TECNOGLASS INC (TGLS) Stock Fundamental Analysis
NYSE:TGLS - KYG872641009 - Common Stock
72.58 USD
+0.01 (+0.01%)
75.3 USD
+2.72 (+3.75%)
We assign a fundamental rating of 8 out of 10 to TGLS. TGLS was compared to 41 industry peers in the Building Products industry. TGLS scores excellent points on both the profitability and health parts. This is a solid base for a good stock. TGLS has a correct valuation and a medium growth rate. With these ratings, TGLS could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
TGLS had positive earnings in the past year.
In the past year TGLS had a positive cash flow from operations.
In the past 5 years TGLS has always been profitable.
In the past 5 years TGLS always reported a positive cash flow from operatings.
1.2 Ratios
TGLS's Return On Assets of 15.48% is amongst the best of the industry. TGLS outperforms 92.68% of its industry peers.
With an excellent Return On Equity value of 24.84%, TGLS belongs to the best of the industry, outperforming 80.49% of the companies in the same industry.
TGLS has a better Return On Invested Capital (21.04%) than 87.80% of its industry peers.
TGLS had an Average Return On Invested Capital over the past 3 years of 25.80%. This is significantly above the industry average of 12.73%.
The last Return On Invested Capital (21.04%) for TGLS is well below the 3 year average (25.80%), which needs to be investigated, but indicates that TGLS had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.48% | ||
| ROE | 24.84% | ||
| ROIC | 21.04% |
ROA(3y)18.69%
ROA(5y)14.42%
ROE(3y)34.52%
ROE(5y)28.6%
ROIC(3y)25.8%
ROIC(5y)21.42%
1.3 Margins
With an excellent Profit Margin value of 19.13%, TGLS belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
TGLS's Profit Margin has improved in the last couple of years.
The Operating Margin of TGLS (26.72%) is better than 100.00% of its industry peers.
TGLS's Operating Margin has improved in the last couple of years.
TGLS's Gross Margin of 44.74% is amongst the best of the industry. TGLS outperforms 87.80% of its industry peers.
TGLS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.72% | ||
| PM (TTM) | 19.13% | ||
| GM | 44.74% |
OM growth 3Y2.69%
OM growth 5Y13.32%
PM growth 3Y9.7%
PM growth 5Y26.09%
GM growth 3Y1.53%
GM growth 5Y6.26%
2. Health
2.1 Basic Checks
TGLS has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, TGLS has about the same amount of shares outstanding.
Compared to 5 years ago, TGLS has more shares outstanding
Compared to 1 year ago, TGLS has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 7.17 indicates that TGLS is not in any danger for bankruptcy at the moment.
TGLS has a better Altman-Z score (7.17) than 85.37% of its industry peers.
The Debt to FCF ratio of TGLS is 1.99, which is an excellent value as it means it would take TGLS, only 1.99 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TGLS (1.99) is better than 73.17% of its industry peers.
A Debt/Equity ratio of 0.15 indicates that TGLS is not too dependend on debt financing.
The Debt to Equity ratio of TGLS (0.15) is better than 75.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.99 | ||
| Altman-Z | 7.17 |
ROIC/WACC2.02
WACC10.4%
2.3 Liquidity
A Current Ratio of 2.00 indicates that TGLS should not have too much problems paying its short term obligations.
TGLS has a Current ratio (2.00) which is in line with its industry peers.
A Quick Ratio of 1.44 indicates that TGLS should not have too much problems paying its short term obligations.
The Quick ratio of TGLS (1.44) is comparable to the rest of the industry.
The current and quick ratio evaluation for TGLS is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 23.64% over the past year.
Measured over the past years, TGLS shows a very strong growth in Earnings Per Share. The EPS has been growing by 39.54% on average per year.
The Revenue has grown by 16.90% in the past year. This is quite good.
The Revenue has been growing by 15.62% on average over the past years. This is quite good.
EPS 1Y (TTM)23.64%
EPS 3Y28.76%
EPS 5Y39.54%
EPS Q2Q%19.77%
Revenue 1Y (TTM)16.9%
Revenue growth 3Y21.46%
Revenue growth 5Y15.62%
Sales Q2Q%16.34%
3.2 Future
The Earnings Per Share is expected to grow by 10.29% on average over the next years. This is quite good.
TGLS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.33% yearly.
EPS Next Y15.76%
EPS Next 2Y16.03%
EPS Next 3Y12.32%
EPS Next 5Y10.29%
Revenue Next Year12.49%
Revenue Next 2Y11.87%
Revenue Next 3Y8.89%
Revenue Next 5Y7.33%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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
With a Price/Earnings ratio of 17.79, TGLS is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of TGLS indicates a somewhat cheap valuation: TGLS is cheaper than 68.29% of the companies listed in the same industry.
TGLS is valuated rather cheaply when we compare the Price/Earnings ratio to 27.08, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 14.77, the valuation of TGLS can be described as correct.
Based on the Price/Forward Earnings ratio, TGLS is valued a bit cheaper than 73.17% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.72. TGLS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.79 | ||
| Fwd PE | 14.77 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TGLS is valued a bit cheaper than 65.85% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TGLS indicates a slightly more expensive valuation: TGLS is more expensive than 70.73% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 62.25 | ||
| EV/EBITDA | 11.83 |
4.3 Compensation for Growth
TGLS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of TGLS may justify a higher PE ratio.
TGLS's earnings are expected to grow with 12.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.13
PEG (5Y)0.45
EPS Next 2Y16.03%
EPS Next 3Y12.32%
5. Dividend
5.1 Amount
With a yearly dividend of 0.83%, TGLS is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.11, TGLS pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, TGLS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.83% |
5.2 History
On average, the dividend of TGLS grows each year by 27.74%, which is quite nice.
TGLS has paid a dividend for at least 10 years, which is a reliable track record.
TGLS has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)27.74%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
TGLS pays out 13.36% of its income as dividend. This is a sustainable payout ratio.
The dividend of TGLS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP13.36%
EPS Next 2Y16.03%
EPS Next 3Y12.32%
72.58
+0.01 (+0.01%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners55.16%
Inst Owner Change-68.77%
Ins Owners0%
Ins Owner Change-7.09%
Market Cap3.41B
Analysts80
Price Target96.65 (33.16%)
Short Float %9.01%
Short Ratio7.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.83% |
Yearly Dividend0.42
Dividend Growth(5Y)27.74%
DP13.36%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.63%
Min EPS beat(2)5.41%
Max EPS beat(2)9.86%
EPS beat(4)4
Avg EPS beat(4)5.46%
Min EPS beat(4)0.68%
Max EPS beat(4)9.86%
EPS beat(8)6
Avg EPS beat(8)2.85%
EPS beat(12)10
Avg EPS beat(12)7.98%
EPS beat(16)14
Avg EPS beat(16)10.75%
Revenue beat(2)2
Avg Revenue beat(2)1.89%
Min Revenue beat(2)1.59%
Max Revenue beat(2)2.18%
Revenue beat(4)2
Avg Revenue beat(4)-0.21%
Min Revenue beat(4)-2.72%
Max Revenue beat(4)2.18%
Revenue beat(8)2
Avg Revenue beat(8)-1.1%
Revenue beat(12)6
Avg Revenue beat(12)1.66%
Revenue beat(16)9
Avg Revenue beat(16)2.57%
PT rev (1m)0%
PT rev (3m)13.25%
EPS NQ rev (1m)-3.31%
EPS NQ rev (3m)-7.31%
EPS NY rev (1m)-0.75%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)-0.24%
Revenue NQ rev (3m)2.09%
Revenue NY rev (1m)0.49%
Revenue NY rev (3m)0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.79 | ||
| Fwd PE | 14.77 | ||
| P/S | 3.57 | ||
| P/FCF | 62.25 | ||
| P/OCF | 20.39 | ||
| P/B | 4.63 | ||
| P/tB | 4.92 | ||
| EV/EBITDA | 11.83 |
EPS(TTM)4.08
EY5.62%
EPS(NY)4.91
Fwd EY6.77%
FCF(TTM)1.17
FCFY1.61%
OCF(TTM)3.56
OCFY4.91%
SpS20.34
BVpS15.66
TBVpS14.75
PEG (NY)1.13
PEG (5Y)0.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.48% | ||
| ROE | 24.84% | ||
| ROCE | 29.67% | ||
| ROIC | 21.04% | ||
| ROICexc | 25.16% | ||
| ROICexgc | 26.76% | ||
| OM | 26.72% | ||
| PM (TTM) | 19.13% | ||
| GM | 44.74% | ||
| FCFM | 5.73% |
ROA(3y)18.69%
ROA(5y)14.42%
ROE(3y)34.52%
ROE(5y)28.6%
ROIC(3y)25.8%
ROIC(5y)21.42%
ROICexc(3y)31.86%
ROICexc(5y)26.41%
ROICexgc(3y)33.63%
ROICexgc(5y)28.08%
ROCE(3y)36.38%
ROCE(5y)30.2%
ROICexcg growth 3Y2.27%
ROICexcg growth 5Y18.89%
ROICexc growth 3Y3.41%
ROICexc growth 5Y19.71%
OM growth 3Y2.69%
OM growth 5Y13.32%
PM growth 3Y9.7%
PM growth 5Y26.09%
GM growth 3Y1.53%
GM growth 5Y6.26%
F-Score5
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.99 | ||
| Debt/EBITDA | 0.38 | ||
| Cap/Depr | 375.65% | ||
| Cap/Sales | 11.77% | ||
| Interest Coverage | 32.91 | ||
| Cash Conversion | 58.63% | ||
| Profit Quality | 29.97% | ||
| Current Ratio | 2 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 7.17 |
F-Score5
WACC10.4%
ROIC/WACC2.02
Cap/Depr(3y)339.62%
Cap/Depr(5y)270.82%
Cap/Sales(3y)9.41%
Cap/Sales(5y)8.69%
Profit Quality(3y)45.01%
Profit Quality(5y)90.99%
High Growth Momentum
Growth
EPS 1Y (TTM)23.64%
EPS 3Y28.76%
EPS 5Y39.54%
EPS Q2Q%19.77%
EPS Next Y15.76%
EPS Next 2Y16.03%
EPS Next 3Y12.32%
EPS Next 5Y10.29%
Revenue 1Y (TTM)16.9%
Revenue growth 3Y21.46%
Revenue growth 5Y15.62%
Sales Q2Q%16.34%
Revenue Next Year12.49%
Revenue Next 2Y11.87%
Revenue Next 3Y8.89%
Revenue Next 5Y7.33%
EBIT growth 1Y25.45%
EBIT growth 3Y24.72%
EBIT growth 5Y31.02%
EBIT Next Year38.21%
EBIT Next 3Y16.14%
EBIT Next 5Y12.33%
FCF growth 1Y39.77%
FCF growth 3Y11.4%
FCF growth 5Y164.7%
OCF growth 1Y37.01%
OCF growth 3Y13.28%
OCF growth 5Y46.01%