TFF GROUP (TFF.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:TFF - FR0013295789 - Common Stock
17.05 EUR
+0.15 (+0.89%)
Overall TFF gets a fundamental rating of 4 out of 10. We evaluated TFF against 13 industry peers in the Containers & Packaging industry. Both the profitability and the financial health of TFF get a neutral evaluation. Nothing too spectacular is happening here. TFF is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year TFF was profitable.
- TFF had a positive operating cash flow in the past year.
- In the past 5 years TFF has always been profitable.
- TFF had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- TFF's Return On Assets of 3.09% is in line compared to the rest of the industry. TFF outperforms 53.85% of its industry peers.
- TFF has a Return On Equity (6.30%) which is comparable to the rest of the industry.
- TFF has a Return On Invested Capital of 5.04%. This is comparable to the rest of the industry: TFF outperforms 53.85% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
- TFF has a better Profit Margin (7.22%) than 92.31% of its industry peers.
- In the last couple of years the Profit Margin of TFF has declined.
- TFF has a better Operating Margin (14.04%) than 92.31% of its industry peers.
- In the last couple of years the Operating Margin of TFF has grown nicely.
- Looking at the Gross Margin, with a value of 43.80%, TFF is in line with its industry, outperforming 53.85% of the companies in the same industry.
- TFF's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- TFF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for TFF remains at a similar level compared to 1 year ago.
- TFF has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, TFF has a worse debt to assets ratio.
2.2 Solvency
- TFF has an Altman-Z score of 2.16. This is not the best score and indicates that TFF is in the grey zone with still only limited risk for bankruptcy at the moment.
- With a decent Altman-Z score value of 2.16, TFF is doing good in the industry, outperforming 61.54% of the companies in the same industry.
- TFF has a Debt/Equity ratio of 0.60. This is a neutral value indicating TFF is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.60, TFF is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.16 |
ROIC/WACC0.87
WACC5.82%
2.3 Liquidity
- A Current Ratio of 2.06 indicates that TFF has no problem at all paying its short term obligations.
- TFF has a better Current ratio (2.06) than 84.62% of its industry peers.
- A Quick Ratio of 0.60 indicates that TFF may have some problems paying its short term obligations.
- TFF has a Quick ratio (0.60) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.06 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
- TFF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -45.60%.
- Measured over the past 5 years, TFF shows a small growth in Earnings Per Share. The EPS has been growing by 2.89% on average per year.
- TFF shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.56%.
- The Revenue has been growing by 8.75% on average over the past years. This is quite good.
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
- Based on estimates for the next years, TFF will show a decrease in Earnings Per Share. The EPS will decrease by -2.62% on average per year.
- The Revenue is expected to grow by 6.49% on average over the next years.
EPS Next Y-54.1%
EPS Next 2Y-19.88%
EPS Next 3Y-2.62%
EPS Next 5YN/A
Revenue Next Year-24.09%
Revenue Next 2Y-10.02%
Revenue Next 3Y-3.89%
Revenue Next 5Y6.49%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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
- TFF is valuated correctly with a Price/Earnings ratio of 12.01.
- Compared to the rest of the industry, the Price/Earnings ratio of TFF indicates a rather cheap valuation: TFF is cheaper than 84.62% of the companies listed in the same industry.
- TFF is valuated cheaply when we compare the Price/Earnings ratio to 27.25, which is the current average of the S&P500 Index.
- TFF is valuated rather expensively with a Price/Forward Earnings ratio of 21.70.
- TFF's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. TFF is more expensive than 61.54% of the companies in the same industry.
- TFF's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.01 | ||
| Fwd PE | 21.7 |
4.2 Price Multiples
- 84.62% of the companies in the same industry are more expensive than TFF, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.65 |
4.3 Compensation for Growth
- The decent profitability rating of TFF may justify a higher PE ratio.
- A cheap valuation may be justified as TFF's earnings are expected to decrease with -2.62% in the coming years.
PEG (NY)N/A
PEG (5Y)4.16
EPS Next 2Y-19.88%
EPS Next 3Y-2.62%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.94%, TFF has a reasonable but not impressive dividend return.
- TFF's Dividend Yield is comparable with the industry average which is at 2.85.
- TFF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
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
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-19.88%
EPS Next 3Y-2.62%
TFF GROUP / TFF.PA 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 12.01 and the Price/Book (PB) ratio is 0.76.
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.