TECNOGLASS INC (TGLS) Stock Fundamental Analysis
NYSE:TGLS - New York Stock Exchange, Inc. - KYG872641009 - Common Stock - Currency: USD
Overall TGLS gets a fundamental rating of 6 out of 10. We evaluated TGLS against 40 industry peers in the Building Products industry. TGLS gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, TGLS is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
TGLS had positive earnings in the past year.
TGLS had a positive operating cash flow in the past year.
In the past 5 years TGLS has always been profitable.
TGLS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of TGLS (15.12%) is better than 82.50% of its industry peers.
With a decent Return On Equity value of 24.56%, TGLS is doing good in the industry, outperforming 72.50% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 19.36%, TGLS belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TGLS is significantly above the industry average of 13.20%.
The last Return On Invested Capital (19.36%) for TGLS is well below the 3 year average (24.28%), which needs to be investigated, but indicates that TGLS had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.12% | ||
| ROE | 24.56% | ||
| ROIC | 19.36% |
ROA(3y)17.24%
ROA(5y)12.11%
ROE(3y)35.32%
ROE(5y)26.12%
ROIC(3y)24.28%
ROIC(5y)18.49%
1.3 Margins
With an excellent Profit Margin value of 17.82%, TGLS belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
TGLS's Profit Margin has improved in the last couple of years.
TGLS has a better Operating Margin (24.90%) than 97.50% of its industry peers.
In the last couple of years the Operating Margin of TGLS has grown nicely.
TGLS's Gross Margin of 42.17% is fine compared to the rest of the industry. TGLS outperforms 80.00% of its industry peers.
In the last couple of years the Gross Margin of TGLS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.9% | ||
| PM (TTM) | 17.82% | ||
| GM | 42.17% |
OM growth 3Y21.35%
OM growth 5Y19.63%
PM growth 3Y51.22%
PM growth 5Y55.35%
GM growth 3Y8.22%
GM growth 5Y7.69%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TGLS is creating value.
The number of shares outstanding for TGLS has been reduced compared to 1 year ago.
Compared to 5 years ago, TGLS has more shares outstanding
Compared to 1 year ago, TGLS has an improved debt to assets ratio.
2.2 Solvency
TGLS has an Altman-Z score of 7.84. This indicates that TGLS is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of TGLS (7.84) is better than 90.00% of its industry peers.
TGLS has a debt to FCF ratio of 1.48. This is a very positive value and a sign of high solvency as it would only need 1.48 years to pay back of all of its debts.
TGLS has a better Debt to FCF ratio (1.48) than 75.00% of its industry peers.
A Debt/Equity ratio of 0.20 indicates that TGLS is not too dependend on debt financing.
TGLS has a Debt to Equity ratio of 0.20. This is in the better half of the industry: TGLS outperforms 67.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.48 | ||
| Altman-Z | 7.84 |
ROIC/WACC1.84
WACC10.5%
2.3 Liquidity
TGLS has a Current Ratio of 2.21. This indicates that TGLS is financially healthy and has no problem in meeting its short term obligations.
TGLS has a Current ratio (2.21) which is in line with its industry peers.
TGLS has a Quick Ratio of 1.63. This is a normal value and indicates that TGLS is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of TGLS (1.63) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.21 | ||
| Quick Ratio | 1.63 |
3. Growth
3.1 Past
The earnings per share for TGLS have decreased strongly by -20.37% in the last year.
Measured over the past years, TGLS shows a very strong growth in Earnings Per Share. The EPS has been growing by 36.17% on average per year.
The Revenue has decreased by -0.53% in the past year.
TGLS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.57% yearly.
EPS 1Y (TTM)-20.37%
EPS 3Y70.71%
EPS 5Y36.17%
EPS Q2Q%10.2%
Revenue 1Y (TTM)-0.53%
Revenue growth 3Y30.31%
Revenue growth 5Y17.57%
Sales Q2Q%13.09%
3.2 Future
Based on estimates for the next years, TGLS will show a small growth in Earnings Per Share. The EPS will grow by 5.97% on average per year.
TGLS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.44% yearly.
EPS Next Y-7.23%
EPS Next 2Y4.61%
EPS Next 3Y6.96%
EPS Next 5Y5.97%
Revenue Next Year6.04%
Revenue Next 2Y8.19%
Revenue Next 3Y7.99%
Revenue Next 5Y5.44%
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
A Price/Earnings ratio of 20.36 indicates a rather expensive valuation of TGLS.
Compared to the rest of the industry, the Price/Earnings ratio of TGLS is on the same level as its industry peers.
TGLS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.63.
The Price/Forward Earnings ratio is 15.90, which indicates a correct valuation of TGLS.
62.50% of the companies in the same industry are more expensive than TGLS, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of TGLS to the average of the S&P500 Index (22.68), we can say TGLS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.36 | ||
| Fwd PE | 15.9 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TGLS is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TGLS indicates a slightly more expensive valuation: TGLS is more expensive than 67.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.7 | ||
| EV/EBITDA | 14.11 |
4.3 Compensation for Growth
The excellent profitability rating of TGLS may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.56
EPS Next 2Y4.61%
EPS Next 3Y6.96%
5. Dividend
5.1 Amount
TGLS has a yearly dividend return of 0.81%, which is pretty low.
Compared to an average industry Dividend Yield of 1.10, TGLS pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.81, TGLS pays less dividend than the S&P500 average, which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.81% |
5.2 History
On average, the dividend of TGLS grows each year by 36.17%, which is quite nice.
TGLS has been paying a dividend for over 5 years, so it has already some track record.
TGLS has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)36.17%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
12.48% of the earnings are spent on dividend by TGLS. This is a low number and sustainable payout ratio.
The dividend of TGLS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP12.48%
EPS Next 2Y4.61%
EPS Next 3Y6.96%
69.24
-1.75 (-2.47%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners48.17%
Inst Owner Change1.73%
Ins Owners0.25%
Ins Owner Change-3.44%
Market Cap3.25B
Analysts78.18
Price Target87.47 (26.33%)
Short Float %8.16%
Short Ratio7.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.81% |
Yearly Dividend0.35
Dividend Growth(5Y)36.17%
DP12.48%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.9%
Min EPS beat(2)1.91%
Max EPS beat(2)5.88%
EPS beat(4)3
Avg EPS beat(4)1.9%
Min EPS beat(4)-2.92%
Max EPS beat(4)5.88%
EPS beat(8)6
Avg EPS beat(8)5.04%
EPS beat(12)10
Avg EPS beat(12)10.72%
EPS beat(16)14
Avg EPS beat(16)15.6%
Revenue beat(2)0
Avg Revenue beat(2)-2.26%
Min Revenue beat(2)-2.72%
Max Revenue beat(2)-1.8%
Revenue beat(4)0
Avg Revenue beat(4)-2.64%
Min Revenue beat(4)-4.91%
Max Revenue beat(4)-1.15%
Revenue beat(8)3
Avg Revenue beat(8)0.18%
Revenue beat(12)6
Avg Revenue beat(12)2.45%
Revenue beat(16)10
Avg Revenue beat(16)4.04%
PT rev (1m)3%
PT rev (3m)21.8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2%
EPS NY rev (1m)0%
EPS NY rev (3m)2.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.36 | ||
| Fwd PE | 15.9 | ||
| P/S | 3.85 | ||
| P/FCF | 38.7 | ||
| P/OCF | 21.17 | ||
| P/B | 5.31 | ||
| P/tB | 5.55 | ||
| EV/EBITDA | 14.11 |
EPS(TTM)3.4
EY4.91%
EPS(NY)4.36
Fwd EY6.29%
FCF(TTM)1.79
FCFY2.58%
OCF(TTM)3.27
OCFY4.72%
SpS17.98
BVpS13.05
TBVpS12.47
PEG (NY)N/A
PEG (5Y)0.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.12% | ||
| ROE | 24.56% | ||
| ROCE | 28.1% | ||
| ROIC | 19.36% | ||
| ROICexc | 23.24% | ||
| ROICexgc | 24.3% | ||
| OM | 24.9% | ||
| PM (TTM) | 17.82% | ||
| GM | 42.17% | ||
| FCFM | 9.95% |
ROA(3y)17.24%
ROA(5y)12.11%
ROE(3y)35.32%
ROE(5y)26.12%
ROIC(3y)24.28%
ROIC(5y)18.49%
ROICexc(3y)30.15%
ROICexc(5y)22.64%
ROICexgc(3y)32.1%
ROICexgc(5y)24.2%
ROCE(3y)35.23%
ROCE(5y)26.82%
ROICexcg growth 3Y32.95%
ROICexcg growth 5Y23.85%
ROICexc growth 3Y34.51%
ROICexc growth 5Y25.26%
OM growth 3Y21.35%
OM growth 5Y19.63%
PM growth 3Y51.22%
PM growth 5Y55.35%
GM growth 3Y8.22%
GM growth 5Y7.69%
F-Score5
Asset Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.48 | ||
| Debt/EBITDA | 0.52 | ||
| Cap/Depr | 269.81% | ||
| Cap/Sales | 8.24% | ||
| Interest Coverage | 18.83 | ||
| Cash Conversion | 65.08% | ||
| Profit Quality | 55.83% | ||
| Current Ratio | 2.21 | ||
| Quick Ratio | 1.63 | ||
| Altman-Z | 7.84 |
F-Score5
WACC10.5%
ROIC/WACC1.84
Cap/Depr(3y)321.56%
Cap/Depr(5y)232.73%
Cap/Sales(3y)9.89%
Cap/Sales(5y)8.07%
Profit Quality(3y)58.37%
Profit Quality(5y)80.28%
High Growth Momentum
Growth
EPS 1Y (TTM)-20.37%
EPS 3Y70.71%
EPS 5Y36.17%
EPS Q2Q%10.2%
EPS Next Y-7.23%
EPS Next 2Y4.61%
EPS Next 3Y6.96%
EPS Next 5Y5.97%
Revenue 1Y (TTM)-0.53%
Revenue growth 3Y30.31%
Revenue growth 5Y17.57%
Sales Q2Q%13.09%
Revenue Next Year6.04%
Revenue Next 2Y8.19%
Revenue Next 3Y7.99%
Revenue Next 5Y5.44%
EBIT growth 1Y-25.54%
EBIT growth 3Y58.13%
EBIT growth 5Y40.65%
EBIT Next Year4.04%
EBIT Next 3Y10.94%
EBIT Next 5Y7.93%
FCF growth 1Y66.87%
FCF growth 3Y4.46%
FCF growth 5YN/A
OCF growth 1Y31.85%
OCF growth 3Y24.64%
OCF growth 5YN/A