Forensic Analysis · Materials / Mining & Chemicals · as of Sep 26, 2026
Tredegar Corp (TG)
A forensic read on Tredegar Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
4.7
Distress distance
Clean
Earnings quality
3
Forensic signals
7.5
P / E (ttm)
15.5%
ROE
$250M
Market cap
10.66%
Dividend yield
35.7%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Tredegar Corp earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 4.7, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by shareholder returns — halted.
What the filings flag
stopped
FY2023→FY2025
Shareholder returns — halted.Capital returns have STOPPED — $9M of buybacks + dividends in FY2023, but ~$0 in FY2025. A halt usually means the company is conserving cash.
10.4%
FY2025
Return on invested capital.Return on invested capital is 10.4% in the latest fiscal year and rising across FY2023–FY2025 from -36.3%. After-tax operating profit was ($114M) in FY2023 and $27M in FY2025. The capital base behind it came down -17% across FY2023–FY2025, from $314M to $261M, so this return is struck on a smaller base than it started on. FY2023's operating profit carried a $35M goodwill write-off, a $5M restructuring charge and a $4M asset write-down that alone took about 10.9 points off that year's return, so about 10.9 of the 46.7-point rise across FY2023–FY2025 is that charge leaving the base year rather than the capital earning more. FY2024's operating profit carried a $13M goodwill write-off that alone took about 4.6 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it.
$48M
FY2023–FY2024
Goodwill impairments.Took $48M of goodwill writedowns across 2 years (FY2023 ($35M), FY2024 ($13M)). Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Free Cash Flow$15.7M
Return on Equity15.5%
Debt / Equity0.16x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Tredegar Corp's actual 10-K/10-Q/8-K filings?