TPI COMPOSITES, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.78 USD | +16.32% |
|
+3.73% | -32.85% |
| Apr. 09 | TPI Composites, Inc. Announces Board Retirements | CI |
| Mar. 12 | TPI Composites, Inc. Announces Resignation of Lance Marram as Chief Commercial Officer, Effective on March 15, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 651.2 | 1,886 | 557.7 | 425.4 | 176.2 | 132 | - | - |
| Enterprise Value (EV) 1 | 721.3 | 1,973 | 380.1 | 291.7 | 489.5 | 493.4 | 469 | 427.4 |
| P/E ratio | -41.1 x | -97.7 x | -3.38 x | -3.43 x | -1 x | -1.89 x | -22.1 x | 33.5 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.45 x | 1.13 x | 0.32 x | 0.24 x | 0.12 x | 0.1 x | 0.08 x | 0.07 x |
| EV / Revenue | 0.5 x | 1.18 x | 0.22 x | 0.17 x | 0.34 x | 0.36 x | 0.27 x | 0.24 x |
| EV / EBITDA | 8.81 x | 20.9 x | 160 x | 3.97 x | -5.7 x | 25.3 x | 4.89 x | 4.04 x |
| EV / FCF | -41.6 x | -70.2 x | -6.07 x | -3.6 x | -4.18 x | -10.6 x | 15.6 x | - |
| FCF Yield | -2.4% | -1.42% | -16.5% | -27.8% | -23.9% | -9.39% | 6.42% | - |
| Price to Book | 3.18 x | 9.6 x | 1.49 x | 1.18 x | -1.57 x | -0.78 x | -0.76 x | -0.92 x |
| Nbr of stocks (in thousands) | 35,181 | 35,741 | 37,279 | 41,951 | 42,571 | 47,469 | - | - |
| Reference price 2 | 18.51 | 52.78 | 14.96 | 10.14 | 4.140 | 2.780 | 2.780 | 2.780 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/22/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,436 | 1,670 | 1,733 | 1,758 | 1,455 | 1,364 | 1,715 | 1,761 |
| EBITDA 1 | 81.91 | 94.5 | 2.377 | 73.56 | -85.92 | 19.5 | 95.81 | 105.9 |
| EBIT 1 | 15.89 | 18.77 | -97.7 | -38.62 | -163.6 | -35.69 | 35.9 | 42.96 |
| Operating Margin | 1.11% | 1.12% | -5.64% | -2.2% | -11.24% | -2.62% | 2.09% | 2.44% |
| Earnings before Tax (EBT) 1 | 7.407 | -7.743 | -132.8 | -29.5 | -178.9 | -79.37 | -5.085 | 4.914 |
| Net income 1 | -15.71 | -19.03 | -165.6 | -124.2 | -177.6 | -67.84 | -1.577 | 3.976 |
| Net margin | -1.09% | -1.14% | -9.56% | -7.06% | -12.21% | -4.97% | -0.09% | 0.23% |
| EPS 2 | -0.4500 | -0.5400 | -4.430 | -2.960 | -4.160 | -1.468 | -0.1255 | 0.0830 |
| Free Cash Flow 1 | -17.32 | -28.1 | -62.64 | -81.1 | -117.1 | -46.33 | 30.1 | - |
| FCF margin | -1.21% | -1.68% | -3.62% | -4.61% | -8.05% | -3.4% | 1.76% | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 31.42% | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/22/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 479.6 | 389.5 | 384.9 | 452.4 | 459.3 | 461.8 | 404.1 | 381.3 | 372.9 | 297 | 305.2 | 321.3 | 366.7 | 370.6 | 408.2 |
| EBITDA 1 | 0.179 | -28.26 | 6.117 | 10.29 | 16.36 | 40.79 | 8.399 | -38.88 | -27.38 | -28.05 | -13.36 | -7.629 | 17.3 | 22.09 | 19.01 |
| EBIT 1 | -23.99 | -68.47 | -12.84 | -8.038 | -2.842 | -14.9 | -7.997 | -62.21 | -46.91 | -46.48 | -27.58 | -22.6 | 5.694 | 11.25 | 10.6 |
| Operating Margin | -5% | -17.58% | -3.34% | -1.78% | -0.62% | -3.23% | -1.98% | -16.32% | -12.58% | -15.65% | -9.04% | -7.03% | 1.55% | 3.04% | 2.6% |
| Earnings before Tax (EBT) 1 | -22.43 | -90.55 | -12.86 | 1.244 | 8.644 | -26.53 | -11.29 | -64.87 | -48.72 | -54.01 | -37.87 | -33.5 | -2.657 | -1.23 | 1.618 |
| Net income 1 | -30.68 | -93.32 | -29.93 | -20.06 | -16.44 | -57.77 | -37.3 | -80.84 | -72.85 | 13.37 | -30.22 | -26 | -4.389 | -1.481 | -4.984 |
| Net margin | -6.4% | -23.96% | -7.78% | -4.43% | -3.58% | -12.51% | -9.23% | -21.2% | -19.54% | 4.5% | -9.9% | -8.09% | -1.2% | -0.4% | -1.22% |
| EPS 2 | -0.8300 | -2.390 | -0.7100 | -0.4800 | -0.3900 | -1.380 | -0.8800 | -1.900 | -1.710 | 0.3100 | -0.7091 | -0.6147 | -0.1134 | -0.0418 | -0.1303 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/8/21 | 2/24/22 | 5/5/22 | 8/3/22 | 11/3/22 | 2/22/23 | 5/3/23 | 8/3/23 | 11/2/23 | 2/22/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 70.1 | 86.7 | - | - | 313 | 361 | 337 | 295 |
| Net Cash position 1 | - | - | 178 | 134 | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.856 x | 0.9172 x | - | - | -3.646 x | 18.53 x | 3.517 x | 2.79 x |
| Free Cash Flow 1 | -17.3 | -28.1 | -62.6 | -81.1 | -117 | -46.3 | 30.1 | - |
| ROE (net income / shareholders' equity) | -7.37% | -9.37% | -36.6% | -33.9% | - | - | - | - |
| ROA (Net income/ Total Assets) | -2.19% | -2.13% | -16.9% | -12.6% | -20.1% | -10.6% | -3.05% | - |
| Assets 1 | 715.8 | 891.5 | 982 | 984.9 | 883.1 | 640 | 51.71 | - |
| Book Value Per Share 2 | 5.830 | 5.500 | 10.00 | 8.590 | -2.630 | -3.550 | -3.650 | -3.020 |
| Cash Flow per Share 2 | 1.630 | 1.060 | -0.6800 | 0.8100 | -1.900 | -0.1700 | 1.080 | - |
| Capex 1 | 74.4 | 65.7 | 37.1 | 18.8 | 36.1 | 28.3 | 32.8 | 32 |
| Capex / Sales | 5.18% | 3.93% | 2.14% | 1.07% | 2.48% | 2.07% | 1.91% | 1.82% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/22/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
2.78
USD
Average target price
4.618
USD
Spread / Average Target
+66.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -32.85% | 132M | |
| -14.35% | 26.45B | |
| +9.03% | 6.8B | |
| -1.50% | 4.68B | |
| -7.12% | 3.85B | |
| +28.18% | 2.5B | |
| -18.97% | 2.33B | |
| -27.69% | 1.69B | |
| +46.53% | 1.59B | |
| -28.77% | 1.5B |
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- Financials TPI Composites, Inc.
