Is Ferroglobe PLC (GSM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 22.8% / 30% | 15.8% / 30% | 32.8% / 30% | 0.16% / 5% | ✗ NOT HALAL |
| DJIM | 22.8% / 33% | 15.8% / 33% | 32.8% / 33% | 0.16% / 5% | ✓ HALAL |
| MSCI | 13.5% / 33% | 9.4% / 33% | 19.5% / 33% | 0.16% / 5% | ✓ HALAL |
| S&P | 22.8% / 33% | 15.8% / 33% | 32.8% / 33% | 0.16% / 5% | ✓ HALAL |
| FTSE | 13.5% / 33% | 9.4% / 33% | 19.5% / 50% | 0.16% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 30.1% | |
| Operating Margin | -20.3% | |
| Net Margin | -12.8% | |
| Return on Equity (ROE) | -23.2% | |
| Return on Assets (ROA) | -5.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $243M |
| Free Cash Flow | $164M |
| Total Debt | $199M |
| Debt-to-Equity | 38.9 |
| Current Ratio | 1.7 |
| Total Assets | $1.5B |
Price & Trading
| Last Close | $4.28 |
| 50-Day MA | $4.83 |
| 200-Day MA | $4.52 |
| Avg Volume | 1.3M |
| Beta | 0.9 |
|
52-Week Range
$2.97
| |
About Ferroglobe PLC (GSM)
Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based alloys. It provides silicone metal that are used in a range of applications, including construction-related products, electronics, personal care items, and health care, as well as by primary and secondary aluminum producers. The company also offers silicomanganese, which is used as a deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel. In addition, it offers ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum; calcium silicon for deoxidation and desulfurization of liquid steel, cast iron pipes coating production, and welding process of powder metal and in pyrotechnics, as well as control the shape, size, and distribution of oxide and sulfide inclusions; and foundry products, such as nodularizers and inoculants for production of iron. Further, the company provides silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon. Additionally, it operates quartz mines in South Africa, Spain, the United States, and Canada; low-ash metallurgical coal mines in the United States; and hydroelectric power plant in France, as well as procures coal, manganese ore, quartz, petroleum and metallurgical coke, electrodes, and additive metals. It serves silicone chemical producers; aluminum and steel manufacturers; auto companies and their suppliers; ductile iron foundries; manufacturers of photovoltaic solar cells and computer chips; and concrete producers. The company was formerly known as VeloNewco Limited and changed its name to Ferroglobe PLC in December 2015. The company was incorporated in 2015 and is headquartered in London, the United Kingdom.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is Ferroglobe PLC (GSM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Ferroglobe PLC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Ferroglobe PLC's debt ratio?
Ferroglobe PLC's debt ratio is 22.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 13.5%.
What are Ferroglobe PLC's key financial metrics?
Ferroglobe PLC has a market capitalization of $804M. The company maintains a gross margin of 30.1% and a net margin of -12.8%. Return on equity stands at -23.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.