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Ferroglobe PLCGSMCompetitor analysis, valuation and peers

United States · USD·Materials›Other Metals/Minerals
Momentum laggard 6
Mkt cap
$477M
US dollars, full cap
Free float
63%
of shares outstanding
$/day
$5.66M
20-day average traded
Fwd P/E
4.5×
forward earnings
ROIC−WACC
-8.8 pp
WACC 9.2%
Hurdle
n/a
no reverse DCF
Next earnings
110 days
24 Feb 2027
Close · USD$2.56
1D+1.0%
1W-33.8%
1M-39.0%
3M-44.8%
6M-37.3%
YTD-44.9%
1Y-43.4%
ATR %9.9%
Beta1.27
52w lowhigh54.9% off high

What Ferroglobe does

Employees: 2,920

Ferroglobe at a glance

Size Ferroglobe (GSM) is a United States Materials company (Other Metals/Minerals) with a market value of $477M, the 2732nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $2.56 on 6 Nov 2026.

Performance Over six months the shares fell 37.3%, against -33.8% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.

Growth Revenue grew 3.8% over the last twelve months (peer median +3.6%); the operating margin is 0.3% (peer median 10.3%).

Valuation It trades at 4.5× forward earnings against a peer median of 11.6× (2nd cheapest of 11).

Capital Return on invested capital runs 8.8 points below its cost of capital (9.2% WACC).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010012011 May 202611 Aug 20266 Nov 2026Peer median 65GSM 64
Six months, rebased to 100: Ferroglobe against the median of its 20 peers (local-currency closes).

Ferroglobe financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.43B$1.34B$1.64B$1.65B$2.60B
Revenue growth—-19%0%-36%—
Gross profit$220M$46.0M$261M$391M$916M
EBITDA$80.1M-$31.0M$157M$296M$652M
Net income$30.3M-$171M$23.5M$82.7M$440M
Free cash flow-$14.8M-$19.2M$144M$56.2M$294M
Capital expenditure$62.0M$63.3M$79.2M$86.5M$53.3M
Total debt$223M$269M$209M$307M$542M

Quarterly statements and history in the cockpit →

Ferroglobe competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%-20%0%ECORLIN002593002066MOILLXFR99363833DYL600382ELVIPICXO3000560013965009PMET001296CAMLNICUGSM6-month return →1-month return →
Up and to the right = strong over both horizons. Ferroglobe is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%20×40×ECOR002066MOILLXFR9936ELVIPICAMLGSMRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Ferroglobe is the large dot.

Ferroglobe competitors and peer comparison

How Ferroglobe compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Ferroglobe against its 20 peers (data as of 6 Nov 2026)
MeasureGSMPeer medianRank in peer set
1-month return-39.0%-13.1%lowest of 21
6-month return-37.3%-33.8%9th lowest of 21
Distance from 52-week high-54.9%-48.0%7th lowest of 21
Revenue growth (TTM)+3.8%+3.6%9th highest of 17
Operating margin0.3%10.3%6th lowest of 18
Forward P/E4.5×11.6×2nd cheapest of 11
ROIC minus cost of capital-8.8 pp-5.3 pp8th lowest of 21
EV / EBITDA7.6×7.5×4th most expensive of 8
Net debt / EBITDA1.6×1.0×2nd most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Ferroglobe GSMUnited States$477M-37%+4%0%4.5×n/an/a
Ecora Royalties ECOR.LUnited Kingdom$475M-4%+168%48%12.1×11.0%+4.5%
Lindian Resources LIN.AXAustralia$481M-50%n/an/an/an/an/a
Xiamen Sunrise 002593.SZChina$485M-25%+5%8%n/a-7.2%+4.1%
Ruitai Materials Technology 002066.SZChina$489M-40%-1%-4%40.9×n/an/a
Moil MOIL.NSIndia$465M-32%+3%19%10.6×n/an/a
Luxfer LXFRUnited States$463M+11%-9%10%16.6×9.1%+3.4%
Ximei Resources 9936.HKHong Kong$461M-40%+52%14%9.3×n/an/a
Xinjiang Xinxin Mining Industry 3833.HKHong Kong$457M-39%+20%17%n/an/an/a
Deep Yellow DYL.AXAustralia$510M-57%n/an/an/an/an/a
Guangdong Mingzhu 600382.SSChina$512M-36%-6%18%n/a-4.3%-9.4%
Elevra Lithium ELV.AXAustralia$445M-74%-8%-34%29.4×n/an/a
Intrepid Potash IPIUnited States$443M-13%+5%6%11.8×9.9%+8.7%
Core Lithium CXO.AXAustralia$516M-35%n/a-160%7.8×n/an/a
Xiamen Zhongchuang Environmental Technology 300056.SZChina$434M-32%-12%-41%n/an/an/a
Shanghai Re.fine Environment Sci-tech 001396.SZChina$433M-42%+4%12%n/a27.1%+10.6%
Gloria Material Technology 5009.TWOTaiwan$527M-15%+3%10%11.3×n/an/a
PMET Resources PMET.TOCanada$431M-56%n/an/an/an/an/a
Chongqing Changjiang River Moulding Material (Group) 001296.SZChina$430M-16%-1%7%n/a14.0%+4.2%
Central Asia Metals CAML.LUnited Kingdom$430M-17%+23%39%4.3×-9.5%+6.9%
Magna Mining NICU.TOCanada$429M-15%+299%-34%n/an/an/a

Questions

Which companies are Ferroglobe's closest peers?
The cockpit's peer set: Ecora Royalties (ECOR.L), Lindian Resources (LIN.AX), Xiamen Sunrise (002593.SZ), Ruitai Materials Technology (002066.SZ), Moil (MOIL.NS), Luxfer (LXFR), Ximei Resources (9936.HK), Xinjiang Xinxin Mining Industry (3833.HK).
Is Ferroglobe expensive compared with its peers?
On forward p/e it trades at 4.5× against a peer median of 11.6×, 2nd cheapest of 11 in its peer set.
How has Ferroglobe stock performed?
Over six months to 6 Nov 2026 the shares returned -37.3% against -33.8% for the median peer; over one year -43.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.