Critical Comparison: Synalloy Corporation (SYNL) vs. Its Competitors
Synalloy Corporation (NASDAQ: SYNL) is one of 28 publicly-traded companies in the “Steel” industry, but how does it weigh in compared to its peers? We will compare Synalloy Corporation to related companies based on the strength of its institutional ownership, valuation, earnings, analyst recommendations, dividends, risk and profitability.
Earnings & Valuation
This table compares Synalloy Corporation and its peers top-line revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Synalloy Corporation||$161.06 million||$7.35 million||-49.65|
|Synalloy Corporation Competitors||$7.78 billion||$1.01 billion||38.91|
Synalloy Corporation’s peers have higher revenue and earnings than Synalloy Corporation. Synalloy Corporation is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
This is a summary of current ratings and recommmendations for Synalloy Corporation and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Synalloy Corporation Competitors||290||846||964||30||2.34|
As a group, “Steel” companies have a potential upside of 8.16%. Given Synalloy Corporation’s peers higher possible upside, analysts clearly believe Synalloy Corporation has less favorable growth aspects than its peers.
Institutional and Insider Ownership
47.6% of Synalloy Corporation shares are owned by institutional investors. Comparatively, 58.0% of shares of all “Steel” companies are owned by institutional investors. 10.6% of Synalloy Corporation shares are owned by company insiders. Comparatively, 7.6% of shares of all “Steel” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Volatility & Risk
Synalloy Corporation has a beta of 0.14, indicating that its stock price is 86% less volatile than the S&P 500. Comparatively, Synalloy Corporation’s peers have a beta of 1.37, indicating that their average stock price is 37% more volatile than the S&P 500.
This table compares Synalloy Corporation and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Synalloy Corporation Competitors||-986.96%||0.98%||1.23%|
Synalloy Corporation pays an annual dividend of $0.13 per share and has a dividend yield of 0.9%. Synalloy Corporation pays out -44.8% of its earnings in the form of a dividend. As a group, “Steel” companies pay a dividend yield of 2.0% and pay out 65.2% of their earnings in the form of a dividend.
Synalloy Corporation peers beat Synalloy Corporation on 8 of the 12 factors compared.
Synalloy Corporation Company Profile
Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc., which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc. (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc. (Specialty), located in Mineral Ridge, Ohio and Houston, Texas. The Company’s Metals Segment manufactures stainless steel, other alloy pipe, storage solutions and separation equipment. The Company’s Specialty Chemicals segment consists of the Company’s subsidiary, Manufacturers Soap and Chemical Company (MS&C). The Specialty Chemicals Segment manufactures lubricants, surfactants, reaction intermediaries, sulfated fats and oils, and chemical tolling manufacturing resources.
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