TECNOGLASS INC (TGLS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TGLS - KYG872641009 - Common Stock
49.78 USD
+0.7 (+1.43%)
49.76 USD
-0.02 (-0.04%)
We assign a fundamental rating of 7 out of 10 to TGLS. TGLS was compared to 41 industry peers in the Building Products industry. Both the health and profitability get an excellent rating, making TGLS a very profitable company, without any liquidiy or solvency issues. TGLS has a correct valuation and a medium growth rate. This makes TGLS very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year TGLS was profitable.
In the past year TGLS had a positive cash flow from operations.
TGLS had positive earnings in each of the past 5 years.
Each year in the past 5 years TGLS had a positive operating cash flow.
1.2 Ratios
The Return On Assets of TGLS (14.70%) is better than 90.24% of its industry peers.
The Return On Equity of TGLS (23.62%) is better than 70.73% of its industry peers.
TGLS has a better Return On Invested Capital (20.04%) than 87.80% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TGLS is significantly above the industry average of 12.49%.
The 3 year average ROIC (25.80%) for TGLS is well above the current ROIC(20.04%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.7% | ||
| ROE | 23.62% | ||
| ROIC | 20.04% |
ROA(3y)18.69%
ROA(5y)14.42%
ROE(3y)34.52%
ROE(5y)28.6%
ROIC(3y)25.8%
ROIC(5y)21.42%
1.3 Margins
Looking at the Profit Margin, with a value of 18.46%, TGLS belongs to the top of the industry, outperforming 95.12% of the companies in the same industry.
TGLS's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 25.88%, TGLS belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of TGLS has grown nicely.
With an excellent Gross Margin value of 43.94%, TGLS belongs to the best of the industry, outperforming 87.80% of the companies in the same industry.
TGLS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.88% | ||
| PM (TTM) | 18.46% | ||
| GM | 43.94% |
OM growth 3Y2.69%
OM growth 5Y13.32%
PM growth 3Y9.7%
PM growth 5Y26.09%
GM growth 3Y1.53%
GM growth 5Y6.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TGLS is creating value.
TGLS has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, TGLS has more shares outstanding
TGLS has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.54 indicates that TGLS is not in any danger for bankruptcy at the moment.
TGLS has a better Altman-Z score (5.54) than 73.17% of its industry peers.
TGLS has a debt to FCF ratio of 1.91. This is a very positive value and a sign of high solvency as it would only need 1.91 years to pay back of all of its debts.
The Debt to FCF ratio of TGLS (1.91) is better than 68.29% of its industry peers.
TGLS has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
TGLS has a Debt to Equity ratio of 0.15. This is in the better half of the industry: TGLS outperforms 75.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.91 | ||
| Altman-Z | 5.54 |
ROIC/WACC2.09
WACC9.57%
2.3 Liquidity
TGLS has a Current Ratio of 1.98. This is a normal value and indicates that TGLS is financially healthy and should not expect problems in meeting its short term obligations.
TGLS has a Current ratio (1.98) which is in line with its industry peers.
A Quick Ratio of 1.40 indicates that TGLS should not have too much problems paying its short term obligations.
TGLS has a better Quick ratio (1.40) than 65.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.98 | ||
| Quick Ratio | 1.4 |
3. Growth
3.1 Past
TGLS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.65%, which is quite good.
The Earnings Per Share has been growing by 39.54% on average over the past years. This is a very strong growth
TGLS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.70%.
The Revenue has been growing by 15.62% on average over the past years. This is quite good.
EPS 1Y (TTM)17.65%
EPS 3Y28.76%
EPS 5Y39.54%
EPS Q2Q%-7.41%
Revenue 1Y (TTM)15.7%
Revenue growth 3Y21.46%
Revenue growth 5Y15.62%
Sales Q2Q%9.29%
3.2 Future
The Earnings Per Share is expected to grow by 7.30% on average over the next years.
TGLS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.92% yearly.
EPS Next Y16.03%
EPS Next 2Y15.41%
EPS Next 3Y12.32%
EPS Next 5Y7.3%
Revenue Next Year12.6%
Revenue Next 2Y11.87%
Revenue Next 3Y8.89%
Revenue Next 5Y6.92%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.45, TGLS is valued correctly.
Based on the Price/Earnings ratio, TGLS is valued a bit cheaper than 78.05% of the companies in the same industry.
TGLS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.31.
A Price/Forward Earnings ratio of 10.24 indicates a reasonable valuation of TGLS.
Based on the Price/Forward Earnings ratio, TGLS is valued cheaper than 82.93% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.59. TGLS is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.45 | ||
| Fwd PE | 10.24 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TGLS is valued a bit cheaper than the industry average as 78.05% of the companies are valued more expensively.
TGLS's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. TGLS is more expensive than 63.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.64 | ||
| EV/EBITDA | 8.04 |
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.
TGLS has an outstanding profitability rating, which may justify a higher PE ratio.
TGLS's earnings are expected to grow with 12.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.78
PEG (5Y)0.31
EPS Next 2Y15.41%
EPS Next 3Y12.32%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.22%, TGLS has a reasonable but not impressive dividend return.
The stock price of TGLS dropped by -31.41% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 1.35, TGLS pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.22, TGLS pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
5.2 History
The dividend of TGLS is nicely growing with an annual growth rate of 27.74%!
TGLS has paid a dividend for at least 10 years, which is a reliable track record.
TGLS has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)27.74%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
TGLS pays out 14.58% of its income as dividend. This is a sustainable payout ratio.
The dividend of TGLS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP14.58%
EPS Next 2Y15.41%
EPS Next 3Y12.32%
49.78
+0.7 (+1.43%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners53.61%
Inst Owner Change0.2%
Ins Owners0%
Ins Owner Change-3.55%
Market Cap2.32B
Revenue(TTM)977.89M
Net Income(TTM)180.48M
Analysts82
Price Target75.48 (51.63%)
Short Float %4.77%
Short Ratio3.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
Yearly Dividend0.42
Dividend Growth(5Y)27.74%
DP14.58%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.05%
Min EPS beat(2)-11.52%
Max EPS beat(2)5.41%
EPS beat(4)3
Avg EPS beat(4)1.11%
Min EPS beat(4)-11.52%
Max EPS beat(4)9.86%
EPS beat(8)6
Avg EPS beat(8)1.5%
EPS beat(12)9
Avg EPS beat(12)3.73%
EPS beat(16)13
Avg EPS beat(16)8.32%
Revenue beat(2)1
Avg Revenue beat(2)-0.95%
Min Revenue beat(2)-3.49%
Max Revenue beat(2)1.59%
Revenue beat(4)2
Avg Revenue beat(4)-0.4%
Min Revenue beat(4)-3.49%
Max Revenue beat(4)2.18%
Revenue beat(8)2
Avg Revenue beat(8)-1.52%
Revenue beat(12)5
Avg Revenue beat(12)-0.01%
Revenue beat(16)8
Avg Revenue beat(16)1.74%
PT rev (1m)-21.9%
PT rev (3m)-21.9%
EPS NQ rev (1m)-21.94%
EPS NQ rev (3m)-22.36%
EPS NY rev (1m)0%
EPS NY rev (3m)0.23%
Revenue NQ rev (1m)-7.23%
Revenue NQ rev (3m)-6.73%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.45 | ||
| Fwd PE | 10.24 | ||
| P/S | 2.37 | ||
| P/FCF | 39.64 | ||
| P/OCF | 13.98 | ||
| P/B | 3.03 | ||
| P/tB | 3.22 | ||
| EV/EBITDA | 8.04 |
EPS(TTM)4
EY8.04%
EPS(NY)4.86
Fwd EY9.77%
FCF(TTM)1.26
FCFY2.52%
OCF(TTM)3.56
OCFY7.16%
SpS21
BVpS16.4
TBVpS15.48
PEG (NY)0.78
PEG (5Y)0.31
Graham Number38.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.7% | ||
| ROE | 23.62% | ||
| ROCE | 28.26% | ||
| ROIC | 20.04% | ||
| ROICexc | 23.36% | ||
| ROICexgc | 24.75% | ||
| OM | 25.88% | ||
| PM (TTM) | 18.46% | ||
| GM | 43.94% | ||
| FCFM | 5.98% |
ROA(3y)18.69%
ROA(5y)14.42%
ROE(3y)34.52%
ROE(5y)28.6%
ROIC(3y)25.8%
ROIC(5y)21.42%
ROICexc(3y)31.86%
ROICexc(5y)26.41%
ROICexgc(3y)33.63%
ROICexgc(5y)28.08%
ROCE(3y)36.38%
ROCE(5y)30.2%
ROICexgc growth 3Y2.27%
ROICexgc growth 5Y18.89%
ROICexc growth 3Y3.41%
ROICexc growth 5Y19.71%
OM growth 3Y2.69%
OM growth 5Y13.32%
PM growth 3Y9.7%
PM growth 5Y26.09%
GM growth 3Y1.53%
GM growth 5Y6.26%
F-Score5
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.91 | ||
| Debt/EBITDA | 0.39 | ||
| Cap/Depr | 323.63% | ||
| Cap/Sales | 10.98% | ||
| Interest Coverage | 36.05 | ||
| Cash Conversion | 57.95% | ||
| Profit Quality | 32.41% | ||
| Current Ratio | 1.98 | ||
| Quick Ratio | 1.4 | ||
| Altman-Z | 5.54 |
F-Score5
WACC9.57%
ROIC/WACC2.09
Cap/Depr(3y)339.62%
Cap/Depr(5y)270.82%
Cap/Sales(3y)9.41%
Cap/Sales(5y)8.69%
Profit Quality(3y)45.01%
Profit Quality(5y)90.99%
High Growth Momentum
Growth
EPS 1Y (TTM)17.65%
EPS 3Y28.76%
EPS 5Y39.54%
EPS Q2Q%-7.41%
EPS Next Y16.03%
EPS Next 2Y15.41%
EPS Next 3Y12.32%
EPS Next 5Y7.3%
Revenue 1Y (TTM)15.7%
Revenue growth 3Y21.46%
Revenue growth 5Y15.62%
Sales Q2Q%9.29%
Revenue Next Year12.6%
Revenue Next 2Y11.87%
Revenue Next 3Y8.89%
Revenue Next 5Y6.92%
EBIT growth 1Y20.36%
EBIT growth 3Y24.72%
EBIT growth 5Y31.02%
EBIT Next Year39.01%
EBIT Next 3Y16.88%
EBIT Next 5Y12.44%
FCF growth 1Y1.54%
FCF growth 3Y11.4%
FCF growth 5Y164.7%
OCF growth 1Y14.95%
OCF growth 3Y13.28%
OCF growth 5Y46.01%
TECNOGLASS INC / TGLS FAQ
What is the fundamental rating for TGLS stock?
ChartMill assigns a fundamental rating of 7 / 10 to TGLS.
Can you provide the valuation status for TECNOGLASS INC?
ChartMill assigns a valuation rating of 6 / 10 to TECNOGLASS INC (TGLS). This can be considered as Fairly Valued.
How profitable is TECNOGLASS INC (TGLS) stock?
TECNOGLASS INC (TGLS) has a profitability rating of 9 / 10.
Can you provide the PE and PB ratios for TGLS stock?
The Price/Earnings (PE) ratio for TECNOGLASS INC (TGLS) is 12.45 and the Price/Book (PB) ratio is 3.03.
Is the dividend of TECNOGLASS INC sustainable?
The dividend rating of TECNOGLASS INC (TGLS) is 5 / 10 and the dividend payout ratio is 14.58%.