TESSENDERLO GROUP (TESB.BR) Fundamental Analysis & Valuation

EBR:TESB • BE0003555639

25.55 EUR
+0.2 (+0.79%)
Last: Mar 11, 2026, 05:04 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This TESB.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall TESB gets a fundamental rating of 4 out of 10. We evaluated TESB against 67 industry peers in the Chemicals industry. The financial health of TESB is average, but there are quite some concerns on its profitability. TESB has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

3

1. TESB.BR Profitability Analysis

1.1 Basic Checks

  • In the past year TESB has reported negative net income.
  • TESB had a positive operating cash flow in the past year.
  • TESB had positive earnings in each of the past 5 years.
  • In the past 5 years TESB always reported a positive cash flow from operatings.
TESB.BR Yearly Net Income VS EBIT VS OCF VS FCFTESB.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

1.2 Ratios

  • The Return On Assets of TESB (-0.96%) is worse than 67.16% of its industry peers.
  • TESB's Return On Equity of -1.52% is on the low side compared to the rest of the industry. TESB is outperformed by 65.67% of its industry peers.
  • With a Return On Invested Capital value of 2.47%, TESB perfoms like the industry average, outperforming 50.75% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for TESB is in line with the industry average of 6.88%.
Industry RankSector Rank
ROA -0.96%
ROE -1.52%
ROIC 2.47%
ROA(3y)5.03%
ROA(5y)5.73%
ROE(3y)8.04%
ROE(5y)10.34%
ROIC(3y)6.25%
ROIC(5y)7.52%
TESB.BR Yearly ROA, ROE, ROICTESB.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • In the last couple of years the Profit Margin of TESB has declined.
  • TESB has a Operating Margin (2.61%) which is in line with its industry peers.
  • TESB's Operating Margin has declined in the last couple of years.
  • TESB has a worse Gross Margin (19.33%) than 71.64% of its industry peers.
  • In the last couple of years the Gross Margin of TESB has declined.
Industry RankSector Rank
OM 2.61%
PM (TTM) N/A
GM 19.33%
OM growth 3Y-39.29%
OM growth 5Y-20.88%
PM growth 3Y-43.63%
PM growth 5Y-21.76%
GM growth 3Y-9.65%
GM growth 5Y-5.01%
TESB.BR Yearly Profit, Operating, Gross MarginsTESB.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. TESB.BR Health Analysis

2.1 Basic Checks

  • TESB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • TESB has less shares outstanding than it did 1 year ago.
  • TESB has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for TESB is higher compared to a year ago.
TESB.BR Yearly Shares OutstandingTESB.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
TESB.BR Yearly Total Debt VS Total AssetsTESB.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • An Altman-Z score of 2.03 indicates that TESB is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • TESB has a Altman-Z score (2.03) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of TESB is 2.34, which is a good value as it means it would take TESB, 2.34 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of TESB (2.34) is better than 91.04% of its industry peers.
  • A Debt/Equity ratio of 0.06 indicates that TESB is not too dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.06, TESB belongs to the best of the industry, outperforming 88.06% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 2.34
Altman-Z 2.03
ROIC/WACC0.34
WACC7.26%
TESB.BR Yearly LT Debt VS Equity VS FCFTESB.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.3 Liquidity

  • TESB has a Current Ratio of 1.94. This is a normal value and indicates that TESB is financially healthy and should not expect problems in meeting its short term obligations.
  • TESB's Current ratio of 1.94 is fine compared to the rest of the industry. TESB outperforms 64.18% of its industry peers.
  • A Quick Ratio of 1.18 indicates that TESB should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.18, TESB perfoms like the industry average, outperforming 58.21% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.94
Quick Ratio 1.18
TESB.BR Yearly Current Assets VS Current LiabilitesTESB.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. TESB.BR Growth Analysis

3.1 Past

  • The earnings per share for TESB have decreased strongly by -131.18% in the last year.
  • Measured over the past years, TESB shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -20.75% on average per year.
  • The Revenue has been growing slightly by 2.05% in the past year.
  • Measured over the past years, TESB shows a quite strong growth in Revenue. The Revenue has been growing by 8.72% on average per year.
EPS 1Y (TTM)-131.18%
EPS 3Y-45.77%
EPS 5Y-20.75%
EPS Q2Q%-116.23%
Revenue 1Y (TTM)2.05%
Revenue growth 3Y8.35%
Revenue growth 5Y8.72%
Sales Q2Q%7.08%

3.2 Future

  • Based on estimates for the next years, TESB will show a very strong growth in Earnings Per Share. The EPS will grow by 24.19% on average per year.
  • TESB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.77% yearly.
EPS Next Y13.13%
EPS Next 2Y28.4%
EPS Next 3Y24.19%
EPS Next 5YN/A
Revenue Next Year1.98%
Revenue Next 2Y3.63%
Revenue Next 3Y3.79%
Revenue Next 5Y3.77%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TESB.BR Yearly Revenue VS EstimatesTESB.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
TESB.BR Yearly EPS VS EstimatesTESB.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5

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Find the best growth stocksShow best growing peers

5

4. TESB.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • TESB reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • With a Price/Forward Earnings ratio of 13.51, TESB is valued correctly.
  • 73.13% of the companies in the same industry are more expensive than TESB, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of TESB to the average of the S&P500 Index (24.27), we can say TESB is valued slightly cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 13.51
TESB.BR Price Earnings VS Forward Price EarningsTESB.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TESB is valued cheaply inside the industry as 94.03% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TESB indicates a rather cheap valuation: TESB is cheaper than 83.58% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.72
EV/EBITDA 4.91
TESB.BR Per share dataTESB.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • TESB's earnings are expected to grow with 24.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.4%
EPS Next 3Y24.19%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. TESB.BR Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.03%, TESB has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.29, TESB has a dividend in line with its industry peers.
  • TESB's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.03%

5.2 History

  • On average, the dividend of TESB grows each year by 6.16%, which is quite nice.
Dividend Growth(5Y)6.16%
Div Incr Years0
Div Non Decr Years2
TESB.BR Yearly Dividends per shareTESB.BR Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • The earnings of TESB are negative and hence is the payout ratio. TESB will probably not be able to sustain this dividend level.
  • The dividend of TESB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-166.05%
EPS Next 2Y28.4%
EPS Next 3Y24.19%
TESB.BR Yearly Income VS Free CF VS DividendTESB.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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TESB.BR Fundamentals: All Metrics, Ratios and Statistics

TESSENDERLO GROUP

EBR:TESB (3/11/2026, 5:04:57 PM)

25.55

+0.2 (+0.79%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)N/A
Earnings (Next)04-01
Inst Owners6.92%
Inst Owner ChangeN/A
Ins Owners68.68%
Ins Owner ChangeN/A
Market Cap1.51B
Revenue(TTM)2.75B
Net Income(TTM)-27.10M
Analysts76.36
Price Target27.54 (7.79%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.03%
Yearly Dividend0.88
Dividend Growth(5Y)6.16%
DP-166.05%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-0.92%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-10.79%
EPS NY rev (3m)-10.79%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)-0.35%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 13.51
P/S 0.55
P/FCF 13.72
P/OCF 5.23
P/B 0.85
P/tB 0.97
EV/EBITDA 4.91
EPS(TTM)-0.45
EYN/A
EPS(NY)1.89
Fwd EY7.4%
FCF(TTM)1.86
FCFY7.29%
OCF(TTM)4.89
OCFY19.13%
SpS46.5
BVpS30.17
TBVpS26.27
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.96%
ROE -1.52%
ROCE 3.29%
ROIC 2.47%
ROICexc 2.77%
ROICexgc 3.14%
OM 2.61%
PM (TTM) N/A
GM 19.33%
FCFM 4.01%
ROA(3y)5.03%
ROA(5y)5.73%
ROE(3y)8.04%
ROE(5y)10.34%
ROIC(3y)6.25%
ROIC(5y)7.52%
ROICexc(3y)6.83%
ROICexc(5y)8.71%
ROICexgc(3y)7.61%
ROICexgc(5y)9.79%
ROCE(3y)8.33%
ROCE(5y)10.06%
ROICexgc growth 3Y-43.17%
ROICexgc growth 5Y-19.86%
ROICexc growth 3Y-44.09%
ROICexc growth 5Y-20.16%
OM growth 3Y-39.29%
OM growth 5Y-20.88%
PM growth 3Y-43.63%
PM growth 5Y-21.76%
GM growth 3Y-9.65%
GM growth 5Y-5.01%
F-Score6
Asset Turnover0.97
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 2.34
Debt/EBITDA 0.38
Cap/Depr 80.05%
Cap/Sales 6.5%
Interest Coverage 7.18
Cash Conversion 97.86%
Profit Quality N/A
Current Ratio 1.94
Quick Ratio 1.18
Altman-Z 2.03
F-Score6
WACC7.26%
ROIC/WACC0.34
Cap/Depr(3y)86.45%
Cap/Depr(5y)81.94%
Cap/Sales(3y)5.77%
Cap/Sales(5y)5.54%
Profit Quality(3y)143.93%
Profit Quality(5y)139.31%
High Growth Momentum
Growth
EPS 1Y (TTM)-131.18%
EPS 3Y-45.77%
EPS 5Y-20.75%
EPS Q2Q%-116.23%
EPS Next Y13.13%
EPS Next 2Y28.4%
EPS Next 3Y24.19%
EPS Next 5YN/A
Revenue 1Y (TTM)2.05%
Revenue growth 3Y8.35%
Revenue growth 5Y8.72%
Sales Q2Q%7.08%
Revenue Next Year1.98%
Revenue Next 2Y3.63%
Revenue Next 3Y3.79%
Revenue Next 5Y3.77%
EBIT growth 1Y11.66%
EBIT growth 3Y-34.22%
EBIT growth 5Y-13.98%
EBIT Next Year252.49%
EBIT Next 3Y61.44%
EBIT Next 5Y41.73%
FCF growth 1Y88.36%
FCF growth 3Y0.11%
FCF growth 5Y5.75%
OCF growth 1Y37.1%
OCF growth 3Y10.33%
OCF growth 5Y8.69%

TESSENDERLO GROUP / TESB.BR FAQ

Can you provide the ChartMill fundamental rating for TESSENDERLO GROUP?

ChartMill assigns a fundamental rating of 4 / 10 to TESB.BR.


Can you provide the valuation status for TESSENDERLO GROUP?

ChartMill assigns a valuation rating of 5 / 10 to TESSENDERLO GROUP (TESB.BR). This can be considered as Fairly Valued.


Can you provide the profitability details for TESSENDERLO GROUP?

TESSENDERLO GROUP (TESB.BR) has a profitability rating of 3 / 10.


What is the earnings growth outlook for TESSENDERLO GROUP?

The Earnings per Share (EPS) of TESSENDERLO GROUP (TESB.BR) is expected to grow by 13.13% in the next year.


How sustainable is the dividend of TESSENDERLO GROUP (TESB.BR) stock?

The dividend rating of TESSENDERLO GROUP (TESB.BR) is 4 / 10 and the dividend payout ratio is -166.05%.