TFF GROUP (TFF.PA) Fundamental Analysis & Valuation

EPA:TFF • FR0013295789

Current stock price

16.9 EUR
+0.1 (+0.6%)
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.
  • Of the past 5 years TFF 4 years had a positive operating cash flow.
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 has a Return On Assets (3.09%) which is in line with its industry peers.
  • TFF has a Return On Equity (6.30%) which is in line with its industry peers.
  • TFF's Return On Invested Capital of 5.04% is in line compared to the rest of the industry. TFF outperforms 50.00% of its industry peers.
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

  • TFF's Profit Margin of 7.22% is amongst the best of the industry. TFF outperforms 91.67% 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 91.67% 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 58.33% of its industry peers.
  • In the last couple of years the Gross Margin of TFF has grown nicely.
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

  • TFF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • TFF has about the same amout of shares outstanding than it did 1 year ago.
  • 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 2.15 indicates that TFF is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • TFF's Altman-Z score of 2.15 is in line compared to the rest of the industry. TFF outperforms 58.33% 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 (0.60) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF N/A
Altman-Z 2.15
ROIC/WACC0.87
WACC5.81%
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

  • 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 83.33% of its industry peers.
  • TFF has a Quick Ratio of 2.06. This is a bad value and indicates that TFF is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of TFF (0.60) is comparable to the rest of the 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

  • The earnings per share for TFF have decreased strongly by -45.60% in the last year.
  • 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.
  • The Revenue for TFF has decreased by -12.56% in the past year. This is quite bad
  • 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

  • The Earnings Per Share is expected to decrease by -2.62% on average over the next years.
  • 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 11.90, the valuation of TFF can be described as reasonable.
  • TFF's Price/Earnings ratio is rather cheap when compared to the industry. TFF is cheaper than 83.33% of the companies in the same industry.
  • TFF's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.11.
  • The Price/Forward Earnings ratio is 21.51, which indicates a rather expensive current valuation of TFF.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TFF is on the same level as its industry peers.
  • TFF is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.12, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.9
Fwd PE 21.51
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 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TFF is valued cheaper than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 6.62
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

  • 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)4.12
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

  • TFF has a Yearly Dividend Yield of 3.02%.
  • Compared to an average industry Dividend Yield of 3.67, TFF has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.91, TFF pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.02%

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

  • TFF pays out 44.70% of its income as dividend. 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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Find the best dividend stocksShow peers with best dividend

TFF.PA Fundamentals: All Metrics, Ratios and Statistics

TFF GROUP

EPA:TFF (3/17/2026, 7:00:00 PM)

16.9

+0.1 (+0.6%)

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 Cap366.39M
Revenue(TTM)425.43M
Net Income(TTM)30.70M
Analysts75.56
Price Target21.07 (24.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.02%
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)-1.12%
Revenue NY rev (3m)-1.12%
Valuation
Industry RankSector Rank
PE 11.9
Fwd PE 21.51
P/S 0.86
P/FCF N/A
P/OCF 37.01
P/B 0.75
P/tB 1
EV/EBITDA 6.62
EPS(TTM)1.42
EY8.4%
EPS(NY)0.79
Fwd EY4.65%
FCF(TTM)-0.81
FCFYN/A
OCF(TTM)0.46
OCFY2.7%
SpS19.62
BVpS22.49
TBVpS16.98
PEG (NY)N/A
PEG (5Y)4.12
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 2.15
F-Score4
WACC5.81%
ROIC/WACC0.87
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 11.9 and the Price/Book (PB) ratio is 0.75.


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.