TITAN MACHINERY INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 22.7 USD | +0.40% |
|
-2.32% | -21.40% |
| Mar. 22 | B. Riley Securities Adjusts Titan Machinery's Price Target to $32 From $43, Maintains Buy Rating | MT |
| Mar. 21 | Transcript : Titan Machinery Inc., Q4 2024 Earnings Call, Mar 21, 2024 |
Valuation
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 268.2 | 472.7 | 682.9 | 984.2 | 603.3 | 510.4 | - | - |
| Enterprise Value (EV) 1 | 268.2 | 472.7 | 682.9 | 984.2 | 603.3 | 510.4 | 510.4 | 510.4 |
| P/E ratio | 19.4 x | 24.8 x | 10.5 x | 9.79 x | 5.42 x | 7.05 x | 6.72 x | 7.07 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.21 x | 0.33 x | 0.4 x | 0.45 x | 0.22 x | 0.17 x | 0.17 x | 0.17 x |
| EV / Revenue | 0.21 x | 0.33 x | 0.4 x | 0.45 x | 0.22 x | 0.17 x | 0.17 x | 0.17 x |
| EV / EBITDA | 5.05 x | 7.23 x | 5.96 x | 5.93 x | 3.19 x | 3.55 x | 3.48 x | - |
| EV / FCF | - | 3.09 x | 5.63 x | -37.3 x | -6.37 x | 6.68 x | 3.29 x | 10.7 x |
| FCF Yield | - | 32.3% | 17.8% | -2.68% | -15.7% | 15% | 30.4% | 9.36% |
| Price to Book | - | - | - | - | - | 0.74 x | 0.95 x | 0.92 x |
| Nbr of stocks (in thousands) | 21,968 | 22,195 | 22,171 | 22,399 | 22,569 | 22,483 | - | - |
| Reference price 2 | 12.21 | 21.30 | 30.80 | 43.94 | 26.73 | 22.70 | 22.70 | 22.70 |
| Announcement Date | 3/26/20 | 3/18/21 | 3/24/22 | 3/16/23 | 3/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,305 | 1,411 | 1,712 | 2,209 | 2,758 | 2,993 | 3,015 | 3,017 |
| EBITDA 1 | 53.1 | 65.37 | 114.5 | 165.9 | 189.3 | 143.6 | 146.8 | - |
| EBIT 1 | 25.1 | 37.41 | 90.18 | 138.3 | 168.8 | 126.7 | 122.4 | 125.5 |
| Operating Margin | 1.92% | 2.65% | 5.27% | 6.26% | 6.12% | 4.23% | 4.06% | 4.16% |
| Earnings before Tax (EBT) 1 | 14.65 | 30.75 | 86.9 | 135.2 | 151 | 97.62 | 102.3 | 97.38 |
| Net income 1 | 13.95 | 19.36 | 66.05 | 101.9 | 112.4 | 72.89 | 76.83 | 73.04 |
| Net margin | 1.07% | 1.37% | 3.86% | 4.61% | 4.08% | 2.44% | 2.55% | 2.42% |
| EPS 2 | 0.6300 | 0.8600 | 2.920 | 4.490 | 4.930 | 3.222 | 3.378 | 3.210 |
| Free Cash Flow 1 | - | 152.9 | 121.3 | -26.4 | -94.64 | 76.37 | 154.9 | 47.77 |
| FCF margin | - | 10.84% | 7.09% | -1.19% | -3.43% | 2.55% | 5.14% | 1.58% |
| FCF Conversion (EBITDA) | - | 233.9% | 105.94% | - | - | 53.19% | 105.53% | - |
| FCF Conversion (Net income) | - | 789.97% | 183.64% | - | - | 104.78% | 201.64% | 65.4% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 3/26/20 | 3/18/21 | 3/24/22 | 3/16/23 | 3/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: January | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 454 | 507.6 | 461 | 496.5 | 668.8 | 583 | 569.6 | 642.6 | 694.1 | 852.1 | 661.6 | 713.5 | 798.5 | 819.6 | 680.3 |
| EBITDA 1 | 35.28 | 35.87 | 30.19 | 40.24 | 63.45 | 32.07 | 43.55 | 50.39 | 50.07 | 45.27 | 31.69 | 36.38 | 41.76 | 33.9 | 30.6 |
| EBIT 1 | 29.54 | 29.66 | 24.54 | 33.87 | 54.72 | 25.19 | 37.26 | 44.65 | 46.23 | 40.71 | 26.58 | 32.33 | 38.44 | 29.39 | 27.4 |
| Operating Margin | 6.51% | 5.84% | 5.32% | 6.82% | 8.18% | 4.32% | 6.54% | 6.95% | 6.66% | 4.78% | 4.02% | 4.53% | 4.81% | 3.59% | 4.03% |
| Earnings before Tax (EBT) 1 | 28.82 | 28.77 | 23.58 | 33.15 | 54.68 | 23.83 | 35.44 | 41.59 | 40.45 | 33.56 | 18.55 | 24.55 | 31.51 | 22.99 | 21.1 |
| Net income 1 | 21.82 | 22.44 | 17.54 | 24.96 | 41.26 | 18.11 | 26.96 | 31.32 | 30.19 | 23.96 | 13.86 | 18.34 | 23.54 | 17.16 | 15.9 |
| Net margin | 4.81% | 4.42% | 3.8% | 5.03% | 6.17% | 3.11% | 4.73% | 4.87% | 4.35% | 2.81% | 2.1% | 2.57% | 2.95% | 2.09% | 2.34% |
| EPS 2 | 0.9700 | 0.9900 | 0.7800 | 1.100 | 1.820 | 0.8000 | 1.190 | 1.380 | 1.320 | 1.050 | 0.6140 | 0.8120 | 1.040 | 0.7560 | 0.6050 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/23/21 | 3/24/22 | 5/26/22 | 8/25/22 | 11/30/22 | 3/16/23 | 5/25/23 | 8/31/23 | 11/30/23 | 3/21/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 153 | 121 | -26.4 | -94.6 | 76.4 | 155 | 47.8 |
| ROE (net income / shareholders' equity) | - | 7.88% | 16.7% | 21.1% | 18.8% | 10.4% | 10% | - |
| ROA (Net income/ Total Assets) | - | 3.15% | 7.64% | 9.61% | 7.07% | 3.6% | 3.9% | - |
| Assets 1 | - | 614 | 865.1 | 1,060 | 1,590 | 2,025 | 1,970 | - |
| Book Value Per Share 2 | - | - | - | - | - | 30.60 | 24.00 | 24.70 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | - | 20.1 | 37.6 | 37.2 | 62.4 | 44.5 | 38.5 | 42 |
| Capex / Sales | - | 1.42% | 2.2% | 1.68% | 2.26% | 1.49% | 1.28% | 1.39% |
| Announcement Date | 3/26/20 | 3/18/21 | 3/24/22 | 3/16/23 | 3/21/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
22.7
USD
Average target price
31.8
USD
Spread / Average Target
+40.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -21.40% | 510M | |
| +11.54% | 7.78B | |
| +12.00% | 4.47B | |
| -28.00% | 1.55B | |
| +9.61% | 872M | |
| +13.12% | 542M | |
| -1.81% | 493M | |
| +12.09% | 312M | |
| -16.02% | 284M | |
| +7.53% | 204M |
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