Synalloy Corporation engages in metals and specialty chemicals businesses in the United States and internationally. The company operates in two segments, Metals and Specialty Chemicals. The company was founded in 1945 and is based in Richmond, Virginia.
SYNL Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Synalloy Corp. To summarize, we found that Synalloy Corp ranked in the 28th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 56.17%. In terms of the factors that were most noteworthy in this DCF analysis for SYNL, they are:
As a business, SYNL is generating more cash flow than only 8.94% of positive cash flow stocks in the Basic Materials.
24% of the company's capital comes from equity, which is greater than only 9.58% of stocks in our cash flow based forecasting set.
Synalloy Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -3.5. This coverage rate is greater than that of merely 13.84% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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Synalloy Corporation (SYNL) Q2 2020 Results Conference Call September 03, 2020 09:00 AM ET Company Participants Craig Bram - President and CEO Sally Cunningham - CFO Conference Call Participants Charles Gold - Truist Financial Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to the Synalloy's Second...
SA Transcripts on Seeking Alpha | September 3, 2020
RICHMOND, Va.--(BUSINESS WIRE)--Synalloy Corporation (Nasdaq: SYNL), today announced its results for the second quarter of 2020. On June 30, 2020, management and the Board of Directors committed to and approved a plan to pursue a sale and exit of its Palmer Tanks of Texas, Inc. business and is actively marketing the sale of the assets. During the second quarter of 2020, the Company realized operating losses of $1.9 million and non-cash, pre-tax charges totaling $6.1 million for asset impairment
RICHMOND, Va.--(BUSINESS WIRE)--Synalloy Corporation (Nasdaq: SYNL) plans to announce its second quarter 2020 earnings results in a press release that will be issued before the market opens on Thursday, September 3, 2020. Following the earnings release, Synalloy will conduct a conference call and webcast at 9:00 AM EDT to discuss the earnings results. Interested parties may listen to this discussion by calling 1 (877) 303-6648; Conference ID code 9546188. The conference call will be webcast liv
RICHMOND, Va.--(BUSINESS WIRE)--Synalloy Corporation (Nasdaq: SYNL) (the “Company”), announced today that, as expected, it received a standard notification letter dated August 20, 2020, from Nasdaq stating that, as a result of not having timely filed its quarterly report on Form 10-Q for the period ended June 30, 2020, the Company no longer complies with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission (the “S