Friedman Industries Inc. (FRD): Price and Financial Metrics

Friedman Industries Inc. (FRD): $17.10

0.62 (+3.76%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

C

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Industry: Steel

Industry

A

Ranked

#9 of 33

in industry

FRD Price/Volume Stats

Current price $17.10 52-week high $18.31
Prev. close $16.48 52-week low $9.50
Day low $16.49 Volume 22,700
Day high $17.10 Avg. volume 23,012
50-day MA $15.70 Dividend yield 0.47%
200-day MA $13.27 Market Cap 119.29M

FRD Stock Price Chart Interactive Chart >

FRD POWR Grades

  • FRD scores best on the Value dimension, with a Value rank ahead of 82.77% of US stocks.
  • The strongest trend for FRD is in Value, which has been heading down over the past 176 days.
  • FRD ranks lowest in Quality; there it ranks in the 22nd percentile.

FRD Stock Summary

  • FRD's current price/earnings ratio is 6.13, which is higher than only 7.26% of US stocks with positive earnings.
  • With a price/sales ratio of 0.23, FRIEDMAN INDUSTRIES INC has a higher such ratio than merely 6.75% of stocks in our set.
  • In terms of twelve month growth in earnings before interest and taxes, FRIEDMAN INDUSTRIES INC is reporting a growth rate of 391.82%; that's higher than 96.97% of US stocks.
  • Stocks that are quantitatively similar to FRD, based on their financial statements, market capitalization, and price volatility, are MLR, KEQU, KRT, AVT, and OCC.
  • FRD's SEC filings can be seen here. And to visit FRIEDMAN INDUSTRIES INC's official web site, go to www.friedmanindustries.com.

FRD Valuation Summary

  • In comparison to the median Basic Materials stock, FRD's price/sales ratio is 86.67% lower, now standing at 0.2.
  • FRD's price/sales ratio has moved down 0 over the prior 243 months.

Below are key valuation metrics over time for FRD.

Stock Date P/S P/B P/E EV/EBIT
FRD 2023-12-29 0.2 0.9 6.0 6.0
FRD 2023-12-28 0.2 0.9 6.1 6.0
FRD 2023-12-27 0.2 0.9 6.1 6.0
FRD 2023-12-26 0.2 0.9 5.9 5.9
FRD 2023-12-22 0.2 0.9 5.9 5.9
FRD 2023-12-21 0.2 0.9 5.9 5.9

FRD Growth Metrics

    The 2 year price growth rate now stands at 111.56%.
  • Its 3 year net cashflow from operations growth rate is now at -239.1%.
  • Its 3 year cash and equivalents growth rate is now at -77.73%.
Over the past 34 months, FRD's revenue has gone up $356,344,743.

The table below shows FRD's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-12-31 498.4471 53.63813 7.569919
2022-09-30 438.2429 65.84351 3.232193
2022-06-30 381.1214 -36.86019 13.9389
2022-03-31 285.2348 -13.39776 14.06632
2021-12-31 259.3575 -19.34805 31.93117
2021-09-30 236.2036 -19.88044 37.02275

FRD's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • FRD has a Quality Grade of B, ranking ahead of 79.63% of graded US stocks.
  • FRD's asset turnover comes in at 1.672 -- ranking 3rd of 41 Steel Works Etc stocks.
  • AA, TG, and GLW are the stocks whose asset turnover ratios are most correlated with FRD.

The table below shows FRD's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-06-30 1.672 0.241 0.489
2021-03-31 1.583 0.187 0.278
2020-12-31 1.460 0.070 -0.049
2020-09-30 1.432 0.030 -0.128
2020-06-30 1.584 0.011 -0.159
2020-03-31 1.738 0.018 -0.126


FRD Latest News Stream


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Latest FRD News From Around the Web

Below are the latest news stories about FRIEDMAN INDUSTRIES INC that investors may wish to consider to help them evaluate FRD as an investment opportunity.

Sizing Up Prospects for 3 Steel Stocks in the Wake of the Deal for U.S. Steel

Shares of U.S. Steel shot higher by 25% on Monday on news that the company will be acquired by Nippon Steel, Japan's largest steelmaker, for $14.9 billion. Created as the United States Steel Company in 1901, the iconic brand essentially began as a partnership that included business titans Andrew Carnegie, J.P. Morgan and Charles Schwab. The weak yen makes the deal more expensive from Nippon Steel's perspective, but the Tokyo-based steelmaker is willing to pay the price.

Yahoo | December 19, 2023

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES SHARE REPURCHASE AND AUTHORIZATION OF ADDITIONAL SHARE REPURCHASE PROGRAM

LONGVIEW, Texas, Dec. 18, 2023 (GLOBE NEWSWIRE) -- On December 13, 2023, Friedman Industries, Incorporated (the “Company”) repurchased 400,041 shares of the Company’s common stock from Metal One Corporation for an aggregate repurchase price of approximately $5.1 million. After the repurchase, the Company had 6,971,824 shares of common stock outstanding. In addition, the Board of Directors authorized a share repurchase program on December 13, 2023 under which the Company may repurchase up to 1,04

Yahoo | December 18, 2023

FRIEDMAN INDUSTRIES, INCORPORATED ANNOUNCES CASH DIVIDEND

LONGVIEW, Texas, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE—American; Trading Symbol: FRD) The Board of Directors (the “Board”) of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on December 13, 2023, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 16, 2024 to shareholders of record at the close

Yahoo | December 13, 2023

Friedman Industries, Incorporated Announces Second Quarter Results and Provides Update on Strategic Growth Initiatives

LONGVIEW, Texas, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter ended September 30, 2023. September 30, 2023 Quarter Highlights: Net earnings of approximately $3.5 millionSales of approximately $130.7 million10% increase in sales volume over prior year quarter volumeWorking capital balance at quarter-end of approximately $129.9 million “Our second quarter results are a testament to our team’s abil

Yahoo | November 14, 2023

Director Max Reichenthal Buys 2000 Shares of Friedman Industries Inc (FRD)

On September 11, 2023, Max Reichenthal, a director at Friedman Industries Inc (FRD), purchased 2000 shares of the company.

Yahoo | September 14, 2023

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FRD Price Returns

1-mo 5.56%
3-mo 40.34%
6-mo 21.29%
1-year 44.81%
3-year 137.10%
5-year 133.36%
YTD 10.75%
2023 58.98%
2022 5.34%
2021 37.91%
2020 15.73%
2019 -12.71%

FRD Dividends

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