Added to YB: 2025-01-03
Pitch date: 2024-11-17
EAF [bearish]
GrafTech International Ltd.
+69.81%
current return
Author Info
No bio for this author
Company Info
GrafTech International Ltd. manufactures graphite electrode products worldwide. The company offers graphite electrode products for the production of EAF steel and other ferrous, and non-ferrous metals; and petroleum needle coke products.
Market Cap
$172.2M
Pitch Price
$21.30
Price Target
0.34 (-95%)
Dividend
N/A
EV/EBITDA
-73.17
P/E
-0.79
EV/Sales
2.24
Sector
Electrical Equipment
Category
value
GrafTech International Ltd. - $EAF
EAF short: Graphite electrode maker overvalued at current price. Mid-cycle EBITDA $175-225M, 5x multiple implies 38-84% downside. Mgmt projects cash burn next 2yrs. China imports, EU energy issues, silicon anodes threaten. HEG investment likely passive. Risks: earnings overshoot, EU protectionism, M&A, battery demand.
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