Ferroglobe: Still Strong Despite Slowdown In Europe

Nov. 16, 2022 3:03 PM ETFerroglobe PLC (GSM)17 Comments
CashFlow Hunter profile picture
CashFlow Hunter


  • Third Best Adjusted EBITDA quarter ever and 5x higher than last year.
  • Positive Cash Flow despite continued working capital build.
  • Still insanely cheap on every metric.
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The Quarter

Ferroglobe (NASDAQ:GSM) reported a solid operational quarter despite a marked slowdown from European customers, which was well-publicized and telegraphed as the third quarter progressed. Power costs are just too high for many European steel and aluminum producers. I had heard

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CashFlow Hunter profile picture
Cash flow focused investor comfortable across the capital structure. Prefer to find undervalued steady cash flow generators on the long side and declining cash flow situations with unsustainable balance sheets on the short side.

Disclosure: I/we have a beneficial long position in the shares of GSM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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