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TPI COMPOSITES INC (TPIC) Stock Fundamental Analysis

NASDAQ:TPIC - Nasdaq - US87266J1043 - Common Stock

1.46  -0.1 (-6.41%)

After market: 1.51 +0.05 (+3.42%)

Fundamental Rating

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Taking everything into account, TPIC scores 1 out of 10 in our fundamental rating. TPIC was compared to 93 industry peers in the Electrical Equipment industry. Both the profitability and financial health of TPIC have multiple concerns. TPIC is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

TPIC had negative earnings in the past year.
In the past year TPIC has reported a negative cash flow from operations.
In the past 5 years TPIC always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: TPIC reported negative operating cash flow in multiple years.
TPIC Yearly Net Income VS EBIT VS OCF VS FCFTPIC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M -100M -150M

1.2 Ratios

TPIC has a Return On Assets of -23.82%. This is comparable to the rest of the industry: TPIC outperforms 41.76% of its industry peers.
Industry RankSector Rank
ROA -23.82%
ROE N/A
ROIC N/A
ROA(3y)-17.14%
ROA(5y)-11.06%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TPIC Yearly ROA, ROE, ROICTPIC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 100

1.3 Margins

TPIC does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
TPIC Yearly Profit, Operating, Gross MarginsTPIC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10 -10

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2. Health

2.1 Basic Checks

TPIC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for TPIC has been increased compared to 1 year ago.
Compared to 5 years ago, TPIC has more shares outstanding
The debt/assets ratio for TPIC is higher compared to a year ago.
TPIC Yearly Shares OutstandingTPIC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M
TPIC Yearly Total Debt VS Total AssetsTPIC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.2 Solvency

TPIC has an Altman-Z score of -0.13. This is a bad value and indicates that TPIC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -0.13, TPIC perfoms like the industry average, outperforming 41.76% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -0.13
ROIC/WACCN/A
WACC5.51%
TPIC Yearly LT Debt VS Equity VS FCFTPIC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M 300M 400M

2.3 Liquidity

A Current Ratio of 0.95 indicates that TPIC may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.95, TPIC is doing worse than 82.42% of the companies in the same industry.
TPIC has a Quick Ratio of 0.95. This is a bad value and indicates that TPIC is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of TPIC (0.94) is worse than 64.84% of its industry peers.
Industry RankSector Rank
Current Ratio 0.95
Quick Ratio 0.94
TPIC Yearly Current Assets VS Current LiabilitesTPIC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 36.12% over the past year.
TPIC shows a decrease in Revenue. In the last year, the revenue decreased by -7.43%.
TPIC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.16% yearly.
EPS 1Y (TTM)36.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%50.88%
Revenue 1Y (TTM)-7.43%
Revenue growth 3Y8.38%
Revenue growth 5Y7.16%
Sales Q2Q%2.12%

3.2 Future

The Earnings Per Share is expected to grow by 24.44% on average over the next years. This is a very strong growth
TPIC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.99% yearly.
EPS Next Y-2.59%
EPS Next 2Y34.65%
EPS Next 3Y24.44%
EPS Next 5YN/A
Revenue Next Year-9.67%
Revenue Next 2Y2.74%
Revenue Next 3Y5.19%
Revenue Next 5Y9.99%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
TPIC Yearly Revenue VS EstimatesTPIC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B 2.5B
TPIC Yearly EPS VS EstimatesTPIC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -2 -4

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4. Valuation

4.1 Price/Earnings Ratio

TPIC reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for TPIC. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
TPIC Price Earnings VS Forward Price EarningsTPIC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
TPIC Per share dataTPIC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

A more expensive valuation may be justified as TPIC's earnings are expected to grow with 24.44% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.65%
EPS Next 3Y24.44%

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5. Dividend

5.1 Amount

TPIC does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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TPI COMPOSITES INC

NASDAQ:TPIC (1/21/2025, 7:26:37 PM)

After market: 1.51 +0.05 (+3.42%)

1.46

-0.1 (-6.41%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)02-20 2025-02-20/amc
Inst Owners74.41%
Inst Owner Change-0.28%
Ins Owners7.25%
Ins Owner Change0.26%
Market Cap69.44M
Analysts71
Price Target3.9 (167.12%)
Short Float %17.42%
Short Ratio3.64
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-323.86%
Min EPS beat(2)-453.63%
Max EPS beat(2)-194.08%
EPS beat(4)1
Avg EPS beat(4)-146.4%
Min EPS beat(4)-453.63%
Max EPS beat(4)134.55%
EPS beat(8)1
Avg EPS beat(8)-133.38%
EPS beat(12)2
Avg EPS beat(12)-95.11%
EPS beat(16)4
Avg EPS beat(16)-303%
Revenue beat(2)1
Avg Revenue beat(2)-0.74%
Min Revenue beat(2)-2.94%
Max Revenue beat(2)1.47%
Revenue beat(4)1
Avg Revenue beat(4)-4.4%
Min Revenue beat(4)-15.1%
Max Revenue beat(4)1.47%
Revenue beat(8)2
Avg Revenue beat(8)-8.85%
Revenue beat(12)2
Avg Revenue beat(12)-15.07%
Revenue beat(16)2
Avg Revenue beat(16)-18.76%
PT rev (1m)-4.53%
PT rev (3m)-26.49%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-357.93%
EPS NY rev (1m)0%
EPS NY rev (3m)-33.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.51%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.05
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-3.75
EYN/A
EPS(NY)-0.78
Fwd EYN/A
FCF(TTM)-2.36
FCFYN/A
OCF(TTM)-1.47
OCFYN/A
SpS26.95
BVpS-6.77
TBVpS-6.77
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -23.82%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-17.14%
ROA(5y)-11.06%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover1.7
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 129.98%
Cap/Sales 3.31%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.95
Quick Ratio 0.94
Altman-Z -0.13
F-Score4
WACC5.51%
ROIC/WACCN/A
Cap/Depr(3y)68.32%
Cap/Depr(5y)106.01%
Cap/Sales(3y)2.08%
Cap/Sales(5y)3.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)36.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%50.88%
EPS Next Y-2.59%
EPS Next 2Y34.65%
EPS Next 3Y24.44%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.43%
Revenue growth 3Y8.38%
Revenue growth 5Y7.16%
Sales Q2Q%2.12%
Revenue Next Year-9.67%
Revenue Next 2Y2.74%
Revenue Next 3Y5.19%
Revenue Next 5Y9.99%
EBIT growth 1Y-8.15%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year80.06%
EBIT Next 3Y39.4%
EBIT Next 5Y23.57%
FCF growth 1Y-11.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y15.15%
OCF growth 3YN/A
OCF growth 5YN/A