TFF GROUP |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 43 EUR | +0.94% |
|
-5.49% | -4.23% |
| Mar. 13 | TFF Group: 12% increase in nine-month sales | CF |
| Jan. 10 | TFF GROUP : Oddo BHF remains positive after half-year results | CF |
Valuation
| Fiscal Period: Aprile | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 869.4 | 607 | 633.1 | 641.7 | 895.4 | 932.2 | - | - |
| Enterprise Value (EV) 1 | 966.4 | 767.9 | 771.1 | 778.6 | 1,080 | 1,150 | 1,127 | 1,103 |
| P/E ratio | 28.2 x | 22.8 x | 31.7 x | 17.9 x | 16.9 x | 15.3 x | 14.4 x | 12.8 x |
| Yield | 0.87% | 1.25% | 1.2% | 1.35% | 0.97% | 1.12% | 1.16% | 1.29% |
| Capitalization / Revenue | 3.2 x | 2.17 x | 2.43 x | 2.12 x | 2.04 x | 1.92 x | 1.8 x | 1.7 x |
| EV / Revenue | 3.56 x | 2.75 x | 2.96 x | 2.57 x | 2.45 x | 2.36 x | 2.17 x | 2.01 x |
| EV / EBITDA | 18.1 x | 15 x | 16.1 x | 15.6 x | 11.6 x | 10.9 x | 9.87 x | 8.84 x |
| EV / FCF | -29.8 x | -14.1 x | 18.5 x | 46.9 x | -37 x | -99.1 x | 32.2 x | 31.6 x |
| FCF Yield | -3.35% | -7.08% | 5.4% | 2.13% | -2.7% | -1.01% | 3.1% | 3.17% |
| Price to Book | 2.54 x | 1.68 x | 1.72 x | 1.57 x | 2.02 x | 1.86 x | 1.68 x | 1.51 x |
| Nbr of stocks (in thousands) | 21,680 | 21,680 | 21,680 | 21,680 | 21,680 | 21,680 | - | - |
| Reference price 2 | 40.10 | 28.00 | 29.20 | 29.60 | 41.30 | 43.00 | 43.00 | 43.00 |
| Announcement Date | 7/9/19 | 7/13/20 | 7/12/21 | 7/13/22 | 7/12/23 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Aprile | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 271.7 | 279.7 | 260.9 | 302.6 | 439.8 | 486.5 | 519 | 548.6 |
| EBITDA 1 | 53.47 | 51.3 | 47.9 | 50.03 | 92.99 | 105.2 | 114.2 | 124.7 |
| EBIT 1 | 47.6 | 43.6 | 36.83 | 38.34 | 79.13 | 90.25 | 96.78 | 105.8 |
| Operating Margin | 17.52% | 15.59% | 14.12% | 12.67% | 17.99% | 18.55% | 18.64% | 19.29% |
| Earnings before Tax (EBT) 1 | 44.78 | 37.53 | 27.69 | 50.05 | 72.37 | 83 | 86 | 103 |
| Net income 1 | 30.8 | 26.8 | 20.04 | 35.86 | 52.82 | 60.67 | 64.2 | 73.53 |
| Net margin | 11.34% | 9.58% | 7.68% | 11.85% | 12.01% | 12.47% | 12.37% | 13.4% |
| EPS 2 | 1.420 | 1.230 | 0.9200 | 1.650 | 2.440 | 2.815 | 2.993 | 3.360 |
| Free Cash Flow 1 | -32.4 | -54.4 | 41.6 | 16.59 | -29.16 | -11.6 | 34.97 | 34.97 |
| FCF margin | -11.92% | -19.45% | 15.95% | 5.48% | -6.63% | -2.38% | 6.74% | 6.37% |
| FCF Conversion (EBITDA) | - | - | 86.85% | 33.15% | - | - | 30.61% | 28.03% |
| FCF Conversion (Net income) | - | - | 207.58% | 46.25% | - | - | 54.47% | 47.55% |
| Dividend per Share 2 | 0.3500 | 0.3500 | 0.3500 | 0.4000 | 0.4000 | 0.4800 | 0.5000 | 0.5533 |
| Announcement Date | 7/9/19 | 7/13/20 | 7/12/21 | 7/13/22 | 7/12/23 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: April | 2020 S1 | 2022 Q2 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|
| Net sales 1 | 156.6 | - | 264.3 | 105.2 |
| EBITDA | - | - | - | - |
| EBIT | 29.83 | - | - | - |
| Operating Margin | 19.05% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income | 18.95 | 15.43 | 39.31 | - |
| Net margin | 12.1% | - | 14.88% | - |
| EPS | - | 0.7100 | - | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 1/8/20 | 1/20/22 | 1/9/24 | 3/12/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: April | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 97 | 161 | 138 | 137 | 184 | 217 | 195 | 171 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.814 x | 3.136 x | 2.881 x | 2.736 x | 1.98 x | 2.065 x | 1.707 x | 1.371 x |
| Free Cash Flow 1 | -32.4 | -54.4 | 41.6 | 16.6 | -29.2 | -11.6 | 35 | 35 |
| ROE (net income / shareholders' equity) | 9.39% | 7.58% | 5.5% | 9.24% | 12.4% | 12.6% | 12.3% | 12.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 15.80 | 16.60 | 17.00 | 18.80 | 20.40 | 23.10 | 25.60 | 28.50 |
| Cash Flow per Share 2 | 2.360 | 2.170 | 1.770 | 2.930 | 4.080 | 3.520 | 3.860 | 4.250 |
| Capex 1 | 37 | 44.4 | 8.2 | 13.4 | 27.4 | 47.3 | 36.5 | 29.7 |
| Capex / Sales | 13.62% | 15.87% | 3.14% | 4.41% | 6.24% | 9.71% | 7.03% | 5.41% |
| Announcement Date | 7/9/19 | 7/13/20 | 7/12/21 | 7/13/22 | 7/12/23 | - | - | - |
1EUR in Million2EUR
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
43
EUR
Average target price
52.35
EUR
Spread / Average Target
+21.74%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -4.23% | 995M | |
| -31.32% | 338M |
- Stock Market
- Equities
- TFF Stock
- Financials TFF Group
