Perimeter Solutions, Sa

Industrials
Major Chemicals
www.perimeter-solutions.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.85B
PE -11
Debt $667.45M
Cash $223.05M
EV $2.29B
FCF $192.93M

Earnings

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Sales & Net Margins

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Earnings	-$163.32M
EBIT	-$74.00M
ROE	-16%
ROA	-3%
FCF	$192.93M
Equity	$1.00B
Growth Stability	100%
PE	-11.33
PEG	-3.17
PB	1.85
P/FCF	9.59
P/S	3.46
Price/Cash	0.12
Debt/Equity	0.67
Debt/FCF	3.46
Net Margins	-32%
Gross Margins	55%
Op. Margins	-14%
Earnings CAGR	4%
Sales Growth YoY	102%
Sales Growth QoQ	127%
Sales CAGR	19%
FCF CAGR	2%
Equity CAGR	50%
Earnings Stability	-0.71
Earnings Growth YoY	-562%
Earnings Growth QoQ	-512%

Earnings CAGR 5Y	4%
Sales CAGR 5Y	19%
FCF CAGR 5Y	2%
Equity CAGR 5Y	50%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	5%
Equity CAGR 3Y	-3%
Market Cap	$1.85B
Revenue	$534.19M
Assets	$2.46B
Total Debt	$667.45M
Cash	$223.05M
Shares Outstanding	145.22M
EV	2.29B
Earnings Score	6%
Moat Score	4%
Safety Score	89%
Final Score	33%
Working Capital	326.66M
Current Ratio	3.91
Gross Profit	$295.90M
Shares Growth 3y	-4%
Equity Growth QoQ	-7%
Equity Growth YoY	-15%

Assets & ROA

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Stockholders Equity & ROE

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Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers. The Specialty Products segment produces and sells Phosphorus Pentasulfide, which is primarily used in the preparation of lubricant additives, including a family of compounds called Zinc Dialkyldithiophosphates. The company offers its products under the PHOS-CHEK, FIRE-TROL, AUXQUIMIA, SOLBERG. and BIOGEMA brands. Perimeter Solutions, SA was founded in 1963 and is headquartered in Clayton, Missouri.

SEC Filings

Direct access to Perimeter Solutions, Sa (PRM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Perimeter Solutions, Sa compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Perimeter Solutions, Sa compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 4%

Stability -71%

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Perimeter Solutions, Sa Discounted Cash Flow

Fully customizable DCF calculator online for Perimeter Solutions, Sa.

Years

Calculation mode

= $2.2B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$193M	$196M	$199M	$203M	$206M	$209M	$213M	$216M	$220M	$223M	$227M	$2.3B
DCF		$178M	$165M	$152M	$141M	$130M	$120M	$111M	$103M	$95M	$88M	$876M
Value	$2.2B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2022	12/2023	TTM
Net Margins	-18%	7%	25%	21%	-32%
ROA	-	-	5%	4%	-3%
ROE	-	-	8%	6%	-16%

Bad Net Margins (-31.61%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2022	12/2023	TTM
Debt over FCF	-	-	-13.84	-73.04	3.46
Debt over Equity	-	2.43	0.59	0.59	0.67
Growth Stability	-	-	-	100%	100%

Neutral Debt/FCF ratio (3.46)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.67)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	42%	6%	-11%	19%
Earnings YoY growth	-	-158%	278%	-26%	4%
Equity YoY growth	-	11%	291%	1%	50%
FCF YoY growth	-	-791%	-177%	-81%	2%