TFF GROUP (TFF.PA) Fundamental Analysis & Valuation

EPA:TFF • FR0013295789

Current stock price

15.35 EUR
+0.35 (+2.33%)
Last:

This TFF.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. TFF.PA Profitability Analysis

1.1 Basic Checks

  • TFF had positive earnings in the past year.
  • TFF had a positive operating cash flow in the past year.
  • TFF had positive earnings in each of the past 5 years.
  • TFF had a positive operating cash flow in 4 of the past 5 years.
TFF.PA Yearly Net Income VS EBIT VS OCF VS FCFTFF.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M

1.2 Ratios

  • TFF's Return On Assets of 3.09% is in line compared to the rest of the industry. TFF outperforms 54.55% of its industry peers.
  • TFF has a Return On Equity (6.30%) which is comparable to the rest of the industry.
  • The Return On Invested Capital of TFF (5.04%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 3.09%
ROE 6.3%
ROIC 5.04%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TFF.PA Yearly ROA, ROE, ROICTFF.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • The Profit Margin of TFF (7.22%) is better than 90.91% of its industry peers.
  • TFF's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 14.04%, TFF belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TFF has grown nicely.
  • TFF's Gross Margin of 43.80% is in line compared to the rest of the industry. TFF outperforms 45.45% of its industry peers.
  • TFF's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 14.04%
PM (TTM) 7.22%
GM 43.8%
OM growth 3Y3.08%
OM growth 5Y1.64%
PM growth 3Y-15.23%
PM growth 5Y-5.4%
GM growth 3Y4.57%
GM growth 5Y2.41%
TFF.PA Yearly Profit, Operating, Gross MarginsTFF.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. TFF.PA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TFF is destroying value.
  • Compared to 1 year ago, TFF has about the same amount of shares outstanding.
  • Compared to 5 years ago, TFF has more shares outstanding
  • The debt/assets ratio for TFF is higher compared to a year ago.
TFF.PA Yearly Shares OutstandingTFF.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2024 2025 5M 10M 15M 20M
TFF.PA Yearly Total Debt VS Total AssetsTFF.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 2.11 indicates that TFF is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • TFF's Altman-Z score of 2.11 is fine compared to the rest of the industry. TFF outperforms 63.64% of its industry peers.
  • A Debt/Equity ratio of 0.60 indicates that TFF is somewhat dependend on debt financing.
  • TFF has a Debt to Equity ratio of 0.60. This is comparable to the rest of the industry: TFF outperforms 54.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF N/A
Altman-Z 2.11
ROIC/WACC0.9
WACC5.63%
TFF.PA Yearly LT Debt VS Equity VS FCFTFF.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M

2.3 Liquidity

  • TFF has a Current Ratio of 2.06. This indicates that TFF is financially healthy and has no problem in meeting its short term obligations.
  • TFF has a Current ratio of 2.06. This is amongst the best in the industry. TFF outperforms 81.82% of its industry peers.
  • A Quick Ratio of 0.60 indicates that TFF may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.60, TFF is in line with its industry, outperforming 45.45% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.06
Quick Ratio 0.6
TFF.PA Yearly Current Assets VS Current LiabilitesTFF.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. TFF.PA Growth Analysis

3.1 Past

  • TFF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -45.60%.
  • TFF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.89% yearly.
  • TFF shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.56%.
  • Measured over the past years, TFF shows a quite strong growth in Revenue. The Revenue has been growing by 8.75% on average per year.
EPS 1Y (TTM)-45.6%
EPS 3Y-5.03%
EPS 5Y2.89%
EPS Q2Q%-53.17%
Revenue 1Y (TTM)-12.56%
Revenue growth 3Y12.02%
Revenue growth 5Y8.75%
Sales Q2Q%-16.68%

3.2 Future

  • TFF is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.62% yearly.
  • The Revenue is expected to grow by 6.49% on average over the next years.
EPS Next Y-54.1%
EPS Next 2Y-19.96%
EPS Next 3Y-2.62%
EPS Next 5YN/A
Revenue Next Year-24.94%
Revenue Next 2Y-10.53%
Revenue Next 3Y-4.23%
Revenue Next 5Y6.49%

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 decreasing.
  • 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.
TFF.PA Yearly Revenue VS EstimatesTFF.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200M 400M 600M
TFF.PA Yearly EPS VS EstimatesTFF.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2 2.5

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4

4. TFF.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.81, the valuation of TFF can be described as reasonable.
  • 90.91% of the companies in the same industry are more expensive than TFF, based on the Price/Earnings ratio.
  • TFF is valuated cheaply when we compare the Price/Earnings ratio to 24.88, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 19.53, which indicates a rather expensive current valuation of TFF.
  • The rest of the industry has a similar Price/Forward Earnings ratio as TFF.
  • When comparing the Price/Forward Earnings ratio of TFF to the average of the S&P500 Index (22.19), we can say TFF is valued inline with the index average.
Industry RankSector Rank
PE 10.81
Fwd PE 19.53
TFF.PA Price Earnings VS Forward Price EarningsTFF.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • TFF's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. TFF is cheaper than 81.82% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 6.13
TFF.PA Per share dataTFF.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • TFF has a very decent profitability rating, which may justify a higher PE ratio.
  • TFF's earnings are expected to decrease with -2.62% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)3.74
EPS Next 2Y-19.96%
EPS Next 3Y-2.62%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. TFF.PA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.03%, TFF has a reasonable but not impressive dividend return.
  • TFF's Dividend Yield is comparable with the industry average which is at 3.00.
  • TFF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 3.03%

5.2 History

  • On average, the dividend of TFF grows each year by 12.26%, which is quite nice.
Dividend Growth(5Y)12.26%
Div Incr Years0
Div Non Decr Years1
TFF.PA Yearly Dividends per shareTFF.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • 44.70% of the earnings are spent on dividend by TFF. This is a bit on the high side, but may be sustainable.
DP44.7%
EPS Next 2Y-19.96%
EPS Next 3Y-2.62%
TFF.PA Yearly Income VS Free CF VS DividendTFF.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M -40M
TFF.PA Dividend Payout.TFF.PA Dividend Payout, showing the Payout Ratio.TFF.PA Dividend Payout.PayoutRetained Earnings

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TFF.PA Fundamentals: All Metrics, Ratios and Statistics

TFF GROUP

EPA:TFF (3/27/2026, 7:00:00 PM)

15.35

+0.35 (+2.33%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)01-07
Earnings (Next)07-07
Inst Owners6.59%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap332.79M
Revenue(TTM)425.43M
Net Income(TTM)30.70M
Analysts75.56
Price Target21.07 (37.26%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.03%
Yearly Dividend0.62
Dividend Growth(5Y)12.26%
DP44.7%
Div Incr Years0
Div Non Decr Years1
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)-8.25%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)20.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.12%
Valuation
Industry RankSector Rank
PE 10.81
Fwd PE 19.53
P/S 0.78
P/FCF N/A
P/OCF 33.61
P/B 0.68
P/tB 0.9
EV/EBITDA 6.13
EPS(TTM)1.42
EY9.25%
EPS(NY)0.79
Fwd EY5.12%
FCF(TTM)-0.81
FCFYN/A
OCF(TTM)0.46
OCFY2.97%
SpS19.62
BVpS22.49
TBVpS16.98
PEG (NY)N/A
PEG (5Y)3.74
Graham Number26.81
Profitability
Industry RankSector Rank
ROA 3.09%
ROE 6.3%
ROCE 8.72%
ROIC 5.04%
ROICexc 5.58%
ROICexgc 6.64%
OM 14.04%
PM (TTM) 7.22%
GM 43.8%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-2.66%
ROICexgc growth 5Y-1.16%
ROICexc growth 3Y-0.45%
ROICexc growth 5Y-0.21%
OM growth 3Y3.08%
OM growth 5Y1.64%
PM growth 3Y-15.23%
PM growth 5Y-5.4%
GM growth 3Y4.57%
GM growth 5Y2.41%
F-Score4
Asset Turnover0.43
Health
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF N/A
Debt/EBITDA 3.6
Cap/Depr 130.61%
Cap/Sales 6.45%
Interest Coverage 250
Cash Conversion 12.27%
Profit Quality N/A
Current Ratio 2.06
Quick Ratio 0.6
Altman-Z 2.11
F-Score4
WACC5.63%
ROIC/WACC0.9
Cap/Depr(3y)238.27%
Cap/Depr(5y)177.87%
Cap/Sales(3y)8.29%
Cap/Sales(5y)6.37%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-45.6%
EPS 3Y-5.03%
EPS 5Y2.89%
EPS Q2Q%-53.17%
EPS Next Y-54.1%
EPS Next 2Y-19.96%
EPS Next 3Y-2.62%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.56%
Revenue growth 3Y12.02%
Revenue growth 5Y8.75%
Sales Q2Q%-16.68%
Revenue Next Year-24.94%
Revenue Next 2Y-10.53%
Revenue Next 3Y-4.23%
Revenue Next 5Y6.49%
EBIT growth 1Y-34.94%
EBIT growth 3Y15.47%
EBIT growth 5Y10.53%
EBIT Next Year-18.53%
EBIT Next 3Y4%
EBIT Next 5YN/A
FCF growth 1Y68.54%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y179.82%
OCF growth 3Y-30.84%
OCF growth 5YN/A

TFF GROUP / TFF.PA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of TFF GROUP (TFF.PA) stock?

ChartMill assigns a fundamental rating of 4 / 10 to TFF.PA.


What is the valuation status of TFF GROUP (TFF.PA) stock?

ChartMill assigns a valuation rating of 4 / 10 to TFF GROUP (TFF.PA). This can be considered as Fairly Valued.


What is the profitability of TFF stock?

TFF GROUP (TFF.PA) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for TFF stock?

The Price/Earnings (PE) ratio for TFF GROUP (TFF.PA) is 10.81 and the Price/Book (PB) ratio is 0.68.


What is the expected EPS growth for TFF GROUP (TFF.PA) stock?

The Earnings per Share (EPS) of TFF GROUP (TFF.PA) is expected to decline by -54.1% in the next year.