Education
About Us
Working with TipRanks
Follow Us
Ferroglobe PLC (GSM)
:GSM
Top Page
Ferroglobe
(NASDAQ:GSM)
Select Model
Select Model
Rating:48Neutral
Price Target:
$4.50
▼(-11.76% Downside)
Ferroglobe's overall stock score is primarily impacted by its financial performance, which shows significant challenges with declining revenues and profitability. The technical analysis indicates weak momentum, and the valuation is concerning due to negative earnings. However, the earnings call provides some optimism for future improvements through strategic measures and partnerships.
Ferroglobe (GSM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$841.68M
Dividend Yield1.22%
Average Volume (3M)1.62M
Price to Earnings (P/E)―
Beta (1Y)0.74
Revenue Growth-16.89%
EPS Growth-403.77%
CountryUS
Employees3,283
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding186,625,870
10 Day Avg. Volume1,749,548
30 Day Avg. Volume1,618,522
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)0.99
Price to Sales (P/S)0.43
P/FCF Ratio4.28
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ferroglobe Business Overview & Revenue Model
Company DescriptionFerroglobe (GSM) is a global leader in the production of silicon and silicon-based products, primarily serving the renewable energy, automotive, and electronics sectors. The company specializes in the manufacturing of silicon metal, ferrosilicon, and silicon-based alloys, which are essential components in various industrial applications. With a strong presence in North America and Europe, Ferroglobe is committed to sustainable practices and innovation in silicon production.
How the Company Makes MoneyFerroglobe generates revenue primarily through the sale of silicon metal and ferrosilicon products to various industries, including steel production, chemical manufacturing, and renewable energy. Key revenue streams include long-term contracts with major customers, spot market sales, and customized products tailored to specific industry needs. The company also benefits from strategic partnerships with firms in the automotive and electronics sectors, which enhance its market reach and stability. Additionally, fluctuations in global silicon prices can significantly impact earnings, making market conditions a crucial factor in the company’s financial performance.
Ferroglobe Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 25, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a challenging market environment with significant volume and revenue declines across segments, primarily due to aggressive imports and soft demand. However, strategic trade measures and partnerships, such as with Coreshell, provide a positive outlook for 2026. The company is taking steps to improve operational efficiency and cash flow, with optimism for improved market conditions next year.Q3-2025 Updates
Positive Updates
U.S. Trade Case Progress
The U.S. Department of Commerce issued preliminary countervailing duties against countries including Australia (41.3%), Laos (240%), Norway (16.9%), and Thailand (31.3%) for subsidizing silicon metal production. Preliminary antidumping duties were also issued against Angola and Laos at 68.5% and 94.4%, respectively.
Coreshell Partnership and Achievements
Coreshell began shipping commercial scale 60 ampere EV pilot batteries to leading automotive OEMs and expects commercial deployment of advanced battery systems in early 2026. Coreshell's technology removes reliance on graphite, supporting a domestic supply chain for EV batteries. Coreshell also won the start-up World Cup.
New Multiyear Energy Agreement in France
Ferroglobe signed a multiyear energy agreement in France effective January 1, 2026, providing competitive energy pricing and operational flexibility.
Adjusted EBITDA Performance
Despite a 19% revenue decline, Ferroglobe generated $80 million in adjusted EBITDA, slightly below the previous quarter.
Negative Updates
Volume and Revenue Decline
Overall volumes in main segments were down 21% from the prior year quarter, and revenues declined by 19%.
Challenges in Silicon Metal Market
Predatory imports from China doubled in the first 8 months of the year in Europe, with EU shipments declining by 51% compared to the previous quarter.
Silicon-Based Alloys Volume Decline
Volumes decreased by 19% with pricing environment deteriorating. The U.S. and European indexes declined by 5% and 6%, respectively.
Manganese-Based Alloys Revenue and EBITDA Decline
Manganese-based alloys revenue declined by 21%, with adjusted EBITDA decreasing by 74% from the prior quarter.
Company Guidance
During Ferroglobe's third quarter 2025 earnings call, the company provided several key metrics and updates impacting their performance and future outlook. Despite a challenging market environment, Ferroglobe reported a 19% decline in revenue to $312 million and a 21% reduction in overall volumes compared to the same period last year. However, they achieved $80 million in adjusted EBITDA, slightly below the previous quarter, and improved free cash flow. The company highlighted significant regulatory developments, such as U.S. countervailing duties on silicon metal imports from several countries and an anticipated EU safeguard decision by November 18, which they believe will improve market dynamics in 2026. Ferroglobe's partnership with Coreshell is progressing with commercial-scale pilot battery shipments, aiming for full commercialization in early 2026. On the operational side, they secured a new multiyear energy agreement in France effective January 1, 2026, which promises competitive pricing and operational flexibility. Despite the current downturn, Ferroglobe maintains a strong balance sheet with adjusted gross debt at $127 million and a slight net debt position of $5 million.Ferroglobe Financial Statement Overview
Summary
Ferroglobe faces significant financial challenges, with declining revenues and profitability, as well as negative growth in free cash flow. While leverage is manageable, the company struggles with operational inefficiencies and cash flow generation.Income Statement
Ferroglobe's income statement shows a decline in revenue and profitability. The TTM data indicates a negative net profit margin of -3.80% and a gross profit margin of 30.70%, reflecting challenges in maintaining profitability. The EBIT margin is negative, indicating operational inefficiencies. Revenue growth has been negative, suggesting a contraction in sales.45
Neutral
Balance Sheet
The balance sheet reveals a moderate debt-to-equity ratio of 0.18 in the TTM, indicating manageable leverage. However, the return on equity is negative, reflecting poor profitability. The equity ratio is not explicitly calculated, but the relatively low debt levels suggest some financial stability.55
Neutral
Cash Flow
Cash flow analysis shows a significant decline in free cash flow growth, down by 93.91% in the TTM. The operating cash flow to net income ratio is 0.44, indicating limited cash generation relative to net income. The free cash flow to net income ratio is 0.65, suggesting some cash flow challenges.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.50B | 1.64B | 1.65B | 2.60B | 1.78B | 1.14B |
| Gross Profit | 355.16M | 616.81M | 770.75M | 1.24B | 496.68M | 247.41M |
| EBITDA | 2.71M | 134.46M | 268.34M | 734.38M | 128.58M | -47.26M |
| Net Income | -104.55M | 23.54M | 82.66M | 440.31M | -100.33M | -188.67M |
Balance Sheet | ||||||
| Total Assets | 1.66B | 1.47B | 1.76B | 1.98B | 1.53B | 1.39B |
| Cash, Cash Equivalents and Short-Term Investments | 148.08M | 138.54M | 136.47M | 317.94M | 114.50M | 103.72M |
| Total Debt | 136.87M | 208.61M | 302.19M | 443.15M | 557.62M | 504.55M |
| Total Liabilities | 848.25M | 638.20M | 888.88M | 1.21B | 1.19B | 970.78M |
| Stockholders Equity | 812.64M | 720.51M | 748.06M | 771.14M | 335.07M | 421.06M |
Cash Flow | ||||||
| Free Cash Flow | 8.28M | 167.09M | 91.91M | 351.72M | -28.94M | 121.36M |
| Operating Cash Flow | 76.26M | 243.26M | 178.37M | 405.02M | -1.34M | 154.27M |
| Investing Cash Flow | -67.78M | -66.94M | -81.81M | -61.68M | -23.85M | -31.94M |
| Financing Cash Flow | -22.71M | -175.51M | -282.15M | -140.46M | 10.45M | -113.33M |
Ferroglobe Technical Analysis
Negative
5.10
Price Trends
4.62
Negative
4.41
Negative
4.06
Positive
Market Momentum
-0.07
Positive
31.96
Neutral
9.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GSM, the sentiment is Negative. The current price of 5.1 is above the 20-day moving average (MA) of 4.96, above the 50-day MA of 4.62, and above the 200-day MA of 4.06, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 31.96 is Neutral, neither overbought nor oversold. The STOCH value of 9.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GSM.
Ferroglobe Risk Analysis
Ferroglobe disclosed 72 risk factors in its most recent earnings report. Ferroglobe reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud. As a result, shareholders could lose confidence in our financial and other public reporting, which would harm our business and the trading price of our ordinary shares. Q4, 2023
2.
The Company may be restricted or unable to pay cash dividends in the future. Q4, 2023
3.
Changes in laws, rules or regulations relating to data privacy and security, or any actual or perceived failure by us to comply with such laws, rules, regulations and standards, or contractual or other obligations relating to data privacy and security, could result in claims, changes to our business practices, penalties, increased cost of operations and could have a material adverse effect on our reputation, results of operations, financial condition and cash flows. Q4, 2023
Ferroglobe Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $725.76M | ― | -1.64% | 1.88% | 7.92% | 91.83% | |
52 Neutral | $967.98M | ― | -3.27% | ― | 178.66% | 82.83% | |
50 Neutral | $712.88M | ― | -40.17% | ― | 7.27% | 27.35% | |
48 Neutral | $841.68M | -5.70 | -16.00% | 1.22% | -16.89% | -403.77% |
* Basic Materials Sector Average
GSM
Ferroglobe
4.14
-0.14
-3.27%
CMP
Compass Minerals International
16.54
3.34
25.30%
UAMY
United States Antimony
7.06
6.40
969.70%
NEXA
Nexa Resources SA
5.31
-2.35
-30.68%
NB
NioCorp Developments
5.90
4.49
318.44%
CRML
Critical Metals Corp
10.07
3.25
47.65%
Ferroglobe Corporate Events
Ferroglobe Announces Q3 2025 Financial Results Amid Trade Case Progress
Nov 5, 2025
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.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.