TFF GROUP (TFF.PA) Fundamental Analysis & Valuation

EPA:TFF • FR0013295789

Current stock price

16.5 EUR
+0.04 (+0.24%)
Last:

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

5

1. TFF.PA Profitability Analysis

1.1 Basic Checks

  • In the past year TFF was profitable.
  • In the past year TFF had a positive cash flow from operations.
  • Each year in the past 5 years TFF has been profitable.
  • 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

  • Looking at the Return On Assets, with a value of 2.38%, TFF is in line with its industry, outperforming 45.45% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 4.80%, TFF is doing worse than 63.64% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 3.68%, TFF is doing worse than 63.64% of the companies in the same industry.
Industry RankSector Rank
ROA 2.38%
ROE 4.8%
ROIC 3.68%
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

  • TFF has a Profit Margin of 6.37%. This is in the better half of the industry: TFF outperforms 72.73% of its industry peers.
  • TFF's Profit Margin has declined in the last couple of years.
  • TFF has a better Operating Margin (12.09%) than 90.91% of its industry peers.
  • TFF's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 44.88%, TFF perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
  • In the last couple of years the Gross Margin of TFF has grown nicely.
Industry RankSector Rank
OM 12.09%
PM (TTM) 6.37%
GM 44.88%
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TFF is destroying value.
  • TFF has about the same amout of shares outstanding than it did 1 year ago.
  • TFF has more shares outstanding than it did 5 years ago.
  • 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

  • TFF has an Altman-Z score of 2.08. 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.
  • TFF's Altman-Z score of 2.08 is in line compared to the rest of the industry. TFF outperforms 45.45% of its industry peers.
  • The Debt to FCF ratio of TFF is 24.02, which is on the high side as it means it would take TFF, 24.02 years of fcf income to pay off all of its debts.
  • TFF's Debt to FCF ratio of 24.02 is on the low side compared to the rest of the industry. TFF is outperformed by 63.64% of its industry peers.
  • A Debt/Equity ratio of 0.62 indicates that TFF is somewhat dependend on debt financing.
  • TFF has a Debt to Equity ratio of 0.62. This is comparable to the rest of the industry: TFF outperforms 54.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 24.02
Altman-Z 2.08
ROIC/WACC0.64
WACC5.71%
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 2.12. This indicates that TFF is financially healthy and has no problem in meeting its short term obligations.
  • TFF's Current ratio of 2.12 is amongst the best of the industry. TFF outperforms 81.82% of its industry peers.
  • A Quick Ratio of 0.67 indicates that TFF may have some problems paying its short term obligations.
  • The Quick ratio of TFF (0.67) is worse than 63.64% of its industry peers.
Industry RankSector Rank
Current Ratio 2.12
Quick Ratio 0.67
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 -41.19%.
  • 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 -20.83%.
  • 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)-41.19%
EPS 3Y-5.03%
EPS 5Y2.89%
EPS Q2Q%-32.14%
Revenue 1Y (TTM)-20.83%
Revenue growth 3Y12.02%
Revenue growth 5Y8.75%
Sales Q2Q%-24.68%

3.2 Future

  • The Earnings Per Share is expected to decrease by -3.15% on average over the next years.
  • TFF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.49% yearly.
EPS Next Y-54.69%
EPS Next 2Y-20.47%
EPS Next 3Y-3.15%
EPS Next 5YN/A
Revenue Next Year-25.32%
Revenue Next 2Y-10.69%
Revenue Next 3Y-4.6%
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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3

4. TFF.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • TFF is valuated correctly with a Price/Earnings ratio of 15.28.
  • Based on the Price/Earnings ratio, TFF is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.86, TFF is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 15.24, which indicates a correct valuation of TFF.
  • 72.73% of the companies in the same industry are more expensive than TFF, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 37.39. TFF is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.28
Fwd PE 15.24
TFF.PA Price Earnings VS Forward Price EarningsTFF.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • TFF's Enterprise Value to EBITDA is on the same level as the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TFF indicates a slightly more expensive valuation: TFF is more expensive than 63.64% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 21.69
EV/EBITDA 7.63
TFF.PA Per share dataTFF.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • A cheap valuation may be justified as TFF's earnings are expected to decrease with -3.15% in the coming years.
PEG (NY)N/A
PEG (5Y)5.29
EPS Next 2Y-20.47%
EPS Next 3Y-3.15%

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

4

5. TFF.PA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.04%, TFF has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.16, TFF is paying slightly less dividend.
  • TFF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.04%

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 Years0
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

  • 49.57% of the earnings are spent on dividend by TFF. This is a bit on the high side, but may be sustainable.
DP49.57%
EPS Next 2Y-20.47%
EPS Next 3Y-3.15%
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

More info and screens

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TFF.PA Fundamentals: All Metrics, Ratios and Statistics

TFF GROUP

EPA:TFF (4/10/2026, 7:00:00 PM)

16.5

+0.04 (+0.24%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)01-07
Earnings (Next)07-07
Inst Owners5.9%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap357.72M
Revenue(TTM)366.14M
Net Income(TTM)23.32M
Analysts75.56
Price Target20.87 (26.48%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.04%
Yearly Dividend0.62
Dividend Growth(5Y)12.26%
DP49.57%
Div Incr Years0
Div Non Decr Years0
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)-0.97%
PT rev (3m)-9.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.29%
EPS NY rev (3m)18.52%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.51%
Revenue NY rev (3m)-1.62%
Valuation
Industry RankSector Rank
PE 15.28
Fwd PE 15.24
P/S 0.98
P/FCF 21.69
P/OCF 9.92
P/B 0.74
P/tB 0.97
EV/EBITDA 7.63
EPS(TTM)1.08
EY6.55%
EPS(NY)1.08
Fwd EY6.56%
FCF(TTM)0.76
FCFY4.61%
OCF(TTM)1.66
OCFY10.09%
SpS16.89
BVpS22.41
TBVpS16.94
PEG (NY)N/A
PEG (5Y)5.29
Graham Number23.33
Profitability
Industry RankSector Rank
ROA 2.38%
ROE 4.8%
ROCE 6.45%
ROIC 3.68%
ROICexc 4.16%
ROICexgc 4.95%
OM 12.09%
PM (TTM) 6.37%
GM 44.88%
FCFM 4.5%
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-Score5
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 24.02
Debt/EBITDA 4.58
Cap/Depr 90.51%
Cap/Sales 5.35%
Interest Coverage 250
Cash Conversion 54.74%
Profit Quality 70.73%
Current Ratio 2.12
Quick Ratio 0.67
Altman-Z 2.08
F-Score5
WACC5.71%
ROIC/WACC0.64
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)-41.19%
EPS 3Y-5.03%
EPS 5Y2.89%
EPS Q2Q%-32.14%
EPS Next Y-54.69%
EPS Next 2Y-20.47%
EPS Next 3Y-3.15%
EPS Next 5YN/A
Revenue 1Y (TTM)-20.83%
Revenue growth 3Y12.02%
Revenue growth 5Y8.75%
Sales Q2Q%-24.68%
Revenue Next Year-25.32%
Revenue Next 2Y-10.69%
Revenue Next 3Y-4.6%
Revenue Next 5Y6.49%
EBIT growth 1Y-44.16%
EBIT growth 3Y15.47%
EBIT growth 5Y10.53%
EBIT Next Year-19.64%
EBIT Next 3Y3.66%
EBIT Next 5YN/A
FCF growth 1Y126.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y702.3%
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.


How profitable is TFF GROUP (TFF.PA) stock?

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


What are the PE and PB ratios of TFF GROUP (TFF.PA) stock?

The Price/Earnings (PE) ratio for TFF GROUP (TFF.PA) is 15.28 and the Price/Book (PB) ratio is 0.74.


Can you provide the financial health for TFF stock?

The financial health rating of TFF GROUP (TFF.PA) is 3 / 10.