A Business at a Glance
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TREDEGAR CORP
TG
$266M
Mkt Cap
$7.68
-0.78%
TREDEGAR CORP (TG) has a 5-year average return on invested capital (ROIC) of 6.5%. This is below average and may indicate limited pricing power.
TREDEGAR CORP (TG) has a market capitalization of $267M. It is classified as a small-cap stock.
TREDEGAR CORP (TG) does not currently pay a regular dividend.
TREDEGAR CORP (TG) operates in the Rolling Drawing & Extruding Of Nonferrous Metals industry, within the Materials sector.
TREDEGAR CORP (TG) reported annual revenue of $597 million in its most recent fiscal year, based on SEC EDGAR filings.
TREDEGAR CORP (TG) has a net profit margin of -10.8%. The company is currently unprofitable.
TREDEGAR CORP (TG) generated $11 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Description of Business Tredegar Corporation is engaged, through its subsidiaries, in the manufacture of aluminum extrusions and polyethylene and polypropylene (“PE”) plastic films. Unless the context requires otherwise, all references herein to “Tredegar,” “the Company,” “we,” “us” or “our” are to Tredegar Corporation and its consolidated subsidiaries. The Company's reportable business segments are Aluminum Extrusions and PE Films. On November 1, 2024, the Company completed the sale of its flexible packaging films business (also referred to as “Terphane”) headquartered in Brazil to Oben Group (“Oben”). Commencing in the fourth quarter of 2024, all historical results for Terphane have been presented as discontinued operations. For more information on this transaction, see Note 16. “Divestitures” to the Consolidated Financial Statements included in Item 15. “Exhibits and Financial Statement Schedules” of this Form 10-K (“Item 15”).
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 597M | 571M | 940M | 847M | 688M |
| Net Income | 33M | -65M | -106M | 28M | 58M | -75M |
| EPS | $0.96 | $-1.86 | $-3.05 | $0.83 | $1.72 | $-2.26 |
| Free Cash Flow | 16M | 11M | -2.5M | -58M | 43M | 51M |
| ROIC | 13.3% | -26.7% | -2.5% | 10.3% | 22.4% | 29.1% |
| Gross Margin | - | - | - | - | - | 18.8% |
| Debt/Equity | 0.16 | 0.34 | 0.81 | 0.68 | 0.40 | 1.23 |
| Dividends/Share | $0.00 | - | $0.26 | $0.49 | $0.48 | $6.47 |
| Operating Income | 9.4M | -66M | -6.7M | 38M | -20M | 67M |
| Operating Margin | 0.0% | -11.0% | -1.2% | 4.0% | -2.4% | 9.8% |
| ROE | 15.5% | -38.4% | -68.0% | 14.1% | 31.3% | -69.2% |
| Shares Outstanding | 35M | 35M | 35M | 34M | 34M | 33M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 961M | 945M | 876M | 831M | 1.0B | 1.1B | 855M | 688M | 847M | 940M | 571M | 597M | 0 |
| Gross Margin | 18.4% | 17.7% | 17.2% | 19.5% | 24.2% | N/A | 25.0% | 18.8% | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 79M |
| EBIT | 1.8M | -6.7M | -20M | 2.4M | -52M | -30M | -28M | 67M | -20M | 38M | -6.7M | -66M | 9.4M |
| Op. Margin | 0.2% | -0.7% | -2.3% | 0.3% | -5.1% | -2.8% | -3.3% | 9.8% | -2.4% | 4.0% | -1.2% | -11.0% | 0.0% |
| Net Income | 22M | 37M | -32M | 24M | 38M | 25M | 48M | -75M | 58M | 28M | -106M | -65M | 33M |
| Net Margin | 2.3% | 3.9% | -3.7% | 2.9% | 3.8% | 2.3% | 5.6% | -11.0% | 6.8% | 3.0% | -18.5% | -10.8% | 0.0% |
| Non-Recurring | 0 | 0 | 44M | 0 | 0 | 47M | 0 | 14M | 0 | 0 | 35M | 13M | 13M |
| Returns on Capital | |||||||||||||
| ROIC | 4.1% | 7.2% | -8.5% | 6.0% | 7.7% | 5.4% | 11.5% | 29.1% | 22.4% | 10.3% | -2.5% | -26.7% | 13.3% |
| ROE | 5.5% | 9.9% | -11.8% | 7.9% | 11.1% | 7.0% | 12.8% | -69.2% | 31.3% | 14.1% | -68.0% | -38.4% | 15.5% |
| ROA | 2.8% | 4.7% | -5.2% | 3.8% | 5.1% | 3.5% | 6.8% | -14.7% | 11.0% | 5.2% | -23.7% | -16.1% | 9.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 77M | 51M | 74M | 49M | 88M | 98M | 116M | 74M | 71M | -21M | 24M | 26M | 33M |
| Free Cash Flow | -2.9M | 6.3M | 41M | 3.4M | 44M | 57M | 65M | 51M | 43M | -58M | -2.5M | 11M | 16M |
| Owner Earnings | 39M | 16M | 43M | 20M | 54M | 68M | 84M | 40M | 43M | -48M | -3.8M | -671K | -345M |
| CapEx | 80M | 45M | 33M | 45M | 44M | 41M | 51M | 23M | 27M | 37M | 26M | 14M | 17M |
| Maint. CapEx | 38M | 35M | 31M | 28M | 34M | 30M | 31M | 29M | 22M | 24M | 26M | 24M | 376M |
| Growth CapEx | 42M | 9.5M | 1.9M | 17M | 10M | 11M | 20M | 0 | 5.3M | 13M | 660K | 0 | 0 |
| D&A | 38M | 35M | 31M | 28M | 34M | 30M | 31M | 29M | 22M | 24M | 26M | 24M | 376M |
| CapEx/OCF | 103.8% | 87.6% | 44.2% | 93.0% | 50.3% | 41.7% | 43.9% | 31.4% | 38.8% | N/A | 110.2% | 56.2% | 52.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 9.0M | 11M | 14M | 14M | 15M | 15M | 15M | 216M | 16M | 17M | 8.9M | 0 | 0 |
| Dividend Yield | 2.0% | 2.9% | 4.2% | 4.6% | 4.2% | 3.7% | 4.2% | 61.2% | 3.8% | 4.8% | 3.5% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 328K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.1% | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | 854K | 5.4M | 5.2M | 3.6M | 2.0M | 2.5M | 1.8M |
| Debt Repayment | 76M | 118M | 140M | 106M | 134M | 127M | 125M | 162M | 76M | 314M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 86M | 87M | 60M | 65M | 116M | 67M | 11M | 122M | 42M | 118M | 117M | 55M | 28M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.7M |
| Long-Term Debt | 139M | 137M | 104M | 95M | 152M | 102M | 42M | 134M | 73M | 137M | 0 | 61M | 35M |
| Debt/Equity | 0.35 | 0.37 | 0.38 | 0.31 | 0.44 | 0.29 | 0.11 | 1.23 | 0.40 | 0.68 | 0.81 | 0.34 | 0.16 |
| Interest Coverage | 0.6 | -2.5 | -5.7 | 0.6 | -8.4 | -5.3 | -7.0 | 26.0 | -6.0 | 7.6 | -1.1 | -14.1 | -14.1 |
| Equity | 403M | 372M | 273M | 311M | 344M | 355M | 377M | 109M | 185M | 202M | 156M | 181M | 217M |
| Total Assets | 793M | 789M | 623M | 651M | 756M | 707M | 713M | 515M | 524M | 542M | 446M | 356M | 371M |
| Total Liabilities | 390M | 417M | 351M | 340M | 412M | 353M | 336M | 406M | 339M | 340M | 291M | 175M | 155M |
| Intangibles | 453M | 430M | 306M | 151M | 169M | 118M | 104M | 87M | 85M | 82M | 45M | 30M | 5.6M |
| Retained Earnings | 474M | 499M | 453M | 464M | 487M | 498M | 530M | 239M | 281M | 293M | 178M | 113M | 147M |
| Working Capital | 109M | 130M | 93M | 88M | 133M | 114M | 81M | 48M | 68M | 93M | -72M | 48M | 65M |
| Current Assets | 235M | 256M | 211M | 208M | 284M | 269M | 233M | 188M | 236M | 243M | 177M | 140M | 169M |
| Current Liabilities | 125M | 126M | 118M | 120M | 151M | 155M | 152M | 141M | 169M | 150M | 249M | 92M | 104M |
| Per Share Data | |||||||||||||
| EPS | 0.67 | 1.13 | -0.99 | 0.75 | 1.16 | 0.75 | 1.45 | -2.26 | 1.72 | 0.83 | -3.05 | -1.86 | 0.96 |
| Owner EPS | 1.18 | 0.48 | 1.34 | 0.62 | 1.64 | 2.05 | 2.53 | 1.20 | 1.29 | -1.40 | -0.11 | -0.02 | -9.94 |
| Book Value | 12.29 | 11.40 | 8.40 | 9.53 | 10.43 | 10.71 | 11.32 | 3.27 | 5.49 | 5.86 | 4.49 | 5.22 | 6.23 |
| Cash Flow/Share | 2.34 | 1.57 | 2.29 | 1.50 | 2.68 | 2.95 | 3.48 | 2.23 | 2.10 | -0.61 | 0.69 | 0.74 | 11.80 |
| Dividends/Share | 0.28 | 0.34 | 0.42 | 0.44 | 0.44 | 0.44 | 0.46 | 6.47 | 0.48 | 0.49 | 0.26 | N/A | 0.00 |
| Shares Out. | 32.8M | 32.6M | 32.5M | 32.6M | 33.0M | 33.1M | 33.3M | 33.4M | 33.6M | 34.4M | 34.7M | 34.7M | 34.7M |
| Valuation | |||||||||||||
| P/E Ratio | 22.6 | 10.6 | N/A | 18.2 | 9.8 | 12.7 | 9.3 | N/A | 6.3 | 11.7 | N/A | N/A | 8.0 |
| P/FCF | N/A | 61.8 | 6.4 | 130.6 | 8.6 | 5.6 | 6.9 | 9.6 | 8.5 | N/A | N/A | 23.9 | 17.0 |
| EV/EBIT | 327.5 | N/A | N/A | 214.8 | N/A | N/A | N/A | 9.1 | N/A | 11.9 | N/A | N/A | 31.4 |
| Price/Book | 1.2 | 1.1 | 1.0 | 1.4 | 1.1 | 0.9 | 1.2 | 4.5 | 2.0 | 1.6 | 1.2 | 1.5 | 1.2 |
| Price/Sales | 0.5 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | N/A |
| FCF Yield | -0.6% | 1.6% | 15.6% | 0.8% | 11.7% | 18.0% | 14.5% | 10.4% | 11.8% | -17.4% | -1.3% | 4.2% | 5.9% |
| Market Cap | 495M | 392M | 265M | 446M | 376M | 317M | 447M | 492M | 366M | 332M | 192M | 266M | 267M |
| Avg. Price | 13.79 | 11.58 | 10.06 | 9.65 | 10.48 | 11.81 | 10.94 | 10.57 | 12.66 | 10.38 | 7.34 | 6.04 | 7.68 |
| Year-End Price | 15.12 | 12.01 | 8.17 | 13.67 | 11.41 | 9.56 | 13.43 | 14.74 | 10.88 | 9.63 | 5.53 | 7.68 | 7.68 |
TREDEGAR CORP passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 12.9x vs a median of 8.5x. The company's 5-year average ROIC is 6.5% with a gross margin of 18.8%. At current prices, the estimated annualized return to fair value is -32.3%.
TREDEGAR CORP (TG) has a debt-to-equity ratio of 0.34. This indicates a conservatively financed balance sheet.
TREDEGAR CORP (TG) reported earnings per share (EPS) of $-1.86 in its most recent fiscal year.
TREDEGAR CORP (TG) has a return on equity (ROE) of -38.4%. A negative ROE may indicate losses or negative equity.
TREDEGAR CORP (TG) has a 5-year average gross margin of 18.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for TREDEGAR CORP (TG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TREDEGAR CORP (TG) has a book value per share of $5.22, based on its most recent annual SEC filing.
No recent press releases.