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 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $277.23M | $294.33M | $288.36M | - | $241.88M | $204.80M | $252.33M | - | $365.73M |
| Cost of Revenue | - | $193.85M | $199.50M | $193.25M | - | $171.71M | $141.06M | $171.59M | - | $265.44M |
| Gross Profit | - | $83.38M | $94.83M | $95.10M | - | $70.17M | $63.74M | $80.74M | - | $100.29M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $54.52M | $59.03M | $53.84M | - | $47.82M | $50.54M | $56.05M | - | $67.72M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | - | $25.48M | $25.93M | $26.20M | - | $14.59M | ($1.73M) | $21.03M | - | $16.94M |
| Interest Expense | - | $5.44M | $5.01M | $9.44M | - | $4.77M | $6.18M | $5.53M | - | $8.14M |
| Income Tax | - | $13.80M | $8.50M | $7.64M | - | $5.05M | $200.0K | $5.12M | - | $3.73M |
| Net Income | - | $10.38M | $15.51M | $107.96M | - | $14.47M | ($5.54M) | $16.12M | - | $12.82M |
| EPS - Basic | - | $0.13 | $0.19 | $1.31 | - | $0.18 | ($0.07) | $0.19 | - | $0.16 |
| EPS - Diluted | - | $0.12 | $0.18 | $1.30 | - | $0.17 | ($0.07) | $0.19 | - | $0.16 |
Balance Sheet
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $71.49M | $148.75M | $143.72M | $128.43M | $174.08M | $43.54M | $43.11M | $43.02M | $96.20M | $126.28M |
| Accounts Receivable | $130.95M | $157.61M | $162.38M | $158.99M | $137.01M | $148.05M | $133.35M | $150.64M | $135.80M | $320.36M |
| Inventory | $262.67M | $267.99M | $260.24M | $251.37M | $260.33M | $272.80M | $290.66M | $266.27M | $264.62M | $358.30M |
| Accounts Payable | $136.60M | $127.53M | $136.30M | $125.16M | $135.30M | $92.70M | $117.86M | $105.09M | $138.83M | $178.41M |
| Current Assets | $539.78M | $660.85M | $651.56M | $617.64M | $969.80M | $856.23M | $856.60M | $829.87M | $883.17M | $843.85M |
| Total Assets | $1.29B | $1.42B | $1.42B | $1.39B | $1.96B | $1.82B | $1.80B | $1.77B | $1.83B | $1.78B |
| Current Liabilities | $304.15M | $322.51M | $324.00M | $309.51M | $403.62M | $324.52M | $346.19M | $335.55M | $381.75M | $322.66M |
| Long-term Debt | $261.56M | - | - | - | $804.82M | - | - | - | $812.11M | $827.79M |
| Total Liabilities | $741.92M | $897.26M | $908.39M | $896.71M | $1.52B | $1.43B | $1.43B | $1.41B | $1.46B | $1.40B |
| Stockholders' Equity | $538.38M | $512.78M | $504.01M | $483.83M | $429.97M | $380.63M | $350.57M | $351.80M | $360.38M | $377.59M |
| Retained Earnings | $453.65M | $438.66M | $428.29M | $412.78M | $304.81M | $287.07M | $272.60M | $278.14M | $262.02M | $293.27M |
Cash Flow
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($45.46M) | - | - | - | ($71.53M) | - | - |
| Investing Cash Flow | - | - | - | $429.93M | - | - | - | $21.26M | - | - |
| Financing Cash Flow | - | - | - | ($436.62M) | - | - | - | ($1.70M) | - | - |
| CapEx | - | - | - | $10.88M | - | - | - | $8.32M | - | - |
| Free Cash Flow | - | - | - | ($56.34M) | - | - | - | ($79.85M) | - | - |
Ratios
| Metric | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 30.1% | 32.2% | 33.0% | - | 29.0% | 31.1% | 32.0% | - | 27.4% |
| Operating margin | - | 9.2% | 8.8% | 9.1% | - | 6.0% | -0.8% | 8.3% | - | 4.6% |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | 3.7% | 5.3% | 37.4% | - | 6.0% | -2.7% | 6.4% | - | 3.5% |
| Free cash flow margin | - | - | - | -19.5% | - | - | - | -31.6% | - | - |
| FCF / Net income | - | - | - | -0.52 | - | - | - | -4.95 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 19.7% | 20.1% | 18.7% | - | 19.8% | 24.7% | 22.2% | - | 18.5% |
| Effective tax rate | - | 57.1% | 35.4% | 6.6% | - | 25.9% | - | 24.1% | - | 22.5% |
| Return on assets | - | 0.7% | 1.1% | 7.8% | - | 0.8% | -0.3% | 0.9% | - | 0.7% |
| Return on equity | - | 2.0% | 3.1% | 22.3% | - | 3.8% | -1.6% | 4.6% | - | 3.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | 1.1% |
| Liquidity | ||||||||||
| Current ratio | 1.77 | 2.05 | 2.01 | 2.00 | 2.40 | 2.64 | 2.47 | 2.47 | 2.31 | 2.62 |
| Quick ratio | 0.91 | 1.22 | 1.21 | 1.18 | 1.76 | 1.80 | 1.63 | 1.68 | 1.62 | 1.50 |
| Cash ratio | 0.24 | 0.46 | 0.44 | 0.41 | 0.43 | 0.13 | 0.12 | 0.13 | 0.25 | 0.39 |
| Leverage | ||||||||||
| Debt / Equity | 0.49 | - | - | - | 1.87 | - | - | - | 2.25 | 2.19 |
| Debt / Assets | 0.20 | - | - | - | 0.41 | - | - | - | 0.44 | 0.46 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | 4.7x | 5.2x | 2.8x | - | 3.1x | -0.3x | 3.8x | - | 2.1x |
| Equity multiplier | 2.40 | 2.77 | 2.82 | 2.87 | 4.56 | 4.79 | 5.12 | 5.04 | 5.09 | 4.72 |
| Liabilities / Assets | 0.58 | 0.63 | 0.64 | 0.65 | 0.78 | 0.79 | 0.80 | 0.80 | 0.80 | 0.78 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.20 | 0.21 | 0.21 | - | 0.13 | 0.11 | 0.14 | - | 0.21 |
| Inventory turnover | - | 0.72 | 0.77 | 0.77 | - | 0.63 | 0.49 | 0.64 | - | 0.74 |
| Days sales outstanding | - | 208d | 201d | 201d | - | 223d | 238d | 218d | - | 320d |
| Days inventory outstanding | - | 505d | 476d | 475d | - | 580d | 752d | 566d | - | 493d |
| Days payable outstanding | - | 240d | 249d | 236d | - | 197d | 305d | 224d | - | 245d |
| Cash conversion cycle | - | 472d | 428d | 440d | - | 606d | 685d | 561d | - | 567d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 14.6% | 43.7% | 14.3% | - | -33.9% | -48.0% | -34.9% | - | -7.4% |
| Revenue CAGR (3y) | - | -11.1% | -10.9% | -10.7% | - | -11.6% | -16.2% | -7.7% | - | 8.2% |
| Revenue CAGR (5y) | - | -0.8% | -0.2% | 0.8% | - | -2.8% | -5.3% | -0.8% | - | 5.8% |
| Gross profit growth (YoY) | - | 18.8% | 48.8% | 17.8% | - | -30.0% | -41.1% | -20.7% | - | -4.9% |
| Operating income growth (YoY) | - | 74.6% | - | 24.6% | - | -13.8% | - | 15.7% | - | -38.4% |
| Net income growth (YoY) | - | -28.3% | - | 569.6% | - | 12.9% | - | 18.5% | - | -20.2% |
| EPS growth (YoY) | - | -29.4% | - | 584.2% | - | 6.3% | - | 18.8% | - | -15.8% |
| EPS CAGR (3y) | - | -14.2% | -19.9% | 68.9% | - | -14.3% | - | -9.9% | - | - |
| EPS CAGR (5y) | - | - | -3.9% | - | - | - | - | 7.9% | - | -21.9% |
| FCF growth (YoY) | - | - | - | 29.4% | - | - | - | -17.8% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 25.2% | 34.7% | 43.8% | 37.5% | 19.3% | 0.8% | -6.8% | -4.0% | -4.3% | -0.4% |
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%
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.