Ferroglobe (GSM) AI Stock Analysis

• Market Cap: $781.96M
• Dividend Yield: 1.33%
• Average Volume (3M): 2.04M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.77
• Revenue Growth: -16.89%
• EPS Growth: -403.77%
• Country: US
• Employees: 3,283
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 186,625,870
• 10 Day Avg. Volume: 2,482,542
• 30 Day Avg. Volume: 2,044,904
• PEG Ratio: -0.32
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.43
• P/FCF Ratio: 4.28
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: 0.68
• Enterprise Value/Gross Profit: 3.93
• Enterprise Value/Ebitda: -30.06
• 1Y Price Target: $6.00
• Price Target Upside: 43.20% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.46
• Revenue Forecast (FY): $1.30B

• Rating: 45 Neutral
• Price Target: $3.50 ▼(-16.47% Downside)

Ferroglobe's overall stock score reflects significant financial challenges and bearish technical indicators. The company's declining profitability and revenue, coupled with a negative P/E ratio, weigh heavily on the score. While there are some positive developments in cash flow and strategic partnerships, these are not enough to offset the current financial and market challenges.

Positive Factors

Strategic Partnerships

The partnership with Coreshell enhances Ferroglobe's position in the EV battery market, supporting long-term growth through innovation and market expansion.

Regulatory Developments

The imposition of duties on imports could reduce competition from subsidized foreign producers, potentially improving market conditions and pricing power for Ferroglobe.

Energy Agreement

The energy agreement provides cost stability and operational flexibility, enhancing Ferroglobe's production efficiency and competitiveness in the European market.

Negative Factors

Revenue Decline

Significant volume and revenue declines indicate challenges in demand and market share, which could affect long-term financial performance if not addressed.

Profitability Challenges

Persistent profitability issues reflect operational inefficiencies and market pressures, potentially hindering investment in growth and innovation.

Market Competition

Increased competition from low-cost imports pressures pricing and market share, challenging Ferroglobe's ability to maintain margins and competitive position.

Ferroglobe Business Overview & Revenue Model

Company Description

Ferroglobe PLC is a global leader in the production of silicon metal and silicon-based alloys, serving a diverse range of industries including automotive, construction, and electronics. The company operates in two primary sectors: Silicon Products and Specialty Alloys, offering a wide array of core products such as ferrosilicon, silicon metal, and other silicon-based materials that are essential for various applications in manufacturing and production processes.

How the Company Makes Money

Ferroglobe generates revenue primarily through the sale of its silicon products and alloys. The company's key revenue streams include the production and distribution of silicon metal, ferrosilicon, and specialty alloys, which are sold to customers across multiple industries. Ferroglobe benefits from long-term contracts with major clients, providing a stable income source, while also engaging in spot market sales to optimize pricing strategies. The company’s strategic partnerships with key players in sectors like automotive and renewable energy enhance its market position and contribute to its earnings. Additionally, fluctuations in global silicon demand and pricing, as well as operational efficiencies in production, significantly impact Ferroglobe's profitability.

Ferroglobe Financial Statement Overview

Summary

Ferroglobe faces significant financial challenges, particularly in profitability and revenue growth. The income statement shows a negative net profit margin and declining revenue growth, while the balance sheet reflects a moderate position with reduced leverage but negative return on equity. Cash flow improvements are a positive sign, but overall financial health remains under pressure.

Income Statement

Ferroglobe's income statement shows significant challenges. The TTM data indicates a negative net profit margin of -6.99% and a declining revenue growth rate of -8.15%. The gross profit margin has also decreased to 23.76% from previous years. These figures suggest declining profitability and revenue, which are concerning for future growth.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio has improved to 0.17 in the TTM period, indicating reduced leverage. However, the return on equity is negative at -13.97%, highlighting profitability issues. The equity ratio remains stable, suggesting a balanced asset structure.

Cash Flow

Cash flow analysis reveals mixed results. The TTM free cash flow growth rate is strong at 128.26%, but the operating cash flow to net income ratio is low at 0.14, indicating limited cash generation relative to net income. The free cash flow to net income ratio is also low at 0.11, suggesting potential cash flow constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.37B	1.64B	1.65B	2.60B	1.78B	1.14B
Gross Profit	238.06M	541.35M	697.22M	1.23B	496.68M	200.76M
EBITDA	-31.09M	127.99M	263.08M	725.48M	33.74M	-69.12M
Net Income	-117.88M	23.54M	82.66M	440.31M	-110.62M	-246.34M
Balance Sheet
Total Assets	1.54B	1.47B	1.76B	1.96B	1.52B	1.35B
Cash, Cash Equivalents and Short-Term Investments	134.00M	138.47M	136.47M	317.94M	114.50M	132.56M
Total Debt	212.82M	198.82M	340.05M	536.47M	462.32M	551.55M
Total Liabilities	754.57M	638.20M	888.88M	1.20B	1.20B	981.43M
Stockholders Equity	786.81M	720.51M	748.06M	650.06M	213.98M	251.22M
Cash Flow
Free Cash Flow	18.89M	167.09M	91.91M	351.72M	-28.94M	121.36M
Operating Cash Flow	84.40M	243.26M	178.37M	405.02M	-1.34M	154.27M
Investing Cash Flow	-66.53M	-66.94M	-81.81M	-51.77M	-23.85M	-31.94M
Financing Cash Flow	-19.85M	-175.51M	-282.15M	-140.46M	10.45M	-113.33M

Ferroglobe Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GSM, the sentiment is Positive. The current price of 4.19 is above the 20-day moving average (MA) of 4.13, below the 50-day MA of 4.56, and above the 200-day MA of 4.06, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 48.39 is Neutral, neither overbought nor oversold. The STOCH value of 43.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GSM.

Ferroglobe Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEXA	67 Neutral	$893.96M	―	-1.64%	1.50%	7.92%	91.83%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CMP	50 Neutral	$769.57M	―	-40.17%	―	7.27%	27.35%
UAMY	49 Neutral	$810.81M	-141.22	-10.59%	―	240.12%	0.98%
GSM	45 Neutral	$781.96M	―	-16.00%	1.33%	-16.89%	-403.77%

Ferroglobe Corporate Events

Ferroglobe Announces Q3 2025 Financial Results Amid Trade Case Progress

On November 5, 2025, Ferroglobe PLC announced its financial results for the third quarter of 2025, reporting a decrease in sales by 19.4% from the previous quarter and 28.1% from the same period last year. Despite challenging market conditions and weak demand, the company made progress in a U.S. trade case on antidumping and countervailing duties, which is expected to benefit the company in 2026. Additionally, Ferroglobe has strengthened its partnership with Coreshell, advancing silicon anode technology in EV batteries, with pilot deliveries already underway.