TESSENDERLO GROUP (TESB.BR) Stock Fundamental Analysis
Europe - EBR:TESB - BE0003555639 - Common Stock
26.05 EUR
-0.15 (-0.57%)
We assign a fundamental rating of 4 out of 10 to TESB. TESB was compared to 69 industry peers in the Chemicals industry. The financial health of TESB is average, but there are quite some concerns on its profitability. TESB is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year TESB has reported negative net income.
In the past year TESB had a positive cash flow from operations.
TESB had positive earnings in each of the past 5 years.
TESB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TESB's Return On Assets of -0.96% is on the low side compared to the rest of the industry. TESB is outperformed by 63.77% of its industry peers.
TESB has a Return On Equity of -1.52%. This is in the lower half of the industry: TESB underperforms 62.32% of its industry peers.
The Return On Invested Capital of TESB (2.47%) is comparable to the rest of the industry.
TESB had an Average Return On Invested Capital over the past 3 years of 6.25%. This is in line with the industry average of 7.19%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.96% | ||
| ROE | -1.52% | ||
| ROIC | 2.47% |
ROA(3y)5.03%
ROA(5y)5.73%
ROE(3y)8.04%
ROE(5y)10.34%
ROIC(3y)6.25%
ROIC(5y)7.52%
1.3 Margins
In the last couple of years the Profit Margin of TESB has declined.
TESB has a Operating Margin of 2.61%. This is comparable to the rest of the industry: TESB outperforms 44.93% of its industry peers.
TESB's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 19.33%, TESB is not doing good in the industry: 72.46% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of TESB has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.61% | ||
| PM (TTM) | N/A | ||
| GM | 19.33% |
OM growth 3Y-39.29%
OM growth 5Y-20.88%
PM growth 3Y-43.63%
PM growth 5Y-21.76%
GM growth 3Y-9.65%
GM growth 5Y-5.01%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TESB is destroying value.
Compared to 1 year ago, TESB has less shares outstanding
Compared to 5 years ago, TESB has more shares outstanding
Compared to 1 year ago, TESB has a worse debt to assets ratio.
2.2 Solvency
TESB has an Altman-Z score of 2.08. This is not the best score and indicates that TESB is in the grey zone with still only limited risk for bankruptcy at the moment.
TESB has a Altman-Z score (2.08) which is in line with its industry peers.
TESB has a debt to FCF ratio of 2.34. This is a good value and a sign of high solvency as TESB would need 2.34 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.34, TESB belongs to the top of the industry, outperforming 92.75% of the companies in the same industry.
A Debt/Equity ratio of 0.06 indicates that TESB is not too dependend on debt financing.
The Debt to Equity ratio of TESB (0.06) is better than 86.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 2.34 | ||
| Altman-Z | 2.08 |
ROIC/WACC0.34
WACC7.17%
2.3 Liquidity
A Current Ratio of 1.94 indicates that TESB should not have too much problems paying its short term obligations.
TESB's Current ratio of 1.94 is fine compared to the rest of the industry. TESB outperforms 62.32% of its industry peers.
TESB has a Quick Ratio of 1.18. This is a normal value and indicates that TESB is financially healthy and should not expect problems in meeting its short term obligations.
TESB has a Quick ratio of 1.18. This is comparable to the rest of the industry: TESB outperforms 57.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.18 |
3. Growth
3.1 Past
TESB shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -131.08%.
The earnings per share for TESB have been decreasing by -20.75% on average. This is quite bad
The Revenue has been growing slightly by 2.05% in the past year.
TESB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.72% yearly.
EPS 1Y (TTM)-131.08%
EPS 3Y-45.77%
EPS 5Y-20.75%
EPS Q2Q%-116.23%
Revenue 1Y (TTM)2.05%
Revenue growth 3Y8.35%
Revenue growth 5Y8.72%
Sales Q2Q%7.08%
3.2 Future
Based on estimates for the next years, TESB will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.97% on average per year.
The Revenue is expected to grow by 3.83% on average over the next years.
EPS Next Y26.82%
EPS Next 2Y23.83%
EPS Next 3Y19.97%
EPS Next 5YN/A
Revenue Next Year2.34%
Revenue Next 2Y3.91%
Revenue Next 3Y3.83%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
TESB reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 14.81 indicates a correct valuation of TESB.
65.22% of the companies in the same industry are more expensive than TESB, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of TESB to the average of the S&P500 Index (22.94), we can say TESB is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.81 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TESB is valued cheaply inside the industry as 91.30% of the companies are valued more expensively.
TESB's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TESB is cheaper than 82.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.25 | ||
| EV/EBITDA | 5.18 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as TESB's earnings are expected to grow with 19.97% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y23.83%
EPS Next 3Y19.97%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.03%, TESB has a reasonable but not impressive dividend return.
TESB's Dividend Yield is comparable with the industry average which is at 3.22.
TESB's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.03% |
5.2 History
The dividend of TESB is nicely growing with an annual growth rate of 6.16%!
Dividend Growth(5Y)6.16%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
TESB has negative earnings and hence a negative payout ratio. The dividend may be in danger.
TESB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-166.05%
EPS Next 2Y23.83%
EPS Next 3Y19.97%
EBR:TESB (10/17/2025, 7:00:00 PM)
26.05
-0.15 (-0.57%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners6.25%
Inst Owner ChangeN/A
Ins Owners67.43%
Ins Owner ChangeN/A
Market Cap1.57B
Analysts74
Price Target27.8 (6.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.03% |
Yearly Dividend0.88
Dividend Growth(5Y)6.16%
DP-166.05%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0.93%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)22.72%
EPS NY rev (3m)-9.13%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.81 | ||
| P/S | 0.57 | ||
| P/FCF | 14.25 | ||
| P/OCF | 5.43 | ||
| P/B | 0.88 | ||
| P/tB | 1.01 | ||
| EV/EBITDA | 5.18 |
EPS(TTM)-0.45
EYN/A
EPS(NY)1.76
Fwd EY6.75%
FCF(TTM)1.83
FCFY7.02%
OCF(TTM)4.8
OCFY18.42%
SpS45.64
BVpS29.62
TBVpS25.79
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.96% | ||
| ROE | -1.52% | ||
| ROCE | 3.29% | ||
| ROIC | 2.47% | ||
| ROICexc | 2.77% | ||
| ROICexgc | 3.14% | ||
| OM | 2.61% | ||
| PM (TTM) | N/A | ||
| GM | 19.33% | ||
| FCFM | 4.01% |
ROA(3y)5.03%
ROA(5y)5.73%
ROE(3y)8.04%
ROE(5y)10.34%
ROIC(3y)6.25%
ROIC(5y)7.52%
ROICexc(3y)6.83%
ROICexc(5y)8.71%
ROICexgc(3y)7.61%
ROICexgc(5y)9.79%
ROCE(3y)8.33%
ROCE(5y)10.06%
ROICexcg growth 3Y-43.17%
ROICexcg growth 5Y-19.86%
ROICexc growth 3Y-44.09%
ROICexc growth 5Y-20.16%
OM growth 3Y-39.29%
OM growth 5Y-20.88%
PM growth 3Y-43.63%
PM growth 5Y-21.76%
GM growth 3Y-9.65%
GM growth 5Y-5.01%
F-Score6
Asset Turnover0.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 2.34 | ||
| Debt/EBITDA | 0.38 | ||
| Cap/Depr | 80.05% | ||
| Cap/Sales | 6.5% | ||
| Interest Coverage | 7.18 | ||
| Cash Conversion | 97.86% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.18 | ||
| Altman-Z | 2.08 |
F-Score6
WACC7.17%
ROIC/WACC0.34
Cap/Depr(3y)86.45%
Cap/Depr(5y)81.94%
Cap/Sales(3y)5.77%
Cap/Sales(5y)5.54%
Profit Quality(3y)143.93%
Profit Quality(5y)139.31%
High Growth Momentum
Growth
EPS 1Y (TTM)-131.08%
EPS 3Y-45.77%
EPS 5Y-20.75%
EPS Q2Q%-116.23%
EPS Next Y26.82%
EPS Next 2Y23.83%
EPS Next 3Y19.97%
EPS Next 5YN/A
Revenue 1Y (TTM)2.05%
Revenue growth 3Y8.35%
Revenue growth 5Y8.72%
Sales Q2Q%7.08%
Revenue Next Year2.34%
Revenue Next 2Y3.91%
Revenue Next 3Y3.83%
Revenue Next 5YN/A
EBIT growth 1Y10.97%
EBIT growth 3Y-34.22%
EBIT growth 5Y-13.98%
EBIT Next Year250.49%
EBIT Next 3Y60.07%
EBIT Next 5YN/A
FCF growth 1Y88.36%
FCF growth 3Y0.11%
FCF growth 5Y5.75%
OCF growth 1Y37.17%
OCF growth 3Y10.33%
OCF growth 5Y8.69%