TECNOGLASS INC (TGLS) Stock Fundamental Analysis
USA - NYSE:TGLS - KYG872641009 - Common Stock
69.54 USD
-0.5 (-0.71%)
69.54 USD
0 (0%)
Taking everything into account, TGLS scores 8 out of 10 in our fundamental rating. TGLS was compared to 41 industry peers in the Building Products industry. TGLS gets an excellent profitability rating and is at the same time showing great financial health properties. TGLS has a decent growth rate and is not valued too expensively. This makes TGLS very considerable for quality investing!
1. Profitability
1.1 Basic Checks
TGLS had positive earnings in the past year.
In the past year TGLS had a positive cash flow from operations.
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
With an excellent Return On Assets value of 15.48%, TGLS belongs to the best of the industry, outperforming 92.68% of the companies in the same industry.
The Return On Equity of TGLS (24.84%) is better than 80.49% of its industry peers.
TGLS has a better Return On Invested Capital (21.04%) 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 12.76%.
The last Return On Invested Capital (21.04%) for TGLS is well below the 3 year average (25.80%), which needs to be investigated, but indicates that TGLS had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.48% | ||
| ROE | 24.84% | ||
| ROIC | 21.04% |
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
With an excellent Profit Margin value of 19.13%, 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 Profit Margin of TGLS has grown nicely.
Looking at the Operating Margin, with a value of 26.72%, TGLS belongs to the top 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.
TGLS has a better Gross Margin (44.74%) than 87.80% of its industry peers.
TGLS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.72% | ||
| PM (TTM) | 19.13% | ||
| GM | 44.74% |
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
TGLS has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for TGLS remains at a similar level compared to 1 year ago.
TGLS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for TGLS has been reduced compared to a year ago.
2.2 Solvency
TGLS has an Altman-Z score of 6.98. This indicates that TGLS is financially healthy and has little risk of bankruptcy at the moment.
TGLS has a better Altman-Z score (6.98) than 85.37% of its industry peers.
TGLS has a debt to FCF ratio of 1.99. This is a very positive value and a sign of high solvency as it would only need 1.99 years to pay back of all of its debts.
The Debt to FCF ratio of TGLS (1.99) is better than 73.17% of its industry peers.
A Debt/Equity ratio of 0.15 indicates that TGLS is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.15, TGLS is doing good in the industry, outperforming 75.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.99 | ||
| Altman-Z | 6.98 |
ROIC/WACC2.05
WACC10.27%
2.3 Liquidity
TGLS has a Current Ratio of 2.00. 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 (2.00) which is comparable to the rest of the industry.
A Quick Ratio of 1.44 indicates that TGLS should not have too much problems paying its short term obligations.
TGLS has a Quick ratio (1.44) which is in line with its industry peers.
TGLS does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
TGLS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.64%, which is quite impressive.
Measured over the past years, TGLS shows a very strong growth in Earnings Per Share. The EPS has been growing by 39.54% on average per year.
The Revenue has grown by 16.90% in the past year. This is quite good.
TGLS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.62% yearly.
EPS 1Y (TTM)23.64%
EPS 3Y28.76%
EPS 5Y39.54%
EPS Q2Q%19.77%
Revenue 1Y (TTM)16.9%
Revenue growth 3Y21.46%
Revenue growth 5Y15.62%
Sales Q2Q%16.34%
3.2 Future
The Earnings Per Share is expected to grow by 10.29% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.33% on average over the next years.
EPS Next Y15.76%
EPS Next 2Y16.03%
EPS Next 3Y12.32%
EPS Next 5Y10.29%
Revenue Next Year12.71%
Revenue Next 2Y11.97%
Revenue Next 3Y8.89%
Revenue Next 5Y7.33%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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
The Price/Earnings ratio is 17.04, which indicates a rather expensive current valuation of TGLS.
Based on the Price/Earnings ratio, TGLS is valued a bit cheaper than the industry average as 68.29% of the companies are valued more expensively.
TGLS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.20.
Based on the Price/Forward Earnings ratio of 14.15, the valuation of TGLS can be described as correct.
TGLS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TGLS is cheaper than 75.61% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. TGLS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.04 | ||
| Fwd PE | 14.15 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TGLS is valued a bit cheaper than 68.29% of the companies in the same industry.
TGLS's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. TGLS is more expensive than 70.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 59.64 | ||
| EV/EBITDA | 11.33 |
4.3 Compensation for Growth
TGLS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
TGLS has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as TGLS's earnings are expected to grow with 12.32% in the coming years.
PEG (NY)1.08
PEG (5Y)0.43
EPS Next 2Y16.03%
EPS Next 3Y12.32%
5. Dividend
5.1 Amount
TGLS has a yearly dividend return of 0.82%, which is pretty low.
Compared to an average industry Dividend Yield of 1.13, TGLS pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, TGLS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.82% |
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 13.36% of its income as dividend. This is a sustainable payout ratio.
TGLS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP13.36%
EPS Next 2Y16.03%
EPS Next 3Y12.32%
69.54
-0.5 (-0.71%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners55.16%
Inst Owner Change2.96%
Ins Owners0%
Ins Owner Change-7.09%
Market Cap3.27B
Analysts82
Price Target96.65 (38.98%)
Short Float %8.66%
Short Ratio6.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.82% |
Yearly Dividend0.42
Dividend Growth(5Y)27.74%
DP13.36%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.63%
Min EPS beat(2)5.41%
Max EPS beat(2)9.86%
EPS beat(4)4
Avg EPS beat(4)5.46%
Min EPS beat(4)0.68%
Max EPS beat(4)9.86%
EPS beat(8)6
Avg EPS beat(8)2.85%
EPS beat(12)10
Avg EPS beat(12)7.98%
EPS beat(16)14
Avg EPS beat(16)10.75%
Revenue beat(2)2
Avg Revenue beat(2)1.89%
Min Revenue beat(2)1.59%
Max Revenue beat(2)2.18%
Revenue beat(4)2
Avg Revenue beat(4)-0.21%
Min Revenue beat(4)-2.72%
Max Revenue beat(4)2.18%
Revenue beat(8)2
Avg Revenue beat(8)-1.1%
Revenue beat(12)6
Avg Revenue beat(12)1.66%
Revenue beat(16)9
Avg Revenue beat(16)2.57%
PT rev (1m)0%
PT rev (3m)2.71%
EPS NQ rev (1m)0.36%
EPS NQ rev (3m)-6.97%
EPS NY rev (1m)-0.75%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)2.25%
Revenue NY rev (1m)0.69%
Revenue NY rev (3m)0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.04 | ||
| Fwd PE | 14.15 | ||
| P/S | 3.42 | ||
| P/FCF | 59.64 | ||
| P/OCF | 19.53 | ||
| P/B | 4.44 | ||
| P/tB | 4.71 | ||
| EV/EBITDA | 11.33 |
EPS(TTM)4.08
EY5.87%
EPS(NY)4.91
Fwd EY7.07%
FCF(TTM)1.17
FCFY1.68%
OCF(TTM)3.56
OCFY5.12%
SpS20.34
BVpS15.66
TBVpS14.75
PEG (NY)1.08
PEG (5Y)0.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.48% | ||
| ROE | 24.84% | ||
| ROCE | 29.67% | ||
| ROIC | 21.04% | ||
| ROICexc | 25.16% | ||
| ROICexgc | 26.76% | ||
| OM | 26.72% | ||
| PM (TTM) | 19.13% | ||
| GM | 44.74% | ||
| FCFM | 5.73% |
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%
ROICexcg growth 3Y2.27%
ROICexcg 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 Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.99 | ||
| Debt/EBITDA | 0.38 | ||
| Cap/Depr | 375.65% | ||
| Cap/Sales | 11.77% | ||
| Interest Coverage | 32.91 | ||
| Cash Conversion | 58.63% | ||
| Profit Quality | 29.97% | ||
| Current Ratio | 2 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 6.98 |
F-Score5
WACC10.27%
ROIC/WACC2.05
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)23.64%
EPS 3Y28.76%
EPS 5Y39.54%
EPS Q2Q%19.77%
EPS Next Y15.76%
EPS Next 2Y16.03%
EPS Next 3Y12.32%
EPS Next 5Y10.29%
Revenue 1Y (TTM)16.9%
Revenue growth 3Y21.46%
Revenue growth 5Y15.62%
Sales Q2Q%16.34%
Revenue Next Year12.71%
Revenue Next 2Y11.97%
Revenue Next 3Y8.89%
Revenue Next 5Y7.33%
EBIT growth 1Y25.45%
EBIT growth 3Y24.72%
EBIT growth 5Y31.02%
EBIT Next Year38.21%
EBIT Next 3Y16.14%
EBIT Next 5Y12.33%
FCF growth 1Y39.77%
FCF growth 3Y11.4%
FCF growth 5Y164.7%
OCF growth 1Y37.01%
OCF growth 3Y13.28%
OCF growth 5Y46.01%