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Ferroglobe PLC

GSM Basic Materials Other Industrial Metals & Mining

Ferroglobe PLC’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, down 18.8% from fiscal 2024.

Revenue
+18.6%
EPS
+541.9%
Free cash flow
+241.0%
Total debt
+112.7%

Quarter to September 2026, against a year earlier

2.55 0.38 −12.97%
Market cap
$472.8M
P/E
16.0×
Fwd P/E
13.5×
Dividend yield
2.31%
F-score
2/9
Altman Z
n/a
Beneish M
−3.12
Dividend safety
8/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.20
Sold, $m 0.14
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 2 — — — — — — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 37.28%

Capital & Financial Ratios $m

Size
Market Cap 472.76
Revenue ttm 1,425.51
Net income ttm 25.66
Free cash flow ttm (8.99)
Net debt Q 66.68
Valuation
P/E 16.01
Forward P/E 13.50
Price / sales 0.34
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.69
Financial health
Current ratio Q 1.34
Debt / equity Q 0.20 (at or below 0.5: strong)
Interest coverage Q 11.10
Growth
Revenue growth Q +18.63% (above 0%: growing)
Operating income growth Q +3,005.94% (above 0%: growing)
EPS, this year +87.18% (at or above 15%: strong)
EPS, next year A +1,500.00% (at or above 15%: strong)
Revenue, next year A +12.80% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +24.78% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.4×, against a ten-year median of 0.6×; over the ten years it ranged from 0.2× in 2019 to 2.0× in 2021.
P/E against its own 10 years 70.81%
10-year low 10-year high
P/S against its own 10 years 22.74%
10-year low 10-year high
P/B against its own 10 years 19.40%
10-year low 10-year high
EV/Sales against its own 10 years 23.03%
10-year low 10-year high

Dividends raised 2 years running

Yield
2.31%
Annual rate
0.06
Payout ratio
37.2%
Growth, 2016–25
−19.6%/yr
  1. 0.40 ’16
  2. 0.00 ’17 −100
  3. 0.12 ’18
  4. 0.00 ’19 −100
  5. 0.00 ’20
  6. 0.00 ’21
  7. 0.00 ’22
  8. 0.05 ’24
  9. 0.06 ’25 +8
  10. 0.06 ’26e +7
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 138 133 123 93
Receivables 329 280 272 301
Inventory 384 347 306 298
Other 186 58 33 29
1,037 818 734 721
2023 2024 2025 Q'26
Payables 183 158 — 233
ST’ Debt 37 53 106 120
Other 251 211 175 160
494 449 441 537

Compound Annual Growth %

10y 5y 3y
Sales 0.14% 3.13% (19.90%)
Cash Flow (9.87%) (19.71%) (49.73%)
Earnings 0.00% 0.00% 0.00%
Book Value (6.07%) 13.61% (2.93%)

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate −0.03 Actual −0.06

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 −0.07 −0.06 Beat by 0.01
Mar 2026 −0.07 −0.07 Met by 0.00
Jun 2026 −0.07 0.00 Beat by 0.07
Sep 2026 −0.03 −0.06 Miss by 0.03
Dec 2026 0.03 — Reports 16 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.04) 0.32 0.31 — —
’25 (0.36) (0.06) (0.07) (0.43) (0.91)
’24 (0.01) 0.18 0.10 (0.16) 0.11
’23 0.11 0.17 0.21 (0.03) 0.46
’22 0.80 0.98 0.52 0.04 2.43
’21 (0.40) 0.01 (0.54) 0.35 (0.63)
’20 (0.28) (0.40) (0.28) (0.49) (1.46)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 348 379 370 — —
’25 307 387 312 329 1,335
’24 392 451 434 368 1,644
’23 401 456 417 376 1,650
’22 715 841 593 449 2,598
’21 361 419 429 570 1,779
’20 311 780 263 (209) 1,144
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) 37 26 — —
’25 19 16 21 (4) 51
’24 198 2 11 32 243
’23 135 24 (9) 29 178
’22 66 165 55 119 405
’21 18 (7) (35) 22 (1)
’20 90 (51) 113 4 154
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (16) 20 6 — —
’25 5 0 2 (19) (12)
’24 180 (20) (10) 14 164
’23 117 0 (28) 3 92
’22 57 151 39 105 352
’21 9 (47) (43) 11 (29)
’20 85 (52) 99 (11) 121
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,576 1,742 2,242 1,615 1,144 1,779 2,598 1,650 1,644 1,335 1,426 (1.8%) 1,506 1,819 1,773 +9.9%
Gross margin, % 33.80 40.09 35.47 24.82 27.00 33.39 50.53 46.71 37.52 30.08 38.88 (3.7) pt
EBT (405) (21) 36 (412) (222) (120) 592 156 37 (175) 19 (8.9%)
EBT margin, % (25.72) (1.19) 1.59 (25.50) (19.43) (6.74) 22.78 9.46 2.25 (13.08) 1.36 +12.6 pt
Net income (359) (6) 25 (286) (250) (115) 444 98 21 (177) 26 (7.5%)
Per share, $
Per share, $ Revenue 9.17 10.13 13.08 9.55 6.76 10.08 13.83 8.78 8.74 7.09 7.57 (2.8%)
Earnings (2.09) 0.15 0.25 (1.67) (1.46) (0.63) 2.45 0.46 0.11 (0.91) 0.16 (8.8%)
Cash flow 0.71 0.87 0.68 (0.18) 0.91 (0.01) 2.16 0.95 1.29 0.27 0.28 (10.0%)
Capex (0.44) (0.44) (0.56) (0.19) (0.19) (0.16) (0.28) (0.46) (0.42) (0.34) (0.33) (3.0%)
Free cash flow 0.26 0.44 0.12 (0.38) 0.72 (0.16) 1.87 0.49 0.87 (0.06) (0.05) n/m
Book value 5.19 5.45 5.16 3.56 2.16 1.81 4.03 4.63 4.43 3.68 4.15 (3.8%)
Shares, m 172 172 171 169 169 177 188 188 188 188 188 +1.0%
Valuation, ×
Valuation, × P/E 0.00 0.00 3.12 0.00 0.00 0.00 1.49 13.85 33.28 0.00 16.01 5.2
P/S 1.01 1.62 0.12 0.10 0.24 0.62 0.26 0.74 0.43 0.65 0.34 0.6
P/B 1.78 3.01 0.29 0.33 0.76 3.43 0.91 1.41 0.86 1.26 0.69 1.4
EV/Sales 1.00 1.75 0.24 0.35 0.46 0.82 0.30 0.78 0.43 0.69 0.38 0.7
EV/FCF 34.92 40.76 26.83 (8.31) 4.36 (20.11) 2.51 14.14 4.31 (77.75) (60.83) 2.2
Cash, $m
Cash, $m Operating cash flow 121 150 117 (31) 154 (1) 405 178 243 51 53 (9.1%)
Capex (76) (75) (97) (33) (33) (28) (53) (86) (79) (63) (62) (2.0%)
Free cash flow 45 75 20 (64) 121 (29) 352 92 164 (12) (9) n/m
Balance, $m
Balance, $m Working capital 235 241 384 421 224 151 608 543 369 292 184 +2.5%
Net debt 227 233 266 399 250 368 100 64 (8) 146 67 (4.8%)
Shareholders’ equity 892 938 884 602 366 320 757 870 834 692 781 (2.8%)
Returns, %
Returns, % ROA (15.35) (0.03) 2.12 (14.55) (15.99) (7.71) 25.30 4.45 1.46 (11.82) 1.94 +3.5 pt
ROIC (20.84) 2.12 5.38 (22.20) (18.72) 2.85 48.16 13.18 2.89 (9.95) 1.69 +10.9 pt
ROE (65.47) (0.07) 5.12 (44.82) (57.98) (32.26) 81.78 10.16 2.76 (22.36) 0.00 +43.1 pt
People
People Employees 4,018 3,775 4,368 3,462 3,270 3,425 3,265 3,403 3,283 2,920 — (3.5%)
Revenue/emp, $m 0.39 0.46 0.51 0.47 0.35 0.52 0.80 0.48 0.50 0.46 — +1.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Ferroglobe PLC vs peers in Other Industrial Metals & Mining (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LAC Lithium Americas Corp. $665.8M — (loss-making) — — n/m −26.94% (below 0%: shrinking) 0.00% 0.00% Compare
LAR Lithium Americas (Argentina) Corp. $656.9M — (loss-making) — (loss-making) +7.75% (above 0%: growing) n/m +17.86% (above 0%: growing) 0.00% 0.00% Compare
SGML Sigma Lithium Corporation $602.3M — (loss-making) 25.5× +223.90% (above 0%: growing) n/m +405.47% (above 0%: growing) 59.98% 13.84% Compare
IPX IperionX Limited Sponsored ADR $515.1M — (loss-making) — — n/m −157.46% (below 0%: shrinking) 0.00% — Compare
GSM Ferroglobe PLC $472.8M 16.0× 13.5× +18.63% (above 0%: growing) n/m +241.02% (above 0%: growing) 48.30% 15.74%
ELVR Elevra Lithium Limited - Sponsored ADR $467.8M — — — — — — — Compare
ALOY REalloys Inc. $408.3M — (loss-making) — (loss-making) +82.73% (above 0%: growing) n/m −4,222.78% (below 0%: shrinking) 59.08% (4,577.61%) Compare
NB NioCorp Developments Ltd. $394.5M — (loss-making) — — n/m −26.61% (below 0%: shrinking) 0.00% 0.00% Compare
UAMY United States Antimony Corporation $387.6M — (loss-making) — (loss-making) −24.70% (below 0%: shrinking) −46.67% (below 0%: shrinking) −163.88% (below 0%: shrinking) 7.36% (88.08%) Compare
Median of peers $491.4M — — +45.24% — −26.94% 0.00% 0.00%

All 56 Other Industrial Metals & Mining stocks →

Ferroglobe PLC (GSM) Latest News

4 Nov

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat transcript

3 Nov

Impact 4 · · GlobeNewswire

22 Sep

Impact 3 · · GuruFocus.com

1 Sep

Impact 3 ·

27 Aug

Impact 4 · · MarketBeat
Impact 3 · · Insider MonkeyBankrateBankrateBankrateBankrate

5 Aug

Impact 4 · · Moby transcript
Impact 4 · · GlobeNewswire
Impact 3 · · MarketBeat transcript

4 Aug

Impact 3 ·

7 May

Impact 4 · · The Motley Fool transcript

6 May

Impact 4 · · MarketBeat
Impact 4 · · Moby

5 May

Impact 4 · · GlobeNewswire

4 Mar

Impact 3 · · The Motley Fool

18 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat

17 Feb

Impact 4 · · GlobeNewswire

9 Jan

Impact 4 · · Zacks

5 Nov

Impact 4 · · GlobeNewswire

15 Oct

Impact 4 · · Simply Wall St.

1 Oct

Impact 4 · · PR Newswire

24 Aug

Impact 4 ·

25 Jul

Impact 3 · · Simply Wall St.

30 Jun

Impact 4 ·

23 May

Impact 3 · · Simply Wall St.

10 May

Impact 3 · · Simply Wall St.
stockrow.com/GSM · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com