FOE · Ferro Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $1.13B | $958.95M | $1.02B | $1.15B | $1.40B | $1.15B |
| Cost of Revenue | $781.64M | $665.20M | $709.55M | $1.16B | $980.52M | $794.08M |
| Gross Profit | $344.62M | $293.76M | $308.82M | $455.93M | $416.22M | $351.22M |
| R&D | $32.60M | $35.60M | $41.00M | $40.20M | $36.40M | $27.30M |
| SG&A | $217.81M | $202.41M | $212.49M | $278.57M | $258.60M | $241.70M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $40.21M | $40.29M | $55.88M | $53.97M | $50.09M | $46.80M |
| Operating Income | $112.56M | $44.90M | $43.51M | $103.99M | $110.52M | $62.45M |
| Interest Expense | $28.17M | $21.88M | $24.30M | $33.37M | $27.75M | $21.55M |
| Income Tax | $39.22M | $14.86M | $8.12M | $23.05M | $52.75M | $17.87M |
| Net Income | $148.83M | $42.80M | $6.04M | $80.09M | $57.05M | ($20.82M) |
| EPS - Basic | $1.79 | $0.52 | $0.07 | $0.95 | $0.68 | ($0.25) |
| EPS - Diluted | $1.78 | $0.52 | $0.07 | $0.94 | $0.67 | ($0.25) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $71.49M | $174.08M | $96.20M | $104.30M | $63.55M | $45.58M |
| Accounts Receivable | $130.95M | $137.01M | $135.80M | $306.88M | $354.42M | $259.69M |
| Inventory | $262.67M | $260.33M | $264.62M | $357.00M | $324.18M | $229.85M |
| Accounts Payable | $136.60M | $135.30M | $138.83M | $256.57M | $211.71M | $127.66M |
| Current Assets | $539.78M | $969.80M | $883.17M | $883.28M | $825.73M | $582.02M |
| Total Assets | $1.29B | $1.96B | $1.83B | $1.81B | $1.68B | $1.28B |
| Current Liabilities | $304.15M | $403.62M | $381.75M | $384.82M | $355.20M | $246.03M |
| Long-term Debt | $261.56M | $804.82M | $812.11M | $827.05M | $743.85M | - |
| Total Liabilities | $741.92M | $1.52B | $1.46B | $1.43B | $1.33B | $1.03B |
| Stockholders' Equity | $538.38M | $429.97M | $360.38M | $376.63M | $344.81M | $247.11M |
| Retained Earnings | $453.65M | $304.81M | $262.02M | $255.98M | $171.74M | $114.69M |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($61.30M) | ($13.19M) | $17.71M | $182.79M | $84.79M | $62.63M |
| Investing Cash Flow | $490.66M | $98.99M | $21.30M | ($148.52M) | ($178.91M) | ($150.82M) |
| Financing Cash Flow | ($538.05M) | ($10.05M) | ($39.20M) | $9.37M | $108.36M | $82.00M |
| CapEx | $29.96M | $31.78M | $64.97M | $80.62M | $50.55M | $24.02M |
| Free Cash Flow | ($91.26M) | ($44.98M) | ($47.26M) | $102.17M | $34.24M | $38.60M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 30.6% | 30.6% | 30.3% | 39.8% | 29.8% | 30.7% |
| Operating margin | 10.0% | 4.7% | 4.3% | 9.1% | 7.9% | 5.5% |
| EBITDA margin | 13.6% | 8.9% | 9.8% | 13.8% | 11.5% | 9.5% |
| Net margin | 13.2% | 4.5% | 0.6% | 7.0% | 4.1% | -1.8% |
| Free cash flow margin | -8.1% | -4.7% | -4.6% | 8.9% | 2.5% | 3.4% |
| FCF / Net income | -0.61 | -1.05 | -7.83 | 1.28 | 0.60 | -1.85 |
| R&D / Revenue | 2.9% | 3.7% | 4.0% | 3.5% | 2.6% | 2.4% |
| SG&A / Revenue | 19.3% | 21.1% | 20.9% | 24.3% | 18.5% | 21.1% |
| Effective tax rate | 20.9% | 25.8% | 57.3% | 22.3% | 48.0% | - |
| Return on assets | 11.5% | 2.2% | 0.3% | 4.4% | 3.4% | -1.6% |
| Return on equity | 27.6% | 10.0% | 1.7% | 21.3% | 16.5% | -8.4% |
| Return on invested capital | 11.1% | 2.7% | 1.9% | 6.7% | 5.3% | - |
| Liquidity | ||||||
| Current ratio | 1.77 | 2.40 | 2.31 | 2.30 | 2.32 | 2.37 |
| Quick ratio | 0.91 | 1.76 | 1.62 | 1.37 | 1.41 | 1.43 |
| Cash ratio | 0.24 | 0.43 | 0.25 | 0.27 | 0.18 | 0.19 |
| Leverage | ||||||
| Debt / Equity | 0.49 | 1.87 | 2.25 | 2.20 | 2.16 | - |
| Debt / Assets | 0.20 | 0.41 | 0.44 | 0.46 | 0.44 | - |
| Debt / EBITDA | 1.71 | 9.45 | 8.17 | 5.24 | 4.63 | - |
| Interest coverage | 4.0x | 2.1x | 1.8x | 3.1x | 4.0x | 2.9x |
| Equity multiplier | 2.40 | 4.56 | 5.09 | 4.81 | 4.88 | 5.20 |
| Liabilities / Assets | 0.58 | 0.78 | 0.80 | 0.79 | 0.79 | 0.80 |
| Efficiency | ||||||
| Asset turnover | 0.87 | 0.49 | 0.56 | 0.63 | 0.83 | 0.89 |
| Inventory turnover | 2.98 | 2.56 | 2.68 | 3.24 | 3.02 | 3.45 |
| Days sales outstanding | 42d | 52d | 49d | 98d | 93d | 83d |
| Days inventory outstanding | 123d | 143d | 136d | 113d | 121d | 106d |
| Days payable outstanding | 64d | 74d | 71d | 81d | 79d | 59d |
| Cash conversion cycle | 101d | 121d | 113d | 129d | 134d | 130d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 17.4% | -5.8% | -11.1% | -18.0% | 22.0% | 6.5% |
| Revenue CAGR (3y) | -0.6% | -11.8% | -3.8% | 2.1% | 7.9% | -11.2% |
| Revenue CAGR (5y) | -0.3% | -2.3% | -1.7% | -6.9% | -4.6% | -7.1% |
| Gross profit growth (YoY) | 17.3% | -4.9% | -32.3% | 9.5% | 18.5% | 16.4% |
| Operating income growth (YoY) | 150.7% | 3.2% | -58.2% | -5.9% | 77.0% | 14.0% |
| Net income growth (YoY) | 247.7% | 608.8% | -92.5% | 40.4% | - | - |
| EPS growth (YoY) | 242.3% | 642.9% | -92.6% | 40.3% | - | - |
| EPS CAGR (3y) | 23.7% | -8.1% | - | 9.3% | -12.2% | - |
| EPS CAGR (5y) | - | -6.3% | -41.1% | 2.8% | - | - |
| FCF growth (YoY) | -102.9% | 4.8% | - | 198.4% | -11.3% | 33.6% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 25.2% | 19.3% | -4.3% | 9.2% | 39.5% | -21.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$1.13B totalFunctional Coatings$732.06M · 65.0%
Color Solutions$394.20M · 35.0%
Geographic
$1.86B totalOther International$571.57M · 30.8%
US$374.69M · 20.2%
EMEA$342.40M · 18.4%
Americas$266.75M · 14.4%
DE$180.00M · 9.7%
Asia Pacific$122.92M · 6.6%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
1.88
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Paints, Varnishes, Lacquers, Enamels & Allied Prods
Comparing FERRO CORP against the 3 most active filers in the same SIC group.