GrafTech International manufactures graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. Co.'s customers include steel producers and other ferrous and non-ferrous metal producers in Europe, Russia and other Commonwealth of Independent States countries, the Middle East and Africa, the Americas and Asia-Pacific, which sell their products into the automotive, construction, appliance, and other industries. Co.'s segment, Industrial Materials, is comprised of its two product categories: graphite electrodes and needle coke products. Petroleum needle coke is a key raw material used in the production of graphite electrodes. We show 24 historical shares outstanding datapoints in our EAF shares outstanding history coverage, used to compute EAF market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EAF market cap history over the course of time is important for investors
interested in comparing EAF's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of EAF versus a peer is one thing; comparing
EAF market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like EAF can fluctuate over the course of history.
With this page we aim to empower investors researching EAF by allowing them to research the EAF market cap history. |
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Video: The Importance of Market Cap
