply by 100 for percentage) rate of return.