TECNOGLASS INC (TGLS)
KYG872641009 - Common Stock
TGLS gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 43 industry peers in the Building Products industry. While TGLS belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. TGLS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year TGLS was profitable.
TGLS had a positive operating cash flow in the past year.
TGLS had positive earnings in each of the past 5 years.
TGLS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of TGLS (18.99%) is better than 95.35% of its industry peers.
With an excellent Return On Equity value of 33.36%, TGLS belongs to the best of the industry, outperforming 86.05% of the companies in the same industry.
With an excellent Return On Invested Capital value of 24.63%, TGLS belongs to the best of the industry, outperforming 93.02% of the companies in the same industry.
TGLS had an Average Return On Invested Capital over the past 3 years of 24.28%. This is significantly above the industry average of 13.55%.
The last Return On Invested Capital (24.63%) for TGLS is above the 3 year average (24.28%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.99% | ||
| ROE | 33.36% | ||
| ROIC | 24.63% |
ROA(3y)17.24%
ROA(5y)12.11%
ROE(3y)35.32%
ROE(5y)26.12%
ROIC(3y)24.28%
ROIC(5y)18.49%
1.3 Margins
TGLS's Profit Margin of 21.94% is amongst the best of the industry. TGLS outperforms 100.00% of its industry peers.
In the last couple of years the Profit Margin of TGLS has grown nicely.
Looking at the Operating Margin, with a value of 31.18%, TGLS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of TGLS has grown nicely.
TGLS's Gross Margin of 46.93% is amongst the best of the industry. TGLS outperforms 95.35% of its industry peers.
TGLS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.18% | ||
| PM (TTM) | 21.94% | ||
| GM | 46.93% |
OM growth 3Y21.35%
OM growth 5Y19.63%
PM growth 3Y51.22%
PM growth 5Y55.35%
GM growth 3Y8.22%
GM growth 5Y7.69%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TGLS is creating value.
The number of shares outstanding for TGLS has been reduced compared to 1 year ago.
TGLS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for TGLS has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 6.29 indicates that TGLS is not in any danger for bankruptcy at the moment.
TGLS has a Altman-Z score of 6.29. This is in the better half of the industry: TGLS outperforms 76.74% of its industry peers.
TGLS has a debt to FCF ratio of 2.79. This is a good value and a sign of high solvency as TGLS would need 2.79 years to pay back of all of its debts.
TGLS has a Debt to FCF ratio (2.79) which is in line with its industry peers.
TGLS has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.30, TGLS perfoms like the industry average, outperforming 58.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.79 | ||
| Altman-Z | 6.29 |
ROIC/WACC2.13
WACC11.58%
2.3 Liquidity
TGLS has a Current Ratio of 2.27. This indicates that TGLS is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of TGLS (2.27) is comparable to the rest of the industry.
TGLS has a Quick Ratio of 1.60. This is a normal value and indicates that TGLS is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.60, TGLS is doing good in the industry, outperforming 69.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.27 | ||
| Quick Ratio | 1.6 |
3. Growth
3.1 Past
TGLS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.88%, which is quite good.
TGLS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.17% yearly.
Looking at the last year, TGLS shows a quite strong growth in Revenue. The Revenue has grown by 16.29% in the last year.
TGLS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.57% yearly.
EPS 1Y (TTM)19.88%
EPS 3Y70.71%
EPS 5Y36.17%
EPS growth Q2Q-26.61%
Revenue 1Y (TTM)16.29%
Revenue growth 3Y30.31%
Revenue growth 5Y17.57%
Revenue growth Q2Q-7.81%
3.2 Future
The Earnings Per Share is expected to grow by 5.59% on average over the next years.
TGLS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.79% yearly.
EPS Next Y-3.39%
EPS Next 2Y5.26%
EPS Next 3Y5.49%
EPS Next 5Y5.59%
Revenue Next Year8.32%
Revenue Next 2Y8.3%
Revenue Next 3Y4.15%
Revenue Next 5Y3.79%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
TGLS is valuated correctly with a Price/Earnings ratio of 13.40.
TGLS's Price/Earnings ratio is rather cheap when compared to the industry. TGLS is cheaper than 81.40% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.32. TGLS is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 13.87, TGLS is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TGLS indicates a somewhat cheap valuation: TGLS is cheaper than 74.42% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.24. TGLS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.4 | ||
| Fwd PE | 13.87 |
4.2 Price Multiples
TGLS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. TGLS is cheaper than 74.42% of the companies in the same industry.
79.07% of the companies in the same industry are cheaper than TGLS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.17 | ||
| EV/EBITDA | 8.89 |
4.3 Compensation for Growth
The excellent profitability rating of TGLS may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.37
EPS Next 2Y5.26%
EPS Next 3Y5.49%
5. Dividend
5.1 Amount
With a yearly dividend of 0.84%, TGLS is not a good candidate for dividend investing.
TGLS's Dividend Yield is a higher than the industry average which is at 1.15.
Compared to an average S&P500 Dividend Yield of 2.34, TGLS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
5.2 History
On average, the dividend of TGLS grows each year by 36.17%, which is quite nice.
TGLS has been paying a dividend for over 5 years, so it has already some track record.
TGLS has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)36.17%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
8.98% of the earnings are spent on dividend by TGLS. This is a low number and sustainable payout ratio.
The dividend of TGLS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP8.98%
EPS Next 2Y5.26%
EPS Next 3Y5.49%
TECNOGLASS INC
NYSE:TGLS (5/13/2024, 7:04:01 PM)
After market: 53.32 0 (0%)53.32
+0.79 (+1.5%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.51B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.4 | ||
| Fwd PE | 13.87 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.99% | ||
| ROE | 33.36% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 31.18% | ||
| PM (TTM) | 21.94% | ||
| GM | 46.93% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.27 | ||
| Quick Ratio | 1.6 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)19.88%
EPS 3Y70.71%
EPS 5Y
EPS growth Q2Q
EPS Next Y-3.39%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)16.29%
Revenue growth 3Y30.31%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y