GSMFerroglobe PLC
Is it safe?
Caution warranted: heavy debt (CCC) and big price swings.
Debt against weak or negative operating profit. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -98% · now 24% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can GSM take a bad year?
The deepest fall in GSM's price history on file is −98%; it is 24% below its high today.
Net debt · as at FY2025 · debt less the cash on hand, with no positive EBITDA to service it
- Cash runway
- 5+ years
Cash runway · burning $2.6M a quarter at the current rate
- Annualised volatility
- 54%
Annualised volatility · roughly twice as jumpy as the market
- Worst drawdown on file
- −98%
Worst drawdown on file · −24% today
Details›
- Total debtFY2025
- $140M
- Cash and short-term investments
- $134M
- Net debt
- $6.1M
- EBITDA, trailing twelve months
- −$50M
- Operating profit, trailing twelve months
- −$133M
- Debt / equity
- 0.23×
- Annualised volatilitytwo years of daily moves
- 54%
- Worst drawdown on file
- −98%
- Below its 52-week high
- 24%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.