Added to YB: 2025-06-23
Pitch date: 2025-06-20
FRD [neutral]
Friedman Industries, Incorporated
+22.7%
current return
Author Info
Buggy Whip Bargains has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Opinions expressed here are not recommendations or advice. Do your own research. Sign up for the newsletter.
Company Info
Friedman Industries, Incorporated engages in the manufacture and processing of steel products in the United States.
Market Cap
$160.9M
Pitch Price
$16.63
Price Target
N/A
Dividend
0.71%
EV/EBITDA
14.66
P/E
13.88
EV/Sales
0.49
Sector
Metals and Mining
Category
turnaround
The Deep Value Week – 2025/24 - Friedman Industries, Incorporated
FRD (earnings update): Q4 recovery w/ record sales volume (+28% Q/Q) at $129.2m & $5.3m net earnings. FY25 profit $6.1m on $444.6m sales (vs $17.3m FY24) due to lower steel prices, offset by Q4's 35% price rebound & $7.6m hedging gains. Solid 500k tons volume despite headwinds. $128.1m working capital, Sinton facility at full capacity.
Read full article (1 min)