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Friedman Industries Inc. Common Stock(FRD)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FRD
09/16/2026: FRD (1-star) is a SELL. SELL for 3 days. Simulated Profits (-5.85%). Updated daily EoD!
Friedman Industries Inc. is a steel processor and distributor focused on regional industrial markets. The company provides essential coil slitting and plate processing services, benefiting from long-standing customer relationships and a focused regional footprint. Its primary opportunity lies in potential demand from infrastructure projects and improved operational efficiencies. However, the company faces significant risks from cyclical steel price volatility and competition from larger, national distributors. Suited primarily for value and dividend-oriented investors, the company's performance is closely tied to domestic manufacturing health, making it important to monitor steel pricing trends and capital investment levels in the industrial sector.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company operates in a mature, cyclical industry with limited high-growth prospects. |
| Momentum investor | Mixed fit | The stock can exhibit momentum during steel cycle upturns, but is prone to significant volatility. |
| Value investor | Strong fit | Often trades at valuations reflecting cyclical asset values rather than high-growth premiums. |
| Dividend investor | Strong fit | The company provides a consistent dividend yield, suitable for income-focused portfolios. |
| Low-risk investor | Weak fit | High exposure to commodity price cycles makes this a higher-risk investment. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Steel prices fluctuate significantly, directly impacting revenue and profit margins. |
| Valuation risk | Medium | Market pricing of steel companies often disconnects from fundamental value during cycle shifts. |
| Competition risk (Consolidated service centers) | High | Large national distributors have greater purchasing power and wider geographic reach. |
| Business quality | Medium | Business model is functional and essential, but lacks deep competitive moats. |
| Dividend income | Medium | Dividends are dependent on cyclical profitability and cash flow. |
| Execution risk | Medium | Operational success relies on efficient inventory management in a volatile commodity market. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 71.7% | Avg. Invested days 34 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 09/16/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 294.28M USD | Price to earnings Ratio 10.82 | 1Y Target Price - |
Price to earnings Ratio 10.82 | 1Y Target Price - | ||
Volume (30-day avg) 82.9K shares | Beta 1.62 | 52 Weeks Range 16.50 - 48.77 | Updated Date 09/16/2026 |
52 Weeks Range 16.50 - 48.77 | Updated Date 09/16/2026 | ||
Dividends yield (FY) 0.39% | Basic EPS (TTM) 3.77 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Coil Processing | Slitting and cutting steel coils to customer specifications. | The company profits by providing value-added services that prepare raw steel for specific industrial uses. |
| Steel Distribution | Direct sales of flat-rolled steel products. | Revenue is earned by sourcing steel from mills and selling it to end-users at a markup. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 10.82 | Forward PE 14.43 | Enterprise Value 394.35M | Price to Sales(TTM) 0.39 |
Enterprise Value 394.35M | Price to Sales(TTM) 0.39 | ||
Enterprise Value to Revenue 0.52 | Enterprise Value to EBITDA 8.69 | Shares Outstanding 7.21M | Shares Floating 6.74M |
Shares Outstanding 7.21M | Shares Floating 6.74M | ||
Percent Insiders 6.6 | Percent Institutions 54.84 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Friedman Industries Inc. Common Stock
Exchange NASDAQ | Headquarters Longview, TX, United States | ||
IPO Launch date 1992-03-17 | Chairman of the Board, President & CEO Mr. Michael J. Taylor | ||
Sector Basic Materials | Industry Steel | Full time employees 381 | Website https://friedmanindustries.com |
Full time employees 381 | Website https://friedmanindustries.com | ||
Friedman Industries, Incorporated engages in the manufacture and processing of steel products in the United States. The company operates in two segments, Flat-Roll Products and Tubular Products. The Flat-Roll Product segment is involved in the operation of hot-rolled coil processing facilities to cut the coils into sheets and plates, as well as the provision of process and storage services for customer-owned coils on a fee basis. The Tubular Product segment manufactures line and oil country pipes, as well as pipes for structural applications. The company serves metals distributors and customers manufacturing products, such as metal buildings, railcars, heavy equipment, tanks and containers, trailers, component parts, and other fabricated metal products. Friedman Industries, Incorporated was incorporated in 1965 and is headquartered in Longview, Texas.
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