Author Topic: EAF - GrafTech  (Read 15536 times)

johnny

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Re: EAF - GrafTech
« Reply #100 on: May 27, 2019, 11:59:27 AM »
But they haven't actually explicitly defined what they think normalworld is going to look like right? So, if I'm trying to reverse engineer what number they're preparing for.

40-50% of FCF earmarked for debt in 2019. I don't know why they would front-load they pay-down given the LTAs, so if we assume similar through 2022 that would leave something in the range of $1B in debt? So that suggests they're preparing for something like $500M 2023 EBITDA?
« Last Edit: May 27, 2019, 12:01:35 PM by johnny »


peterHK

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Re: EAF - GrafTech
« Reply #101 on: May 27, 2019, 01:35:23 PM »
But they haven't actually explicitly defined what they think normalworld is going to look like right? So, if I'm trying to reverse engineer what number they're preparing for.

40-50% of FCF earmarked for debt in 2019. I don't know why they would front-load they pay-down given the LTAs, so if we assume similar through 2022 that would leave something in the range of $1B in debt? So that suggests they're preparing for something like $500M 2023 EBITDA?

Funnily enough, I have them doing $642, so it's not too too far off.

valueinvestor

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Re: EAF - GrafTech
« Reply #102 on: August 13, 2019, 01:53:48 PM »
Looks like Mohnish Pabrai is in EAF.

https://www.dataroma.com/m/holdings.php?m=PI