GSM
Ferroglobe PLC
GSM lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
GSM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Weak |
GSM's revenue is currently stable, but its profitability, cash flow and balance sheet are under pressure.
GSM PE Valuation
GSM has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 5.4x next year's earnings.
GSM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect GSM to return to profit, with revenue growing. However, they disagree widely on these estimates.
GSM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.57 | — |
| Q2 2026 | -$0.22 | +$0.35 |
| Q1 2026 | -$0.59 | +$0.28 |
| Q4 2025 | -$0.91 | -$0.39 |
| Q3 2025 | -$0.73 | -$0.43 |
| Q2 2025 | -$0.57 | -$0.38 |
| Q1 2025 | -$0.87 | -356% |
| Q4 2024 | -$0.52 | -213% |
| Q3 2022 | $2.65 | +$4.07 |
GSM is still losing money, but far less than before: $0.22 per share over the past year, against $1.79 at its worst in early 2020.
GSM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $378.6M | -2.1% |
| Q1 2026 | $347.7M | +13% |
| Q4 2025 | $329.4M | -10% |
| Q3 2025 | $311.7M | -28% |
| Q2 2025 | $386.9M | +26% |
| Q1 2025 | $307.2M | -22% |
| Q4 2024 | $367.5M | -2.2% |
| Q3 2024 | $433.5M | +4% |
GSM's revenue has slid since its 2022 peak: $379M last quarter, down 2.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 15% | +13 points |
| Q1 2026 | -8.1% | +10 points |
| Q4 2025 | -46% | -32 points |
| Q3 2025 | -0.6% | -10 points |
| Q2 2025 | 2.3% | +20 points |
| Q1 2025 | -18% | -19 points |
| Q4 2024 | -13% | -17 points |
| Q3 2024 | 9.4% | -8.7 points |
GSM's operating margin was 15% last quarter, up 13 points from the same quarter a year ago.
GSM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $18.6M | +$20.3M |
| Q1 2026 | -$17.7M | -449% |
| Q4 2025 | -$20M | -233% |
| Q3 2025 | $578K | +$10.6M |
| Q2 2025 | -$1.8M | +$18.1M |
| Q1 2025 | $5.1M | -97% |
| Q4 2024 | $15M | +368% |
| Q3 2024 | -$10M | +$18.1M |
GSM's free cash flow was −$19M over the past year, against $8M the year before.
GSM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +382K shares |
| 1 year | +0.3% | +526K shares |
| 3 years | -0.8% | -1.5M shares |
| 5 years | +11% | +19.4M shares |
| Available history | +12% | +19.5M shares |
GSM has 189M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $20,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $2M |
| Q1 2025 | $2.7M |
| Q4 2024 | $1.9M |
| Q3 2024 | $492,000 |
GSM has spent almost nothing on buybacks in the past year.
GSM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 23.0x | High |
| Q2 2025 | 0.5x | Very low |
| Q4 2024 | 3.2x | Elevated |
| Q3 2024 | 0.4x | Very low |
| Q2 2024 | -0.1x | Net Cash |
| Q1 2024 | -0.2x | Net Cash |
| Q4 2023 | 0.8x | Very low |
| Q3 2023 | 0.5x | Very low |
GSM's net debt is more than 20 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
GSM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.4 | Neutral |
| Stochastic | 24.5 | Neutral |
GSM's weekly RSI is 39 (neutral) and its Stochastic is 25 (neutral).
GSM PE vs Basic Materials Sector
| Metric | GSM | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 19x | — |
GSM has no meaningful PE right now: it lost money over the past year.
GSM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.76 | 19% below |
| 20 week MA | $3.83 | 20% below |
| 50 week MA | $4.23 | 28% below |
| 100 week MA | $4.13 | 26% below |
| 200 week MA | $4.55 | 33% below |
GSM is in a downtrend: it's below all five of its weekly moving averages, and 33% below its 200-week average.
GSM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.93 | $1.54 | +66% |
| 2021 | $1.54 | $6.44 | +318% |
| 2022 | $6.44 | $3.90 | -39% |
| 2023 | $3.90 | $6.51 | +67% |
| 2024 | $6.51 | $3.78 | -42% |
| 2025 | $3.78 | $4.72 | +25% |
| 2026 YTD | $4.72 | $3.05 | -35% |
GSM's yearly returns have swung widely, from +318% in 2021 to −42% in 2024. It's down 35% so far in 2026.